ACC/529 Accounting for Managerial Decision Making Cynthia Law Scott Law Sunny Lee Samuel Ogunwobi Clara Reid Professor James Neuner January 19‚ 2004 Table of Contents Table of Contents 2 Introduction 3 Consolidated Statements of Shareholders ’ Equity 3 Consolidated Statements of Cash Flows 4 Goals of the Organization 5 Important notes to the financial statements 6 Management ’s Discussion and Analysis of Operations 9 Conclusion 10 Table 1 11 Table 2 12 Table 3 13
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these statements? i. Balance Sheet: Consolidated Balance Sheets; Income Statement: Consolidated Statements of Operations; Statement of Stockholder’s Equity: Consolidated Statements of Stockholder’s Equity; Statement of Cash Flows: Consolidated Statements of Cash Flows c. What are subsidiaries? i. Companies controlled by a holding company (a company that owns other companies’ stock often not producing goods or services itself) d. What does consolidated mean? i. Combine a number of financial
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financial statements for external reporting are the income statement‚ balance sheet‚ statement of cash flows and statement of owners equity. Starbucks names these statements consolidated statements of earnings‚ consolidated balance sheet‚ consolidated statement of cash flows and consolidated statements of equity. Consolidated under this context means the merger of all the smaller companies Starbucks owns‚ Seattle’s Best Coffee for instance is subsidiary to Starbucks‚ the parent company. c. Publicly
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performance of the company. I. Going through the financial statements We can get a glimpse of the healthiness of the business by looking into the trend of accounting items in income statement‚ balance sheet and cash flow statement respectively. Consolidated income statement (Referring to appendix A - table 1 and 2) 2008/09 was a special year‚ financial tsunami happened. Therefore there was a huge profitability impact in that year‚ resulting in a large decrease in operating profit. And since the
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| | | Form 10-QNeiman Marcus‚ Inc. - N/AFiled: December 05‚ 2012 (period: October 27‚ 2012)Quarterly report with a continuing view of a company ’s financial position| | The information contained herein may not be copied‚ adapted or distributed and is not warranted to be accurate‚ complete or timely. The user assumes all risks for any damages or losses arising from any use of this information‚ except to the extent such damages or losses cannot be limited or excluded by applicable law. Past
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DeVry University ACCT540 Week 1Assigment Professor Dr. Uzell Freeman-Williams Silviya Georgieva November‚ 2014 (ASU) 2014-15‚ Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern Under U.S GAAP going concern is a fundamental assumption and a basis of which financial statements are prepared. The update issued August 2014 entity should assess its ability to meet obligations and sets disclosure
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Financial Operations Principles of Business Taxation UK & USA is based on a benchmark tax regime Government needs tax to finance expenditure on public services and Gov borrowing Government uses tax to both stimulate and control the economy. Adam Smith’s Wealth of Nations Good Tax should be; Fair Absolute Convenient Efficient 3 Major principles of any good tax policy 3 E’s Equity Efficiency Economic Effect American Institute of Certified Public Accountants –
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Lecture 1 – Corporate Financial Reporting and Revision LECTURE OUTLINE Outline the nature and characteristics of companies Describe the sources of corporate financial reporting in Australia Identify which entities need to prepare financial reports that comply with accounting standards Account for share issues and dividends Account for asset revaluations and asset impairment Nature of Companies Type of organization established under the cooperation’s act 2001 Legal capacity and powers
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recorded at their full fair value on the books of the parent on the date of acquisition. (b) The net assets will be “marked up” to fair value and goodwill will be recorded at the end of the fiscal year when the consolidated financial statements are prepared through the use of a consolidated worksheet. 5. Puncho will record the net assets at their fair value of $800‚000 on its books. Also‚ Puncho will record goodwill of $100‚000 ($900‚000 – $800‚000) resulting from the excess of the price paid
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Name________________________ Student #_____________________ MGT 181 L. Jean Dunn‚ Jr. MIDTERM EXAMINATION PLEASE SHOW YOUR WORK. IF YOUR WORK IS NOT SHOWN YOU WILL NOT RECEIVE ANY PARTIAL CREDIT 100 Total Points 1. “Most CEOs come from a finance background. The reason for this is because they know and understand the financials‚ how the company operates and the language of finance which assists in fund raising.” Please state whether the state whether the statement above is True or
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