Financial Statements The Role of Financial Statements in an Effective Market: Financial Statements are a company’s primary source of financial information. If you want to invest in a company and needed to know how to find out if a certain company is worth the investment you would take a look at the company’s financial statements. Simply put a financial statement is a declaration of what is believed to be true about a company‚ communicated in terms of a monetary unit‚ such as the dollar. The financial
Premium Income statement Financial statements Balance sheet
expenses 7‚500 5‚000 Accounts payable 12‚000 18‚000 Income taxes payable 1‚600 1‚200 Instructions Prepare the cash flows from the operating activities section of the statement of cash flows using the indirect method. Exercise 2: The income statement of Haslett Company is shown below: HASLETT COMPANY Income Statement For the Year Ended December 31‚ 2008 Sales $8‚000‚000 Cost of goods sold 5‚400‚000 Gross profit 2‚600‚000 Operating expenses Selling expenses $500
Premium Generally Accepted Accounting Principles Balance sheet Inventory
COMPANY PROFILE : ARAMIT CEMENT LIMITED | FINANCIAL HIGHLIGHTS | Authorised Capital | Tk | 500.00 Million | Paid-up Capital | Tk | 140.00 Million | 14% Redeemable Debentures | Tk | 6.345 Million | Quoted Price per Share | | | DSE & CSE - 31.12.2007 | Tk | 150.75 & 154.00 | - 31.12.2007 | Tk | 263.25 & 251.75 | | | KEY OPERATING AND FINANCIAL DATA OF LAST FIVE YEARS HAVE BEEN PRESENTED BELOW IN SUMMARIZED FORM | Particulars | 2009 Taka | 2008 Taka | 2007
Premium Generally Accepted Accounting Principles
Examining Financial Statements - Landry ’s Restaurants Financial statement users around the globe use financial statements to evaluate the performance of companies (Fundamentals of Financial Accounting‚ 2006). In order to locate a company’s reported assets‚ liabilities‚ expenses and revenues‚ statement users rely on four types of financial statements. The four financial statements include: Balance Sheet‚ Income Statement‚ Statement of Retained Earnings‚ and Statement of Cash Flows (Fundamentals
Premium Balance sheet Asset
competitive markets. But accounting procedure is the most important part for any financial institution like bank. Banks are also the principal source of credit (loanable fund) for millions of individual & families & for many units of governments. Another contribution of bank make their willingness to accept risky loan from borrower‚ while issuing low risk securities to their depositors. Bank also satisfies the strong need of much customer liquidity. So bank is a powerful force for the economy of
Premium Generally Accepted Accounting Principles Balance sheet Income statement
law to prepare and provide financial statements for each accounting period. This has been the case since the conception of The Companies Act 1948’ (Flint‚ 1982)‚ last amended in 1985. Although it’s been over 55 years of reporting entities preparing financial statements‚ the objective of these statements has always been a matter of discussion. The Accounting Standards Board (ASB) came up with a precise outline in 1999 which stated "The objective of financial statements is to provide information about
Premium Balance sheet Financial statements Generally Accepted Accounting Principles
company resources -ensures appropriate and timely disclose of material information with respect to the corporations business and affairs -specifically writes the ceo letter -must have a vision and provide leadership 2. Financial statements Financial reporting: presenting financial data of a company with respect to its operating performance‚ position and fund flows for an accounting period. It’s a set of documents prepared by firms at the end of their accounting period. Many people play a role
Premium Auditing Audit Corporate governance
Commerce Submitted by: CERTIFICATE This is to certify that the candidate Rajendranath Behera of +3 Final Year Commerce‚ Honors having Finance was working under my supervision and guidance for his project work. His project work entitled “FINANCIAL STATEMENT ANALYSIS OF MICROSOFT” which is submitting in his genuine and original work. GUIDE & H.O.D Signature of H.O.D Signature of Guide Place: Puri Prof.N.C.Jena Date: Faculty Dept of Commerce 2 Senior ACKNOWLEDGEMENT At t h e p r i
Premium
completing a financial statement analysis of a publicly traded company and I have chosen to use Wal-Mart. I chose Wal-Mart because it is the only major company that is in my home town. There are a few small hardware stores but nothing as big as Wal-Mart. I also happen to enjoy going to Wal-Mart to do my food shopping and to get everyday household supplies. There is so much to learn about the financial aspects of a business through accounting. It is important to understand financial reports and how
Premium Wal-Mart Supermarket Sam Walton
…………………………………………………………………………………………..…………………5 Relationship Between the Assessments of Inherent and Control Risks…………………………..……..……6 Identifying Specific Controls Relevant to Specific Assertions………………………………………………..……..6 Types of Control Activities that Relate to Financial Statement Assertion……………………………..……..7 STAGE C: OBTAINBING EVIDENTIAL MATTER TO SUPPORT THE ASSESSED LEVEL OF CONTROL RISK…….7 Performing Tests of Controls………………………………………………………………………………………………………7 Nature of Tests of Control……………………………………………………………………………………………………
Premium Auditing Internal control Risk