Acknowledgement I would like to pay my sincere thanks to‚ University of Delhi‚ South Campus for endowing me with the precious insights needed for working out this Project. He has been very instrumental in communicating the core of this project study and thus without his direction‚ the very inception of this work would not have been possible. Q1. Whether a country’s capital market is debt –oriented or equity oriented has a significant impact on the financial reporting that develops in the
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Research – TMA03 - B120 Income statement (also referred to as profit and loss statement (P&L)‚ revenue statement‚ statement of financial performance‚ earnings statement‚ operating statement or statement of operations)[1] is a company’s financial statement that indicates how the revenue (money received from the sale of products and services before expenses are taken out‚ also known as the "top line") is transformed into the net income (the result after all revenues and expenses have been accounted
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At first glance‚ the income statement appears to have remained very stable in terms of % of assets. However‚ when looking at the years individually‚ it is clear that many accounts experienced steady growth from 2011 to 2013‚ yet dropped back down significantly in 2014. Operating income‚ which had the highest overall change with a 1.67% increase‚ dropped from 12.99% in 2013 to 10.91% 2014. This is concerning‚ as operating income measures the amount of profit realized from Panera’s
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Confirming Pages 15th Edition Financial Accounting Jan R. Williams University of Tennessee Susan F. Haka Michigan State University Mark S. Bettner Bucknell University Joseph V. Carcello University of Tennessee wil28701_fm_i-xxxiii.indd i 12/3/10 4:21 PM Confirming Pages FINANCIAL ACCOUNTING Published by McGraw-Hill/Irwin‚ a business unit of The McGraw-Hill Companies‚ Inc.‚ 1221 Avenue of the Americas‚ New York‚ NY‚ 10020. Copyright © 2012‚ 2010‚ 2008‚ 2006‚ 2003
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performed in an audit. The form is only a guide and is not a substitute for professional judgment. The form may be modified by adding or omitting certain ratio analysis. CLIENT NAME: | Pinnacle Manufacturing Company | DATE OF FINANCIAL STATEMENTS: | For Period/Dates Ending December 31‚ 2009‚ 2008‚ 2007 | LIQUIDITY RATIOS 2009 | 2008 | 2007 | | | | | Current Assets | 44‚497‚169 | 36‚195‚745 | 36‚005‚390 | Current Liabilities | 25‚926‚158 | 17‚605‚301 | 16‚340
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five months of negotiation. In this report we will examine why it made strategic sense for the two companies to combine and evaluate the performance of the combined companies since its merger. In particular we will analyze the post-merger financial statements and highlight a few points regarding the accounting. INTRODUCTION OF KRAFT AND CADBURY Kraft Foods Inc. (KFT) is the world’s largest food processing company with revenues of $40 billion (fiscal year 2009) which sells its products in more
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Absorption costing are two different methods and ways that many organizations use to determine and calculate product cost. The income statements formats of both methods include period and product costs. However‚ each one has a different cost classification definition. Both have the same direct material and direct labor allocation‚ the differences is how they report the income‚ product‚ and pricing One of the main differences between the two methods is the accounting for the fixed manufacturing
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Discussion paper‚ research‚ exposure draft‚ standard. (c) Research‚ preliminary views‚ discussion paper‚ standard. (d) Research‚ discussion paper‚ exposure draft‚ standard. 3. GAAP is comprised of: (a) FASB standards‚ interpretations‚ and concepts statements. (b) FASB financial standards. (c) FASB standards‚ interpretations‚ EITF consensuses‚ and accounting rules issued by FASB predecessor organizations. (d) any accounting guidance included in the FASB Codification. 4. The authoritative status of
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months to complete. Professional Services The newest of the three divisions‚ had been added to Enager by acquiring a large firm that provided land planning‚ landscape architecture‚ structural architecture‚ and consulting engineering services. STATEMENT OF THE PROBLEM: The problem occurred when the president was unsatisfied with the ROA (Return of Assets) of Industrial Products Division and tried to put pressure on the General Manager of the Division. To develop and understanding of process
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No late submissions will be accepted. Assignment-1 The Procter & Gamble Company (P&G) The financial statements of P&G are Posted in BlackBoard‚ under “Handouts” Instructions Refer to P&G’s financial statements and the accompanying notes to answer the following questions. (a) What type of income statement format does P&G use? Indicate why this format might be used to present income statement information. (b) What are P&G’s primary revenue sources? (c) Compute P&G’s gross profit for each of
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