Lesson 1: The Accounting Process (Textbook Libby et al. Chapters 1 and 2). Objectives: When you have successfully completed this lesson‚ you will be able to... Define accounting and explain its purpose Define business and identify the different types of businesses Explain the accounting equation: Assets = Liabilities + Owner’s Equity Visualize the start of a business‚ create accounting transactions for it‚ and prepare simple financial statements Reading Assignment Please read chapters
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Financial Analysis Case: Peng Plasma Solutions PROFESSOR LENA C. BOOTH Objectives • The objectives of the Financial Analysis session are to analyze Peng Plasma Solutions financial performance‚ and to see why properly managing funding needs is essential for a company to pursue its corporate strategies. Professor Lena C Booth 2 Peng Plasma Solutions – Company Background • A private metal cutting company in China‚ founded by Jerry Peng‚ together • • • • with
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In recent years‚ the range of accounting application is expanding rapidly‚ along with the increasing demand of economic market. As is well known‚ accounting is a key aspect of business. And in the accounting profession‚ there has been already existed interpenetration and overlapping among the different kinds of accounting. Cost accounting and financial accounting are two main components of accountancy. The former one is a part of accounting. In cost accounting‚ it dramatically researches the variable
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STATES SECURITIES AND EXCHANGE COMMISSION Washington‚ D.C. 20549 Form 10-K (Mark One) È ‘ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 29‚ 2012 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 000-10030 APPLE INC. (Exact name of registrant as specified in its charter) California 94-2404110 (State
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Financial Reporting Google is a publicly traded company which means that customer and stakeholders have access to the company’s financial information. The balance sheet and income statements are the two financial statements which gives a brief summary of a company’s overall financial condition. The balance sheet focuses and report figures of assets‚ liabilities and owner’s equity of the business. Assets are anything that a business has with a value such as furniture‚ liabilities are monies owe to
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Accounting Policies Manufactured Homes (MH) uses the installment sales method for recognizing revenue. Using this installment sales method assumes that the customer probably will not default and there is little risk for the company. As cash is supposed to come in‚ revenues are matched with expenses. However‚ if the customer defaults‚ then there are many future expenses that cannot be matched with corresponding revenue. The company usually sold its installment contracts to unrelated financial institutions
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Johor Bahru‚ Johor Darul Ta’zim Tel (067) 332 3536 http://www.hupseng.com ANNUAL REPORT 2008 HUP SENG INDUSTRIES BERHAD (Company No: 226098-P) CONTENTS Corporate Information 2 Corporate Structure 3 Chairman’s Statement 4 Financial Highlights 6 Directors’ Profile 7 Statement on Corporate Governance 13 Statement of Directors’ Responsibilities in Relation to Financial Statement 17 Other Compliance Information 18 Audit Committee 19
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Company‚ Kolkata M/s. Agrawal Anil & Company‚ New Delhi CONTENTS 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. Board of Directors Notice for Annual General Meeting Directors’ Report Comment of the Comptroller & Auditor General of India Ten Years at a Glance Auditors’ Report Balance Sheet Profit & Loss Account Cash Flow Statement Schedule to Accounts Accounting Policies Notes on Accounts Balance Sheet Abstract and Company’s General Business Profile Green Initiative in Corporate Governance ... ... .
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Financial Statement Analysis Financial Statement Analysis The financial health of an organization can be evaluated using ratio analysis. A comprehensive review of Landry’s Restaurants‚ Inc using their 2003 Annual Report will use seven different ratios calculated from Landry ’s financial statements. The ratio analysis will test the profitability‚ liquidity‚ and solvency of the company. Liquidity ratios measures the "short-term ability of the enterprise to pay its maturing obligations
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differences between management accounting and financial accounting include:[1] 1. Management accounting provides information to people within an organization while financial accounting is mainly for those outside it‚ such as shareholders 2. Financial accounting is required by law while management accounting is not. Specific standards and formats may be required for statutory accounts such as in the I.A.S International Accounting Standard within Europe. 3. Financial accounting covers the entire organization
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