...Financials The four basic financial statements are; Balance Sheet, Income Statement, The Retained Earnings Statement and the Statement of Cash Flow. The Balance Sheet reports assets and claims to assets at a specific point in time. Claims to assets are subdivided into two categories: claims of creditors which are called liabilities and claims of owners which are called stockholders’ equity. The Income Statement shows how success or the failure of the company’s operations for a period of time. The Retained Earnings Statement shows the amounts and causes of chanes in retained earnings during the period. The time period is the same as the covered by the income statement. The Statement of Cash Flow is to provide financial information about the cash receipts and cash payments of a business for a specific period of time. This helps investors, creditors and other external users in their analysis of thhe company’s cash position, this statement reports the cash effects of the company’s operating, investing and financing activities. This statement also shows the net increase or decrease in cash during the period and the amount of cash at the end of the period. Managers use financial statements to see the performance of the company. On the income statement, managers compare sales and expenses from one period to the previous period to identify potential problem areas. Employees take a look at the income statement to maintain responsibility for managing certain expenses...
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...This coursework is to be prepared as an individual assignment. Each student is required to answer all questions below using the published information on Rolls-Royce Holdings plc, which is provided as a separate pdf document on Blackboard. The coursework weighting towards the final module mark is 70%. Your work will be marked on the basis of a) the accuracy of your calculations, b) the quality of the analysis provided and, c) the presentation of your report, which must be prepared in a professional manner. The deadline for submission is 12.00pm Tuesday, 07th May 2013. Please use the following guidelines: * The report must be entirely your own piece of work. In particular, the University’s rules on plagiarism must be followed * Your report should not exceed 1,500 words (excluding tables and calculations) * Your report should be word-processed and presented in a professional manner * The font used should be Times New Roman, Size 12, Line Spacing 1.5 Submission guidelines This coursework is to be submitted via Blackboard only. It will automatically be scanned through a text matching system (designed to check for possible plagiarism). * DO NOT attach a CA1 form or any other form of cover sheet * YOU MUST include your name and student ID on the first page of your assignment To submit your assignment * Log on to Blackboard at http://learning.westminster.ac.uk * Go to the relevant module Blackboard site * Click on the ‘Submit Coursework’...
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...business, provides gaming, hotels, entertainment & amusement. Method of analysis included strategy analysis, accounting analysis, financial analysis and prospective analysis. PEST (Political, Economic, Social and/or Technological factors) analysis and Porter’s five forces analysis are used to analyze Genting’s economic and industry influences factors. Berjaya Toto is identified as the domestic competitor for Genting, solely in gambling business. The financial analysis report is based on 3 years Financial Statements of Genting Malaysia Berhad (on FY2012, FY2013 and FY2014) compared with Berjaya Toto’s Financial Statement. On accounting analysis, 5 significant accounting policies were identified. Genting and Berjaya Toto showed similarly on their accounting policies, particularly in Basis of Consolidation, Judgements and estimation, Property, Plant and Equipment (PPE), Depreciation and Revenue recognition. Income Statement Analysis, Balance Sheet Analysis and Cash Flow Analysis are attached in the appendices. On Financial Analysis, ratios of operating management, investment management and profitability, and financial leverage and liquidity are analyzed. Methods of analysis include time series analysis and cross-sectional analysis. Calculation on margin ratios, return on equity (ROE) and PPE turnover of Genting’s 3 years financial performance compared with Berjaya Toto’s. Besides, comparison of both companies on liquidity ratio such as current ratio, quick ratio...
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...ACC/561 January 21, 2013 Professor Willard Berry Financial statements provide crucial information to management, investors, and creditors. These statements include four documented forms cash flow statement, balance sheet, retained earnings, and income statement. The information contained in the reports provides a detailed picture to the condition of any business. A business evaluation containing all four documents is essential to form an accurate forecast in past and future objectives. Each document allows creditors, investors, and managers’ ability to further understand the financial workings of an individual company. Balance Sheet A balance sheet shows the dollar value at a specific time of the assets and liabilities of the company. The formula for this is Assets = Liabilities + Stockholders Equity. Assets are any resource in which a company possesses such as cash, equipment and property. Liabilities are shown as amounts or payables owed to the owner or creditor. Balance sheets for most companies are available to the public. By publishing this report lenders and investors can review the data and decide whether the company is worth the investment. Both investors and lenders can also determine if the company has the ability to repay a debt (John Wiley & Sons, 2009). Income Statement The income statement shows if a company has reported a profit or loss for a specific period. This statement is also referred to as a profit and loss statement...
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...[pic] 本科毕业论文 试论中小企业板公司 财务报告分析 | 姓 名 | 黄嫣然 | | 学 院 | 管理学院 | | 专 业 | 会计学 | | 指导教师 | 林华 | | 完成日期 | 2012年6月 | 上海理工大学 全日制本科生毕业设计（论文）承诺书 本人郑重承诺：所呈交的毕业设计（论文） 是在导师的指导下，严格按照学校和学院的有关规定由本人独立完成。文中所引用的观点和参考资料均已标注并加以注释。论文研究过程中不存在抄袭他人研究成果和伪造相关数据等行为。如若出现任何侵犯他人知识产权等问题，本人愿意承担相关法律责任。 承诺人（签名）： 日 期： 试论中小企业板公司财务报告分析 摘 要 随着国内市场经济体制逐渐完善，现今，企业模式不再仅仅局限于从前庞大结构、巨大资本的形式，越来越多的中小企业不断涌现。2004年6月25日，我国深圳中小企业板市场终于在长达五年的筹备论证后开立。中小企业板市场的建立对于拓宽中小中小企业融资渠道，完善中小企业治理结构，丰富证券市场投资品种等方面都做出了极其有益的尝试。如今，中小企业板市场的发展已经渐入佳境，作为国民经济中的中流砥柱，正为我国市场经济建设续写新的篇章。但在未来，中小企业板市场仍将面临的许多的问题。如何准确挖掘中小企业板上市公司的财务信息，考察各种经营活动对企业未来经营成长的影响，这些对判断中小企业板上市公司所面对的前景以及投资者的投资方向都具有非常重要的现实意义。目前，广泛认同的针对中小企业板公司的财务报告分析体系还没有形成，如何依据中小企业板公司自身特色，制定全面科学完善的财务报告体系，还有待各方面的研究探讨。本文结合中小企业板上市公司的特点，研究了针对中小企业板公司的财务报表分析方法，并且付诸实际，同时选取了一家中小企业板公司和主板公司进行财务报告的分析及比较。 本文首先概要阐述了进行中小企业板公司财务报告分析研究的背景和意义，强调了中小企业板公司财务报告分析对于挖掘公司经营情况的重要性，此外也简要回顾了深圳中小企业板的发展历程。于此同时，本文还就一般企业财务报告分析的内容、方法以及我国现存财务报告分析体系的情况做了引荐。在此基础上，...
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...Assigment Financial Statement Analysis Dec 2013 Prepare for: Mr. PH Tan Prepare by: Mohamed Yusri Bin Sehat ST1110537 Contents Introduction 2 Objective of paper 2 Executive summary 2 Firm, Industry, and Environment 2 Description of firm and its management 2 Discussion of competitive environment 2 Economic climate and outlook 2 Other factors, e.g. government regulations, labor relations 2 Building blocks of financial statement analysis 2 Vertical and horizontal common size analysis 2 Short-term liquidity 2 Capital structure and solvency 2 Return on invested capital 2 Conclusions 2 Bibliography 2 Introduction The objective of this assignment is to evaluate the company’s performance and required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company as at the end of financial year and of the income statement and cash flows of the company for financial year. The statement pursuant to section 169(15) of the companies Act, 1965. Objective of paper Executive summary The Mission Statement Our mission To inspire and nurture the human spirit - one person, one cookie and one neighborhood at a time. Here are the principles of how we live that every day : Food produced by us , it has always been, and will always be , about quality. We are passionate about ethically be food...
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...Financial Analysis of the McDonald’s Corporation MCD, New York Stock Exchange One McDonalds Corp Plaza Dept. 332 Oak Brook, IL 60523 630-623-3154 Sheena Harper-Nelson Webster University COMPANY OVERVIEW: Brief description of the company McDonald’s is one of the largest fast food restaurants today. There are over 35,000 restaurants in 117 countries at the end of 2013. Out of those restaurants, 26,338 are franchised or licensed. That is over 80 % of the company. There are only 6,399 restaurants operated by The Company (McDonald’s). McDonald’s is a corporation that involves serving meals fast. McDonald’s is a customer service based company. Base on Wall Street journal, McDonald’s was one the two companies that ended 2008 with a gain (www.aboutmcdonalds.com) Company history McDonald’s has been around since 1940. It was founded by Dick and Mac McDonald’s their first store was a Bar-B-Q restaurant in San Bernardino, Ca. They closed the Bar-B-Q for only 3 months to make alterations. The first menu had nine items, hamburger, cheese burger, soft drinks milk, coffee, potato chips and slice of pie. In 1949 the world famous fries replaced the potatoes. McDonald’s opened their 100th store in Fond Du Lac, Wisconsin. In 1962, the McDonald’s in Denver, Colorado was the first to get indoor seats. On McDonald’s 10th anniversary the stock was $22.50 per share. Ronald McDonald’s appeared in his first commercial in 1966. The Big Mac was introduced in 1968. It has...
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...Financial Mathematics Xx xx xx x xx x x Xx xx xx x xx x x Xx xx xx x xx x x Xx xx xx x xx x x Xx xx xx x xx x x Xx xx xx x xx x x Xx xx xx x xx x x Xx xx xx x xx x x Xx xx xx x xx x x Xx xx xx x xx x x Xx xx xx x xx x x Xx xx xx x xx x x Xx xx xx x xx x x Xx xx xx x xx x x Xx xx xx x xx x x Xx xx xx x xx x x Xx xx xx x xx x x Xx xx xx x xx x x Xx xx xx x xx x x Xx xx xx x xx x x Xx xx xx x xx x x Xx xx xx x xx x x Xx xx xx x xx x x Xx xx xx x xx x x Xx xx xx x xx x x Xx xx xx x xx x x Xx xx xx x xx x x Xx xx xx x xx x x Xx xx xx x xx x x Xx xx xx x xx x x Xx xx xx x xx x x Xx xx xx x xx x x Xx xx xx x xx x x Xx xx xx x xx x x Xx xx xx x xx x x Xx xx xx x xx x x Xx xx xx x xx x...
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...[pic] Center for Management and Leadership Master of Business Administration MODULE: FINANCIAL ACCOUNTING Lecturer Ryan Isebia Subject Financial Accounting Objective of this module The objective of this module is to help the students develop a sufficient understanding of the basic concepts underlying financial statements so that they can apply the concepts to new and different situations. Furthermore, this module seeks to train students in accounting terminology and methods so that they can interpret, analyze, and evaluate financial statements published in corporate annual reports. The text for this module presents the concepts of financial accounting in a logical format. Essential topics are covered in sufficient depth to substantiate basic technical understanding and to support the application of the material to organizational problems. Each chapter begins with the learning objectives of the chapter. The chapters contain an in-depth presentation of the subjects. To aid the students, the chapters also contain at the end of each section some questions, exercises, problems and cases. Furthermore, at the end of each chapter the key terms and concepts that have been addressed in the chapters are presented. These sections serve as excellent means for the students to review and master the material. Class format: The module will consist: ▪ Class lectures ▪ Selfstudy ▪ Assignments – in class and...
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...Financial Institutions and Financial Markets FIN/370 Financial Institutions and Financial Markets The state of the economy in the United States is very crucial to businesses and society. The success of the economy is reliant on financial institutions and financial markets. “The market for the creation and exchange of financial assets such as money, stocks, and bonds, plays a central role in organizing and coordinating our economy” (Colander, 2013, p. 643). Financial institutions are essential in providing funding for activities that take place within the financial markets. This paper will describe the roles of financial institutions and financial markets in our economy, as well as compare and discuss the differentiations between markets. The Roles of Financial Institutions Financial institutions play a vital role in the success of our economy and financial markets. They are responsible for financial transactions such as deposits, investments, and loans. Examples of financial institutions are commercial banks, investment banks, credit unions, insurance companies, mutual funds, and brokerages. A few of the well-known U.S. financial institutions are Bank of America, JP Morgan Chase Bank, Wachovia Bank, and Wells Fargo Bank. Financial institutions provide a means of savings for society and businesses. Saving money incurs interest, which allows people and businesses to save additional funds. Financial institutions provide loans so businesses can grow...
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...the publisher. Printed and bound in Great Britain by Garnett Dickinson CONTeNTS Foreword .................................................................................................................... Acknowledgements .................................................................................................... Abbreviations .............................................................................................................. executive summary .................................................................................................... 1 3 4 5 1. Introduction .............................................................................................................. 10 2. Introducing International Financial Reporting Standards: Some global evidence 14 3. Research methods...
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...2 The role of financial systems in the economy This section iscusses the main functions of financial intermeiaries an financial markets, an their comparative roles. Financial systems, i.e. financial intermeiaries an financial markets, channel funs from those who have savings to those who have more prouctive uses for them. They perform two main types of financial service that reuce the costs of moving funs between borrowers an leners, leaing to a more efficient allocation of resources an faster economic growth. These are the provision of liquiity an the transformation of the risk characteristics of assets.[2] 2.1 Provision of liquiity The link between liquiity an economic performance arises because many high return investment projects require long-term commitments of capital, but risk averse leners (savers) are generally unwilling to elegate control over their savings to borrowers (investors) for long perios. Financial systems mobilise savings by agglomerating an pooling funs from isparate sources an creating small enomination instruments. These instruments provie opportunities for iniviuals to hol iversifie portfolios. Without pooling iniviuals an househols woul have to buy an sell entire firms (Levine 1997). iamon an ybvig (1983) show how financial intermeiaries can enhance risk sharing, which can be a preconition of liquiity, an can thus improve welfare. In their moel, without an intermeiary (such as a bank), all investors are locke into illiqui long-term investments that...
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...FINANCIAL STATEMENT ANALYSIS: A TOOL FOR PERFORMANCE EVALUATION A Case Study of Oceanic Bank By IBRAHIM UMAR PGA/09/07766 M.Sc. Assignment Submitted to Dr. M.I. Kida CNA Department of Accountancy University of Maiduguri 2Financial Statement Analysis: A Tool for Performance Evaluation Jan. 2010 3Financial Statement Analysis: A Tool for Performance Evaluation ABSTRACT Financial statements are prepared to meet external reporting obligations and also for decision making purposes. They play a dominant role in setting the framework of managerial decisions. But the information provided in the financial statements is not an end in itself as no meaningful conclusions can be drawn from these statements alone. However, the information provided in the financial statements is of immense use in making decisions through analysis and interpretation of financial statements. There are various methods or techniques that are used in analyzing financial statements, such as comparative statements, schedule of changes in working capital, common size percentages, trend analysis and ratios analysis. This study intends to analyze financial statement of Oceanic bank in Nigeria in order to come up with an in-depth fact finding on its performance and to see if there is any connection between the recent global economic crisis and its overall performance. 4Financial Statement Analysis: A Tool for Performance Evaluation INTRODUCTION 1.1 Background Financial statement represents...
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...Mission Statement of Virginia Winery Ltd……………………………………………………………3 Financial plan ………………………………………………………………………………………….3 Task 1 - Develop financial strategies. 1.1-a Assumptions on which the financial plan has been developed……………………………….5 1.1-b Financial objectives in terms of finance requirements………………………………………..5 1.1-c Funding arrangements………………………………………………………………………...6 1.1-d Financial information requirements…………………………………………………………..9 1.1-e Financial performance targets and indicators………………………………………………..10 1.1-f Income statement projections………………………………………………………………...11 1.1-g Balance sheet projections…………………………………………………………………….12 1.2 Identify the appropriate staff and stakeholders within Virginia’s Wines that this plan should be communicated to, to enable effective implementation……………………………………………….13 Task 2 2.1-a Essential financial systems and records………………………………………………………14 2.1-b Legal and financial control systems…………………………………………………………..14 2.2-a A budget which is consistent with the financial strategies and plans…………………………17 2.2-b Revenue and expense projections for each forward period…………………………………...19 2.2-c Revenue and expense projections for each forward period…………………………………...19 2.2-d Balance sheet projection for the year………………………………………………………….20 Task 3 3.1. In monitoring the business operations explain what actions can be taken to ensure Virginia’s Wines achievement of their financial performance targets, and profit and return on investment objectives………………………………………………………………………………………...
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...A comparative studies of consolidated financials Table of Contents: 1. A. Description of Expanded accounting equation for Hal Burton Web consulting for the period of 1-30, 2015 B. Basic and consolidated financial statements of Hal Burton Web consulting for the period of 1-30, 2015 1. Income Statement. 2. Statement of financial position 3. Statement of owner’s equity 4. Statement of Cash Flows. 2. A. Requirements of International Accounting Standards (IAS-1) and its comparison with US-GAAP for the presentation of financial statements. B. Supporting examples of financial statements prepared under IFRS and US GAAP References. 1) A. Analyze and summarize the below transactions using the accounting equation in the form of a table showing different assets, liabilities, capital, revenue and expenses. Table 1. Expanded Accounting Information | | | |Hal Burton Web | | | | |Consulting | | | Statement of Owners Equity | | | | ...
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