13-113-2 FINANCIAL ANALYSIS: THE BIG PICTURE Accounting‚ Fourth Edition 1313-3 1. Understand the concept of sustainable income. 2. Indicate how irregular items are presented. 3. Explain the concept of comprehensive income. 4. Describe and apply horizontal analysis. 5. Describe and apply vertical analysis. 6. Identify and compute ratios used in analyzing a company’s liquidity‚ solvency‚ and profitability. 7. Understand the concept of quality of earnings. Study Objectives13-4 Sustainable
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(January–April): 1–22. Bannister‚ J. W.‚ and Newman‚ Harry A. 1996. Accrual usage to manage earnings towards financial forecasts Barnea‚ A.; Ronen‚ J.; and Sadan‚ S. 1975. The implementation of accounting objectives: An application to extraordinary items Beidlerman‚ C. R. 1973. Income smoothing: The role of management. Accounting Review 48 (October): 653–67. Boot‚ A. W. A.‚ and Thakor‚ A. V. 1993. Security design. Journal of Finance 48 (September): 1349–78. Boot‚ A. W. A.‚ and Thakor‚ A. V. 1997. Financial system
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responded to) OR 2. a particular organizational practice (something the organization does) OR 3. an event (some particular incident or series of incidents inside the organization) OR 4. a sub – unit (an organizational department department/division) . You will be able to choose from one of seven organizations: • Apple http://www.apple.com/ • South West Airlines http://www.southwest.com/ • The Hongkong and Shanghai Banking Corporation http://www.hsbc.com/1/2/home • Ben and
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Chapter 4 2. Inflation Effects on Exchange Rates. Assume that the U.S. inflation rate becomes high relative to Canadian inflation. Other things being equal‚ how should this affect the (a) U.S. demand for Canadian dollars‚ (b) supply of Canadian dollars for sale‚ and (c) equilibrium value of the Canadian dollar? ANSWER: Demand for Canadian dollars should increase‚ supply of Canadian dollars for sale should decrease‚ and the Canadian dollar’s value should increase. 3. Interest Rate Effects on
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costs Labor costs of assembly-line workers $110‚000 – Direct labor Sales commissions $35‚000 – Period costs Factory supplies used $13‚000 – Direct materials Salaries paid to sales clerks $50‚000 – Period costs (b) Explain the basic difference in accounting for product costs and period costs. Product costs are manufacturing costs‚ direct components‚ direct labor and manufacturing overhead‚ do not become expenditures until the company sells inventory. Period costs are non-manufacturing costs‚ including
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FIN370 Week 2 Individual Assignment Chapter Study Questions 14.1 What are financial markets? What function do they perform? How would an economy be worse off without them? Financial markets are institutions and procedures that facilitate transactions in all types of financial claims. Financial markets perform the function of allocating savings in the economy to the ultimate demander(s) of the savings. Without these financial markets‚ the total wealth of the economy would be lessened. Financial
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Chapter 1 Financial Accounting and Accounting Standards Intermediate Accounting‚ 15th Edition Kieso‚ Weygandt‚ and Warfield 1 Financial Statements and Financial Reporting • Goals or purpose of (financial) accounting – Identification‚ measurement‚ and communication of financial information about – An economic entity to – Interested Parties (internal and external) • Creditors‚ managers‚ unions‚ government agencies Financial reports (statements) & notes 2 Financial Statements
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years)=Inventory/Flow rate 0.666667 Inventory Turns 1.5 Part B Per-Unit Inventory Cost Percentage 16.66667 Per-Unit Inventory Cost (in $) 166.6667 Applying Little’s Law to Financials allows us to see how efficient organization is. In this particular problem we’re concerned with the process so that the average inflow ( going into the process ) and the average outflow (coming out of the process). How long does it take for a dollar to get through the entire process how many dollars are sitting in inventory
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CHAPTER 1 Managerial Accounting ASSIGNMENT CLASSIFICATION TABLE Brief Exercises 1 A Problems B Problems Study Objectives *1. Explain the distinguishing features of managerial accounting. Identify the three broad functions of management. Define the three classes of manufacturing costs. Distinguish between product and period costs. Explain the difference between a merchandising and a manufacturing income statement. Indicate how cost of goods manufactured is determined. Explain the difference
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Bibliography: 1. Gillespie‚ Sheena and Fonseca‚ Terezinha and Sanger‚ Carol A.-3rd ed. (2001).Literature across cultures‚ Allyn & Bacon‚ Antigone 953-981 2. Aristotle. Poetics‚ XIII.3-6 3. Calder‚ William M. III (1968). Sophokles ’ Political Tragedy‚ Antigone.GRBS 9‚ 389-407 4. Hogan‚ James C. (1972). The Protagonists of the Antigone.Arethusa 5‚ 93-100 5. Sophocles (1991).Antigone (David Grene‚ Trans.)
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