updates and changes from the last financial year-end are required to be disclosed. Financial report fot eh final interim period (i.e. 4th quarter) is not necessary, but … if an estimate is changed significantly during the final interim eriod, the nature nad amount of the change should be disclosed in the annual statements. Corporate disclosure policy – price-sensitive information That is necessary to avoid the
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Financial Statement Analysis in Mergers and Acquisitions Financial statement analysis is used in estimating the ‘value’ of the shares or net assets of the target company, and in determining the price and terms of a transaction the acquirer is prepared to offer and accept. The principal determinants of the value of the shares are: 1) after-tax cash flows that will be generated 2) the acquirer’s required rate of return 3) non-operating assets 4) amount of interest-bearing debt Forecast financial
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Finance Assignment Names: ABRAR MOHAMMAD MAHA MOHAMMAD Student I.D.’s: 7611, 7422 Class: C-17 Course Title: Principles of Finance Course Code: FIN211 Introduction Financial Statement: It is a formal record of the financial activities of a business, person, or other entity. In British English—including United Kingdom company law—a financial statement is often referred to as an account, although the term financial statement is also used, particularly by accountants
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a) They are the leading producer of packaged consumer foods and operate exclusively in the consumer foods industry. According to the financial statements, GM makes most of the money from sales. They have 3 segments US Retail, Bakeries and Food Services and International. b) The following are the financial statements that are commonly prepared for external reporting purposes. 1) Balance sheet 2) Income Statement 3) Statement of cash flow 4) Statement of Stockholder’s equity GM
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IAS 12, Income Tax By Graham Holt Studying this technical article and answering the related questions can count towards your verifiable CPD if you are following the unit route to CPD and the content is relevant to your learning and development needs. One hour of learning equates to one hour of CPD. We'd suggest that you use this as a guide when allocating yourself CPD units. IAS 12 uses a liability method and adopts a balance sheet approach to accounting for taxation. It accounts for the temporary
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profit | 600,000 | 650,000 | 600,000 | |Selling, general, and administrative expense | 500,000 | 500,000 | 400,000 | |Goodwill impairment | 750,000 | - | - | |Operating income (loss) | (650,000) | 150,000 | 200,000 |
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--Future value of annuity due = (1+r) * P(((1+r)^n - 1)/r) --Bonds: Dr. Cash, Cr. Discount, Cr. Bonds Payable (par value) First entry for first payment of interest: Dr. Interest Expense, Cr. Cash, Cr. Discount on bonds payable --Cash: coin, currency, available funds on deposit at bank, money order, certified checks, cashier’s checks, personal checks, bank drafts, and saving accounts. Inclunding Cash equivalents: T-bill, commercial paper, money mkt funds. Restricted: plant expansion, retirement
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(long-term) assets because they produce benefits over several years. They are valuable because they provide rights and privileges to their owners. Examples of intangible assets are: trademarks, copyrights, patents, franchises, customer lists, and goodwill. Intangible assets have the following classifications: 1. Purchased vs. internally created intangibles 2. Limited-life vs. indefinite-life intangibles ← Purchased intangibles are recorded at the cost incurred to purchase an intangible
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The duty of the law as well as criminal justice is to punish individuals who break the law and to seek justice for the victims who experienced the crimes against them. All persons who commit crimes and are brought forth a judge should be accountable for their actions. The accountability can come in different forms from mandatory treatment programs, payment of fines, community service, and incarceration. However, there tends to be a fine line between the treatment of adults and juveniles and crimes
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What is Accounting? Accounting is the language of business Nature of Financial Accounting The Nature of Accounting is the identification, measurement and communication of financial information about economic entities to interested persons Objectives / functions of Financial Accounting One of the main functions of financial accounting is the preparation of final accounts, also commonly referred to as financial statements. Pillars of Accounting Assets Liabilities Capital Revenues Expenses
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