Income Statement Essays (Examples)

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Application of Financial Statement

Words: 983 Length: 3 Pages Document Type: Essay Paper #: 69252774

Financial Statement

The four financial statements are the balance sheet, income statement, statement of cash flow, and statement of owner's equity. Briefly, the balance sheet is comparison of assets to liabilities and equity. This statement is indicative of a company's position at a specific time. The income statement is a record of a company's operations over a given period of time. It shows a company's expenses, losses and revenues and is indicative of the company's net income during that period of time. The statement of cash flows is intended to provide information about a company's cash receipts and cash payments for operations, investments and financing during an accounting period. Finally, the statement of owner's equity is intended to show changes in owner's or shareholder's equity from one fiscal year to the next. Owner contributions and any additional capitol, such as the sale of new shares, are added to the equity,…… [Read More]

References

Kurtz, D.L. (2010). Contemporary Business, 13th ed. Hoboken, NJ: John Wiley & Sons Inc.

U.S. Security and Exchange Commission. (2007, February 5). Beginner's guide to financial statements. U.S. security and exchange commission. Retrieved August 24, 2012, from  http://www.sec.gov/investor/pubs/begfinstmtguide.htm 

"Uses of the income statement in financial accounting." (2010). Financial-accounting.us, Retrieved August 24, 2012, from  http://www.albany.edu/news/pdf_files/impact_of_aging_excerpt.pdf
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Profit Loss Statement Virtual Organizations & 8226 Riordan

Words: 769 Length: 3 Pages Document Type: Essay Paper #: 4559065

profit loss statement Virtual Organizations: • iordan • McBride • Kudler Describe important elements, noting means company.

Profit and Loss Statement for McBride Plc.

McBride Plc. has enjoyed a positive increase in its financial results, as it is best revealed throughout their most recent income statement. Starting at the end of the statement, where the costs are deduced from the incomes, it is revealed that the company has generated a net income in the amount of £22,000 thousands. The figures are revealed in the table below:

= in thousands GBP=

Net income

Yahoo Finance, 2012

The latest net income of McBride Plc. reveals a £5,000,000 increase comparative to the previous year (2009). In 2008, the net income had been of £12,000 thousand, and in 2007, it had been of £21,000 thousand. The latest figures as such indicate an important downfall in 2008 comparative to 2007, when the company's net income…… [Read More]

References:

Bragg, S.M., 2006, Financial analysis: a controller's guide, 2nd edition, John Wiley and Sons

Helfert, E.A., 2001, Financial analysis: tools and techniques: a guide for managers, McGraw Hill

McBride Plc., Yahoo Finance, http://uk.finance.yahoo.com/q/is?s=MCB.L&annual last accessed on June 6, 2012
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Accounting Operating Income it Typically Defined to

Words: 679 Length: 2 Pages Document Type: Essay Paper #: 28946095

Accounting

Operating income it typically defined to include all operating expenses other than depreciation and taxes (Investopedia, 2011). Because the airplanes are leased, there is no depreciation for West Coast Airlines to take into consideration anyway. The operating income is as follows:

evenue

AVG Passengers

Variable fuel

evenue/pass

Food & Beverage

F&B/pass

Fixed Lease

Ground Services

Flight Crew

Operating Income

The company right now is losing $31,012.50 on every one-way flight to Fiji.

If the company lowers the cost of the flight in order to generate an increase in volume, the operating income figures will look as follows:

evenue

Avg Passengers

Variable fuel

14000

evenue/pass

Food & Beverage

F&B/pass

Commission

Fixed Lease

53000

Ground Services

Flight Crew

Operating Income

-28924

By these figures, Fiji Air loses $28,924 per one-way flight with the lower ticket price and the higher average number of passengers. The bigger issue is that even under this…… [Read More]

References:

Investopedia. (2011). Operating income. Investopedia. Retrieved February 8, 2012 from  http://www.investopedia.com /terms/o/operatingincome.asp#axzz1lna6LUYy

No author. (2012). Break-even point. Accounting Coach.com. Retrieved February 8, 2012 from http://www.accountingcoach.com/online-accounting-course/01Xpg01.html
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Financial Statements by Business Entities The Purpose

Words: 1399 Length: 3 Pages Document Type: Essay Paper #: 72245081

financial statements by business entities. The purpose of this is so that one can understand about the business cash, how the business acquired or generated it, how it was used and in what ways and tomorrow's business plans, financial position of a business, performances and its position. The paper will go ahead to analyze if there is any significance of cash for the survival of a business and the impacts of the various financial sets. The arguments that will prevail will be based on the importance of the different financial statements to a business survival.

Cash is a crucial constituent of a business and I do agree that a business cannot survive without it. 'As a matter of fact the main aim and goal of a business is to generate cash and profits not only in the short run but also in the long-term.' (Minnery, 2006) Every business has everyday…… [Read More]

Works Cited

Elliot.B, 2005, Financial Accounting and Reporting; Financial Times/Prentice Hall, United Kingdom

Graham B. 1998, The Interpretation of Financial Statements Harper Business, amazon

Minnery.B. 2006, 'Don't question the importance of cash flow' The independent, viewed date 28 May 2006, www.independent.co.uk

MoneyInstructor.com. 2009, The importance of cash flow statement; viewed; Aug 19, 2009 www.moneyinstructor.com/doc/importance....
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Accounting the Role of Financial Statements in

Words: 906 Length: 3 Pages Document Type: Essay Paper #: 39784246

Accounting

The role of financial statements in investing is that they provide a consistent format that can be used by potential investors and other stakeholders to evaluate a company. There are several components that facilitate this happening. For publicly-traded firms, Generally Accepted Accounting Principles (GAAP) play a key role in the creation of financial statements. GAAP is a common set of accounting principles and procedures that companies use to compile their financial statements (Investopedia, 2012). ith companies having to produce their statements according to a common set of criteria, the information is easier to compare not only between different years at the same company, but also against other firms in the industry and all other publicly-traded firms.

The IFRS is essentially the international version of GAAP. Financial statements in many countries, especially those in Europe, are produced according to IFRS. There are a many areas where GAAP and IFRS diverge,…… [Read More]

Works Cited:

AICPA. (2011). International financial reporting standards (IFRS): An AICPA backgrounder. AICPA. Retrieved March 22, 2012 from  http://www.ifrs.com/pdf/IFRSUpdate_V8.pdf 

Beiersdorf 2011 Annual Report. Retrieved March 22, 2012 from  http://www.beiersdorf.com/GetFile.ashx?id=3243 

Investopedia (2012). Generally Accepted Accounting Principles (GAAP). Investopedia. Retrieved March 22, 2012 from  http://www.investopedia.com /terms/g/gaap.asp#axzz1pmKm2c8C

Revlon Fiscal Year 2011 Form 10-K. Retrieved March 22, 2012 from http://services.corporate-ir.net/SEC/Document.Service?id=P3VybD1odHRwOi8vaXIuaW50Lndlc3RsYXdidXNpbmVzcy5jb20vZG9jdW1lbnQvdjEvMDAwMTE5MzEyNS0xMi0wNjUzMTAvZG9jL1JldmxvbkluYy5wZGYmdHlwZT0yJmZuPVJldmxvbkluYy5wZGY=
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Financial Statements Are the Income

Words: 530 Length: 2 Pages Document Type: Essay Paper #: 42018096



The statement of cash flows separates out the cash flows from the non-cash flows on the income statement. This gives the reader a better indication of the cash position of the company, rather than the position with regards to accounting profit. The statement of cash flows separates cash flows into three categories -- operations, investing and financing. This can help analysts to determine where profits and changes in cash position come from -- do they come from successful operations or from other activities.

The statement of changes to owner's equity explains the changes in retained earnings. It illustrates how the company's activities over the period have impacted the value of the owners' stake in the firm.

These statements are all interrelated. The income statement and the statement of cash flows work together to explain not just profits but the sources of positive and negative cash flows. The statement of changes…… [Read More]

Works Cited:

No author. (2007). The 4 financial statements. QuickMBA.com. Retrieved November 23, 2009 from  http://www.quickmba.com/accounting/fin/statements/
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Tesco Financial Statements Financial Statements

Words: 1399 Length: 5 Pages Document Type: Essay Paper #: 97820910

Using these different techniques reveals different information about the company. So for example we know that Tesco earned £67.6 billion in revenue last year, and that this is an increase of 8.1% over the previous year. This is the top line number; we can see that the bottom line number is £3.8 billion, an increase of 11.7% from the year before. This basic analysis reveals that the company has increased its revenues faster than it costs. This is valuable information for all types of stakeholders. Investors find such facts reassuring. Unionized workers may see an opportunity to take their share of the increased profits, and customers may be upset that the company is earning higher margins from them, although it is hard to see where margins might come from on a 19p can of tomatoes.

The balance sheet is used to understand Tesco's financial condition. The assets, liabilities and equity…… [Read More]

Works Cited:

Grant Thornton. (2011). The future of UK GAAP. Grant Thornton. Retrieved November 22, 2011 from http://www.grant-thornton.co.uk/services_/audit_and_assurance_x/the_future_of_uk_gaap-1.aspx

Investopedia. (2011). Efficient market hypothesis. Investopedia. Retrieved November 22, 2011 from  http://www.investopedia.com /terms/e/efficientmarkethypothesis.asp

SEC. (2007). Beginner's guide to financial statements. Securities and Exchange Commission. Retrieved November 22, 2011 from  http://www.sec.gov/investor/pubs/begfinstmtguide.htm 

Tesco 2011 Annual Report. Retrieved November 22, 2011 from http://ar2011.tescoplc.com/
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Financial Statements Hawaiian Airlines 3 Years Access

Words: 1524 Length: 6 Pages Document Type: Essay Paper #: 774290

financial statements Hawaiian Airlines 3 years. Access information contained Hawaiian Airlines balance sheet income statement calculate: • Liquidity ratios o Current ratio o Acid-test, quick, ratio o eceivables turnover o Inventory turnover • Profitability ratios o Asset turnover o Profit margin o eturn assets o eturn common stockholders' equity • Solvency ratios o Debt total assets o Times interest earned Show calculations ratio

Hawaiian Airlines Financial Analysis

Hawaiian Airlines is a relatively small airline operator at a global level, being the 11th by size in its own country. Still, the notable element about the company is that it is the flag carrier, which virtually means that the company receives governmental support in order to conduct its operations (Bennett, 2006). Hawaiian Airlines is an integrant party of the larger company Hawaiian Holdings, which has placed itself within the market as the company ensuring a quick access to a good time in…… [Read More]

References:

Bennett, S. (2006). A sociology of commercial flight crew. Ashgate Publishing

Cento, A. (2008). The airline industry: challenges in the 21st century. Springer (2012). Investopedia.  http://www.investopedia.com  accessed on October 4, 2012

Website of Hawaiian Airlines, http://www.hawaiianairlines.com / accessed on October 4, 2012
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Financial Statements Generally Accepted Accounting

Words: 1696 Length: 5 Pages Document Type: Essay Paper #: 69151827



MICOSOFT: No terrorist is going to try to blow up Microsoft; no oil products are needed to run computer hardware and software; computers run the world of commerce; and Bill Gates owns a huge percentage of all things computer software-related, so the Microsoft steamroller is a great investment and not as vulnerable to world conditions as are the first two companies reviewed in this section.

One final conclusion: for EXXONMOBIL, albeit their fortunes can change because of the war and oil's vulnerability to war, their earnings for the 4th quarter of 2004 were their highest ever ($8,420 million), and they have friends in the White House in Bush and Cheney, so their financial picture remains very bright; for FOD, they experienced a $5 billion pre-tax profit from their "financial services" (auto loans) division, which is very impressive; moreover, car sales are booming and Ford will, in the near future, realize…… [Read More]

References

AllBusiness (2005). What Are Generally Accepted Accounting Principles? Retrieved February 8, 2005, at http://www.allbusiness.com/articles/content/17954.asp.

Anderson, Curt. (2005). Microsoft Reports Record Revenue and Earnings. Retrieved February 9, 2005 from Microsoft Investor Relations Web site: http://www.microsoft.com/msft.

Bruebaker, Gary H. (1999). A Question of Value. Government Finance Review, 15(3),

Ensman, Richard G. (1999). Accrual Basis vs. Cash Basis Accounting. Doors and Hardware, 63(10), 20-22.
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ABC 123 Version X Financial Statement Review Acc 561

Words: 938 Length: 2 Pages Document Type: Essay Paper #: 88311093

ABC/123 Version X

Financial Statement Review

ACC/561 Version

al-Mart's Financial Statement Review by Ellen Talley

hat is the net income for the current fiscal year?

Is it up or down from the prior year?

hy would this information be important to investors?

hat is the ending balance in stockholders' equity?

hy would a labor union potentially be interested in this information?

hat is the total value of assets?

hy would this information be important to a potential creditor?

hat is the total cash flow from operation?

hat financial statement user would find this information most important?

alMart's Income Statement

alMart's Stockholder Equity

alMart's Statement of Cash Flows

alMart's Full Balance Sheet

orks Cited

hat is the net income for the current fiscal year?

The net income per for the current fiscal year per Yahoo Finance is 16.999 billion after taxes and interest and such. This is on a net sales…… [Read More]

Works Cited

 http://finance.yahoo.com/q/ks?s=WMT+Key+Statistics 

http://stock.walmart.com/annual-reports http://finance.yahoo.com/q/bs?s=WMT+Balance+Sheet&annual  http://finance.yahoo.com/q/cf?s=WMT 

http://finance.yahoo.com/q/is?s=wmt+Income+Statement&annual

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Amd Financial Statements Advanced Micro

Words: 1263 Length: 3 Pages Document Type: Essay Paper #: 12300018

The reduction in liabilities represents a move to reduce financial leverage in a period of tightening credit and risk profiles. The cash build-up too is an assertive move to combat liquidity concerns and build structural soundness to the balance sheet. AMD management implicitly understood that their internal financial condition was threatening to unravel the company with stagnant revenues and bloated expenses. As such the repositioning of AMD to take advantage of new revenue opportunities in their fusion process technology was an important step. Add to this a streamline of operations to improve the income statement, a strengthening of the balance sheet through targeted asset increases and strategic debt reductions; and the result are 2010 financial statements which show AMD "achieved many financial milestones: increasing revenue 20% year-over-year, restructuring the balance sheet, reducing overall debt, improving gross margin and delivering positive adjusted non-GAAP free cash flow" (AMD Annual eport. 2010)

atios…… [Read More]

References

Advanced Micro Devices. AMD. (2009). 2009 Annual Report. Advanced Micro Devices.

Retrieved September 19, 2011 from http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MzI2ODh8Q2hpbGRJRD0tMXxUeXBlPTM=&t=1

Advanced Micro Devices. AMD. (2010). 2010 Annual Report. Advanced Micro Devices.

Retrieved September 19, 2011 from http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9ODUyNDV8Q2hpbGRJRD0tMXxUeXBlPTM=&t=1
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Financial Statements in This Text

Words: 613 Length: 2 Pages Document Type: Essay Paper #: 37155782

Balance sheet items can also be used by investors to determine the financial health of a given company. This can be done through the analysis of the relevant financial ratios including but not limited to liquidity ratios.

4. The Cash Flow Statement

Of the financial statements discussed in this text, the cash flow statement is typically the last financial statement prepared. A cash flow statement in the opinion of Cunningham et al. (2011) "shows the changes in a business' cash during an accounting period by listing the cash inflows and outflows from its operating, investing and financing activities..."

easons for Preparing the Financial Statements in the Order Above

One of the main reasons why financial statements have to be prepared in a prescribed logical order has got to do with the need to transfer some pieces of information from one financial statement into the next. In this case, entries in…… [Read More]

References

Cunningham, B., Nikolai, L.A., Bazley, J., Kavanagh, M., Slaughter, G. & Simmons, S. (2011). Accounting: Information for Business Decisions. South Melbourne, Victoria Australia: Cengage Learning.

Porter, G.A. & Norton, C.L. (2010). Financial Accounting: The Impact on Decision Makers (7th ed.). Mason, OH: Cengage Learning.
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Investor Information Financial Statements Are the Primary

Words: 623 Length: 2 Pages Document Type: Essay Paper #: 76288089

Investor Information

Financial statements are the primary way for an investor, creditor, and other financial statement users to evaluate a company's financial performance, financial stability, profitability, and net worth to determine whether putting investments in the company would provide profitability and adequate return on investments (Way, 2013). Financial statements are also a way for managers to communicate achievements in performance to potential investors and creditors. The various statements brings various information components in the determination of evaluating companies for potential investments.

In evaluating Apple, Inc., the Income Statement shows net income for 2012 at $41,733 million (Form 10-K, 2012), up from $25,922 million in 2011. The income statement reports sales, expenses, and profits or losses. This is important to an investor because it shows results from operations in how profitable a company has been for the particular period. y evaluating present results against past performance, investors can assess for uncertainty…… [Read More]

Bibliography

Form 10-K. (2012, Sept 29). Retrieved from Apple, Inc.: http://files.shareholder.com/downloads/AAPL/25...21359901x0xS1193125-12-444068/320193/filing.pdf

Way, J. (2013). What is the importance of a company's financial statements? Retrieved from Chron:  http://smallbusiness.chron.com/importance-companys-financial-statements-21332.html
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Financial Statements as We Learned

Words: 584 Length: 2 Pages Document Type: Essay Paper #: 33687668

Companies use the income statement to show how successful the company is during specific time frames. Investors often want to know how much money is being brought in, they want to know that the company has enough funds to pay the operating expenses and any liabilities the company has.

Those same investors oftentimes wish to receive dividends on their shares of stock. They can ascertain whether the company has the means to do this by perusing the retained earnings statement. The retained earnings statement shows how much money the company has paid out, as well as how much the company has kept for future growth. If investors wish to buy a company that is going to be a strong growth company, then retained earnings is important because it will show that the company has the funds to do so.

A company's cash flow is a high priority to bankers, venture…… [Read More]

References

The Book ***

Weinstock, M.; (2008) Where Main Street & Wall Street cross, Hospitals & Health Networks, Vol. 82, No. 6, pg. 41
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Owner's Equity Statement Is a

Words: 549 Length: 2 Pages Document Type: Essay Paper #: 77617237

It helps a company understand its capabilities and plan for future budgeting strategies. In order to understand the cash flow, one must be able to conduct appropriate forecasting through thorough cash flow projections. These are done through a number of ways. One is by examining a company's receipts and disbursements directly. This is appropriate for short-term forecasting, normally of about 30 days. Additionally, there is adjusted net income, where the initial operating income is added or subtracted from the balance sheet changes. Another way to the pro-forma balance sheet, where the cash account is the primary mode of analyzing forecasting numbers. Finally, there is the accrual reversal method, where major accruals are reversed in order to statistically understand cash flows.

Session 4

Profit is incredibly important within all aspects and industries of business. Profit allows a company to find financial stability, therefore allowing it to evolve and grow. Essentially, a…… [Read More]

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Components of Landry's Restaurants' Income

Words: 666 Length: 2 Pages Document Type: Essay Paper #: 45253312



The second part of Landry's alance Sheet shows all financing methods such as liabilities and shareholders' equity. Current liabilities are $1,186,083,456. Liabilities consist of current liabilities, long-term notes, net of current portion, deferred taxes, and other liabilities. Total current liabilities are further broken into components such as accounts payable, accrued liabilities, income taxes payable, current position of long-term debt and other obligations, and liabilities related to discontinued operations. The company also reports commitments and contingencies.

Lastly, total stockholders' equity (assets minus liabilities) for Landry's is shown as $316,899,073.

c) How much did they spend on property and equipment additions? Which financial statement did you find this information? What are the components of this financial statement?

Landry's reports spending on property and equipment additions as -$122,997,511. This is reported on the Statement of Cash Flows. Cash Flows are divided into three components, cash flows from operating activities, cash flows from investing…… [Read More]

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Business Financial Statements

Words: 1419 Length: 5 Pages Document Type: Essay Paper #: 17472719

In order to refer to this, we need to mention that the cash flow statement for the year generally reflects three different cash flow positions or categories: cash flows from operating activities, cash flows from investing activities and cash flows from financing activities. I have discussed the interrelationship between the cash flow from operating activities and the balance sheet. The other two categories are also reflected in the balance sheet.

Indeed, the company may invest during the financial year in fixed assets, such as property or equipment. The negative difference reflected on the statement of cash flows will be noted as an increase in the total asset value on the balance sheet, that is, an increase in the value for "property, plant and equipment."

This is the same for the cash flows from financing activities, which are strictly connected to the "liabilities and owners' equity" fields on the balance sheet.…… [Read More]

Bibliography

1. Halpern, Paul; Weston, Fred; Brigham, Eugene. Canadian Managerial Finance. Dryden, Fourth Edition. 1994

2. www.apec.umn.edu/faculty/gpederso/PPTLectures/Lecture_2.ppt

3.  http://www.investorwords.com/769/cash_flow_statement.html 

4. Business Owner's Toolkit. On the Internet at http://www.toolkit.cch.com/text/P06_7040.asp
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Financial Statements Importance of Financial Statements the

Words: 1304 Length: 4 Pages Document Type: Essay Paper #: 88097139

Financial Statements

Importance of Financial Statements

The Importance of Accurate Financial Statements to Outside Business Interests

The four financial statements are the balance sheet, income statement, statement of cash flow, and statement of owner's equity. All of these statements are interactive even though they each serve a unique purpose. They are intended to assess the health of a business and their accuracy is vitally important to investors, creditors and other outside interests. The income statement, statement of cash flow, and statement of owner equity, close out at the end of each year. The balance sheet amounts are carried over from year to year (Kurtz, 2010).

Discussion

Both internal and external entities use these statements in order to inform the decision making process. These documents provide pertinent information on the financial position (balance sheet), profitability (income statement), and operating, investing, and financing activities (statement of cash flow and statement of owners…… [Read More]

References

"Cash vs. accrual accounting." (2000). Inc. Nolo.com Inc. Retrieved September 27, 2012, from  http://www.inc.com/articles/2000/04/19194.html 

Horngren, C.T., Harrison W.T., & Oliver, M.S. (2012). Accounting (9th ed.). Upper Saddle River, NJ: Pearson Prentice Hall.

Kurtz, D.L. (2010). Contemporary business, 13th ed. Hoboken, NJ: John Wiley & Sons Inc.

Lasher, W.R. (2008). Practical financial management (5th ed.). Mason, OH: Thomson South-Western.
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Accounting Process and Financial Statements A Reliable

Words: 1533 Length: 5 Pages Document Type: Essay Paper #: 62404570

Accounting Process and Financial tatements.

A reliable internal system of accounting is an essential element of a solvent profit or nonprofit business entity. By recording virtually every business activity or endeavor, with regards to the creation of monetary inflows of sales revenue and monetary outflows of expenses resulting from operating activities; an accounting system should provide the financial information needed to evaluate the profitability or effectiveness of past and operations. Along with maintaining data for reporting purposes, an effective accounting system will effectively report the status of asset resources, creditor liabilities, and ownership equities of the business entity. With today's rapid and ever expanding technological developments have lead to increasing operating speeds, convenient data storage capabilities, reliability and significantly reduced costs.

Historically, maintaining an effective accounting system involved extensive manual labor which was described as tedious, aggravating, and time exhaustive. Recording transactions, adding subtracting, summarizing, and checking for errors were…… [Read More]

Sources

BASIC FINANCIAL ACCOUNTING REVIEW: media.wiley.com/product

Smith; Outlines & Highlights for Financial Accounting Basics. AIPI; 3 edition (October 19, 2006).

Stickney, Clyde P., Weil, Roman L.; Financial Accounting: An Introduction to Concepts Methods, and Uses. South-Western College Pub; 10 edition (July 2, 2002).

Maher, Michael W., Stickney, Clyde P., Weil, Roman L.; Managerial Accounting: An Introduction to Concepts, Methods and Uses. South-Western College Pub; 10 edition (March 13, 2007)
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Financial Skills Financial Statements Financial

Words: 809 Length: 3 Pages Document Type: Essay Paper #: 36767976

If on the other hand, the individual asks his friend to return the money, he can place it in an investment with a 15% interest rate and, by the end of the year, the $10 will be worth $11.5. In this order of ideas, we come to the realization that having money now is more valuable than having it in the future as, through time, money has the ability to multiply, if wisely invested.

Q11 -- Cash Budgeting

Cash budgeting is a complex process, with a simple definition however. It sees that organizational managers conduct an analysis and estimation of the cash which is expected to enter and leave the organization. The process refers to "an estimation of the cash inflows and outflows for a business or individual for a specific period of time. Cash budgets are often used to assess whether the entity has sufficient cash to fulfill regular…… [Read More]

References:

Moffatt, M., 2009, Recession? Depression? What is the Difference? About, http://economics.about.com/cs/businesscycles/a/depressions.htm last accessed on August 27, 2009

2009, Cash Budget, Investopedia,  http://www.investopedia.com /terms/c/cashbudget.asp last accessed on August 27, 2009
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Accounting and Financial Statements the Purpose of

Words: 655 Length: 2 Pages Document Type: Essay Paper #: 18444944

Accounting and Financial Statements

The purpose of accounting is to provide managers with the information they need to evaluate the liquidity of an organization. The balance sheet, income statements, statement of owner's equity, and statement of cash flows are financial statements that provide a basis on which managers, investors and creditors can make decisions. Of the four financial statements only the balance sheet, whose amounts are carried over from year to year, is considered to be a permanent statement. The income statement, statement of owners' equity, and statement of cash flows close out at the end of each fiscal year and are considered temporary. David Kurtz (2010) describes each of the four financial statements and their individual purpose.

The Balance Sheet

The balance sheet is based on the following accounting model: assets equal liabilities plus equity. A company's balance sheet reflects its position on a specific date. The picture it…… [Read More]

References

Kurtz, D.L. (2010). Contemporary Business, 13th ed. Hoboken, NJ: John Wiley & Sons Inc.
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Walmart Corporation Mission and Vision Statement Analysis

Words: 1450 Length: 5 Pages Document Type: Essay Paper #: 71718077

WalMart Corporation

Mission and Vision tatement Analysis

Linking Wal-Mart's Mission and Vision to Their trategic Goals and Objectives

Assessing the Link Between Wal-Mart's Financial Performance And Its trategic Goals

Wal-Mart Competitive and Marketing Analysis

Wal-Mart Marketing Analysis

Potential Wal-Mart Merger & Acquisition trategy

Incentive and Reward trategies for Wal-Mart Employees

Evaluating How Current trategies Define Ethicacy Levels at Wal-Mart

Wal-Mart Ratio Analysis

Income tatement Analysis, 2007 -- 2012

Analysis of WalMart Corporation

Mission and Vision tatement Analysis

All internal systems, processes, external stakeholder management initiatives, supply chain management, sourcing, quality management and merchandising initiatives in WalMart revolve around the fulfillment of the expectations they create with their customers daily. Their Low Price Everyday (LPED) value proposition permeates their entire value chain, galvanizing it around the mission of delivering exceptional value on a consistent basis to customers. The mission and vision of WalMart rely on LPED as the catalyst and unifying…… [Read More]

Sources: (Wal-Mart, 2012) (Sodhi, Son, 2009) (Gosman, Kohlbeck, 2009)

Selecting the Best Possible Strategy for Maximizing Return to Shareholders

For WalMart to deliver the greatest potential value to shareholders, they need to pursue a mid-tier market strategy that differentiates store product
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Wal-Mart Corporation Mission and Vision Statement Analysis

Words: 4775 Length: 12 Pages Document Type: Essay Paper #: 23416857

Wal-Mart Corporation

Mission and Vision Statement Analysis

Linking Wal-Mart's Mission and Vision to Their Strategic Goals ands Objectives

Assessing the Link Between Wal-Mart's Financial Performance And Its Strategic Goals

Wal-Mart Competitive and Marketing Analysis

Wal-Mart Marketing Analysis

Selecting An Appropriate Strategy (low cost, differentiation or niche) For Maximizing Organization's eturn on Shareholders

Potential Wal-Mart Merger & Acquisition Strategy

Incentive and eward Strategies for Wal-Mart Employees

Evaluating How Current Strategies Define Ethicacy Levels at Wal-Mart

Wal-Mart atio Analysis

Income Statement Analysis, 2007 -- 2011

Wal-Mart Capstone Analysis

Mission and Vision Statement Analysis

The foundations of the Wal-Mart value chain and its global success is predicated on how well this company aligns every internal system and strategy to their unique value proposition of Low Price Everyday (LPED) leadership. This unique value proposition galvanizes the mission and vision statement of Wal-Mart and is one of the foundations of their success and continued growth.…… [Read More]

References

Nabil Alghalith (2005). Competing with IT: The UPS Case. Journal of American Academy of Business, Cambridge, 7(2), 7-15.

Jonathan Birchall. (2009, October 23). Walmart set to focus on growth outside U.S.. Financial Times,16.

Susan Christopherson 2007. Barriers to 'U.S. style' lean retailing: the case of Wal-Mart's failure in Germany. Journal of Economic Geography: Transnational Retail, Supply Networks, and the Global 7, no. 4 (July 1): 451-469.

Richard De Santa. (1998, January). Technology. Supermarket Business, 53(1), 18.
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Starbucks financial'statement analysis

Words: 860 Length: 2 Pages Document Type: Essay Paper #: 51020076

Starbucks 2014 Annual Report

Income Statement

Net Revenues

Cost of sales

Gross margin

Store operating expenses

other operating expenses

D & A Exp

G&A Exp

Litigation Charge

#DIV/0!

Total Operating Expenses

Income from Equity Investees

Operating Income

Interest income

Interest Expense

Earnings before taxes

Income tax expenses

Net Earnings

The vertical analysis shows some interesting things. First that the bottom line reveals basically nothing -- the net income in 2013 is entirely a reflection of the litigation charge for a lawsuit the company lost. So to understand the actual trend in the business one needs to look at the other line items.

Top line revenue is increasing at a fairly rapid rate, up 10% in 2014 and almost 12% in 2013. This reveals that Starbucks in this period was in a period of steady, rapid growth. The growth was spread across different business units as well, indicating a healthy broad-based…… [Read More]

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Effect of Financial Statement

Words: 837 Length: 3 Pages Document Type: Essay Paper #: 8365179

inventory valuation?

Measuring inventory effectively is paramount in keeping financial statements of a company up-to-date. Inventories represent a large proportion -in most companies- of short-term assets on the balance sheet. If valuation method is not prudent the assets and shareholder's equity will be over or underrepresented on the balance sheet. This will give an inaccurate picture of financial statements on which an investor based his financial decisions on.

Why does the Canada Customs and Revenue Agency not allow companies to use LIFO when calculating Net Income for Income tax purposes?

In economies with high inflation and industries with rising prices using LIFO inventory system, new sales will be matched against higher production costs, therefore net income will be lowered. The cost of goods sold will be higher and inventory value is consequently lower on the books. Organizations can manipulate the inventory method to lower tax liability.

What would happen to…… [Read More]

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Financial Statements of Barnes and Noble and

Words: 647 Length: 2 Pages Document Type: Essay Paper #: 72367576

financial statements of Barnes and Noble and Borders Group for fiscal year 2009. The companies' statements provide information about their financial health, as well as discuss plans for the coming fiscal year.

The balance sheet reveals detailed information about each company's assets, liabilities and owners' equity (net worth). It is based on the accounting equation Assets = Liabilities + Stockholders' Equity; the two sections of the balance sheet must equal each other just as they do in the equation. This equation represents the basic accounting premise: assets, the means used to operate the company, are balanced by a company's financial obligations, along with the equity investment brought into the company along with its retained earnings (Investopedia, n.d.).

As both the Barnes and Noble and Borders Group statements show, there are four main financial statements:

The balance sheet, which shows what a company owns and what it owes at a fixed…… [Read More]

Works Cited

Investopedia Staff (n.d.). Reading the Balance Sheet. Retrieved on 4/6/2011 from  http://www.investopedia.com /articles/04/031004.asp

U.S. Securities and Exchange Commission. 2007. Beginners' Guide to Financial Statements. Retrieved on 4/6/2011 from  http://www.sec.gov/investor/pubs/begfinstmtguide.htm 

Investor Dictionary, (n.d.). Off-balance sheet activities. Retrieved on 4/6/2011 from  http://www.investordictionary.com/definition/off-balance-sheet-activities 

Siegel, J.G., & Shim, J.K. (2006). Barron's Accounting Handbook. New York: Barron's Educational Series.
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Red Hat's Financial Statements Reveals

Words: 577 Length: 2 Pages Document Type: Essay Paper #: 50286173

J. Heinz Company

Strengths: it is short and concise; it is constructed in a formal means which also uses specialized language to promote the company's commitment to customers and employees.

Shortcomings: it lacks an introduction and it does not mention the well-being of other categories of stakeholders aside customers and employees

(5) Chevron

Strengths: offers detailed input on the company's visionary goals; includes several categories of stakeholders

Shortcomings: it is rather long and too detailer, creating as such the possibility for the reader to lose interest and not remember what he read; seems explicative and responsive to the criticism of environmental threats to which the company has been subjected.

ank of vision statements from best to worst: I (4); II (1); III (2); IV (5); V (3)

eferences:

ed Hat 2009 Annual eport, http://files.shareholder.com/downloads/HAT/763006950x0x304106/3145E646-AE56-4FE1-9C59-B79F4491C4C5/FY09_Annual_eport_on_Form_10-K.pdf last accessed on November 2, 2009

2009, ed…… [Read More]

References:

Red Hat 2009 Annual Report, http://files.shareholder.com/downloads/RHAT/763006950x0x304106/3145E646-AE56-4FE1-9C59-B79F4491C4C5/FY09_Annual_Report_on_Form_10-K.pdf last accessed on November 2, 2009

2009, Red Hat Website, http://www.redhat.com last accessed on November 2, 2009
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Apple and Google Interpretation of Financial Statement

Words: 544 Length: 2 Pages Document Type: Essay Paper #: 95666936

Apple and Google: Interpretation of Financial Statement Changes

Based on the computations presented in Table 1, Apple comes across as being the best performer. My assertion is in this case largely based on the changes in the revenue figure. In the two years under consideration, the company registered a 66% increase in revenues. The enhanced revenue could in this case be an indicator of enhanced sales as a result of aggressive marketing or new product launch. An increase in unit selling price of the company's products could also have contributed to the change in revenue. Google on the other hand managed to increase its revenues by 29% within the same period. It is however important to note that in each case, the cost of goods sold also increased significantly.

From a managerial perspective, the information derived from the computations and comparisons in Table 1 are useful for a number of…… [Read More]

References

Duchac, J.E., Reeve, J.M. & Warren, C.S. (2006). Financial Accounting: An Integrated Statements Approach (2nd ed.). Mason, OH: Thomson Higher Education.

Yahoo Finance. (2012). Apple Inc. (APPL)-NasdaqGS. Retrieved October 24, 2012, from Yahoo Finance website: http://finance.yahoo.com/q/is?s=AAPL+Income+Statement&annual

Yahoo Finance. (2012). Google Inc. (GOOG)-NasdaqGS. Retrieved October 23, 2012, from Yahoo Finance website: http://finance.yahoo.com/q/is?s=GOOG+Income+Statement&annual
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Accounting and Financial Statements Non-Profit

Words: 824 Length: 2 Pages Document Type: Essay Paper #: 81533805

As a customer, I will expect quality services from BDO.

Mutual funds portfolio turnover is one of the easily explained investment qualities for investors. While expressed as percentages, it shows the portion of securities in the fund's portfolio of those sold and bought in a year. All these information is found in the reports and financial statements we present. When the lower percentage figure is reported, it will equate to a long portfolio-holding period. For example, if the turnover is 10% it means that the portfolio would be reconstituted after five years. On the other hand, when the turnover is 100% the portfolio will be reconstituted in one year. I will select one with 100% turnover because it can be reconstituted in a period of only one year (Feldman & Libman, 2011, p. 43). This will be economical and profitable instead of waiting for a long period to be reconstituted.…… [Read More]

References

Feldman, M. & Libman, a. (2011) Crash Course in Accounting and Financial Statement Analysis. Brooklyn, NY: John Wiley & Sons.

Epstein, L. (2012). The Business Owner's Guide to Reading and Understanding Financial Statements: How to Budget, Forecast, and Monitor Cash Flow for Better Decision Making. Brooklyn, NY: John Wiley & Sons
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How the Different Accounting Methods Can Affect a Taxpayers Income

Words: 589 Length: 2 Pages Document Type: Essay Paper #: 22809053

Accounting Methods and Taxpayer Income

Depending on the type and size of company you own, the methods used to conduct your business accounting can vary greatly, and these differences may have significant impact on the eventual amount of income declared to the Internal evenue Service when you file taxes. Sole proprietors and small business owners who have not fully incorporated typically rely on cash-basis accounting, which is the "major accounting method that recognizes revenues and expenses at the time physical cash is actually received or paid out" (Investopedia, 2011). Using this accounting technique is simpler for small businesses that operate on a local level, and allows the business owner to avoid the costs of hiring a professional bookkeeper. Cash-basis accounting also leads to a greater degree of manipulation, in the form of "under-the-table" payments, handshake agreements and deliberate fabrication of expenses. Large companies and corporations opt for the second major…… [Read More]

References

Accrual accounting (2010, May 09). Forbes Financial Glossary, Retrieved from http://www.forbes.com/sites/forbesfinancialglossary/2011/07/12/accrual-accounting/

Cash basis accounting. (2011, June 21). Investopedia, Retrieved from  http://www.investopedia.com /terms/c/cashbasis.asp?partner=forbes-pf
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Financial Statements of Marriott Hotels and Discusses

Words: 1322 Length: 4 Pages Document Type: Essay Paper #: 6787111

financial statements of Marriott Hotels and discusses measurement bases they employ. The essay also surveys the literature for current thinking on fair value measurement.

According to the International Financial Reporting Standards (IFRS), measurement "involves assigning monetary amounts at which the elements of financial statements are to be recognized and reported" (Deloitte, 2011). Accounting measurement consists of quantifying financial information in dollars or units. These measurements are then used to report information to internal and external users through the use of financial statements that accountants prepare. Financial accounting measurements may be recorded at historical cost or adjusted to reflect current market values (Conjecture Corporation, 2011).

Generally Accepted Accounting Principles (GAAP) require companies to record balance sheet information using a fair value accounting measurement. Companies must therefore use this measurement technique to value assets and equity investment at the current market rate which thee items would bring if they sold in an…… [Read More]

Works Cited

Barth, M.E. (2006). Including estimates of the future in today's financial statements. BIS Working Paper No. 28. Available at SSRN: http://ssrn.com/abstract=947525

Cairns, D. (2006). The use of fair value in IFRS. Accounting in Europe 3, 5-22. Available at:

ftp://124.42.15.59/ck/2011-03/165/027/066/423/The%20Use%20of%20Fair%20Value%20in%20IFRS..pdf

Conjecture Corporation. (2011). What is an accounting measurement? Retrieved August 30, 2011 from:  http://www.wisegeek.com/what-is-an-accounting-measurement.htm
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Health Management and Financial Statements Describe the

Words: 558 Length: 2 Pages Document Type: Essay Paper #: 23146347

Health Management and Financial Statements

Describe the four basic financial statements. What are some ways in which accounting for health care organizations (HCOs), especially not-for-profit (NFP) ones, tends to differ from accounting in other industries?

According to the textbook Essentials of Health Care Finance, "the primary outputs of financial accounting are four financial statements that detail the organization's current financial position and how the organization reached that position over some period of time (usually 1 year)" (Cleverley, Song & Cleverley, 2012). These four financial statements are 1.) Balance Sheet, 2.) Statement of Operations (or income statement or statement of revenues and expenses), 3.) Statement of Cash Flows, and 4.) Statement of Changes in Net Assets (or statement of changes in net assets). Health care organizations (HCOs) utilize each of these four financial statements under guidelines known as the Generally Accepted Accounting Principles (GAAP) to ensure an accurate financial accounting of…… [Read More]

References

Cleverley, W., Song, P., & Cleverley, J. (2012). Essentials of health care finance. Jones & Bartlett Learning.

Friedman, M. (2013, September 16). Groups trying to make hospital prices clear. Arkansas Business. Retrieved from  http://www.arkansasbusiness.com/article/94632/groups-trying-to-make-hospital-prices-clear
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Analyzing Financial Statement Analysis

Words: 1176 Length: 3 Pages Document Type: Essay Paper #: 43568694

Financial statements are essential in measuring and assessing the real financial strength and position of a company. These financial statements provide quantifiable data for reports and help an individual to obtain an understanding of a company's forthcoming forecasts and risks (Weygandt et al., 2008). The purpose of this paper is to review the financial statement of Doctors Hospital in the two years 2013 and 2014 and analyze these financial statements and its financial well-being. In addition, the paper will outline the role played by advanced practice nurses in the financial welfare of the organization.

Implications of Economics for Advance Practice Nurses. The ole of the Advance Practice Nurses in the Financial Wellbeing of Healthcare Organizations

In general, very minimal studies have been undertaken in the United States regarding cost effectiveness and economic impact of primary care delivered by advanced practice nurses. esults from different research studies indicate that, on the…… [Read More]

References

Baker, H. K., Powell, G. E. (2005). Understanding Financial Management: A Practical Guide. United Kingdom: Blackwell Publishing.

Hughes, R. G., & O'Grady, E. T. (2008). Advanced practice registered nurses: The impact on patient safety and quality. In Naylor, M. D., & Kurtzman, E. T. (2010). The role of nurse practitioners in reinventing primary care. Health Affairs, 29(5), 893-899.

Naylor, M. D., & Kurtzman, E. T. (2010). The role of nurse practitioners in reinventing primary care. Health Affairs, 29(5), 893-899.

Nursing World. (2012). ADVANCED PRACTICE NURSING: A NEW AGE IN HEALTH CARE. American Nurses Association. Retrieved 14 January, 2016 from: http://www.nursingworld.org/FunctionalMenuCategories/MediaResources/MediaBackgrounders/APRN-A-New-Age-in-Health-Care.pdf
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How to Analyze Financial Statements

Words: 1390 Length: 4 Pages Document Type: Essay Paper #: 21272613

Financial Statements

McDonalds is a fast food restaurant chain that operates globally. The company is the leader in the industry, and is one of the most recognized brands in the world.

The income statement can reveal a number of things about a company. First, it reveals the revenues that the company has earned. McDonalds has seen its revenues fluctuate over the past three years. In 2012, revenues were $27.567 billion. They increased to just over $28 billion in 2013 but then fell back again in 2014 to $27.441 billion. The second valuable piece of information from the income statement is the company's expenses. These are broken down into different categories but overall the operating expenses were reduced in 2013 and then spiked back up in 2014. As a result of these changes, the third bit of useful information is revealed -- the net income. McDonalds has seen a substantial decline…… [Read More]

References

2014 McDonalds Annual Report. Retrieved October 17, 2015 from https://www.aboutmcdonalds.com/content/dam/AboutMcDonalds/Investors/McDonald's%202014%20Annual%20Report.PDF

"Guide to SEC Filings" (no date). In possession of the author.

MSN Moneycentral (2015) McDonalds Corp. Retrieved October 17, 2015 from http://www.msn.com/en-us/money/stockdetails?symbol=MCD&ocid=qbeb

Yahoo! Finance (2015) McDonalds: Cash flow statement. Retrieved October 17, 2015 from http://finance.yahoo.com/q/cf?s=MCD+Cash+Flow&annual
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Elements on the Income Sheet of Nike

Words: 722 Length: 2 Pages Document Type: Essay Paper #: 63617301

Nikes Income Sheet

The latest Nike 10-K covers the period ending 31st May 2016 (Nike, 2016). Looking specifically at the consolidated income statement, this is very short, and although there is a subcategory for gross profit. Nike, 2016). This is the two step format, as there is a breakdown of the categories, operating income is separated from non-operating income and there is a subcategory for gross profit, these indicate the two step process (PWC, 2016). However, in the consolidated income statement, the information is very limited. Looking though the accounts, the notes do provide more detail, such as Item 7 which provides details on sources of income and in come by type of sales, more details of lease and capital costs, while note 8 provides a more detailed breakdown of long-term debt (Nike, 2016),.

The income statement is meant to provide an accurate representation of the financial position of the…… [Read More]

References

Accounting Study Guide. (2016), Revenue Recognition Principle, available at  http://accountinginfo.com/study/fs/revenue-101.htm 

Nike. (2016), Form 10-K. available at  http://s1.q4cdn.com/806093406/files/doc_financials/2016/ar/docs/nike-2016-form-10K.pdf 

PWC. (2014). Financial Statement Presentation, available at https://www.pwc.com/us/en/cfodirect/assets/pdf/accounting-guides/pwc-guide-financial-statement-presentation-2014.pdf
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Hay and Barnabas Company Financial Statements

Words: 604 Length: 2 Pages Document Type: Essay Paper #: 47357989

Financial Statements: Hay and Barnabas Company

There are five adjustments that need to be made before the financial statements of Hay and Barnabas Company are prepared at year end. Show the effect of each of the following (a -- e) on the accounting equation

The accounting equation is essentially indicative of the relationship between assets, liabilities, and the owner's equity in a particular business. According to Clarke (2011), the three components reflect the company's financial position. Assets are the resources owned by the business and liabilities are the claims other parties, such as creditors, have in the business. Investors also contribute to a business and buy ownership hence have a claim in the business. The following are the adjustments deemed necessary and the effect they had on the components of the accounting equation:

a) Equipment purchased on January 1, 2003 with a useful life of 12 years and no salvage…… [Read More]

References

Clarke, E.A. (2011). Accounting: An Introduction to Principles and Practice. South-Western: Cengage Learning

Warren, C.S., Reeve, J.M. & Duchac, J.E. (2013). Financial Accounting. South- Western: Cengage Learning.
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Company's Financial Statement

Words: 4454 Length: 15 Pages Document Type: Essay Paper #: 48248054

Financial Statement Analysis

In this particular essay, I undertake the financial analysis of five companies, all of which are set in the retail industry. Three of the companies, Tesco Plc, Sainsbury's and Wm Morrison Supermarkets plc are some of the largest food retailers in the United Kingdom. Ocado which is the fourth company is the largest online food retailer in the whole world and lastly Crawshaw Group PLC is also in the business of operating a chain of retail food stores. Every company will be discussed individually and it will encompass information regarding the history of the company, the products and the services, the consumers and also other information.

Tesco Plc is a company that is based in Britain and is the largest food retailer in the United Kingdom. It is one of the biggest retailers in the globe as it is the third in position in the retail industry…… [Read More]

References

Accounting for Management. (2014). Return on common stockholders' equity ratio. Available: http://www.accountingformanagement.org/return-on-common-stockholders-equity-ratio/

Bloomberg. (2015). Crawshaw Group Plc company information. Retrieved from: http://www.bloomberg.com/research/stocks/snapshot/snapshot.asp?ticker=CRAW:LN

Bloomberg. (2015). Wm Morrisons Supermarket plc. Retrieved from: http://www.bloomberg.com/research/stocks/snapshot/snapshot.asp?ticker=MRW:LN

Investigating Answers. (2014). Operating Leverage. Available: http://www.investinganswers.com/financial-dictionary/ratio-analysis/operating-leverage-2795
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Technical Information on the Statement of Cash

Words: 304 Length: 1 Pages Document Type: Essay Paper #: 13760758

technical information on the statement of cash flow, including what the main sections of a cash flow statement are, how to create each of them and what are the main elements that need to be gathered for a successful cash flow statement. The general format of a cash flow statement was discussed in the beginning so as to give an overview of what the CFS should usually contain.

One of the main issues that the document helped clarify was how the activities of a company can be included in one of the three categories mentioned (operating, investing or financing). In each case, the final figure on each of these CFS categories is important to reveal how the company is performing in terms of each specific operation.

Finally, the document referred to the several different methods that can be used to create a cash flow statement, including the advantages and disadvantages…… [Read More]

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Working With Financial Statements

Words: 734 Length: 2 Pages Document Type: Essay Paper #: 46087764

Working With Financial Statements:

There are four main principles that have led to the success of the accounting system which the accountants use in preparing financial report of a company but we shall only focus on two. One of the principles is the evenue ecognition Principle whereby the accountant is expected to present a financial report by indicating the cash flow of the company. As one of the main accounting principles in the U.S. Generally Accepted Accounting Principles, revenue recognition can basically be considered as how revenue is recognized or treated. On the basis of cash accounting, revenue is simply recognized when cash is received despite the performance of the services and delivery of goods. On the contrary, revenue is recognized in accrual basis accounting when they are realizable or earned regardless of when cash is received. However, revenue is recognized when two conditions are met i.e. The completion of…… [Read More]

References:

Davoren, J. (n.d.). Four Types of Adjusting Journal Entries. Retrieved October 21, 2012, from  http://www.ehow.com/info_8210116_four-types-adjusting-journal-entries.html 

"Expenses Recognition -- The Matching Principle." (2008, July). Accounting Financial & Tax.

Retrieved October 21, 2012, from  http://accounting-financial-tax.com/2008/07/expense-recognition-the-matching-principle/ 

"Revenue Recognition." (n.d.). Tenrox. Retrieved October 21, 2012, from http://glossary.tenrox.com/Revenue-Recognition.htm
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Financial Statement Analysis Case

Words: 902 Length: 3 Pages Document Type: Essay Paper #: 34950153

Audit Case

Overview of Current Situation'

ABC is generally in good health. he income statement shows that the company saw an increase in revenue for 2009, and this translated to an increase in net income. he company's expenses as a percentage of revenue were 13.6%, down from 15.1% the year before. COGS was 69.6% of revenue, versus 78.2% the year before. he company maintained a similar level of works-in-progress inventory over the course of the year, such that the improved operating performance did not derive from a decrease in inventory. Manufacturing overhead as a percentage of sales also declined. In essence, the improved profit performance comes from incremental improvements in cost control that had the cumulative effect of reducing the overall expenses as a percentage of revenue.

he balance sheet shows that the company's overall value has increased. he key increase here is an investment in new equipment. he value…… [Read More]

There is evidence of continual improvement at ABC. First, there is the fact that the company grew its revenues without a corresponding growth in the expenses. This occurred on multiple fronts. ABC increased its gross margin, which seems to indicate improved manufacturing efficiency. The fact that the company was able to increase its sales, lower its COGS, and only experience a modest increase in its work-in-progress inventories indicates that it has become a more efficient manufacturer. It is difficult to extrapolate continual improvement from a one-year time sample, but the evidence shows that the company was more efficient in 2009, and that is cause for optimism that it will continue to improve going forward, especially given new investments.

The new investments in manufacturing equipment is another good sign. The company can point to this investment in new automated manufacturing equipment as an astute investment with a small amount of debt and a some equity as an investment in future production and revenue growth. This is evidence that the company is not resting on its laurels, but investing some of its success today in building future success in the future.

Furthermore, the company was able to control the growth of its non-manufacturing expenses. Even sales expenses as a percentage of revenue fell, from 7.0% to 6.8%. Other administrative expense categories fell even further as a percentage of sales. These figures indicate that the company has improved its administrative productivity -- it is getting more sales from roughly the same administrative expense. Sales expense increased but at a lower rate that the increase in revenues. Both of these figures also point to a company that has focused not just on selling more, but on improving its efficiency across all expense categories. Often, a company can improve in one or two areas with some focus, but to improve in all areas across the board, while growing, is a sign of mature management that is running a sustainable business. There is good cause for optimism regarding the future of ABC based on its 2008 and 2009 financial statements.
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Statement of Intent

Words: 1185 Length: 3 Pages Document Type: Essay Paper #: 17773858

Letter of Intent: Personal Statement

To College of ____ Admissions Committee,

I am applying for the Master's degree in the School of Social Work, because I truly believe that it is my life's calling to make people's lives better by helping them with their daily struggles through practical help and techniques for self-empowerment. This is no easy task for either party, but I believe that if both parties are committed to the task of improvement and the task of making things better, then all things are possible. The strengths that I bring to this endeavor are a full commitment, a tremendous amount of empathy, and practical experience and theories under my belt to work for concerted improvements for other people.

Imagine that you have had the social work career of your dreams. Now, you have retired and written an autobiography.

I've been extremely blessed and fortunate to have a long…… [Read More]

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Statement of Fellowship and Career Objective

Words: 452 Length: 2 Pages Document Type: Essay Paper #: 52398982

Fellowship and Career Objective

Throughout more than seven years of service to the healthcare industry, working in an administrative capacity as a liaison between insurance providers, patients and third-party payers, I have dedicated my professional life to the provision of medical services via the managed care industry. While working to maintain regular lines of communication with case managers, social workers, management staff, outside agencies and various hospital departments, the opportunity to immerse myself in the logistical operations of a major health care provider has proven to be invaluable. Performing fundamental duties that are integral to the successful delivery of health care services, from the identification of barriers to reimbursement via benefit investigations to determining patient eligibility for non-profit foundations, has provided me with a comprehensive base of knowledge and skills. Rather than rest on my proverbial laurels, however, I have committed myself to the task of parlaying this initial experience…… [Read More]