Government-Wide Financial Statement

Assignment 4.1: California Government in Crisis There are many obstacles of California politics, which contribute to our inability to live the California Dream. For example, California debts continues to escalate, due to our taxation system hasn’t changed over the past years. Hence, during 2012 there was a budget gap of 16 billion dollars, which was more than the total revenues receive for general funds. Since, our taxation system depends highly on the income taxes paid by capital gain, the stock market must increase, so it can create a surplus. If that doesn’t happen, the government must find another way to finance their budget.

The state of Indiana is a mid-western state governed by Mike Pence in 2016, and its financial statements were prepared by Auditor of State Suzanne Crouch and her team (1). Its 2016 Comprehensive Annual Financial Report communicates to readers that: Indiana’s post-retirement health care plan is underfunded and has a funding gap, its infrastructure is sufficiently maintained, its deficit is concerning, it has increase state-funded medical care, and its unemployment is decreasing. Ohio is an appropriate benchmark and comparison for Indiana’s financial performance. 1. The first insight readers gain by analyzing Indiana’s financial statements is that there is a financial gap between the funding for its other post-employment benefits, primarily its

The government in this regard might consider increasing the taxes in order to meet the cost of healthcare. The increase in taxes will have a negative implication in the society; for instance, the prices of basic commodities will increase making life difficult, especially to the low social class individuals. Additionally, employees in the private and public sector will experience the impact of increased taxes through reduced net salaries; this may attract a negative reaction from the

Unit 3 – Retail Operations Jack Wightman Introduction I will be writing about a local independent department store called EIAr Sports, bases in a small market town. EIAr Sports sell martial arts equipment and have had some issues and are about to make some huge changes. I have to investigate what these issues are and how they can be resolved. Functional Areas AC1.1 Sales is transferring property, goods and services for a sum of cash.

PI: Maintain financial records One of the financial manager’s jobs in the One Stop DECA Shoppe is to keep separate binders throughout the year for information, such as check request forms, deposit slips, and daily money drops. Check request forms make it easier to see what the store needs to purchase. The store uses deposit slips to track weekly deposits. Each day the store is open, before workers can open or start selling, the financial manager must make a daily drop.

The IRS (Internal Revenue Service) is the council that manages the assortment of individual taxes and even tax concerns in America. The IRS motivates its people to do their obligation in paying their taxes regularly by enabling them pay through installments. A discontinued payment results in penalty and an interest close to 8-10% on a yearly time frame for taxpayers. IRS installment is a nice choice for locals in [City] who are driven in searching for money for their taxes to be paid out entirely. Implementing this procedure, they can pay adequate funds for the tax while not being pressured to settle their budget on other payments.

• The operations sector manages and supports the business. It includes admissions, rides and attractions and medical issues. However, it can often be seen as the “back office” because it takes care of the many background jobs as well and doesn’t come into contact with the customers, just works behind the scenes in order to help the business remain stable and run efficiently. The Operations sector also has to work with other sectors by using sales forecasts produced by the marketing sector to help plan their production

qualifications before being approved. Payouts for Medicaid, Medicare, and Social Security have increased since it is not always certain if a patient is malingering or not. Marcia Clemmitt’s article “Government Spending” explains how public budgets generate. She talks about how government and public spending differs. This article allows us to learn the more important taxes and the significant issues they have had with the budget resolution process.

Along with this particular social the issue, it is mandatory to suggest a few ideas on how the government

Throughout examining past budgets, it was noticed that states usually tend to shift their expenditures towards the future in order to meet their current period budgets, and this usually occurs with states that have strict balanced budget requirements. The positive aspect towards balancing this city’s budget was to make sure that the budget is spent equally and efficiently on areas that need more focus within the city, since the city does not want any tax increases it should be able to spend money on maintaining basic city services for the neighborhoods as well addressing issues such as pension benefits, employment, employee health benefits and so on. As for the negative aspect to balancing the City of Calma’s budget is that it may not be easy to deal with a budget if the city is going through an economic crisis, there might be a recurring form of deficit spending which causes a negative effect on the value of the dollar. Also, percentages of the budget are usually used in order to finance activities that produce a particularly negative effect on the economic activities. For example, many agencies have relatively small budgets but they enforce great costs on the economy’s private

What do pro forma financial statements show? There are various things Pro forma financial statement shows but first, let’s understand the word pro forma which means a financial statement based on projection and assumption of what the business future would be to determine what should be happening now. Pro forma financial statement can be thought of as a “Projected results for financial statements in the future, given assumptions about what will happen in the meantime” (Siegel & Yacht, 2009, p. 81).

This paper is also aimed at educating the public on the views of the federalists on the government and how each part functions in comparison to the other. The federal paper is an educative insight into the way the government structures and the general population being governed live together and function in such a way as to be an advantage to the other. The author in this paper goes ahead to evaluate the power struggles of the government bodies and how they relate to the general public as an indication of the need for set boundaries between government organs so as to completely avoid interference of one organ in another organ’s activities. FEDERALIST PAPER 39. The federalist paper number 39 by James Madison is another federalist view that looks into the government’s structure as a result of the constitutional stipulations other than the view of the federal and state governing laws.

An accounting memo should be a one-stop shop when it comes to forming a conclusion on an accounting issue. A company would reference an accounting memo to gather information regarding the transaction, accounting evaluation, and reason the position was taken on a problem or issue. The five critical components are listed below as a guide to prepare a professional accounting memo. I. Facts & Background • This section of a research memo is used to describe all the relevant background information to fully comprehend the needs of the transaction and the accounting behind it. •

To provide such goods as education, sanitation and parks, the government taxes their citizens to afford the public goods. Since the public goods are funded by the taxes of the citizens, then all the citizens have the right to benefit from them. In addition, the government establishes rules and regulations that benefit society in maintaining the environment safe from harm. Not many governments promote equality, but after gaining prominence in the twentieth century, promoting equality is the third major purpose of government in many different places. With the purpose of promoting equality, the government’s goal is to establish the concept of welfare state, civil rights and equality under the law.

Introduction The main objective of the paper is to develop a report for a shareholder that will interpret financial statements of Tesco Plc. for 2013-2014. The shareholder is specifically concerned about the fraudulent reporting. In this way, the paper will explain the reason of income statement and statement of financial position.