Group Case Study “Microsoft’s Financial Reporting Strategy” Microsoft’s Financial Reporting Strategy ABSTRACT 2 This case study examines the factors explaining the difference between Microsoft’s market value of equity to book value of equity and overall financial reporting strategies employed at the firm. We analyzed financial information dating from 1985 to 1999 and 2011 annual report provided by Microsoft. We found factors explaining market value of equity are perceived risk and future cash
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balance of $900. After analyzing the accounts in the accounts receivable subsidiary ledger‚ the company’s management estimates that uncollectible accounts will be $15‚000. What will be the amount of uncollectible accounts expense reported on the income statement? 1/11/2011 | Accounts Receivable | a | $ 900.00 | | | Sales revenue | a | | $ 900.00 | | Uncollectable-Account expense | b | $ 15‚000.00 | | | Allowance for uncollectible accounts | b | | $ 15‚000.00 | |
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operating‚ financing. | 7 | Unlike the other major financial statements‚ the statement of cash flows is not prepared from the adjusted trial balance. From what sources does the information to prepare this statement come‚ and what information does each source provide?Balance sheet and income statement | | | 8 | Why is it necessary to
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Links: 70‚000 18‚000 88‚000 80‚000 5‚590 173‚590 b(2)Prepare an income statement and a statement of cash flows for the period October 1–6‚ 2011 12-9-9 Increase in cash Cash balance‚ October 1‚ 2011 Cash balance‚ October 6‚ 2011
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Revised 07/20/2004. Harvard Business School Publishing http://finance.yahoo.com/q/is?s=BNHN+Income+Statement&annual www.benihana.com -------------------------------------------- [ 1 ]. www.benihana.com [ 2 ]. Benihana of Tokyo‚ page 5 [ 3 ]. Benihana of Tokyo‚ page 6 [ 4 ]. Benihana of Tokyo‚ page 8 [ 5 ]. Benihana of Tokyo. Exhibit 2 Floor Plan‚ page 14 [ 6 ]. http://finance.yahoo.com/q/is?s=BNHN+Income+Statement&annual
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vehicles | 8 000 | Other operating expenses | 25 000 | Administrative expenses | 10 000 | Distribution expenses | 15 000 | Interest paid | 12 000 | Salaries and wages (50% admin‚ 50% distribution) | 30 000 | Income tax expense | 29 000 | | | | - | IFNS 401‚ FACC412‚ FACC 403 and FINREP 411: 2009 Mod 1‚ SUPP Additional information 1. Inventory is valued at R 80 000 on 31 December 2008. 2. Dividends to the amount
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COURSE LEARNING OUTCOMES At the end of this course‚ students should be able to know and understand: 3.1 the basic concepts of accounting; 3.2 the meaning‚ role and importance of accounting information; 3.3 the process of preparing financial statements; and 3.4 how the accounting information helps the management in making business decisions. 4.0 COURSE CONTENT NO TOPIC REFERENCE HOUR 1. 1.0 ACCOUNTING ENVIRONMENT 1.1 Definition of accounting. 1.2 Purposes of accounting
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Contents References_________________________________________________________________1 Company Overview AT&T is one of the largest provider of long distance and local telephone services in the United States. It became At&t in the year 1857‚ Alexander Graham Bell and two others agreed on this company. One of their first openings were in New Haven‚ Ct in 1878. The company starting name was American Bell Telephone Company. The acronyms standing for AT&T mean (American Telephone and Telegraph
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............................................................................... 4 Reasons for Merger ................................................................................................................................... 6 Financial Statements before the Acquisition .......................................................................................... 7 Board of Directors .............................................................................................................
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hints. Lets start from the beginning: SALES BUDGET: First‚ take budgeted sales in units for each month of April‚ May‚ and June‚ and multiply by the selling price of $10/unit. You will get TOTAL SALES which you will also need to plug into the Income Statement later. For example‚ April should be 65‚000 units times $10 = $650‚000 Total Sales. For your Schedule of Expected Cash Collections‚ each months units must be multiplied by the $10 selling price to yield the months sales. Per page 414‚ we know
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