Bridgette Hare OMM622: Financial Decision-Making Instructor: John Kuhn July 28, 2014 10-K Ford Motor Company There are many forms and reports that need to be submitted to a range of people; the annual report is for shareholders and investors, tax documents to submit to the IRS, and a form 10-K for the SEC. The Form 10-K is specifically for providing comprehensive details of the company’s business and financial condition based upon audited financial statements that is given in addition
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health care manager to understand the basic principles of accounting and finance, and have the knowledge and the understanding of a financial report and what it means. Without these skills and ethical standards it could result in poor management. Financial management is a vital part of organizational effectiveness and success. Financial management requires four elements in order to operate properly. The four elements of financial management: Planning- the financial manager identifies the steps that
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Financial Statements Paper Desiree Dominguez Acc/290 10-29-12 Lyle Burkett Financial Statements Paper Financial statements are key components in revealing the financial health of an organization. A company's financial information can get quite complicated, but business owners and investors should understand the basics of how to read financial statements. Most businesses produce four major financial statements, including the income statement, balance sheet, cash flow statement and statement
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illegal business practices. Accounting officers were not being held accountable for their actions that effect investors and stocks. This act was introduced to keep accounting information honest and without untrue statements or omissions. The legislation was enforced in 2002 to regulate financial practice and corporate governance. The act was named after Senator Paul Sarbanes and Representative Michael Oxley it contains eleven titles. Numerous inventors and business owners sensed that these disingenuous
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The four statements in the U.S. are the Balance Sheet, Income Statement, Changes in Financial Position and Statement of Retained Earnings. The B/S tells you the cost of the company's assets and the amount of money the company owes. The difference is the retained earnings left in the company by its owners. The B/S is very important to the banks and creditors because it gives them an understanding of what a company owes and coverage of the assets in case things go bad for the company. The I/S is
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Financial Statements Paper Phillip Carter ACC/290 November 19, 2012 Michael Olsen Financial Statements Paper There are four basic financial statements involved in the basic accounting process. These reports summaries the financial activity of a company over a specific time period. The first of fore is the balance sheet. The balance sheet reports assets and claims to assets at a particular point in time. Claims to assets are divided into two categories; claims of creditors and of owners. This
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Financial Statements In accounting there are four basic financial statements that are considered standard practice by the generally accepted accounting principles (GAAP). These are the income statement, the retained earnings statement, the balance sheet and the statement of cash flows. While each of these reports is very important in its own regard, they are also intermingled and depend on each other to represent a complete unbiased view of an organizations financial situation. The income
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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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Financial Statements Accounting is the financial information systems used to determine how a company is doing financially and report numbers that provide insights so a company can make smart business financial decisions. The individual who is responsible for the business accounting compiles a complete record on different financial activities of the business. He or she analyzes the financial statements, trends, and insights into the business financial decisions and ensures this information is
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Proportionalite, Pacioli described a system to ensure that financial information was recorded efficiently and accurately. It was central to the success of Italian merchants, necessary to the birth of Running Head: Introduction to Accounting 2 the Renaissance. Industrial Revolution firms required accountants to provide the information necessary to avoid bankruptcy and their role developed into a profession. (Weygandt, Jerry J., Financial Accounting 6e, (Ch.1) copyright © 2008 John Wiley
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