A tutorial in managerial accounting concepts and financial modeling using Excel Assignment 1: Introduction We will begin our work this semester with a case called Caribbean Internet Café [hereafter, CIC]. In the CIC case, David Grant wants to open an Internet Café in Kingston, Jamaica. This simple business setting is familiar; how many coffee shops, drive-up or otherwise, can you think of that are within walking distance of campus? Even if you are not a coffee-holic, the operation of one of these
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statements will enable employees to help drive their companies with cost conscience motives and personal responsibility for their actions. The four basic financial statements are as follows: income statements, retained earnings statements, balance sheets, and statements of cash flow. These reports allow the user to get an in depth analysis of how mindful a business’s employees are with decisions and the direction of how successful or unsuccessful a company will be. An income statement provides insight
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Kudler Fine Foods Financials Kudler Fine Foods Financials Kudler Fine Foods is a local San Diego retailer of specialty food items with three upscale stores in La Jolla, Del Mar, and Encinitas. They provide the finest domestic and imported food items at reasonable prices. The store’s founder, Kathy Kudler, built the enterprise based on her vision of selecting and purchasing only the finest of products, offering customers a delightful and pleasing shopping experience, and becoming a purveyor
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....... 3 Cash versus Accrual Accounting................................................................................7 Qualitative Characteristics of Accounting Information ...........................................9 Valuations on the Balance Sheet ................................................................................11 Effects of Transactions on Financial Statements ......................................................13 Activity #1 ...............................................
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& Kieso, 2011, p. 5). This system covers a broad array of information but in this paper the current and noncurrent assets will be defined, contrasted, and compared. In addition, the order of liquidity and how this practice applies to the balance sheet will be reviewed. Accounting is the means of communicating the numbers and to be successful in business the numbers have to be known “cold”. Therefore, it is imperative not only to communicate the numbers effectively but also to understand them to
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A C C O U N TA N C Y HIGHER SECONDARY – FIRST YEAR Untouchability is a Sin Untouchability is a Crime Untouchability is Inhuman. TAMILNADU TEXTBOOK CORPORATION College Road, Chennai - 600 006. © Government of Tamilnadu First Edition - 2004 PREFACE CHAIRPERSON Dr. (Mrs) R. AMUTHA Reader in Commerce Justice Basheer Ahmed Sayeed College for Women Chennai - 600 018. REVIEWERS Dr. K. GOVINDARAJAN Reader in Commerce Annamalai University Annamalai Nagar - 608002. Dr. M. SHANMUGAM Reader
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years. The right of use asset is amortised on a straight line basis. In 2010, the right of use asset is therefore amortised by 3398/12 = $283m. Therefore, the right of use asset is $3115m ($3398-$283). Appendix 2.1 Balance Sheet Adjustments for 2010 Total assets (adj) = total assets (reported) + NPV of operating lease – 1 year of amortisation = total assets (reported) + right of use asset = 19,910 + 3,115
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following accounting concepts with clear examples 07 i. Going Concern Concept ii. Money Measurement Concept Q.2 (a) Prepare a statement of changes in working capital and the funds flow statement from the following information: M/s Yashraj & Sons Balance Sheet Particulars Assets: Fixed Assets Less: Accumulated Depreciation Investments Closing Stock Sundry Debtors Cash in Hand Cash at Bank Liabilities: Equity Share Capital General Reserve Sundry Creditors Provision for Taxes Proposed Dividend 2008 8,00,000
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ABBOTT Laboratories (ABT) Financial Ratio Case Study Company Profile: Abbott Laboratories (ABT) 100 Abbott Park Road Abbott Park, IL 60064-6400 Phone: 847-937-6100 Fax: 847-937-1511 Website: http://www.abbott.com Sector: Healthcare CEO: Miles D. White Number of Employees: 91,000 Major areas of operations: Pharmaceutical Products, Diagnostic Products, Nutritional Products and Vascular Products. Abbott Laboratories (ABT) is an American-based global, diversified pharmaceuticals
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sales Gross profit Selling expenses General, and administrative expenses Depreciation expense Operating income Interest income Interest expense Pre-tax income Income taxes Net income Shares outstanding Earnings per share Dividends Table 2: Balance Sheet Assets Cash Short-term investments Accounts receivable Inventories Prepaid expenses Total current assets Gross property, plant, and equipment Accumulated Depreciation Net property, plant, and equipment Other non-current assets Total Assets Liabilities
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