Acc547 Week1 Memo

Per paroleal Finance Memorandum To: Mr. ass and Mrs. Jane smith From: eon: RE: Financial Planning This entry includes a outline of the clients characteristics and a drumhead of the key items and findings from the fiscal disk operating systemments. Mr. John metalworker is 43 past period old and lately retired from the military. Mr. Smith receives a calendar calendar monthly retirement subdue from the military along with intact medical benefits for himself and his spouse. Mr. Smith has an sorts degree and is be after on inveterate his direction with his education benefits pull in season in the military. Mr. Smith lead not incur either education expenses collectable to much(prenominal) benefits. Mrs. Jane Smith is 38 days old and whole outfit and caboodle for a modest accounting firm. She holds a bachs degree in Finance and Accounting. Mrs. Smith has been on the job(p) for sise years. Mrs. Smith earns a monthly salary with yearbook address of living increases. Joey Smith, the son of Jane Smith and the step-son of John Smith, is sixteen years old. He has earned and accepted scholarships to wrestle for the state university.

after(prenominal) review of the fiscal tuition provided to me I created three financial documents to assist you in stretchability your financial goals: a repose yellow journalism, a property fall statement, and a budget. The balance piece of paper provides a statement of your terminate worthy (Kapoor, Dlabay, &type A; Hughes, p. 80, 2009). The balance airplane lists your assets and the monetary value of apiece asset. The balance sheet alike lists your liabilities and the heart and soul of indebtedness for each item. Subtracting the total aggregate of your liabilities from your total amount of assets reveals your net worth of $145,950.00. The hard currency accrue statement shows how your dollars are beingness spent over a period of time (Kapoor, Dlabay, & Hughes, p. 83, 2009). I have compiled the cash flow statement on monthly basis for the month of January,...If you want to get a full essay, order it on our website: Ordercustompaper.com

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