...Financial Statements Paper Teya Crawford ACC/280 Nov, 7 2011 Pamela Zanzucchi Financial Statements Paper Accounting is part of an organization that enables companies to analyze, record, and retrieve critical financial information that is used to determine a company's financial status. The purpose of accounting is to assist people with understanding the financial status of an organization and to provide the financial reports and insights needed to make sound decisions. It is important to effectively communicate this information in order for the business to be successful. There are four financial statements that are used to record information. They include: Income Statement, Balance Sheet, Retained Earnings Statement or Shareholders Equity Statement, and Statement of Cash Flows. Financial Statements Financial statements are reports that reveal where the money is stores, where it is taken from, where it goes, and where it is now. The four statements mentioned earlier: Balance Sheets, Income Statements, Cash Flow Statements, and Statements of Shareholder’s Equity, will be found in the Security and Exchange Commission (SEC) as a public record, if the organization is public. Private businesses will send those reports to stockholders such as owners and lenders of that business. The purpose of the Financial Statements is to give the people information about a company’s financial position and performance. They need to be relevant, reliable, understandable, and comparable...
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...want to be one of those people. To broaden my knowledge of different areas of finance, I have read a number of different books on the subject - from "How the City of London Works" to "Rich Dad Poor Dad". I am also a regular reader of the Economist magazine. I believe that reading such books and magazines has given me insight into topics not covered at school, for example how Japanese management in Chinese factories caused unrest among the workforce due to the Chinese workers' dislike of the Japanese management style, and how this affected the share price of companies such as Honda. Reading about such things has made me realise how the subject of Finance and the economy affects everybody's lives, and has strengthened my desire to further study the subject. The A-level subjects I am studying give me a firm foundation for studying Finance at University. Business Studies at A-level has greatly improved my analytical and writing skills. I have particularly enjoyed the part of the course which concerns how a firm selects financial strategies and how managers choose which aspect of a firm needs the most investment. German has improved my communication skills and self-confidence and has also made me more appreciative and open to other cultures. Alongside the logical method of thinking that I have developed from Mathematics at A-level, I believe that I am well prepared to take on a degree course in Finance at University. My part-time job as a receptionist at a sports and leisure club...
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...The Northeast Health Council, INC was established in 1993 to meet the primary healthcare needs of the residents of the Northeast through a not-for-profit community-responsible approach. A nonprofit analysis helps nonprofit executives and board members understand their organization’s underlying fiscal health and readiness for change and growth. The analysis is a critical tool for Northeast Health Council planning for program expansion, organizational restructuring and/or realignment, financial and fundraising challenges, new executive and board leadership, a new capital project, or acquisition or merger with another nonprofit organization (such as the local health clinic). The Northeast Health Council’s analysis helps its executives and board members to understand the underlying financial trends and characteristics of their organization, including revenue composition and growth, expense composition and trends, balance sheet composition, and key ratios. It helps to assess the alignment of the organization’s current financial structure with change; predict the impact of proposed changes on the organization’s future growth, sustainability, and survival; Use financial planning and management tools, such as annual/monthly cash flow projections, budgets of revenue and expenditures versus actual reports, to inform strategic decision making; establish benchmarks for program productivity, financial performance and organization-wide fiscal health. Additionally, the analysis is a powerful...
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...Tim’s Coffee Shoppe: Vision statement and Mission Statement Sherry Henryhand Kaplan University AB299: Associate Capstone Management Paul Biersack August 10, 2013 The difference between the vision statement and the mission statement is pretty much clear. The vision statement basically describes the organization as it would appear in the future successful state. So if the organization was to provide all of the strategic goals for the business and what they are trying to achieve in the next 10 years (SHRM: Society for Human Resource Management, Leading People, and Leasing Organization. Mission & Vision Statements: What is the difference between mission, vision and value statements? Retrieved, 2013). The mission statement basically explains the company’s or the (department’s) reason to existence. Mainly they describe the company or the (department), in what it mainly does and very much likely its overall of intention. Basically this mission statement mainly supports the vision and it also serves to pretty much communicate in purpose and also give directions to employees, customers, vendors, and mainly stakeholders on top of that (SHRM: Society for Human Resource Management, Leading People, and Leasing Organization. Mission & Vision Statements: What is the difference between mission, vision and value statements? Retrieved, 2013). So very much likely this mission can basically change to mainly reflect on a company’s or the (department’s) priorities and also the...
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...business so that you and your employees know what the goals of the company are. Starting a business blind, with no plan, ideals, goals, or foresight can almost guarantee the business will fail. Peter Drucker stated there are four main strategies and implemented them in his life. • “Being fustest with the mostest” – creating something new and different. • “Hitting them where they ain’t” – use another’s idea and improve it. • “Finding and occupying a specialized ‘ecological niche’- specialize in a product or knowledge no other company has. • “Changing the economic characteristics of a product” – create new customers for an existing market. (Drucker, 1985) 2. Create a mission statement for the company explaining how the mission will be essential to the company’s success. The purpose of a mission statement is to...
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... SID 5430444 Mission Statement My mission is to help those who are in need and inspire people around me with my capabilities as a health professional and a holistic person. By participating in various community service opportunities and expanding my horizons through various coursework, I will be a proficient dentist and a well-rounded person. Vision Statement Attending the University of Minnesota School of Dentistry has given me the opportunity to strengthen my academic background as well as the ability to manage my time more efficiently. Juggling school work, lab work, community service, and clinical work during the next 4 years, I will be able to become an individual who can thrive even in stressful work environment. Core...
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...CSLO One: Apply the concepts, analytical techniques, and conventions of basic accounting in both the academic and practice environments. 1a. Describe THOUGHTFULLY why it is important to understand the application of concepts, analytical techniques, and conventions of basic accounting in both the academic and practice environments. (At least one paragraph.) Analytical techniques, and conventions of basic accounting In the accountants, no matter whether in public places exercise or perhaps business, expend time and effort and effort performing analysis with regards to clients. They must come to a decision tips on how to implement completely new information technology or perhaps auditing criteria, tips on how to provide abnormal monetary deals in the economic claims, and exactly how completely new levy legal guidelines influence their clients or perhaps companies. exactly how nicely recent auditing strategies perform and tips on how to improve these individuals; exactly how levy legal guidelines affect companies’ planning and information technology display; exactly how managerial information technology methods guide firms improve their by using the accessible information; exactly how information technology information impacts campaign and career within firms. therefore with the help of essential information technology knowledge there are the publicity to your school and also we could additionally find sensible understanding of exactly how financial is performed and also...
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...relationships in order to capture value from customers in return (page 33). Companies use marketing to skills to maintain connections within the company to every customer. This can also be related to the mission statement. A mission statement of a company is a statement of purpose, which acts as a ‘hand’ to guide people in the organization. Mission statements shouldn’t tell what is done at the facility, yet what will be done better than the next. For example, a product-oriented mission would be, “We buy and sell phones.” However, a market-oriented mission would be, “Connecting the world, one day at a time.” Many companies attempt to maintain one steady mission statement, whether market or product. The most effective mission statements are powerful, yet meaningful. A company’s mission should not be stated to make more sales or profit, yet the customer’s needs and experience. McDonald’s mission isn’t, “to be the world’s best fast food restaurant ever. Many companies tend to have the slogan, “The customer is always right”. This is very important for each department of the company to understand because everyone is affected by the consumers similar to that of a domino effect. For example, if the marketing department slacks, it causes the profits to be low which will cut the finances that also makes the budget low that may cause pay-cuts as well. If there are pay cuts, people will be laid off. If the company doesn’t have enough money to interest the costumers, they will not gain enough...
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...Section I: Goals and Responsibilities Step 1 - Mission Statement of the Credit Function Definition The mission statement is the statement of purpose. What is your department trying to accomplish? The mission is not a statement of your goals. Your goals are put into place to support the mission. The mission statement describes in what ways you are supporting or interacting in the overall company's mission. It defines your role in the unified vision. Illustration A Company with high margins and an aggressive sales growth target may have a mission statement like this: The mission of the Gorman Inc. credit department is to facilitate an annualized 20% growth in top line performance by assisting in the sales process. The credit department's role is to develop strong customer relationships by granting aggressive but appropriate credit limits and terms, easing the establishment of new accounts by processing applications quickly while protecting the margins by managing risk of loss represented by fraud, failure or severe delinquency Developing a Mission Statement Before a mission statement can be adequately defined, a general understanding of the environment or market in which your company operates must be obtained. In developing the mission statement, there needs to be a basic understanding of the following: A) B) C) D) E) F) Nature of the Marketplace Competition Location of your Customers Growth Plans Margins Internal Company Structure Exploring these areas will ensure...
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...transactions in financial instruments whose price is directly ... Nestle Financial analyst profiles | LinkedIn www.linkedin.com/title/financial+analyst/at-nestle/ Financial analysts at Nestle are on LinkedIn. ... Summary: Senior Finance Manager | Financial Controller and member of Top Level Finance Management Team ... Nestle Financial Overall Company Size: Related Documents www.technologyevaluation.com/.../nestle-financial-overall-company-size... Featured Documents related to » nestle financial overall company size. ad. Get Free ... Throw Away Your Financial Statements: Managing by Metrics Analyzing ... [PDF] James Singh: Leading Nestlé's House of Finance - IMA www.imanet.org/PDFs/Public/SF/.../09_2011_sjoblom_kim_revised.pdf Sep 9, 2011 - fessor of financial management at IMD, for Strategic Finance about the organization of finance at Nestlé, the changing role of the CFO, his. Contemporary Financial Management - Page xii - Google Books Result books.google.com.lb/books?isbn=1133421547 R. Charles Moyer, James McGuigan, Ramesh Rao - 2011 - Business & Economics Other Financial Risk Measures 514 EBIT-EPS Analysis 515 Cash Insolvency ... 524 International Issues: Balancing Operating and Financial I-i'isks at Nestle 526 ... The European Financial Review » Management New » Nestlé ... www.europeanfinancialreview.com/?p=6281 Feb 20, 2013 - By Bettina Büchel & Christopher...
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...The subject of finance in reference to the global perspective has changed through the years in response to a growing economy. The way our economy does business today is different from years ago when corporations were all industrial and had main concerns with mergers and acquisitions. Eventually finance began to center around being able to retain capital in regards to liquidity and how to help corporations from financial trouble, due to the Great Depression of the 1930s. This later lead to a more analytical approach in the finance field, when companies began to purchase long term assets, organize their debts and equities, and manage cash and inventory. As corporations grew and experienced loss, business owners and managers of these corporations realized they had to look into aspects of accounting in order to control their finances. Today finance works with accounting because finance managers need to be able to understand the risks that a company may face. Financial managers in corporations have a lot more to focus on as opposed to small business owners when it comes to the company’s finances. For example, a corporation has shareholders, CEOs, and other hierarchal levels of people within the company that need to be aware of what is going on financially within the business. They need to be given reports and statements so that the appropriate departments can make educated decisions on what to purchase, how to purchase, how to retain capital, etc. Finance managers in a corporation...
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...U05A1 Atha Executive Plan Human Resource Functional Area Accounting and Finance Functional Area Debra Marzett Instructor: Crystal Neumann Spring Quarter 2013 BUS3011 May 10, 2013 CONTENTS Executive Summary 4 Purpose Statement 5 Human Resource 5 Accounting and Finance 5 Goals and Activities 6 Human Resource 6 Accounting and Finance 7 Organizational Structure 8 Human Resource 8 Accounting and Finance: 9 Interview Questions 10 Human Resource Generalist 10 Accounting and Finance Analyst 11 Performance Standards 12 Human Resource 12 Accounting and Finance 13 Conclusion 14 References 15 Appendix I 16 a. Strategic Alignment Worksheet: Human Resource 16 1.0 Goals and Activities: 16 2.0 Interview Questions: 17 3.0 Purpose Statement: 18 4.0 Performance Standards: 18 b. Strategic Alignment Worksheet: Accounting and Finance 19 1.0 Goals and Activities 19 2.0 Interview Questions: 20 3.0 Purpose Statement: 20 4.0 Performance Standards: 20 Appendix II 22 a. Human Resource Organizational Chart: 22 b. Accounting and Finance Organizational Chart 23 Executive Summary The project is an executive plan prepare for Atha Corporation owner Mary Atha whose goal is to double the company’s sales in the next year. There is an overview of the Human Resource, Accounting, and Finance functional areas purpose statement and how each promotes trust, motivates, and supports collaboration. Incorporated in the plan is the evaluation of how the purpose, relevance, planning, decision-making and organizing influences...
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...concern over the war in Afghanistan B. Consistently increasing oil and gas prices C. Ethical issues affecting high value investment D. Mortgage lenders securitizing large quantities of their loans 4. This subarea of finance involves methods and techniques to make appropriate decisions about what kinds of securities to own, which firms' securities to buy, and how to be paid back in the form that the investor wishes. A. real markets B. investments C. financial management D. none of these 5. This subarea of finance looks at firm decisions in acquiring and utilizing cash received from investors or from retained earnings. A. investments B. financial management C. treasury management D. none of these 7. This subarea of finance helps facilitate the capital flows between investors and companies. A. investments B. financial management C. treasury management D. financial institutions and markets 10. This is a general term for securities like stocks, bonds, and other assets that represent ownership in a cash flow. A. investment B. financial asset C. real asset D. financial markets 12. Which of the following managers would NOT use finance? A. Operational managers B. Marketing managers C. Human resource managers D. All of these would use finance 15. This type of business organization is relatively easy to start, and it is subject to much lighter regulatory and paperwork burden than other business forms. A. Sole proprietorship...
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...and channeling resources In the present day socio-economic scenario, the leasing companies have been continuously playing an increased role in financing industry, trade and commerce and housing, thereby contributing significantly to the economic development of the country. The leasing sector has contributed significantly over the years, despite several constraints. With the challenges of time, the overall growth of the leasing business achieved through diversification of products and services and aggressive marketing with special focus on the SME sector, is indicative of the industry’s contribution to our national economy. It is worth mentioning that, within two decades; the leasing companies have emerged as an alternative source of finance and well sought after arm for credit for SMEs. In order to catch up with the demands of time, most leasing companies have diversified their products and services into other areas like small loans, housing loans, start-up working capital and domestic factoring of accounts receivable. Further to reducing dependence on traditional borrowings from banks for meeting their working capital requirements, some of them have already introduced new financial instruments like Bonds, Securitization of Assets, Syndication Services, Merchant Banking, Stock Brokerage Services, etc which have set new trends for others to follow. 1.2 Objective of the Report There had been some objectives set forward in doing this report so that it can be determined...
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...Which of the following statements about finance, accounting, and financial management is most correct? (d) a. Accounting is of no value in decision making. b. Accounting provides the theory and concepts necessary to help managers make better decisions. c. Financial management involves the measurement, in financial terms, of operational events that affect the resources and financing of an organization. d. The primary role of finance is to plan for, acquire, and use resources to maximize the efficiency (and value) of the enterprise. Which of the following are not finance activities? (d) a. Planning and budgeting b. Financial reporting c. Financial risk management d. Facilities management Which of the following statements about the finance department at large healthcare organizations is most correct? (e) a. The department is headed by the chief financial officer (CFO) (sometimes called the vice-president finance). b. The CFO typically reports directly to the chief executive officer (CEO). c. The CFO usually is assisted by a comptroller and treasurer. d. The comptroller and treasurer often have managers under them responsible for specific functions such as patient accounts management and cash management. e. All of the above statements are correct. Which of the following statements about hospitals is most correct? (c) a. Patients at general acute care hospitals typically have long patient stays, often 30 or more days...
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