HSBC (The Hong Kong Shanghai Banking Corporation): INTRODUCTION: HSBC is the world’s second-largest banking and financial services group. The origins of the bank lie in Hong Kong and Shanghai‚ where its branches were first open in 1865. Number of location is around 7‚500 offices in 87 countries and territories; Only in united states it has more than 460 bank branches‚ 210.000 shareholders‚ 300‚000 staff‚ and approximately 128 million customers worldwide. Throughout the world among the multinational
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1. Calculate the effect on the financial statements in Tables 1 and 2 if the accounting system were changed to incorporate the cost of barrels ($31.50 each) into the inventory accounts. a. What would pretax profit be in 1961? Booker Jones increased production by 20‚000 barrels. If the cost of barrels is $31.50‚ then these 20‚000 barrels would cost $630‚000. This will be added to inventory account and hence will generate pretax profit of $630‚000 – 407‚000 = $223‚000. b. If the change were made
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Business Analysis of Harvey Norman Industry analysis While Harvey Norman trading as a multi-sector business selling computer‚ electrical‚ furniture and bedding goods‚ the retail industry in which HVN operates involves larger range of goods and services (all customer consumables). The largest product segment is clothing‚ footwear and accessories. However‚ driven by growth in product technology and functionality‚ electrical goods have overtaken goods from department stores over the past five years
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land. (j) Payment of dividends. (k) Increase in interest receivable on notes receivable. (l) Purchase of equipment. Question 2 Your answer is correct. The income statement of Rodriquez Company is shown below. RODRIQUEZ COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31‚ 2012 Sales $6‚966‚530 Cost of goods sold Beginning inventory $1‚893‚090 Purchases 4‚413‚640 Goods available for sale 6‚306‚730 Ending inventory
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Crystal Meadows of Tahoe‚ Inc. - Statement of Cash Flows Year ended May 31‚ 1991 CASH FLOW FROM OPERATING ACTIVITIES Indirect Method Direct Method Net Income 1‚418 Cash received from customers 26‚025 Deprecitaion & Amortization 2‚637 Paid to employees (8‚911) Gain on Sale of Land (329) Paid for Rent (1‚428) Decrease in Accounts Receiveable 59 Paid for Interest (1‚073)
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impact of operating decisions‚ but not financing decisions. Answer: False Difficulty: 1 Objective: 1 The master budget reflects the impact of operating decisions and financing decisions. 3. Budgeted financial statements are also referred to as pro forma statements. Answer: True Difficulty: 1 Objective: 1 4. Budgeting includes only the financial aspects of the plan and not any nonfinancial aspects such as the number of physical units manufactured. Answer: False Difficulty:
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selling prices? • How much profit is owing to outsiders? • Will cash be available to pay debts as they fall due? • What are benefits of owning vs leasing? 1 External Users • Investors • Employees • Lenders • Suppliers and other trade creditors • Customers • Governments and their agencies • Public • External focus Focus (shareholders/stakeholders) • Reporting information • Performance (Income statement flow concept) •
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Unit 6 Statement of Cash Flows and Financial Statement Analysis & The Metrics of a Company Unit Assignment Kaplan University January 18‚ 2013 AC505: Advanced Managerial/Cost Accounting |Transaction |Operating |Investing |Financing | |A. Paid bills to insurers and utility providers
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ING Vysya Bank Financial Statement & Accounts. 2012. Available at: http://www.moneycontrol.com/financials/ingvysyabank/profit-loss/ING#ING. [Accessed 08 November 2012]. Kotak Mahindra Bank Profit & Loss account‚ 2012. Kotak Mahindra Bank Financial Statement & Accounts. [ONLINE] Available at: http://www.moneycontrol.com/financials/kotakmahindrabank/profit-loss/KMB. [Accessed 08 November 2012]. Yes Bank Profit & Loss account‚ 2012. Yes Bank Financial Statement & Accounts. [ONLINE]
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200400 COMPANY ACCOUNTING Q1‚ 2015 MID-SEMESTER EXAM – SOLUTIONS GUIDE PART A Question 1 (5 marks) (a) See lecture slide 14‚ Topic 1: Statement of Financial Position Statement of Comprehensive Income Statement of Changes in Equity Statement of Cash Flows Notes (b) See lecture slide 6‚ Topic 1: providing information to users who are unable to command the preparation of reports tailored to their particular information needs Also refer to Chapter 4‚ Problem 4.15‚ p.89 (H/W Topic 1): GPFRs are designed
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