Btn 7 - Geiger

BTN 7-4 – Page 312 TO: Wendy Geiger DATE: June 19, 2011 SUBJECT: Manual Accounting Modifications for Expanded Business M E M O R A N D U M This memo is to advise you of the best possible ways for you to modify your current manual accounting system to accommodate the expanded business activities for your retail store. Pursuant to our conversation, you generally obtain your goods on credit using purchase orders, and your sales are primarily cash. You currently keep your manual accounting system using a general journal and a general ledger, and you make one summary entry for cash sales at the end of each business day. Due to increased demand for your products and higher sales volume, including credit sales, maintaining the accounting records has become time consuming, but you would like to continue with your manual system. Allow me to provide pertinent information that will assist you in continuing your manual system in the most efficient way. The accounting information system is one that collects and processes relevant data from transactions, and organizes them into relevant reports. This system is also used to report and record the exchange of goods and/or services. It is critical for you to understand how and what transactions are occurring in your business. A small business like yours can be effective with a manual process and with the use of special journals and subsidiary ledgers. With the issues you mentioned in mind, most of your transactions can be categorized into the special journals with the use of four individual journals to complement the general journal you are currently using. Special journals are used to record and post transactions, and are uniquely designed for each business, but for most merchandising companies, the journals used are sales journals, for recording sales on credit; cash receipts journals, to record sales made by cash; purchases journals, for recording goods obtained on credit; and cash disbursements journals, for recording payments made by cash. You are also able to use this format for your ledger. In order to understand special journals, it is necessary for you to understand that a subsidiary ledger is a list of detailed information on specific accounts of individuals with some commonality in the general ledger. One critical ledger is Accounts Receivable, which stores transactions of individual customers. This ledger will give relevant information on the individual customer, the date of purchase, the amount paid, and the amount owed. The other important ledger is Accounts Payable, which stores relevant data of individual suppliers. You would generate this ledger with similar information gleaned from my instructions regarding the Accounts Receivable ledger. These two ledgers are critical for recording your data, and they eliminate the need for posting same in the general ledger. The numbers at the bottom indicate the respective accounts delineated in your Chart of Accounts. You are already summarizing each cash sales at the end of each business day, but my advice would be for you to continue recording the daily sales and purchases because it is necessary for you to balance your subsidiary ledger with your general ledger. Daily reconciliation will enable you to track any and all discrepancies more easily. Total your sales journal accounts at the end of each month and this amount should be the amount in the debit column in the Accounts Receivable. Regarding the last column, you will find more consistency in your inventory system if you follow this procedure. I cannot stress the importance of proving the account balances in the general ledger and subsidiary ledgers periodically for accuracy after posting. You will first prepare a trial balance of the general ledger and confirm that all your debits are in balance with your credits. Additionally, Prepare a schedule of individual accounts and amounts. This is referred to as testing the subsidiary ledger. Generate a schedule of your customers accounts to show the balance owed. If everything balances, the accounts are assumed correct. This method of accounting information system might seem challenging to you at first, but I assure you that this is the most advantageous way for you to maintain your manual system. It is imperative you balance your journals and ledgers every day, without fail, to avoid any unnecessary discrepancies. The example I have provided should be a head start and I am always available if you need additional information, or if I can be of further

Literature review Research Paper Example | Topics and Well Written Essays - 3000 words

Literature review - Research Paper Example Studies where there was no MRSA screening were also excluded because these studies did not offer the information needed to address the major goal of this review. In addition, studies where MRSA infection was not confirmed by microbiologic techniques were excluded because this review was designed to study only patients that were confirmed to carry the infection after both screening and microbiologic techniques. Based on the findings from the cases in the literature, the broad problem was that too many patients are transmitting Methicillin resistant Staph aureus in ICU. Specifically, the literature aimed to provide evidence for the question, â€Å"Would the high transmission rate decrease if screening in adult patients was conducted upon admittance to the ICU unit as opposed to not screening?† This problem is important to pursue because it affected patient outcomes including the length of stay and complications from other illnesses. This problem also had a potential impact on th e quality of treatment due to overcrowding and understaffing. The costs were also affected since the hospital was forced to use more money for testing, medicine, and housing patients. Finally, the access to needed medications was limited, and ordering caused further delays. For the purposes of this study, the patients in each case study were limited to adults who were admitted to the ICU section. Children were not included in any of the studies regarding MRSA, and patients in other sections of the facility were also excluded. The following review placed eleven case studies into discussion, focusing on the interventions, comparisons, and outcomes of the studies. Each study included a report on the interventions used for that study, with interesting results from each case study. Clancy, Grepler, Wilson, Douglas, Johnson, and Price (2006), used swab samples which were obtained upon admission to ICUs and weekly thereafter patients who tested positive from nasal or clinical specimens wer e placed in contact isolation, even after readmission DNA fragments were analyzed for similarity of banding PFGE patterns. Dalla Valle, Pasca, De Vitis, Marzani, Emmi, and Marone (2009), also gathered swab samples, although they obtained the samples upon admission and twice-weekly thereafter. Patients who screened positive received isolation and/or antibiotic or colonization therapy. Honda, Krauss, Coopersmith, Kollef, Richmond, Fraser, and Warren (2010), conducted nasal screening, and had the patients who screened positive had contact precautions implemented with no antibiotic or colonization therapy. Clancy and Dalla Valle would have probably described Honda’s practice as irresponsible since antibiotics were not administered and patients were not relocated to a secluded area. This made the study ineffective, because there was no way to prevent the spread of MRSA between patients in the ICU. Other case studies that used the swab method included Lucet, Paoletti, Lolom, Paugam -Burtz, Trouillet, Timsit, Deblangy, Andremont, and Regnier (2005) used nasal swabs to obtain within 24 hours at admission and weekly thereafter. Although once a week was a consistent testing window, the case study probably would have generated far stronger results if testing had been conducted at lease twice a week. Contact precautions were implemented in MRSA positive patients. Another method used to determine MRSA was the standard culture method. Cunningham, Jenks, Northwood,

Supreme court cases Case Study Example | Topics and Well Written Essays - 500 words

Supreme court cases - Case Study Example The victims are twelve Nigerians who have appealed to use the law recognized as Alien Statue in a civil case filed against companies that produce oil and were held responsible for being involved in the atrocities that took place during 1992 and 1995. Another major case that has been highlighted and is to be reviewed by the Supreme Court on tenth of October is Fisher v. University of Texas At Austin case, the case focuses upon racial discrimination in admission conducted at the undergraduate level. The case focuses on whether it is constitutionally acceptable to use such means while providing admission. The third major case is Florida v. Jardines and Florida v. Harris which will be heard by the judge on October 31st, this case is regarding the fourth amendment rights related to illegal searches done by law enforcement officers. In this case it is to be decided whether the Fourth Amendment right of the home owner was violated when a dog trained for narcotics detection purposes sniffed drugs outside the home. Another major case related to business that is to be reviewed by the Supreme Court on November 5th is Comcast Corp v. Behrend, in this case the judges have to decided whether Comcast Corp should be decertified or not for charging more than normal prices for providing cable TV service as it is the company enjoys monopoly in the area of Philadelphia. On November 26th the Supreme Court is going to review the case of Vance v. Ball State University, in this it is to be decided whether an employer is to be held responsible for the harassing activities conducted by his/her supervisor within the organization. The situation is such that the supervisor had limited power over the employee and the task of promoting, hiring and firing the employee was handed over o the supervisor. One case that the Supreme Court has accepted to review during the period of 2012