AT1 Assessment Activity 1 1. Why is it necessary for business organisations to collect, file and maintain financial records? * Financial and other records are legally required to be kept for up to 7 years or more as a legal requirement * Collection, filing and maintaining of relevant financial information is pertinent to running a successful business * Records can help make financial decisions * Financial records can also show where there are gaps in budgets and financial plans
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Financial Statement 1 Financial Statement Analysis YOUR NAME Axia College of University of Phoenix Financial Statement 2 Financial statements are often t he life line of a company. These statements show a company manager how viable the organization is and how profitable it has been. If this financial statement is not interpreted right it could cause the reader to make some serious mistakes when making the firm’s financial decisions. Financial statements provide an
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disbursements and used procedures to check the honesty and reliability of employees. A study of the evolution of accounting suggests that accounting processes have developed primarily in response to business needs. Also, economic progress has affected the development of accounting processes. History shows that the higher the levels of civilization, the more elaborate the accounting methods. 1.1 Primitive Accounting People in all civilizations have maintained various types of records of business activities
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of the study are: i. To identify the users of accounting information ii. To discuss how the users use the accounting information iii. To figure out the various uses of accounting information iv. To figure out the uses of accounting information in various sectors. Limitations of the Study: 1. Time constraint 2. Resource constraint Users of Accounting Information: The differences in the decisions divide the users of accounting information into two broad groups. They are: a. Internal
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Financial Statements Paper Brittany Williams University of Phoenix Principles of Accounting I ACC/290 Kelvin Chang November 26, 2013 Financial Statements Paper In the accounting world, there are four basic financial statements that are normally prepared by profit-making organizations. These are balance sheet, income statement, statement of retained earnings, and statement of cash flows. Each of these statements serves a very important purpose in keeping track of the finances for a company
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Financial Accounting for Decision Makers Visit the Financial Accounting for Decision Makers, sixth edition Companion Website at www.pearsoned.co.uk/atrillmclaney to find valuable student learning material including: G G G G G Self assessment questions to test your learning A study guide to aid self-learning Revision questions and exercises to help you check your understanding Extensive links to valuable resources on the web Comments on case studies to aid interpretative and analytical skills
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transactions that change a company's financial statements in the periods in which the events occur. | Accruals Adjusting entries for either accrued revenues or accrued expenses. | Accrued expenses Expenses incurred but not yet paid in cash or recorded. | Accrued revenues Revenues for services performed but not yet received in cash or recorded. | Acid-test (quick) ratio A measure of a company's immediate short-term liquidity; computed by dividing the sum of cash, short-term investments, and net receivables
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Business Analysis II To be a successful business, strategic planning must occur. Businesses do not survive long without the ability to successfully manage finances. Companies must monitor processes against the plans and make adjustments as necessary. It is necessary to review and balance financial statements often. Financial management is a comprehensive tool that monitors and can improve a company’s success. These conditions may adversely affect consumers, mortgages, investments, investment banking
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[pic] [pic] Income Statement/Profit and Loss Account- PART 1 – Based on a case study relating to book 3 Session 3 & 5 1 (a) Shows the overall actual income, verses costs of a business for a given period of time-: 1. The breakdown of expenses -indirect and direct. 2. Increases/decreases in specific areas. 3. Increases/decreases in income for a period of time. 4. The net profit of a business (N.B, this does not include the value of assets/chattels, just profitability). 5.
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Report on | Financial Statement Analysis & Valuation of Monno Jute Stafllers | A report on “Financial Statement Analysis & Valuation of Monno Jute Stafllers ” Course Title: FINANCIAL STATEMENT ANALYSIS & VALUATION Course Code: F-401 Submitted To: Dr. Mahmood Osman Imam Professor Department of Finance, University of Dhaka Hussain Ahmed Enamul Huda Lecturer Department of Finance, University of Dhaka Submitted By: Sayma Khair 17-115 BBA 17th batch 4th
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