Disclosure and Financial Analysis Questions for Review and Discussion 1. The key criterion is financial accountability — the primary government either appoints a voting majority of the unit’s governing body or a majority of the unit’s governing body is composed of primary government officials and • the primary government is able to impose its will upon the potential component unit or • there is the potential for the organization to provide specific financial benefits to, or
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The City of Seattle, Washington Comprehensive Annual Financial Report For the Fiscal Year Ended December 31, 2013 Co ompre ehens sive Annual l Finan ncial R Repor rt For the F iscal Yea F ar Ended Decem mber 31, 2013 The City Seatt y of S tle De epartment t of Financ ce and Adm ministrativ ve Services s Introduction Table of Contents Comprehensive Annual Financial Report For the Year Ended December 31, 2013 TABLE OF CONTENTS Page INTRODUCTION Table of Contents
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1) scope of the analysis: companies assigned and their annual reports The listed firm assigned to me is Saipem S.p.A. is an Italian oil and gas industry contractor (also “Saipem” hereafter). The firm is a subsidiary of ENI S.p.A., the largest Italian energy company, which currently holds a 42.93% share in Saipem. The listed competitor of the firm assigned to me that I choose is Schlumberger Limited (also “Schlumberger” hereafter). In the World’s Top 10 biggest oilfield services companies list
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2011 Annual Report at every occasion chaiRman’S letteR In an era of constant, rapid and unpredictable change, the concept of staying the course, especially in business, can seem like an impossible mission. It takes strong and confident leadership, a clear and focused strategy and a team of talented people who are willing to go the distance in order to achieve the goal. Since fiscal 2010, the goal at Constellation Brands has been a singular one: profitable organic growth. During this period
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The four statements in the U.S. are the Balance Sheet, Income Statement, Changes in Financial Position and Statement of Retained Earnings. The B/S tells you the cost of the company's assets and the amount of money the company owes. The difference is the retained earnings left in the company by its owners. The B/S is very important to the banks and creditors because it gives them an understanding of what a company owes and coverage of the assets in case things go bad for the company. The I/S is
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Review Summary of Study Objectives Answer Self-Study Questions Complete Assignments ■ ■ ■ Read text and answer Before You Go On p. 97 ■ p. 104 ■ p. 109 ■ p. 114 ■ ■ ■ ■ ■ ✓ Feature Story WHAT WAS YOUR PROFIT? The accuracy of the financial reporting system depends on answers to a few fundamental questions: At what point has revenue been earned? At what point is the earnings process complete? When have expenses really been incurred? During the 1990s’ boom in the stock prices of dot-com
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Morningstar Document Research FORM 10-K ORACLE CORP - ORCL Filed: June 28, 2011 (period: May 31, 2011) Annual report with a comprehensive overview of the company ® ℠ Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ⌧ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended May 31, 2011 OR � TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
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2009/2010 Singapore Airlines achieved a net profit attributable to equity holders of S$216 million for the financial year ended 31 March 2010. During the first half of the year, demand for air travel declined due to the global economic slowdown as well as the outbreak of Influenza A (H1N1). The Group recorded a net loss attributable to equity holders of S$466 million for the first half of the financial year. Despite the difficult times, the Airline did not lose sight of its commitment to delivering product
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3-31 Ron Barber, CPA, is auditing the financial statements of DGF, Inc., a publicly held company. During the course of the audit, Barber discovered that DGF has been making illegal bribes to foreign government officials to obtain business, and he reported the matter to senior management and the board of directors of DGF. a. If management and the board of directors take appropriate remedial action, should Barber be required to report the matter outside the company? If they take the appropriate
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following financial information as of December 31, 2014. Revenues during 2014—camping fees $140,000 Revenues during 2014—general store 47,000 Expenses during 2014 150,000 Accounts payable 11,000 Notes payable $ 60,000 Supplies on hand 2,500 Cash on hand 20,000 Share capital—ordinary 20,000 Original cost of equipment 105,500 Fair value of equipment 140,000 Retained earnings ? Instructions (a) Determine Bear Park’s net income for 2014. (b) Prepare a statement of financial position
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