Financial Statements ACC/290 September 14‚ 2012 Financial Statements This written essay will discuss the four basic financial statements used in accounting. It will describe the purpose of the four financial statements. How these statements would be useful to internal users‚ such as managers‚ and employees. How the external users‚ such as investors‚ and creditors would find these statements useful. Four Basic Financial Statements The four basic financial statements used in accounting
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Week Four Paper Part 1 Total assets at the end of its most recent annual reporting period? Why is this important? According to Sirius XM Radio Annual Sec Filing Form 10-K for The Year 2011 (2012)‚ the total assets for the company had at the end of calendar year 2011 is $7‚495‚996. This number is equal to the total liabilities and stockholders’ equity and a 1.5% increase from the previous year. Total assets at the end of the previous annual reporting period? Total assets for the previous year
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1. External users’ reliance on financial statements External users rely heavily on the financial statement of Pinnacle Manufacturing. Although‚ Pinnacle manufacturing is a privately held company it incurs a large amount of debt. As a result potential users rely heavily on financial statements. Pinnacle is selling the machine tech division to focus on engine manufacturing‚ the company’s core operations. This causes buyers to also rely heavily on financial statements. In No. 6 the board chooses
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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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MCQs in lecture from ch 2 1. Accounting theories should be A. Inductive B. Deductive C. Descriptive D. None of the given options is correct 2. Which of the following statements is true about accounting measurements such as profits and assets? A. They are subject to professional judgment B. They would not vary if prepared by different accountants‚ providing they were based on the same set of accounting standards C. They are based on hard‚ objective‚ evidence
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External Financial Reporting II Chapter 14 Debt This quiz is based on the 10-K for the year ended December 28‚ 2013 for PepsiCo‚ Inc. You can obtain Pepsi’s financial statements from the firm’s corporate web site at http://www.pepsico.com/Investors.html. Unless otherwise indicated‚ all questions relate to the current period’s financial statements. 1. How much is the current maturity of Pepsi’s long-term debt that was shown as a current liability? 5306millions 2. Compute the
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Observations of Risk: While systemic risk has been in a decline since the peak of the 2008 Financial Crisis‚ like all financial systems‚ the Brazilian Financial System is at risk from both internal and external factors. These factors coupled with developmental issues have created a higher risk environment for Brazil’s financial system in the most recent years. Standard & Poor’s recently awarded Brazil a credit risk of four‚ on their one to ten scale. A Standard & Poor’s Banking Industry Country
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THE DESTINED ADVENTURE BOOK 1: Fatality Nears Odysseus Sing in me‚ Muse‚ and through tell me the lost story of the boy‚ now a man‚ that through determination and skill‚ fought for his father’s life. For a previous suitor of his mother‚ Penelope‚
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Project Part 2 Task 2: Business Continuity Plan Ronald Horne 5/28/2015 INTRODUCTION 1.1 PURPOSE OF BUSINESS CONTINUITY PLAN The Business Continuity Plan is designed to prepare an organization to continue doing business when a disaster strikes. The BCP differs from the traditional disaster recovery plan in the fact that a BCP covers all aspects of the business and incorporates the DRP as part of it. The DRP focuses on restoring data and on information technology only. BUSINESS CONTINUITY PLAN
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This file OPS 571 Individual Assignment Apply the Learning Curve Theory Part 2 2 includes overview of the following parts: 1. Process Performance Data Initial Report (1st Day) Scenario 0 Process of Waiting Line for Customer Capacity Report Costs Formula for Usage‚ 2. New Simulation Process Scenario 1 (Week 1-2) Changed process has following Configuration: 3. Impact of new configuration on business of Pizza
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