transactions of a business. This financial information can be used to determine a company's financial status and help a company make sound financial decisions. This information is reported in the form of four basic financial statements: Income Statement, Balance Sheet, Retained Earnings Statement (also known as the Statement of Stockholders Equity), and Statement of Cash Flows. To fully understand the financial health of a company one has to understand the purpose of each statement and what type of information
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Accounting Cheat Sheet Your AccountingCoach PRO membership includes lifetime access to all of our materials. Take a quick tour by visiting www.accountingcoach.com/quicktour. Table of Contents (click to navigate) Financial Statements 3 Balance Sheet 4 Income Statement 5 Cash Flow Statement 6 Stockholders’ Equity 7 Financial Ratios 8 Accounting Principles 9 Bookkeeping, Debits & Credits 10 Accounting Equation 11 Adjusting Entries 12
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either monthly or quarterly show how a company is doing. The results from the financial statements can help managers and stakeholders to make financial decisions. The following are four types of financial statements. Balance Sheet- “The balance sheet represents a snapshot of the company’s financial position at any given point of time”, it includes financial information of the company’s capital, liabilities, equity, and assets. Assets are classified into long term and short term.
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as a guide when allocating yourself CPD units. IAS 12 uses a liability method and adopts a balance sheet approach to accounting for taxation. It accounts for the temporary differences between the accounting and tax bases of assets and liabilities rather than accounting for the timing differences between the accounting and tax consequences of revenue and expenses. IAS 12 adopts a full provision balance sheet approach to accounting for tax. It is assumed that the recovery of all assets and the settlement
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Financial Statement Overview of Cheesecake Factory (CAKE) Allison Burke-Rush FIN/575 June 27, 2016 Jeffrey Hough Abstract The Cheesecake Factory(CAKE) operates throughout the United States and Puerto Rico as a full-service casual dining restaurants. They are known by their delicious varieties of cheesecakes. Currently, the Cheesecake Factory own and operate over 202 restaurants and continue to growth at a steady rate. The growth in sales have gain more than doubled earning in the past
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accounting equation is, Assets = liabilities + owners’ equity. Each of these element assets, liabilities, owners equity has their own exclusive purpose within the accounting equation. Each side of the accounting equation should balance at all times. The balance sheet is where this equation is normally used. Assets Anything of value that a company owns including material goods property cash are considered to be an asset. More than a few types of assets exist, such assets are as follows: present
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FINANCIAL MANAGEMENT Financial Statement Analysis The process of determining financial strengths and weaknesses of a firm by establishing strategic relationship between the items of the balance sheet, profit and loss account and other operative data. Financial Statement Analysis Metcalf and Titard:It is a process of evaluating the relationship between component parts of a financial statement to obtain a better under standing of a firm’s position and performance. Financial Statement
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LEARNING TEAM REFLECTION FIN/571 October 23, 2014 Balance and Income sheets are vital to the health of any organization or company. Understanding the intricacies relating to their return on investment (ROI) is equally important as the ratios that affect each accounting principal. Our team reflection permitted us to share relevant information about our daily profession classroom experience. Engaging in personal dialogues with our team help reinforce curriculum
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which was similar to its 2011 percentage of liabilities to stockholders in 2011 with a rating of 9.2%. In 2010, only .41% of its liabilities were stockholders shares of stock. Common stock in the years 2010 to 2012 were all about the same. The balance sheet shows that anywhere from 38,000 to 40,000 were the numbers of owed common stock dividends. There was no information on Preferred Stock or Redeemable Preferred Stock so I am assuming that there were no shares of this stock available over these
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E12-1 (Classification Issues—Intangibles) Presented below is a list of items that could be included in the intangible assets section of the balance sheet. Instructions (a) Indicate which items on the list would generally be reported as intangible assets in the balance sheet. (b) Indicate how, if at all, the items not reportable as intangible assets would be reported in the financial statements. 1. Investment in a subsidiary company. 2. Timberland. 3. Cost of engineering
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