Question 1: 2A4-LS12 All of the following are forms of off-balance sheet financing except: Completing a horizontal merger. Creating a special purpose entity. Factoring accounts receivable. Forming a joint venture. The four common techniques used by companies to engage in off-balance sheet financing are; factoring of receivables‚ creating a special purpose entity‚ operating leases and joint ventures. Question 2: 2A4-LS34 Which of the following costs‚ when subtracted from total revenue‚ yields
Premium Balance sheet Generally Accepted Accounting Principles Depreciation
Chapter 1: Uses of Accounting Information and the Financial Statements TRUE/FALSE 1. The intentional preparation of misleading financial statements is referred to as fraudulent financial reporting. ANS: T PTS: 1 OBJ: LO1 NAT: AACSB correlation: ethics LOC: Learning Type: Recall KEY: ethical reporting 2. Fraudulent financial reporting can result from the misapplication of accounting principles. ANS: T PTS: 1 OBJ: LO1 NAT: AACSB correlation: ethics LOC: Learning Type: Recall KEY:
Premium Finance Fraud Generally Accepted Accounting Principles
ANSWERS 1 a) 1 b) 1 c) 1 d) 1 e) 1 f) This transaction has no effect on the balance sheet since this is only an order‚ no financial value. 1 g) 1 h) 1 i) 1 j) 2 a) a] b] c] d] e] f] g] h] j] k] l] 2 b)
Premium Balance sheet Inventory Depreciation
INTRODUCTION 1 i. Background: ii. Framework: iii. Financial Statements: iv. Analyzing Company Accounts v. Ratio Analysis II. MANAGEMENT ACCOUNTING 3 i. The Objectives of Management Accounting: ii. Scope of Management Accounting: iii. Functions of Management Accounting: iv. Advantages of Management Accounting: v. Limitations of Management Accounting: vi. Tools and Techniques: III. INTRODUCTION TO FINANCIAL RATIOS 8 i. Financial Ratio Analysis: ii. Users of
Premium Financial ratios Financial ratio Balance sheet
Woolworths Financial Ratio Report Liquidity‚ Solvency and Profitability Abstract This report consists of ratio calculation and analysis of Woolworths’ liquidity‚ solvency as well as profitability. Liquidity ratios include current ratio‚ quick asset ratio and inventory turnover. Solvency ratios include debt to total asset and interest coverage. Profitability ratios include return on owners’ equity‚ payout ratio‚ return on assets‚ return on sales‚ asset turnover‚ cash return on sales and operating
Premium Financial ratios Generally Accepted Accounting Principles Financial ratio
CHEMALITE‚ INC. (B) Cash Flow Analysis 1991 1992 Mangesh Pansare‚ Rajesh Chavan‚ Shekhar Tewari‚ Vinay Thakker‚ Ranjan Prakash‚ Prajay Kumar Group 2 Executive Summary Bennett Alexander founded Chemalite‚ Inc. in the late 1990. The first year of operations has been very successful. In a meeting held in January 1992‚ the shareholders of the company approved moving the production facility to a larger location to support expanding sales. The shareholder meeting ended with a decision to meet
Premium Finance Asset Generally Accepted Accounting Principles
Name: Giles Peeters Theory Assignment 1 1. Understanding own role and responsibilities in lifelong learning 1.1 My role within London Stansted Airport is an Airfield Operations Team Manager. What is included within this role is a trainer for all London Stansted Airport winter training. This requires me to fully understand all the relevant legislation that applies to working and operating large plant within the airside area of an airport which is provided by the following organisations:
Premium BAA Limited
ACC 2242 Assign#4.. Due Date …..Wednesday…Aug 07‚ 2013 8-35B 8-40B Fibre Systems Best Use of Facilities Analysis Make Buy and Use Facilities for Other Product Variable unit cost of obtaining the optical switches $ 13 $ 11 Number of optical switches × 80‚000 × 80‚000 Total variable cost of obtaining 80‚000 optical switches $1‚040‚000 $880‚000 Expected profit contribution from the other product — (130‚000) Expected
Premium Variable cost Costs
E2-1‚ 2‚5‚7; P2-2A‚ 4A E2-1. The following are the major balance sheet classifications: Current assets (CA Long-term investments (LTI) Property‚ plant and equipment (PPE) Intangible assets (IA) Current liabilities (CL) Long-term liabilities (LTL) Stockholders’ equity (SE) Classify each of the following financial statement items taken from Mordica Corporation’s balance sheet. CL Accounts payable CA Accounts receivable PPE Accounts depreciation-equipment PPE Buildings CA Cash CL Interest
Premium Generally Accepted Accounting Principles Balance sheet
TRANSMITTAL David Jones Limited Date: 16th October‚ 2009 Dear Users‚ It is honor to transmit to you the Financial Statements Analysis Report of David Jones Ltd for Fiscal Years from 2004 to 2008. This financial analysis report bases on analyzing the historical data of David Jones Ltd. financial reports from FY04 to FY08. The purpose of this report is presenting the existing financial conditions and performance of David Jones Ltd. and forecasting the foreground of this company. Meanwhile‚
Premium Balance sheet Financial ratios Financial ratio