for a company and become familiar with its contents, particularly the financial statements and the notes to the financial statements. While we have looked at very basic formats of the financial statements, the financial statements for a company contain more detail and information on some items you may not have been introduced to as yet. Pay particular attention to the information provided in the notes to the financial statements as you will find a lot of useful information in them that may help with
Words: 1208 - Pages: 5
expenses, and liabilities as of a certain date | |d. |the probable future benefits, probable future sacrifices, and residual interest for a period of time | |e. |the financial condition of an accounting entity as of a particular date | ANS: E PTS: 1 2. Which of the following would not appear on a conventional balance sheet? |a. |income taxes payable
Words: 9731 - Pages: 39
BMAN 20611 THE UNIVERSITY OF MANCHESTER BMAN 20611 Financial Statement Analysis Special assessment for exchange students 2013 Attempt ALL parts of the question. Your assessment must be submitted electronically as a Word document through the course Blackboard site. Follow the ‘Submission Instructions’ to submit your assessment, which are in a separate document on the course Blackboard site. Your assessment must be a maximum of 8 pages (including tables, diagrams, calculations, footnotes
Words: 492 - Pages: 2
this workbook project. | Page No. | Financial Highlights (Not absolutely necessary, but very common in annual reports.) | 36 | Statement of Cash Flows | 59 | Chairman’s Message (President’s, CEO’s or other top official’s message or letter to the shareholders) | 36 | Notes to Financial Statements | 60 | Management’s Discussion and Analysis (MD&A) | 36 | Report of Independent Accountants or Independent Auditors’ Report | 89 | Income Statement(Statement of Earnings) | 36 | Five- or Ten-Year
Words: 1572 - Pages: 7
Standards Board (IASB) has one main role; this main role is to promote the use of accounting standards and to bring convergence of international financial reporting standards and national accounting standards. Other roles IASB consist of develop drafts of International Financial Reporting Standards (IFRS) and to carry out tasks alongside with the International Financial Reporting Committee (IFRIC), where the IASB role is to approve the interpretations by the IFRIC. Australia has joined the revolution of accounting
Words: 2897 - Pages: 12
edio2004@yahoo.com 832-774-9218 QUALIFICATIONS SUMMARY Financial Analyst with more than 2 years of increasingly responsible employment with a large corporation. Diversified, progressive experience in the analysis of financial / economic data supporting enterprise decision making including marketing and investments; financial planning, forecasting, and modeling; company valuation; credit underwriting; and portfolio management. PROFESSIONAL EXPERIENCE Financial Analyst, OppenheimerFunds, Denver, CO 2014 -
Words: 428 - Pages: 2
Assignment 1 Introduction According to AASB, the financial reporting about a reporting entity that provide to users who lack knowledge about information and the it also reflect an entity perspective focussing on the needs of all capital provides, not just equity investors. The financial statement must truly reflect the qualitative characteristics of information (Leo et al, 2009). However, IASB and FASB try to develop a new conceptual framework recently. The project's objective is tried to create
Words: 1166 - Pages: 5
stepping stone in that movement and has impacted many public companies. SOX requires public companies registered with the Securities Exchange Commission to evaluate the effectiveness of its internal control over financial reporting and disclose this information in its financial statements. For instance, Dell Inc., a large multinational IT corporation, was one of the many large corporations affected by the implications of SOX. First, Section 404 of SOX requires Dell’s management, under the supervision
Words: 1526 - Pages: 7
worth noting. The treatment of general insurance contracts and life insurance differs between the two standards. Australian firms must follow AASB 1023 and 1038 these standards are more specific than IFRS 4 which covers all insurance contracts and financial instruments with flexible participation features. AASB details all of the disclosure measurement and recognition requirements of accounting for general insurance contracts. AASB 1038 deals with life insurance contracts and is more specific than IFRS
Words: 1460 - Pages: 6
focus on investors in the following ways: 1. The first factor is that IFRS promise more accurate, timely and comprehensive financial statement information that is relevant to the national standards. And the information provided by financial statements prepared under IFRS tends to be more understandable for investors as they can understand the financial statement without the necessity of other sources which makes investors more informed 2. This also helps new or small investors by making
Words: 1805 - Pages: 8
