General Motor
“Financial Reporting Problem”
By Yansel Padilla
General Motor (GM) provides their records assets in their yearly statement in which they provide to the public in December before the end of the year. Some of the assets mentioned on their balance sheet are in sequence of liquidity to make sure that the investors can see how much money is available in case they require the capital for growth or debts. It is extremely important for the administration to be conscious at all times of the business asset level to ensure that important decisions are being made, which in my opinion helps to decided which path the business takes. Some decision on whether or not to launch a line of cars (inventory) or construct a new plan (fixed assets), would affect the volume of the present available assets. It is incredibly important to notice the assets that are being described as any other assets that will change into money within the 12 month period.
General Motor (GM) by the end of 2010 had a total of $138,898.00 million in total assets. The 45 percent of these assets are regarded as the present assets and are obtainable by the organization at any time to pay debts, invest, or grow. The other 55 percent of General Motor’s assets are fix and non-current assets, which mean that it’s less liquid and it would require time to change into money in the case the scenario arose.
The total of General Motor assets at the end of 2009 were $136,295.00 Million. These shows a 1 percent grow in 2010, which as described to the shareholders is regarded as a dull rate of growth. This demonstrates the improvement was achieved by the end of 2010; it also is view as the company’s rate of growth is almost at a standstill pace. In the case of both year 2009 and 2010 current assets were compared to the previous year of 2008, it would indicate that the positive growth in the investor eye and since the comparison to 2008 vs. 2009 and 2010 only represent a 15 percent growth in the assets.
This report was
By Yansel Padilla
General Motor (GM) provides their records assets in their yearly statement in which they provide to the public in December before the end of the year. Some of the assets mentioned on their balance sheet are in sequence of liquidity to make sure that the investors can see how much money is available in case they require the capital for growth or debts. It is extremely important for the administration to be conscious at all times of the business asset level to ensure that important decisions are being made, which in my opinion helps to decided which path the business takes. Some decision on whether or not to launch a line of cars (inventory) or construct a new plan (fixed assets), would affect the volume of the present available assets. It is incredibly important to notice the assets that are being described as any other assets that will change into money within the 12 month period.
General Motor (GM) by the end of 2010 had a total of $138,898.00 million in total assets. The 45 percent of these assets are regarded as the present assets and are obtainable by the organization at any time to pay debts, invest, or grow. The other 55 percent of General Motor’s assets are fix and non-current assets, which mean that it’s less liquid and it would require time to change into money in the case the scenario arose.
The total of General Motor assets at the end of 2009 were $136,295.00 Million. These shows a 1 percent grow in 2010, which as described to the shareholders is regarded as a dull rate of growth. This demonstrates the improvement was achieved by the end of 2010; it also is view as the company’s rate of growth is almost at a standstill pace. In the case of both year 2009 and 2010 current assets were compared to the previous year of 2008, it would indicate that the positive growth in the investor eye and since the comparison to 2008 vs. 2009 and 2010 only represent a 15 percent growth in the assets.
This report was