2008 Income Statement: a) Apple Inc uses multi-step income statement format. It organizes its operating section by using functional expense classification. b)There are no unusual items presented in Apple’s income statement. Also the company did not discontinue any of its operations‚ neither had any changes in accounting principles. The net income for 2008‚ 2007‚ and 200 is $4‚834‚ $3‚496‚ and $1‚989 respectively. The net income has increased continually in past three years. Net income increased
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Intermediate Accounting Project Assignment #1 AIA2-1 (Financial Reporting Issues: The Procter & Gamble Company) a) Proctor and Gamble’s revenue recognition policies state that the customer recognizes revenue upon either date of shipment or date of receipt; e.g. when the product or receipt has switched hands. They also record revenue net of sales‚ trade promotion spending‚ and other taxes on behalf of governmental authorities. All of these transactions are generally recorded at time of
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EXERCISE 4-3 (20–25 minutes) LeRoi Jones Inc. Income Statement For Year Ended December 31‚ 2007 Revenues Net sales ($1‚250‚000(b) – $17‚000) $1‚233‚000 Expenses Cost of goods sold 500‚000 Selling expenses 400‚000(c) Administrative expenses 100‚000(a) Interest expense 20‚000 Total expenses 1‚020‚000 Income before income tax 213‚000 Income tax 63‚900 Net income $ 149‚100 Earnings per share $ 7.46* *Rounded
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misunderstood that the two are the same things. The role of accounting is to analyzes the past performance and the expenses of the comapany. For example‚ record all the business transaction and present it in a from of income statement to show profit or loss and also prepare statement of financial position which show the financial position of the company at a specific date. This information is then used by financial managemnet to make decisions about the future.To make it clear‚ accouting is part of
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Internship / Project Title: Revenue Operations Specialist Internship / Project Progress: I worked in a Saas-based company as a revenue operation specialist. My main responsibilities were to work closely with the CFO with weekly cash flow analysis and to apply cash‚ book journal entries and created A/R aging reports in Net Suite and GP. Also‚ I completed monthly GL account reconciliations and revenue waterfalls and prepared SOX filing‚ such as sales order and journal entry samples. Furthermore‚
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THE FINANCIAL ANALYSIS OF WELLPOINT Monica Jackson ACCT 205-1501B-06 UNIT 5 INDIVIUAL PROJECT AIU ONLINE Financial Statements Financial statement analysis allows systematic tools to be used in related data and general-purpose financial statements for making business decisions (American InterContinential University [AIU]‚ 2015). It allows accounting data to be converted into efficient information. It reduces confusion in decision making and presents an effective
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pipeline of Shrimp IMS was built by Aqua Bounty in 2005 and then contributed to all of its revenue in 2005. The core business that has huge potential application prospect once commercialized‚ is still delayed due to regulatory‚ so does positive net income. The company also needs additional capital for further investments over the coming years. The actual time of approval for genetically modified product lines is yet still uncertain. In order to maintain its operation and to fund its investments‚ Aqua
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IFRS Illustrative financial statements October 2012 kpmg.com/ifrs 1 Contents What’s new 2 About this publication 3 Independent auditors’ report on consolidated financial statements 5 Consolidated financial statements 7 Consolidated statement of financial position 9 Consolidated statement of comprehensive income – single-statement approach 13 Consolidated statement of changes in equity 17 Consolidated statement of cash flows 21 Notes to
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HARVARD UNIVERSITY EXTENSION SCHOOL MGMT S-2600: FINANCIAL STATEMENT ANALYSIS STUDY GUIDE FOR MIDTERM EXAM 1). On October 2‚ 2011‚ Starbucks Corporation reported‚ on its Form 10-K‚ the following (in millions): Total expenses Operating income Net earnings 2011 $10‚452.4 1‚728.5 1‚248.0 2010 $9‚759.1 1‚419.4 948.3 What amount of revenues did Starbucks report for the year ending October 2‚ 2011? A) $10‚452.4 B) $ 8‚723.9 C) $11‚700.4 D) $12‚180.9 E) None of the above Answer: C Rationale: Revenues
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CONTENTS 10 SHINepuKur WOrLDWIDe: BLue-CHIp CuSTOmerS 12 reCOGNITION Of perfOrmaNCe: aCHIevemeNTS 2011 14 feW vISIT GLImpSeS 2011 15 pOST 2011 aCTIvITIeS 16 NOTICe Of THe 15TH aNNuaL GeNeraL meeTING 17 CHaIrmaN’S STaTemeNTS 18 COrpOraTe GOverNaNCe 22 DIreCTOrS’ repOrT TO THe SHareHOLDerS 24 COrpOraTe GOverNaNCe COmpLIaNCe STaTuS repOrT 26 COmparaTIve STaTISTICS 27 auDITOrS’ repOrT 29 HIGHLIGHTS: 2011 Achievements received “National
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