�PAGE �5� Current and Non-Current Assets Current and Non-Current Assets Laura Gabbard University of Phoenix ACC 400 Accounting for Decision Making Peter Ioveno April 13‚ 2008 Current and Non-Current Assets Current assets are items on a balance sheet. According to Investorwords‚ current assets equal "…the sum of cash and cash equivalents‚ accounts receivable‚ inventory‚ marketable securities‚ prepaid expenses‚ and other assets that could be converted to cash in less than one year‚" (2008).
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items. As a result‚ in an incomplete record system:- | |€the figures must be calculated‚ extrapolated‚ or extracted in the case of creditors and debtors | |to arrive at the year-end profit and loss account and balance sheet will rely heavily on application of | |the concept of the accounting equation which is Assets = Proprietors capital + liabilities. Thus the | |value of capital can be determined at any point in time.
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underlying profit before tax amounts for$192 million for the 2012/2013 financial year. Its internal performance can be reflected in the Consolidated Financial Statements‚ which are general purpose financial statements. Those statement including balance sheet‚ income statement‚ statement of changes in equity and statement of cash flow have been prepared in accordance with Australian Accounting Standard (AASBs) adopted by the Australian Accounting Standard Board (AASB) and the Corporations Act 2000.
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financial objectives‚ given the organization ’s risk tolerances and other constraints”[1]. ALM also is known as balance sheet management. In banking activity the gap between assets and liabilities can bring some consequences where the following risks are arose. And as a whole it influences badly on the bank’s functioning. Solving that problem is the primary goal of ALM. The good balance sheet management means that the return on loans and securities as the highest as possible‚ risks are minimized and
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Chapters 2 and 3 are primarily accounting review. This chapter covers the balance sheet and income statement‚ which should be very familiar to students. The approach to calculating cash flow from assets may be a new concept as they have probably been introduced to the standard accounting statement of cash flows. ANNOTATED CHAPTER OUTLINE Slide 2.2 Key Concepts and Skills Slide 2.3 Chapter Outline Slide 2.4 The Balance Sheet Current Assets are listed first on the right-hand side because they are
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organization layout the future expenses for the next year. Pro forma balance sheets detail the projected funds required for the following year. There are also year-end ratios that must be calculated to determine the health of the organization. This financial report will also include how the numbers were obtained for each of the ratios and whether or not the organization will require external funds. There assumptions for the pro forma sheet will be retrieved from the New Strategic Directions Memo. EFN Calculation
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There are various methods for examining the income statement and balance sheet. There are certain ratios that can be used to measure profitability and asset utilization. Financial statements allow the business to stop in time so that entrepreneurs and investors alike can measure the fiscal performance of the company. This article looks at vertical analysis as one method of analyzing financial statements. Vertical Analysis of the Financial Statements Vertical analysis compares different categories
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• The administration of their internal auditing activities The consulting firm of Deloitee and Touche is the auditing firm for the DirecTV Group. The consulting firms committee is responsible for auditing the: • Consolidated balance sheets of DirecTV Group Inc • Changes in stockholder’ equity and comprehensive income
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subsidiaries as if the related companies actually were a single company. Q3-2 Without consolidated statements it is often very difficult for an investor to gain an understanding of the total resources controlled by a company. A consolidated balance sheet provides a much better picture of both the total assets under the control of the parent company and the financing used in providing those resources. Similarly‚ the consolidated income statement provides a better picture of the total revenue generated
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types of financial statement‚ relationship between financial statement and financial statement in practice. I will use a KSA company as an example of the financial statement broses and how it effects the company progress. Hoping in writing a useful sheets for those who study or interesting in this failed. Financial statements : Financial statements are records that provide an indication of an individual’s‚ organization’s‚ or business’ financial status. In British English—including United Kingdom
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