Financial Statement Analysis On the following paper I will be computing‚ analyzing the following ratios: Earnings per share‚ return on assets‚ Current ratio‚ Times interest earned‚ Asset turnover‚ Debt to total assets‚ Current cash debt coverage‚ and Free cash‚ for the years 2002‚ 2003‚ and Landry ’s Restaurant Financial performance for those 2 years. By computing the ratios it will give us a better understanding on the overall Landry ’s Restaurant ’s financial performance for the years 2002‚
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The PepsiCo‚ Inc.(PEP) was founded in 1965 and is a global food‚ snack and beverage company that encompasses over 22 brands within Pepsi Cola‚ Lay’s‚ Gatorade‚ Tropicana and Quaker Oats and are a vital player in the beverages and foods industry. Their primary sector is based on consumer goods and the company employs approximately 297‚000 people and $60B in revenue. Currently‚ the Chief Executive Officer (CEO) of PepsiCo is Indra K. Nooyi and its headquarters is located in Purchase‚ NY. On 19
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1 1. The main purpose of financial accounting is to communicate useful financial information to decision-makers both inside and outside of the business organization. True False 2. The Canadian Business Corporations Act mandates that all incorporated companies in Canada follow IFRS. True False 3. Private companies in Canada may choose between IFRS or ASPE. True False 4. Canada has adapted its own pre-existing standards for public companies to IFRS‚ while the U.S has adopted
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Revenue recognition is a very important component of financial accounting and reporting. The accounting principles governing revenue recognition can have a big impact on corporate accounting and the way contracts are structured with customers. As a part of ongoing discussions to converge U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS)‚ some proposals to change revenue recognition have been discussed. The following will discuss revenue
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strategies 3 2. Key accounting policies and Accounting Standards 3 2.1 Revenue Recognition – AASB 118 3 2.2 Foreign Currency Translation – AASB 121 3 2.3 Income Taxes – AASB 112 4 2.4 Consolidation – AASB 127 4 2.5 Impairment of Assets – AASB 136 4 3. Management’s flexibility in selecting key accounting policies 4 3.1 Interest Bearing Liabilities 4 3.2 Derivative Financial instruments 5 3.3 Interest Bearing Liabilities 5 3.4 Intangible Assets - Goodwill 5 4. Accounting strategy employed
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blue chip companies. * Spent around 7% of sale average on research and development in each year. * Aftersales‚ service and consumables are important which is represent 26% of sales. * IRM group and Sixnet were acquired by spending £5.1m using the bolt acquisition method. * Archived a remarkable gross margin compared to the competitor company. Business Model Spectrics founded in 1915 is a leading organization which is providing a superior and specific instrumentation and control
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Material Role of Financial Accounting versus Managerial Accounting Matrix Compare and contrast financial accounting and managerial accounting by answering the following questions in the matrix provided. Cite any sources you use in accordance with APA guidelines. Term or Concept Financial Accounting Managerial Accounting What is the primary purpose of the accounting system? The main purpose of financial accounting is to prepare financial reports that provide information about a firm’s performance
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Classify each of the following financial statement items taken from Mordica Corporation’s balance sheet. CL Accounts payable CA Accounts receivable PPE Accounts depreciation-equipment PPE Buildings CA Cash CL Interest payable IA Goodwill CL Income taxes payable CL Inventory CA Stock investments (to be sold in 7 months) PPE Land (in use) LTL Mortgage payable CA Supplies PPE Equipment CA Prepaid rent E2-2. Classify each of the following financial statement items based upon the
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Subject : Financial Accounting Ⅱ Lease agreement between NeedsLease and HasSpace NeedsLease is renting a space for its corporate office from HasSpace by entering into a lease agreement. The agreed lease term is for 10 years and there is no option to renew nor is the ability to negotiate renewal of the term. According to ASC 840 (5F of statement 13)‚ the lease is classified as operating lease. The agreement includes two provisions that may require NeedsLease to perform certain activities at its
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Framework: iii. Financial Statements: iv. Analyzing Company Accounts v. Ratio Analysis II. MANAGEMENT ACCOUNTING 3 i. The Objectives of Management Accounting: ii. Scope of Management Accounting: iii. Functions of Management Accounting: iv. Advantages of Management Accounting: v. Limitations of Management Accounting: vi. Tools and Techniques: III. INTRODUCTION TO FINANCIAL RATIOS 8 i. Financial Ratio Analysis: ii. Users of Accounting Information: IV. DESCRIPTION
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