UVA-C-2297 July 28‚ 2009 DOG CONCIERGES‚ LLC: TRANSACTION ANALYSIS AND STATEMENT OF CASH FLOWS PREPARATION Part I Although he owned his own business‚ Jeff Birch was a financial novice. His passion was dogs‚ and he had finally made the move to start a specialty dog services business in an upscale section of a large mid-Atlantic city. In its first two years‚ Dog Concierges‚ LLC‚ had grown to about $650‚000 in sales. Historically‚ he had left all financial concerns in the hands of his sister‚ Jennifer
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Financial statements are essential accounting tools which include balance sheets‚ cash flow statements‚ and income statements that provide information on a company ’s past and present financial history. Information on financial statements can be used by any number of public and private entities to determine if an organization ’s financial status is healthy. Burger King and McDonald ’s are two organizations that use financial statements in conducting business. Further‚ this paper will discuss the
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Income/Sales = $ 12‚562‚200/$ 167‚310‚000 = 7.508% xi. Return on Assets (ROA) = Net Income/Total Assets = $ 12‚562‚200/$ 108‚615‚000 = 11.566% xii. Return on Equity = Net Income/Total Equity = $ 12‚562‚200/$ 6‚136‚000 = 22.700% QUESTION 2 Ratios | East Coast Yacht ratios | Yacht Industry Ratios | | | Lower Quartile | Median | Upper Quartile | Current Ratio | 0.750 | 0.5 | 1.43 | 1.89 | Quick Ratio | 0.436 | 0.21 | 0.38 | 0.62 | Total asset Turnover | 1.540 | 0.68 | 0.85
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(ED) 47 March 2012 Comments due: July 31‚ 2012 Proposed International Public Sector Accounting Standard Financial Statement Discussion and Analysis The International Public Sector Accounting Standards Board (IPSASB) sets International Public Sector Accounting Standards (IPSASs) for use by public sector entities‚ including national‚ regional‚ and local governments‚ and related governmental agencies. A key part of the IPSASB’s strategy is to converge the IPSASs‚ to the extent appropriate
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USES OF FINANCIAL STATEMENTS The financing‚ investing‚ and operating activities of a company are recorded by accounting systems in the form of detailed transactions. To effectively communicate a company’s activities to decision-makers‚ these detailed transactions are summarized and reported in a set of standardized reports called financial statements. The role of financial statements is to provide information that will help investors‚ creditors‚ and others make judgments and predictions that serve
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Bibliography: 1. Annual Report of Social Islami Bank Limited (2010) 2. Several Booklets from Social Islami Bank Ltd. 3. Several Newsletter s from Social Islami Bank Ltd. 4. Social Islami Bank web site‚ www.al-arafahbank.com 5. Credit Operational Manual of Social Islami Bank Limited. 6. ‘SHARIAH
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Introduction‚ Review of Accounting Process & Financial Statements Part I • Generally Accepted Accounting Principles (US GAAP) Generally Accepted Accounting Principles or U.S. GAAP refer to the standard framework of guidelines for financial accounting used in any given jurisdiction; generally know as Accounting Standards. GAAP includes the standards‚ conventions‚ and rules accountants follow in recording and summarizing‚ and in the preparation of financial statements (Wikipedia‚ n.d.). Although quite
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Analysis of an AA Recovery Story: IT MIGHT HAVE BEEN WORSE. “Nothing truly valuable arises from ambition or from a mere sense of duty; it stems rather from love and devotion towards men.” (Albert Einstein) THEMES Social Influence: High parental expectations: were put on him: “the ambition to succeed was instilled in me.” Having idealised his family (a “fine” one)‚ he followed what they told and showed him‚ and from early age‚ worked in all his spare time‚ after school and during vacations
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Abstract In this paper I will identify the four basic financial statements‚ discuss how they are interrelated with each other‚ and why they are useful to managers‚ investors‚ creditors‚ and employees. BALANCE SHEET A balance sheet provides detailed information about a company’s assets‚ liabilities and shareholders’ equity. Assets are things that a company owns that have value. This usually means they can either be sold or used by the company to make products or provide services that can be
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[pic] NOTES TO FINANCIAL STATEMENTS 37.3 Fair values of financial assets and liabilities Fair value is the amount for which an asset could be exchanged‚ or a liability settled‚ between knowledgeable willing parties in an arms length transaction. Notes to the Financial Statements for the year ended June 30‚ 2008 (b) Credit risk Credit risk represents the risk of a loss if the counter parties fail to perform as contracted. The Company’s credit risk
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