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Corporate Financial Statements
Corporate Financial ments Corporate financial ments are the formal financial reports that are made in relation to the financial activities of a business entity or a financial firm. All the relevant information in terms of the financial activities that take place in a specified financial period is disclosed in corporate financial statements. Therefore, corporate financial statements give a brief outlook of the short and long term financial profitability and ability of a financial firm or company. ...
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Project -Financial Statements Analysis
PROJECT -FINANCIAL STATEMENTS ANALYSISLIQUIDITY RATIOSCurrent ratio =Current asset/current liabilities2009 10,073,976/6,427,117 2008 12,523,263/8,843,696 =1.57 =1.42Quick ratio=current asset-inventory)/current liabilities2009 (10,073,976-13,237)/6,427,117 2008 (12,523,263-29,891)/ 8,843,696 =1.57 =1.41Cash ratio=cash/current asset2009 2,763,448/6,427,117 2008 6,839,040/8,843,696 =0.43 =0.77NWC to Total asset=NWC/Total asset2009 (10,073,976-6,427,117)/13,697,530 2008 (12,523,2638,843,696)/16,939,393 ...
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Accounting And Interpreting Financial Statements
Accounting and Interpreting Financial Statements – Unilever International PlcUnilever International Plc:Unilever Group is a merger between a British soap manufacturer Lever Brothers and another company called Uni. The result was the huge FMCG and consumer product giant named Unilever. The Unilever Group itself operates under a dual structure. Unilever NV and Unilever Plc are twin components of the Unilever Group. Both of these companies have separate legal entities and are traded separately on the ...
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CORPORATE ACCOUNTING-REVISIONS TO CONSOLIDATED FINANCIAL STATEMENTS
INTERNATIONAL FINANCIAL REPORTING STANDARD& EXPOSURE DRAFTTABLE OF CONTENT PAGESIntroduction03International Accounting Standard 27.03Control Definition04Control Principal04Requirements and Guidelines Regarding Assessing Control05Options and Convertible instruments06Voting Right Proposal07Structured Entity07Assessment Of control of Structured Entity08Risk and Reward Fall Back test09Proposed Disclosure Requirements10Reputational Risk11Conclusion11Reference12INTRODUCTIONThis paper highlights the ...
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ASSIGNMENT STAGE 2 (ASS#2): RESTATED FINANCIAL STATEMENTS
Using accounting for decision makingStep 1: Analyzing financial statementsI agree with Marc Bloch that one must consult the past in order to foresee the future in analyzing the financial statements of any company. It is from the financial statements of a company that analysts are able to understand the past of the firm. I agree to the fact that firms do not add value by paying dividends to its equity investors rather it does add value by transferring the value between a firm and its equity investors. ...
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The Effects of Inflation on Company Financial Statements
FINANCIAL STATEMENTS AND REPORTING The Effects of Inflation Critically discuss the effects of inflation on company financial statements and how that will affect their usefulness to users of them. The Historical Cost Concept The historical cost concept is one of the fundamental conventions upon which accounting theory is based. Historical cost accounting convention is defined as “an accounting technique that values an asset for balance sheet purposes at the price paid for the asset at the time ...
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Disclosure In Financial Statements Is Consistently Evolving And Is Both A Reflection And Creator Of
IntroductionFinancial information should be transparent in order to ensure that decisions and actions are made in an understandable, accessible and visible manner to all the interested parties. This requires the financial information to be disclosed to the interested parties in an open and timely method. According to International federation of accountants (2011, p. 9) financial reporting has evolved in order to meet the changing needs of the users of the financial information. Capital markets and ...
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Evaluation of Al Mazaya Holdings Co. Financial Statements
EVALUATION OF AL MAZAYA HOLDINGS CO. FINANCIAL MENTS Income ment Evaluation and analysis New income statement Sales 21401278 Rental income 3964882 Net management fee and commission income 609780 Revenue 25975940 Less Cost of goods sold (17070175) Gross income 8905765 Less other expenses General and administrative expenses (3593275) Board of directors remuneration (85000) KFAS (55129) Add other income Interest income 75837 Net income 5248198 Pure profitability ...
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Accounting (External Reporting) - Consolidation Financial Statements, Acquisition Analysis,
1. Acquisition analysis at 1 July 2008Entry in the books of Kowloon Tong LtdDebitCredit---------------Shares in Jordan 60,000Cash (or other consideration)60,000To record acquisition of 60,000 shares ofJordan Ltd(Memorandum: With 6,000 shares bonus dividend)Entry in the books of Jordan LtdCash (or other consideration)60,000Share capital60,000To record sale of 60,000 shares toKowloon Tong Ltd(Memorandum: With 6,000 shares bonus dividend)Subsequent entry: By January 2010, the following entry shall be ...
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What Would Financial Statements Look Like if There Were No Accounting Standards
The paper "What Would Financial Statements Look Like if There Were No Accounting Standards?" is an outstanding example of an essay on finance and accounting. Accounting frameworks is a tool that aids accountants with rule and regulations that governs them to report and record financial information (Drury, 14). Bodies are known as International Accounting Standard (IASB) and Financial Accounting Standards Board (FASB) set the accounting standards (Riahi-Belkaoui, 86). Each body set the objectives ...
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FINANCIAL STATEMENT ANALYSIS
University: Financial statement analysisBackground:British American tobacco (BAT) has been operating for more than 100 years since its start, British American Tobacco. 2008. It has traded through various moments of instability, change, nationalization, and controversy that surround smoking across the world. IN 1902 BAT was formed as a partnership business between the American tobacco company(AM) and the imperial tobacco company(ITC). Though it was formed from the amalgamation of the two companies, ...
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Comment on business plan 4
MyGiftShopper.net Financial ments of MyGiftShopper.net have been explained in a detailed manner and different important costs and expenses that the company might have to incur have been recorded. The profit and loss statement of the company shows that the company would suffer loss in the first year; however from the second year profits would start and company would be able to improve its profits with the passage of time. The financial statements reflect the growing opportunities in the market and ...
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Analysis
Eastman Kodak Financial Analysis 4. Eastman Kodak Company is a company that operates in the photographic equipment and supplies industry, providing imaging and technology products and services in the global market. The company mainly operates in three segments, though this performance discussion will focus on the financial statements for the whole company as an entity. The main objective of this discussion is to compare the financial performance of the company to the industry and determine whether ...
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Advanced Accounting M SP5 2009 Assignment 2: Annual Report
Notes to Financial Statements9 - 10Annual Report of the Board of DirectorsGeneral overviewThe financial position as presented in the financial statements evidently shows the economic stability of the company. While the business venture is not extraordinarily impressive, the picture of sustainability and positive survival is apparent.Results of operationsThe company has earned a net income from its regular operations in the amount $ 50,000 which is equivalent to a yield of about $ .09 per share for ...
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Sainsbury
IntroductionThis paper seeks to present a detailed analysis covering presentation of non-current assets in financial statements of Sainsbury Plc. The first section is an overview of Sainsbury and the period this company presents its financial statements. This will be followed by an assessment covering on recognition, measurement, and disclosure of non-current assets in the company. The essay will then proceed to investigate whether information provided by published financial statements on non-current ...
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Advanced Financial Accounting
“AUSTRALIAN ACCOUNTING STANDARDS BOARD FRAMEWORK with a detailed analysis of the different Measurement Bases.”(word count: 2,485)ABSTRACTThe conceptual framework provided for by the Australian Accounting Standards Board (AASB) addresses the preparation and presentation of general purpose financial statements which caters to a wide array of users. Users of financial information include investors, employees, lenders, suppliers and other trade creditors, customers, government and its agencies and the ...
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Audit Plan For Acacia Coal Limited
@2012Audit Plan for Acacia Coal LimitedUnderstanding the entity and its environmentIt is very important for we the auditors to obtain an understanding of the client business to enable him identify and assess any possibility of material misstatement in the client’s financial statements and to design on how to perform further audit procedures incase of any risk in the client business (Gay and Simnett 2010). Financial performance of the entity In the review of the firm’s financial performance, Acacia ...
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Events after the Balance Sheet Date (SFAS 165)
Example from annual relevant reports This example is extracted from the financial ments of Heartland International healthcare centre where existing debts were reclassified and other debts considered as subsequent events as recommended by the SFAS 165 (Heartland International Health Centre Financial Statements, 2009). The excerpts from the financial statements are reproduced as under: NOTE 7 – NOTES PAYABLE Notes payable consisted of: 2009 A February 2024 date was the maturity date of the ...
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Report - Issues In Accounting Theory
Fair value accountingIntroduction Fair value is a concept used in accounting and economics, which provides an unbiased value of the market price of an asset. It is an estimation of the market value of an asset for which an asset’s market price cannot be determined. It is the amount that an asset can be bought or sold at current market conditions between willing parties. In accounting, fair value is used as an estimate of the liability and market price of an asset. The liability of an asset is the ...
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Forensic Accounting and Fraud Examination
Fraud Examination Forensic Accounting and Fraud Examination Post Adrienne has given a concise and reliable explanation regarding how the problem of management override and collusion can be addressed in an organization. I support the argument that there should be procedures designed by the auditors, as well as professionals dealing with fraud. In my opinion, the examining of journal entries in the books, as well as records, plays a crucial role in addressing any form of fraud that may be related to ...
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