Premium Essay

Accounting Essay on Finacials

In: Other Topics

Submitted By kristifarr
Words 1147
Pages 5
Company Overview Six Flags Entertainment Corporation (Six Flags), incorporated on December 09, 1997, owns and operates regional theme, water and zoological parks. As of the December 31, 2011, of the 18 parks the Company owned or operated, 16 are located in the United States, one is located in Mexico City, Mexico and one is located in Montreal, Canada. Its diversified portfolio of North American theme parks serves an aggregate population of approximately 100 million people and 160 million people within a radius of 50 miles and 100 miles, respectively, with some of the highest per capita gross domestic product in the United States. During the year ended December 31, 2012, the Company’s parks offered approximately 800 rides, including over 120 roller coasters, making the Company the provider of thrill rides in the industry.

Assets Six Flags current assets include cash and cash equivalents of $629,208 million, trade accounts receivable of $29,523 million, inventories of $22.280 million, and prepaid expenses of $37.49 million and other current assets of $44.973 million. Total current assets are $763,474 million. Other assets include, debt insurance costs, $26,043, restricted-use investment securities, $1,218 million, deposits and other assets, $4,214 million. Total other assets are $31,475. Six Flags has property, plant, and equipment gross after accumulated depreciation of $1254.629 million, goodwill of $630.248 million, intangible assets of $376.565 million. Six Flags total assets are $3,056,391. To increase the value of a firm, such as Six Flags assets are bought. An asset is something that can make money. There are two types of assets, current or fixed (non-current). A current asset is one that will be used within one year. A current asset would be cash, inventory or accounts receivable. An example of a fixed asset would be equipment, buildings and...

Similar Documents

Premium Essay

Brief Introduction of Financial Accounting

...Brief introduction of financial accounting This essay will just briefly make an introduction to financial accounting by answering four questions. Firstly the paper will discuss the objective of financial accounting, and then will make explanation on relevant information. Also the users of financial accounting will be mentioned in the third part, then after the reason why financial market needs accounting reports, we will get to the conclusion. What is the major objective of financial accounting? “Financial accounting may be defined as the process of designing and operating an information system for collecting, measuring and recording an enterprise’s transactions, and summarizing and communicating the results of these transactions to users to facilitate making financial economic decisions”(Andrew Thomas, 2005) The first part of this explanation involves in collecting and recording business transactions. And it is specifically called the double entry bookkeeping. One of the objectives is to record and control as well as classifies those financial transactions, and normally, this process is done by a computer in modern society. Secondly the objective is about preparing and summarizing relevant information to financial statements income statements trail balances and many other financial statements. These statements can be significantly helpful for the information users. (Andrew Thomas 2005) According to Andrew Thomas (2005) the above two function can be further separate......

Words: 1254 - Pages: 6

Free Essay

Manager

...Chap1 Comparing Apples and Oranges The concept of “apples and oranges” relates to the consistency of anything that is compared with something else. Whenever you make a comparison in sentence, you have to make sure the things you compare are , in fact, comparable. Than ①主语比较 1. Because the Earth’s crust is more solid there and thus better able to transmit shock waves, an earthquake in the eastern United States will typically devastate an area 100 times greater than will a quake of comparable magnitude occurring in the West.(D-P35-9) 2.Local residents claim that San Antonio, Texas, has more good Mexican American restaurants than does any other city in the United States. (D-p78-14) 3.The guiding principles of the tax plan released by the Treasury Department could have even greater significance for the economy than do the particulars of the plan. (C-p8-6) 4. Because natural gas is composed mostly of methane, a simple hydrocarbon, vehicles powered by natural gas emit less of certain pollutants than those burning gasoline or diesel fuel. (C-p8-16) 5. The United States government employs a much larger proportion of women in trade negotiations than does any other government. (C-p22-8) 6. The pay of senior executives increased in 1990 by a larger percentage than did the wages of other salaried workers. (C-p67-5) 7. A newly developed jumbo rocket, which is expected to carry the United States into its next phase of space exploration, will be able to deliver a heavier......

Words: 31163 - Pages: 125

Free Essay

Applied Soa

...Applied SOA Service-Oriented Architecture and Design Strategies Mike Rosen Boris Lublinsky Kevin T. Smith Marc J. Balcer Wiley Publishing, Inc. Applied SOA Applied SOA Service-Oriented Architecture and Design Strategies Mike Rosen Boris Lublinsky Kevin T. Smith Marc J. Balcer Wiley Publishing, Inc. Applied SOA: Service-Oriented Architecture and Design Strategies Published by Wiley Publishing, Inc. 10475 Crosspoint Boulevard Indianapolis, IN 46256 www.wiley.com Copyright  2008 by Wiley Publishing, Inc., Indianapolis, Indiana Published simultaneously in Canada ISBN: 978-0-470-22365-9 Manufactured in the United States of America 10 9 8 7 6 5 4 3 2 1 No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise, except as permitted under Sections 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, 222 Rosewood Drive, Danvers, MA 01923, (978) 750-8400, fax (978) 646-8600. Requests to the Publisher for permission should be addressed to the Legal Department, Wiley Publishing, Inc., 10475 Crosspoint Blvd., Indianapolis, IN 46256, (317) 572-3447, fax (317) 572-4355, or online at http://www.wiley.com/go/permissions. Limit of Liability/Disclaimer of Warranty: The publisher......

Words: 218699 - Pages: 875