Financial Statements Robert Greene Phoenix University Principles of Accounting I 290 Dr. Zeneo Williams June 18‚ 2013 Financial Statements To understand finances‚ the ability to decipher the data available must be attained. One of the tools used to do this is through financial statements. There are four prevalent statements used to achieve this. They are the balance sheet‚ income statement‚ statement of retained earnings‚ and statement of cash flows. These statements are
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U.S. Department of Housing and Urban Development Office of Policy Development and Research Faith-Based Organizations In Community Development Visit PD&R’s Web Site www.huduser.org to find this report and others sponsored by HUD’s Office of Policy Development and Research (PD&R). Other services of HUD USER‚ PD&R’s Research Information Service‚ include listservs; special interest‚ bimonthly publications (best practices‚ significant studies from other sources); access to public use databases;
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2008 Ratio (unaudited) 2009 Ratio (unaudited) 2008 Ratio (audited) 2009 Ratio (audited) Current Ratio Current Ratio Current Ratio Current Ratio $130‚026 Assets $8‚380 Liabilities 15.52 to 1 $128‚867 Assets $23‚807 Liabilities 5.41 to 1 $130‚026 Assets $8‚380 Liabilities 15.52 to 1 $128‚867 Assets $ 23‚807 Liabilities 5.37 to 1 Quick Ratio Quick Ratio Quick Ratio Quick Ratio $41‚851 $37‚666 $79‚517 / $8‚380 9.49 to 1 $22‚995 $59‚787 $82‚782 / $23‚807
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Financial Statement Companies use several tools such as a balance sheet to make sound business decisions. A balance sheet is a quantitative summary of a company ’s financial condition at a specific point in time‚ including assets‚ liabilities and net worth. The first part of a balance sheet shows all the productive assets a company owns‚ and the second part shows all the financing methods (such as liabilities and shareholders ’ equity) Also‚ called statement of condition.
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Financial Statements Accounting is a function by which users can understand the internal financial workings of a company. Use of public accounting dates as far back as the late nineteenth century (Hendrickson‚ 2007) and continues today under the set guidelines that accounting professionals refer to as generally accepted accounting principles. These principles are set in the United States by the Financial Accounting Standards Board and the Securities and Exchange Commission (Weygandt‚ p. 9‚ 2008)
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company’s accounting statements or financial statements and making comparisons with relevant information Financial Ratios are measures of relative values of key financial information. Ratio Analysis involves methods of calculating and interpreting financial ratios to assess the firm’s performance. Ratios are measured as (1) percentages; (2) times or multiples; and (3) number of days. Ratios are of interest as key indicators of financial health to: shareholders
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Introduction Overview Elijah Heart Center is a health care organization that focuses on the cardiac health of their patients. This organization has the technology and a wide variety of cardiovascular service to offer patients & medical care givers. Elijah Heart Center provides outpatient services for patient that require less invasive services and only require clinical services. Due to the organization stable inflow of patients‚ there has also been an increase with patient inflow‚ there still
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INTRODUCTION community based organization are basically groups which are not profit oriented and conducts most of its duties if not all at the local level to ensure that lives of community members in which it is located or they are working is improved. Community based organisations deal with are wide range of fields in their service delivery to the residents of a given community. Some of the fields that they majorly focus on are: education‚ rights of the disabled‚ health‚ and gender issues just
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CHAPTER-I FINANCIAL STATEMENTS LEARNING OBJECTIVES After studying this chapter‚ you will be able to: • Explain the meaning of financial statements of a company; • Describe the form and content of balance sheet of a company; • Prepare the Balance Sheet of a company as per Schedule VI Part I of the Companies Act 1956. • Know the major headings under which the various assets and liabilities can be shown. • Explain the meaning‚ objectives and limitations of analysis using accounting
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Virtual Organizations and Simulation Exercises Needs Document CIS/568 Information Systems Concepts Identified Business Needs For this business needs documents scenario‚ I chose Riordan Manufacturing needs to create a web based interactive logo design tool and ordering interface. This will simplify potential clients ability to market their business‚ as well as an marketing tool for Riordan Manufacturing. The intent is to create a user friendly‚ efficient and cost effective utility that will
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