Balance Sheet Assets Current assets: Yr 1 Yr 2 Yr 3 Cash 88,000 58,800 76,500 Inventories 100,000 88,000 118,000 Accounts receivable 89,000 71,000 97,000 Pre-paid expenses 43,000 61,500 57,500 Other 4,700 6,300 5,950 Total current assets 324,700 285,600 354,950 Fixed assets: Yr 1 Yr 2 Yr 3 Property & equipment 42,000 61,500 79,000 Raw Materials 28,000 21,500 18,500 Less Accumulated Depreciation 7,800 11,300 14,100 Total fixed assets 77,800 94,300 111,600
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Comparative analysis between Revised and old Schedule VI Format of Revised Schedule VI Page no. 3 6 9 Supplement on Revised Schedule VI Page 2 INTRODUCTION TO REVISED SCHEDULE VI Every company registered under the Act shall prepare its Balance Sheet, Statement of Profit and Loss and notes thereto in accordance with the manner prescribed in Schedule VI to the Companies Act, 1956. To harmonise the disclosure requirements with the Accounting Standards and to converge with the new reforms, the
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BALANCE SHEET AS AT ` Crore Particulars EQUITY AND LIABILITIES Shareholders' funds Share capital Reserves and surplus Deferred revenue Non-current liabilities Long-term borrowings Deferred tax liabilities (net) Other long-term liabilities Long-term provisions Current liabilities Trade payables Other current liabilities Short-term provisions TOTAL ASSETS Non-current assets Fixed assets Tangible assets Intangible assets Capital work-in-progress Intangible assets under development Non-current investments
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never be sold. These investments provide a slow yet steady means of revenue as these assets gain value. This section would provide information about the company’s ability to pay long-term debts. The Property, plant, & equipment section of the balance sheet is also referred to as fixed assets. This section covers the assets that the company is going to being using for a long time in their operating activities. This includes any equipment necessary for producing products, land and building currently
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Classified Balance Sheets (60 points) The following (given in scrambled order) are accounts and balances from the accounting records of Alleg, Inc., as of December 31, 2012, after the books were closed for the year. Common stock, authorized 21,000 share At $1 par value, issued 12,000 shares $12,000 Additional paid-in capital 38,000 Cash 14,000 Marketable securities 17,000 Accounts receivable 26,000 Accounts Payable 16,000 Current maturities of long-term debt
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Balance sheet ratios The important ratios that arise from the Balance Sheet include working capital, liquidity, net worth, debtors turnover, return on assets and return on investment. Working capital ratio This ratio is also known as "the current ratio", and is one of the best-known measures of financial strength. The main question this ratio addresses is: "Does your business have enough current assets to meet the payment schedule of its current debts with a margin of safety for possible
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income/loss. Past net income provides info for predicting future net income. Net income is needed to determine the ending balance in retained earnings. RE: stmt. shows amts and causes of changes in RE during the period. Time period is the same as that covered by the income stmt. Users can evaluate dividend payment practices. Ending balance in RE is needed in preparing the balance sheet. BS: Reports assets and claims to assets at a specific point in time. Assets=Liab+SE. Lists assets first, followed by
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GOODWILL What is the definition of Goodwill? Goodwill is an intangible asset that mostly appears as the biggest intangible asset on the balance sheet. The Goodwill can only be identified with the business as a whole. Therefore, the goodwill cannot be sold individually in the marketplace, while some other intangible assets can be sold. Goodwill is not easy to measure, because it includes exceptional management, desirable locations, customer relations, and so on. The determination of the
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4:35 p.m. $ 70.83 -0.63 -0.88% Volume 10,115 10a 11a 12p 1p 2p 3p 4p Previous close $ 71.46 -0.36 -0.50% Day low Day high $70.55 $71.59 [pic] 52 week low 52 week high $58.01 $73.50 [pic] Advertisement Income Statement Balance Sheet Cash Flow Statement Annual Financials for Target Corp. View Ratios Assets |Fiscal year is February-January. All values USD |2009 |2010 |2011 |2012 |2013 |5-year trend | |millions.
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Bank Balance Sheets Alissa Leith ECO316: Financial Institutions and Markets Instructor: Shane Thompson October 20, 2014 Bank Balance Sheets While many individuals look at a bank as a place to store or borrow money, they are a business that needs to keep their financial records in check. A bank uses a balance sheet like any other business, and must comply with the regulations set by the Federal Reserve System (Fed). When an individual has an account with the bank, such as a checking account
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