Accounting Assignment Example | Topics and Well Written Essays - 1250 words - 6

Accounting - Assignment Example b) If we were to compare the 2013 Income Statement with the 2013 Statement, we would find that Helen Harris Handbags had a decline in profitability of  £69127. Various reasons can be outlined for this decline in profits. Some reasons can be identified through an Income Statement others may be issues affecting the business such as increase in competition, recession in the markets etc. However, looking at the Income statement alone, we can see a sharp increase in Marketing Expenses of the year 2013, as well as a slight fall in Total Sales. Other expenses have increased as well, but marginally. As total sales have fallen, inventory has gone up. The fall total Sales might be matter of concern for the business, especially since Marketing Expenses have increased. a) The Balance Sheet of a business is used to show the â€Å"net worth† of a company at a given point of time. (e-conomic(UK), 2014). It is particularly useful in monitoring the health of the company that is what the business owes and what it is owed. The Assets and Liabilities are the two main sections in a Balance Sheet and are always equal. The Balance Sheet is divided into two parts as mentioned above, and into various sub parts which include Fixed Assets, Working Capital, Current Assets, Equity or Shareholders Stake (which includes any profit/loss and drawings) b) In the case of Helen Harris Handbags, Inventory has increased, that has been the result of fall in Sales (discussed earlier). However, a matter of concern is a huge increase in Bank Overdrafts from 2012, in 2013. This tells us that business has increased its debts considerably since last year. There is an increase in the Debtors as well. a) The purpose of the Cash Flow Statement is to evaluate the cash inflows and outflows of a business during a financial period. (e-conomic(UK), 2014). The main avenues of Cash Inflows and Outflows can be described in

Terrorist Finance Tracking Program Essay Example | Topics and Well Written Essays - 500 words

Terrorist Finance Tracking Program - Essay Example According to  Terrorist Finance Tracking Program: Fact Sheet  (2006),   The United States â€Å"Treasury department is uniquely positioned to track terrorist money flows and assist in the broader US Government effects to uncover terrorist cells and map terrorist networks here at home and around the world† (PP. 4). In order to ensure the success of this program utilizes SWIFT. According to  Legal Authorities Underlying the Terrorist Finance Tracking Program  (n.d. ). â€Å"SWIFT-a Belgium-based company with U.S. offices that operates a worldwide messaging system used to transmit bank transaction information- seeking information on suspected international terrorists† (PP. 6).The United States government uses subpoenas in order to view this information. Based upon the terms of the subpoenas the United States government is allowed to view this information only in regards to suspected terrorist investigations. The information obtained by SWIFT is legally obtained in accordance with The International Emergency Economic Powers Act. The International Emergency Economic Powers Act was established in 1977. The President only during a time of national emergency may put forth this act in order to investigate financial transfers by means of banks and other relevant financial transactions in reg ards to a foreign individual suspected of being associated or being a terrorist. In regards to the September 11th 2001 terrorist attacks former United States president George W. Bush issued executive order 13224 declaring an international emergency as future terrorist attacks were suspected. Subpoenas issued are in compliance with the United States Constitution’s fourth amendment as investigations of potential terrorists and relevant documents to terrorism are obtainable through subpoenas issued by Congress. In addition neither The Foreign Intelligence