1. Explain the various financial statements like balance sheet‚ income statement‚ and statement of cash flow and owner’s equity with its advantages and disadvantages of preparing this statement with an example. INTRODUCTION Financial statements provide information of value to company officers and various external parties‚ such as investors and lenders of funds. Publicly owned companies are required to publish general-purpose financial statements that include a balance sheet‚ income statement
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0000000000500020599 DDA Statement Period Date: 12/24/2011 - 1/23/2012 Account Type: Club 53 Account Number: 500020599 (EASTERN MICHIGAN) P.O. BOX 630900 CINCINNATI OH 45263-0900 LEON & FLORENCE TAVERNIER TRUST LEON E TAVERNIER TRUSTEE FLORENCE E TAVERNIER TRUSTEE UAD 02 14 81 870 ALPINE DR BRIGHTON MI 48116-1748 Banking Center: Brighton Customer Service: 1-800-972-3030 Internet Banking & Bill Payment: www.53.com 0 630 RING IN THE NEW YEAR WITH A RESOLUTION THAT PAYS! GET AN INTEREST BONUS WHEN YOU REACH YOUR
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4-1 4 Income Statement Usefulness Predicting future performance. 4-2 Evaluate past performance. Help assess the risk or uncertainty of achieving future cash flows. Income Statement Limitations Companies omit items that cannot be measured reliably. 4-3 Income is affected by the accounting methods employed. Income measurement involves judgment. Income Statement Quality of Earnings Companies have incentives to manage income to meet
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1. Describe the situation of the Lehman brothers from an ethics perspective. What’s your opinion of what happened here? Lehman’ executives exploiting loopholes in the accounting standards to manipulate their balance sheet in order to mislead the investing public is the ethical issue that contributed to the company’s collapse. Lehman was able to clear vast amounts of unprofitable assets off of its balance sheet instead of selling them at a loss by using Repo 105. There was evidence that the chief
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Key pointers to balance sheet and profit and loss statements: A balance sheet represents the financial affairs of the company and is also referred to as “Assets and Liabilities” statement and is always as on a particular date and not for a period. A profit and loss account represents the summary of financial transactions during a particular period and depicts the profit or loss for the period along with income tax paid on the profit and how the profit has been allocated (appropriated).
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Professor Coyle Auditing-Case Write Up 30 September 2014 The Leslie Fay Companies Case Summary The Leslie Fay Companies is a women’s apparel manufacturer headquartered in New York‚ but with its accounting offices located in Pennsylvania. The company performed business in a way that did not utilize modern computerized systems to track sales and growth‚ but in an old-fashioned way that yet‚ still let them perform well in their revenues and earnings. The major names in this case include the CEO of Leslie
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1.Describe the orchestra’s pay structure in terms of levels‚differentials and job or person base approach. There is a lot of information is lacking in the orchestra case which make it difficult to draw the persuasive conclusions about the Orchestra compensation strategy. Let’s assume that internal and external factors are normal and the orchestra is operating their business under favorable circumstances. Under these circumstances‚ the orchestra pay structure is hierarchical‚ narrowly graded‚ vertical
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CONCEPTS ASSIGNMENT-1 1. Discuss the role of various approaches of management in management theory. Which approach‚ do you think‚ adequately clears the nature of management? ……………………………………………………………………………[10 marks] 2. “Decision making is the primary task of the management”. Discuss this statement and explain the process of decision making. [10 marks] ASSIGNMENT-2 1. What are the leadership qualities that you would look for
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Case 4. “Living by Number – Value Creation or Profit?” 1. Determine the economic earnings of MarineCorp Sdn Bhd (MarineCorp)‚ Green Port Sdn Bhd (Green Port) and Sungai Emas Sdn Bhd (Sungai Emas Port) Economic Earnings = NOPAT – (WACC x Average Invested Capital) = NOPAT – Capital Charged (a) MarineCorp Sdn Bhd Economic Earnings = RM 15‚128‚917 – RM 854‚306 = RM14‚274‚611 (b) Green Port Sdn Bhd Economic Earnings = RM 31‚381‚168 – RM 45‚969‚400 = (RM 14‚588‚232) (c) Sungai
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FNCE10001 Finance 1 Student No. 614024 Student Name: Xi Feng Tutorial time: 10-11 am Monday Tutor Name: Sarah Case Assignment 1 Abstract The purpose of this report is to discover the current state of the overall risk level in NAB confronting a severe situation of low level of cash‚ also to investigate the methods to manage the risks and to overcome the state. Introduction There has been a very low level of cash and liquid securities possessed by NAB. In order to prevent this state from continuing
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