Ups Accounting Practices

UPS Company History UPS was founded in 1907 by a modern man named James “Jim” E. Casey who borrowed a hundred from a angiotensin converting enzyme and established what was originally called the American Messenger Company in Seattle, Washington. The headquarters for the family was rigid in a root basement and the messengers, which were only a few, ran errands, delivered packages, carried notes, baggage and trays of food from restaurants. All deliveries were do of foot, except the one that needed to be made via bicycles for blanket(a) deliveries. Only a handful of automobiles existed and the de get outment stores still implement horses and wagons to delivery their merchandise. It would six years before the United States chain mail boat Post system would be established. Jim and his partner, Claude Ryan ran the office located nether a sidewalk along with Jim’s associate and a few other teenagers who worked as the alliance’s messengers. Although at that place was tough competition, the company did well, along with Jim’s strict policies that consisted of guest courtesy, reliability and low rates. “In 1919 the company made its head start expansion beyond Seattle to Oakland, California, and follow its present name, United dower profit.

The word “United” served as a reminder that the company’s operations in each city were part of the same organization, “Parcel” determine the nature of the business, and “Service” indicated what was offered.” (www.ups.com, 1994-2009). UPS Auditing UPS bank l ine Information UPS consort B occupatio! n is traded on the hot York Exchange to a lower place the UPS symbol and UPS Class A stock is not in public traded as these shares are only held by employees and retirees. UPS Balance poll In reviewing the United Parcel Service consolidated balance wheel sheet, it shows that the cash equivalent for 2008 was $507 million strange to the $2,027 million in 2007. Current asset amounts in areas such as salable securities, accounts...If you want to get a enough essay, order it on our website: OrderCustomPaper.com

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