presented to the Faculty of College of Business and Administration Montessori Professional College – Imus Branch Imus City‚ Cavite In Partial Fulfillment of the Requirements of the Degree Bachelor of Science in Business Administration major in Financial Management Adaya‚ Trysha A. Asilum‚ Rudylyn Cafuir‚ Shella Marie E. Nones‚ Abegail O. Sanone‚ Maria Sarah Vergara‚ Pamela O. AUGUST 2013 APPROVAL SHEET This feasibility study‚ “Chill & Lux’s Restobar‚” prepared and submitted by Adaya‚ Trysha
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FINANCIAL STATEMENTS | Analyzing and Interpreting Financial Statements | | This paper will demonstrate my understanding of financial accounting and why generally accepted accounting principles (GAAP) are important. I will discuss how financial statements are used in the marketplace. I will describe each financial statement and tell what it reveals about the business. I will explain how the statements are linked and show examples. I will explain the notes to the financial statements. I will
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AMPY JAM An business plan submitted to the faculty of the Department of Business Administration and Entrepreneurship Cavite State University Imus-Campus‚ Imus City‚ Cavite in partial fulfillment of the requirements for the degree Bachelor of Science in Business Management. Prepared under the supervision of Mr. Sarge Millen Pilpil. INTRODUCTION Ampalaya‚ also known as bitter melon‚ is a crawling vine that grows well in tropical countries‚ particularly in the Philippines. The
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Financial Management – Handout »Balance Sheet - Statement of financial positions on a specific date * Book value: value on balance sheet (historical cost) * Market value: value of assets depends on riskiness‚ cash flows * Balance sheet identity: Assets = Liabilites + Shareholders‘ equity * Debt versus equity: Shareholders equity = Assets + Liabilities * Financial leverage: the more debt‚ the greater its degree of financial leverage »Income
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assets. Your memo contained excellent conclusions‚ including inconsistencies in the useful life of real property‚ computer equipment‚ and production equipment. You noted inconsistencies in depreciation method for various asset categories based on Apollo Shoes accounting guidelines. Regarding R&D cost related to certain patents that had been capitalized‚ I agree with your conclusion that the patents should be expensed. You also had valid conclusions in your prepaid assets and other assets workpapers
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full credit. a. How did David’s scheme affect the overall appearance of Global’s financial statements? Why was this important to investors and creditors? b. Review the AICPA’s Articles of Professional Conduct (see Chapter 1) and comment on any of the standards that have been violated. c. Name the features of the fraud triangle and explain how they materialize in this case. How did David’s scheme affect the overall appearance of Global’s financial statements? Why was this important to investors
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parties that may ultimately rely on the client’s financial statements? Should auditors insist that audit engagement letters identify the third parties to whom the client intends to distribute the audited financial statements? Would this practice eliminate auditors’ legal liability to nonprivity parties not mentioned in engagement letters? During an audit it is the auditors responsibility to give their opinion on a company’s financial statements to its shareholders. However‚ the main purpose of
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TASK 1: Financial statements are used by both internal and external users to make economic decisions. The information within the financial statement aims to provide information about the financial position‚ performance and any changes in financial position of an enterprise. Financial statements should be understandable‚ relevant‚ reliable and comparable. Reported assets‚ liabilities‚ equity‚ income and expenses are directly related to an organization ’s financial position. AstraZeneca
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QUESTION 1 i. Current Ratio = Current Assets/Current Liability = $ 14‚651‚000/$ 19‚639‚000 = 0.750 ii. Quick Ratio = (Current Assets – Inventory) / Current Liability = ($ 14‚651‚000 – $ 6‚136‚000) / $ 19‚539‚000 = 0.436 iii. Total Assets Turnover = Sales/Total Assets = $ 167‚310‚000/$ 108‚615‚000 = 1.540 iv. Inventory Turnover = COGS/Inventory = $ 117‚910‚000/$ 6‚136‚000 = 19.216 v. Receivable Turnover = Sales/Account Receivables = $ 167‚310‚000/$ 5‚473
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Adley – Week1 DQ1 Follow up Reply Financial reporting fraud cases typically involve “fictitious revenues‚ overstatement if assets‚ capitalized expenditures‚ misappropriation of assets‚ premature revenues‚ and understatement of expenses and liabilities‚ “according to Lawyers Connect (n.d). As a result‚ such intentional misstatements are fraudulent and illegal‚ and most likely material. Manipulation of accounting equation‚ Assets = Liabilities + Stockholder’s Equity (Rich‚ et al.‚ 2012‚ p. 9)‚ characteristically
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