December 31‚ 2012 1 Contents 02 03 06 07 08 09 10 11 Company Information Chairman’s Review Condensed Interim Balance Sheet Condensed Interim Profit and Loss Account Condensed Interim Statement of Comprehensive Income Condensed Interim Statement of Changes in Equity Condensed Interim Cash Flow Statement Selected Notes to and Forming Part of the Condensed Interim Financial Information 2 Honda Atlas Cars (Pakistan) Limited Company Information The Board of Directors Mr. Yusuf H. Shirazi
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Financial Statement Differentiation There are four different types of financial statements; they are balance sheets‚ income statements‚ retained earnings statements‚ and statements of cash flows. Each of these financial statements are important to investors‚ creditors‚ and management in various ways. This paper will provide further insight into these financial statements as well as explore‚ which of these would be of interest to investors‚ creditors‚ and management. Financial Statements
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IPSASB Exposure Draft (ED) 47 March 2012 Comments due: July 31‚ 2012 Proposed International Public Sector Accounting Standard Financial Statement Discussion and Analysis The International Public Sector Accounting Standards Board (IPSASB) sets International Public Sector Accounting Standards (IPSASs) for use by public sector entities‚ including national‚ regional‚ and local governments‚ and related governmental agencies. A key part of the IPSASB’s strategy is to converge the IPSASs‚
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general rule‚ revenue is normally recognized when it is: A. measurable and earned. B. measurable and received. C. realizable and earned. D. realizable. 3. Which of the following measures of accounting income is typically reported in an income statement? A. Net income B. Comprehensive income C. Continuing income D. All of the above 4. According to FASB‚ initial franchise fees should be recognized as income when: A. the franchiser has substantially performed or satisfied all material services
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Basic Financial Statements Accountants‚ business owners‚ investors‚ creditors and employees use four basic financial statements of an organization to determine the financial well-being and future earnings potential of that organization. Financial statements are a key tool in seeing and understanding the past‚ present and future condition of an organization. What are these financial statements and what do they mean to the reader? Do the financial statements mean something completely different to
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HISTORY This Income Statement also known as the Earnings Statements or statement of operation‚ is one of the four Financial Statement used by accountants‚ business owner’s‚ and investors. The Income Statement provides a detailed look into how profitable a business has been over a designated period of time. OBJECTIVES To be able to give Accounting Technology students quick reference when it comes to Income Statements. WHAT IS INCOME STATEMENT? This income statement tells how much
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Financial Statements Paper � PAGE * MERGEFORMAT �3� Financial Statements Paper One of the primary means of measuring success in a business is profit. Accounting provides the means to measure the various factors that affect the finances of a business by identifying‚ recording‚ and communicating economic events that affect a company (Weygandt‚ 2008). Because various factors can influence an organization ’s financial situation‚ the role of accounting is vital in which these three activities are conducted
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Review of Financial Statements Paper The following financial comparison of two publicly traded companies‚ Whole Foods Market Inc. and Target Corporation‚ will enhance the understanding of the proposal presented for a possible corporate acquisition presented to our company. This presentation will present the possible acquisition of Whole Foods Market Inc. by Target‚ Inc. Both companies are industry based organizations. Whole Foods Market Inc. brings financial strength to an already financially stable
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Financial Statements – Understanding the Framework Done by: Yaazdan Katrak Cardiff MBA Feb ‘13 Roll No: 1309 Through this framework we learn how to prepare financial statements by applying accounting standards‚ allows the board to regulate the rules‚ provides detailed information to those interested in accounting and helps financial users to interpret the information. The Scope of this framework is to deal with the objective of financial statements‚ the qualitative characteristic that determines
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Financial Statement Restatement Paper Justina Kabanuk University of Phoenix ACC/537 Financial Accounting Steven Hall July 5‚ 2010 Financial Statement Restatement Paper Financial statement users depend on accurate financial statements from corporations
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