You    are    a    member    of    a    project    team    for    the implementation of a new bank reconciliation accounting software for your company. Due to the size of your company, the daily transaction volumes are over 5,000.    The   project    team    has    narrowed    down    five    suppliers    for    the    software.    From    these you are required to make your input as to which would be the most suitable for your company.  we selected a software, BANKDOC1. At implementation, the information was correctly loaded to the system and the daily reconciliations were performed accurately. During week 2, your Bank communicated that there would be a change in their system as they    were    now    utilizing    a    new    platform.    As    such,    some    of    the    required    fields    for    BANKDOC1 would now be eliminated on the Bank side. Required: - Define the problem. - What are the core issues? - What actions would you take to solve the problem?

Please watch the following video, which introduces you to the concepts of horizontal and vertical analysis. The first 6 minutes defines these concepts, after which the professor in the video discusses an example of their usefulness for assessing theft and locating unrecorded revenues.   Accounting: Horizontal & Vertical Analysis (13:13 min) Once you have watched the video, write a paragraph that includes the following components:   Define horizontal and vertical analysis in your own words. Explain why horizontal and vertical analysis can be valuable to a company. Describe how it might apply to either your own employer or another business you know of.

If you don't mind using the second image to format the problem on the first that would be awesome thank you

Next, consider the case of Washburn Flooring Company: The management at Washburn Flooring has determined that it takes an average of 6 days for checks the company writes to clear its bank account. Cash receipts from customers are reflected in Washburn's bank account an average of 2 days after the checks are received. On an average day, Washburn writes checks that total $40,000, and it receives checks from customers that total $50,000. Compute the collection float, the disbursement float, and the net float in dollars in the following table. (Note: By definition, collection float is always considered negative, and disbursement float is always positive. Both should be shown as positive numbers here. The net float, however, should be shown as positive if it is favorable and as negative if it is unfavorable.) Washburn Flooring Company Float Calculations Collection float Disbursement float Net float Given this information, you can deduce that on an average day, Washburn Flooring's bank…