The Balance Sheet - 1472 Words
COURSE 2 - The Balance Sheet
The balance sheet (also called statement of financial position) reports the financial position of the business at a point in time. It does so by listing the categories and amounts of assets, liabilities and equity on a specific date, in a format that proves the fundamental accounting equation.
ASSETS = EQUITY + LIABILITIES
ASSETS – LIABILITIES = EQUITY
Formats of presentation
1,472 Words | 7 Pages
Balance Sheets - 543 Words
The balance sheet relates to an entity's financial position at a point in time, and the income statement relates to its activity over an interval of time. The balance sheet provides information about an organization's assets, liabilities, and owners' equity as of a particular date—namely, the last day of the accounting or fiscal period. The format of the balance sheet reflects the basic accounting equation: Assets equal equities. Assets are economic resources that are expected to provide future...
543 Words | 2 Pages
balance sheet - 370 Words
Manilalectric Company and Subsidiaries
Statement of Financial Position
As of Dec.31,2013
Common Size %
Utility plant and others
Investment in associates and joint ventures
Deferred tax assets- net
Other noncurrent assets- net
Total noncurrent Assets
Cash and cash...
370 Words | 7 Pages
balance sheet - 312 Words
The balance sheet, income statement and cash flow statement are closely related. Basically, a balance sheet describes a company's assets, liabilities and stockholder's equity in a specific period of time. An income statement mainly shows the net profits or loss of a company. The purpose of the income statement is to show stockholders and investors whether the company earned or lost money. A cash flow statement explains cash inflows and outflows. Each financial statement reveals a part of a...
312 Words | 1 Page
All Balance sheet Essays
Balance Sheet - 354 Words
December 31, 2011
Current Assets Current Liabilities
$ 2,100 Notes Payable
100 Accounts Payable
10,000 Wages Payable
Accounts Receivable - net
40,500 Interest Payable
31,000 Taxes Payable
3,800 Warranty Liability
1,500 Unearned Revenues
354 Words | 3 Pages
A balance sheet - 584 Words
A balance sheet is a financial statement that reports the assets, which are resources owned by a business, liabilities, and stockholders’ equity at a specific date. Examples of assets would be computers, delivery trucks, furniture, and buildings.
A balance sheet has two categories: Assets, liabilities, and stockholders’ equity. Liabilities are the debts and obligations of a business. Liabilities represent c claims of creditors on the assets of business. Examples of liabilities would be...
584 Words | 2 Pages
BALANCE SHEET - 4008 Words
AMITY UNIVERSITY, UTTAR PRADESH
AMITY BUSINESS SCHOOL
1) ZAIN UL ABDEEN/B-61
2) SUDIP MAZUMDAR/B-44
3) ASHISH MALIK/B-39
4) ANUJ DUBEY/B-55
DABUR INDIA LTD.
Dabur India Ltd is one of India’s leading FMCG Companies with Revenues of over Rs 6,146 Crore & Market Capitalization of US $5 Billion. Building on a legacy of quality and experience of over 127 years, Dabur is today India’s most trusted name and the...
4,008 Words | 35 Pages
The Balance Sheet - 640 Words
This paper will discuss a financial statement that reports the assets, liabilities, and owners equity on January1, 2012 called the balance sheet. The report the reader will see below is a current balance sheet for a company called Custom Building that I personally work with. Working one on one with the owner has offered quite a bit of experience in the accounting world. The reader will be able to view the balance sheet below, following the explanation of the balance sheet for...
640 Words | 3 Pages
Balance Sheet - 520 Words
Merck Consolidated Balance Sheet
| | | | |
€ million | -------------------------------------------------
Note | -------------------------------------------------
Dec. 31, 2012 | -------------------------------------------------
Dec. 31, 2011 | -------------------------------------------------
Jan. 1, 2011 |
1 | Previous year’s figures have been adjusted, see Note  |
Current assets | -------------------------------------------------
520 Words | 7 Pages
Balance Sheet - 1103 Words
A balance sheet, like a photo, provides a financial picture of a company on a given day and time. It categorizes all of a company’s resources as assets, all of its debts as liabilities, and all of the owner’s investments as equity. A company uses its assets, such as accounts receivable, inventory, and equipment, for manufacturing or purchasing products for sale or to provide a service. A company’s assets are financed by its liabilities (debt) and the owner’s equity (net worth).
On a balance...
1,103 Words | 4 Pages
Balance Sheet - 775 Words
Balance Sheet and Income Statement Commentary
Organizations need to keep a close eye on their finances. They need to know from where the money is coming and where it is going. A close look at the balance sheet and income statement will answer those questions. This paper will make statements about different organizations and their balance sheet and income statements.
Deswell Industries (DSWL
Deswell industries has been losing face value according to NASDAQ. In the balance sheet the amount of...
775 Words | 2 Pages
Balance Sheet - 812 Words
Week 1 Handin Assignment : Journal Entries
What are financial journal entries? Journal entries are transaction details that are captured on the day that the transaction is conducted in order to maintain accurate financial records. This is one of the basic accounting rules and it helps to ensure that all transactions are recorded as they occur and correct accounting information is maintained. Bragg, (2014) mentions some of the components that characterize a journal entry and mentions that it...
812 Words | 5 Pages
Balance Sheet - 791 Words
1. Q:Collect Balance Sheet of five different companies. Try to analyse it in your own words. Analysis can be in terms of change in profit, asset, liabilities. Etc
The First comapny we'll be looking at is Zynga. Let's jump right into it. Across the board, the Total Current Assets is less than the previous year, more more than other earlier years. This could indicate that the company may have liquidized some of their assests within the year.
Total Assests is greater than...
791 Words | 4 Pages
Balance Sheet and Proforma Cost Sheet
6. A proforma cost sheet of a company provides the following
Elements of Cost
Direct Labour 20%
The following further particulars are available:
(a). It is proposed to maintain a level of activity of 2,00,000 units.
(b).Selling price is Rs.12 per unit
(c) Raw materials are expected to remain in stores for an average
period of one month
(d) Materials will be in process, on averages half a month.
(e) Finished goods are required to be in stock...
355 Words | 2 Pages
Balance Sheet and Balances Profitability Ratios
1. Current Ratio
2. Quick Ratio
Cash and Cash Equivalents + Net Receivables
3. Days Cash on Hand (DCOH)
Unrestricted Cash and Cash Equivalents
Cash Operation Expenses ÷ No. of Days in Period (365)
4. Days Receivables
Net Credit Revenues ÷ No. of Days in Period (365)
5. Debt Service Coverage Ratio (DSCR)
Change in Unrestricted Net Assets (net income)
+ Interest, Depreciation,...
496 Words | 3 Pages
Balance Sheet and Points - 2520 Words
1. A NSF check should appear in which section of the bank reconciliation? (Points : 2)
Addition to the balance per books.
Deduction from the balance per bank.
Addition to the balance per bank.
Deduction from the balance per books. |
2. A consequence of separation of duties is that (Points : 2)
theft by employees becomes impossible.
operations become extremely inefficient because of constant training of employees.
more employees will...
2,520 Words | 12 Pages
Balance Sheet and Mr. Wiles
Miniscribe was founded in the 1980s when the personal computer was on the rise. It had great potential during this period and large growth capacity. During the first years the company grew fast and furious. By 1983 it has outgrown its ability to remain private and needed the public investment to continue to grow its operations and gain greater equity. In 1983 the company went public for $11.50 a share. As soon as it went public, new entrants into the market and the decline...
1,546 Words | 6 Pages
Riordan Balance Sheet - 259 Words
On the surface, Riordan Manufacturing's balance sheet reveals a profitable company with an excellent equity for its stockholders. However, an in-depth analysis reveals some possible concerns with its long term financial health. Over the past three years, Riordan has been relatively stagnant despite consistent investment in a joint venture in the People's Republic of China. In addition, the company continues to carry a significant long term debt without a noticeable attempt to lessen that...
259 Words | 1 Page
Balance Sheet Accounting - 340 Words
Critical Thinking Questions
4.2 Why is too much liquidity not a good thing?
Using too much liquidity could sometime indicate that the company is not using the money as the shareholders would expect too. The company’s manager may be holding on to the cash and investing in low purchased assets.
4.10 Why is it not enough for an analyst to look at just the short-term and long-term debt on a firm’s balance sheet?
It is not enough because...
340 Words | 2 Pages
Balance Sheet and High Country
Pacific Groove Spice Company is a company that sells a selection of food, spices, teas and coffees. Due to ever increasing awareness regarding diet and flavor in public, the company has experienced tremendous growth and is in constant need of funds. Debra Peterson, the CEO of the company, is evaluating different options to raise the funds required to invest in accounts receivable, inventory and fixed assets. Need for funds became more critical when the chief supplier of funds to the company, the...
573 Words | 2 Pages
Business: Balance Sheet and Cash
Assignment # 1
1. Jellybean Company reported equity of $32,000 on its December 31, 2014 balance sheet. The following information is available for the year ended December 31, 2015:
What are the total assets of Jellybean Company at December 31, 2015?
2. At the end of its first year of operations, Matlocke Company has total assets of $2,000,000...
1,140 Words | 10 Pages
Balance Sheet and Small Business
RATIO ANALYSIS FEATURING THE DUPONT METHOD:
AN OVERLOOKED TOPIC IN THE FINANCE MODULE OF
SMALL BUSINESS MANAGEMENT AND ENTREPRENEURSHIP COURSES
Thomas J. Liesz
University of Idaho
(208) 885-5447 (office)
Steven J. Maranville
University of Houston-Downtown
One Main Street
Houston, TX 77002-1001
Small Business Institute Journal
The authors wish to acknowledge the valuable comments of two SBIJ...
4,937 Words | 25 Pages
Balance Sheet and Financial Transactions
1. “Accounting is ingrained in our society and it is vital to our economic system.” Do you agree? Explain.
I agree because I think Accounting is part of our economic system specifically in business and we all know that in order to maintain the competitiveness of our economic system all over the world is to uplift the business society that’s why Accounting is vital to our economic system.
2. Identify and describe the steps in the accounting process.
1. Identifying the financial...
1,268 Words | 5 Pages
Balance Sheet and Cost - 1082 Words
E12-1 (Classification Issues—Intangibles) Presented below is a list of items that could be included in the intangible assets section of the balance sheet.
(a) Indicate which items on the list would generally be reported as intangible assets in the balance sheet.
(b) Indicate how, if at all, the items not reportable as intangible assets would be reported in the financial statements.
1. Investment in a subsidiary company.
3. Cost of...
1,082 Words | 4 Pages
Balance Sheet and Tax Basis
Week 5 Problem Solution Set
October 5th, 2012
Chapter 15, #83
a) Significant tax issues or concerns that may differ across entity types are:
* The business structure’s flexibility
* Protection of the liability
* The time and cost of organizing the entity
Significant non-tax issues or concerns that may differ across entity types are:
* Lowering of self-employment and FICA taxes
* Flexibility of special allocations
* Adding new owners
559 Words | 3 Pages
What Are Aasets and Balance Sheets
Assessment activity 4
A.In financial accounting, assets are economic resources. Anything tangible or intangible that is capable of being owned or controlled to produce value and that is held to have positive economic value is considered an asset. Simply stated, assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset).The balance sheet of a firm records the monetary value of the assets owned by the firm. It is money and other...
463 Words | 2 Pages
Partial Balance Sheet - 1399 Words
Installment sales; alternative recognition methods
( LO1 LO2
On June 1, 2006, the Luttman and Dowd Company sold inventory to the Ushman Corporation for $400,000. Terms of the sale called for a down payment of $100,000 and four annual installments of $75,000 due on each June 1, beginning June 1, 2007. Each installment also will include interest on the unpaid balance applying an appropriate interest rate. The inventory cost Foster $150,000. The company uses...
1,399 Words | 7 Pages
Balance Sheet and Net Income
Constructing a balance sheet of Sophie’s sofas:
Cash balances: $10,000
Inventory of sofas: $200,000
Store and property: $100,000
Accounts receivable: $22,000
Accts payable: $17,000
Long-term Debt: $170,000
Balance sheet of (insert name)
Assets Liabilities & Shareholders equity
cash $10,000 accounts payable $17,000
Accounts receivable $22,000 Long term debt $170,000
Inventory $200,000 Shareholders equity $145,000
Store and Property $100,000
925 Words | 4 Pages
Classification of Balance Sheet Accounts
Week 3 Assignment Homework
(Classification of Balance Sheet Accounts) Presented below are the captions of Nikos Company’s balance sheet.
1. Preferred stock. H
2. Goodwill. D
3. Salaries and wages payable. F
4. Accounts payable. F
5. Buildings. C
6. Equity investments (trading). A
7. Current portion of long-term debt. F
8. Premium on bonds payable. G
9. Allowance for doubtful accounts. A
10. Accounts receivable. A
11. Cash surrender value of life insurance. B
12. Notes payable...
586 Words | 11 Pages
Balance Sheet and Goodwill - 1450 Words
Goodwill is an intangible asset, probably the most intangible of all intangible assets, hard to measure and even more difficult to account for. Goodwill today constitutes a much larger part of acquisition prices than it did previously, resulting in a much greater impact on financial statements.
During the twentieth century the concept of goodwill has changed significantly. In the earlier days goodwill was thought of as the good and valuable relationships of a proprietor of a business with his...
1,450 Words | 4 Pages
Balance Sheet and Rate - 1099 Words
1．A firm has net working capital of $640. Long-term debt is $4,180, total assets are e $6,230, and fixed assets are $3,910. What is the amount of the total liabilities?
Current assets: 6230-3910=2320
Current liabilities: 6230-39102320-640=1680
Total liabilities: 1680+4180=5860
2. Kaylor Equipment Rental paid $75 in dividends and $511 in interest expense. The addition to retained earnings is $418 and net new equity is $500. The tax rate is 35 percent. Sales are $15,900 and depreciation...
1,099 Words | 4 Pages
Sample Balance Sheet - 2800 Words
SAMPLE BALANCE SHEET
Most accounting balance sheets classify a company's assets and liabilities into distinctive groupings such as Current Assets; Property, Plant, and Equipment; Current Liabilities; etc. These classifications make the balance sheet more useful. The following balance sheet example is a classified balance sheet.
Sample Balance Sheet:
December 31, 2010
ASSETS | | | LIABILITIES |
Current Assets | | | Current Liabilities | |
2,800 Words | 11 Pages
Balance Sheet and Fair Value
1. Which of the following is usually considered cash?
a. Certificate of deposit
b. Checking account
c. Money market saving certificate
d. Postulated Check
2. In preparing the August 31, 2011 bank reconciliation, Apex Company provided the ff. information
Balance per bank statement 1,805,000
Deposit in transit 325,000
Return of customer’s check for 60,000
Outstanding checks 275,000
Bank service change...
1,798 Words | 10 Pages
Accounting: Balance Sheet and Company
PRACTICAL ACCOUNTING 1
1. On January 1, 2012, Revenue Company sold specialized computers costing P760,000 to Income, Inc. for
P990,000. Revenue Company’s trainers present numerous training sessions for Income’s employee during the
installation period. Income made a 50% down payment, with the balance due upon completion of installation.
How much revenue should Revenue Company recognize on its books on January 1, 2012?
2. SAMpple Company is...
5,028 Words | 27 Pages
Balance Sheet and Cash - 1847 Words
2006 Summer ACCT102 L1 Quiz 2
NAME: STUDENT ID: Mark:
Multiple Choice Questions (10 marks):
1. On December 1, Martin Company signed a $5,000 3-month 6% note payable, with the principle plus interest due on March 1 of the following year. What amount of interest expense is accrued at December 31 on the note? ( B )
1,847 Words | 10 Pages
Balance Sheet and Net Income
DRAGON SOUP QUESTIONS – Professor Naughton Before our final class, please read the Dragon Soup case and analyze the associated Excel Sheet. Kerr had been given the task of valuing Dragon’s equity for a possible acquisition. He was told by his boss to assume a valuation of ten times sustainable earnings, plus the value of cash and marketable investments on the balance sheet. The Excel Sheet completes this calculation for you, based on inputs that are provided in the top portion of the...
576 Words | 2 Pages
The Balance Sheet and Financial Disclosures
Chapter 3 The Balance Sheet and Financial Disclosures
Questions for Review of Key Topics
The purpose of the balance sheet, also known as the statement of financial position, is to present the financial position of the company on a particular date. Unlike the income statement, which is a change statement that reports events occurring during a period of time, the balance sheet is a statement that presents an organized array of assets,...
7,463 Words | 51 Pages
Accounting Balance Sheet Analysis
Riordan Manufacturing, Inc. Balance Sheet Analysis Careful analysis was done of Riordan Manufacturing’s balance sheet. The balance sheet provides details into the company’s financial position. It is made up of the company’s assets, liabilities, and owners’ equity. Assets are the liquid items the company uses to help the business function. Assets also include current assets and non-current assets. The company’s financial obligations are rooted in the liabilities. The two categories of...
468 Words | 2 Pages
Balance Sheet and Cash Flows
Statement of Cash Flows
True / False Questions
Interest and dividends from investments held by a company are reported as cash inflows from investing activities on the statement of cash flows.
Under the indirect method, changes in current assets are used in determining cash flows from operating activities and changes in current liabilities are used in determining cash flows from financing activities.
Using the indirect method, the...
27,446 Words | 203 Pages
Balance Sheet: the Basics
Balance sheets: the basics
A balance sheet is a financial statement at a given point in time. It provides a snapshot summary of what a business owns or is owed.
It states what assets the business ownes and what it owes – liabilities, at a particular date.
The balance sheet is uded to show how the business is being funded and how those funds are being used.
The balance sheet is used in three ways:
• for reporting purposes (limited company's annual accounts)
8,141 Words | 38 Pages
Budgeting: Balance Sheet and Sales
TO THE STUDENT
Fantastic, Inc. is a case study which allows you to incorporate numerous financial and managerial accounting concepts into a single business setting. You will take the position of the company controller who will prepare the budget for the year ended December 31, 2006, using the actual data from 2001 through 2005 and information given to you by various departments. You will prepare a report for the president of the company describing the strengths...
2,789 Words | 14 Pages
Balance Sheet and Costs - 519 Words
To: Craig Anson
From: Jessica Terlaak
Subject: Costs to be included in inventory
Justin Anson Distillery, Inc. has been distilling whiskey since 1935, turning into a million dollar firm by 1960. This unique brand uses iron-free spring water used in the distillation process and fire-charred oak barrels used in the aging process. In 2010, production was determined to expand and a loan of $3.3 million is needed in order to continue with this expansion, yet a net...
519 Words | 2 Pages
Balance Sheet and Sales - 351 Words
Start with the partial model in the file Ch12 P10 Build a Model.xls on the textbook’s Web site, which contains the 2013 financial statements of Zieber Corporation. Forecast Zeiber's 2014 income statement and balance sheets. Use the following assumptions: (1) Sales grow by 6%. (2) The ratios of expenses to sales, depreciation to fixed assets, cash to sales, accounts...
351 Words | 3 Pages
Balance Sheet and Net Income
On January 4, 2010, Harley, Inc. acquired 40% of the outstanding common stock of Bike Co. for $2,400,000. This investment gave Harley the ability to exercise significant influence over Bike. Bike's assets on that date were recorded at $10,500,000 with liabilities of $4,500,000. There were no other differences between book and fair values. During 2010, Bike reported net income of $500,000. For 2011, Bike reported net income of $800,000. Dividends of $300,000 were paid in each of these two years....
1,268 Words | 6 Pages
Balance Sheet and Inventory Turnover
Suppose the Robinson Company had a cost of goods sold of $1,000,000 in 2010 and $1,200,000 in 2011. a. Calculate the inventory turnover for each year. Comment on your findings b. What would have been the amount of inventories in 2011 if the 2010 turnover ratio had been maintained?
a. inventory turnover for 2010 =COGS/Inventory = $1,000,000/350,000=2.857
inventory turnover for 2011 =COGS/Inventory = $1,200,000/500,000=2.4
b. $1,200,000 /inventory =2.857
Inventory in 2011 to maintain...
530 Words | 2 Pages
classified balance sheet - 180 Words
1. Alleg, Inc.
December 31, 2012
Cash And Cash Equivalents
Accounts Receivables, Net
Total Long Term Assets
Land and Buildings
Machinery and equipment
180 Words | 4 Pages
Financial Analysis of Balance Sheet
To: CFO Superior Living
From: Miranda Bergen, VP of Finance
Date: October 17, 2011
Subject: Financial Analysis of Balance Sheet
Good afternoon, I would like to thank you for taking the time to review my analysis of our balance sheet. As the vice president of finance it is my responsibility to analyze all financial documents and to maintain a close eye on our finances. I have been asked to analyze the balance sheet and explain my findings concerning the working capital,...
1,570 Words | 5 Pages
Vmware Balance Sheet - 449 Words
Vmware, Inc. (VMW) Balance Sheet - NASDAQ.com
Home > Quotes > VMW > Company Financials
VMW Company Financials
VMW $87.8 * 2.34
*Delayed - data as of Aug. 23, 2013
Cash Flow Financial Ratios
Get Quarterly Data 12/31/2012 12/31/2011 12/31/2010 12/31/2009
Annual Income Statement (values in 000's) Period Ending: Current Assets
Cash and Cash Equivalents Short-Term Investments Net Receivables Inventory Other Current Assets...
449 Words | 3 Pages
Balance Sheet and Accounting - 8374 Words
WHAT HAS THE INVISIBLE HAND ACHIEVED?
Ross L. Watts Sloan School Massachusetts Institute of Technology
January 27, 2006
_____________________________ This paper was presented at the Institute of Chartered Accountants in England & Wales Information for Better Capital Markets Conference in London on December 20, 2005. I am grateful to Ryan LaFond, Karthik Ramanna, Sugata Roychowdhury and Joseph Weber for their comments. All remaining errors are mine.
1. INTRODUCTION When I was invited...
8,374 Words | 27 Pages
Balance Sheet and Acquisition Date
The Reporting Entity and Consolidated Financial Statements
Almost every company in the world today prepares consolidated financial statement. Most of the worlds corporate are thought to be single companies, closer examinations reveals that each actually is composed of a number of separate companies. For Example-General Motors Corporation and Ford Motor Company both own dozens of other companies. The Walt Disney Company is famous for spectacular theme parks and immortal cartoon characters, but...
4,645 Words | 15 Pages
Balance Sheet and Sales Growth
BUS104 Managerial Accounting
2nd Term 2011 -2012
(Deadline for submission: 13 February, 2012, 5:30PM)
1. This assignment carries 2% of your total mark.
2. Copying answers from another student’s work is unethical.
3. If you feel that you need to make certain assumptions about the problem, state these assumptions clearly. Your assumptions will be acceptable if: a) they are reasonable in the context of accounting, b) they are entirely consistent with other...
685 Words | 5 Pages
The analysis and application of the balance sheet
The analysis and application of the balance sheet
Financial accounting is one of the most popular major in the world. In the study of accounting, people must know and use expertly the three accounting statement, balance sheets, cash flow, and income statement. It is the most basic and useful skill in one’s career of accounting. But in the four basic financial statement, the balance sheet or called statement of financial position is...
1,723 Words | 6 Pages
Balance Sheet and Net Income
1. Obligation of business that represents the claims of these against the assets of the less cash is called?
B. An expense (WA)
D. An equity
2. Net income results when
A. Assets > liability
B. Revenue = expenses
C. Revenue > expenses
D. Revenue < expenses
3. Resources owned by a business are referred to as
A. Stockholders equity
D. Revenue (WA)
4. Expenses are incurred...
3,982 Words | 24 Pages
Microsoft and Oracle's Balance Sheets
d (Million dollars) | Microsoft2012 | Oracle 2012 | Microsoft2011 | Oracle 2011 |
Current Assets | 85,084 | 74,918 | 40,023 | 39,174 |
Current Liabilities | 32,688 | 28,774 | 15,388 | 14,192 |
Net working capital | 52,396 | 46,144 | 24,635 | 24,982 |
Current Ratio | 260.29% | 260.37% | 260.09% | 276.03% |
Cash | 6,938 | 9,610 | 14,955 | 16,163 |
Short-term securities | 56,102 | 43,162 | 15,721 | 12,685 |
Account receivable | 15,780 | 14,987 | 6,377 | 6,628 |
Quick Ratio |...
331 Words | 1 Page
Balance Sheet and Annual Report
This report will analyse Greggs’ 2010 annual report on the purpose of evaluating the company’s current operating condition and providing suggestions of improvement to the company’s management team. According to ASB'S Statement of Principles for Financial Reporting, the selected information will be provided to the following users: shareholders, loan creditor group, analyst-adviser group, employees, customers, suppliers, government and the public. Then, based on the key ratio...
7,546 Words | 27 Pages
Balance Sheet and Discussion Paper
The Series of Discussion Papers
“Conceptual Framework of Financial Accounting”
Working Group on Fundamental Concepts
（Tentative translation: 28 Feb. 2005）
Issuance of the Series of Discussion Papers “Conceptual Framework of Financial Accounting”・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 1 Discussion Paper “Objectives of Financial Reporting” ・・・・・・・・・・・・・・・4 Discussion Paper “Qualitative Characteristics of Accounting Information” ・・・・・12 Discussion Paper...
15,627 Words | 51 Pages
Balance Sheet and Private Label
REV: MARCH 1, 2010
JOEL L. HEILPRIN
Hansson Private Label, Inc.:
Evaluating an Investment in Expansion
On a frigid Sunday night in late February 2008, Tucker Hansson pored over a proposal developed
by his firm’s manufacturing team. It called for investing $50 million to expand production capacity at
Hansson Private Label (Hansson or HPL). For Hansson, a private company, this would be a
significant investment. The company had not...
3,280 Words | 43 Pages
Balance Sheet and Blue Rhino
1. What is Blue Rhino’s business strategy?
How well was the strategy supported by information systems?
Blue Rhino’s business strategy is:
1. Increasing its relationships and customers by providing a more efficient and safer way for supplying its customers with propane cylinders. Instead of refilling the same cylinder over and over again, which is a waste of time and dangerous, Blue Rhino offers an approach for exchanging empty ones with ones that are already filled.
518 Words | 2 Pages
Components of a Balance Sheet - 589 Words
A balance sheet is a statement businesses produce that outlines their assets and liabilities. It is a snapshot of their fixed assets, current assets, current liabilities and long term liabilities for a specific moment in time such as the end of a financial year. Using these figures, a business is able to calculate their net working capital; how much the business is worth, whether it can afford to expand and if it is a good venture for investors.
There are different groups of people who are...
589 Words | 2 Pages
Consolidated Accounts Balance Sheet
Consolidated Accounts Balance Sheet
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Consolidated Accounts Balance Sheet
UNIT 3: CONSOLIDATED BALANCE SHEET
Definition of a Group
Under IAS 27 Consolidated and Separate Financial Statements, a group exists where one enterprise (the parent) controls, either directly or indirectly, another enterprise (the subsidiary). A group consists of a parent and its subsidiaries.
Definition of Control
Under IFRS 3 Business Combinations,...
345 Words | 3 Pages
Business Balance Sheet - 298 Words
The Business Balance Sheet completely outlines the company; it includes the breakdown of assets and liabilities. It then transfers that to the owner’s equity. It will show debts that need to be addressed, if sales or profits need to be increased and overall if the company is in good standing or not. I would use the return on owner’s equity financial ratio to interpret the data. Taking the income after taxes and dividing it by the owner’s equity. I would be aiming for a higher return.
298 Words | 1 Page
Balance Sheet and Net Income
Coca-Cola Financial Reporting
Jason Bajaj, Alex Demirjian, Patricia Perez, William "Kyle" Miller
September 6th, 2012
Coca-Cola Financial Reporting
* What are the company’s total assets at the end of its most recent annual reporting period? Why is this important?
* As of December 31, 2011 Coca-Cola possessed $79,974 million in assets.
* What are the total assets at the end of the previous annual reporting period?
* How much cash and cash...
571 Words | 2 Pages
Cango: Balance Sheet and Ratio
BUSN460 Individual Financial Analysis Project
Go to the CanGo intranet found in the Report Guide tab under Course Home
Use the financial statements from the most recent year to fill in the table below.
You may find some formulae calling for an average, e.g., average inventory, average receivables.
Because we only have the Balance sheet for one year, you can only use the one year number not an average.
572 Words | 2 Pages
Balance Sheet and Deferred Tax
From its origins in 1914 as a Western Australian farmers' cooperative, Wesfarmers has grown into one of Australia's largest listed companies. Headquartered in Western Australia, its diverse business operations covers supermarkets and department stores; home improvement and office supplies; coal mining; insurance; chemicals, energy and fertilisers; and industrial and safety products. Wesfarmers is one of Australia's largest employers and has a shareholder base of approximately 500, 000....
2,710 Words | 10 Pages
Changes in Balance Sheet Accounts
CHANGES IN BALANCE SHEET ACCOUNTS
The total assets of a firm and the claims on assets change over time because of investing and financing activities. For example, a firm may issue common stock for cash; acquire a building by mortgaging a portion of the purchase price, or issue common stock in exchange for convertible bonds. These investing and financing activities affect the amount and structure of a firm’s assets, liabilities, and shareholders’ equity. The total assets of a firm and the...
544 Words | 2 Pages
Golden Limited's Balance Sheet
Suggested time: 45 minutes
Maximum score: 120 points
Ending Inventory (December 31, 2007) $26,000
The following transactions took place during 2007:
The trial balance of Golden Limited as at 1 January 2007 is shown below:
-Be d Investments
[nt :re---st Receivable
-] ÿntory *...
1,887 Words | 25 Pages
Fsa Balance Sheet - 596 Words
FINANCIAL STATEMENT ANALYSIS ACC-504
Instructor: Dr. Kumail Rizvi
Kumail Rizvi, PhD, CFA, FRM
Grouping of the expenses
Grouping by Nature Grouping by Function
Kumail Rizvi, PhD, CFA, FRM
Multi-step format (GP Subtotal) Single-Step format (No GP subtotal)
Profit = Income – Expenses “Income is increases in economic benefits during the accounting period in the form of...
596 Words | 6 Pages
Balance Sheet and Primary Market
Team C Discussion Questions
Rodney Brooks, Sekou Clements Jamie Deering,
Jeffrey Harold, Eric Hughes, Kyle Leibe
August 12, 2012
Prof. Thomas Prince
Team C Discussion Questions
What is the capital market? How is the primary market different from the secondary market? In you opinion, are these markets efficient? Why?
The capital market is the part of the financial system concerned with raising capital by dealing in stocks, bonds, and other long term investments. A...
590 Words | 2 Pages
Balance Sheet Exercise - 298 Words
Balance Sheet Exercise 1
State which of the following items could appear on the balance sheet of a business as an asset. Explain your reasons:
1. Euro 10,000 owed by a customer who has gone into bankruptcy and has no assets.
2. The employment of a new sales director who doubled the wealth of the last business at which he worked.
3. The purchase of a publishing license from company B giving company A the right to sell and distribute books in England for the next 10 years....
298 Words | 1 Page
Balance Sheet and Correct Answer
1. Currently product Axe is charged $3,635,223 depreciation on the income statement of Andrews. Andrews plans to make investment that will increase this depreciation to take advantage of changes in the tax code. Will this?a. Decrease net cash from operations on the cash flow statementb. Increase net cash from operations on the cash flow statementc. Just impact the balance sheet.d. Have no impact on the net cash from operations as depreciation appears in both cash flow and...
806 Words | 4 Pages
Balance Sheet and Current Liabilities
Delta, Northwest, and United Airlines have all, at one time, filed for bankruptcy.
In a classified balance sheet, we categorize all liabilities as current.
A line of credit is an informal agreement that permits a company to borrow up to a prearranged limit
without having to follow formal loan procedures and paperwork.
We record interest expense in the period...
8,283 Words | 49 Pages
Balance Sheet and Net Income
Consider the following simplified financial statements for the Phillips Corporation (assuming no income taxes): |
Income Statement | Balance Sheet |
Sales | $17,000 | Assets | $13,127 | Debt | $7,541 |
Costs | 11,730 | | | Equity | 5,586 |
Net income | -------------------------------------------------
$5,270 | Total | -------------------------------------------------
$13,127 | Total | -------------------------------------------------
840 Words | 6 Pages
Balance Sheet and Value - 1704 Words
Learning Goal 6:
Explain the relationships among financial decisions, return, risk, and the firm's value.
Any action taken by the financial manager that increases risk will also increase the required return. True or False
In common stock valuation, any action taken by the financial manager that increases risk will cause an increase the required return. True or False
In common stock valuation, any action taken by the financial manager that increases risk will cause an...
1,704 Words | 8 Pages
Starbucks Off-Balance Sheet
-Starbucks Corporation and the use of “Off-Balance Sheet” Financing
Starbucks Corporation, founded in 1985 in Seattle, Washington, purchases, roasts and sells whole bean coffees at retail locations worldwide. Starbuck’s in-store products include brewed coffees, espresso beverages, blended beverages, complimentary food items, teas and brewing equipment. At the end of 2009, Starbucks operated through 7, 803 retail locations in 49 countries (Annual Report 4). In recent years, Starbucks’s...
847 Words | 3 Pages
Balance Sheet and Problem No.
Assignment No. 1
Problem No. – 1
From the following transactions find out which two accounted, types of Accounts, Debited/Credited & Reason for Debit or Credit.
1) Mehta started business with Rs. 8000.
2) Purchased goods for cash Rs. 2800.
3) Purchased furniture from Godrej Company Rs. 1000 for cash.
4) Sold goods to Babubhai on credit Rs. 700.
5) Paid for postage stamps purchased Rs. 30.
6) Sold goods to Nanabhai for cash Rs. 400.
4,997 Words | 25 Pages
Balance Sheet and Income Statement
Balance Sheet and Income Statement
June 4, 2011
Balance Sheet and Income Statement
The following four companies are related to the companies that have been in review over the last four weeks. These four following companies show how well the company has been doing over the last two years or not so well. The company has pulled their balance sheets and income statement to see if all the company’s financial needs are being met. If the company’s needs...
2,310 Words | 9 Pages
Accounting Documents: Balance Sheet
July 29, 2012
A balance sheet is used by accounting departments to show a company their financial position at the end of a specified date. It is often called a snapshot of a company’s financial position at a given moment. It gives the reader of the document a clear picture of all transactions that have been posted by that company as of a specific date. When accountants prepare a balance sheet they list the company’s assets at...
477 Words | 2 Pages
Balance Sheet and Marks - 614 Words
DBA 7101 MANAGEMENT CONCEPTS
1. Discuss the role of various approaches of management in management theory. Which approach, do you think, adequately clears the nature of management? ……………………………………………………………………………[10 marks]
2. “Decision making is the primary task of the management”. Discuss this statement and explain the process of decision making. [10 marks]
1. What are the...
614 Words | 8 Pages
Balance Sheet Profit Loss
Profit and loss accounts and balance sheet
By law companies are expected to produce financial statements each year. These statements appear in Company Reports. There are two main financial statements:
1. The profit and loss account, and
2. The balance sheet.
1.The profit and loss (P&L) account.
This account can be updated regularly and shows how much profit or loss a business is making. A profit can be made in several ways, for example:
* from trading, in the case of a High Street...
981 Words | 3 Pages
Balance Sheet and Car Wash
ACC1AMD Assignment- Part 2
The assignment is to be completed in groups of 3 and is due by 11.55pm on Sunday, 19th May 2013. Assignments are to be submitted online via the LMS. Each group need to submit only ONE combined answer. Graded assignments will be returned via the LMS and the marks will be recorded in your grade book. It will contribute to 10% of the total marks for this subject.
Shiny Car Wash Pty Ltd was opened on 1 February by Jack Ford. During the first month of operations of the...
495 Words | 11 Pages
Accounting Balance Sheet - 2093 Words
Question 2.4 Where would you put in a Balance Sheet of a business enterprise? (if you put it in at all): a) the house of the owner, where the office of the business works, b) the office building, owned by the business enterprise, c) the office rented by the business enterprise, d) a building, owned by the business enterprise, rented out to an other company, e) a digging machine at a mining company, f) a digging machine at a machine tool producer company, g) a loan the business got from private...
2,093 Words | 6 Pages
Balance Sheet and Accounting Standards
TUTORIAL DAY & TIME........………...................
TUTOR’S FULL NAME.........................................
Test 1 – Version 2
Session 2, 2012
INTERMEDIATE FINANCIAL ACCOUNTING
55 minutes plus 5 minutes reading time
Total No. of...
2,419 Words | 16 Pages
Balance Sheet and Labor Standard
1 . (a) What do you understand by the concept of conservatism ? Why is it also called the concept of prudence? Why is it not applied as strongly today as it used to be in the Past ?
(b) What is a Balance Sheet ? How does a Funds Flow Statement differ from a Balance Sheet ? Enumerate the items which are usually shown in a Balance Sheet and a Funds Flow Statement.
2 . (a) Discuss the importance of ratio analysis for inter-firm and intra-firm comparisons including circumstances responsible...
1,438 Words | 7 Pages
Balance Sheet and Profit - 6608 Words
Solved Ans. Accounts CA IPCC Nov. 2010
Attention C.A. Pcc & Ipcc Students
Ipcc_Nov.10 Solved Ans. Acc. Ipcc_Nov.10
Keep Watching our website* for further solution.
(No.1 Institute of Jharkhand)
C.A. CPT, PCC, IPCC & FINAL
Solved Ans Prepared by : C.A Arvind Kumar Jain and Team Members
(Disclaimer : Questions asked in the exam may have wrong/inadequate information and/or ambiguous language. In that case the answers provided by institute may differ...
6,608 Words | 24 Pages
Balance Sheet and Factory Overhead
Chrome-It, Inc., manufactures special chromed parts made to the order and specifications of the customer. It has two production departments, stamping and plating, and two service departments, power and maintenance. In any production department, the job in process is wholly completed before the next job is started. The company operates on a fiscal year, which ends September 30. Following is the post-closing trial balance as of September 30:
1. The balance of...
2,559 Words | 21 Pages
Balance Sheet and Net Sales
1. Table 3.3 shows the December 31, 2009 pro- forma balance sheet and income statements for R& E Supplies, Inc. The pro- forma balance sheet shows that R& E Supplies will need external funding from the bank of $ 1.4 million. However, they show $ 1.27 million in cash and short- term securities. Why are they going to the bank when they have most of the required amount in their cash account?
2. Pro forma financial statements, by definition, are predictions of a company’s financial...
1,984 Words | 9 Pages
Balance Sheet and Expenses - 2022 Words
Accounting Principles Questions for IT Students
(Second Semester – 2007/2008)
For each of the following questions, indicate the single best answer:
1. A basic assumption of accounting that requires activities of an entity be kept separate from the activities of its owner is referred to as the
a. stand alone concept.
b. monetary unit assumption.
c. economic entity assumption.
d. corporate form of ownership
2. All of the financial statements are for a period of time except the
2,022 Words | 12 Pages
Off Balance Sheet Accounting
Off balance sheet financing is financing from sources other than debt or equity offerings, such as joint ventures, research and development partnership and operating leases. For complex institutions such as banks, they increase their use of off shore subsidiaries and swap transactions to avoid disclosing liabilities. In other words, off balance sheet accounting is a process which a business creates what is practically a debt that it must pay off, but the debt is accounted as another type of...
1,169 Words | 4 Pages
Balance Sheet and Sylvan - 625 Words
QUESTION 1 (43 MARKS, 60 MINUTES)
Note: All numbers are in $000’s for ease of computation.
On January 1 2007, Pillar purchased 60% of the common shares of Sylvan for $4,500. On that date, Sylvan had common shares of $1,250 and retained earnings of $3,000. Fair values were equal to carrying values for all Sylvan’s net assets except inventory, capital assets and notes payable. The fair value of inventory was $60 more than book value, the book value of capital assets was $100 greater than fair...
625 Words | 5 Pages
Balance Sheet items - 2525 Words
Purposes of the Balance Sheet
1. A balance sheet, or statement of financial position, summarizes the financial position of a company at
a particular date by reporting the economic resources (assets), the economic obligations (liabilities), and
equity. It reports a company's resource structure (major classes and amounts of assets) and its financial
structure (major classes and amounts of liabilities and equity). It is a detailed explanation of the basic
accounting equation: Assets =...
2,525 Words | 33 Pages
Balance Sheet and Customer Segments
What is DLJdirect’s financial situation?
Exhibit 16 of the document showed DLJdirect’s income statement from 1994-1999 (in millions). Exhibit 17 showed DLJdirect key financial and operating performance. The revenue increased steadily from 1994 to 1997. The revenue increase $50 million in 1998 which is equivalent to 43% increase. In 1999 the revenue increased about $44 million. The income was stable prior to 1997 when the company experienced a loss and able to recovered the next year in 1998....
944 Words | 3 Pages
Balance Sheet and Income Statement
Individual Assignment: Balance Sheet and Income Statement Commentary
Publicly traded companies are entities that are allow for the offering of its registered securities. This allows them to become traded over a one stock exchange or over the counter market. This process allows for companies to gauge how much the company is truly worth compared to other companies in the same field or overall. This gives some inherent advantages over some of the privately traded ones such as being able to...
914 Words | 3 Pages
Balance Sheet and Cookie Creations
Continuing Cookie Chronicle
CCC1 Natalie Koebel spent much of her childhood learning the art of cookie-making from her grandmother. They passed many happy hours mastering every type of cookie imaginable and later creating new recipes that were both healthy and delicious. Now at the start of her second year in college, Natalie is investigating various possibilities for starting her own business as part of the requirements of the entrepreneurship program in which she is enrolled.
5,958 Words | 22 Pages
Balance Sheet and Sales - 4222 Words
MBA Financial Management and Markets
The following questions are designed to test your knowledge of the fundamental concepts of financial management structure [chapter 1], financial valuation [chapter 2], financial statements and tax planning [chapter 3], and short-term financial forecasting and financing [chapter 14]. Choose the best possible answer to the questions given. Each question is equally weighted. Papers are due 2/26/09 at the beginning of class. True/False...
4,222 Words | 13 Pages
Balance Sheet and Direct Labor
Problem 1-7A (75 minutes)
DE LEON COMPANY
For Year Ended December 31, 2013
Raw materials inventory, December 31, 2012
Raw materials purchases
Raw materials available for use
Less raw materials inventory, December 31, 2013
Direct materials used
Depreciation expense—Factory equipment
2,947 Words | 54 Pages
Balance Sheet and Cash - 348 Words
MEMORANDUM TO: The Stockholders of Chemalite, Inc
SUBJECT: 2003 Financial Performance of Chemalite, Inc
The attached report highlights the Corporation’s financial activities and results for the period ending December 31, 2003.
• For the six months ending December 31, 2003 Chemalite had sales of $754,500 with $69,500 uncollected at year end.
• Ended 2003 with a cash balance of $113,000
• Net income for 2003 $58,750
The following is an assessment of each of the...
348 Words | 2 Pages
Balance Sheet and External Users
Khalid Al Mulla
Presented below is the basic accounting equation (in thousands). Determine the missing
Assets = Liabilities + Equity
90,000 = 50,000 + 40,000
110,000 = 40,000 + 70,000
94,000 = 41,000 + 53,000
Indicate whether each of the following...
1,166 Words | 7 Pages