Get a life: project By: Elianet Hernandez Santana

vocabulary WordDefinition Income money received, especially on a regular basis, for work or through investments. Expense the cost required for something; the money spent on something. Gross Income 1. An individual's total personal income before taking taxes or deductions into account. 2. A company's revenue minus cost of goods sold. Net Income is an entity's income minus cost of goods sold, expenses and taxes for an accounting period. Fixed Expenses Fixed expenses or costs are those that do not fluctuate with changes in production level or sales volume. They include such expenses as rent, insurance, dues and subscriptions, equipment leases, payments on loans, depreciation, management salaries, and advertising. Important Words to Know …

Accountant Job Responsibilities: Provides financial information to management by researching and analyzing accounting data; preparing reports. Accountant Job Duties: Prepares asset, liability, and capital account entries by compiling and analyzing account information. Documents financial transactions by entering account information. Recommends financial actions by analyzing accounting options. Summarizes current financial status by collecting information; preparing balance sheet, profit and loss statement, and other reports. Substantiates financial transactions by auditing documents. Maintains accounting controls by preparing and recommending policies and procedures. Guides accounting clerical staff by coordinating activities and answering questions. Reconciles financial discrepancies by collecting and analyzing account information. Secures financial information by completing data base backups. Maintains financial security by following internal controls. Prepares payments by verifying documentation, and requesting disbursements. Answers accounting procedure questions by researching and interpreting accounting policy and regulations. Complies with federal, state, and local financial legal requirements by studying existing and new legislation, enforcing adherence to requirements, and advising management on needed actions. Prepares special financial reports by collecting, analyzing, and summarizing account information and trends. Maintains customer confidence and protects operations by keeping financial information confidential. Maintains professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; participating in professional societies. Accomplishes the result by performing the duty. Contributes to team effort by accomplishing related results as needed. Accountant Skills and Qualifications: Accounting, Corporate Finance, Reporting Skills, Attention to Detail, Deadline-Oriented, Reporting Research Results, SFAS Rules, Confidentiality, Time Management, Data Entry Management, General Math Skills

Task 1: Explore your occupation Occupation : accountant Yearly Gross Income ____65,080___ Monthly Gross Income __5,423.33____ Monthly Net Income ______4,068______ ExpenseAmount Monthly (include source also): Student Loan$1,100 Utilities (10% of your rent or mortgage) Electricitiy=$100 Water=$45 Internet=$20 Total=$165 Rent or Mortgage$200 Car Loan$300 Health Insurance$150 Savings (5% of your net income)500 Fixed Expenses:

Task 2: Create a budget ExpenseAmount BudgetedActual Amount All Fixed Expenses groceries Vehicle purchases Housekeeping supplies5060 Clothing and services enterteiment5065 Total Expenses Budget number: 1 Total income for the month: 4,068 Leftover Income Less expenses:3,518 Total amount in Saving account:200

Task 3: Determine your housing Rent: Monthly cost: ___ $545 ____ Percent of monthly income: ____$136.25____ Cost of utilities: ____$100______ Website used: timbers

Task 4: Determine your transportation car -Monthly cost: __$625______ Gas (Only for cars): ___$40 per week____

Task 5: Shop for your home Item to BuyWebsite UsedItem Amount Washer and Dryer $68.92 Bed 8ddZ8bv?qf=pricerange_Under+%24500pricerange_Under+%24500 $ Couch 8ezZ8bv?qf=pricerange_Under+%24500 $ Dresser 8dhZ8bv?qf=pricerange_Under+%24500pricerange_Under+%24500 $ Lamp $79.99 Microwave $49.88

Task 6: Plan a “Major Event” Major Event: _________my wedding_____ Cost:____$5.000_______ Income – Event: _________$4.500_________ Do you have money left over, or will you be short on your budget?________$2000 left______ How much money do you have in your savings? _______$3000_____ Minus your savings, now determine how much more money you need or how much money you have left over _____1.500____

Floor plan

Resourses car/default.html?id= &AVi=14&No=0&Rp=R&D=50&zip=28227&sP= &Q=9482dae0-8a5d b3f8-120e91df0231&Ep=search:results:results%20page ddZ8bv?qf=pricerange_Under+%24500pricerange_Under+% dhZ8bv?qf=pricerange_Under+%24500pricerange_Under+%

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