Balance Sheet Items presented on the face of the statement of financial position represents an entity’s assets‚ liabilities‚ and equity (net assets) at a given point in time‚ a specific date. These items should be sufficiently detailed to enable identification of material components under US GAAP. In contrast the Financial Instruments and Exchange Act requires Japanese GAAP to present items in a more detailed manner compared to IFRS and US GAAP. Thus Bridgestone‚ following JP GAAP have more accounts
Premium Generally Accepted Accounting Principles Balance sheet Accounts receivable
The different perspectives which balance scorecard looks at are: 1. Financial Perspective – How does firm look to the shareholders? 2. Customer Perspective – It addresses what the customers expect. 3. Internal business perspective – It help the organisation to identify processes at which they need to excel 4. Learning/innovation perspective – It addresses what the organisation needs to improve to create value in the future. They argued that Balance scorecard can act as a benchmark against
Premium Management Strategic management Organization
In planning the audit of a client ’s inventory‚ an auditor identified the following issues that need audit attention. 1. Inventories are properly stated at the lower of cost or market. 2. Inventories included in the balance sheet are present in the warehouse on the balance sheet date. 3. Inventory quantities include all products‚ materials‚ and supplies on hand. 4. Liens on the inventories are properly disclosed in notes to the financial statements. 5. The client has legal title to
Premium Balance sheet
Trident University International Module 1: Session Long Project ACC 501: Accounting for Decision Making 23 November 2012 Session Long Project Pickett Company Working Trial Balance 31-Dec-12 Accounts Debit (-) Credit (+) Accounts payable $14‚500.00 Accounts receivable $28‚000.00 Cash $46‚500.00 Common stock $10‚000.00 Depreciation expense $18‚250.00 Cost of goods sold $402‚610.00 Equipment (net of depreciation)
Premium Generally Accepted Accounting Principles Balance sheet Asset
Current Balance of Payments(BoP) Position of Bangladesh One country’s economic performance is reflected through its Balance of payment. Balance of payments (BoP) accounts is an accounting record of all monetary transactions between a country and the rest of the world. Bangladesh is not different so. The improvement of its economy also depends on the performance of its Bop. According to a World Bank report published in 2012‚ The Current account balance (BoP; US dollar) in Bangladesh is 926.19 billion
Premium Balance of trade International economics Macroeconomics
Company has a very detailed and organized balance sheet and income statement in which all of the company ’s information is listed in the proper order. The balance sheet can be viewed annually or quarterly and all amounts are in US dollars by millions except for per share amounts. The balance sheet first begins to lists the company ’s assets. The assets section is broken down by current assets‚ cash‚ net receivables‚ inventories‚ and other current assets. The balance sheet then lists in order the total
Premium Generally Accepted Accounting Principles General Motors Automotive industry
Communal Showers at the Workplace Allan Alexander Management 216 Jenta Young July 20‚ 2010 Diversity in the workplace is a very broad term. Diversity itself means variety. Diversity in the workplace can be about age‚ ethnicity‚ physical ability‚ religious beliefs‚ sexual orientation‚ and many more categories beyond those specified legally in equal opportunity and affirmative action non-discrimination status. Gays in the military is a topic that has brought about many heated debates for years
Free Homosexuality LGBT Bisexuality
1、(1) What are the primary line items within Citigroup’s balance sheet and income statement? Balance Sheet Asset Cash and due from banks Deposits with banks Federal funds sold and securities borrowed or purchased under agreements to resell Trading account assets Investments Total loans‚ net Liability Total deposits Short-term borrowings Long-term debt Equity Common stock Additional paid-in capital Retained earnings Income Statement Income Total revenue Total provisions Total
Premium Balance sheet Debt Finance
Page No. 1. Cover Page……………………………………………………………………1 2. Contents. ………………………………………………………………….2 3. Computing the Amounts……………..……………………………3 4. Trading‚ Profit & Loss Account and Balance Sheet….9 5. Comments on the Performance of the Business…….10 6. Explaining the Limitation of Comparison…………...….12 7. References………………………………………………..……………..13 (A) Compute the following amounts: (I) Average Stock: Average stock = opening
Premium Inventory Generally Accepted Accounting Principles Financial ratios
TAX FORM/RETURN PREPARATION PROBLEM C9-57 The Dapper-Dons Partnership (employer identification no. 89-3456798) was formed ten years ago as a general partnership to custom tailor men’s clothing. Dapper-Dons is located at 123 Flamingo Drive in Miami‚ Florida 33131. Bob Dapper (Social Security No. 654-32-1098) manages the business and has a 40% capital and profits interest. His address is 709 Brumby Way‚ Miami‚ Florida 33131. Jeremy Dons (Social Security No. 354-12-6531) owns the remaining 60%
Premium Balance sheet Expense Asset