Financial Accounting Mba Assignment
Student ID: 7608756
FACC Assignment
FACC/Jul11/1
Ryan Marc Gonsalves
Ryan Marc Gonsalves MBSW 60127 FINANCIAL ACCOUNTING FACC/JULY11/1
Student ID: 7608756
Table of Contents
Table of Tables .................................................................................................................... 3 Table of Figures ................................................................................................................... 3 Introduction and Purpose ................................................................................................... 4 Question One (A): Financial Statements ............................................................................. 5 The Usefulness of Accounting Information ........................................................................ 6 Cash Flow Statement .......................................................................................................... 7 Operations ...................................................................................................................... 8 Investing .......................................................................................................................... 8 Financing ......................................................................................................................... 9 Net Cash and cash Equivalents ....................................................................................... 9 Question Two (A): Mr Wang’s Business ............................................................................ 10 Income Statement ........................................................................................................ 10 Statement of Financial Position .................................................................................... 12 Question Two (B) .......................................................................................................... 14
FACC Assignment
FACC/Jul11/1
Ryan Marc Gonsalves
Ryan Marc Gonsalves MBSW 60127 FINANCIAL ACCOUNTING FACC/JULY11/1
Student ID: 7608756
Table of Contents
Table of Tables .................................................................................................................... 3 Table of Figures ................................................................................................................... 3 Introduction and Purpose ................................................................................................... 4 Question One (A): Financial Statements ............................................................................. 5 The Usefulness of Accounting Information ........................................................................ 6 Cash Flow Statement .......................................................................................................... 7 Operations ...................................................................................................................... 8 Investing .......................................................................................................................... 8 Financing ......................................................................................................................... 9 Net Cash and cash Equivalents ....................................................................................... 9 Question Two (A): Mr Wang’s Business ............................................................................ 10 Income Statement ........................................................................................................ 10 Statement of Financial Position .................................................................................... 12 Question Two (B) .......................................................................................................... 14
Bibliography: Atrill, P., & McLaney, E. (2011). Financial Accounting for Decision makers (6th ed.). FT Prentice Hall. Elliott, B., & Elliott, J. (n.d.). Financial Accounting and Reporting (14th ed.). FT Prentice Hall. HSBC Corporation. (2011). Hong Kong Bank Foundation. Retrieved 2011, from Hong Kong Bank Foundation: http://www.30.hongkongbankfoundation.org/index.php/en/events HSBC Holdings plc. (2011). HSBC Holdings plc. Annual Report and Accounts 2010. London: Group Finance HSBC Holdings plc. IASB. (2011, February). Financial Statement Presentation. Retrieved August 2011, from IASB: http://www.iasb.co.uk/ Kocieniewski, D. (2011, March 24). GE Strategies Let It Avoid Taxes Altogether. Retrieved March 2011, from The New York Times: http://www.nytimes.com/2011/03/25/business/economy/25tax.html?_r=1&ref =business Sarbanes-Oxley Act Forum. (n.d.). sarbanes-oxley forum. Retrieved August 28, 2011, from sarbanes-oxley forum: http://www.sarbanes-oxleyforum.com/modules.php?name=Content&pa=showpage&pid=1 Weinstein, E. A. (2007, August). Materiality: Whose Business Is It? Retrieved August 2011, from CPA Journal: http://www.nysscpa.org/printversions/cpaj/2007/807/p24.htm 16 | P a g e