ipl-logo

Jpc Accounting Manual Summary

744 Words3 Pages

1.1.1 Scope of the Manual
The manual deals with all accounting and bookkeeping procedures of The Jerusalem Princess Basma Centre (JPBC) (thereafter). It does not deal with personnel, administrative, or promotional and operation activities. The manual only deals with the accounting issues associated with such matters.

1.1.2 General
The purpose of the JPBC Accounting Manual is to state the accounting policies and procedures adopted by the JPBC’s management. It is the JPBC practice to produce accounts at monthly, quarterly, or annual intervals which reflects the activity /reporting structure. The monthly and quarterly accounts produced at various levels. So, those who are responsible for each level provided with the financial information needed to manage the …show more content…

Adult Physiotherapy Dept.
3. Inclusive School
4. Sheltered Workshop
5. General Management / Administrative Operations (incl. Human Resources, Procurement, Guarding, housekeeping, Kitchen, maintenance, & Admissions office)
6. Finance Dept.
7. Programs Department

The cost center level is the lowest organization unit “accounting center” and all transactions are recorded on that level. Throughout the JPBC there is a common chart of account, included in this manual, which identifies: income, expenditure, asset or liability within each department. Excluding the fixed assets, for those all charged to the general management cost center. Compliance with stated procedures is mandatory, except concerning special agreements with the General Director and the Board of General Directors that should be in writing (paragraphs 1.1.4.0).

1.1.1 The Manual
This Manual divided into three main segments “parts”:
Part Number One, dealing with the accounting matters and includes six chapters respectively focusing upon; Overview, payment, expenses, income & funds, payroll, bank accounts, and fixed assets.
Part Number Two, dealing with the Donor accounting.
Part Number Three (Separate), dealing with the Internal control

Show More
Related

  • Eswc Week 4 Clc Case

    498 Words  | 2 Pages

    These costs can be both personnel and non-personnel and both direct and

    Read More

  • Hcs/531 Week 4 Health Care Paper

    1417 Words  | 6 Pages

    When being placed in the role of a manager, it is important to understand the finances of the organization and how to read and understand the recording of finances. It is also important to understand how all the different parts of the records fit together to give us the knowledge of where the business is financially. Knowing also the different responsibility centers related to financial recording and how they function is important as a manager. Once a manager understands what and where items belong on a balance sheet, they will better understand the state that the business is in. “It provides you with a picture of the financial health of your practice or organization on a certain date.”

    Read More

  • 30901 School Charter Draft: Objection Process

    771 Words  | 4 Pages

    4. School Culture and Operations: Admissions, student code of conduct, discipline structures, attendance requirements, process and due process for student dismissal, grievances and parent complaints, population size, attendance zone, student recruitment, and student onboarding. 5. Academic Programming: Curriculum, project based, community based, academic advancement, State and Federally Mandated programming, 504, IEP and ELL services, assessments methods, instructional guidelines, STEAM/STEAM, compliance with state and federal mandates, summer programming, data cycles and

    Read More

  • White City's Case Study

    270 Words  | 2 Pages

    A vast number of residents in the area are employed in nearby Medford, where the senior care and service industries are in constant need of employees. Served by three school districts,

    Read More

  • Macy's Accounting Principles

    185 Words  | 1 Pages

    a) Accounting policies and comparison with international accounting standards: Net sales, cost of sales, gross margin, expense, operating income, interest income, taxes, cash, assets, long-term and short-term liabilities, Properties, common stock dividends, total shareholder’s equity are all the accounting policies. All of those and other financial data be used in preparing the Macy’s financial reports. In the section of the common stock. The company’s Board of Directors has the discretion of the declaration and payment of future dividends.

    Read More

  • Finance Case Study: The Wilkerson Company

    895 Words  | 4 Pages

    Abstract The Wilkerson Company started facing declination in profits due to the price cutting on their pumps. On the contrary, while the price pumps were decreasing to record numbers, the flow controllers, which controlled the rate and direction flow of chemicals, could increase its prices without significant loss or any competitive response. Wilkerson, his controller, and manufacturing manager developed an activity-based cost model (ABC) to better comprehend the various demands that each product line makes on the organization 's indirect and support resources. Exhibit 1 showed us our operating results, Exhibit 2 showed us our product profitability analysis, Exhibit 3 displayed our product data, and Exhibit 4 was a compilation of the monthly

    Read More

  • Wgu Audit Task

    529 Words  | 3 Pages

    Ensure that the property, plant and equipment exist and are genuine assets of the business and are beneficially owned by the business and any restrictions, pledges or liens on the property, plant and equipment are identified and adequately disclosed in the financial statements. At the same time, have to prepare fixed assets schedule as to attachment for this section. Test the mathematical accuracy, agree opening balances to prior period working papers and agree closing balances to the nominal ledger and investment ledger where maintained. Vouch against invoices, contract notes, and agreements for any additions or disposals in order to ensure that all property, plant and equipment are included in the balance sheet and gains or losses on realization of property, plant and equipment are correctly stated. In additions, ensure the property, plant and equipment are properly disclosed and

    Read More

  • Explain How Disability May Affect Children's Development

    610 Words  | 3 Pages

    This might include people like teaching assistants or Sen TA to provide support and train staff. These can be one on one for children each day to help them. Assitive Technology - This could be where a child may not be able to hold a pen or write but they could use maybe an ipad to use a speical txt typing programme, this could also be they have special hear aids to hear. Health Visitors - These are usually seen to check the weigh and height how well being of a child they can sometimes monitor a child if they are in need of any help.

    Read More

  • Home Depot Financial Analysis

    365 Words  | 2 Pages

    Edmonds, T. P., Tsay, B., & Olds, P. R. (2011). Fundamental managerial accounting concepts (6th ed.). New York, NY: McGraw-Hill

    Read More

  • The Importance Of Accounting Memo

    1616 Words  | 7 Pages

    Analysis • This section is regarded as the most critical step in writing an effective accounting memo by bringing together the required facts of the research, any supporting authoritative literature, and an accountants overall evaluation before forming a conclusion. • Analysis includes information from relevant guidance, along with an accountant’s own words about how the guidance is applicable. • The memo should contain enough authoritative guidance that the user will not need to perform additional research in the Codification. • Make sure to utilize the concept known as the “guidance sandwich.”

    Read More

  • Carroll University Hospital Case Study Solution

    869 Words  | 4 Pages

    Based on this case the cost driver is to properly distribute the direct cost among the different divisions. Dr. Julian would like to control her departments costs by having them distributed fairly among the divisions without affecting the hospital’s reimbursement/revenue. Carroll University Hospital is currently using the standard costing unit, which is based on the cost of bed/day for inpatients. Currently the present cost accounting system that is being used at CUH takes the total direct cost of the departments, then allocates the indirect costs and distributes it among the departments evenly regardless of the actual resources being used in those departments, and without considering that there may be some patients in these divisions that may require more resources than others, this method does not seem to recognize the different activities,

    Read More

  • Tesco Accounting Report

    1656 Words  | 7 Pages

    Also many companies reporting related to the state of the value added or environmental information, these are concentrated in industrial sectors. The financial statements reflect the financial position of company, financial performance and cash flows of the company, it is significant to note that the correct depiction of the impacts of transactions and other events and circumstances according to the explanations and criteria identification of assets, liabilities, income and expenses go in the same outline (Brealey,

    Read More

  • Accounting Information System Literature Review

    1372 Words  | 6 Pages

    This data can be used to preparing the accounting statement and reports. (Fontinelle, 2017).Accounting Information System is used for to produce the external stories related to the financial statement, supported through routine activities, Decision Support and Planning and Control, Implementing internal control. Accounting Information roles are classified into External Auditor, Tax Accountant, Consultant and Internal Auditor, Business Analyst, Budget analysts, Financial Analyst, controller and Accounting Clerk. It is discussing the future, and current role of Accounting Information system is analyzing by accountant responsibility and financial

    Read More

  • The Importance Of Accounting In Personal Finance

    748 Words  | 3 Pages

    However, in personal finance, cash accounting is often used to define and account for events when the cash changes hands. This practically implies that in personal finance, incomes and expenses are noted when the cash is received or paid, or when the cash actually flows. In managing personal finance, the accounting process in crucial in that it records personal transactions of what flows in and what flows out. As checkbooks records most transactions with statement from bank carrying others, this accounting transaction information is summarized in financial statement and can easily be read most efficiently. Furthermore, the summary report of the income statement, cash flow statement, and balance sheet clearly show one’s personal financial status paving the way for better managing personal finance.

    Read More

  • Self Reflection In Financial Management

    1051 Words  | 5 Pages

     Income data (experiences, estimates of sales, fund rising, membership etc and planned activities).  Data come from previous budgets, estimates, experience of others and public available statistics. I was also able to identify the main uses of accounting and these are as follow:  Information All organizations need to keep records of their financial transactions so that they can access Information about their financial position, including: summary of income and expenditure, the outcome of all operations, assets and liabilities.

    Read More

More about Jpc Accounting Manual Summary

Open Document