FINANCIAL INTERPRETATIONS BY GRAPHS PLDT Statement of Comprehensive Income 180,000,000.00 160,000,000.00 140,000,000.00 120,000,000.00 100,000,000.00 80,000,000.00 60,000,000.00 40,000,000.00 20,000,000.00 (20,000,000.00) 2011 2010 2009 Service Revenues Operating Expense Other Income (Expense) Comprehensive Income Non Service Revenuues Net Income Before Income Tax Income Tax Given the details from the basic elements of comprehensive financial statement, the status of four years business operations
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| Pg. No. | 1. | Task 1Food-For-Life and its Objectives | 3-4 | 2. | Task 2Preparation of Financial Statements and Analysis * Projected Cash Flow Statement * Projected Income Statement * Projected Financial Position (Balance Sheet) | 5-10 | 3. | Task 3Calculation of Cost of Capital and its Explanation | 11-12 | 4. | Appendix 1 | 13-14 | 5. | Bibliography | 15 | Task1 Modern financial management theory assumes that shareholder wealth maximization is the primary objective of a business
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the value chain, virtual value chain 3. Chapter 3: business model, the value proposition * Do we need to know the specific types of business models: ex: brokerage, etc. * Yes 4. Chapter 4: direct marketing strategies, critical strategy elements, the front end vs. the back end, customer lifetime value: * Do we need to know the CLV equation and how to solve * Nope 5. Chapter 5: online brand building, media choice based on marketing objectives
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The Framework of FRS F.R.A SS7 Two systems worldwide R22: Financial Statement Analysis: An Introduction R23: Financial Reporting Mechanics R24: Financial Reporting Standards The Financial Accounting Standards Board (FASB) The Statement of Financial Accounting Standards (SFAS) R25: Understanding the I/S R26:Understanding the B/S R27: Understanding the C/F R28: Financial Analysis Techniques R29: Inventories R30: Long-Lived Assets R31: Income Taxes R32: Long-Term Liabilities
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Chapter 1 – History and Concepts of Property Ownership The method of “holding” land rather than “owning” it was called a system of tenure. Alienability: refers to the power to transfer tenure to another during one’s lifetime or at the time of death. Common Law: is the part of the law that is formulated, developed and administered by the common law courts, mostly underwritten and founded originally by common customs. Types of Estates: Estates – describes an interest in land or more specifically
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(Source: Company Form 10-K) Refer to the financial reports of Apple, Inc. for the year ended September 25, 2010 +Concepts+ a. In your own words, define "revenues." Explain how revenues are different from "gains." b. Describe what it means for a business to "recognize" revenues. What specific accounts and financial statements are affected by the process of revenue recognition? Describe the revenue recognition criteria outline in the FASB's Statement of Concepts No. 5. c. Refer to the Revenue
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carefully examining these two accounting systems, it is clear to see that neither is better than the other. However, many individuals have the misconception that principle-based accounting is better. This is due to the fact that in recent years, the Financial Accounting Standards Board (FASB) has issued several standards that are considered more principles-based than rule-based. Nonetheless, that does not mean that principles-based accounting is better. Therefore, this paper will examine the pros, cons
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AUDITING AND THE PUBLIC ACCOUNTING PROFESSION AUDITING AND ASSURANCE SERVICES DEFINED Auditing plays a vital role in business, goverment, and our economy. As a vocation, auditing offers the opportunity for challenging and rewarding careers in public accounting, industry and goverment. Many auditors develop a client based with a concentration in one or more key industries. As a result of serving many client in similar industries, few individuals understand the key competitiveness factors for
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accounting information rather than external users. True False 4. A controller is normally involved with preparing financial statements. True False 5. The upper limit on the production of goods and services if everything works perfectly is known as practical capacity. True False Multiple Choice Questions 6. Which of the following statements about managerial accountants is false? A. Managerial accountants more and more are considered "business partners." B
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8. ------------------------------------------------------- Conclusion. 9. ------------------------------------------------------- References. Introduction Historical cost is a generally accepted accounting principle requiring all financial statements’ items be based upon original cost. Historical cost means what it cost the company for the item. It is not the fair market value. This means that if a company purchased a building, it is recorded on the balance sheet at its historical cost
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