Al Americana's Consolidated Financial Statements: Case Study
Q1:
Al Americana's Consolidated Financial Statements are the joined financial statements of a parent Americana and its backups , the significance of the Consolidated Financial Statements is that it gives a superior search for the monetary position of a parent organization and its subsidiaries.
The main component of Al Americana’s Consolidated Financial Statements are the financial statements like:
(Consolidated Statement of Income, Consolidated Balance Sheet, Income, Changes in Equity and Consolidated Statement of Cash Flows)
Q2:
these consolidated financial statements 2015 have been set up as prepared according to (IFRS) International Financial Reporting standards, it have been set up on the historical cost premise with the exception …show more content…
Also, these a portion of the IFRS Amendments that the consolidated financial statements has been based upon it for the present year:
Amendments to IAS 19 Defined Benefit Plans: Employee Contributions
IFRS 2 Share-based …show more content…
What's more, this is a more regrettable outcome to the organization without a doubt the year 2015 is more terrible in light of the fact that the net salary diminished by (29738000).
Q9- the current ratio formula is
Current Ratio = Current Assets / Current Liabilities
current ratio at December 31, 2015 =
361,047000/236,971000=1.5
current ratio at December 31, 2014 =
331,914000/230419000 = 1.44
the company’s ability to pay its current debts has been improved as the current ratio increased from 1.44 to 1.52 .
The higher value current ratio, the more ability of the company to pay its obligation.
Q10-
DEBT RATIO = TOTAL LIABILITIES / TOTAL ASSETS
the debt ratio for Al Americana as of December 31 2015
= 291,741000 /692666000 =0.42 = 42%
the debt ratio for Al Americana as of December 31 2014
=282,659000/688192000=0.41 =
Al Americana's Consolidated Financial Statements are the joined financial statements of a parent Americana and its backups , the significance of the Consolidated Financial Statements is that it gives a superior search for the monetary position of a parent organization and its subsidiaries.
The main component of Al Americana’s Consolidated Financial Statements are the financial statements like:
(Consolidated Statement of Income, Consolidated Balance Sheet, Income, Changes in Equity and Consolidated Statement of Cash Flows)
Q2:
these consolidated financial statements 2015 have been set up as prepared according to (IFRS) International Financial Reporting standards, it have been set up on the historical cost premise with the exception …show more content…
Also, these a portion of the IFRS Amendments that the consolidated financial statements has been based upon it for the present year:
Amendments to IAS 19 Defined Benefit Plans: Employee Contributions
IFRS 2 Share-based …show more content…
What's more, this is a more regrettable outcome to the organization without a doubt the year 2015 is more terrible in light of the fact that the net salary diminished by (29738000).
Q9- the current ratio formula is
Current Ratio = Current Assets / Current Liabilities
current ratio at December 31, 2015 =
361,047000/236,971000=1.5
current ratio at December 31, 2014 =
331,914000/230419000 = 1.44
the company’s ability to pay its current debts has been improved as the current ratio increased from 1.44 to 1.52 .
The higher value current ratio, the more ability of the company to pay its obligation.
Q10-
DEBT RATIO = TOTAL LIABILITIES / TOTAL ASSETS
the debt ratio for Al Americana as of December 31 2015
= 291,741000 /692666000 =0.42 = 42%
the debt ratio for Al Americana as of December 31 2014
=282,659000/688192000=0.41 =