Circuit City Case Sample 1 1) Which of the three approaches to accounting for extended warranty and service contracts is most consistent with the actual substance of a sales transaction involving equipment and an extended warranty contract? Explain your selection and your reasoning fully. In our opinion, Partial Revenue Recognition approach is most consistent with the actual substance of a sales transaction involving an extended warranty contract. Using partial revenue recognition, the company
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THE KARACHI STOCK EXCHANGE LIMITED S.No. Nestle Pakistan Limited CHAIRMAN SYED YAWAR ALI Paid-Up Capital Reserves & Surplus Sharholder's Equity Capital Reserves Deferred Taxation / Liabilities Long Term Loans / Deposits Current Liabilities Total Assets Fixed Assets (Gross) Accumulated Depreciation / Amortization Fixed Assets (Net) Capital work in Progress Long Term Investment Current Assets 2009 FINANCIAL POSITION (Rs. In Million) 453.50 3973.46 4426.96 249.53 1531.95 4210.75 8083.13 18586
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For Case AP3-2 1. For the most recent year, what amount does American Eagle report for current assets? What assets are listed as current assets? What is the ration of current assets to total assets? Current Assets: $1,167,030 * Cash and cash equivalents * Short-term investments * Merchandise inventory * Accounts receivable * Prepaid expenses and other * Deferred income taxes Ratio of current assets to total assets: 0 .55 2. For the most recent year, what amount does
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INTRODUCTION: SAP stands for Systems, Applications and Products in data processing. It is an integrated business applications package that covered most functions of an organization. But now, ATLAM is facing a tight circumstance to embrace the new system-SAP since the existing economic crisis play a part in impacting ATLAM financial position. Now, the management of ATLAM, a wholly owned organization of MICT Berhad, had been asked to upgrade its accounting system with the PETRA group-wide SAP system
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Financial Reporting [case study #2] September 26, 2013 Introduction As the most famous worldwide beverage reaches the last stage of the production line, it is shipped to an authorized bottler – a company which duty is to mix Coca-Cola’s syrup (or concentrates) with carbonated water and sugar before selling it in glass or tin containers. These bottlers can be categorized in three groups taking into account their dependence from The Coca-Cola Company (hereafter simply referred as Coca-Cola)
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July 4, 2011 Anglo Irish Bank Corp. Ltd. Primary Credit Analyst: Sean Cotten, Stockholm (46) 8-440-5928; sean_cotten@standardandpoors.com Secondary Contact: Giles Edwards, London (44) 20-7176-7014; giles_edwards@standardandpoors.com Table Of Contents Major Rating Factors Rationale Outlook Related Criteria And Research www.standardandpoors.com/ratingsdirect 1 876943 | 301539251 Anglo Irish Bank Corp. Ltd. Major Rating Factors Strengths: • 100% ownership by the Irish government
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Business Analysis Looking through the past year we have noticed a decrease in our earnings per share (EPS). The reason for the trend is due to a low net income in 2012 and a high liability for 2013. So since our EPS was really low it tends to affect our price-earnings ratio. We see that this year we hit a negative number, which is not usual for the company, but in 2012 the number was really high. A high P/E ratio generally means that investors are anticipating for a higher growth in the future
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Horizontal analysis results After reviewing Competition Bikes Inc.’s financial statements I was able to analyze the different trends occurring within the company and discuss operational areas of concern. Overall net sales saw a significant increase from years 6 to 7 of 33%, but then fell 15% from years 7 to 8 which resulted in a decrease of $897,000 of revenue. The decrease was attributed primarily to the current economic situation. It looks like the company adjusted properly with the loss
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Grupo Prisa (PRIS.B) is a diversified media conglomerate with an excellent collection of assets but a weak balance sheet and the misfortune of doing most of its business in a troubled part of the world. Spain, which accounts for 61% of Prisa’s revenues, is going through a crisis that is even more severe than the one the U.S. went through in late 2008, so as the news has gotten worse and worse, Prisa’s stock has gotten clobbered. The B shares, which comprise the bulk of our position, closed last Friday
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We carefully examined and evaluated your financial statements in 2011 and identified several accounting policies and procedures inconsistent with U.S. GAAP. To better present the net income of your company, we provide the various recommendations for you to revalue your revenues and expenses in the following statements. Inappropriate revenue recognition criteria and policies (should change revenue recognition method or change the allowance estimation, 2011 allowance amount should be larger than 2010
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