FINANCIAL STATEMENT ANALYSIS PROJECT Comparison between Apple Inc. and Dell Inc. Accounting and Financial Analysis Spring 2013 Done by: Table of Contents: * Introduction * Horizontal Analysis * Significant Percentages * Ratios * Inventory and Depreciation * Liabilities * Cash Flow Analysis * Audit Report Analysis * Investor Analysis * Conclusion Introduction Apple Inc. (Apple)‚ incorporated on January 3‚ 1977‚ Apple ’s headquarter is
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Budget Definition and its Purpose: Budget a detailed plan‚ expressed in quantitative terms‚ that specifies how resources will be acquired and used during a specified period of time. A budget is a description of a financial plan. It is a list of estimates of revenues to and expenditures by an agent for a stated period of time. Normally a budget describes a period in the future not the past Purposes of budgeting systems: Planning Facilitating Communication and Coordination Allocating Resources
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“Sunday at the Park” First of all‚ in this story they say adults can be bullies too. In‚ Sunday at the Park by Bel Kaufman‚ Larry learn that their is this little boy at the park‚ who is throwing sand at him‚ and starting arguments between them two‚ and the parents. In the beginning‚ Larry is getting very emotional at the sandbox because‚ there’s this little boy who the narrator describes as‚ “same age as Larry‚ just with a chubby and husky face‚ and arms”. Larry then
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Financial Ratio Analysis PROFITABILITY - Ability to sell a product for more than the cost of producing it. - Not an exact estimate of the company’s pricing strategy but give a good indication of financial health. - Without an adequate gross margin‚ a company will be unable to pay its operating and other expenses and build for the future. - Should be stable should not fluctuate much from one period to another‚ unless the industry it is in has been undergoing drastic changes which will
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measurement on the basis of financial reporting. It provides information about what an entity might realize if it sold an asset or might pay to transfer a liability. In recent years‚ the use of fair value as a measurement basis for financial reporting has been expanded. Determining fair value often requires a variety of assumptions as well as significant judgment. Thus‚ investors desire timely and transparent information about how fair value is measured‚ its impact on current financial statements‚ and its
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Samsung and LG: Financial Analysis \ SAMSUNG AND LG: FINANCIAL ANALYSIS Samsun and LG’s are among the leading companies in South Korea. Samsung is a multinational corporation with several subsidiaries and associated business‚ mainly under the brand name Samsung. LG is also an international electronics organization that operates through its four divisions: Home Appliances‚ Mobile Communications‚ Air Conditioning and Energy Solutions‚ and Home Entertainment
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result‚ they forced the repurchase policy of many mortgage agreements‚ and let the subprime lenders to take over their houses. Subprime lender like New Century became the bankrupt because of the high lost associate with the mortgage cancelation. To maintain earning‚ the management modify the estimate of its reserve. However‚ KPGM‚ the auditor of the New Century is question of their work. KPMG lost its independence due to its afraid of lost business. 1. The advantages include better understanding
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Globalizing the Cost of Capital and Capital Budgeting at AES (Case Analysis) AES Corporation AES was founded by Roger Stan and Dennis Bakke in 1981 after the Public Utility Regulation Policy Act (PURPA)‚ which created a market for independent power producer. In 1980s‚ the company experienced rapid growth in United States and went into public in 1991. From early 1990s‚ AES began to explore offshore markets and made remarkable success. In the 12 years since it went public‚ AES has hold more
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FINANCIAL ANALYSIS: Understanding financial performance using the technique of ratio analysis of listed companies Executive Summary Companies are said to be listed (quoted) when their shares are publicly traded on a stock exchange. A systematic use of ratios is widely used by managers‚ creditors‚ regulators and investors to analyze the financial performance of listed and unlisted companies. The listed companies have an extra ratio analysis (investor ratios) which cannot be used
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The financial accuracy is 90.4% witch is a difference of $ 23‚000‚000. The inventory accuracy for New Coke is 75%. The accuracy for Diet Coke is 100%. And finally the accuracy for Coke classic is 50%. With an average total actual inventory accuracy of 75% and a financial accuracy of 90.4% I would not consider this to be at the level of accuracy described in the book which states that “most agree that an ongoing accuracy level in the very high 90 percentile range is required in order to maintain confidence
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