1.) Although one of the main purposes of an auditor is to keep a client’s financial statements fairly stated, I do not believe that it is solely the auditors’ responsibility to discover fraud. The auditors in this case varied distinctively in performing their required duties. The fact that the original auditors, Friehling & Horowitz, failed to even view ZZZZ Best perform any revenue generating activities shows a serious lack of responsibility and professionalism by the auditors. The larger CPA
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can very easily customize the report to meet such a requirement. A financial analysis of the selected organization is also presented in the report which includes a ratio analysis, basic profit and loss analysis, presentation of the company balance sheet, and much more. Any extra request for data on a company can further be incorporated in this profile at no extra charge to our customers. A SWOT Framework Analysis of that company as well as its competitors completes this in-depth product -
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income |กำไรสะสม | | | | |account balance |ยอดดุลในบัญชี | | | | |account
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Chapter 5 REVENUE AND MONETARY ASSETS Changes from Tenth Edition The chapter has been updated. The SEC’s SAB101 Revenue Recognition tests have been added. Approach The sequence of transactions for accounts receivable and bad debts often causes difficulty; indeed, the time that one is sometimes forced to spend on this topic is all out of proportion to its importance. Students often do not understand why an Allowance for Bad Debts account is necessary at all; they do not grasp the notion
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financial statements of AB Bank Limited (“the Bank”) and its subsidiaries, namely, AB Investment Limited, AB Securities Limited, Cashlink Bangladesh Limited, AB International Finance Limited and AB Exchange (UK) Limited which comprise Consolidated Balance Sheet at 31 December 2011 and Consolidated Profit and Loss Statement, Consolidated Cash Flow Statement, Consolidated Statement of Changes in Equity and Liquidity Statement for the year then ended, and a summary of significant accounting policies and
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Nike’s Financial Analysis Antonio Sanguinetti Dr. Muleka Kikwebati Strayer University Financial Management March 10, 2012 Table of Contents Abstract 3 History 4 Scope of international operations. 5 Capital structure. 5 Ratios. 6 Dividends 7 Recent stock performance. 8-9 SWOT Analysis 10-12 Final Thoughts 13-14 References 15 Appendixes 16 Abstract The purpose of this paper is to provide investors with comprehensive information on Nike, its financial health and activities
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FINANCIAL STATEMENT ANALYSIS OF TWO INDUSTRY GIANTS POLARIS INDUSTRIES AND ARCTIC CAT [pic] [pic] [pic] [pic] Question 1: Describe each business in terms of its market, strategy, business model, or distinctive competence. History: Polaris Industries and Arctic Cat Polaris Industries was founded by Edgar Hateen in 1952 in the town of Roseau, Minnesota and introduced the world’s first Snowmobile (at that time called a
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investors to make the appropriate decisions when it comes to investing or calculating a company’s ability to pay back debts and move forward. In order to form a statement of cash flows you need to have three things. First would be comparative balance sheets to analyze the difference between the beginning and end of the period. Second you would need a current income statement to shows how cash was used and gathered in that period. And finally you would need any additional paperwork that would better
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Go to the SEC Web site, follow the “Search for Company Filings” link, the “Companies & Other Filers” link, enter “Dell Computer,” and search for SEC filings made by Dell. Find the most recent 10Q and 10K and download the forms. Look on the balance sheet to find the book value of debt and the book value of equity. If you look further down the report, you should find a section titled either “Long-term Debt” or “Long –term Debt and Interest Rate Risk Management” that will list a breakdown of Dell’s
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statement Ratio analysis- This is the relationship between the vertical and horizontal analysis, this is used to calculate the financial trends for a number or years Calculations- Liabilities and Assets for PepsiCo Inc. based on their consolidated Balance Sheet 2005 Current Ratio= 10,454 (Current Assets) | = 1.11% | 9,406 (Current Liabilities) | 2004 Current Ratio= 8,639 (Current Assets) | = 1.28% | 6,752 (Current Liabilities) | | Vertical
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