that are not included in the Balance Sheet In general assets are resources owned by the business. Weetman, P. (2006) defined asset as ‘a resource controlled by the entity as result of past events and from which future economic benefits are expected to flow to the entity’. There are two main sorts of assets which are tangible and intangible assets. Tangible assets have physical presence and have monetary value, it can be found as fixed or current asset in the balance sheet. Whereas, intangible assets
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benefits from their employee’s work. In companies such as Apple, human resources are core to the business success due to their knowledge, skills and creativity. They represent a valuable resource and should be placed on the left side of the balance sheet. The benefit of treating employee as valuable assets is that companies which invest in their employees create a positive environment so that they can work and perform better financially. One example of an organization that has done this is Infosys
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Domicilio Corporation Balance Sheet (000s) as of 12/31/x2 as of 12/31/x1 ASSETS Current assets Cash and cash equivalents $135,000 $110,000 Trade receivables 70,000 62,000 Inventories 65,000 58,000 Other current assets 8,000 31,000 Total current assets 278,000 261,000 Non-current assets Property, plant, and equipment 275,000 260,000 Goodwill 40,000 40,000 Other intangible assets 72,000 70,000 Total non-current assets 387,000 370,000 Total assets $665,000 $631
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The Balance Sheet And Financial Disclosures Acct 301-B04 Spring 2014 Felicia Olagbemi This paper will discuss the balance sheet, its components and the purpose of financial disclosures. The balance sheet and financial disclosures are both included in the annual report. The balance sheet is also known as the statement of financial position. Financial disclosures and the balance sheet are closely related. Common financial disclosures are allowance for uncollectable accounts, information
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the financial position of HCL between two years 2010 and 2011 by calculating different ratios from a given balance sheet and make a comparative analysis between these two years by comparing with the ideal ratio. Ratio analysis provides us an overview of the company’s financial position in both short term and long term. The ratio analysis, comparative balance sheet and common size balance sheet are gives an accurate picture of company’s position. As financial ratio analysis is a useful technique to
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Rules of Preparation of Balance Sheet A balance sheet allows you to see at a glance what your company’s assets and liabilities are. The balance sheet is basically a summary of what you own and what you owe. Assets, liabilities and owner’s capital are listed as of a certain date, usually at the end of a month, quarter or fiscal year. Your balance sheet gives you a way to determine the value of your business at any particular time. 1. * Preparation of balance sheet of company is very necessary
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Profit and loss/ Balance sheet/ Ratios (P5+P7) In 2009 ‘The Lost in Space T-shirt Company’ has only made £81,225 compare to the previous year when they have made 148,000. This shows that their profit has dropped over £66,775 in a matter of only a year. Furthermore there is an also drop in Gross profit for £170,000 what means that company didn’t manage to sell as many goods as in 2008 when their profit was £920,000. Sales revenue have increased in 2009 from 2,250,000 in 2008 to 2,280,000. This
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Balance Sheet as at 31st june, 2012 Oracle Corporation SAPS Corporation Assets 2012 2011 2010 2012 2011 2010 Current Asset $ $ $ $ $ $ Cash & Short Term Investments 30.68B 28.85B 18.47B 6.915B 4.672B 3.185B Receivables 6.377B 6.628B 5.585B 4.866B 4.118B 3.413B Inventory 158.00M 303.00M 259.00M Prepaid Expenses 1.935B 2.206B 1.532B Other Current Assets 1.720B 695.87M 1.131B Total Current Assets 40.02B 39.17B 27.00B 13.50B 9.486B 7.729B
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Acct # | Acct Title | W/P Ref | Last Years (Audited) | Current Years (Unaudited) | 10100 | Cash on Hand | | $1,987.28 | $2,275.23 | 10200 | Regular Checking Account | | $198,116.52 | $532,125.92 | 10300 | Payroll Checkiing Account | | | | 10400 | Savings Account | | $3,044,958.13 | $3,670,599.15 | 11000 | Accounts Receivable | | $16,410,902.71 | $49,780,259.98 | 11400 | Other Recievables | | | $1,000,000.00 | 11500 | Allowance for Doubt. Accts | | -$1,262,819.88 | -$1,254
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expenditure of fixed assets 其他长期资产 Other long term assets 其中:特准储备物资 Among it:Specially approved reserving materials 无形及其他资产合计 Total intangible assets and other assets 递延税款借项 Deferred assets debits 资 产 总 计 Total Assets 资产负债表(续表) Balance Sheet 项 目 ITEM 短期借款 Short-term loans 应付票款 Notes payable 应付帐款 Accounts payab1e 预收帐款 Advances from customers 应付工资 Accrued payro1l 应付福利费 Welfare payable 应付利润(股利) Profits payab1e 应交税金 Taxes payable 其他应交款 Other payable to government
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