Introduction Accounting is all about financial information —capturing it‚ recording it‚ configuring it‚ analyzing it‚ and reporting it to persons who use it. The financial statements : The final product of financial accounting is in the form of financial statements that are packaged with other information in a financial report. •Financial statements are prepared at the end of each accounting period. A period maybe one month‚ one quarter‚ or one year. •Financial statements report summary amounts‚ or totals
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ANALYSIS OF FOREIGN FINANCIAL STATEMENTS Chapter Outline I. Reasons to analyze financial statements of foreign companies include: • making foreign portfolio investment decisions‚ • making foreign merger and acquisition decisions‚ • making credit decisions about foreign customers‚ • evaluating foreign suppliers‚ and • benchmarking against foreign competitors. II. There are several problems an analyst might encounter in analyzing foreign financial statements‚ including: • finding
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Obtaining a Patent Patents are part of an intellectual property law that provides exclusive use for the industrial exploitation of a revolutionary invention (WIPO‚ 2013). Before applying to a patent‚ it is important to know the defining characteristics of patentable material and conduct a patent search to ensure the technology has not been previously filed for (CIPO‚ 2013). Often‚ the assistance of a registered patent agent is used to facilitate the application process and maintain correspondence
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Home Depot is one of the largest home repair retailers in my area. I will highlight their 2015 financial statement‚ and give examples of how the statement could be useful to their business leaders‚ as well as outside venders. 2015 financial highlights. (n.d.). In fiscal year 2015‚ we grew sales for the sixth consecutive year‚ with positive sales growth in all three U.S. Divisions‚ Canada and Mexico. Comparable store sales were up 5.6 percent; total sales were up 6.4 percent; and diluted earnings
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MODULE 4 INDIAN PATENT ACT—1970& 2004. FOREIGN EXCHANGE MANAGEMENT ACT ‚1999. • What is patent ?—A Patent is a intellectual property right relating to inventions and is the grant of exclusive right ‚for limited period provided by govt ‚to the patentee in exchange of full disclosure of his invention‚ for excluding others ‚from making‚ using ‚selling ‚importing the patented product for those purpose. • Types of patents : 3 types. • 1. ordinary patent. • 2.patent of addition for
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Purpose of the main financial statements Throughout the existence of a business many requests will be made for its financial statements. Financial statements are formal presentations of the flow of money into‚ through and out of a business. Financial statements are comprised of three main areas: balance sheets‚ income (profit and loss) statements and cash flow statements. Each area of a financial statement has its own purpose and provides specific information about a company’s financial stability (unknown
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Financial Statement Restatement Paper Pasha BicepsACC/537 October 3‚ 2014 Professor GofterFinancial Statement Restatement Paper Every so often companies may have to restate their financial statements to reflect changes made to the accounting in years past. Whether it be due to changes in accounting types‚ the changes in reporting of certain items‚ or egregious errors made by those in the accounting departments‚ it is sometimes necessary for a company to go back and restate its financial statements
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Analysis of Financial Statements Financial statements are frequently a key source of information for financial decisions and taking a look at Microsoft’s financial statements can help us decide certain things about the company. There are three different types of statements that will be discussed in this section. These include: the balance sheet‚ the income statement‚ and the statement of cash flows. They are discussed here in either the sense of quarterly or yearly statements and will be noted
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law to prepare and provide financial statements for each accounting period. This has been the case since the conception of The Companies Act 1948’ (Flint‚ 1982)‚ last amended in 1985. Although it’s been over 55 years of reporting entities preparing financial statements‚ the objective of these statements has always been a matter of discussion. The Accounting Standards Board (ASB) came up with a precise outline in 1999 which stated "The objective of financial statements is to provide information about
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Running head: FINANCIAL STATEMENT ANALYSIS PAPER Financial Statement Analysis Paper Principles of Accounting ACC/300 Mr. John Opincar June 24‚ 2009 Abstract Landry’s has become a successful company over the years because the customers enjoy the specialty items that they serve on their menu. It has become a company that we enjoy taking our families out to dinner‚ celebrating birthday parties and certain special events. However‚ this paper will complete the financial analysis for the reported
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