exclusive use of G. NEVIOUS TB0069 August 9‚ 2007 Graeme Rankine Financial Statement Analysis— Identify the Industry Since opportunities and constraints tend to be different across industries‚ companies in different industries tend to make different investment‚ dividend‚ and financing decisions. Thus‚ firms in different industries exhibit different financial characteristics‚ and‚ hence‚ report different financial ratios. For example‚ “old economy” businesses with large amounts of tangible
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FINANCIAL STATEMENT ANALYSIS for Policy regarding expansion in future: Analyzing financial statements involves evaluating three characteristics: a company’s liquidity‚ profitability and solvency. A short-term creditor such as a bank is primarily interested in liquidity – the borrower to pay obligations when they come due. A long-term creditor‚ such as a bondholder‚ looks to profitability and solvency
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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 RATIOS AND THE STATE OF HEALTH OF NIGERIAN BANKS Onyeiwu Charles University of Lagos‚ Lagos State‚ Nigeria Email: chasonyeiwu@yahoo.com Tel: 2348023206015. And Aliemeke Goodluck Guarranty Trust Bank Plc‚ Nigeria Email:goodluck.aliemeke@gtbank.com Abstract
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Auditing: A Journal of Practice & Theory Vol. 30‚ No. 2 May 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
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Financial Statement Differentiation Jeff Leo ACC/561 - Accounting Instructor: Grace Kalil May 27‚ 2013 University of Phoenix ACC/561 course textbook Accounting Tools for Business Decision Making Chapter One provides in-depth descriptions of financial statements generated by a business to analyze accounting information. The balance sheet‚ income statement‚ retained earnings statement and statement of cash flows reports provide a quantified view of the financial health of a business. Financial
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accountant to overlook certain financial figures from a balance sheet that may portray the business in a bad light to the public and investors. Omission may not seem like a significant breach of accounting ethics to an accountant because it does not encompass direct operation of numbers or records. This is specifically why an accountant must remain ethically cautious to circumvent falling into such a trap. Accountants need to be educated on what forms of financial statements frauds can be committed and
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Chapter 1: Overview—The Financial Statements Chapter 1 introduces the four financial statements--Income Statement‚ Statement of Retained Earnings‚ Balance Sheet‚ and Statement of Cash Flows. Accounting as the language of business is discussed along with an introduction of the various users of accounting information. Financial and Managerial accounting are compared. The four ways to organize a business – proprietorship‚ partnership‚ limited – liability company‚ and corporation‚ are discussed
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income would be overstated because it is not burdened by a depreciation charge‚ average total assets would remain understated‚ and ROA would be overstated. b. This error does not affect cash flows‚ but it does affect classification within the statement of cash flows. Expensing results in an operating cash ouflow in year one. Capitalization results in an investing cash outflow. 7.2 Self-Constructed Assets. The company should capitalize the full costs of construction‚ including direct labor
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Conclusion This Project has been very useful to me because I learned how to prepare cash flow statements and ratio analysis. This has improved my knowledge on financial statements which is very useful in business and commerce ever day. The work I did in this project has helped me to understand the techniques‚ applications and usefulness of financial statements to understand the performance of a particular company or enterprise without much difficulty and also understand how to prepare them in future
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