January 1994 and was incorporated on March 1, 1995. Liquidity Ratios: Liquidity ratios show the ability of the company to pay of its short-term obligations. The higher the ratio is for the company; it shows that the company has a higher safety net to cover its short-term obligations. Here I will explain the current ratio and cash ratio, under liquidity ratio, to show Yahoo’s financial strengths and weaknesses. liquidity ratios | 12/31/2013 | 12/31/2012 | 12/31/2011 | Current ratio | 375% | 438%
Words: 1499 - Pages: 6
MEMORANDUM Subject: Share-Based Payment Reporting and SPE Reporting Special Purpose entities (SPE) within publicly traded companies have special accounting rules that one must follow to be compliant with the Generally Accepted Accounting Principles (GAAP). When auditing a company that uses share-based payments and SPE’s this firm needs to be familiar with the proper standards of reporting. To ensure an efficient audit this memo will discuss the treatment of share-based payments as well as the
Words: 1042 - Pages: 5
CHAPTER 3 BA II Plus 2nd . 9 Enter Financial Statements, Cash Flow, and Taxes Balance sheet Income statement Accounting income vs. cash flow MVA and EVA Federal tax system The Annual Report Balance sheet – provides a snapshot of a firm’s financial position at one point in time. Income statement – summarizes a firm’s revenues and expenses over a given period of time. Statement of retained earnings – shows how
Words: 1593 - Pages: 7
CHAPTER 7 ALTERNATE PROBLEMS Problem 7.1A Bank Reconciliation The cash transactions and cash balances of Flagg, Inc., for August were as follows: 1. The ledger account for Cash showed a balance at August 31 of $9,200. 2. The August bank statement showed a closing balance of $7,480. 3. The cash received on August 31 amounted to $3,100. It was left at the bank in the night depository chute after banking hours on August 31 and therefore was not recorded by the bank on the August
Words: 1835 - Pages: 8
Print An Overview of Financial Statements and the Environments of Financial Reporting Accounting: The Language of Business | Relationships Among Financial Statements | Classifications in a Balance Sheet | Income Statement, Statement of Retained Earnings, and Statement of Cash Flows | GAAP and Key Accounting Principles | Balancing the Accounting Equation Accounting: The Language of Business Back to Top Do Not Underestimate the Power of Accounting! I vividly recall my first experience driving
Words: 18423 - Pages: 74
1.0 INTRODUCTION Accounting has rightly been termed as the language of the business. The basic function of a language is to serve as a means of communication. Accounting also serves this function. It communicates the results of business operations to various parties who have some stake in the business viz., the proprietor, creditors, investors, Government and other agencies. Though, accounting is generally associated with business but it is not only business which makes use of accounting. Persons
Words: 2200 - Pages: 9
P7 Illustrate the financial state of your selected organisationusing financial ratio analysis. Ratio- this is a result of one number or quantity divided by another. Ratios are the simplest mathematical (statistical) tools that reveal significant relationships hidden in mass of data, and allow meaningful comparisons. Some ratios are expressed as fractions or decimals, and some as percentages. Major types of business ratios include Efficiency, Liquidity, Profitability, and Solvency ratios. Ratios
Words: 1127 - Pages: 5
5% yield to maturity of the debt. Value of Tax Shield = 2. Post-Recap, Swedish Match will have an additional SEK 4 billion in debt and have SEK 4.5 billion less in book value equity. The pre and post recap balance sheets as of 2004 are shown below. Balance Sheet | Pre-Recap | Post-Recap | | Cash & Short Term Investments | $3,002 | $3,002 | | Current Assets | $4,884 | $4,884 | | PP&E | $2,712 | $2,712 | | Other Assets | $4,300 | $4,300 | | Total Assets | $14,898
Words: 1820 - Pages: 8
KIER v CARILLION EXERCISE BFM234: ACCOUNTING FOR NON-FINANCIAL MANAGERS Group 77 Table of Contents Introduction .................................................................................................. Financial performance and position of Kier Group plc ................................. Financial performance and position of Carillion plc ..................................... Comparison of the financial performance and position between Kier Group plc and Carillion plc .........
Words: 3204 - Pages: 13
liability category of 1 10 Easy the balance sheet. 2 10 Easy 3 10 Easy 2. Examine how accruals affect the current liability category. 4 20 Mod 5 15 Mod 6 10 Mod 7 15 Mod 8 15 Mod 3. Demonstrate an understanding of how changes in current liabilities 9 5 Easy affect the statement of cash flows. 10 5 Mod 11 5 Mod 4. Determine when contingent liabilities should be presented on the 12 15 Mod balance sheet or disclosed in notes and how to calculate
Words: 11002 - Pages: 45
