ASSESSEMENT Unit: Unit 2 – Managing Financial Resources and Decisions Learning Hours: 60 Hours. Self-learning hours: 90 hours. Course: HND Business Term: Lecturer: Mrs. Verifier: Learners Name Registration Number Learners Declaration: I certify that the work submitted for this unit is my own: Signed: Hand out Date: Submission Date: The Following Sections to be completed by the assessor: Center Name: Center Number: Please
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Comments on Trend Analysis As indicated earlier‚ the full year audited results for the period ended 31st March‚ 2009 were for a 15 months period. Hence‚ these are not comparable with the full year audited results for the year ended 31st March‚ 2010. However‚ on a memorandum basis‚ for comparative purposes‚ the audited results for year ended 31st March‚ 2010 along with the un-audited results for the 12 months period ended 31st March‚ 2009 are given below: * Net Sales for
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Meghna Oil Limited MJL Bangladesh Limited Items 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 Items 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 Lequidity Rarios Lequidity Rarios (1) Current Ratio 1.05 1.08 1.09 1.07 1.1 (1) Current Ratio 1.36 1.45 1.68 2.41 1.48 (2) Quick Ratio 0.54 0.75 0.58 0.77 0.86 (2) Quick Ratio 0.87 0.78 0.89 1.81 1.04 Operating Ratios Operating Ratios (3) Accounts Receivable Turnover Ratio 10.6 7.87 11.58 6.59 9.21 (3)
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Financial Statement Restatement Paper Justina Kabanuk University of Phoenix ACC/537 Financial Accounting Steven Hall July 5‚ 2010 Financial Statement Restatement Paper Financial statement users depend on accurate financial statements from
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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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Financial Statement Analysis Tools CHAPTER 4 After studying this chapter‚ you should be able to: 1. Describe the purpose of financial ratios and who uses them. 2. Define the five major categories of ratios (liquidity‚ efficiency‚ leverage‚ coverage‚ and profitability). 3. Calculate the common ratios for any firm by using income statement and balance sheet data. 4. Use financial ratios to assess a firm’s past performance‚ identify its current problems‚ and suggest strategies
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3. Evaluate GM’s currency hedging policies. [3 pages] {Gavin} {Ryan} The issue here may lie with the 50% to 75% hedge as it is doubtful as to why GM does not hedge its receivables / payables by 100%. Perhaps the issue is related to high costs of using options and their receivables / payables run into huge amounts. Additionally‚ GM is not keen on committing to a forward because they have positive expectations about the future exchange
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There are four different types of database-system users‚ differentiated by the way they expect to interact with the system. Different types of user interfaces have been designed for the different types of users. Naive users are unsophisticated users who interact with the system by invoking one of the application programs that have been written previously. For example‚ a bank teller who needs to transfer $50 from account A to account B invokes a program called transfer. This program asks the
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I - A. " Representational faithfulness is accomplished when transactions and events affecting the entity are presented in financial statements in a manner that is in agreement with the actual underlying transactions and events" (CICA‚ Financial statement Concepts 1000.21 (a)‚ 2003). It means that all of information in the financial statement such as numbers and descriptions must be factual. The independent auditors checked the computer ID tags on each piece of equipment to confirm the actual numbers
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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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