Financial Statement Analysis Angel J. Elias Rivera ACC 561-PR June 15, 2015 Manfredo Rodriguez-Boissen Financial Statement Analisys The accounting is one of the most important areas within a business. This shows us the financial position of the company. There are four financial statements which are Balance sheet, Income Statement, cash flow and changes in equity. Those statements are regulated by the FASB which has brought the GAAP to stablish the same accounting for the US business.
Words: 869 - Pages: 4
The four basic financial statements are very beneficial when it comes to doing research on any company. Whether the research is for purchasing stocks or just wondering how well a company has been performing. Knowing how to read and maneuver around the financial statements is a useful tool for internal users, such as managers or external users such as investors or creditors. These four financial statements include the balance sheet, income statement, statement of owner’s equity, and statement of
Words: 917 - Pages: 4
PA615 – Public Financial Management Instructor, All Holliman California State University, San Bernardino Carrie Harmon, Scott Perkins, Dana Cano, Veronica Pinkett-Veal, Lydia Khalil, Holly Benton June 10, 2010 Contents Executive Summary 2 Cover, Table of Contents and Formatting 3 Introduction 3 Independent Auditor’s Report 5 Management’s Discussion and Analysis 6 Basic Financial Statements 6 Government-wide Financial Statements 7 Fund Financial Statements 8 Government, Proprietary
Words: 11429 - Pages: 46
Impact of Unethical Behavior Article Analysis Reporting financial statements within a business or company is more than a must; it is a necessity to keep ones business up and running. If one were to report false information on any kind of financial statements it then could be costly for the company or business. This is known as unethical behavior in accounting. The unethical behavior in accounting would be to mislead financial analysis for personal gain, misuse of funds, overstating revenue
Words: 541 - Pages: 3
GAAP and IFRS Convergence Kenneth DeWitte Strayer University 1. Describe IFRS and GAAP and what convergence means. The International Financial Reporting Standards (IFRS) is the accounting framework used by the European Union, Japan, Canada, and other world economic leaders. The IFRS is based on the tenets of understandability, reliability, and comparability. It is based off the International Accounting Standards (IAS) and had the opportunity to be built from accounting ideas and principles
Words: 1121 - Pages: 5
Financial Statement Differentiation Joshua Tabaka University of Phoenix ACC/561 WH12MBA06 March 20, 2013 Instructor: Norris Dorsey Workshop 1 Financial Statement Differentiation There are four major types of financial statements and they include the balance sheet, income statement, statement of equity and statement of cash flows. The balance sheet shows the assets, liabilities and equity balances as of a given point in time. It will typically show the short-term and long-term
Words: 519 - Pages: 3
Financial Statements Acc 561 David Kochevar October 27, 2012 Knowing a business and what they go through to keep it up and running is a lot of work to do and a lot to deal with. I was always told that being a consumer is the easiest part
Words: 692 - Pages: 3
are integrating it into New Zealand’s business sector, and lastly, the four Tiers of the PBEs and what they will now be required to comply with. A Not-for-Profit (NFP) organisation is a business that aims to break even with neither a profit nor loss to be given to any individual involved with the organisation. Under the old financial reporting standards NFP organisations were not required to prepare any financial statements and thus many users had no idea just what was happening in the organisation
Words: 1016 - Pages: 5
Week Four Reflections Allyson Bara, Courtney Heiser, Torie Jones, Kristie Laughinghouse, Stefanie Olney, Lynette Plowe ACC/291 Principles of Accounting II April 29, 2013 Professor Beth Baligrosky Week Four Team Reflection In week four, the objectives were define as prepare a statement of cash flows using both direct and indirect methods, apply ratio, vertical, and horizontal analyses to financial statements and prepare journal entries associated with the issuance of preferred and common stocks
Words: 989 - Pages: 4
Financial Statements Paper Every business, no matter its size or scale, relies on accounting as a tool to make sound economic decisions. The purpose of accounting is to show the financial health of a business through a series of financial reports or statements (Weygandt, p. 4, 2008). These statements will show how the company’s revenue is obtained as well as on what the company is spending its money. These statements are prepared by qualified persons such as CPAs, or certified public accountants
Words: 800 - Pages: 4
