Essays on Financial Statement

Financial Ratios Analysis
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Pages • 5
All of the stakeholders in a business will be interested in analyzing financial statements and the accompanying financial ratios derived from those statements. Utilizing financial ratios, business managers and owners can assess performance over the long-term and adapt to industry trends. Financial ratios indicate clearly show areas of strength, potential problems, and weaknesses, which managers can use in making decisions. Furthermore, managers and owners can review financial ratios to measure progress toward company goals. Investors, creditors, lenders, suppliers, customers, and…...
EconomyFinanceFinancial MarketsFinancial StatementInvestmentMoney
Course Comparison DOC
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The following example essay focuses on the Course Comparison DOC. Read the introduction, body and conclusion of the essay, scroll down. My name is Jaime Goh and I am currently enrolled in the Common Business Program here in Ngee Ann Polytechnic. I decided to study business as this area of study had sparked interest in me ever since I first learnt about it in my previous school. I studied economics over the course of my IGCSE years in grade 9…...
CareerCareer ChoiceEconomicsEconomyFinanceFinancial Statement
Corporate Finance On Solutions
Words • 2012
Pages • 9
This essay sample on Corporate Finance Solutions provides all necessary basic info on this matter, including the most common "for and against" arguments. Below are the introduction, body and conclusion parts of this essay. Liquidity Ratios Liquidity ratios measure a ability to pay its bills as they come due. Three commonly used liquidity ratios are the current ratio, the quick ratio and the cash ratio. The current ratio is found by dividing current assets by current liabilities. A ratio of…...
EconomyFinanceFinancial MarketsFinancial StatementInvestmentStock Market
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Conceptual Framework Essay
Words • 1925
Pages • 8
This essay sample essay on Conceptual Framework Essay offers an extensive list of facts and arguments related to it. The essay's introduction, body paragraphs and the conclusion are provided below.RELEVANT TO ACCA QUALIFICATION PAPER F7 AND PERFORMANCE OBJECTIVES 10 AND 11 The need for and an understanding of a conceptual framework This topic forms most of Section A (and has an influence on Section B) of the syllabus for Paper F7, Financial Reporting. A conceptual framework is important to the…...
AccountingFinanceFinancial Statement
What Is The Historical Cost
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Pages • 9
The following sample essay on  Historical Cost Assumption dwells on its problems, providing shortened but comprehensive overview of basic facts and arguments related to it. To read the essay, scroll down. The depreciation charged to income statement which has an impact on the profit figure is also a problem that may mislead users. A. Rash pointed out: “we have very little, If any, basis for choosing depreciation methods and parameters to apply to fixed assets, which has led to some…...
EconomyFinanceFinancial StatementInflationMoney
Task about Renting An Apartment
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Pages • 6
The following academic paper highlights the up-to-date issues and questions of Suppose You Are Considering Renting An Apartment.​ You, The​ Renter, Can Be Viewed As An Agent While The Company That Owns The Apartment Can Be Viewed As The Principal. What Agency Conflicts Do You​ Anticipate? Suppose,​ Instead, That You Work For The Apartment Company. What Features Would You Put Into The Lease That Would Give The Renter Incentives To Take Good Care Of The​ Apartment?. This sample provides just…...
ConflictEconomyExperienceFinanceFinancial StatementInvestment
Dual Aspect Concept
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Pages • 6
The sample essay on Dual Aspect Concept deals with a framework of research-based facts, approaches, and arguments concerning this theme. To see the essay's introduction, body paragraphs and conclusion, read on.Explain how the fundamental accoungting concepts are used in preparing financial statement. Use examples to illustrate the application of the fundamental accounting concepts. Accouting is the language of business and it is used to communicate finance information. In order for that information make sencse, accouting is based on 10 fundamental…...
EconomyFinanceFinancial StatementInvestmentMoney
Pepsico Ethics
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Pages • 6
The sample paper on Pepsico Ethics familiarizes the reader with the topic-related facts, theories, and approaches. Scroll down to read the entire paper.PepsiCo Ethics and Compliance FIN/370 – Finance for Business PepsiCo Ethics and Compliance PepsiCo Inc. is a world leader in the beverage and snack food industry. Founded in 1965, the company has grown to become a household name. PepsiCo employs more than 285,000 employees worldwide, and has revenues of more than $60 billion (Our History, 2011). PepsiCo prides…...
Business EthicsEconomyEthicsFinanceFinancial StatementPhilosophy
Benefits Of Segment Reporting
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Pages • 2
This information may be broken down by different types of industry, different parts of the world, a combination of industry and geographical areas, or any other basis that the company thinks helpful for the reader. Also included, usually in the notes to the financial statements, will be disaggregated or segmented financial information, molly referred to as segment reporting. Segment reporting involves breaking down the enterprise into its constituent parts or segments and reporting financial information for each of these. A…...
CommunicationFinancial StatementResearch
Concept Paper About Accounting
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The accruals concept brings a meaning that every expense should be recognized as they occurred. (Wild, Shaw, & Barbara, 2009) For examples, when an expense incurred, we need to record it in the financial report, not when payment is made. While we receive the goods, we need to record the revenues. We need to record the net profit using the formula of net profit is equal to total revenue – total cost. So that, we get a more accurate amount…...
AccountingEconomyFinanceFinancial CrisisFinancial Statement
Essey About Financial Statements by Intel
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The following example is an essay about Intel's financial statements. Read the introduction, body and conclusion of the essay, scroll down. The 2010 Intel Annual Report can be found at the following Web site. View. Personalized. Com/Fraser. Using the annual report, answer the following questions: a. Describe the type of business in which Intel operates. The types business that Intel operates is that they sell devices like processors for PC’s and internet servers. They also design and manufacture these devices…...
EconomyFinanceFinancial StatementIntelInvestment
Grays Accounting Values
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The following sample essay on "Grays Accounting Values":discussing global harmonistic of financial reporting standards. Sidney Gray created a model that shows a link to the cultural dimensions on a country and the financial reporting rules and practices In a particular country. In short, It states that the cultural values shared by members off society will Influence the accounting values of the accounting subculture. Then, the shared values of the accounting subculture will In turn affect the financial reporting rules and…...
AccountingBusinessCommunicationConservatismFinancial StatementHuman Nature
Rule Based Accounting
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RULE VS PRINCIPLE BASED CONVERGENCE VS ADOPTION IFRS Assignment1, Group Section 1 Characteristic Additional Comment Criteria Disadvantage Advantage • Provide specific dictates for reporting financial information • Unavoidable. (Accountants must follow these rules or face penalties for noncompliance. ) • Effective rules-based standards require active participation of the financial reporting community to evaluate the resulting quality. Real life practice issues should be brought to the attention of the appropriate ruled based standards-setting bodies • Provides basic guidelines for accountants to…...
AccountingCorporate FinanceEconomyFinanceFinancial Statement
Harnischfeger Corporation
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Questions 1. Identify all the accounting policy changes and the accounting estimates that Harnischfeger made during 1984. Estimate, as accurately as possible, the effect of these on the company? s 1984 reported profits. 2. What do you think are the motives of Harnischfeger? s management in making the changes in its financial reporting policies? Do you think investors will see through these changes? Answers 1. Identify all the accounting policy changes and the accounting estimates that Harnischfeger made during 1984.…...
AccountingCorporationEconomyFinanceFinancial StatementInventory
Private Sector Accounting
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INTRODUCTION TO PUBLIC SECTOR ACCOUNTING Accounting is related to government and is different from private sector accounting. Accounting and financial reporting for the public sector are based on distinctive concepts, standards, and procedures designed to accommodate their environment. This is also based on the needs of their accounting information users. Derbyshire (1987) defined a public sector as a device for regulating human activities so that men and women can live together in reasonable harmony. The public sector is providing basic…...
AccountingEconomyFinancial StatementPolicy
Accounting Report Provisions for Restructuring
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In the financial report, Burns Philp, at the time of each acquisition, created a “provision” for rationalization. When restructuring cost was subsequently incurred, related expense was written off against the “provision” until the provisions were exhausted and, then, the expense was directly charged against the annual profit. This aggressive accounting treatment gave rise to problems as high restructure costs increased asset value in financial reporting despite uncertainty about the realization of the benefit in future. A slotting fee is an…...
AuditEconomyFinanceFinancial StatementRisk
Wilkerson Company Case Solution
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I _ Describe in words how costs are assigned in the Willpower’s current costing system. Discuss the pros and cons of this system. Wilkinson uses a simple traditional cost accounting system in which each unit of product is charged for direct material, direct labor and overhead COStS_ Material cost is based on the prices paid for component under annual purchasing agreements. Labor cost is charged to products based on the standard run times for each product. Labor rates, including fringe…...
AccountingCost AccountingEconomyFinancial StatementManagement
Generally Accepted Accounting Principles In Healthcare
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Generally Accepted Accounting Principles HCS/571 July 11, 2011 Generally Accepted Accounting Principles Generally Accepted Accounting Principles, or GAAP, is an accounting language of business used in health care facilities that have specific policies they must abide by when making choices for the direction of the institution. The Financial Accounting Standards Board, also known as FASB, developed these rules to guide them in recording and reporting financial information. Organizations use GAAP rules to report transactions. GAAP policies help to have consistency…...
AccountingEconomyFinanceFinancial StatementHealthHealthcare
Worldcom Case Study
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  According to the company, another $14. 7 billion in 2001 line costs was treated as a current expense. WorldCom’s accounting had been questioned before its June 25 admission. In March 2002, the SEC requested data from the firm about a range of financial reporting topics, including  disputed bills and sales commissions,  a 2000 charge against earnings related to wholesale customers,  accounting policies for mergers,  loans to the CEO,  integration of WorldCom’s computer systems with those of MCI, and  WorldCom’s…...
AccountingCase StudyEconomyEducationFinanceFinancial Statement
Billabong Financial Statements
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Billabong BY pooja275 Answer 3 AUDIT FIRM As per the Judicial obligation, Billabong International Limited appointed Pricewaterhouse Coopers as their audit firm. PWC is a London based multinational company known for its Professional Services. As an audit firm for Billabong, Pricewaterhouse reviews the company’s accounting statements and determines the company’s financial position. The lead auditor for Billabong is Steven BosilJevac. Steven BosilJevac is a partner at Pricewaterhouse Coopers. (Billabong Financial Report, 2013: 43) Answer 8 DEPRECIATION Land and building are…...
AccountingCorporate FinanceEconomyFinanceFinancial Statement
Pros And Cons Accounting
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Abstract: “A Study on “The pros and cons of Ethics in accounting practice in India” Introduction: All business dealings invariably involve finance and accounting. Everything that a business does has accounting ramifications. Most of the ethical issues in accounting are concerned with accounting statements. Internal financial reporting has to be honest, fair and reliable for an organization to perform effectively. Most business failures are associated with either marketing failure, like failure in selling products or mismanagement in operations. Any of…...
AccountingEthicsFinancial StatementReason
Accounting Standard Setting Process
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Pages • 2
The Accounting Standard Council was created by the PICPA to formalize the accounting standard setting function in the href="/papers/philippines-factors-causing-unemployment-565" data-wpel-link="internal">Philippines. The main function of the ASC is to establish and improve generally accepted accounting principles in the Philippines. The approved statements of the ASC are called “Statement of Financial Accounting Standards” or SFAS. In 1996, the Philippine accounting standards had been changed and based on IASC Accounting Standards. The International Accounting Standards Committee or IASC is an independent private sector…...
AccountingCommunicationFinancial StatementPolicy
Accounting Assumptions Principles And Constraints
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Running head: Accounting Assumptions, Principles and Constraints Accounting Assumptions, Principles and Constraints Axia College Basic assumptions accounting consists of four assumptions; monetary unit assumption, economic entity assumption, time period assumption, and going concern assumptions. The monetary unit assumption states that only transaction data that can be expressed in terms of money be included in the accounting records.Essay Example on Assumption Principles And Constraints Of Accounting Economic entity assumption is the activities of the entity be kept separate and distinct from…...
AccountingEconomyFinanceFinancial Statement
Financial Analysis Of Microsoft Corporation
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In Microsoft? case, the ratio is . 23; this is a proportion of equity and debt used to finance the assets. International Accounting Standards Board vs.. Financial Accounting Standards Board International Accounting Standards Board, ASSAI Is an independent, privately-funded accounting board who set accounting standards for international companies. The Financial Accounting Standards Board, FAST Is a private board that Is established to set accounting standards for United States companies. Both boards are set up to help understand the financial statements…...
AccountingCorporate FinanceCorporationEconomyFinanceFinancial Statement
Argumentative Essay Example
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Argumentative Essay IntroductionAccounting Regulation: Word Count: 1195 Table of Contents:Page 1. 0 Argument in favour of tight accounting regulation: 1. 1 Introduction3 1. 2 The agency problem3 1. 3 Comparability of financial statements3 1. 4 Auditing4 1. 5 Auditor’s independence concerns4 1. 6 Credibility of financial reporting4 1. 7 Conclusion5 2. 0 Argument in favour of “Free market” regulation: 2. 1 Introduction6 2. 2 Information needs6 2. 3 Market for managers7 2. 4 Market for Corporate takeovers7 2. 5 Auditing7…...
AccountingEconomyFinanceFinancial StatementRisk
Oxford Brookes University Bsc in Applied Accounting
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Report area chosen To achieve Oxford Brookes University BSc in Applied Accounting I have chosen the report area topic number 8. I will report on the business and financial performance of X&Y Group over three years ranging from year 2006 to year 2008.In addition I will also have a look on Interim report in the year 2009. In the Annual Report 2008 X&Y Group then CEO Exxxx, Rxxxx commented, ‘. . . we continued to increase our market shares in…...
Audit Expectation Gap
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The study investigates the existence of audit expectation gap in relation to society’s unreasonable expectations out of auditing in Bangladesh. This also identified the effects of auditing knowledge on the gap. Among all the classes of our society the accounting graduates are expected to have more knowledge on auditing, who represented 60% proxy of the users.For the purpose of the study, the four groups who are chosen as sample users are: (1) General investors (naive) (2) Students not completing any…...
AccountingAuditFinanceFinancial StatementManagement
Kansas City Zephyrs Baseball Team
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Pages • 12
The following example essay tells the Kansas City Zephyrs baseball team. Read the introduction, body and conclusion of the essay, scroll down. Refer to the Kansas City Zephyrs reading from earlier in the week. For each of the 5 areas in dispute, answer the following: Who is right? Why? Submit your answers in your own Word document by the end of Week 1. Bill Ahem was asked to be an arbitrator in a major dispute regarding profitability between the Owner-Player…...
ContractCorporationEconomyFinanceFinancial Statement
The Sarbanes-Oxley Act
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Pages • 1
This paper example reveals the main arguments and ideas related to Thesis Statement. Read more about Antigone Thesis Statement For below. The Sarbanes-Oxley Act is the single most important piece of legislation affecting corporate governance, financial disclosure and the practice of public accounting since the USA security laws of the early 1930s. It is crystal clear that companies and the accounting profession have made tremendous progress in meeting the rigorous requirements of this legislation. Sarbanes-Oxley establishes new and enhanced standards…...
AccountingCommunicationCorporate GovernanceFinancial StatementPolicy
Indian and International Accounting Standards
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Pages • 11
Indian and International Accounting Standards & Practices Introduction: Accounting Standards are used as one of the main compulsory regulatory mechanisms for preparation of general-purpose financial reports and subsequent audit of the same, in almost all countries of the world. Accounting standards are concerned with the system of measurement and disclosure rules for preparation and presentation of financials statements. They appear with a set of authoritative statements of how particular types of transactions, events and other costs should be recognized and…...
AccountingCorporate FinanceEconomyFinanceFinancial Statement
Which Of The Following Events Cannot Be Quantified Into Dollars And Cents And Recorded As An Accounting Transaction?
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Pages • 17
CHAPTER 1 Accounting: An Overview and Analysis MULTIPLE CHOICE QUESTIONS 41. Accountants refer to an economic event as a a. purchase. b. sale. c. transaction. d. change in ownership. 42. The process of recording transactions has become more efficient because a. fewer events can be quantified in financial terms. b. computers are used in processing business events. c. more people have been hired to record business transactions. d. business events are recorded only at the end of the year. 43.…...
AccountingBalance SheetCorporate FinanceEconomyFinanceFinancial Statement
Measure the Fair Value of Assets and Liabilities
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Pages • 12
The objective of this project is to provide guidance to entities on how they should measure the fair value of assets and liabilities when required by other Standards. This project will not change when fair value measurement is required by IFRSs. Discussion at the September 2005 IASB Meeting At the September 2005 meeting, the IASB added the Fair Value Measurements topic to its agenda. The aim of the project is to provide guidance to entities on how they should measure…...
Corporate FinanceCorporate GovernanceEconomyFinanceFinancial Statement
Accounting Information for Internal and External Users
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Pages • 45
At a glance, accounting can appear extremely complicated and confusing. The untrained eye may struggle to grasp the entire nature of accounting and see it merely as an incompressible mass of numbers. However accounting is much more for a company or an economic entity. As intimated by the title, this thesis proposes the inclusion of information on flexibility as a means of enhancing the accounting information system of business organization. However the inclusion of such information would be incomplete with…...
AccountingBalance SheetEconomyFinanceFinancial Statement
Research Proposal on Ratio Analysis
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Pages • 3
Financial ratio is analyzed on the basis of the financial report. The sources of the ratio are the balance sheet, income statement, statement of retained earnings and cash flow statement. Ratio analysis is one of the key components of the financial statement, because a smart businessman should control and record the process of the work and development and profit and expenditures of his company. On the basis of the records of the financial statement it is possible to analyze ratio…...
EconomyFinanceFinancial StatementResearchWebsite
Contents of a trading, profit, loss account and balance sheet for a company
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Pages • 4
Interpret the contents of a trading and profit and loss account and balance sheet for a selected company, explaining how accounting ratios can be used to monitor the financial performance Profit and loss account and balance sheet for Tesco for 2001 and 2002. Consolidated Profit & Loss Account for the year ended. Amounts falling due after more than one year. Provisions for liabilities and charges. Capital and reserves. Called-up share capital. This shows how Tesco finds out the current ratio…...
Corporate FinanceEconomyFinanceFinancial StatementStock
Dabur Success Story
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Pages • 34
BrandEconomyEmotionFinanceFinancial StatementSuccess
corporate and business law
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Pages • 14
corporate and business law BY etu20110952 GASPARD vjrgile LAFITTE Pierre AC504E External auditing Take home case Pacific Sunwear of California Inc Executive summary ??” 3 The Sarbanes Oxley act: a compliance plan 4 Overview: 4 Summary of the Sarbanes-Oxley 4 The Sarbanes-Oxley act: ??” 404: Checklist: 5 Auditing standards n05: description of the procedures to comply with the section 5 International standards of auditing in reference with the 6 Processes to comply with the Section case...................................................... How to comply with…...
AuditBusiness LawEconomyFinanceFinancial StatementLaw
Accounting Concepts, Conventions and Solutions
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Pages • 13
Are broad basic assumptions that underlie the periodic financial accounts of business enterprises. They outline the rules of accounting that should be followed in preparation to all financial statements. These concepts are outlined in the International Accounting Standard I(SIS l)-presentation of financial statements. The word 'concept' in this context means an idea or thought that has a universal application. This includes;  The going concern incept: implies that the business will continue in operational existence for the foreseeable future, and that…...
AccountingBalance SheetEconomyFinanceFinancial StatementMoney
Accounting Test Solutions
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Pages • 15
Chic Student: Some liabilities are not contractual obligations and may not be payable in cash. True False Amounts withheld from employees in connection with payroll often represent liabilities to third parties. True False A customer advance produces a liability that is satisfied when the product or service is provided. True False Long-term debt that is callable by the creditor in the upcoming year should be classified as a current liability only if the debt is expected to be called, True…...
AccountingCreditEconomyFinanceFinancial StatementMoney
Amazon Inventory Turnover Change
Words • 3698
Pages • 15
The following sample essay talks about the change in Amazon's inventory turnover. Read the introduction, body and conclusion of the essay, scroll down. What information could Amazon's management provide to investors to clarify the change in inventory turnover? What are the costs and benefits to Amazon from disclosing this information? What issues does this change raise for the auditor? What additional tests would you want to conduct as Amazon's auditor? Amazon had annulled sales of $51. 6 billion and an…...
Corporate FinanceEconomyFinanceFinancial MarketsFinancial StatementInvestment
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FAQ about Financial Statement

What Is The Historical Cost
...Like historical cost, the depreciation which represents the consumption of the goods sold is also subject to arbitrary allocations against income. It is also subject to the aggregation problem, for example, does one look at replacing individual asset...
Which Of The Following Events Cannot Be Quantified Into Dollars And Cents And Recorded As An Accounting Transaction?
...Ryder, Capital. 162. James Company purchases $600 of equipment from Mundelein Inc. for cash. The effect on the components of the basic accounting equation of James Company is a. an increase in assets and liabilities. b. a decrease in assets and liabi...
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