simposioco2012.com The next chapter will discuss financial techniques

Described forms of project budget and departmental budget. The next chapter will discuss financial techniques used in setting criteria for the selection of project proposals to maximize profitability. Non-financial criteria will be used to ensure that the potential new products are such as to contribute to the corporate plan. Appendix 3.1 Double Entry Bookkeeping Joe Bloggs decides to start a small import - export business. His financial transactions during the start-up period are listed below in the first column and are identified by capital letters. Place a sheet of paper across the page under row A and post the transaction in the second column as described in Chapter 3. Move the paper down to row B and check your answer against the correct one now exposed in the third column. Repeat through to transaction E then see if you can list the balances to agree with those shown. Joe then begins active trading and his first period transactions are listed below. Post his figures on a copy of the table below. They follow on from the first set and the opening balances are already entered. F

+1 112 18 1111123
+1 111 18 1111113
+1 115 18 1111153