Sources of funds schedule
MOHAMMAD DANIAL BIN MOHAMMAD DASUKI| RM 50|
MUHAMMAD AZMI B. MUHAMMAD ASRI| RM 50|
NABIL FIKRI B. ABDUL RANI| RM 50|
AHMAD FADHLI B. KAMAROLLZAMAN| RM 50|
SAFWAN FATHI BIN AB LATIF| RM 50|
NUR SHAMIMIE BT MAT NAFI| RM 50|
ZATUNNAJIHAH BT MOHD NOOR| RM 50|
NOR FAIZAH BT SAUDIN| RM 50|
LIM HUI TIN| RM 50|
AIN SYUHADA AFIFA BT HAMZAH| RM 50|
JACQUELINE JOHN HIEW| RM 50|
CHAN YOKE WAH| RM 50|
...Financial services encompass a variety of businesses that deal with money management. These include many different kinds of organizations such as banks, investment companies, credit card companies, insurance companies and even government programs. Financial services can also refer to the services and products that money management organizations offer to the public.
Banks are one kind of financial services organizations. Banks generally function by providing a sheltered and secure place for people to store their money. Usually, banks will invest their clients' stored money for the bank's gain, while paying a small amount of interest to those who keep their money in savings or checking accounts.
Banks often provide a variety of financial services, including the issuance of loans, mortgages, checks, and credit cards. Some banks are known as private banks and offer services only to those who have a high net worth. Generally, private banks will offer a broader range of services to their clients than other banks.
Investment services, another type of financial service, generally deals with helping individuals and other entities invest their money in stocks, shares or funds. These services usually offer financial products for investors to buy, such as mutual funds. Usually, money invested with an investment service is managed by the service for the gain of the individual...
Individual Financial Statements Paper
ACC/290 Principles of Accounting
Professor: Bruce Geddus
January 8, 2014
Introduction to financial accounting and it's my turn to identify the four basic financial statements and to describe them as well. In this financial statement paper I will also be describing the four financial statements, discuss how the fourfinancial statements are useful to internal users such as managers and employees. And last I will discuss how the financial statements are very useful and important to external users such as investors and creditors. Financial statements are the primary means of communicating the financial information of an organization to the external users. The four general-purpose financial statements are the income statement, statement of retained earnings, statement of cash flow, and the balance sheet. It is very important that when doing a financial statement that you make sure all your numbers and up or just one mistake can mess up everything.
Now to describe the purpose of each of the four pieces of the financial statement I will start with the balance sheet. The balance sheet is the statement that lists the assets of a business and the corresponding claims such as liabilities and equity on those assets. I feel that...
Financial Statements Interpretation: IBM
June 15, 2015
Financial Statements Interpretation: IBM
Industry analysts use ratio analysis when they are trying to identify trends with an organization as well as when they are trying to compare and contrast the financial standing of the firm to the industry. Using ratio analysis will allow would be investors to make an informed decision on whether to invest in that firm or spot trends for that firm, they are a useful tool for both investors and those managing. This paper uses ratio analysis to calculate the financial performance of IBM Corporation for the last 3 years: 2012-2014. Using the analysis to then compare to the entire industry.
Liquidity ratios will be able to tell if a company is able to pay of their short-term debts, they use short-term assets to be calculated. Two of the main ratios used to determine if the firm can pay off short-term loans, “This is done by comparing a company's most liquid assets (or, those that can be easily converted to cash), its short-term liabilities.” (Investopedia, 2015). To calculate liquidity ratios, you need find current ratio and quick ratios. To find the current ratio you divide current assets by current liabilities.
Current ratio IBM
... Financial Analysis of Sobeys Inc.
This report is based on the consolidated financial statements of Sobeys Inc. for the years 2011 and 2012 with some reference and calculations from 2010 as well. The audit was performed by Grant Thorton chartered accountants. Office location is Suite 1100, 2000 Barrington Street, Halifax, NS. Calculations are based on GAPP numbers provided in these statements. IFRS standards have been adjusted at the end of thefinancial statements if reference is needed for those standards.
Short term Liquidity
Sobeys Inc. current ratio drops from an acceptable 1.59 in 2011 to .963 in 2012. Being in the grocery industry this is not uncommon as inventories are higher because of the high inventory turnover rate which is higher than the accounts payable becoming due. With the exception of high inventories in this calculation the firm appears to be efficient in paying its obligations. The main contributor to the decrease in the ratio value is 2012 long term debt due within one year increase by approximately 200 mill. Note 13 states “ at end of year the $200 mill non revolving term credit was drawn down to due within one year”, this caused a substantial increase in current liabilities which in turn effects this ratio value. Working capital decreased in 2012 from 2011’s healthy positive value of $266.6 mill to a negative value of -$72.6 which is also a cause of long term debt due within one year increasing...
...615,000 | | Total liabilities & equity | $138,615,000 |
Extra Financing Needed $0
Year 2009 ratios | | Year 2010 ratios | | | | | | | |
Liquidity Ratio | Liquidity Ratio | Observations |
Current Ratio | 0.750 | Current Ratio | 0.733 | ECY's liquidity decreases which put ECY in a higher risk of financial trouble/bankruptcy. The lower liquidity means ECY begins paying its bills (account payable) more slowly, borrowing more from its bank, and so forth. |
Quick Ratio | 0.436 | Quick Ratio | 0.426 | |
| | | | | | | |
Asset Management Ratio | Asset Management Ratio | | | | | | |
Total asset Turnover | 1.540 | Total asset Turnover | 1.540 | Total asset & Inventory turnover is stagnant. Whereas receivables have increased meaning ECY will collect their sales faster than in year 2009. |
Inventory Turnover | 19.216 | Inventory Turnover | 19.216 | |
Receivables Turnover | 30.570 | Receivables Turnover | 33.346 | |
| | |
Financial Leverage Ratio | Financial Leverage Ratio | | | | | | |
Total debt ratio | 0.490 | Total debt ratio | 0.483 | Generally ECY's financial leverage ratio decreases but interest coverage in the year 2010 increases, which means ECY will perform better since creditors prefer low debt ratios because the lower debt ratio, the greater the cushion against creditor's losses in the event of liquidation. The increased in...
December 18, 2012
There are four main types of financial statements in the account world. Each statement has a difference focus and importance. Managers, creditors, and investors to learn about a company’s financial status and to make decisions about the company use the financial statements. Each financial statement type will briefly be defined and explained in this paper. Also, why these statements are of interest to managers, creditors, and investors. According to Kimmel, Weygandt, and Kieso (2009), “Assets, liabilities, expenses, and revenues are of interest to users of accounting information. This information is arranged in the format of four different financial statements, which form the backbone of financial accounting”.
Types of Statements
Financial statements are used to record a business’ activities. They are used as key components to making business decisions. There are four financial statements. These statements are the income statement, balance sheet, retained earnings statement, and statement of cash flows.
An income statement is used best for tracking the operations of a business during a specific period of time (Kimmel, Weygandt, Kieso, 2009). The income statement provides information about a business’ revenues and expenses. The statement also shows a...
...other financial institution (financial intermediaries) directly into investment instruments issued by the ultimate users of the funds. Investors and borrowers transact business directly and thereby bypass banks or other financial intermediaries. (2) The elimination of intermediaries between the first case providers of capital and the ultimate users of capital, withdrawal of funds from financial intermediaries such as banks, thrifts, and life insurance companies in order to invest directly with ultimate users.
In America, most mutual savings banks are located in the Northeast, and are owned by their depositors and borrowers. A mutual savings bank does not issue capital stock. Profits are distributed to the owner/customers in proportion to the business they do with the institution.
The Mutual Savings Bank Crisis of the 1980s was the first of the banking crises addressed by the FDIC in the 80s. The crisis was brought on by new options in the financial services market that caused disintermediation. In order to rescue the mutual savings industry, the FDIC was forced to experiment with a number of different regulatory attempts. Many mutual savings banks including Richard Parsons's Dime Savings Bank were forced to submit to assisted mergers and demutualization. The mutual savings crisis management served as a training ground for the Savings & Loan and Commercial Banking Crises.
While there has been a general...
...Financial analysis Lynn University Analysis of financial position is the assessment of stability, viability, and profitability of a project or business. It is performed using ratios and used in making decisions by top management. The information from the analysis helps the management make decisions regarding investment, lending, and issuance of stocks, purchases, continuation, and discontinuation. The goals of performing financial analysis are to asses profitability, solvency, liquidity, and stability. Profitability is the ability to generate income and sustain growth in the short term and long term. A solvent organization can pay its obligations and others in the long term. A liquid company can maintain positive cash flow and also meet its immediate obligations. A stable company can maintain itself in business for a long time in future (Coyle, 2010). Financial ratios are used to perform financial analysis. A financial ratio is a qualified scale of two selected financial numerical taken from an organizations financial statement. The market share of an organization in the market can be used to calculate the ratios. If a company is traded in the stock exchange market, it could be easier to do so. They are expressed as decimals or percentages (Coyle, 2010). Profitability ratio It measures ability to generate adequate income to sustain growth. The use of assets...