This case is aboutÂ ACCOUNTING
PUBLICATION DATE: July 17, 2013 PRODUCT #: W13292-HCB-ENG
Smith Family Financial Plan (A) case solution
Amber Smith and Joel are not unaware of these cash flow issues, however do not understand where their money goes to and struggle to develop financial targets. They have contacted a financial advisory company to aid them create realistic future targets and develop a policy.
The Smiths face fiscal complexities common to young families together with saving for their retirement and kids schooling, paying down credit card debt, paying down (and perhaps refinancing) their mortgage, purchasing a brand new vehicle, and supplying decent health care insurance.
Pupils are tasked with playing the part of the financial advisor of the family and helping them bring their finances in check. These are able to be utilized in different 75- to 90-minute courses, with Smith Family Fiscal Strategy (A) covered in the midpoint of the class and Smith Family Fiscal Strategy (B), merchandise 9B13N006, covered close to the end. Instead, it may be utilized as a two-part important duty, with Part (A) as the first important entry and Part (B) as the second. Nathalie Johnstone and writers Brian Lane are affiliated with University of Saskatchewan.