Essays Tagged: "assets liabilities"

Becoming A Certified Public Accountant: Aspirations of Numbers

king a financial record of business transaction and in the preparation of statements concerning the assets, liabilities, and operating results of a business. A career in the profession of a Certified ...

(2 pages) 63 0 3.5 Mar/2004

Subjects: Businesss Research Papers > Accounting

State and Local Government

ounted for through several separate fund and account group entities, each accounting for designated assets, liabilities, and equity or other balances. Thus, from an accounting and financial management ... nd account groups.Each fund must be accounted for as a separate self-balancing set of accounts with assets, liabilities, equity, revenues, expenditures or expenses (as appropriate), and transfers. The ...

(5 pages) 128 0 1.5 Nov/2004

Subjects: Businesss Research Papers > Accounting

Business studies

0 - 200 000 X 10050 000= 60:1v) Net Profit Ratio = $ 50 000 X 100500 000= 10:1vi) Return on Assets = $ 50 000100 000= 50:1[B]i) Balance Sheet - See Over Pageii)iii)[C]i) Acco ... Balance Sheet - See Over Pageii)iii)[C]i) Accounting Equation is Owners Equity = Assets - Liabilities$11 090m = $26470m - $15391mii) Total assets have increased overall by $ ...

(1 pages) 448 4 1.8 Mar/2005

Subjects: Businesss Research Papers > Accounting

Financial english.

ounts - one on accounts debit and other on credit side. This assures, that the accounting equation (Assets = Liabilities) balances after each transaction. Transactions are first recorded in the journa ... accounts receivableIncrease in prepaid expensesDecrease in accrued liabilitiesGain on sale of fixed assetsIncrease (decrease) in cash from operating activitiesCash flows in investing activities show p ...

(2 pages) 70 1 1.7 Oct/2005

Subjects: Businesss Research Papers > Accounting

A company symbol or logo was developed by a consultant at a cost of $250,000. How should this transaction be recorded and reported?

I would like to briefly describe the five accounting elements. The five accounting elements include assets, liabilities, equity, income and expenses. According to Hogget, Edwards, Medlin (2006, p.486) ... esent obligation of the entity arising from past events, three equity is a residual interest in the assets of the entity after deducting all its liabilities, four income increases the economic benefit ...

(3 pages) 39 0 3.0 Apr/2006

Subjects: Businesss Research Papers > Accounting

Fund Balance Essay

an accounting entity with a self-balancing set of accounts. These accounts are set up for recording assets, liabilities, fund balance, and changes to the fund balance. There are several major funds th ... the facility it is generating revenue with the help from the public.Fiduciary funds account for the assets that are held in a trustee capacity for external parties. All fiduciary funds use the economi ...

(2 pages) 41 0 0.0 Mar/2007

Subjects: Businesss Research Papers > Accounting

Dell Corporation - Case Study

ing a financial record of business transactions and in the preparation of statements concerning the assets, liabilities, and operating results of a business. When I envision an accountant I cannot hel ... ead of the finance department that runs all the reports, puts all the numbers in, takes care of the assets, liabilities, payroll, and taxes. The managerial accountant goes one step beyond by using the ...

(5 pages) 157 0 4.5 Mar/2007

Subjects: Businesss Research Papers > Case Studies > Computer and Electronics Companies

Creating a Bankruptcy Plan Simulation: Cardew Printing

ings (U.S. Bankruptcy Courts, 2006).I choose Chapter 11 for Cardew after looking at key indicators, assets/liabilities, industry, and projected cash flow. Cardew's high net receivables covered 30% of ... everything. The user had to decide what chapter of bankruptcy to file while trying to retain major assets such and a home and car. Failed business ventures are very common reasons for individual bank ...

(3 pages) 72 0 3.0 Jun/2007

Subjects: Businesss Research Papers > Case Studies

Financial Statements

ned from the various business transactions that the business recorded. Thus, transactions involving assets, liabilities, permanent and temporary capital becomes the data used in the preparation of the ... ange in investment, the recognition of net income of loss, the recognition of owner's withdrawal of assets usually in anticipation of profits, all have an effect on the owner's account at the end of t ...

(3 pages) 292 1 4.0 Dec/2007

Subjects: Businesss Research Papers > Accounting

Accounting questions and answers

n both the short and long term. These statements include:The Balance sheet: a report on a company's assets, liabilities and net equity as of a given point in time. As at 30 April 20x7Income statement: ... ement and why would a business do it?Expenses are decreases in owner's equity that occur from using assets or increasing liabilities to deliver goods or services to customers. Expenses are the cost of ...

(13 pages) 179 0 0.0 Apr/2008

Subjects: Businesss Research Papers > Accounting

Financial Statements Paper

zes the changes in retained earnings for the specific period of time. The balance sheet reports the assets, liabilities and stockholder's equity of the business. The statement of cash flow summarizes ...

(3 pages) 348 0 3.0 May/2008

Subjects: Businesss Research Papers > Accounting

Analysis of Financial Statements

llowing definitions for the four primary financial statements:The Balance Sheet reports a company's assets, liabilities, and owners' equity at a particular date.The Income Statement reports the amount ... g information was given, based on their financials statements:The Balance Sheet, showed the Current Assets, such as cash and cash equivalents, short-term investments, accounts receivable, inventories, ...

(9 pages) 110 0 3.0 Jun/2008

Subjects: Businesss Research Papers

Liability and Stockholders Equity

tockholders' equityA company's common stock equity as it appears on a balance sheet, equal to total assets minus liabilities, preferred stock, and intangible assets such as goodwill. This is how much ... stock, and intangible assets such as goodwill. This is how much the company would have left over in assets if it went out of business immediately. Since companies are usually expected to grow and gene ...

(6 pages) 76 0 4.6 Jul/2008

Subjects: Businesss Research Papers > Accounting

Hardware and Software

yclesOne source of information to be shared would be the balance sheet. It highlights the company's assets, liabilities, and stockholders equity. Another source of information to share is the income s ...

(5 pages) 104 0 0.0 Jul/2008

Subjects: Businesss Research Papers > Accounting

Goodwill Impairment

willUnder SFAS141 the excess of acquire's interest in the net fair value of acquiree's identifiable assets, liabilities and contigngent liabilities over cost is accounted for by reducing the carrying ... ent liabilities over cost is accounted for by reducing the carrying amounts of certain non-monetary assets and liabilities proportinatedly having completed this exercise any remaining discount is take ...

(6 pages) 60 0 0.0 Oct/2008

Subjects: Businesss Research Papers > Accounting

Control Mechanisms: Microsoft

The second mechanism is financial control. Microsoft uses a balance sheet to keep control of their assets, liabilities and stockholders' equity, and also uses a profit and loss statement in order to ... ith these control mechanism Microsoft has managed their way to success by controlling their budget, assets, market and performance.Comparing actual results with projected or budgeted results, gives Mi ...

(6 pages) 154 0 5.0 Nov/2008

Subjects: Businesss Research Papers > Management

Accounting Reporting Criteria Paper

uires management to make judgments, assumptions, and estimates which affect the reported amounts of assets, liabilities, net revenue and expenses, and the disclosure of assets and liabilities. These p ... ied. According to the reading it states that "internal controls are designed to safeguard corporate assets, ensure compliance with applicable laws and regulations, and promote accurate financial repor ...

(3 pages) 248 0 5.0 Nov/2008

Subjects: Businesss Research Papers > Accounting

Key Financial Relationships: FedEx and UPS

flows to the balance sheet as a component of retained earnings. The balance sheet shows the company assets, liabilities and stockholders equity. Each company has assets that can either be sold or used ... cash-out flows are shown, such as loan payments, reduction in account payable and purchase of fixed assets. The changes on the balance sheet, assets and liabilities, reflect the expenses and revenue o ...

(4 pages) 215 0 4.5 Jan/2009

Subjects: Businesss Research Papers > Accounting

Examining Financial Statements Paper

$45,901,054. We found this income statement to be most helpful as it contains a summary of all the assets, liabilities and income for the year. The financial statement contains the revenue meaning, c ... most information overall without having to wait for revisions or other calculations.Landry's total assets can be found on the balance sheet. The balance sheet provides a quick snapshot of a company's ...

(4 pages) 134 0 3.0 May/2009

Subjects: Businesss Research Papers > Accounting

Financial Statement Paper

t is very simple; it allows managers, investors, creditors, and employees to view the organizations assets, liabilities, and stockholder's equity. The asset portion of the balance sheet illustrates th ... n the business by stockholder's and past earnings not distributed to stockholders. Interpreting the assets, liabilities, and stockholder's equity on the balance sheet assets are important for creditor ...

(3 pages) 110 0 0.0 Jun/2009

Subjects: Businesss Research Papers > Accounting