Financial Statements: The Starting point In the Study Of accounting The principal means of reporting general-purpose financial information to persons outside a business organization is a set of accounting reports called financial statements. The persons receiving these reports are termed the users of the financial statements. A set of financial statements consists of four related accounting reports that summarize in a few pages the financial resources
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TITLE PAGE ROLE OF FINANCIAL STATEMENT IN INVESTMENT DECISION MAKING. (A CASE STUDY OF FIRST BANK OF NIGERIAN PLC) BY AMEDU‚ MERCY A. ACC/2008/502 A RESEARCH PROJECT SUBMITED IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF THE BACHELOR OF SCIENCE (B. SC) DEGREE IN ACCOUNTANCY. FACULTY OF MANAGEMENT AND SOCIAL SCIENCES‚ DEPARTMENT OF ACCOUNTANCY‚ CARITAS UNIVERSITY AMORJI NIKE ENUGU [ AUGUST‚ 2012 CERTIFICATION It is hereby certified that the research work
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Financial Crises and Firm Performance Financial crises • Financial crises could happen anywhere‚ although emerging markets tended to be more seriously afflicted in recent times • Companies operating in a region where a financial crisis had broken out could undergo corporate disasters as a result. • The following sections describe what happened during three major financial crises in the late 1990s and early 2000s‚ and how the business sectors of the regions were affected. • The best-known of
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1. Framework A. Identification of the risk Financial Risk There are three kinds of financial risk: market risk‚ liquidity risk and credit risk. Market Risk Price Risk The risk of a decline in the value of a security or a portfolio. Interest Rate Risk The risk that the value of an investment will change due to a change in the absolute level of interest rates. Example Dexia had a great interest rate risk. They had a lot of mortgage loans (long term). They financed the long term liabilities
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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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.................................................................................................... 6 5. Profit and loss Analysis ...................................................................................................... 8 6. Value at Risk .................................................................................................................... 12 6.1 The Historical Simulation ........................................................................................... 12 6.2
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2011 pp. 19–50 American Accounting Association DOI: 10.2308/ajpt-50009 Financial Statement Fraud Detection: An Analysis of Statistical and Machine Learning Algorithms Johan Perols SUMMARY: This study compares the performance of six popular statistical and machine learning models in detecting financial statement fraud under different assumptions of misclassification costs and ratios of fraud firms to nonfraud firms. The results show‚ somewhat surprisingly‚ that logistic regression and support
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The impact of finance on financial statement 1. Basis financial statement The management of company can control the financial of company through financial statements because it gives detail in all kind of financial record to management. There are three financial statements (i.e. Profit and loss statement‚ balance sheet‚ and cash flow statement). Financial statements should be understandable‚ relevant‚ reliable and comparable. Profit and loss statement (income statement): it reports all incomes
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Illustrative Reports AS No. 3: Audit Documentation Auditing Standard No. 3 Appendix A: Background and Basis for Conclusions AS No. 4: Reporting on Whether a Previously Reported Material Weakness Continues to Exist Auditing Standard No. 4 Appendix A: Illustrative Reports on Whether a Previously Reported Material Weakness Continues to Exist Appendix B: Background and Basis for Conclusions AS No. 5: An Audit of Internal Control Over Financial Reporting That Is Integrated
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Week Three Exercises Fatma Miljkovic ACC/290 March 25‚ 2013 Professor: Tim Callaghan | BE4-1 | Transactions that affect earnings do not necessarily affect cash. | Hint: Identify impact of transactions on cash and net income.(SO 2‚ 9) | | | InstructionsIdentify the effect‚ if any‚ that each of the following transactions would have upon cash and net income. The first transaction has been completed as an example. | | | | | Cash | Net Income | (a) | Purchased $100
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