Cash Flows Bobbi Talbert XACC/291 October 25, 2014 Vaunda Davis Cash Flows The statement of cash flows gives investors and creditors more information than the other statements do. The cash flows will show you the cash receipts, cash payments, and net change in cash resulting from operating, investing, and financing activities during a specific time frame. Investors and creditors will want to see if the company has enough money to pay their debits and also have money set aside to help with
Words: 407 - Pages: 2
Alexandra Lambert Internal Controls XACC/280 May 4, 2014 Primary Goals Internal controls are in place to ensure proper financial accounting, reporting, operations, and compliance are preformed properly. Without them, chaos could ensue and many companies go bust because of failed internal controls or lack thereof. Two of the primary goals of internal controls are maintaining proper records and reports and ensure the safety of financial gains and assets in the company. Without these two, fraud
Words: 575 - Pages: 3
Financial Reporting, Part 1 XACC/290 12 May 2013 Financial Reporting, Part 1 After browsing for a publicly traded company on the Internet I decided to choose a Comcast Corporation. The reason I chose Comcast Corporation is because it is a company that has made huge stride over the last several years. I also chose a telecommunications company because my husband has worked in this industry for over 15 years. Telecommunication makes up a decent piece of the gross world product by providing
Words: 574 - Pages: 3
Liabilities Tasha Gilbert XACC/291 Melody Lott March 7, 2014 First to differentiate between and understand valuation, depreciation, amortization and depletion have to define each term. Valuation refers to the value of something; in accounting valuation is the fair market value and net depreciation. Items that are valued in accounting are usually a financial asset or a liability. An objective technique of calculating the value of company is to calculate its value based
Words: 365 - Pages: 2
Accounting Assumptions, Principles, and Constraints | XACC 280 | Amy Croall | The Financial Accounting Standards Board (FASB) has expounded policies named the Generally Accepted Accounting Principles (GAAP). The rules were recognized to make monetary reports or “fiscal statements” beneficial to users. All monetary reports must cover comparable features so making choices is simpler. The features are “relevance, reliability, comparability and consistency” (Weygandt, Kimmel, & Kieso, 2008)
Words: 362 - Pages: 2
Cash Flow Quita Myrstol 4/23/15 XACC 291 Sheila Sullivan Companies consume and produce cash in many different ways. The cash flow statement show how each individual company obtains and uses their cash. The cash flow statement is divided into three sections. These sections consist of cash flows from operations, investing, and financing. The cash flow from operations is the source of the company’s cash generation. This particular cash generation is cash flow that is produced within the
Words: 379 - Pages: 2
Direct and Indirect Cash Flows Melita Bryant XACC/291 08/26/2014 Richard Fielden Direct and Indirect Cash Flows The statement of cash flows is important to a business, it highlights the way in which a company is receiving and spending its money. This process is also complicated by the way in which the business chooses to come to the end results. While the direct and indirect methods of preparing the statement of cash flows come to the same end result, their method is a little different
Words: 603 - Pages: 3
University of Phoenix Cash Flow XACC/ 291 04/25/14 It is very important for companies to prepare statements of cash flow because it is very important for both internal and external use. External use means investors, lenders, creditors and banks. According to the chapter a “The statement of cash flows reports the cash receipts, cash payments, and net change in cash resulting from operating, investing, and financing activities during a period. The information in a statement of cash flows should
Words: 441 - Pages: 2
Internal Control Kim Ross XACC/210 April 30, 2014 Kimberly Wheele Internal Control According to PepsiCo their internal control is establishing and maintaining adequate internal control over financial reporting and terms is defined in rule 13a – 15(f) of the exchange act. The company conducted an evaluation of the effectiveness of their internal control over financial reporting based by their framework in internal control. During their fourth fiscal in 2009 they migrating certain of the
Words: 474 - Pages: 2
Accounting Information System Requirement Chris Leasure XACC/210 October 11, 2013 Accounting Information System Requirement When we are trying to develop the accounting information system effectively, we have to break the process down into phases. The system development life cycle also known as (SDLC) is made up of analysis, design, planning and investigation, implementation, maintenance phases and also follow-ups. The people that work with the accounting information systems are specially
Words: 423 - Pages: 2
