exclusive use of G. NEVIOUS TB0069 August 9‚ 2007 Graeme Rankine Financial Statement Analysis— Identify the Industry Since opportunities and constraints tend to be different across industries‚ companies in different industries tend to make different investment‚ dividend‚ and financing decisions. Thus‚ firms in different industries exhibit different financial characteristics‚ and‚ hence‚ report different financial ratios. For example‚ “old economy” businesses with large amounts of tangible
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corporation -reports directly to the chairman of the board of directors -implements broad decisions and maintains a smooth operation of the firm -develops annual objectives -ensures efficient acquisition and effective allocation of assets or 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:
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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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Motel 6 Financial Statement Marketing plan for Motel 6 Executive summary This is to bring to your attention that Motel 6 is flying higher than before and it is venturing more. This is after a turnaround in our fortunes. You can remember in 1990 when the chain based in Dallas was sinking after its acquisition by Accor S.A. of France from Kohlberg Kravis Roberts & Company‚ the leveraged buyout firm‚ for $2.3 billion. Again in 1993‚ we lost $40 million. However‚ we are standing tall today for turnaround
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by INE 1) If we divide users of ratios into short term lenders‚ long term lenders‚ and stockholders‚ which ratios would each group be most interested I‚ and for what reasons? • Short term lenders o Will be most interested in the firm’s ability to repay debt so they would be interested in the liquidity ratios‚ Current ratio and Quick ratio. • Long term lenders o Will be most interested in ▪ Debt to total assets but also in
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Chapter 5: Essentials of Financial Statement Analysis Evaluating accounting “quality” How do we define financial reporting quality? Qualitative characteristics of accounting Information: Understandability Decision usefulness Reliability Relevance Consistency Comparability 1 Attributes of High Quality Financial Reporting Financial reporting (earnings) quality has been considered positively associated with the following: High persistence of earnings and cash flows
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Accounting and financial statement • Business going concern- dobry interes = IT WILL CONTINUE INTO THE FUTURE Current market value of its fixed assets is irrelevant‚ they’re not for sale. Fixed assets-środki trwałe. • NET BOOK VALUE->>Historical cost accounting = assets at original purchase price –accumulated depreciation charges. WARTOŚĆ KSIĘGOWA NETTO historyczna kalkulacja kosztów = aktywa w oryginalnej cenie zakupu-zgromadzone odpisy amortyzacyjne
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Audit Theory Written Essay Assignment Does Opinion Shopping Impair Auditor Independence and Audit Quality? by: Tong Lu Journal of Accounting Research‚ Vol. 44‚ No.3 (Jun.‚ 2006)‚ pp.561-583 Additional articles: Ghosh‚ A.‚ Moon‚ D.‚ (2005). Auditor Tenure and Perceptions of Audit Quality. The Accounting Review‚ Vol. 80(2)‚ pp.585-612. Myers‚ J. N.‚ Myers‚ L. A.‚ Omer‚ T. C.‚ (2003). Exploring the Term of the Auditor-Client Relationship and the Quality of Earnings:
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together! Annual Report and Accounts 2007 Pakistan Telecommunication Company Limited 2 Contents Company Review Corporate Vision & Mission Corporate Information Operating Highlights Financial Highlights Board of Directors Message by CEO PTCL Directors’ Report Composition of Audit Committee Composition of Human Resource Committee Attendance of PTCL Board Members Statement of Compliance (CCG) Auditors’ Review Report to the Members Company Financial Statements Auditors’ Report to the Members
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The Best and The Worst Since the birth of the first humanbeing‚ humanity always invented new things to feed their needs. Some inventions were really filling a blank and made people take one more step further to new questions and needs but some inventions seemed so innocent and useful till humanity become captives of them and forgot about living. In the first ages of human life‚ people were collecting; fruits and seeds to feed themselves‚ rocks to create places tol ive‚ leaves to cover their
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