understand the purpose behind the presentation of financial statements‚ we must figure out why they are important. A company’s financial statements provide various financial information that investors and creditors use to evaluate a company’s financial performance. Financial statements are also important to a company’s managers because by publishing financial statements‚ management can communicate with interested outside parties. A company’s financial conditions are of a major concern to investors and
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examination of financial statements and underlying records for conformance with generally accepted accounting principles (GAAP). It does this as well as generally accepted governmental auditing standards C. Tests for compliance with laws and regulations. D. Both B and C. 2. Government Auditing Standards (GAS) issued by the U.S. Comptroller General apply to A. Financial statement audits of federal organizations made by the Government Accountability Office. B. Financial statement audits of
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Financial Statements Analysis Interpretation of Financial Ratios Financial statements analysis is the process of examining relationships among elements of the the company’s "accounting statements" or financial statements (balance sheet‚ income statement‚ statement of cash flow and the statement of retained earnings) and making comparisons with relevant information. Financial statements analysis is a valuable tool used by investors‚ creditors‚ financial analysts‚ owners‚ managers and others in their
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DANONE Case - Financial analysis of Danone group PENG Bo (e113110) GE Chuxiao(e113051) JIANG Yihong(e113066) Fiancial Statement Analysis – Danone Case Agenda • Introduction • Capital structure • Profitability • Return • Liquidity • Solvency • Conclusions & Recommendations Fiancial Statement Analysis – Danone Case Introduction of DANONE Group History Initiate in 1966‚ DANONE evolved from the original glass manufacturer to the international leader in fresh diary products.
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263XXX How Do Earnings Numbers Relate to Stock Returns? A Review of Classic Accounting Research with Updated Evidence D. Craig Nichols and James M. Wahlen SYNOPSIS: An extensive body of academic research in accounting develops theory and empirical evidence on the relation between earnings information and stock returns. This literature provides important insights for understanding the relevance of financial reporting. In this article‚ we summarize the theory and evidence on how accounting earnings
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MODULE 4 INDIAN PATENT ACT—1970& 2004. FOREIGN EXCHANGE MANAGEMENT ACT ‚1999. • What is patent ?—A Patent is a intellectual property right relating to inventions and is the grant of exclusive right ‚for limited period provided by govt ‚to the patentee in exchange of full disclosure of his invention‚ for excluding others ‚from making‚ using ‚selling ‚importing the patented product for those purpose. • Types of patents : 3 types. • 1. ordinary patent. • 2.patent of addition for
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To win a defamation lawsuit there are four elements that the plaintiff must prove; Defamation which are factual statements that are likely to harm someone’s reputation. The police officers argued that Mosby made statements that they deliberately ignored Grey’s injuries and cries for help. They stated in their lawsuit that this statement is defamatory because “they exposed Plaintiffs to public scorn‚ hatred and contempt‚ and thereby discouraging others in the community from having a favourable opinion
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IAS 36 Impairment of Assets by Claudia Mezzabotta Dottore commercialista e revisore legale in Milan‚ Italy Member of IASCF SMEIG – London (UK) Member of EFRAG SME WG – Brussels (Belgium) November 5-6‚ 2012 “International Accounting” Course MIM Course UNITN Trento - Italy Objectives of IAS 36 • To ensure that assets do not exceed their recoverable amount • To define how recoverable amount is calculated • To indicate when impairment tests need to be conducted • To prescribe
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The purpose of this assignment is to develop learners’ analytical skills in reviewing the adoption of accounting standards in financial statements. In this assignment we are required to assess the accounting treatment of borrowing costs as per FRS 123‚ by using the latest two years financial statements for two companies listed on the Maldives Stock exchange. Financial Reporting Standard 123 Borrowing Costs (FRS 123) consists of paragraphs 1 to 30. All of the paragraphs in FRS123 have equal authority
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CHAPTER 2 BASIC FINANCIAL STATEMENTS OVERVIEW OF BRIEF EXERCISES‚ EXERCISES AND CRITICAL THINKING CASES Brief Exercises B. Ex. 2.1 B. Ex. 2.2 B. Ex. 2.3 B. Ex. 2.4 B. Ex. 2.5 B. Ex. 2.6 B. Ex. 2.7 B. Ex. 2.8 B. Ex. 2.9 B. Ex. 2.10 Learning Objectives 3 3 4 4 5 5 6 8 8 7 Learning Objectives 3 Topic Recording transactions Recording transactions Computing retained earnings Computing total liabilities Computing net income Computing net income Computing change in cash Alternative forms of equity
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