• Income Statement • Retained Earnings Statement • Balance Sheet • Statement of Cash Flows • Interrelationships of Statements OBJECTIVE: Evaluate financial statements of nongovernment organizations. Resources: Ch. 1 of Accounting Content • Ch. 1: Introduction to Financial Statements of Accounting o A Quick Look at Tootsie Roll’s Financial Statements • Income Statement • Retained Earnings Statement • Balance Sheet
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Dell Inc. Fiscal Year 2012 First Quarter Earnings Conference Call May 17‚ 2011 OPERATOR: Good afternoon and welcome to the Dell Inc. First Quarter Fiscal Year 2012 Earnings Conference Call. I’d like to inform all participants that this call is being recorded at the request of Dell. This broadcast is the copyrighted property of Dell Inc. and a rebroadcast of this information in whole or part without the prior written permission of Dell Inc. is prohibited. As a reminder‚ Dell is also simulcasting
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Fiat Chrysler Q2 Earnings Group Performance: FCA has reported a positive overall financial performance for the second quarter of 2015. It earned a net profit of € 333 million that is up 69 % from Q2 2014 net profit of € 197 million. Net revenue for the group increased by 25 % from € 23.3 billion to € 29.2 billion while there was a slight reduction in net industrial debt which now stands at € 8.0 billion. The outstanding improvement in net profit and EBIT was led by a strong improvement in NAFTA
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Understanding the Auditor’s Report If all the facts concerning financial transactions were properly and accurately recorded and if the owners and managers of business enterprises were entirely honest and sufficiently skilled in matters of accounting and recording‚ there would be little need for independent auditing. However‚ human nature being as it is‚ there probably will always be a need for the auditor. Many businesses‚ depending on size and nature‚ employ internal auditors. Their responsibilities
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different financial statements‚ which are balance sheet‚ income statement‚ retained earnings‚ and statement of cash flows. A balance sheet illustrates a financial picture at a point of time of what a business owns‚ which are the assets and what it owes‚ which are the liabilities. The income statement portrays how well a business performed during a period of time; and it reports revenue and expenses. The retained earnings statement indicates how much dividends are distributed and how much was retained
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Information System Security SEC/440 04/22/2013 Information System Security In today’s time‚ every organization is made up of information security systems. Information security systems are what keep an organization running smoothly and efficiently while holding all their important information in their computers and networks. All information security systems consist of password protections‚ firewalls; many different security features can prevent hackers from attacking‚ physical protection
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EARNINGS PER SHARE Q1 Companies A and B both have earnings of $10‚000‚ but company A has a share capital of 100‚000 shares‚ while company B has a share capital of 50‚000 shares. If no other information is available which company’s share do you want to buy? o Company A o Company B o Both Company A and B o Neither All companies which comply with international standards must present EPS figures in the statement of comprehensive income. True or False? Q2 True False
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Chong Jia Yi Y12 “The course of true love never did run smooth” - Shakespeare’s ‘A Midsummer Night’s dream’ In the play ‘A Midsummer Night’s Dream’ by Shakespeare‚ the quote ‘The course of true love never did run smooth’ is discussing the idea of true love and what it entails. The quote implies that when it is true love‚ it will not be easy‚ but‚ essentially‚ it is worth all the trouble. The use of the phrase ‘true love’ in the quote creates a very contradicting effect as the phrase is
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Phoenix ACC/561 course textbook Accounting Tools for Business Decision Making Chapter One provides in-depth descriptions of financial statements generated by a business to analyze accounting information. The balance sheet‚ income statement‚ retained earnings statement and statement of cash flows reports provide a quantified view of the financial health of a business. Financial statements are generated to evaluate past‚ present and future performance. The questions and answers below identify the statement(s)
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Good afternoon everyone‚ today we are going to continue to talk about the consequence of Earning Management‚ I am xxx We will present the bad side of earning management through 2 cases‚ The first one is Enron: what happened and what we can learn from it and the second one is the ethical dilemma at Northlake. Both cases are present how management is motived to manipulate accounting numbers to achieve their specific purpose‚ for example in the first case‚ Enron increased their net income through
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