Current and Non-Current Assets Sonia Elias ACT400 February 14, 2013 Debra Luna Abstract In accounting there are two major types of assets which include current assets and non-current asset which are used to know the solvency a company can have and the facility to pay their bills and the liquidity of it. Current and Non-Current Assets In accounting there are the major equation what it is assets equal liabilities plus stock holders equity, and this is the main equation. Assets
Words: 796 - Pages: 4
53 times and with a minor increase of 0.1% in 2013 it goes at 1.54 times. Apart from the turnover from overall assets we can see that the use of plant property and equipment has a decreasing trend from 2010 to 2013 in 2010 the rate of benefit was 1% but it dropped to 0.86% by 2013 which tells that other assets gave more and the plant property and equipment gave less benefit. Where as the capital employed for 2010 gave a return of 18% in 2011 the return was of 30% that was way too efficient but unfortunately
Words: 864 - Pages: 4
and Equivalents $3,421,000 $4,269,000 1 25% Accounts Receivable 8,319,000 8,786,000 1 6% Inventory 1,574,000 1,571,000 -1 0% Other Current Assets 1,855,000 2,132,000 1 15% Total Current Assets 15,169,000 16,758,000 1 10% Property Plant & Equipment 47,054,000 50,023,000 1 6% Goodwill 27,881,000 27,826,000 -1 0% Intangibles 12,759,000 13,355,000 1 5% Other Long-Term Assets 857,000 832,000 -1 -3% Total Assets 84,186,000 88,182,000 1 5% Liabilities
Words: 870 - Pages: 4
Auckland Chamber Fact File - Cafes and Restaurants CAFES AND RESTAURANTS If at any time you are in doubt about where to go next for business assistance, or you need further in-depth explanation on some of the organisations listed below, contact the Auckland Chamber of Commerce on 0800 242 6237. REGULATIONS Running a food outlet is a big responsibility. A mistake or problem can directly impact the health of your customers very quickly. Compliance with the relevant legislation is a crucial
Words: 1097 - Pages: 5
CGA-CANADA FINANCIAL ACCOUNTING: CONSOLIDATIONS & ADVANCED ISSUES [FA4] EXAMINATION June 2014 Marks Notes: 1. 2. 3. 4. 5. 6. 7. All calculations must be shown in an orderly manner to obtain part marks. Round all calculations to the nearest dollar. Narratives for journal entries are not required unless specifically requested. Assume a December 31 fiscal year end unless specifically stated otherwise. Assume all amounts are material unless directed otherwise. Assume all companies are public companies
Words: 7211 - Pages: 29
| Exercise 2: Martel plc Martel Plc Statement of Cash Flows Year ended: 31st December 2012 £m Cash flows from operating activities Net profit before tax 427 Adjustments for Depreciation 292 Profit on sale of plant (8) Interest expense 52
Words: 325 - Pages: 2
liabilities: Receivables Inventories Pension assets Other assets Accounts payable Pension liabilities Other liabilities Net cash provided by operating activities Cash flows from investing activities: Payments for plant and other property Proceeds from disposition of plant and other property Investment in software Purchases of marketable securities and other investments Proceeds from disposition of marketable securities and other investments Net cash used in investing activities | Fiscal Year Ended
Words: 1139 - Pages: 5
0 58 226 480 Investments In Associated Companies 4% 562 540 420 429 471 18% 494 418 805 288 292 3% 10,205 9,952 10,164 9,463 8,302 Other Investments Property, Plant And Equipment - Net Property, Plant And Equipment - Gross 7% 17,118 16,018 15,728 14,248 12,403 Land -2% 1,547 1,580 1,924 1,714 1,370 Buildings 11%
Words: 8331 - Pages: 34
ACC 290 Final Exam 1) Which financial statement is used to determine cash generated from operations? A. Income statement B. Statement of operations C. Statement of cash flows D. Retained earnings statement 2) In terms of sequence, in what order must the four basic financial statements be prepared? A. Balance sheet, income statement, statement of cash flows, and capital statement B. Income statement, capital statement, statement of cash flows, and balance sheet C. Balance sheet, capital statement
Words: 1713 - Pages: 7
purpose of resales. Some of these assets are often called “property, plant and equipment” and are usually kept for longer than one accounting period. These assets come at a considerable expense to the business, so they require adequate controls to be implemented to protect them. A suitable control system includes procedures addressing the following issues: • Purchasing of assets • Administrative controls • Property, plant and equipment register Acquisition of Assets It is pleasing that
Words: 810 - Pages: 4
