Subject: Submission of Term Paper on “Company Profile & Financial Statements” of “Sonar Bangla Insurance Limited” Dear Sir‚ With profound reference towards the dignity of yours‚ we are very happy that we have been able to submit the report you have assigned to us. The assignment was to prepare a term report on the course named “FINANCIAL ACCOUNTING-02(F-201)” as part of our academic activities. Here is the report on “Company Profile & Financial Statements of Sonar Bangla Insurance Limited“
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There are different ways in how two income statements are prepared. For example: the income statement (also known as P&L) of a merchandising company consists of Revenue‚ Expenses (related to the sales volume through the Cost of Goods Sold (COGS) and General & Administrative Expense (G&SA)‚ which all result in Net Income. The income statement of a Service company consists of Service Revenue minus any Expenses related to that service‚ which results in Net Income. Another way to look at it is that
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4-1 4 Income Statement Usefulness Predicting future performance. 4-2 Evaluate past performance. Help assess the risk or uncertainty of achieving future cash flows. Income Statement Limitations Companies omit items that cannot be measured reliably. 4-3 Income is affected by the accounting methods employed. Income measurement involves judgment. Income Statement Quality of Earnings Companies have incentives to manage income to meet or
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Income statement The income statement or the profit and loss account as it is also called measures reports how much profit (wealth) has the business generated over a period of time. To measure profit the total generated revenue over a period must be identified. Revenue is a measure of inflow of economic benefits arising from the operations of the business. These benefits will either result in an increase of assets such as cash or amounts owed to the business by the customers or a decrease
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Norris & Company mission statement is a strong message of what as a real estate company they do and how they strive to be the best of what they do in a highly competitive market. Norris & Company has strong visionaries and founders whom have extensive real estate backgrounds and they strive to keep their vision‚ mission and goal on track. Mission Statement Mission statement is significant for every business to show their vision and goals
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Evaluating a Company Vision Statement A vision statement helps to define what an organization’s purpose is. That is similar to the mission statement‚ but instead of directing the statement towards the company’s bottom line the statement is sculpted more towards the company’s values. This gives employees direction on how they are expected to behave and perform and it also gives customers an understanding of why they should work with the company (Mission Statements and Vision Statements‚ n.d.).
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1990’s to their main competitor‚ IBM‚ Apple was able to re-invent the entire company. When Jobs returned to Apple in 1996‚ he took an expanded role and not only continually pushed for innovative ideas and products but also compelled several structural changes. Jobs also got rid of profitless divisions and departments. Apple has been able to gain market share quicker than the competition mainly due to the “halo effect” from the iPod. The halo effect is the idea that continued sales of iPods to Windows
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The different between the formats of financial statements (income statement and balance sheet) for different types of business such as sole proprietorship‚ partnership and limited company Each company will have different economic sectors so they use different financial statements with different format that satisfy those sectors. The financial statements collect the financial records form the sales and purchases produce‚ the net taxable profit or loss for each month. Different types of business use
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Kristen’s Cookie Company Case Study and Analysis Forecasting and Operations Management Saint Mary’s College of California Executive MBA Program Jessica Marie – www.jessicamariemba.com Kristen’s Cookie Company Agenda Introduction and Preliminary Modeling Key Questions and Problems for Further Thought Recommendations for Improvement Q & A Session and Discussion Kristen’s Cookie Company Introduction Kristen’s Cookie Company Mission Statement: Born from a hunger to feed the student
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The Income Statement This indicates financial performance over a period of time. It is usually done at the end of a financial year (30th June)‚ but an income statement can be made up at other times‚ e.g.‚ if a business wishes to apply for a loan‚ the bank may ask for a more recent income statement. The other names for this kind of statement are Revenue Statement and Profit and Loss Statement. Income Statement for Ima Mess‚ year ended 30.6.12 |
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