Essays Tagged: "Financial statement"

The historical cost accounting convention.

hat are Historical Costs?Historical cost is a generally accepted accounting principle requiring all financial statement items be based upon original cost. Historical cost means what it cost the compan ... hip'It is a widely held view that the prime objective of the preparation and publication of regular financial reporting is - so far as public limited companies are concerned - to provide a vehicle whe ...

(9 pages) 682 4 4.4 Apr/2003

Subjects: Businesss Research Papers > Accounting

Comment on the forecasts for the UK Public Finances as set out in the Red Book - the UK Government's Budget Statement

ns for the upcoming Spring Budget was published.In their formal form, the Budget papers include the Financial Statement and Budget Report (FSBR), published as a House of Commons (HC) Paper, and more c ... the Red Book due to the traditional colour of its cover. The FSBR is essentially an analysis of the financial strategy, including both recent and planned developments in the economy, as well as a summ ...

(13 pages) 84 0 5.0 Jan/2004

Subjects: Social Science Essays > Economics

Corporate Ethics

mployees. Marks and Spencer actually referred to 'ethical trading' in its Annual Review and Summary Financial Statement 1999. The company goes even further to provide audio tapes of its Annual Review ...

(4 pages) 567 0 4.7 May/2004

Subjects: Social Science Essays

Effects of China's Non-performing Loans On Banking Financial Statement and Financial Statistics

Effects of China's Non-performing LoansOn Banking Financial Statement and Financial Statistics1.0 Overview of NPL in China● NPL definitionAs a m ... n a contraction. At the end of 1997 NPLs accounted for 35 percent of the total outstanding loans of financial institutions as a whole . Foreign analysts estimate that the bad loan ratio of Chinese ban ... 4 due to the decline in real estate prices later.● Separation effortThe outbreak of the Asian financial crisis in 1997 prompted Chinese leaders to tackle the issue of NPLs of banks. From 1998-20 ...

(11 pages) 99 0 0.0 Jun/2004

Subjects: Social Science Essays > Economics

Conceptual Frameworks

The Accounting Standard Board (ASB) in UK aims to establish and to improve the Standard of Financial Accounting and Reporting for both the users and preparers of the financial statements. The ... rting for both the users and preparers of the financial statements. The Statement of Principles for Financial Reporting (SoP) plays a fundament role in standard setting and intended to set out an appr ...

(7 pages) 196 0 3.3 Jul/2004

Subjects: Businesss Research Papers > Accounting

Financial Analysis on China Eastern Airline Company

1. Executive SummaryThis China Eastern Airline Company's Financial analysis based on its financial report which were include the Balance sheet and Profit and ... lance sheet and Profit and lost Account of the Company in year 2000 and 2001 (Show at page @@@).The Financial Analysis was analyzed by using the types of financial analysis methods. It is includes:The ... ated the China Eastern Airline Company's finance Ratios for both year 2000 and 2001.The analysis of financial indicators of China Eastern Airline Company by from the Ratio calculation and at the same ...

(21 pages) 168 0 4.0 Nov/2004

Subjects: Businesss Research Papers > Case Studies

Financial performance of Scottish power

The main objective of the financial statement is to true, relevant and timely information to all its audience. It also reflect ... ly information to all its audience. It also reflects the effects of economic events on the business.Financial statement reporting, business events are categorized into three types: financing, investin ... siness invests in assets for conducting business operations.Periodically, owners and creditors want financial information about the business. Creditors may call for information less frequently to eval ...

(1 pages) 415 0 0.0 Apr/2005

Subjects: Businesss Research Papers

Analysis of Wal-Mart Financial Statement for Year Ended January 31, 2004

Analysis of Wal-Mart Financial Statement for Year Ended January 31, 2004The consolidated financial statements include the ... improper use and that Wal-Mart's accounting records provide a reliable basis for the preparation of financial statements. They continually review, improve and modify their systems and programs in resp ... sclosure controls provides reasonable assurance that Wal-Mart's assets are safeguarded and that the financial information disclose is reliable.Wal-Mart considers investments with a maturity of three m ...

(2 pages) 170 0 2.0 Apr/2005

Subjects: Businesss Research Papers > Accounting

Leslie Fay case

Leslie Fay Case1. After reviewing the common size financial statements and the key ratios of Leslie Fay, there some of the financial statement item th ... y higher than the industry norm.5). Liability account: A/P and debt, to see if understated.2. Other financial info that the auditor might have obtained:1). The contract or agreement of Leslie Fay and ... umentation with its customer regarding its orders3). Its credit and bad debt write-off policy3. Non-financial factors the auditor should consider:1). The industry2). Impact of economy on this particul ...

(4 pages) 137 0 1.0 Jul/2005

Subjects: Businesss Research Papers > Case Studies

The Cellar Door Restaurant: Financial Statement Analysis.

I. Executive SummaryBy analyzing three years' financial statement of Cellar Door Restaurant Pty Ltd. including Balance sheets, income statements a ... staurant Pty Ltd. including Balance sheets, income statements and cash flow to evaluate the company financial status. To avoid subjective point of view, this essay will respectively evaluate the compa ... management based and trade creditor based using the Trend Analysis, Vertical analysis and important financial ratios.II . IntroductionTo better understand the business condition of Cellar Door Restaur ...

(6 pages) 170 0 3.0 Dec/2005

Subjects: Businesss Research Papers > Accounting

Business Essay

RED3.1 OTHER SERVICES4.0 STAFFING4.1 MANAGEMENT SUMMARY5.0 RENT FOR THE SHOP5.1 SALARY STRUCTURE6.0 FINANCIAL STATEMENT6.1 TRADING AND PROFIT & LOSS ACCOUNT6.2 BALANCE SHEET6.3 CASH FLOW STATEMENT ...

(7 pages) 194 0 4.1 Sep/2006

Subjects: Businesss Research Papers > Case Studies

Income Statements

e and expenses when expenses are greater then revenue.The Income StatementThe income statement is a financial statement that presents the revenue, expenses, and net income/loss for a specific period o ... ncome/loss for a specific period of time.The accounting period is the period of time covered by the financial statements.There are 4 steps in preparing an income statement.1) Prepare Statement Heading ...

(1 pages) 192 0 4.8 Dec/2006

Subjects: Businesss Research Papers > Accounting

Memo about JEI's issues to its partner

e: September 15, 2005Subject: JerRae Engineering Inc.GeneralAfter reviewing JEI's issues related to financial statement information, the memo will be divided into four accounting areas:In the financia ... come of the Bonito Dam project.The memo will also discuss some ethics issues related to the project.Financial Accounting IssueDesign contractJEI could earn CAN$46.82 million (see appendix 1). World Ba ...

(8 pages) 79 0 3.4 Feb/2007

Subjects: Businesss Research Papers > Case Studies

Fundamentals of Financial Statement

Fundamentals of Financial StatementStarting a business requires much time, commitment and patience. The ultimate goa ... uch time, commitment and patience. The ultimate goal of most businesses is to be professionally and financially successful. In order to show the progress of the business operations, meticulous financi ... nvolved in making decisions and judgment. According to the University of Phoenix 2006, "An entity's financial statements are the end product of a process that starts with transactions between the enti ...

(3 pages) 253 0 1.7 Mar/2007

Subjects: Businesss Research Papers > Accounting

UNDER FINANCIAL STATEMENT

ASSIGNMENT Question 1 The companies' act specifies that the financial statement must show a TRUE AND FAIR VIEW. Explain the concept of TRUE AND FAIR VIEW Inform ... s legislation. For the first time emphasis was placed on the importance of providing information in financial reports to assist in investment decisions. Amongst the major provision of the Act were: th ... f information which should be disclosed: and most importantly of subsequent developments in company financial reporting, the requirement the auditors report whether financial statements presents a "Tr ...

(21 pages) 87 0 0.0 Aug/2001

Subjects: Businesss Research Papers

Economics in a Global Environment

As a manager of a financial planning business you have two financial planners, Phil and Francis. In an hour, Phil can ... produce either one financial statement or answer 8 phone calls, while Francis can either produce 2 financial statements or answer 10 phone calls. Does either person have an absolute advantage in prod ... ialize? Be sure to show your work.In this example it is clear that in either scenario each of these financial planners can indeed produce both a financial statement as well as answer calls. In the cas ...

(2 pages) 64 0 5.0 Jun/2007

Subjects: Social Science Essays > Economics

Telephone and Data Systems, Inc. Financial Essay

hrough its business units U.S. Cellular and TDS Telecom. The annual report of TDS contains detailed financial and business information required by law. The annual report of a company provides very imp ... pendent accounting firms.The purpose of the accountant's reports is to express an opinion about the financial statements. Reliable financial information is an essential element in making business deci ...

(9 pages) 49 0 4.3 Sep/2007

Subjects: Businesss Research Papers > Accounting

Financial statement paper

Reviewing financial statements to view a companies standing in the economy is necessary to ensure that the com ... w a companies standing in the economy is necessary to ensure that the company is pulling its weight financially. A company has to be able to support its operations and customer base or it will go bank ... e to support its operations and customer base or it will go bankrupt. A good company can handle all financial output and incoming assets. Landry's can also balance their assets with their liabilities ...

(5 pages) 986 0 4.5 Oct/2007

Subjects: Businesss Research Papers > Accounting

The Balance Scorecard at three different companies: Hyde Park Electronic, Futura Industries and Southern Garden Citurs.

The success of any company large or small is not only defined by its financial statement, but they are also defined by their customers and employees. Are their customers ... he business scorecard is a tool for measuring an organizations performance using four perspectives: Financial, Customer, Business Process, and Learning and Growth. Each perspective is an integral part ... ll directly effect customer satisfaction, which in return will affect the internal business and the financial perspective. There is a link in satisfied employees to satisfied consumer. Ensuring the ne ...

(4 pages) 194 0 2.5 Oct/2007

Subjects: Businesss Research Papers > Case Studies

Opportunity Cost

As a manager of a financial planning business you have two financial planners, Phil and Francis. In an hour, Phil can ... produce either one financial statement or answer 8 phone calls, while Francis can either produce 4 financial statements or answer 10 phone calls. Does either person have an absolute advantage in prod ... es) or specialize? Be sure to show your work.In this assignment, I will establish whether or not my financial planners Francis and Phil should be specialized or self sufficient. I will also discuss th ...

(2 pages) 141 0 3.0 Nov/2007

Subjects: Social Science Essays > Economics