As a full-time PhD student lacking income from off-campus employment, I have a very heavy financial need to pay for the tuition, fees, and room and board all by myself. Since it is expected to take 4 years of intensive study, a stable and secure financial support is certainly very important.
I’ve been working as an hourly-paid ($16 per hour) student assistant at Department of Family and Child Nursing (FCN) since June 2017. The maximum work hour for me under the policy is 19.5 hours per week. I try my best to meet the working limit and fit my course schedule during the quarters. In the Spring quarter, 2018, I got a Teaching Assistant appointment. It’s a 25% FTE TA position (10 hours per week). I use TA stipend to pay for the Spring quarter
Education comes at a high price for this generation and not just financially. Going to college can give students plenty of debt with no promise of a job in return, which can set a student father back on their course of life. Young adults trying to start their lives by going to college encounter many setbacks. Today the average cost for a private university is $25...
An important part of financial planning for corporations is the annual report. Publically held companies are required to submit an annual report to the SEC and private companies, even though not required, can use an annual report to gauge the performance of the company for the past year and use the report to plan for the future. The financial statements that make up an annual report are the income statement, the balance sheet, and the statement of cash flows. (Melicher, 2014) Once all of the financial information has been compiled and the three statements that make up the annual report have been completed a corporation can then start to analyze the data. There are several different categories of financial ratios
This scholarship will help to support my progress in my education here at MSUM in many ways. If I have the opportunity to receive this scholarship, all of the scholarship money will be used directly towards my education costs. This scholarship would help me with textbook and classroom expenses, and tuition. As a sophomore in college, I hold two part-time jobs throughout the school year and work full-time over the summer to make sure that I am able to pay my way through schools and living expenses. Any aide is greatly appreciated and will be put to good use.
Managers in sustaining organization’s today know that in order for decision’s to be successful they need to be made with the total financial picture in mind. Organization’s who hope to still be doing business in the following years look at all of the implications of investments and taking on additional debt by first reviewing its effects on their bottom line. They do this through the three most important applicable financial statements, the Income Statement, Cash Flow Statement and also the Balance sheet. We will discuss these statements in depth below.
College is expensive, and as each year passes, it becomes ever costlier. Compounding on this increasing expense, loans have interest, and though student loans are more affordable than the average loan, they are unforgivable and still cost more money in the long run. In order to be able to graduate with as little debt as possible, one can work while pursuing a degree. Whether part- or full-time, this can aid the student to take out fewer loans and incur less interest, thus saving them money. A $3,000 scholarship would be especially helpful for me as I, not wanting to borrow massive sums of money that generate massive amounts of interest to repay, will have to work while getting my degree. As an engineering major, this would impact my studies
This fall, I will be entering my second year of college and I am in need of financial assistance in order to continue my secondary education here at Virginia Commonwealth University. I am a first-generation college student, who comes from a single parent low income home. In addition, I have a disability that requires special accommodations that make the cost of continue my education more expensive.
To pay for my education I will receive the help of my parents, scholarships, and loans. My parents will be helping by letting me stay with them during college, meaning I will be driving to college instead of staying in a dorm. However, I am helping contribute to my education as well, I am currently working at Five Guys, and I am preserving as much money as I can to ready for my future costs. Not to mention that during college, I expect to work full time as well. Additionally, my parents have to provide for my twin brother, who is heading to college at the same time as me. Sadly, I will not have enough to pay for college with me and my parents alone, and it’s essential I find money elsewhere. I am comfortable with taking on some student loans,
The process of systematic recording of the business transaction in the various books of account maintained by the entity with ultimate purpose of preparing financial statement there from is called Financial Accounting. Financial accounting summarizes the transaction taking place during a period with the objective of preparing the financial statements
A University Student Budget Sheet In this assignment I will be consulting a university student’s Budget schedule I will be offering the student advice on how to solve problems when in dept by offering an student loan, grants etc. I will be referring to the budget schedule to what areas the student can cut sort on to cover the other costs mostly needed to be covered. UNIVERSITY STUDENT BUDGET SCHEDULE Mouthly Week 1 Week 2 Week 3 Week 4 Total INCOME DESCRIPTION University Student (Grant) £142 £142 £142 £142 £570 Interest and dividends £0 £0 £0 £0 £0 Savings £150 £0 £0 £0 £150 TOTAL INCOME £292 £142 £142 £142 £720 EXPENSE DESCRIPTION Beauty shop and barber £5 £0 £5 £0 £10 Cable TV £15 £0 £15 £0 £30 Clothing £50 £0 £50 £0 £100 Credit card payments £25 £0 £25 £0 £50 Electricity £50 £0 £0 £0 £50 Entertainment and recreation £25 £25 £25 £25 £100 Gas company £50 £0 £0 £0 £50 Gifts £15 £0 £0 £15 £30 Groceries and outside meals £15 £0 £0 £0 £15 Household £15 £10 £10 £5 £50 Laundry and dry-cleaning £3.
Financial accounting is the process of recording and analyzing quantitative and financial information of business operations, which essentially are transactions between the company and external partners, in a certain period of time for the purpose of making better business decisions. Financial accounting is a key process of business management, some experts even believe that, without financial accounting, the business activities are temporary.
On 11th September 2014 US lawmakers have sent a letter in which they have urged the House of Representatives to preserve cash-flow accounting method. The legislators have stated that the shift towards accrual accounting could be detrimental to businesses that have developed their business strategies on cash basis for years. Their argument in defence of cash accounting was that it allows a firm to have more disposable income at a time, increasing growth possibilities for small businesses. Moreover, being less complex, the method requires less funds to be spent on accounting processes. On the other hand, Fayez Choudhury suggested that government public sector’s cash accounting does not represent the true economic health of the government by
An accountant’s job duties are to compile, examine, confirm, and prepare financial statements that include the profit and loss analysis of a given organization/corporation (Ferguson). A typical day would entail working indoors, assessing information and evaluating “best-practices” to recommend (“Accountants”). Some of the main skills that are required form an accountant would be to have analytical, problem-solving, communication, math, and organizational skills (“Accountants”). These skills go hand in hand with everything pertaining to an accountant’s job, for there is slight to nonexistent room for error (Ferguson). For an individual to obtain their CPA, Certified Public Accountant, a person would have to have a minimum of “two year of public accounting experience” with an additional 150 hours of education to apply for the certificate (Ferguson). There is no main/prevalent organization that would offer an accountant a job; it is very diverse because every business utilizes an accountant. The average income of the average certified public accountant is between $52,000 and $89,550 per year (“Certified”). The demand for accountants has gradually increased over time and is expected to continue “[growing] 16% from 2010 to 2020”, which is about the same as any other occupation’s average growth (“Accountants”). Due to business growth, increased scrutiny of financial performances, and continued globalization of business through mergers and acquisitions, the prospects of accounting services are bound to grow (Ferguson; “Accountants”). Skilled accountants are more likely to advance in their jobs faster within a 1 or 2 year gap, and there are also those who excel and could potentially be promoted to an executive position (“Accountants”). Wh...
Financial institutions vary in many ways from the traditional, non-financial organization. For many people, the inner-workings of financial institutions are complicated and difficult to understand. For accountants, the traditional rules and procedures used in non-financial institutions must be modified and extended when a financial institution is involved. Our focus in this paper is on one specific financial institution, the commercial bank. In this introductory manual, we will discuss the many reasons for the differences in bank accounting in attempt to give you, the accountant, a better understanding of accounting issues in this unique industry.
Financial reporting is the communication that enables users of financial statements to assess the profitability and the financial state of a company( Scott, 2009). This information is provided within an accounting framework to ensure neutrality, comparability and understandability for all users of financial statements. The key role is to reduce information asymmetry between the managers and stakeholders such as investors, creditors, governments, employees, consumers and the general public. These stakeholders are direct or indirect participants in the capital markets from where companies vie for finances in the form of equity or credit(Scott, 2009). In Canada, financial reporting is overseen by the Accounting Standards Board(ASB) whose mandate is to, “ to support informed economic decision-making by maintaining a framework that provides a basis for high quality information about financial performance,”(CICA, 2011). The questions as to whether the ASB should enact new disclosure requirements for firms to report on the environmental performance or sustainable development is fundamentally a question of whether environmental performance and sustainability have a role in economic decision making. The answer hinges on the connection between environmental performance and sustainable development having an influence on financial performance. In this paper, stakeholders to whom this information is important will be discussed, evidence that disclosure is sought and solicited will be presented as well as evidences that environmental performance and sustainability are factors in financial performance will also be discussed. Finally, the case will be made that ASB should enact new disclosure requirements in efforts.
Over the years, our accounting system has evolved from the tedious task of manual accounting to the ease of computerized accounting systems and programs. Computerized accounting has brought about a more efficient way of setting up and maintaining a company’s financial records.