Question: 01 What are the three types of activities reported in cash flow statements? Explain. Answer: The statement of Cash Flow is one of the basic financial statements for a business. It reports a company’s major cash income and outflow for a period. Cash flows are classified as operating‚ investing‚ or financing activities on the statement of cash flows‚ depending on the nature of the transaction. Cash Flows from Operating
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Target Company Selection Process The target company we decided on for our financial analysis is General Electric. At first we were looking at Starbucks‚ as it is a rapidly growing multinational corporation‚ but after some research we discovered that the earnings per share growth of Starbucks is 40.2%. Therefore Starbucks did not meet the requirement set at 50% EPS growth to be considered a truly “rapidly growing company”. We then continued our research and were able to find that General Electric
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Interpreting Financial Statements An important factor to the success of a small business is understanding financial statements. Financial statements are very important and critical to a business’ journey to economic success. According to Edmonds‚ Olds & Tsay‚ (2008)‚ when used properly‚ financial statements can act as a basis of information for business valuation. Another important and useful indicator when determining a business’ performance and financial situation are financial ratios. Financial
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Non-profit Organizations Non-profit organizations are vital to all communities. They provide much required services to those in need and derive from the humanitarian‚ religious‚ healthcare‚ social service‚ educational‚ or environmental sector. While striving for organizational success‚ non-profit organizations are faced with many obstacles. These challenges range from the hiring of qualified staff‚ unrealistic expectations‚ inadequate facilities‚ to a lack of volunteers and funds. Non-profits like
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assets and liabilities in its own financial records. Therefore‚ the consolidation process is unnecessary since there would be no records of Marvel to consolidate. If Marvel continues to exist as a separate legal entity (an acquisition)‚ Disney will then record the investment in Marvel in its own financial records. The investment account will be replaced by the goodwill and Marvel’s assets and liabilities during the consolidation process. To note that the financial statements issued by Disney will
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consultant at PWC‚ Yujing Bai‚ senior accountant at KPMG. The similarities and differences will be discussed below. First of all‚ extensive work experience could be one of the similarities that all the three successful people possessed. Currently‚ Alastair is working extensively with PWC‚ IAPA and Cheese authority. The work experiences of Yujing are over a range of industries including motor vehicle wholesaling and distribution‚ not-for-profit entities‚ clubs and associations. Subsequently‚ Both of Yujing
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CPA 104 FINANCIAL REPORTING MODULE 1 THE FRAMEWORK AND ITS APPLICATION IN FINANCIAL REPORTING Part A: The role of a framework of accounting in global financial markets Objective of General Purpose Financial Reporting To provide financial information about the reporting entity that is useful to existing and potential investors‚ lenders and other creditors in making decisions about providing resources to the entity. Key factors driving the globalisation of financial markets Technological innovation
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24/07/2013 Overview of ACCT2011 Institutional and Conceptual Framework for Financial Reporting Week 1 Lecture Schedule of weekly topics › UoS Outline Assessment › Mid-semester test (7 Sep 2013) 40% 60% › Final exam (final exam period) ACCT2011 Financial Accounting A Dr Eagle Zhang › Please note: You must achieve at least 40% in the final exam to pass the unit AND get an overall mark of 50% or more. 1 4 Overview of ACCT 2011 1. Applying specific accounting standards: • interpreting
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While they are able to earn a profit‚ more accurately called a surplus; such earnings must be retained by the organization for its future provision of programs and services. Earnings may not benefit individuals or stake-holders. Underlying many effective nonprofit endeavors is a commitment to management. Twenty years ago‚ the term "management" was distasteful to many of those involved in nonprofit organizations because of its connotations of "business." Non-profits prided themselves on being free
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Question 2.4 Explain how international differences in the ownership and financing of companies could lead to differences in financial reporting. There are major international differences in accounting practices whereby different companies in a country may use different accounting systems. This differences between companies mainly influenced by a company’s country‚ size‚ sector or number of stock exchange listings. It is very significant that banks are the capital provider for small family-owned
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