USES OF FINANCIAL STATEMENTS The financing‚ investing‚ and operating activities of a company are recorded by accounting systems in the form of detailed transactions. To effectively communicate a company’s activities to decision-makers‚ these detailed transactions are summarized and reported in a set of standardized reports called financial statements. The role of financial statements is to provide information that will help investors‚ creditors‚ and others make judgments and predictions that serve
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the financial statements. Preparation of cash flow statement is required as per Companies Act 1994 and the public limited companies enlisted with stock exchange are to prepare this statement as per other statutory laws and regulations. The acceptance of International Accounting Standard- 7: Cash Flow Statement has added a new dimension to the preparation and presentation of financial statements in Bangladesh. The companies are now preparing this statement as an integral part of their financial statements
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which provides for proper budgetary and expenditure management of government financial resources. In addition‚ Parliament‚ over the years has enacted 49 Acts to which the Ministry of Finance is a custodian thereby adding more responsibilities to the Ministry. The functions of the Ministry of Finance are strategic in several ways. As a main function‚ the Ministry is charged with the responsibility of formulating financial and economic policies. It is also responsible for developing and maintaining
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Figure 5 Huntsman Corp. operating profit as Percent of Revenue; Source: Mergent Online; Annual Studies. Appendix Listing Appendix A: 2005 Industry Financial Statement Appendix B: 2006 Industry Financial Statement Appendix C: 2007 Industry Financial Statement Appendix D: 2008 Industry Financial Statement Appendix E: 2009 Industry Financial Statement Appendix F: Target Corp Income Statement Appendix G: Target Corp Balance Sheet Appendix H: Target Corp NAICS Code Introduction Target is
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various organisations has really established the fact that financial statements shall contain the following information according to section 334(2) of the companies and allied matters act (CAMA) 1990 as well as statement of accounting standards (SAS) 2:profit and lossaccount;balance sheet; a statement of cash flow; value added statement; five-year financial summary; statement of significant accounting policies; notes to the accounts; group financial statement (in case of a group); chairman’s report; directors’s
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k .c Executive Summary: This report aims to analyze the financial position of TESCO PLC from the point of view an investor who seeks to evaluate the prospects of buying shares of a company in food and retailing sector. The potential investor has selected TESCO PLC and has asked the author to analyze the investment prospects and present a report on the same. The analysis shall be based on the most recent annual financial statements available for TESCO and of other companies in the same
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St. Patrick’s College London HND Health and Social Care Management MANAGING FINANCIAL RESOURCES IN HEALTH AND SOCIAL CARE John Egharevba CONTENTS PAGE INTRODUCTION…………………………………………………………….….p.3 LO1 Understand how systems are used to manage financial resources in health and social care 1.1…………………………………………………………………………..………pp.3-4 1.2…………………………………………………………………………………..pp.4-5 1.3..................................................................................
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FINANCIAL INSTITUTIONS AND MARKETS Unit I: Nature and Role of Financial system – Introduction; structure of financial system; Equilibrium in financial markets; financial system and economic development; Theories of Impact of Financial developments Unit I - Introduction to Financial Institutions and Markets Financial System- implies a set of Complex and closely connected institutions‚ markets‚ transactions‚ agents‚ practices‚ claims and liabilities in a economy What is the financial system concerned
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I. The impact of finance on financial statement 1. Basis financial statement The management of company can control the financial of company through financial statements because it gives detail in all kind of financial record to management. There are three financial statements (i.e. Profit and loss statement‚ balance sheet‚ and cash flow statement). Financial statements should be understandable‚ relevant‚ reliable and comparable. Profit and loss statement (income statement): it reports all incomes
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Tesco…………………………………………………………………….. Effectiveness of Accounting System at Tesco ………………………………………….. The main financial statements of Tesco. ………………………………………………... Financial statement……………………………………………………………….. Benefits of the financial statements……………………………………………… Income statement ………………………………………………………………… Benefits of the income statement………………………………………………… Cash Flow statements……………………………………………………………. Benefits of the financial statement………………………………………………. Accounting concepts……………………………………………………………………… Factors
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