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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increasing and therefore this type of progress can reasonably be expected to persist in the future. Total liabilities have also increased by 11.8% from $4‚499.1 million in 2003 to $5‚033.8 million in 2004. This can viewed as a way of financing the continued operations that support Medtronic ’s success. Medtronic paid $0.23 per share to owners in 2002. This amount equaled $278.8 million. In 2003‚ the company paid $0.25 per share‚ equal to $304.2 million. In 2004‚ the shareholders were paid $0.29
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Objective of financial statements[edit] Financial statements are a structured representation of the financial position and financial performance of an entity. The objective of financial statements is to provide information about the financial position‚ financial performance and cash flows of an entity that is useful to a wide range of users in making economic decisions. Financial statements also show the results of the management’s stewardship of the resources entrusted to it.[1] To meet this objective
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Published financial statements are prepared to satisfy the needs of the different users of accounts‚ of which investors form part. While the statements provide useful information to investors‚ they are not without limitations. The usefulness of using financial statements and its limitations are discussed below. Usefulness of published financial statements Financial statements provide information about the net worth of a business at a specific point of time and its trading performance during a
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What ’s your favorite financial statement and why?" The question was spoken quickly and with a tinge of annoyance‚ as my interviewer eyed me disdainfully from his cushy black leather chair. The investment banker had little time to conduct these ridiculously long interviews that are standard fare for analyst candidates. I shifted uncomfortably in my seat and scanned my frazzled brain for the "right" answer. "Well‚ of course all three financial statements should be studied in conjunction
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Direction: answer the following exercises and justify or explain. 1. Mark the following statements as true or false. a. False b. False c. False d. True e. True f. False g. True h. True i. False j. True k. False a‚b‚c‚d‚e‚g‚j 2. Which of the following are valid C++ identifiers? a. myFirstProgram b. MIX-UP c. C++Program2 d. quiz7 e. ProgrammingLecture2 f. 1footEquals12Inches g. Mike’sFirstAttempt h. Update Grade i. 4th j. New_Student b 3. Which of the following is a reserved
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EVALUATING FINANCIAL PERFORMANCE 1 Prepared by: Kha Pham CHAPTER OBJECTIVES The principles of interpretation of financial information‚ especially the importance of comparisons Why non-financial information is needed to supplement financial information How to calculate and interpret profitability ratios‚ especially ROCE and its components How to analyse a company’s borrowings in terms of gearing and interest cover 2 CHAPTER OBJECTIVES (CONT’D) How to calculate liquidity and
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(2004-2008) Course Title: Managing Financial Resources Course: MSc. Finance Date: 11th January 2010. TABLE OF CONTENT Executive Summary This report shows the analysis of the financial performance of Centrica Plc‚ one of the top energy business providers in UK. Based on my analysis from this report I can conclusively state that: Centrica Plc has an upper hand in the energy and gas market than it s competitor; Scottish Power. Centrica Plc’s turnover was very high in
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Arsenal’s Financial Performance Abstract The football industry is a good study in the basics of finance. The economics of the football industry‚ and the financial statements of football clubs‚ are fairly simple. But football is a famously difficult business to make money in – the value is mostly captured by the employees. In 2000 Arsenal Football Club faced a strategic challenge. Its legendary Highbury Stadium was too small for one of the world’s top 10 football clubs. But the cost of replacing
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combined financial statements of a parent company and its subsidiaries. Definition of ’Consolidated Financial Statements’: Consolidated financial statements are the combined financial statements of a company and all of its subsidiaries‚ divisions‚ or suborganizations. Explanation: Because consolidated financial statements present an aggregated look at the financial position of a parent and its subsidiaries‚ they enable you to gauge the overall health of an entire group of companies as opposed
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