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Mark E Haskins - One of the best experts on this subject based on the ideXlab platform.
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horse vet llc transaction analysis and statement of cash flows preparation option 1
Social Science Research Network, 2017Co-Authors: Mark E HaskinsAbstract:This case pertains to the foundational underpinnings of the Accounting Process and the statement of cash flows. In Part I, students are presented with 23 business events that they must evaluate for recording in the financial records. Part II requires students to prepare a 2012 statement of cash flows using the information presented in the company's 2011 and 2012 year-end balance sheets along with its 2012 income statement. In Part III, students must rely on a 2011 balance sheet and a 2011 statement of cash flows to work backward to derive the 2010 year-end balance sheet. There are two versions of this case: Option 1 and Option 2. The Option 2 case is a bit more challenging than the Option 1 case. Instructors should use Option 2 if they feel students are well grounded in their understanding of financial statement relationships and the customary financial reporting of a typical set of business events. Both cases reinforce students' learning related to the Accounting Process and the connectivity between the financial statements. Please note that only one version of the case should be used due to the existence of some overlap between the two. Excerpt UVA-C-2333 Aug. 9, 2012 HORSE VET, LLC: TRANSACTION ANALYSISAND STATEMENT OF CASH FLOWS PREPARATION (OPTION 1) Part I Sam Birch, like his brother Jeff (who owned Dog Concierges, LLC), was a financial novice. His passion, though, was horses, and after years of vet school, interning, and working for other horse vets, he had finally started his own veterinary practice in Virginia horse country. In its first five years, Horse Vet, LLC, had grown to about $ 1,000,000 in client billings—a major accomplishment he was deservedly proud of. Just as his brother had done with his business, Sam had put all his company's financial concerns in the hands of their sister, Jennifer Birch, now a successful CPA 500 miles away. Sam believed he had a pretty good handle on the day-to-day running of the business, but he was clueless when it came to crafting a financial story reflective of his business activities and accomplishments. Up until now, if there were adequate balances in the business checking account and the family checking account, he was happy. He thought, however, that he needed an Accounting 101 tutorial so that he would have some simple understanding of the Process of preparing and interpreting a basic set of business financial statements. He couldn't avoid raising his financial acumen any longer. Such an understanding would be key when he talked to his banker next month about a $ 400,000 line of credit he needed to expand his business into two adjoining counties. . . .
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horse vet llc transaction analysis and statement of cash flows preparation option 1
Darden Business Publishing Cases, 2017Co-Authors: Mark E HaskinsAbstract:This case pertains to the foundational underpinnings of the Accounting Process and the statement of cash flows. In Part I, students are presented with 23 business events that they must evaluate for recording in the financial records. Part II requires students to prepare a 2012 statement of cash flows using the information presented in the company's 2011 and 2012 year-end balance sheets along with its 2012 income statement. In Part III, students must rely on a 2011 balance sheet and a 2011 statement of cash flows to work backward to derive the 2010 year-end balance sheet. There are two versions of this case: Option 1 and Option 2. The Option 2 case is a bit more challenging than the Option 1 case. Instructors should use Option 2 if they feel students are well grounded in their understanding of financial statement relationships and the customary financial reporting of a typical set of business events. Both cases reinforce students' learning related to the Accounting Process and the connectivity between the financial statements. Please note that only one version of the case should be used due to the existence of some overlap between the two.
Hidalgo Mera, Karen Viviana - One of the best experts on this subject based on the ideXlab platform.
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Control interno y su incidencia en los procesos contables de la Cooperativa de Consumo de Artículos de Primera Necesidad La Maná Ltda. del Cantón la Maná Provincia de Cotopaxi.
Ecuador : La Maná : Universidad Técnica de Cotopaxi (UTC), 2019Co-Authors: Chicaiza Ortega, Joyce Narcisa, Hidalgo Mera, Karen VivianaAbstract:The present investigation called: Internal control and its incidence on the Accounting Process of the Cooperative of Consumption of articles of first necessity “La Maná Ltda.” of Canton La Maná, Province of Cotopaxi. It was carried out in the Cooperative of Consumption "La Maná Ltda." From the same Canton, due to the need to know the impact of internal control within the Accounting Process. The general objective of this project is to determine the incidence of internal control over the Accounting Processes in the cooperative. For this purpose, we used a type of descriptive documentary bibliographic research, supported with techniques and information-gathering tools such as the interview, applied to the secretary and legal representative of the institution, the survey, was applied to the partners, to obtain real information of the object of study; the sources of data collection were both primary and secondary, these were used for the elaboration of the theoretical framework, the tabulation of the information obtained through the surveys and analysis of the company's financial documents, an internal control questionnaire was also prepared to know the situation of the Accounting area of the Cooperative, this allowed to draw conclusions and recommendations; for which it was possible to identify that the Process carried out has some flaws in its application, based on this a proposal related to the research on a design of an internal control model based on the COSO I, which helps to improve and optimize the resources of the company through the Accounting Processes of the Consumer Cooperative, so that in this way the operation of this company helps to effectively disclose the real information of the financial situation.La presente investigación denominada: Control interno y su incidencia en los procesos contables de la Cooperativa de Consumo de artículos de primera necesidad “La Maná Ltda.” del Cantón la Maná Provincia de Cotopaxi., se realizó en la Cooperativa de Consumo “La Maná Ltda.” del mismo Cantón, por la necesidad de conocer la incidencia que tiene el control interno dentro del proceso contable. El objetivo general de este proyecto es determinar la incidencia del control interno sobre los procesos contables en la cooperativa para ello se utilizó un tipo de investigación bibliográfica documental tipo descriptiva, apoyados con técnicas e instrumentos de recolección de información como la entrevista, aplicada a la secretaria y representante legal de la institución, la encuesta, se la aplicó a los socios, para obtener información real del objeto de estudio; las fuentes de recolección de datos fueron tanto primarias como secundarias, estas se utilizaron para la elaboración del marco teórico, la tabulación de la información obtenida mediante las encuestas y análisis de los documentos financieros de la empresa, también se elaboró un cuestionario de control interno para conocer la situación del área contable de la Cooperativa, esto permitió sacar las conclusiones y recomendaciones; para la cual se pudo identificar que el proceso que se lleva a cabo tienen algunas falencias en su aplicación, en base a esto se elaboró una propuesta relacionada con la investigación sobre un diseño de un modelo de control interno basado en el COSO I, que ayude a la mejora y optimización los recursos de la empresa mediante los procesos contables de la Cooperativa de Consumo, para que de esta manera el funcionamiento de esta empresa ayude dar a conocer de manera eficaz la información real de la situación financiera
Salguero Vivanco, Fabian Stalin - One of the best experts on this subject based on the ideXlab platform.
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Evaluación al proceso contable y sus efectos en la rentabilidad de los Negocios Artesanales del cantón La Maná provincia de Cotopaxi período 2017-2018.
Ecuador : La Maná : Universidad Técnica de Cotopaxi (UTC), 2019Co-Authors: Salguero Vivanco, Fabian StalinAbstract:The elaboration of the present research responded to the enormous need to evaluate the Accounting Process of the artisanal businesses of La Maná and its incidence in the profitability, since in them a limited economic and competitive growth could be observed, due to factors such as traditional management that is used in these businesses with an inadequate Accounting management, which make it difficult to manage their labor actions. In order to meet the proposed objectives, the inductive method was used to learn in depth about the way in that daily activities take place within the artisanal businesses of La Maná, using information as much as primary and secondary, the qualitative method to quantify the results of the research. . In addition, primordial research was used and academic knowledge was provided for the benefit of artisan citizens. Through bibliographic research, information was collected from secondary sources such as books, journals, theses, web pages and field research to gather information from sources. Primary through the application of interview techniques and surveys (owner). The results allowed knowing that the artisans if they are legally qualified by the National Board of Defense of the Craftsman, at present there are 77 qualified craftsmen, among whom a system or Accounting Processes has not been defined in a documented way, it was considered indispensable that the artisans implement an Accounting manual for the management of their Processes, where most of them do not know about the management of their tax obligations and do not have any control over the economic information of their business, for which it was concluded that among the businesses of the artisanal sector does not comply adequately with Accounting standards. For this reason, an Accounting manual was designed with formats for the requisition of purchases, purchase order, exit receipt, kardex card, purchase record, expense record, payable accounts, customer list, purchase order, depreciation and payment formulas to measure the profitability such as: liquidity, activity, indebtedness and profitability through indicators that will be very useful for artisan businesses in The Mana.La elaboración de la presente investigación respondió a la necesidad ingente de evaluar el proceso contable de los negocios artesanales del cantón La Maná y su incidencia en la rentabilidad, pues en las mismas se pudo observar un limitado crecimiento económico y competitivo, debido a factores como una administración tradicionalista que se maneja en estos negocios con un inadecuado manejo contable, que dificultan el manejo de sus acciones laborales en lo que respecta. Para cumplir con los objetivos propuestos se utilizó el método inductivo para conocer a profundidad sobre la manera que llevan las actividades diarias dentro de los negocios artesanales del cantón La Maná utilizando información tanto como primaria y secundaria, el método cualitativo para cuantificar los resultados de la investigación. Además, se empleó la investigación primordial y se aportó conocimiento académico en beneficio de los ciudadanos artesanos, mediante la investigación bibliográfica se recopiló información procedente de fuentes secundarias como libros, revista, tesis, y páginas webs y la investigación de campo para la recopilar información de fuentes primarias mediante la aplicación de las técnicas de entrevista y encuestas (propietario). Los resultados permitieron conocer que los artesanos si están legalmente calificados por la Junta Nacional de Defensa del Artesano, en la actualidad existen 77 artesanos calificados, entre los cuales no se ha definido un sistema o procesos contables de manera documentada por ello se consideró indispensable que los artesanos implementen un manual contable para el manejo de sus procesos, donde la mayoría de ellos desconoce sobre el manejo de sus obligaciones tributarias y no lleva ningún tipo de control sobre la información económica de su negocio, por lo cual se concluyó que entre los negocios del sector artesanal no se da un cumplimiento adecuado de las normas contables. Por ello se diseñó un manual contable con formatos para la requisición de compras, orden de compra, comprobante de egreso, tarjeta kardex, registro de compra, registro de gastos, cuentas por pagar, lista de clientes, orden de pedido, depreciaciones y fórmulas de medida de rentabilidad como: liquidez, de actividad, de endeudamiento y rentabilidad mediante indicadores que serán de gran utilidad para los negocios artesanales del cantón La Maná
Chicaiza Ortega, Joyce Narcisa - One of the best experts on this subject based on the ideXlab platform.
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Control interno y su incidencia en los procesos contables de la Cooperativa de Consumo de Artículos de Primera Necesidad La Maná Ltda. del Cantón la Maná Provincia de Cotopaxi.
Ecuador : La Maná : Universidad Técnica de Cotopaxi (UTC), 2019Co-Authors: Chicaiza Ortega, Joyce Narcisa, Hidalgo Mera, Karen VivianaAbstract:The present investigation called: Internal control and its incidence on the Accounting Process of the Cooperative of Consumption of articles of first necessity “La Maná Ltda.” of Canton La Maná, Province of Cotopaxi. It was carried out in the Cooperative of Consumption "La Maná Ltda." From the same Canton, due to the need to know the impact of internal control within the Accounting Process. The general objective of this project is to determine the incidence of internal control over the Accounting Processes in the cooperative. For this purpose, we used a type of descriptive documentary bibliographic research, supported with techniques and information-gathering tools such as the interview, applied to the secretary and legal representative of the institution, the survey, was applied to the partners, to obtain real information of the object of study; the sources of data collection were both primary and secondary, these were used for the elaboration of the theoretical framework, the tabulation of the information obtained through the surveys and analysis of the company's financial documents, an internal control questionnaire was also prepared to know the situation of the Accounting area of the Cooperative, this allowed to draw conclusions and recommendations; for which it was possible to identify that the Process carried out has some flaws in its application, based on this a proposal related to the research on a design of an internal control model based on the COSO I, which helps to improve and optimize the resources of the company through the Accounting Processes of the Consumer Cooperative, so that in this way the operation of this company helps to effectively disclose the real information of the financial situation.La presente investigación denominada: Control interno y su incidencia en los procesos contables de la Cooperativa de Consumo de artículos de primera necesidad “La Maná Ltda.” del Cantón la Maná Provincia de Cotopaxi., se realizó en la Cooperativa de Consumo “La Maná Ltda.” del mismo Cantón, por la necesidad de conocer la incidencia que tiene el control interno dentro del proceso contable. El objetivo general de este proyecto es determinar la incidencia del control interno sobre los procesos contables en la cooperativa para ello se utilizó un tipo de investigación bibliográfica documental tipo descriptiva, apoyados con técnicas e instrumentos de recolección de información como la entrevista, aplicada a la secretaria y representante legal de la institución, la encuesta, se la aplicó a los socios, para obtener información real del objeto de estudio; las fuentes de recolección de datos fueron tanto primarias como secundarias, estas se utilizaron para la elaboración del marco teórico, la tabulación de la información obtenida mediante las encuestas y análisis de los documentos financieros de la empresa, también se elaboró un cuestionario de control interno para conocer la situación del área contable de la Cooperativa, esto permitió sacar las conclusiones y recomendaciones; para la cual se pudo identificar que el proceso que se lleva a cabo tienen algunas falencias en su aplicación, en base a esto se elaboró una propuesta relacionada con la investigación sobre un diseño de un modelo de control interno basado en el COSO I, que ayude a la mejora y optimización los recursos de la empresa mediante los procesos contables de la Cooperativa de Consumo, para que de esta manera el funcionamiento de esta empresa ayude dar a conocer de manera eficaz la información real de la situación financiera
Fiona Thorne - One of the best experts on this subject based on the ideXlab platform.
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an evaluation of the effect of greenhouse gas Accounting methods on a marginal abatement cost curve for irish agricultural greenhouse gas emissions
Environmental Science & Policy, 2014Co-Authors: D Obrien, L Shalloo, P Crosson, Trevor Donnellan, Niall Farrelly, John Finnan, Kevin Hanrahan, Stan T J Lalor, Gary Lanigan, Fiona ThorneAbstract:Abstract Marginal abatement cost curve (MACC) analysis allows the evaluation of strategies to reduce agricultural greenhouse gas (GHG) emissions relative to some reference scenario and encompasses their costs or benefits. A popular approach to quantify the potential to abate national agricultural emissions is the Intergovernmental Panel on Climate Change guidelines for national GHG inventories (IPCC-NI method). This methodology is the standard for assessing compliance with binding national GHG reduction targets and uses a sector based framework to attribute emissions. There is however an alternative to the IPCC-NI method, known as life cycle assessment (LCA), which is the preferred method to assess the GHG intensity of food production (kg of GHG/unit of food). The purpose of this study was to compare the effect of using the IPCC-NI and LCA methodologies when completing a MACC analysis of national agricultural GHG emissions. The MACC was applied to the Irish agricultural sector and mitigation measures were only constrained by the biophysical environment. The reference scenario chosen assumed that the 2020 growth targets set by the Irish agricultural industry would be achieved. The comparison of methodologies showed that only 1.1 Mt of the annual GHG abatement potential that can be achieved at zero or negative cost could be attributed to agricultural sector using the IPCC-NI method, which was only 44% of the zero or negative cost abatement potential attributed to the sector using the LCA method. The difference between methodologies was because the IPCC-NI method attributes the abatement from agricultural mitigation measures, partially or fully, to other sectors within a nation or to activity taking place in other countries. This suggests that it may be politically difficult to justify to farmers that mitigation measures should be adopted in agriculture, if the Accounting Process does not credit this mitigation to them. The disagreement between methodologies also indicates that unilateral national or regional policies to reduce agricultural GHG emissions based on the IPCC-NI method could lead to mitigation options that increase global emissions (carbon leakage). The limitations of the IPCC-NI method for assessing national agricultural GHG emissions could be overcome by reforming or expanding the Accounting methodology to include domestic offsetting and to assess emissions associated with national consumption via LCA. This would overcome the problem of carbon leakage and credit (in part) agricultural practices that reduce emissions in other sectors or nations without emission caps.
