FIC - 1st MT

JUMANJI

FINANCIAL INFORMATION CONTROL

START

RULES

PLAY

• Make 4 teams; each one chooses a character.
• Wins the team that gets to the center first.
• Roll the dice to know how many spaces you must advance.
• The marked spaces have surprise events.

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SUSPENS

Players

Roll the dice

Restart

JUMANJI

Congratulations! You have reached the golden city, you win the game if you answer correctly...

A game for those who seek to find a way to leave their world behind.

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You have great flexibility, move forward one space.

You are very strong, roll the dice again.

Every month at the quarter moon. There'll be a monsoon in your lagoon. You lose the next turn.

Courage is not the absence of fear, but the triumph over it. Move forward two spaces.

You got scared and ran away. Move back two spaces.

They grow much faster than bamboo. Take care or they'll come after you. You lose the next turn.

A law of Jumanji having been broken. You will slip back even more than your token. Move back two spaces.

A hunter from the darkest wild. Makes you feel just like a child. Move back one space.

You have amazing jungle skills, roll the dice again.

This will not be an easy mission. Monkeys slow the expedition. You lose the next turn.

Don't be fooled, it isn't thunder. Staying put would be a blunder. You lose the next turn.

You are very brave, move forward one space.

Don't be fooled, it isn't thunder. Staying put would be a blunder. You lose the next turn.

You have amazing jungle skills, roll the dice again.

Beware of the ground on which you stand. The floor is quicker than the sand. You lose the next turn.

You got hit by a heatwave. You lose the next turn.

His fangs are sharp, he likes your taste. Your party better move poste haste. You lose the next turn.

You have amazing running skills, move forward one space.

You have memory loss, move back one space.

The jungle has been rough on you. You get a free pass card (you can skip answering the question of your choice).

You have great survival skills, move forward one space.

You got injured and need to rest. You lose the next turn.

Need a hand? Why, you just wait. We'll help you out... we each have eight. Move back one space.

At night they fly, you better run. These winged things are not much fun. You lose the next turn.

Petty cash increase of $500 (ch. 45).

Define petty cash.

Petty cash reimbursement of these expenses: Gasoline $232 Photocopies $100 Books $116

Petty cash decrease of $1,000 (sales department).

The petty cash manager receives the invoice regarding the payment of gasoline for $232.

The petty cash manager issues voucher 5 regarding the payment of gasoline for $232.

Petty cash creation of $1,700 (sales department).

True or false: Petty cash must always be less than $5,000.

Name the reconciliation items.

Write down the structure (elements) of the preliminary bank reconciliation.

What items are included in the final bank reconciliation?

What is a bank reconciliation?

True or false... Bank reconciliations should be done for every single bank account of the company.

Debit in the subledger and not shown in the bank account statement: Jan 31 - Deposit from customer - $4,500.

The (beginning/ending) balance of the subledger matches the (top/bottom) balance in the preliminary bank reconciliation.

Debit in the bank account statement and not shown in the subledger: Jan 31 - Bank commission of $58.

What type of expense is comprised in the goods in transit?

What is internal control?

Debit in the bank account statement: Jan 11 - Payment to supplier $5,000. Shown in the subledger as: Jan 11 - Payment to supplier $500.

True or false... Memoranda accounts are only used for cash import purchases. Explain your answer.

What are INCOTERMS?

What is the allowance for uncollectible accounts?

AUA has a debit balance of $1,500 and the company estimates at the end of the month that it should amount $3,700.

Payment of adm. dep. payroll: Salaries: $70,000 ISR: $10,000 IMSS: $800

The bank notifies the protesting of a document worth $5,000 by charging $5,232 to the company. It will try to recover the commission from the client.

What are goods in transit?

Payment of custom taxes: DTA & tariff: $2,000 VAT: $3,500

Payment of last month's taxes. Consider these balances: VAT payable (pending): $400 VAT to credit: $600 Taxes payable: $200 VAT pending to credit: $500

What are memoranda accounts?

The bank notifies the protesting of a document worth $5,000 by charging $5,232 to the company. It will try to recover the commission from the client.

The (beginning/ending) balance of the bank account statement matches the (top/bottom) balance in the preliminary bank reconciliation.

True or false... The final bank reconciliation only shows in transit items.

The company requested 50 items at $50,000 from the Chiapas supplier.

True or false... The preliminary bank reconciliation only shows in transit items.

The company requested the discount of a note receivable worth $3,000.

The bank notified that the note receivable was duly paid by the client. DNR = $2,000. Prepaid interest = $50.

The bank notified that the note receivable was not paid by the client on the due date. DNR = $2,000. Prepaid interest = $50.

The client filed for bankruptcy and will not pay the debt of $3,800.

The company buyed 50 items on credit from Rhino, Inc. for $2,000 USD. FER = $20.

The company requested the discount of a note receivable worth $3,000. The bank deposited $2,850.

The company requested the discount of a note receivable worth $3,000. The bank deposited $2,750 and charged a commission of $116 (including VAT).

Payment of custom taxes: DTA & tariff: $1,000 VAT: $1,900

The Chiapas supplier notified the shipping of 50 items that were previously requested and paid by the company with bank transfer no. 764 for $11,600.

The NY supplier notified the shipping of 50 items that were previously requested and paid by the company with bank transfer no. 322 for $11,600.

The preliminary bank reconciliation showed that the company didn't recognize the payment of the accountant's fees of $1,500.

The company invested $2,000 at the beginning of the month and the preliminary bank reconciliation showed it received back $2,030 at the maturity date.

The company starts this month with a debt of $200 USD with a foreign supplier (FER: $20). On day 5, it bank transfers $100 USD (FER was $19.50).

The company starts this month with a debt of $200 USD with a foreign supplier (FER: $20). On day 5, it bank transfers $100 USD (FER was $20.50).

True or false... AUA has a debit nature.

True or false... DNR has a debit nature.

True or false... DNR are a short-term asset.

True or false... AUA analysis is only advised in medium and large companies.

The company ends this month with a debt of $200 USD with a foreign supplier (valued at a FER: $20). On day 30 FER was $20.50.

The company ends this month with a debt of $200 USD with a foreign supplier (valued at a FER: $20). On day 30 FER was $19.50.

The company paid the merchandise insurance of $70 USD to MetLife, Inc. (FER: $19).

The company paid the merchandise insurance of $700 to Surito, S.A.

The bank notified that the note receivable was duly paid by the client. DNR = $3,000. Prepaid interest = $90.

The bank notified that the note receivable was not paid by the client on the due date. DNR = $3,000. Prepaid interest = $90.

Why is the insurance of the goods in transit not registered as "prepaid insurance"?

The bank notified that the note receivable was not paid by the client on the due date and proceded to charge $3,200 to the company. DNR = $3,000. Prepaid interest = $90.

The preliminary bank reconciliation showed that the company didn't recognize correctly the payment of the lawyer's fees (they recorded $1,000, but it was $10,000).

The company buyed 30 items on credit from Monkiki, Inc. for $2,000 USD. FER = $19.

True or false... INCOTERMS are mandatory worldwide.

AUA has a debit balance of $300 and the company estimates at the end of the month that it should amount $1,000.

The company had a debt of $200 USD with a foreign supplier (valued at a FER: $20) and pays it completely on day 13 (FER: $18).

AUA has a balance of $1,500 and the company estimates at the end of the month that it should amount $3,700.

AUA has a balance of $3,700 and the company estimates at the end of the month that it should amount $1,500.

The client filed for bankruptcy and will not pay the debt of $700.