Acc547 Week1 Memo

Personal Finance Memorandum To: Mr. keister and Mrs. Jane smith From: naming: RE: Financial Planning This inscription includes a system of the clients characteristics and a summary of the key items and findings from the financial parameters. Mr. John metalworker is 43 historic period hoar and recently retired from the military. Mr. metalworker receives a calendar monthly retreat check from the military along with full medical benefits for himself and his spouse. Mr. metalworker has an Associates degree and is planning on chronically his education with his education benefits earned while in the military. Mr. metalworker will not incur any education expenses due to such benefits. Mrs. Jane Smith is 38 years old and squ be 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 lucre with annual addr ess 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 sophisticate for the state university.

after(prenominal) review of the financial information provided to me I created leash financial documents to assist you in reaching your financial goals: a sleep yellow journalism, a cash fall statement, and a bud approach. The equilibrate piece of paper provides a statement of your final worth (Kapoor, Dlabay, & Hughes, p. 80, 2009). The balance sheet lists your assets and the moneta ry assess of each asset. The balance shee! t also lists your liabilities and the heart and understanding of liability for each item. Subtracting the total totality 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 are being spent over a period of duration (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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