Lesson 1 Chapter 1 LIFA 1.1 WHAT IS ACCOUNTING? · Accounting- an information system that identifies, measures, records and communicates understandable, relevant, reliable, and comparable information about an organization’s economic activities. · Recordkeeping, or bookkeeping, is the recording of financial transactions, either manually or electronically, for the purpose of creating a reliable bank of data · Primary objective of accounting- to provide useful info for decision-making · Accounting
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1 historical cost accounting (hca) is the situation in which accountants record revenue, expenditure and asset acquisition and disposal at historical cost: that is, the actual amounts of money, or money's worth, received or paid to complete the transaction. 2 nature of historical cost accounting this is one of those idiosyncratic headings that teachers dream up (me too, probably!) that meant nothing to me without further explanation 3 the big advantage of hca is that it leads to absolute certainty
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ASSIGNMENT Financial Management TOPIC Ratio Analysis on Shinepukur Ceramics Limited (2008-2010) Submitted to S. M. Arifuzzaman Course Instructor Financial Management Department of Accounting & Finance Submitted by Report by S. M. Benzir Ahmed Other Members Rawshon Maksuda Ahmed Rushed Imam Id: 00-00000-0 Id: 00-00000-0 Id: 00-00000-0 Sec: C Semester: Fall 2011-2012 MBA Program Department of Business Administration Submission Date: 22 December 2011 American International
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of Value Creation • Managers create value by focusing on product market and financial market strategies. • Product market strategies involve management of revenues and expenses, efficient allocation and use of firm assets as well as sound (positive NPV) investment decisions. • Financial market strategies involve prudent management of liabilities and optimal mix of debt and equity in funding firm operations and investments. • Finally financial market strategies require optimal distribution
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STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31, 2012 2012 2011 (US $ in '000) ASSETS 1,567,935 246,090 255,567 7,999,874 4,735,688 218,067 59,120 541,385 15,623,726 1,061,044 360,123 428,010 4,116,734 4,284,742 176,092 71,614 452,305 10,950,664 Cash and balances with treasury banks Balances with other banks Lendings to financial institutions Investments Advances Operating fixed assets Deferred tax asset Other assets LIABILITIES 194,325 1,977,449 11,746,459 50,000 393,435 14,361,668 1,262,058 143,022 347
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Task 5 Bank Request A1. Key points of the company’s financial picture that could impact the bank officer’s decision. Historical Income Statement from the past 3 years: · Decrease in net sales from year 12. Sales decreased by $434,700 from year 12 to year 13 and only rebounded by $80,500 between year 13 and year 14. The lower level of sales results in a lower dollar amount for gross profit, which decreases the amount left to cover selling, general and administrative expenses and leads to lower
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unless the audit is designed to detect the smallest misstatement that would influence users. D. A high likelihood of management fraud makes it more likely that individual account misstatements will have the same directional effect on net income (i.e., asset accounts will be overstated and liability accounts will be understated). On the other hand, a low likelihood of management fraud makes it more likely that individual account misstatements will have an offsetting effect on net income e. The
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AND VERTICAL ANALYSIS WORKING CAPITAL ANALYSIS BALANCE SHEET: GOLDEN LAWS 1. Non-current assets should be financed by equity Equity – Non-current assets = … 2. Non-current assets should be financed bay equity + long-term liabilities Equity + long-term liabilities – non-current assets = … 3. Current assets should be financed by current liabilities Current liabilities – Current assets = … INVESTMENT RATIOS Earning per ordinary share 1. EPOS= Net income – dividends for
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the three friends have is to form a general partnership. The general partnership has the most potential liability for all of then out of the three options. A partnership is not treated as a separate legal entity, therefore all of the owners would have unlimited liability, even Norm the friend who won't even be there. This means that all the assets that they all invested and their personal assets would be liable if creditors came after them or if they were sued by someone. Also another downside for
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Liquidity risk & Management-Basic Bank Course Title: Management of Financial Institution Course Code: F-637 Submitted to Tahmina Akter, Assistant Professor department of finance university of Dhaka Submitted by Md Abdullah-Al-Hasan,ID-13007. Md Rukonuzzaman, ID-20026. Ajanta Shukla Tanma,ID-21050 Moin Uddin, Id-20035 AHMED SHARIF, ID-19011. Introductory Part Letter of transmittal
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