Dave Lawrence's Views on Financial Matters Essay

“Access to good financial information is essential to success in the policy and financial management arenas” (Bartle, Hildreth, Marlowe. P. 222). Proper accounting is the cornerstone to working towards a balanced budget. The CAFR (comprehensive annual financial report)

Establishing an endowment fund will significantly boost TanenbaumCHAT’s financial flexibility, as the school will have emergency money in the case where enrolment significantly drops in an unforeseen economic downturn and money for any potentially expensive legal battles. In addition to allocating excess money from reducing administrative salaries and eliminating extra support staff, TanenbaumCHAT must commit to contributing a specific percentage of their annual campaign to the endowment fund. In doing so, TanenbaumCHAT will signal to the Jewish community of the Greater Toronto Area, their commitment for the long-term sustainability of a non-denominational Jewish high

Participating in this assignment provided me much new insight into the general subject of the management of school funds. From reading the audit, I learned that I could get a fair, professional view of my school district’s financial standing. I can see now how going through the process of an audit and reading the results and recommendations can only help the administration, and thus the school. It makes sense that our school board and administration base many of their financial decisions off of our audits because they give a true and fair view of the school’s financial status. Plus, I learned how our school can use this information to correct any deficiencies,

The principal of this school oversees a staff of 150 teachers, instructors, educational coaches and administrative support from diverse backgrounds. Most major decisions are made at the district level. These include number of school days,

Including community members will increase their willingness in making contributions to the school. The community contributions I recommend that all stakeholders understand local and state revenue sources when making decisions. Training may need to be required for all stakeholders. It is important for them to learn the organizational and technical aspects of funding; so that, they all can work together cooperatively. All the decision made should be in the best interests of the students. School fundraisers and grant monies should be use for the needs of students. The budget for school infrastructure relies heavily on the central office decisions. This is the downfall for any school district. In my opinion, each individual school truly understand the state of the facilities; therefore, the central office personnel should take into heavy considerations of their concerns. Advocating for a renovated or new building can play a role in considering the

There are three kind of financial statements for companies which the content reflected different information. Among them, the first is the balance sheet, this statement reflects the financial situation of enterprises. For example, some of the listed companies wants to reflect good financial position in the statement, they will want to increase total assets, decrease accrued total liabilities, and then of course increase owners ' equity, making investors mistakenly believe the company has great investment value, thereby misleading public opinion and investors. Beside the balance sheet the other two financial statements are the income statement and cash flow statement. These two statements reflect the business situation of enterprises. The income statement is an important indicator to measure the performance of listed companies, it is closely related to the allotment and the profit. Therefore, in order to increase the profits of listed companies, they will have to Increase revenue, earnings, decrease expenses, costs and losses (Temte, 73). It helped increase tax evasion, embezzlement and other economic criminal activities. A large number of cases being investigated, all related to the accountants making the fake accounting entries. Therefore, the accounting credibility loss has restricted the development of the market economy. In a business, accountant often times handle the tax problem, so if

An organizational leader, one with familiarity of financial statements and their impact on the business as a whole, has an opportunity to play a vital role in his or her position. The purpose of this paper is to collect, sort, and report on the financial data of publicly traded company. This is much like that which is performed by a Certified Public Accountant. In the case of this exercise, the information is presented from the perspective of a student and future business leader. A summary of both the company’s business and financial health is also included in this paper. Without further ado, let’s delve in to the company chosen for this assignment.

Case study encouraged us to closely probe into each statements and line items and make us understand it. Few highlighted learning’s are preparation of common-size financial statements, understanding of footnotes, eye opening fact about use of estimates in preparation of financial statement, etc. Overall it was good exercise accomplished with great team efforts.

Each user of the financial statements interprets the information in a different manor. They use the information to determine their interactions with the organization. Management, investors, and employees use the same information from the financial statements but for different purposes. These four basic statements are the fundamentals of accounting which can be much more detail and complex. They do not need to be more complex for the users of the information; these basic statements have all the information needed to make

To gain a deeper understanding of the financial instability faced by schools, HCSS Education, leading education finance specialist, conducted a survey that explored budgeting issues, why deficits occur and whether schools have strategies and supports in place to avoid or overcome them successfully. In total, 265 school leaders were surveyed; 170 from maintained schools and 95 from academies.

The directors of the Company are responsible for the preparation and fair presentation of these financial statements in accordance with

it must determine the appropriate financial statement presentation and disclosure of the results. Sometimes financial statement preparers do not give the same level of attention

This essay will begin to look at the main financial statements used by decision makers in businesses today. This essay will go into detail about the income statement and statement of financial position and whether these two statements provide decision makers with their financial information adequately. This essay will also include the various advantages and disadvantages of each financial statement as well as describing whom the decision makers are and why financial statements are important to them. A conclusion will be present at the end of this essay to demonstrate an overall view of whether financial statements are beneficial to decision makers.

Every business has to prepare its financial statements for its investors and making its business decisions. Company’s financial conditions are of major concern to the investors and creditors. As capital providers they rely on the financial statement for safety and profitability of their investments. They are also interested in knowing where and for what purpose their money is being used. Financial statements present the financial health of the entity.

The financial statements are very useful to all this group of user. Explain each of them;