Assignment 1 Financial accountability and reporting journal report The article I choose is titled ‘ASIC get tough on financial reports’. It is about ASIC find some problems after reviewing the annual financial. There are three main problems appear in this article. First is value asset, due to the financial globe crisis impact Australia market, company have a low level of asset impairment, some company disclose the minor information which could mislead the investor’ decision making
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Annual reports are given as comprehensive as possible, reporting a company's prior years activity. Shareholders and other interested parties are given information concerning the company’s financial performance. These reports must be filed with the company’s registry and may be required to be publicized, it depends on the area. More regular reports are required of those companies listed on the stock exchange. Most reports contain: Chairperson's report, CEO's report, Auditor's report on corporate
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is the examination of the financial report of an organization - as presented in the annual report - by someone independent of that organization. The financial report includes a balance sheet, an income statement, a statement of changes in equity, a cash flow statement, and notes comprising a summary of significant accounting policies and other explanatory notes. The purpose of an audit is to form a view on whether the information presented in the financial report, taken as a whole, reflects the financial
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INTRODUCTION TO ACCOUNTING & FINANCE In this report, we will analyze the financial performance of two companies: Kraft and General Mills. They are global consumer foods companies that develop different packaged food products. The main goals of these companies are to meet consumers' needs and preferences while generating superior returns by delivering consistent growth in sales and earnings, coupled with an attractive dividend yield. This report shows how each company meets their goals and which
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companies whose businesses are similar. Some examples might be Walmart and Target; Chico’s and Sacks Fifth Avenue; General Mills and Kraft Food. Select companies in which you have some personal interest. Locate the most recently released annual reports of both entities. They should be the same year. Using this financial information, please complete the following: * Horizontal analysis of the 2 most recent years for the balance sheets and the income statements for each company * Comparison
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In this assignment im going to evaluate the approraiteness of two sets of business information used by BBC to make strategic decisions, and how it helps the bbc to make strategic decisions about how to improve their operations. Annual Report 2013/14 In the BBC website they have a page of informations about the income and operation cost of both of the years of 2013/14. This is suitable for people in the the company and outside the company. The advantages of using this information is that It helps
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independence and objectivity of auditing firms. Public companies require an audit of the financial statements useful for investment, tax purposes and financing. Independent accountants and auditing firms usually carry out an audit and their report is included in the annual report. The managing official, for example, the CEO is responsible for attesting that the financial statements are not misleading or untrue. They should also make sure that the financial statements expose those officials involved in any malpractice
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from 2010 to 2011. The cash flow has also increased over the last year by eleven million dollars. Some things on the balance sheet that were of some concern were the shareholders equity declined and the long term debt increased (Wal-Mart 2011 annual report). My concern with the shareholder’s equity declining is that other potential shareholder and investors may look at this and think twice about investing in the company. The one thing an investor hopes to receive is a return on their investment
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The major reason for why people invest in companies and purchase stocks is to generate profits. Stocks can be a very tricky and lucrative way to make money, and in order to potentially make a return on your investments investors need to look at the information that they have available to them and make a decision. Here now are types of information needed so that an investor to make a safe and comfortable decision. Financial information about a company that follows the conceptual framework of being
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