Preview

Dr Hickman Summary

Satisfactory Essays
Open Document
Open Document
129 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Dr Hickman Summary
Dr. Hickman, notes that comes with financial statements are additional information designed to helps the reader better understand the information that is within it (Edmonds, Tsay & Olds, 2011). The notes sections of the financial statements provide clarity to different parts of the documents (Smith & Hillon, 2005). Depending on the type of financial statements, the type of notes could vary. The financial statement notes are essential to helping the reader make better decisions or assumptions about the companies. The notes include detail information that is not in the financial statements. For example, if a company has a negative cash flow from operation and have a growth in inventory, it could be explained in the notes to explain why the cash

You May Also Find These Documents Helpful

  • Good Essays

    A Financial Statement can be defined as, “Summary report that shows how a firm has used the funds entrusted to it by its stockholders (shareholders) and lenders, and what is its current financial position” (Business Dictionary, 2011). The Financial information is required for various users to make an informed Decision. “The purpose of financial information is to provide inputs for decision making” (Kimmel, Weygandt, Kieso, 2009, Para 1, p. 6). There are four different parts covered in a Financial Statement; those are Balance Sheet, Income Statement, Retained Earnings Statement, and Statement of Cash flow. The assignment will elaborate the purpose of each statement and differentiate its utility for different…

    • 749 Words
    • 3 Pages
    Good Essays
  • Better Essays

    A financial statement is a statement, or formal record, that lays out the activities of a business, person, or other entity. Quarterly or yearly financial information is put into relative categories and displayed to show how the company is matching up to expectations. For larger corporations, these statements may include large amounts of side notes and subcategories to show all the parts that the company may have connected to the larger company structure.…

    • 814 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    2010 06 12 220002 Lowproc

    • 4945 Words
    • 8 Pages

    are things of value owned by a business. 3. Notes to the financial statements are optional. help clarify information presented in the financial statements. are generally brief and few in number. need not be read in detail if an unqualified opinion accompanies the financial statements. 4.…

    • 4945 Words
    • 8 Pages
    Satisfactory Essays
  • Better Essays

    The first financial statement is the balance sheet. The balance sheet provides a portrait of the company’s assets and liabilities. The balance sheet is the statement of financial position at a given point (Quick MBA, 2010). The second financial statement, the income statement, reports the revenues, and expenses during the same timeframe as the balance sheet. Revenue is the monies the company is gaining after expenses. The third statement is called the retained earnings statement, which explains changed in retained earnings. The retained earnings are changed by the company’s income and dividends. The retained earnings statement uses information form the income statement, which changes the financial information on the balance sheet. The final financial statement is the statement of cash flows. The statement of cash flows shows where the business obtained cash during a period of time and how that cash was used (Kimmel, Accounting, 3/e).…

    • 910 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    Once this financial information has been stored in the accounting records, it is usually compiled into financial statements, which include the following documents: income statement, balance sheet, statement of cash flows, statement of retained earnings, and disclosures or notes that accompany the financial statements.…

    • 580 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    ACC 290 wk 1

    • 551 Words
    • 3 Pages

    The balance sheet “reports assets and claims to assets at a specific point. Claims to assets are subdivided into two categories: claims of creditors and claims of owners” (Kimmel, Weygandt, & Kieso, 2011, p. 13). Statement of cash flows “primary purpose is to provide financial information about the cash receipts and cash payments of a business for a specific period. To help investors, creditors, and others in their analysis of a company’s cash position, the statement of cash flows reports the cash effects of a company’s operating, investing, and financing activities” (Kimmel, Weygandt, & Kieso, 2011, p. 15).…

    • 551 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Lowe's Research Paper

    • 5203 Words
    • 21 Pages

    The financial statement is a written report which quantitatively describes the financial health of a company. This includes a balance sheet and income statement. The Balance Sheet is a quantitative summary of a company 's financial condition at a specific point in time. It contains…

    • 5203 Words
    • 21 Pages
    Powerful Essays
  • Good Essays

    Dr Frank Ochberg Summary

    • 446 Words
    • 2 Pages

    PTSD and Veterans: A Conversation with Dr. Frank Ochberg documents an interview of Dr. Frank Ochberg, M.D. by broadcast journalist, Mike Walter. Dr. Ochberg is a leading psychiatrist in the treatment of posttraumatic stress disorder (PTSD) with over 30 years of field experience. He is credited with editing the foremost text for the treatment of PTSD as well as participating in the team that created the medical definition for the diagnosis. Throughout the interview, Dr. Ochberg discussed many facets of PTSD as it relates to working with military veterans as well as working with civilians. In fact, he highlighted that there is no specific differentiation between civilian PTSD and that experienced by veterans. Dr. Ochberg discussed characteristics of an effective counselor for working with those that have experienced trauma, common problems encountered, approaches to utilize, as well as the treatment of co-occurring disorders such as depression (Gift from Within, 2008).…

    • 446 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Read an article on a Doctor who operated on an unborn baby. Dr. Michael Harrison which referred to the unborn child a patient” It seem he was comfortable identifying the unborn as human. It appears that Dr. Michael Harrison, who called the babies he operated on a mere eight years after Roe “unborn patients,” he was comfortable speculating that the unborn child is human. Also, it ought to be clear to anybody with an ethical area that regardless of the possibility that there was vagueness on the meaning of human life, so this fair and high-minded country flavor the rights to abortion.…

    • 312 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Dr David Colby Summary

    • 746 Words
    • 3 Pages

    The argument of whether or not wind turbines produce ailments seems to be quite controversial in claiming who is right and wrong between Dr. David Colby and Dr. Bob McMurtry. Its hard to judge who should be named correct and accurate based on the information given, but with the support of assessing someone’s credibility, I would have to lean more towards Colby’s theory. There is sufficient reasoning behind selecting either one of these doctors, as they are in fact, both licensed doctors. However, the evidence and information that Colby has provided to the reader seems to be slightly more convincing than that of McMurtry’s.…

    • 746 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Summary: Hi Dr. Combs

    • 119 Words
    • 1 Page

    Thank you for your compliments. I'm sure you will enjoy your double cash back card from Citi, it is a great.…

    • 119 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    Chapter 1 Study Guide

    • 22495 Words
    • 90 Pages

    A decision maker who wants to understand a company's financial statements must carefully read the notes to the financial statements because the notes provide useful supplemental information. True False…

    • 22495 Words
    • 90 Pages
    Powerful Essays
  • Satisfactory Essays

    Accounting Choice

    • 294 Words
    • 2 Pages

    To conclude, accounting policy choices are included in the notes to the accounts and provide businesses with flexibility in decision making on what depreciation or stock valuation methods to use. The notes to the accounts are important to stakeholders who rely on the information to make decisions, such as whether or not to invest in a…

    • 294 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    How many times have you heard someone say, “Let’s just grab a few drinks”? Only to wake up hours later in a strange place not knowing what took place the night before. Just one more drink can quickly spiral into five, 10, or even 15 and that’s when trouble starts.…

    • 812 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Cost Benefit Analysis

    • 581 Words
    • 3 Pages

    Describe the accounting packages used, include details of what training is given to staff, do they have operational manuals or other written info, do they have help menus.…

    • 581 Words
    • 3 Pages
    Good Essays