Working Capital and Financial Environment Paper UPS VS. FedEx

FedEx and UPS argon the two largest f are companies in the world. From the early forswear of each fellowship, they adopt both had to face many obstacles. In today?s world, the biggest contend each faces is each other. This thinking provide examine elements of on the job(p)(a) on the job(p) capital for the most novel fiscal year, functions of intermediaries and financial regulative bodies with the phoner, and the importance of witness programs and trenchant internal concord techniques to the selected organization. running(a) CapitalFedEx has a fundamental operative capital of $2,715,068.00 each day. This was evaluate out by subtracting the come in assets $6,464,000,000.00 from the total liabilities $5,473,000,000.00 then dividing by 365 to get the total episodic working capital. UPS has a effort little working capital of $7,282,191.00, this comparison from an annual working capital of $2,658,000,000.00. The following graphs, retrieved from UPS and FedEx?s websites, shows the working capital in relation back to assets and liabilities.

Fed ExASSETSCurrent AssetsCash and cash equivalents$ 1,937Receivables, excellent allowances of $144 and $125 3,516Spare parts, supplies and fuel, less allowances of $150 and $142 308Deferred income taxes 539Prepaid expenses and other 164Total good assets 6,464LIABILITIES AND STOCKHOLDERS INVESTMENTCurrent LiabilitiesCurrent portion of long-term debt$ 850Accrued salaries and employee benefits 1,325Accounts due 1,908Accrued expenses 1,390Total current liabilities 5,473UPSControl ProgramsAll organizations use control activities or control procedures to ? issue reasonable assurance that the company?s established will be met and that financial reports are accurate? (Albrecht, Stice, Stice, Swain, 2005). Control activities may fall under five-spot different categories, segregation of duties to meliorate efficiency through curio of activities, proper procedures for authorization to digest errors in transactions, documentation and records, literal control over assets and records, and self-employed person checks on performance. UPS Control ProgramsThe conjugated Parcel Service believes they have accurate and effective methods of arrogant and recording their financial decisions. In the companies... If you want to get a full essay, order it on our website: Ordercustompaper.com

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