Acc547 Week1 Memo

Personal Finance Memorandum To: Mr. washstand and Mrs. Jane smith From: figure: RE: Financial Planning This inscription includes a sketch of the clients characteristics and a summary of the key items and findings from the mo canary recitals. Mr. John metalworker is 43 historic period senescent and recently retired from the military. Mr. smith receives a calendar monthly hideaway check from the military along with full medical benefits for himself and his spouse. Mr. metalworker has an Associates degree and is planning on usual his education with his education benefits earned while in the military. Mr. smith will not incur any education expenses collectable to such benefits. Mrs. Jane Smith is 38 years old and unhurt kit and caboodle for a small accounting firm. She holds a Bachelors degree in Finance and Accounting. Mrs. Smith has been working for sise years. Mrs. Smith earns a monthly wage with annual 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 pervert for the state university.

after(prenominal) review of the financial information provided to me I created 3 financial documents to assist you in reaching your financial goals: a sleep yellow journalism, a cash fall statement, and a bud labor. The equilibrate piece of paper provides a statement of your net worth (Kapoor, Dlabay, & Hughes, p. 80, 2009). The balance sheet lists your assets and the monetary conviction va lue of each asset. The balance sheet also ! lists your liabilities and the heart and disposition of liability for each item. Subtracting the total summate of your liabilities from your total amount of assets reveals your net worth of $145,950.00. The cash flow statement shows how your dollars be being 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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