“WHY NOT ELIMINATE GOODWILL?” INTRODUCTION The Balance Sheet is one of the financial statements necessary to help different kinds of individuals – owners of enterprises‚ management of companies‚ analysts‚ creditors‚ inventors in making business decisions. It is a statement that tells about the financial position of the company. It encompasses the three main elements of the accounting equation – the assets‚ the liabilities and owner’s equity. The assets are resources controlled by the enterprise
Premium Balance sheet Asset Goodwill
to the entity’s assets. c. Is calculated using net income as the amount of return? d. Is calculated by dividing average assets for a period by the amount of net income for the period. 4. Another term for return on investment is: a. Return on equity. b. Return on assets. c. Return on retained earnings. d. None of these. 5. The return on investment measure of performance: a. is relevant only to business enterprises. b. Is used by individuals to compare investment performance. c. Is calculated
Premium Balance sheet Investment Generally Accepted Accounting Principles
Coca Cola Company Balance sheet As at Dec 31‚ 2012 (millions) Assets Current Assets Cash 8‚442 Short-term Investments and Marketable Securities 8‚109 Inventories 3‚264 Prepaid Expenses 2‚781 Other Current Assets
Premium Balance sheet Generally Accepted Accounting Principles Liability
Utilitarianism & Stockholder Theory There are many theories when it comes to business ethics and what approaches to take. Two of these leading theories today are Stakeholder Theory and Stockholder Theory. But how does a business executive decide which theory to use when approaching business ethics? This could be determined by the choice of ethical decision-making model by the individual executive. In this essay‚ I will attempt to provide a basis for which a utilitarian thinking business executive
Premium Ethics Business ethics Utilitarianism
the payment services through various kinds of deposits‚ debit cards and credit cards ANALYSIS OF COMMERCIAL BANK BALANCE SHEET For my assignment I have picked up Lloyds TSB as my bank. Lloyds TSB is one of the four biggest bank in the UK. I have taken 2007 annual report as the group has published only the 2008 interim report. The second item which we see in Lloyds TSB balance sheet is loan and advances to banks. It reflects the interbank relationship. This figure has fallen for most of the commercial
Premium Bond Debt Bank
number included on it. 2. Discuss with the sales manager whether any sales allowances have been granted after the balance sheet date that may apply to the current period. 3. Add the columns on the aged trial balance and compare the total with the general ledger. 4. Observe whether the controller makes an independent comparison of the total in the general ledger with the trial balance of accounts receivable. 5. Compare the date on a sample of shipping documents throughout the year with related
Premium Invoice Accounts receivable Balance sheet
Analysis of Balance Sheet As the Indian economy bounced back and grew by 7.2% in 2009-10‚ the automotive industry in India recorded steady growth in the first two quarters and recorded significant growth in the last two quarters of 2009-10. The commercial vehicle industry grew by 40.1% compared to the decline of 17.4% in 2008-09. The passenger vehicle industry‚ which had showed a decline of 0.5% in the previous year‚ grew by 24.8% in 2009-10. With single digit inflation‚ the monetary policies of
Premium Balance sheet Asset Inventory
How did the corporate culture of Enron contribute to its Bankruptcy? Once a sound company listed in fortune 500‚ Enron‚ lead to downfall because of deceptive accounting system incorporated within the organization. Enron’s dubicious finance finally collapsed in Dec 2‚ 2001 as it filed Bankruptcy in New York Bankruptcy court. The corporate culture of Enron focused on financial performance neglecting the stakeholder’s value .The relentless emphasis on the importance of the shareholder’s value created
Premium Enron Balance sheet
Decoding Apple ’s Balance Sheet In March of 2009‚ Apple had its best March quarter revenue and earnings in Apple history (Apple). In order to see how this occurred‚ it is important to look over the financial statements of Apple. There is a lot of information available to investors who are interested in investing in a company. By looking specifically at the balance sheet of Apple I am going to determine if investing in Apple is a good idea or a bad idea. Some things I am going to consider are
Premium Balance sheet Asset Generally Accepted Accounting Principles
statement and balance sheet. Their preparation is also desirable but not compulsory. However‚ they are generally prepared. In the case of trading concern‚ a trading account and in the case of a manufacturing concern‚ a manufacturing account and a trading account can also be prepared. In such a case‚ the account heading is mentioned as follows: Manufacturing/trading and profit and loss account. In the case of joint stock companies’ preparation of the profit and loss account and balance sheet every year
Premium Balance sheet Asset Generally Accepted Accounting Principles