the points 1 and 2 above. The ratios we will discuss are a “starting point”. Any advanced application of them could include adjustments and modification. 5) Whenever have ratio that includes both income statement (i.e. period of time) and balance sheet (i.e. point in time), try to use
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Financial Statements Name: Course: Instructor: Date: Financial statements: Balance Sheet (2014) |Assets |Amount |Liabilities + Capital |Amount | | |£ | |£ | |Fixed assets |
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Sarbanes–Oxley, Sarbox or SOX, is a United States federal law which was introduced in 2002. It is also known as the “Public Company Accounting Reform and Investor Protection Act” and “and 'Corporate and Auditing Accountability and Responsibility Act”. The main objective of the act is to protect investors by improving the accuracy and reliability of corporate disclosures. New aspects are created by SOX act for corporate accountability as well as new penalties for wrong doings. It was basically introduced
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Requirements 10 6.1.1. Other Current Assets 11 6.2. Break-even Analysis 11 6.3. Projected Profit and Loss 12 6.4. Projected Cash Flow 13 6.5. Projected Balance Sheet 13-14 6.6. Exit Strategy and Risk 14-15 Appendix | | 12-Month Cash Flow Forecast (12-Month Detail)…………………………………………………. | 16-17 | 12-Month Balance Sheet Forecast (12-Month Detail)…………………………………………….. | 17-19 | | | | | | | Executive Summary This business plan outlines the launch of a burlesque lounge. The
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Ch.1-1 The city of Sacramento, California published their Comprehensive Annual Financial Report (CAFR) in December 2014 for the fiscal year ended June 30, 2014. The CAFR breaks down and explains the financial accounting for the city during that time. Under both federal and state law, this report is in compliance with the accountability required so the voters can see how the money the city collects and receives is utilized. They cite the Article IX of the City’s Charter to prove accountability
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purchase an intangible asset from another entity, which includes the acquisition costs as well as expenditures made to get the asset ready for its intended use (e.g. legal fees). ← Internally created intangibles are often not recorded on the balance sheet: most costs incurred to internally develop an intangible asset have to be expensed (including Research and Development costs), and only certain costs (e.g. legal costs) might be capitalized (e.g. debit Patent for the cost of defending the patent).
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given time period. A balance sheet reports assets and claims at a specific point in time. The retained earnings statements show the net income retained in the business. These statements are concluded by the statements of cash flows which provides financial information about the cash receipts and cash payments of a business for a specific period of time. Some of the other documents included in the annual report are the managements discussion and analysis. This statement covers a companies ability to pay
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| | | | You may find some formulae calling for an average, e.g., average inventory, average receivables. | | | Because we only have the Balance sheet for one year, you can only use the one year number not an average. | | | Assume interest expense is $0.00 | | | | | | Be careful of the Debt equity ratio. The review covers debt asset ratio as an example of how to calculate ratios and that is different from debt equity ratio, | and that is different from the debt equity ratio
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DYNASHEARS Memorandum 1. With the limited amount of data, the forecasts shown in case Exhibits 1 and 2 seem fairly reasonable; however, looking at a whole, the pro forma income statement and balance sheet provided by Mr. Sheehan have a few questionable points: a. Net Sales – even though the forecast numbers are based on the typical seasonality of the firm’s sales performance of previous year. The forecast performances are much higher than the actual. b. Profit and retain earnings – closely relate
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EARNINGS PER SHARE- Basic | | | | Earnings per share (in USD per share) | $2.60 | $2.05 | $1.77 | EARNINGS PER SHARE- Diluted | | | | Earnings per share (In USD per share) | $2.54 | $2.00 | $1.72 | | | | | CONSOLIDATED BALANCE SHEET (USD $) | In millions unless specified | Current Assets | 31-Dec-14 | 31-Dec-13 | Cash and Equivalents | 1.51% | 1.85% | Accounts and notes receivable, net | 16.02% | 15.91% | Current deferred taxes, net | 4.53% | 3.71% | Prepaid expenses
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