The analysis of financial information refers to the process of the critical examination of the financial information contained in the financial statements in order to understand and make the decisions regarding the operations of the firm. There are four kinds of analysis namely; external analysis‚ internal analysis‚ horizontal analysis and vertical analysis. The external analysis is done by outsiders who do not have access to the detailed internal accounting records of the business firm. When it
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TITLE PAGE ROLE OF FINANCIAL STATEMENT IN INVESTMENT DECISION MAKING. (A CASE STUDY OF FIRST BANK OF NIGERIAN PLC) BY AMEDU‚ MERCY A. ACC/2008/502 A RESEARCH PROJECT SUBMITED IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF THE BACHELOR OF SCIENCE (B. SC) DEGREE IN ACCOUNTANCY. FACULTY OF MANAGEMENT AND SOCIAL SCIENCES‚ DEPARTMENT OF ACCOUNTANCY‚ CARITAS UNIVERSITY AMORJI NIKE ENUGU [ AUGUST‚ 2012 CERTIFICATION It is hereby certified that the research work
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Financial statements‚ also known as financial reports‚ record the financial activities of a business in short and long term. The four financial statements are: balance sheet‚ income statement‚ statement of retained earnings‚ and statement of cash flows. A balance sheet reports the assets‚ liabilities‚ and net equity on a company. An income statement reports income‚ expenses‚ and profits on a company. A statement of retained earnings shows a company ’s changed retained earnings. The statement
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A business’ financial conditions are of major concern to all its stakeholders. As capital providers‚ investors and creditors rely on a company’s financial conditions for both the safety and profitability of their investments. The four basic financial statements are (1) Balance Sheet‚ (2) Income Statement‚ (3) Statement of Retained Earnings‚ and (4) Statement of Cash Flow (Kimmel‚ Weygandt‚ & Kieso‚ 2010). The balance sheet represents the financial position of a company for a specific period
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What is Morpheme? Discuss Derivational‚ Inflectional and Cranberry Morphemes. Morpheme: A morpheme is the smallest unit of form that has meaning in a given language. A morpheme is a class of forms that have the same meaning or grammatical function‚ which are distributed non-contrastively either in mutually exclusively environments or in free variation. Examples: ‘un-’‚ comfort’‚ ‘-able’. Morphemes may be ‘free’ or ‘bound’. Free Morphemes: A morpheme is free if it is able to appear as a word by itself
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Phobias are the most common mental disorder in the U.S. While not comprehensive‚ this phobia list offers a glimpse of the many phobias that can have a serious impact on an individual’s life. A Ablutophobia- Fear of washing or bathing. Acarophobia- Fear of itching or of the insects that cause itching. Acerophobia- Fear of sourness. Achluophobia- Fear of darkness. Acousticophobia- Fear of noise. Acrophobia- Fear of heights. Aerophobia- Fear of drafts‚ air swallowing‚ or airbourne noxious
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of Practice & Theory Vol. 30‚ No. 2 May 2011 pp. 19–50 American Accounting Association DOI: 10.2308/ajpt-50009 Financial Statement Fraud Detection: An Analysis of Statistical and Machine Learning Algorithms Johan Perols SUMMARY: This study compares the performance of six popular statistical and machine learning models in detecting financial statement fraud under different assumptions of misclassification costs and ratios of fraud firms to nonfraud firms. The results show‚ somewhat surprisingly
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contrast‚ is very young. It is less than 250 years old. The population of Paris is also much larger than Washington’s Paris has more than 2‚500‚000 people. Washington has just over 700‚000. Classification Paragraph Paraphrasing is used for different purposes. Some paraphrases will be designated to support already existing evidence. Others will reinforce argumentation against evidence. Still others will help to develop existing arguments and provide back-up for any conclusion drawn in the course
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________________________________ Financial Statement Analysis Financial statement analysis (or financial analysis) the process of understanding the risk and profitability of a firm (business‚ sub-business or project) through analysis of reported financial information‚ by using different accounting tools and techniques. Financial Statement Analysis Tools Financial statements are usually the final output of companies accounting operations. These statements contain information relating to the revenues
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Chapter 2 Introduction to Financial Statement Analysis 2-1. What are the four main financial statements? What checks are there on the accuracy of these statements? The four financial statements are: the balance sheet‚ the income statement‚ the statement of cash flows‚ and the statement of changes in shareholders’ equity. Financial are required to be audited by a neutral third party‚ who checks and ensures that the financial statements are prepared according to GAAP or accounting standards
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