Purpose of Financial Statements The objective of financial statements is to provide information about the financial position‚ performance and changes in financial position of an enterprise that is useful to a wide range of users in making economic decisions (IASB Framework). Financial Statements provide useful information to a wide range of users: Managers require Financial Statements to manage the affairs of the company by assessing its financial performance and position and taking important business
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Final Project Profitability Ratios’ Analysis of Pharmaceuticals in same industry for FY 2008-10 Sanofi-Aventis Ferozsons Abbott A REPORT SUBMITTED TO THE DEPARTMENT OF MANAGEMENT SCIENCES‚ VIRTUAL UNIVERSITY OF PAKISTAN IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTERS IN BUSINESS ADMINISTRATION Submitted By Mc080402262 Sheikh Khurum Akram Department of Management Sciences‚ Virtual University of Pakistan Acknowledgement In the name of ALLAH‚
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Financial Statements Review Health Care Financial Accounting-HCS/405 May 4‚ 2015 Facilitator Introduction It is essential in any business‚ not just health care to understand how finances directly affect the growth‚ success and longevity of the business and all its parts. To truly understand how finance affects business it is important to gain knowledge and understanding of how the business generate revenue ‚the cash flow of money that comes into the business‚ how bills are paid and money leaves
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Introduction For this paper‚ I was asked to select a publicly traded company and find their financial statements. The company that I chose was McDonald’s. Once I chose McDonald’s I found their income statement and balance sheets for the years ending December 31‚ 2010 and 2009. From these financial statements‚ I then computed the liquidity‚ asset management and profitability ratios. I then compared McDonald’s to the industry ratios to see how they compared to their competition. Finally I will
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MANILA ELECTRIC COMPANY AND SUBSIDIARIES NOTES TO CONSOLIATED FINANCIAL STATEMENTS 1. Corporate Information Manila Electric Company or MERALCO‚ holds a congressional franchise under Republic Act or RA No. 9209 effective June 28‚ 2003. RA No. 9209 grants MERALCO a 25-year franchise valid through June 28‚ 2028 to construct‚ operate‚ and maintain the electric distribution system in the cities and municipalities‚ and barangays in the provinces of Batangas‚ Laguna‚ Pampanga‚ and Quezon. On October
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Financial Statements Paper There are for basic financial statements in accounting. Each one of these statements has their one nook within a company either negative or positive. The four are; the balance sheet‚ the income statement‚ the statement of retained earnings‚ and the statement of cash flows. I will discuss the how each is useful to both external and internal users. In the conclusion of this paper you will also understand the importance of each of these as well
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Stakeholders’ and Financial Statements Carol Watts Intermediate Accounting I ACC305 In today’s day and age there is no easy way of telling which companies are doing well and which are almost down in the dumps. Banks‚ lending facilities‚ and/or external stakeholders are greatly interested in seeing where companies are in the market compared to their competitors. These companies take the most risk by investing their monies into entities that are not started‚ maintained‚ or organized by
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TASK 1: Financial statements are used by both internal and external users to make economic decisions. The information within the financial statement aims to provide information about the financial position‚ performance and any changes in financial position of an enterprise. Financial statements should be understandable‚ relevant‚ reliable and comparable. Reported assets‚ liabilities‚ equity‚ income and expenses are directly related to an organization ’s financial position. AstraZeneca
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What ’s your favorite financial statement and why?" The question was spoken quickly and with a tinge of annoyance‚ as my interviewer eyed me disdainfully from his cushy black leather chair. The investment banker had little time to conduct these ridiculously long interviews that are standard fare for analyst candidates. I shifted uncomfortably in my seat and scanned my frazzled brain for the "right" answer. "Well‚ of course all three financial statements should be studied in conjunction
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Financial Statements Fraud Table of Contents Introduction ........................................................................................................ 1 Definition ............................................................................................................. 1 Purpose of Financial Statements Fraud ..................................................... 1 Financial Statement Fraud Schemes
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