CHAPTER 2 – Investing and Financing Decisions and the Balance Sheet I. THE OBJECTIVE OF FINANCIAL REPORTING‚ THE ELEMENTS OF THE BALANCE SHEET‚ AND THE RELATED KEY ACCOUNTING ASSUMPTIONS AND PRINCIPLES. A. Primary objective of financial reporting 1. To provide useful economic information about a business to help investors and creditors make good financial decisions. a. Decision makers are expected to have a reasonable understanding of accounting concepts and procedures
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BALANCE GYM BUSINESS PLAN Executive Summary Introduction Balance Gym is a fitness centre operated in the heart of Brisbane. Balance gym aims to provide the best equipment and quality towards the business customers. At Balance Gym it is all about getting the best services with the best facilities and help available. As the location is also where most Queenslanders love to visit therefore Balance Gym strive to make sure
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About NOEL Group Gifts International Founded in 1975‚ Noel Gifts International Ltd is a Singapore-based company engaging in activities which are grouped into two divisions namely‚ Gifts and Properties. The Gifts division involves the online sale of gift hampers and floral arrangements in Singapore and Southeast Asia‚ as well as the management of the franchise programme. This division encompasses a few subsidiaries; Humming Flowers & Gifts Pte Ltd‚ Noel Hampers & Gifts (Johore) Sdn. Bhd.
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Jeronimo Martins Group’s Consolidated Balance Sheet as of 31 December 2011 and 31 December 2010‚ has been analyzed respectively the correspondents values‚ structure and relevant changes for assets and Liabilities & Shareholder’s Equity with following conclusions: I. The main assets of Jeronimo Martins Group are noncurrent (about 75%) concentrated mostly in tangible assets (about 50%) followed for the intangible assets (about 18%); II. The current assets are mostly inventories and cash or cash equivalent;
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Off-balance Sheet Financing Vehicles – Restructuring Problems When something collapses‚ there are always some things to blame on; and for the financial crisis erupted August 2007‚ people blamed it on off-balance sheet financing vehicles. Special purpose entities (SPEs)‚ structured investment vehicles (SIVs)‚ or variable interest entities (VIE) are different terms used for “off-balance sheet financing” practices that banks had used to hide their debts until the recent market meltdown. This paper
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different currencies. Our team was given this money in attempt to grow the funds through trading various currencies that we believe were appreciating and depreciating. Our main source to perform this was articles from Bloomberg. We were looking for current information that could help us make the most optimal trade. We struggled at first understanding the data that was the main contributor to our -274.99 loss. However‚ our last two trades equated to 287.35. The overall return was -.55%‚ but with the
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96 Balance Sheet 2004 2003 Edwards‚ Inc. has prepared the following comparative balance sheets Cash $198‚000 $102‚000 for 2003 and 2004: Receivables $106‚000 $78‚000 2004 2003 Inventory $100‚000 $120‚000 Prepaid expenses $12‚000 $18‚000 Cash $ 198‚000 $102‚000 Plant assets $840‚000 $700‚000 Receivables 106‚000 78‚000 Accumulated depreciation $(300‚000) $(250‚000) Inventory 100‚000 120‚000 Patent $102‚000 $116‚000 Prepaid expenses 12‚000 18‚000
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operation and learnt that the McDonald brother had desired to franchise their operation. Besides that‚ McDonald also into international market and continue to expend around the globe. For the management of McDonald‚ the main aspect to entire the business are ethical‚ truthful‚ and dependable. McDonald was conduct by their Board of Director that insure their act in the best interest. Apart from that‚ takes a proactive approach to enforcing their global food service. For the Global Perspective‚ McDonald
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Why are accounts important To begin by why accounts are important‚ a person should first know what accounts actually mean. Accounts are financial records of an organization that register all financial transactions‚ and must be kept at its principal office or place of business. The purpose of these records is to enable anyone to appraise the organization’s current financial position with reasonable accuracy. Firms present their annual accounts in two main parts: the balance sheet‚ and the income
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Net Profit or Loss for the Period 89 Accounting Standard (AS) 5 (revised 1997) Net Profit or Loss for the Period‚ Prior Period Items and Changes in Accounting Policies Contents OBJECTIVE SCOPE DEFINITIONS NET PROFIT OR LOSS FOR THE PERIOD Extraordinary Items Profit or Loss from Ordinary Activities Prior Period Items Changes in Accounting Estimates CHANGES IN ACCOUNTING POLICIES Paragraphs 1-3 4 5-27 8-11 12-14 15-19 20-27 28-33 90 AS 5 (revised 1997) Net Profit or Loss for the Period
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