Vanessa Casey ACC/290 July 27, 2015 Comparing IFRS and GAAP As international business is increasing, people with financial responsibilities should be knowledgeable in the two primary accounting methods. The 2 primary accounting methods are GAAP, stands for Generally Accepted Accounting Principles, and IFRS, which stands for International Financial Reporting Standards. The Financial Accounting Standards Board set the GAAP which is used primarily in the United States and the IFRS is used in many other
Words: 407 - Pages: 2
Financial Statement Analysis In this paper, the writer will perform an analysis of Universal Health Services (UHS) financial statements. The organization has a group arrangement, in which they are the parent corporation of numerous subsidiaries. The company focuses on acute care hospitals, behavioral health centers, surgical hospitals, ambulatory surgery centers, and radiation oncology centers. (Universal Health Services, 2015) Universal Health Services, a New York Stock Exchange company, has
Words: 979 - Pages: 4
Program (0101 and 0201) From: Professor Rebecca Hann Faculty Coordinator for BUSI 610: Introduction to Financial Accounting Re: Pre-term Course from Harvard Business School Publishing Date: June 3, 2015 BUSI 610, Introduction to Financial Accounting, is one of the Core courses that you will take in Fall 2015. This course is designed to help you become an informed user of financial statements. Given the duration of the term, we will be moving at a fairly rapid pace. The course will begin with
Words: 1218 - Pages: 5
Assignment 1: You are an Entrepreneur! Over the last century, convenience stores have provided a thriving service to local neighborhoods and community. Typically, corner stores are defined as neighborhoods retail shops that specialize in a limited selection of merchandise, such as milk, bread and other household necessities. Convenience stores are largely a cash based business conveniently located for quick in and out shopping and can be operated by one clerk. The consumer usually requires the
Words: 1812 - Pages: 8
SYLLABUS FALL 2015 MGMT E-1000 Harvard University Extension School Financial Accounting Principles Fall 2015 Instructor: Peter Pavlina: ppavlina@g.harvard.edu Class Meeting Time: Thursday, 5:30-7:30 PM Eastern Time Classroom: Sever Hall Room113 Recorded Lectures: Available on the course website, on the Virtual Classroom link in the left navigation bar,within 24 hours after the class
Words: 1440 - Pages: 6
First Term Test: Financial statements of a company This task includes shares of no par value and repurchase of shares. This task is suitable for Grade 12 learners from 2014 (CAPS). Question paper.............................................................................................. Answer book.................................................................................................. Task C 10 14 Second Term Project: Published financial statements of Famous Brands Ltd
Words: 6044 - Pages: 25
REPORTING IN THE ORGANIZATIONS Author: Mohamed Anas (2015) INTRODUCTION There has been an increase in demand for environmental and social reporting as well as other non-financial information by shareholders and users of financial statements. In early 2000’s the stakeholders and shareholders are only concerned with the financial performance but now the trend has changed as that the shareholders and stakeholders who believed that the organization should be responsible to the environment and society
Words: 2594 - Pages: 11
is the primary objective of financial statement analysis? The primary objective of financial statement analysis, according to the text, is to assist an investor or leader in determining the fundamental value of the firm. (Brigham & Ehrhardt, 2014) The analysis involves comparing a firm’s performance to that of other firms in the same industry, and also evaluating trends in the firm’s own financial position over time. 2. How are ratios used in financial statement analysis? Provide an example
Words: 323 - Pages: 2
Clause 49 of Listing Agreement The company agrees to comply with the following provisions: I. Board of Directors (A) Composition of Board i. The Board of directors of the company shall have an optimum combination of executive and non-executive directors with not less than fifty percent of the board of directors comprising of non-executive directors. ii. Where the Chairman of the Board is a non-executive director, at least one-third of the Board should comprise of independent directors
Words: 5736 - Pages: 23
Directions In Part I, next to each item listed, you will identify which statement the item would appear. You will need to determine whether it would appear on the income statement (I), balance sheet (B), or statement of cash flows (CF). Then, for each group, explain the difference among the items listed. Finally, in Part II, discuss the relationship between the three financial statements. Part I Set 1: ____B_ Inventory, ending balance ___I__ Cost of goods (inventory) sold during the period
Words: 413 - Pages: 2
