CHAPTER-1 1.1 INTRODUCTION The textile sector played a very important role in many developed /developing countries. In Bangladesh this sector has also contributed as well as still contributing towards the development of the socio-economic condition of the general masses. Textile industry has made substantial progress and has continued to contribute to the national economy, both by reducing imports and increasing exports. The existing scenario of the textiles sector is presented below:
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C H A P T E R A Further Look at Financial Statements o STUDY OBJECTIVES 2 T H E N AV I G AT O R I I I I Scan Study Objectives Read Feature Story Read Preview Read text and answer Before You Go On p. 58 p. 63 p. 69 p. 72 p. 75 Work Using the Decision Toolkit Review Summary of Study Objectives Work Demonstration Problem Answer Self-Study Questions Complete Assignments I I I I After studying this chapter, you should be able to: 1 meaning N Explain the principlesof generally
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should improve international financial reporting comparability in an increasingly global business environment. The conversion to IFRSs will potentially result in a myriad of changes in an entity’s financial statements, and, therefore, its performance metrics. In some cases these changes will have no material consequences. In others, however, the changeover will have a material impact on the majority of commonly used performance metrics. Users of financial reports need to be able to distinguish reported
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Cash Flow Statement Basics Χ The statement shows cash flow from operations, from investing, and from financing. The total of operating, investing, and financing cash flows equals the change in cash, through an algebraic identity. Χ Cash flow from operations is cash collected from the sales of goods and services and from investments (e.g., interest and dividends), less cash spent for operating expenses. These include cash paid to suppliers, employees, interest, tax, and other miscellaneous
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basic elements of financial statements. •6 •7 Describe the basic assumptions of accounting. Explain the application of the basic principles of accounting. Describe the impact that constraints have on reporting accounting information. •8 •5 What Is It? Everyone agrees that accounting needs a framework—a conceptual framework, so to speak—that will help guide the development of standards. To understand the importance of developing this framework, let’s see how you would respond in the
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Financial Management for a Small Business Participant Guide Table of Contents Welcome ................................................................................................................................................................................. 3 What Do You Know? Financial Management for a Small Business ................................................................................ 4 Pre-Test ................................................................................
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i. How is the IASB made up? The international accounting standards board have a variety of backgrounds with a mix of auditors, prepares of financial statements, users of financial statements and academics that has a fourteen-member board (twelve full time members and two part-time members) from nine countries. ii. Objectives of the IASB There are three main objectives of the international accounting standards board a) To develop in the public interest, a single set of high quality, understandable
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Balance Sheet 11 5.1 Assets 11 5.1.1 Cash and Cash Equivalent 11 5.1.2 Temporary Investments 12 5.1.3 Accounts Receivable 12 5.1.4 Inventory 12 5.1.5 Prepaid Expenses 13 5.1.6 Total Current Assets 13 5.1.7 Property, Plant and Equipment (PPE) 13 5.2 Liabilities 14 5.3 Stockholders’ Equity 14 6.0 Working Capital 14 6.1 Current Ratios 15 6.2 Financial Leverage 15 7.0 Income Statement 15 7.1 Profit Margins 16 8.0 Cash Flow Statement 17 8.1 Financial Ratio Analysis 18 8.1
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Management | 0.00 | 0.82 | 0.26 | 0.70 | Asset Management | 0.00 | 3.59 | 0.40 | 0.97 | Manufacturing Productivity | 0.00 | 1.00 | 0.27 | 0.89 | Financial Risk | 0.00 | 1.00 | 0.34 | 1.00 | A2 – Income Statement ------------------------------------------------- Top of Form Income Statement | | Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 | Gross Profit | Revenues | 0 | 3,644,137 | 4,627,251 | 6,353,663 | - Rebates | 0 | 41,375 | 50,913 | 69,675 | - Cost of Goods Sold | 0 |
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GAAP and non-GAAP earnings measures, and why the Street might be more interested in cash and recurring earnings in attempting to predict movements in stock price. It also provides the instructor with an opportunity to discuss the dangers of allowing firms to emphasize earnings in their press releases that are not defined by an external authoritative body (such as the Financial Accounting Standards Board [FASB]), and how this can hurt the consistency and reliability of reporting. This is an important
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