1 General-purpose financial statements are the product of a. financial accounting. b. managerial accounting. c. both financial and managerial accounting. d. neither financial nor managerial accounting 2 . Users of financial reports include all of the following except a. creditors. b. government agencies. c. unions. d. All of these are users. 3 . Which of the following statements is not an objective of financial reporting? a. Provide
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company’s resources and their claims to those resources 3. Basic Accounting Equation e. Assets = Liabilities + Stockholders’ Equity f. Assets viii. Resources owned by the company ix. Land, building, equipment, cash, inventory, etc. g. 2 parties of the company claim the resources x. Creditors xi. Investors h. Liabilities xii. Amounts owned to creditors xiii. Ex. Amounts owed to bank, suppliers, government
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Fig. 4 : 5 years Statistic: Profit for the year attribute to ShareholderProfit and Loss Analysis | 7-8 8 8 9 | 4.i.ii. | CASH FLOW Cash Flow Statement Nestle (M) Berhad for the year ended 31 December (2007 – 2011) Fig. 5 : Cash Flow Statement Fig. 6 : Net Cash from Operations Increasing Cash Flow Analysis | 9 10-11 11 11-12 | 5. i. a. b. c. d. e. f. g. | PERFORMANCE ANALYSIS RATIOFinancial Ratio for Nestle (M) Berhad Fig. 7 :
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Corporate Financial Accounting and Reporting Tim Sutton second edition Corporate Financial Accounting and Reporting We work with leading authors to develop the strongest educational materials in business and finance, bringing cutting-edge thinking and best learning practice to a global market. Under a range of well-known imprints, including Financial Times Prentice Hall, we craft high quality print and electronic publications which help readers to understand and apply their content, whether
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additional revenue and gross profit to help reach the growth targets. On this paper I would go over the details of the report made for the CEO that includes information on the overall risk profile based on actual market conditions, a current company cash flow, the product cost and any potential investments that might accelerate profits. The Risk profile for this company includes several different factors that are mostly due to current market conditions, and the level of risk the company will face
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Face-to-face hand-in #4 Topic: Capital Assets – Part 2- Continued Walid Siyam (100530872) PART 1 FINANCIAL STATEMENTS For Part 1, use Westjet’s Group’s 2013 consolidated financial statements and the Annual Report. 1. What amount of intangible assets does Westjet report on December 31, 2013? What is the change over the prior year? On December 31, 2013 WestJet reported an amount of $58,691 for the Intangible assets. Has changed to an increase of $7,883 (58691-50
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the accounting world you will be required to deal with the four financial statements, the balance sheet, the income statement, the statement of cash flows, and the owner’s equity statement. The purpose of the balance sheet is to reveal the economic/financial position of the company at a set point in time. The balance sheet follows the basic accounting equation, assets = liabilities + owner’s equity. The income statement is what an accountant uses to determine the operation of a business. You
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University of Phoenix Material Financial Statement Review What is the net income for the current fiscal year? Is it up or down from the prior year? Why would this information be important to investors? APPLE Inc. net income as September, 27 2014 is $39,510 millions( p26) which is up from the prior year ( $37,037 millions). This information is important for investors because It determines the efficiency and profitability of a company. The net income is usually used in Ratio analysis, where
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legislators, government officials, contributors to nonprofits, suppliers and customers. 4. Business owners and managers use accounting information to help answer questions such as: What resources does an organization own? What debts are owed? How much income is earned? Are expenses reasonable for the level of sales? Are customers’ accounts being promptly collected? 5. Service businesses include: Standard and Poor’s, Dun & Bradstreet, Merrill Lynch, Southwest Airlines, CitiCorp, Humana, Charles Schwab
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Chapter 1 1. What is finance * Finance is the study of the flow of money * Borrowing and lending * Financial institutions-the middle man * Financial instruments and markets 2. Fields and jobs in finance * Money and capital market * Markets and institutions that provide short and long term capital: investment banks, banks, mutual funds, insurance companies, stockbrokers * Regulators: Fed, SEC (security and exchange commission) * Investments * Security analysis
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