Premium Essay

Income Statement (Easyt)

In:

Submitted By statjames
Words 841
Pages 4
Front cover
Your Workforce
A guide for employers

www.nt.gov.au/business

Page 2
Introduction
How to use this guide
Information in this guide has been organised into six sections identified in the Workforce Planning wheel.
The human resource management process is illustrated in the essential human resource management process flowchart (page 4), which corresponds to relevant sections of the Workforce Planning wheel.
Useful resources such as checklists, templates and fact sheets have been developed for particular topics and are located at the back of each section. These resources are also available at www.nt.gov.au/business in Microsoft Word and Acrobat PDF formats.

Workforce Planning wheel
The Workforce Planning wheel identifies the six groups of activities that contribute to a better workplace. 1. Workforce Planning
Prepare your business for change by forecasting future workforce needs, setting goals and planning. 2. Attract, Recruit and Select
Know how to attract new employees and recruit, advertise and select the right employees. 3. Induct, Train and Develop
Understand the importance and benefits of inductions, identifying training needs and planning to develop your employees. 4. Motivate, Manage and Reward Performance
Know what motivates your employees and develop better ways of managing and rewarding their performance. 5. Retain and Support
Understand the factors (including flexible work arrangements) that will help you to support your employees so they are more likely to stay with you. 6. Lead and Communicate
Become a better leader and implement workplace practices to help you achieve your business goals.

Page 3
Diagram: Flowchart of the essential human resource management process.

There are five segments all linking into ‘Workforce Planning’ in the middle.
The segments are: * Attract, recruit and select * Your competitive

Similar Documents

Premium Essay

Miwaukee Surgical Supplies

...600,000 3. Calculate the firm’s new receivables balance if Milwaukee Surgical toughened upon its collection policy, with the result that all non-discount customers paid on the 30th day. ACP= (.30*10)+(.40*30)= 18 days ADB= 1200000*18days= $21,600,000 4. Assuming the cost to the firm to carry receivables is 8% per annum, calculate the annual savings resulting from the toughened credit policy. (Assume the entire amount of receivables had to be financed.) 0.08*26,600,000= $2,128,000 5. What is the primary difference between financial statement analysis and operating indicator analysis and why are both types useful to health services managers? A financial statement analysis is the process of using data contained in a business’s financial statements to make judgments about financial condition. There are three basic financial statements: the income statement, the balance sheet, and the statement of cash flows. These statements show the firm’s operations and its financial position. The data obtained is detailed for two or three most recent periods, and a historical summary of key operating statistics for longer periods are included. Financial...

Words: 728 - Pages: 3

Premium Essay

5 Strangest Record of Guiness

...recording,analysing,summarising the transactions.After recording the transactions into accounts we go to analyze them.The process of analysing is actually calculating the ballances of accounts.The summarising process is a actually a conclusion of accountant work.It shows the financial statement. Financial statements are one of the most importatnt statements for one company and are known two types of financial statement:income statement and statement of financial position. The income statement shows all income and all outcome of one company and her profits or loses for a period. The statement of financial positions shows all assets own from the company.liability and capital. And the two statements give the position of the company and give important information for creditors,investitors and management of the company.The investors are interested and from the two statement,because they must know profitability to the company where they put money(income statement) and where there went the money(statement of financial position.The creditor will be most interest from the income statement to see the profitability to the company and if they give loan it Can be turn back. For summarising for the two statement we can say that their signifiance is very important for the future of one company.The information provide in them is useful for creditors,investitors,workers and managers.Give a real possition of the company and help to management to take a correct decissions for future...

Words: 253 - Pages: 2

Premium Essay

Pfizer Case Analysis

...1) After spending years of effort to integrate Warner Lambert and Pharmacia into Pfizer, should its management have avoided another huge acquisition like Wyeth? Should Pfizer have gone after smaller bio tech firms in a series of small acquisitions in 2008 and 2009? A number of these bio tech firms could have been acquired for the $68 billion price of the huge Wyeth acquisition. Present arguments for and against buying several small firms versus one large firm. In my opinion, when it comes to the option of bigger or smaller firm acquisition, Pfizer should have invested in a large acquisition like wryeth. This is because Pfizer’s focus is not really on how many firms it can acquire but proceeds and profit margins these acquisitions can bring in. Basing on the case, its previous large acquisitions such as Warner Lambert and Pharmacia. In 2000 and 2003 where quiet good investments bringing in large profit margin of up to 90% from the Warner. A large problem of staffing is also worsened by over acquisition. According to the case overtime acquired firms have brought in excess staff for Pfizer and this has become a problem as managers for each line have increased and thus larger costs in terms of salaries as well. Larger firm acquisitions have also evidently brought stronger products than Pfizer itself can produce. Drugs such as Lipitor from an acquired firm brought in sales of about 12 billion annually while Pfizer produced drugs have failed i.e. T-pill Furthermore larger...

Words: 1587 - Pages: 7

Premium Essay

Case Study: Blue Rhino Slows Down to Get Ahead

...that are already filled. 2. Increasing the demand for, and awareness of cylinder exchange, to increase its sales. Blue Rhino’s business strategy was not supported by information systems at first. They avoided micromanagement and bureaucracy, working in a decentralized environment. This type of implementation was an integral part in the company’s success. 2. Why did Blue Rhino have to revamp its systems and business processes? Because of Blue Rhino’s vast success, it reached a capitalization above $75 million. Therefore they were forced to meet the requirements of the Sarbanes-Oxley Act which “requires upper-level executives of companies with market capitalization above $ 75 million to take greater responsibility for the income statements and balance sheets of their business.” However, Blue Rhino was already planning on revamping its processes since they were having difficulty with the control over its inventory, financial operations, and with the human resources department; this act only motivated them. 3. What management, organization, and technology issues did the company have to deal with as it built its new systems? Blue Rhino faced several difficulties as it built its new systems. Blue Rhino employees were used to a management with no bureaucracy, now every decision has to pass through several procedures. While implementing a system for the inventory,...

Words: 523 - Pages: 3

Premium Essay

Organic Smoothie Financial Plan

...year. Organic Smoothie Company has designed a business plan for consumer needs for every month of the year with a direct detailed approach considering the freshest produce. Our direct overhead and variable expenses have been applied to all products in our store, to ensure accurate profit. Produce delivery charges, current store costs and maintenance on equipment supply the bulk of our overhead costs. All of our variable expenses include materials and labor. We have three full time employees that cost a total of 46,080 annually. Our overhead expenses are 11,300, for a net income of $147,620. Our expected payback period is 5 years at 5%; investors will receive $3,750 in interest for a total payback amount of $78,750 with monthly payments of $1,312.50. The income statement for the fiscal year for OSC is listed below. Organic Smoothie Company | | Income Statement | | | | | | | | Revenues: | | | Sales Revenue | $205,000 | | | | | | Expenses: | | | Salary...

Words: 651 - Pages: 3

Premium Essay

Netflix

...Netflix Netflix is a retailer of movie rental services. The company offers an internet subscription service for enjoying TV shows and movies, where subscribers can instantly watch unlimited TV shows and movies streamed over the internet to their TV, computers and mobile devices. It offers more than 10,000 DVDs and Blu-ray titles to its subscribers. Netflix also operates a separate library of over 12,000 titles of movies that can be watched instantly on subscriber’s TV through a Netflix ready device or on their computers. The company markets and promotes its service through various marketing programs, including television, radio advertising, online promotions, package inserts, direct mail and other promotions with third parties. The company sells its merchandise through website and mail order. It principally operates in the US. Netflix is headquartered in Los Gatos, California, the US. Netflix, Inc. operates an online movie rental service servicing approximately 7.5 million subscribers in the United States. Through various plans, Netflix subscribers select DVDs online, receive the selected DVDs in the mail, and then return them using provided prepaid mailers. Netflix does not provide deadlines or charge late fees. After a DVD has been returned, Netflix sends the next available DVD in a subscriber's wish list. Netflix operates a fast-growing DVD rental and video streaming service available in the United States, Canada, and eventually Central and South America. Netflix was founded...

Words: 1750 - Pages: 7

Premium Essay

Financial Statement Analysis

...CHAPTER 5—BASICS OF ANALYSIS MULTIPLE CHOICE 1. Statements in which all items are expressed only in relative terms (percentages of a base) are termed: a.|Vertical Statements| b.|Horizontal Statements| c.|Funds Statements| d.|Common-Size Statements| e.|none of the answers are correct| ANS: D 2. In financial statement analysis, ratios are: a.|the only type of analysis where industry data are available| b.|absolute numbers converted to a common base| c.|fractions usually expressed in percent or times| d.|the only indication of the financial position of the firm| e.|none of the answers are correct| ANS: C 3. Denver Dynamics has net income of $2,000,000. Oakland Enterprises has net income of $2,500,000. Which of the following best compares the profitability of Denver and Oakland? a.|Oakland Enterprises is 25% more profitable than Denver Dynamics.| b.|Oakland Enterprises is more profitable than Denver Dynamics, but the comparison can't be quantified.| c.|Oakland Enterprises is only more profitable if it is smaller than Denver Dynamics.| d.|Further information is needed for a reasonable comparison.| e.|Oakland Enterprises is more profitable if it is a larger firm than Denver Dynamics.| ANS: D 4. Which of the following can offer a type of comparison in financial statement analysis? a.|past ratios and figures| b.|industry averages| c.|statistics of competitors| d.|all of the answers are correct| e.|none of the answers are correct| ANS:...

Words: 2469 - Pages: 10

Premium Essay

Financial Statement Differentiation Paper

...Financial Statement Differentiation Paper Jason Raines ACC/561 January 9, 2012 Cathleen Davis Financial Statement Differentiation Paper There are four basic financial statements that help business keep track of what is coming and going on a daily basis. “They are: (1) balance sheets; (2) income statements; (3) cash flow statements; and (4) statements of shareholders’ equity” (Beginner’s, 2007). Each one of these statements has it own unique way of showing where the company’s money came from, where went, and where it is now. This is why it is important to have better understanding how each statement can help keep accurate financial records for the business. Balance Sheet A balance sheet is really an easy concept to understand because when it comes to the balance sheet company’s use them to balance out there financials. This financial statement shows a company’s “assets, liabilities, and share holders equity at certain point of time in a business cycle” (Balance Sheet, 2011). There is a simple equation that can describe the balance sheet which is Assets = Liabilities + Shareholder’s Equity, using this equation company’s should be able to keep accurate records of their finances. Although investors, creditors, and management all look at the balance sheet for reassurance it would seem that the creditors would more interested in the balance sheet because creditors can look at the balance sheet and make a determination on whether or not they are going...

Words: 1025 - Pages: 5

Free Essay

Bus 599 Introduction to Quantitative Principles Week 6

...Assests | 222.06 | | 373.89 | | 523.55 | | | | | | | | | Liabilities | | | | | | | | | Accounts Payable | 32.25 | | 34 | | 40.5 | | | Total Liabilities | 32.25 | | 34 | | 40.5 | | | | | | | | | Equity | | | | | | | | | | Owner Capital | 40 | | 40 | | 40 | | | Retain Earnings | 145.31 | | 295.39 | | 296.6 | | | Total Equity | 185.31 | | 335.39 | | 336.6 | | | | | | | | | | | Total Equity and | | | | | | | | Liabilities | 222.06 | | 373.89 | | 523.55 | | | | | | | | | | | | | | | | | Accounting Income Statement | | | | | | | | Revenue | 214.6 | | 224.4 | | 222.1 | | | Expenses | 69.29 | | 74.32 | | 71.3 | | | Earnings | 145.31 | | 150.08 | | 150.8 | | | | | | | | | | | | | | | | | | | | | | | | | Financial Statement | | | | | | | | ROE | | 78.40% | | 44.70% | | 44.80% | | ROA | | 65.40% | | 40.10% | | 28.80% | | Profit Margin | 67.70% | | 66.90% | | 67.90% | | | | | | | | | | Inventory Turnover | 40.5 | | 65.2 | | 22.30% | | Asset Turnover | 0.96 | | 0.6 | | 0.40% | | | | | | | | | | Current Ratio | | | | | | | Cash Ratio | 6.65 | | 10.79 | | 12.71 | | | | | | | | | | Debt-Equity Ratio | 0.174 | | 0.101 | | 0.357 | | | | | | | | | | | | | | | | | | | | | | | | | Economic Profit Report | | | | | | ...

Words: 2968 - Pages: 12

Premium Essay

Oak Industries Case Sample Answers

...earnings? Why or why not? Yes, it is clearly unethical to intentionally understate earnings since the management makes representations that the financial statements are complete and accurate. It is obvious that intentionally understating earnings is done to allow the company to later overstate earnings by using falsified reserves to cover the inadequate current period earnings. These manipulations and misrepresentations do not allow fair comparisons of the results of operations between years. In this case the misrepresentation gave a totally false picture of the success of its subscription television systems and interfered with the ability of users to correctly analyze the financial information of the firm. These misrepresentations impaired the decision-making ability of the financial statement users and defeated the purpose of financial statements presenting a true and accurate picture of the company. 2. Should auditors be equally concerned with potential understatements and potential overstatements of a client’s revenues and expenses? Identify audit techniques that may be particularly helpful in uncovering understatements of revenues and overstatements of expenses. Auditors are required to plan and perform an audit to obtain reasonable assurance that the client’s financial statements are free of material misstatements. These misstatements include overstatements and understatements of both revenues and expenses, and auditors should be concerned...

Words: 663 - Pages: 3

Premium Essay

Statement of Cash Flows

...Statement of Cash Flows Paper ”What is the purpose of the statement of cash flows? What information does it provide”(Kieso, Weygandt, & Warfield, p. 1253)? Companies provide four statements to abide by the Generally Accepted Accounting Principles (GAAP). These financial statements are the income statement, equity statement, the balance statement, and the statement of cash flows. Each statement provides different types of information necessary to make a knowledgeable decision about a investing in company. The statement of cash flows is useful because it ” provides information on a cash basis about an organization operating, investing, and financing activities” (Kieso, Weygandt, & Warfield, p. 1213). Each of these methods is important to users and provides different information. It also provides information on the inflow and outflow of cash during an accounting period. The statement of cash flows presents this information in either the indirect method or the direct method. The statement of cash flows uses is to provide information about its ability to generate cash in the future. This information may come from three sources the income statement, the balance sheet, and select cash transaction data. The income statement provides the operating activities cash flow. The balance sheet provides the changes in assets, liabilities, and equities. It also shows how the company pays dividends and meets it financial obligations to creditors and investors. Select cash transactions have...

Words: 784 - Pages: 4

Premium Essay

Analysis of San Miguel

... 1,867 Biological assets - net of current portion 1,479 1,847 Goodwill - net 30,251 6,408 Other intangible assets - net 10,980 3,630 Deferred tax assets 7,134 8,883 Other noncurrent assets – net 33,801 12,468 Total Noncurrent Assets 550,262 140,378 P829,800 P438,491 LIABILITIES AND EQUITY Current Liabilities Drafts and loans payable P74,128 P56,789 Accounts payable and accrued expenses 69,774 31,391 Finance lease liabilities - current portion 10,946 13 Income and other taxes payable 10,001 4,186 Dividends payable 826 573 Current maturities of long-term debt - net of debt issue costs 12,549 1,077 Total Current Liabilities 178,224 94,029 Forward December 31 2010 2009 Noncurrent Liabilities Long-term debt - net of current maturities and debt...

Words: 1085 - Pages: 5

Premium Essay

Management

...high-capacity battery for laptop computers—DRJ, Inc., has been experiencing difficulty for some time. The company’s contribution format income statement for the most recent month is given below: | |Sales (20,000 units × $25.00 per unit) |$500,000 | | |Less variable expenses |  300,000 | | |Contribution margin |200,000 | | |Less fixed expenses |  220,000 | | |Net operating loss |$ (20,000) | Required: 1. Compute the company’s CM ratio and its break-even point in both units and dollars. 2. The president believes that a $15,000 increase in the monthly advertising budget, combined with an intensified effort by the sales staff, will result in a $100,000 increase in monthly sales. If the president is right, what will be the effect on the company’s monthly net operating income or loss? (Use the incremental approach in preparing your answer.) 3. Refer to the original data. The sales manager is convinced that a 10% reduction in the selling price, combined with an increase of $10,000 in the monthly advertising budget, will cause unit sales to increase by 20%. What will the new contribution format income statement look like if these changes are adopted? 4. Refer to the original data. The Marketing Department thinks that a fancy new package for...

Words: 393 - Pages: 2

Premium Essay

Accrual Accounting

...Basis Accounting: Businesses Record Transactions as They Occur Abstract The purpose of this paper is to summarize the effects of accuracy and reliability of accrued expenses for financial information provided to users based on academic information. I will evaluate several key factors that are involved in accruing for expenses and how accruals affect a company’s financial statements. Included will be GAAP’s matching principle and FASB guidance on accruals. Other sources examined will from several academic articles. The results indicate that accruing for expenses maintain the matching concept. Accruals help avoid deceptive income statements that could result from the timing of cash payments. Table of Contents Abstract …………………………………………………………………………………...2 Table of Contents …………………………………………………………………………3 Introduction …………………………………………………………………………….....4 Literature Review ………………………………………………………………….. …......5 Locating Financial Misstatements: Where to Look……………………………....5 Accounting for the Costs to treat Environmental Contamination…………………7 Coping with FASB Statement No. 106-- "Accounting for Post-retirement Benefits Other Than Pensions…………………………………………………8 On the Implementation of Accrual Accounting: A Study of Conflict and Ambiguity……………………………………………………………………..8 Depreciation Rules and the Relation between Marginal and Historical Cost…….9 The Role of Accruals in Asymmetrically Timely Gain and Loss Recognition…...9 On Matching Revenue...

Words: 2775 - Pages: 12

Premium Essay

Financial Statement Paper

...Financial Statements Paper April T. Worriax ACC/280 February 30, 2011 Michelle Turk CPA Accounting Accounting is one key element to any business or company. Accounting consists of four basic financial statements that a business or company will use. The four financial statements are very helpful to managers, supervisors, investors, creditors, and employees. Accounting is an important part of any company because it provides the information needed for sound economic decision making (“Financial Accounting,” 1999-2010). Accounting identifies, records, and communicates the economic events of a company to interested users (Weygandt, 2008). The first financial statement is the income statement. The income statement shows the results of the company’s operations for a certain time. This statement lists revenues first and then the company’s expenses. After the completion of this financial statement an individual will be able to tell if the company is a net income or a net loss. For instance, if revenue is more than expenses, will be a net income, but if expenses are more than revenue, there will be a net loss (Weygandt, 2008). The second financial statement is the balance sheet. The balance sheet shows a company what is currently happening within the company. It helps to see how the company is balancing...

Words: 754 - Pages: 4