Finance revision 3) What is the difference between accounting and economic earnings? The main difference between accounting and economic earnings is that accounting earnings recognize realized gains and losses‚ but do not recognize unrealized gains and losses. Economic earnings recognize all gains and losses‚ whether realized or unrealized. Accounting earnings (also known as reported earnings) are the “official” earnings of a company as reported to stockholders and the SEC. They delay recognition
Premium Investment Net present value Stock market
numerous accounts‚ perhaps thousands‚ for individual debtors in the Trade Receivable Ledger‚ each reporting the amount receivable from particular debtors whereas a Trade Receivable Control account will have a single balance equaling the sum of all the individual debtors’ balances. Control accounts may have different names • Control account maintained in respect of the credit customers might be known as Trade Receivable Control Account‚ Debtor Control Account and Sales Ledger Control Account
Premium Accounts receivable General ledger
Ratio Analysis Return on capital employed Basically‚ it measures business performance. This ratio is used to calculate the return versus the money that is invested. Gross profit margin This ratio uses for measuring of profitability in selling‚ buying or producing goods before any other expenses are put into account. Therefore‚ any change in this figure can have an important result on the net profit margin of the year. Harrods’ gross profit margin can be divided into 2 parts which is
Premium Financial ratios Generally Accepted Accounting Principles
PLEDGE OR PAWN DEFINATION : The bailment of goods as security for payment of a debt or performance of a promise is called Pledge or Pawn. The bailor in this case is called the. Pledgor or‚ the pawnor. The bailee is called the Pledgee or the Pawnee.-Sec. 172. DIFFERENCE BETWEEN PLEDGE AND BAILMENT Pledge is a particular kind of bailment. The difference between Pledge and other kinds of bailment lies in the purpose or objective of the transaction. The purpose of a pledge is to provide security
Premium Contract
Q1. Accounting is one of the oldest‚ structured management information system. Give the meaning of accounting and book keeping? Explain the objectives of accounting? A1. Accounting : Accounting is the analysis and interpretation of book-keeping records. It includes not only the maintenance of accounting records but also the preparation of financial and economic information which involves the measurement of transactions and other events relating to the entity. Accounting is defined as "the art
Premium Balance sheet Generally Accepted Accounting Principles Double-entry bookkeeping system
ASSIGNMENT GROUP ONE – EVENING SESSION MEMBERS: DWAMENA ALEX S. ERASMUS KORLEY AMPADU RAPHEAL AGYAPONG FRANCIS Assume that Just-in-time stock management is used in accordance with the recommendation of the consultants. Calculate receipts from sales for each of the six months ending 30th June‚ 20x0 Solution: Note: High demand cannot be satisfied with a just in time stock management system. Therefore‚ over calculation for expected sales will be based on medium and
Premium Debt Finance Economics
Summer Training project Report PROJECT REPORT FOR THE PARTIAL FULLFILLMENT OF THE REQUIREMENT FOR MASTER OF BUSINESS ADMINISTRATION ON “Analysis of Indian cement Industry & Financial performance of ACC LTD” IN “ACC CEMENT LIMITED” Submitted to: - Submitted by:SHIVALI KAMAL Semester -III RBS/PGPM/SPR09/006 Course: MBA+PGPM Batch: SPR-09/11 1 TABLE OF CONTENTS Sr. No. 1) 2) 3) 4) Contents Preface Acknowledgement Declaration Executive Summary Page No. 5) (A) (B) (C ) Introduction
Premium Inventory Working capital
T1 & 2 (Q) (1) Which one of the following is an example of an internal stakeholder? A A shareholder B Investment analyst / consultant C A manager D A supplier (2) What is the primary responsibility of the external auditor? A To verify all the financial transactions and supporting documentation of the client B To ensure that the client’s financial statements are reasonably accurate and free from bias C To report all financial irregularities to the shareholders of the client D To ensure that
Premium Balance sheet Generally Accepted Accounting Principles Expense
Creditors may file a bankruptcy petition against a business or corporate debtor ("involuntary bankruptcy") in an effort to recoup a portion of what they are owed or initiate a restructuring. In the majority of cases‚ however‚ bankruptcy is initiated by the debtor (a "voluntary bankruptcy" that is filed by the insolvent individual or organization). An involuntary bankruptcy petition may not be filed against an individual consumer debtor who is not engaged in business. Many businesses now a day experience
Premium Bankruptcy Financial services
Computer Lab - Practical Question Bank FACULTY OF COMMERCE‚ OSMANIA UNIVERSITY ----------------------------------------------------------------------------------------------------- B.Com (All Streams) III Year W.E.F.2010-11 CORPORATE ACCOUNTING Time: 60 Minutes Record : 10 Skill Test : 20 Total Marks : 30 Note: Problems are to be solved by using computers
Premium Balance sheet Generally Accepted Accounting Principles Accounts receivable