Financial Statement Restatement Paper Pasha BicepsACC/537 October 3‚ 2014 Professor GofterFinancial Statement Restatement Paper Every so often companies may have to restate their financial statements to reflect changes made to the accounting in years past. Whether it be due to changes in accounting types‚ the changes in reporting of certain items‚ or egregious errors made by those in the accounting departments‚ it is sometimes necessary for a company to go back and restate its financial statements
Premium Audit Generally Accepted Accounting Principles Finance
Objective of financial statements[edit] Financial statements are a structured representation of the financial position and financial performance of an entity. The objective of financial statements is to provide information about the financial position‚ financial performance and cash flows of an entity that is useful to a wide range of users in making economic decisions. Financial statements also show the results of the management’s stewardship of the resources entrusted to it.[1] To meet this objective
Premium Generally Accepted Accounting Principles Balance sheet
Which of the following is not a valid SELECT statement? a. SELECT cost-retail FROM books; b. SELECT retail+cost FROM books; c. SELECT retail * retail * retail FROM books; d. SELECT retail^3 from books; Week 3 3. Which of the following SQL statements is valid? a. SELECT order# FROM orders WHERE shipdate = NULL; b. SELECT order# FROM orders WHERE shipdate = ’NULL’; c. SELECT order# FROM orders WHERE shipdate = "NULL"; d. None of the statements are valid. 9. Which of the following includes
Premium SQL
INANCIAL RATIO ANALYSIS Financial Ratio Analysis William F. Slater‚ III ACC 529 – Accounting for Managerial Decision Making University of Phoenix Week 5 Assignment for ePortfolio Michael Greenen‚ C.P.A‚ C.F.P. - Instructor July 1‚ 2003 Table of Contents Table of Contents Abstract Introduction Memorandum Profitability of Sample Company Sample Company ROI for 2000 Sample Company ROI for 2001 Stock Performance
Premium Financial ratio Financial ratios
QUESTION 1 1. How do a proprietorship and corporation differ? If you worked for a CPA firm‚ which would you recommend to your client and why? Explain in your own words. The difference between proprietorship and corporation is that proprietorship is only owned by 1 person and corporation is owned by either 1 person or a group of people. It also differs from the liability because a proprietorship has unlimited liability and a corporation has limited liability. When a proprietorship is sued‚
Premium Balance sheet Generally Accepted Accounting Principles Income statement
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
Premium Asset Balance sheet Generally Accepted Accounting Principles
I will cherish the memories of the day I was first introduced to numbers. In school‚ I have always looked forward to my daily maths lessons. I have been constantly intrigued by the complexities involved in cracking mathematical problems. I feel that the principles of Mathematics appeal to my logical disposition. It seems fitting then‚ that the subject has continued to enthral me over all these years‚ particularly as I learnt to appreciate its growing practical relevance and universal applicability
Premium Mathematics Actuarial science Statistics
The importance of financial statements in a business is great. There are several difference reasons for a business to need financial statements. Yet first‚ financial statements need to be explained in order to know how they are used. Financial statements usually present the picture of the financial health of a given entity. It is also critical that a business comes up with accurate financial statements‚ not only for their record keeping for for the purpose of satisfying external reporting expectations
Premium Income statement Balance sheet Financial statements
Chapter 1 – The Financial Environment I. What is Finance? Finance = the study of how individuals‚ businesses‚ and the government acquire‚ spend‚ and manage financial resources (money). In other words‚ finance in an action whereby someone is watching to understand how we get‚ spend‚ and manage our money. This concept is very important because it explains how we make decisions about spending and saving money. II. The Origin of Finance The discipline of finance originated from
Premium Finance Economics Investment
not connect well to each other. In terms of my current studies‚ I particularly enjoyed learning all kinds of skill from different subject. My current studies are statistic‚ finance‚ mathematics and IELTS. Finance teaches me how to choose right financial products and this is a very important point for business management as if I chose the wrong product it might cause the loss from the business company. On the other hand‚ IELTS has shown me the academic skills to improve my writing and oral. Finally
Premium Management Subprime mortgage crisis