be helping us understand financial statement analysis in a much broader way. It will also help us understand the implications of financial statement analysis to the management. This report will contribute additional knowledge on how to analyze the financial position of a company to determine if it is earning or losing. II. OBJECTIVES 1. Know and explain the various ways financial statements are analyzed. 2. Know and explain the objectives of financial statement analyses. 3. Know
Premium Financial statements Balance sheet
TABLE OF CONTENTS Introduction…………………………………………………………………………….....1 1.1 Relationship between Holding/parent company- subsidiary………………………….2 2.1 Consolidated Financial Statement…………………………………………………….4 3.1 The concept of Goodwill……………………………………………………………...5 3.1.1 Computation of Goodwill…………………………………………………………...6 3.1.2 Computation of negative Goodwill………………………………………………...7 4.1 The recommendation of the IASB……………………………………………………8 5.1 IFRS 36 Impairment of Assets………………………………………………………..9 6.1 IFRS
Premium Balance sheet Goodwill Subsidiary
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
Premium Financial audit Auditing Audit
Financial Statements are described as the language of business. These statements tell the condition and performance of a business historically‚ currently and prospectively. The main objective is to provide information about financial position‚ financial performance and cash flows of an entity used in making economic decisions. ELEMENTS OF FINANCIAL STATEMENTS Financial Statements portray the financial effects of transactions and other events by grouping them into broad classes according to their
Premium Balance sheet Generally Accepted Accounting Principles Asset
A SUMMER PROJECT REPORT ON “FINANCIAL STATEMENT ANALYSIS” Submitted for the partial fulfillment of the requirement of the degree of Master of Business Administration‚ Under BPUT‚ Rourkela‚ Orissa [pic] 2008-10 ROURKELA STEEL PLANT‚ SAIL SUBMMITTED BY AHWAN MAHAKUDA ROLL NO.0806806036 GUIDENCE UNDER INTERNAL GUIDE EXTERNAL GUIDE Mr. SURESH KU SAHOO Mr. G. ARORA Lecture in Finance
Premium Financial ratio Financial ratios Balance sheet
The analysis of financial information refers to the process of the critical examination of the financial information contained in the financial statements in order to understand and make the decisions regarding the operations of the firm. There are four kinds of analysis namely; external analysis‚ internal analysis‚ horizontal analysis and vertical analysis. The external analysis is done by outsiders who do not have access to the detailed internal accounting records of the business firm. When it
Premium Financial statements Economics Generally Accepted Accounting Principles
Material Financial Statement Review What is the net income for the current fiscal year? Is it up or down from the prior year? Why would this information be important to investors? For FY15 the total consolidated income for Walmart is $17‚099 million. In FY14 Walmart recorded a loss from FY13‚ but is showing an increase with $16‚695 million in FY14 to FY15. Page 38 of the Annual Financial Report shows these figures along with many other figures. Investors look at the Annual Financial Report to
Premium Generally Accepted Accounting Principles Finance Balance sheet
Financial Statement Analysis Chandra Sekhar Mishra VGSOM‚ IIT Kharagpur Outline Financial Statements and their Content ●Why Financial Statement Analysis (FSA)? ●Tools for FSA ● Financial Statements ● Balance Sheet ● ● Statement of financial position Statement of Assets and Liabilities ● ● ● ● Income Statement ● Statement of financial performance ● ● Assets: What a business owns Liabilities: What a business owes to non-owners Equities: What a business owes to owners Revenues and Expenses
Premium Generally Accepted Accounting Principles Balance sheet Asset
Financial Statement Analysis Financial Statement Analysis page 1 Table of content Executive Summary 1. 2. 3. 3.1. 3.2. 4. Introduction Corporate Governance Financial Analysis Efficiency & Profitability Liquidity & Leverage Conclusion 3 4 6 8 8 12 17 19 Appendix Financial Statement Analysis page 2 Executive Summary This report analyses and assess the current and future profitability‚ efficiency and financial stability of the McMahon Holdings Ltd. (MAH) and will be
Premium Financial ratios Financial ratio Balance sheet
illegal activity occurs. The first factor an auditor should consider is how the occurrence effects the financial statement and the penalty‚ if any‚ for the issue. The second factor to be considered is the integrity of the management staff and their reaction to the illegal occurrence. The last factor for an auditor to consider when an illegal occurrence happens is the internal controls over the financial reporting. “Smuggling” money into the US can result in fines. “Smuggling” from the Caribbean
Premium Financial statements Balance sheet Economics