2011-2012 FINANCIAL HIGHLIGHTS NOTICE OF MEETING GRAPHICAL REVIEW CORPORATE INFORMATION INFORMATION TO SHAREHOLDERS CHAIRMAN’S REVIEW 1 2 3 4 6 7 10 9 CONTENTS MANAGING DIRECTOR’S REVIEW PROFILES OF DIRECTORS STATEMENT OF DIRECTORS’ RESPONSIBILITIES CORPORATE GOVERNANCE 11 13 19 22 23 24 25 26 27 28 47 49 ANNUAL REPORT OF THE BOARD OF DIRECTORS ON THE AFFAIRS OF THE COMPANY AUDIT COMMITTEE REPORT INCOME STATEMENT BALANCE SHEET INDEPENDENT AUDITORS’ REPORT STATEMENT OF CHANGES IN
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2002:53 Financial Statement Fraud - Recognition of Revenue and the Auditor’s Responsibility for Detecting Financial Statement Fraud - Tiina Intal and Linh Thuy Do Graduate Business School School of Economics and Commercial Law Göteborg University ISSN 1403-851X Printed by Elanders Novum Abstract Financial reporting frauds and earnings manipulation have attracted high profile attention recently. There have been several cases by businesses of what appears to be financial statement fraud
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report and financial statements of the Patton-Fuller financial information. This paper will summarize the relationship between revenue sources and expenses and explain the effect of revenue sources on financial reporting and reviewing the annual reports of 2008-2009‚ and the differences between the audited and the unaudited statements‚ as well as determine how the hospital’s revenues and expenses are grouped for planning and control. How did the audited and unaudited financial statements differ?
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Ratio analysis 1. Liquidity ratio The liquidity ratios measure the company’s ability to meet its short-term debt obligations (Intermediate accounting- Kieso‚ D.E.‚ J.J. Weygandt and T.D. Warfield). These ratios include current ratios‚ quick ratios‚ and cash ratio. Current ratio: the current ratio of GM has increased from 1.29 in 2012 to 1.30 in 2013. With a higher ratio in 2013‚ it’s better for GM to meet its short-term obligation. Quick ratio: the quick ratio of GM has improved from 0.79 in 2012
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1.0 Executive Summary This report provides an analysis and compare of the current profitability‚ efficiency and financial stability of Premier Investments Ltd and David Jones Ltd over last 2 years. Methods of analysis include trend‚ horizontal and vertical analyses as well as ratios such as Gross Net profit margin‚ Inventory turnover and Current ratios. All calculations can be found in the appendices. Results of data analysed show that David Jones Ltd have better performance and is more stability
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A Financial Ratio Quarterly Trend Analysis of Apple‚ Inc. Stock Symbol: AAPL Listed on NASDAQ Prepared for: Department of Finance and Real Estate Florida International University In partial fulfillment of the requirements of the course: By: Introduction This report provides a financial quarterly trend analysis for Apple Inc. The U.S. based company (formerly Apple Computer‚ Inc.) is an American multinational corporation that designs and sells consumer electronics‚ computer
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INTRODUCTION Absence is the failure of a worker to report for work when he is scheduled to work. A worker is to be considered as scheduled to work when the employer has work available for him and the worker is aware of it. A worker is to be treated as absent for purpose of this absenteeism. Statistics even when he does not turn up for work after obtaining prior permission any worker who reports for duty even for a part of the day or shift should not be‚ counted among absentees. The statistics
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ICBI 2010 - University of Kelaniya‚ Sri Lanka THE VALUE RELEVANCE OF FINANCIAL STATEMENTS’ INFORMATION: WITH SPECIAL REFERENCE TO THE LISTED COMPANIES IN COLOMBO STOCK EXCHANGE. W.V.A.D. Karunarathne Doctoral Candidate‚ Department of Government Economics‚ Huazhong Normal University‚ Wuhan‚ Hubei‚ P.R. China. anurawvadk@kln.ac.lk / anurawvadk@gmail.com R.M.D.A.P. Rajapakse Faculty of Commerce and Management Studies‚ University of Kelaniya‚ Sri Lanka. amilarajapakse@gmail.com . ABSTRACT Investors
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The ratios considered useful by upper management will be different than what an investor consider useful. Senior management will be concerned with the ratio like return on total assets because they want to know how the company is fairing overall and whether they will be able to meet the debt holders liability and shareholders expectation. An investor will be more concerned with ratios like return on equity because they just want to know how whether they will be able to make profit on their investment
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Financial Statement Review University of Phoenix ACC/561 Financial Statement Review Introduction Financial statements play a significant role in each and every type of business. The financial statements provide a wealth of information to auditors‚ creditors‚ investors‚ suppliers and other important venues that need access to this type of information. This paper will discuss four different types of financial statements and how they are utilized by vendors‚ creditors and others
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