Essays on Expense

Amongst the various sources of finance, like sale of financial instruments, or even borrowing loans from banks and other financial institutions, a very popular method is lease or lease financing, that is defined by the Leases Exposure Draft of the International Accounting Standards Board (IASB) & Financial Accounting Standards Board (FASB) as “a contract in which the right to control the use of a specified asset (the underlying asset) is conveyed to a customer, for a period of time (throughout the lease term), in exchange for some consideration (periodic rental payments), if the customer has the ability to direct Continue reading...

In order to compare the taxation practices of Egyptian and non-Egyptian firms, we will be analyzing the following list of the companies, all of which are from the telecommunication industry. Below is the list of Egyptian and Non-Egyptian firms, which we analyze for the purpose of comparing their tax reporting practices:

Egyptian Firms:

- Telecom Egypt
- Mobinil
- Etisalat

Non-Egyptian Firms:

- AT& T
- MCI
- Sprint

Egyptian Firms

I) Mobinil:
Founded in the year, 1988, Mobinil is one of the largest telecom companies in Egypt. As for the tax reporting by the company, during 2012, the company reported current tax expense of + Continue reading...

Financial Analysis: Microsoft

Introduction:
For the purpose of the project and adhering to the requirements, we have selected Microsoft Corporation as the company to be analyzed. The company is a renowned name in the computer industry around the globe and is listed on NASDAQ under the ticker symbol of ‘MSFT’. Headquartered in Washington, the company is primarily involved in manufacturing and distributing of computer software, consumer electronics and personal computers. Microsoft is the world’s largest software maker in terms of revenue and is also one of the most valuable companies in the world. Below are some of the products of Microsoft Continue reading...

Summary

This particular section sheds light on the measures used to assess the quality of financial reporting. The framework looks at a company's risk and success factors. The quality of the analysis depends on the inputs put into it. In addition, the quality of the measures used to assess financial reporting varies between companies, and can also be different for a single company for a period of time. Measures that are based on inventory suit retail businesses, measures that are based on depreciation suit capital intensive companies, and measures that are based on off balance sheet reporting are best suited Continue reading...

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5774, (201)748-6011, fax (201)748-6008, website http://www.wiley.com/go/permissions.

Printed in the United States of America.

ISBN 978-0-470-87479-0
Annual Report Project
The Continue reading...

All rights reserved.

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
payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive,
Danvers, MA 01923, website www.copyright.com. Requests to the Publisher for permission should be
addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030-
5774, (201)748-6011, fax (201)748-6008, website http://www.wiley.com/go/permissions.

Printed in the United States of America.

ISBN 978-0-470-87479-0
Annual Report Project
The Continue reading...

Introduction

Mayo’s Clinic is a health organization that is based in Rochester in Minnesota. It was founded in 1899 and has grown tremendously over the years. Today, it employs approximately four thousand physicians and scientists and 60 thousand allied health staff. Similarly, Erie County Medical Centre is a health organization located in New York City. It has a hospital facility with 550-bed capacity and more than thirty outpatient service centres. This paper seeks to analyse the financial viability of the two entities. In addition, it seeks to analyse the financial viability of merging these two entities. To this end, Continue reading...

I have reviewed your memo regarding our client Howdy Brewster which describes his business activities and the recent events which may impact his 2011 Federal Tax Return. Here is a review of the factual information about Brewster which pertains to the income tax questions. His business is an eight hundred fifty acre farm and dairy operation. About 150 Holstein milk cows are part of the dairy operation. Approximately 150 Black Angus steers are raised to sell. Brewster has one part-time employee. He employs his two teen-age sons for the daily farm work. The land has been in the family Continue reading...

Executive summary

Special purpose financial statements that are conventionally provided by small businesses usually offer limited information in both quality and quantity. The main reason behind this is the freedom in reporting that small businesses have. Consequently, lenders have to be careful when using these statements in lending decisions. As a small business, Boat Builders Pty Ltd’s financial statements may not be in a good state as provided to be used in a lending decision. A critical evaluation of whether they represent the true status and performance of this business is necessary before a detailed financial analysis is done. A Continue reading...

Introduction3

Memorandum one4
Peaceful tax. 4
Facts 4
Issue. .4
Answer. .4
Analysis..4
Memorandum two..5

Facts5

Issue.5
Answer.. ..6

Analysis6

Assignment 3 .7
Publicly traded partnerships.. 7

Benefits of publicly traded partnerships 7

Summary..8

Resources used.8

Memorandum oneTo: From: RE: Peaceful taxFactsPeaceful is an accrual basis taxpayer that provides funeral services and sell related goods to these services. Owing to the rise in goods and services, customers have found it very difficult to pay their goods conveniently, to the extent that some of these clients have opted for cheaper goods and services ( Larson& Sheaffer, 2011).This move has worked to the disadvantage of Peaceful. As a result of this challenge, Continue reading...

Ford Motors Co: Financial Analysis

Property, Plant and Equipment
The property, plant and equipment valued at $ 24813 which shows an increase of 11 % as compare to 2011. Property, plant and equipment includes land, buildings and manufacturing plants and other machinery and tools and other assets that are used by the company in their routine business operations. Ford Motors Co. records all its assets at cost net of depreciation and other impairments. The company has a policy of capitalizing newly acquired assets when they intend to utilize them for longer periods which is usually more than one accounting year. The cost of maintaining assets and Continue reading...

Financial Reporting

Customer Inserts Tutor’s Name
(30, 09, 2013)
Deferred tax asset is an asset reported on the Statement of Financial Position of a company that will be used in paying taxes for subsequent accounting periods. From financial point of view, deferred tax assets actually reduce the income tax expense for the upcoming periods. On the contrary, the deferred tax liability is an account on the balance sheet which appears because of the temporary differences arises as a result of difference between the profit calculated for accounting purposes and profit computation for the purpose of taxation. In the year end Continue reading...

- Is Steve's un-reimbursed commuting expenses an allowable deduction on his personal tax return if he is assigned to be a volunteer usher for the Church's Saturday or Sunday services?
If Steve is assigned to be a volunteer in the church on both Saturdays and Sundays, his tax position regarding the un-reimbursed commuter expenses can be explained as follows:
According to code 162(a), the un-reimbursed commuter expenses remain unallowable for tax purposes because of the following reasons: Such expenses are not incurred for a profit gain. Steve is not in any profitable business so as to be able to Continue reading...

- Compare and contrast fixed-price contracts and cost-reimbursement contracts
Fixed price and cost reimbursement is two methodologies for making contracts for administration work. With the fixed price system, the agreement and contracting gathering consent to a fixed cost toward the begin on the project that does not change.

Benefits and drawbacks of fixed price contracts

With government occupations, organizations are normally needed to submit offers in specific ways, which regularly command an altered cost for the whole project. Organizations giving administrations to private organizations and shoppers would take a gander at the qualities and shortcomings of fixed price contracts in respect to different alternatives. Buyers progressively Continue reading...

Analysis of Projects

Some of the main things and aspects from the perspective of an organization are financial competitiveness and financial belongings. As far as increasing the productivity is concerned barely those projects would have been opted which are crucial for a company as organizations constantly try to boost up their productivity (Carl S. Warren, p.14). To analyze the efficiency of two different projects in whole is the main objective of this assignment. Each of the project’s income statement has been assigned and particularly with this investigation and simultaneously the researches of both projects are stated below:

Analysis for Project-1

It is observed from Continue reading...

Conise Management

a)Caledonia should focus on cash flows instead of accounting profits while making their capital-budgeting decisions because cash flows represents the actual cash that Caledonia receives from the project and can reinvest it in other viable ventures. The timing of the actual costs and benefits can only be analyzed using the cash flows and not the accounting profits. Accounting profit includes some non-cash expenses such as depreciation which do not represent actual cash outflows at that point in time.
In making capital budgeting decisions, it is only the incremental cash flows and not the accounting profit that are of Continue reading...

Analysis of Financial Statements of Goldman Sachs

Introduction
A world renowned company, Goldman Sachs is an American Multinational Corporation that deals with the institutional clients offering investment banking, investment management and other related financial services. The following report will analyze some of the crucial items of the financial statements of Goldman Sachs including Earning per Share, Cash Flow Statement, Tax Deferrals, Share based compensation, Employee Compensation Plans. We are sure that by the end of this report, we will be able to have a comprehensive overview of the company’s financial statements.

Amount Disclosed
Footnote Information-Deferred Taxes
Note 24 of the Annual Report is related to Continue reading...

13th, November, 2013

Analysis of Electronic Arts: Ratio Analyis and Effect of Alternative Accounting Methods on Ratios
Profitability Analysis:
The ratio analysis reveals that over the years, the profitability of the company is improving. In terms of net profit margins, the company has made an applausable leap from -25.8% to 2.6% over the years.(2009-2013 ) This year the net profit margin of the company has surpassed industry benchmark of 2%.
Analyzing the ratios relating to decomposition of profit figures provides us with a better picture relating to working of the company over the years. Both Gross Profit Margins and Operating Margins have Continue reading...

- NPV= -C0 + C1/ (1+r) + C2 / (1+r)2 + C3/(1+r)3 + Cn/(1+r)n

-Co refers to the amount which was initially invested
C refers to the cash flow
r refers to the hurdle rate
n stands for the time

Depreciation is an expense that is tax deductible

Years Amount Tax effect After- tax cash flows Depreciation 12% factor Present
Tax shield value
0 (2140000) - 2140000 1.0 (2140000)
1 (1050000) (1-0.4) (630000) 14099 0.8929 (549938)
2 10250000 (1-0.4) 6150000 14099 0.7972 5015170
3 10250000 (1-0.4) 6150000 14099 0.7118 4477920
4 11250000 (1-0.4) 6750000 14099 0.6355 4379220
5 11250000 (1-0.4) 6750000 14099 0.5674 Continue reading...

Report

Corporate takeover
In a corporate takeover, two methods are commonly used. There is the purchase method and secondly the pooling of interest method. The first is applied where the acquirer can be identified while the latter is used where the acquirer cannot be identified. In a corporate takeover, several aspects of valuation are necessary. They are as follows – share valuation, valuation of business, valuation of fixed assets and shareholder agreement (Solomon, 2011).
In the event of a corporate takeover, the financial statements are adjusted so as to remove items which are not reflective of the ongoing business on a Continue reading...

Analysis if the financial performance of Sprintex company ltd.

Introduction
Sprintex communication limited is an IT firm that has been in the provisions of services in communication industry for he last fifteen years. Over the said period, the company has grown from strength to strength, financialwise, and notably managing to spread out it’s operations beyond the two outlets that were set by the original foundes,John Mark and Wendy In the year 1998.
Currently the company is domiciled in London, operating as its headquarters and the focal point of conducting its global strategy. It has roughly two hundred and seventeen branches, most of them in the European Continue reading...

PepsiCo Inc. is a publicly traded multinational corporation in the USA with its headquarters in New York, USA. PepsiCo Inc. is the consumer goods industry. PepsiCo manufactures markets and distributes beverages, snack foods and other products. This paper seeks to analyze the long term debt of PepsiCo Inc. This paper also seeks to analyze the debt-to-equity ratio and the times interest earned ratio of PepsiCo Inc. for the last three years, and compare the respective ratios with the most recent industry ratios. Information on the long term debt, debt-to-equity ratio and times earned ratio was obtained from the annual Continue reading...

Abstract

This paper is devoted to the Clorox Company financial research. The research includes analysis of financial statements, analysis of financial ratios, bonds and stock valuation methods, calculation of dividends growth rate, description of constant-growth model, calculation of beta coefficient of stock, calculation of standard deviation of stock, calculation of weighted average cost of capital. The computations are based on the data collected from annual reports for the years 2007-2011. Calculations were made using appendices and excel spreadsheets. The arguments are supported by analysis of financial performance of the Company.

Introduction

In accordance with Bloomberg (2012), Clorox Company is a Continue reading...

There are several objectives that guide the setting up of these standards. Below is brief discussion on the importance of accounting standards and especially in the New Zealand context. These include:
Accounting standards usually set the minimum level of disclosure of financial information. This ensures that all interested parties and stakeholders are adequately informed of the financial happenings in a company. Well prepared financial statements will serve all stakeholders and thus they will be able to make informed choices guided by the financial statements.
These standards remove variations that may arise in the treatment of several aspects of accounting. Continue reading...

State

Executive summary
Royal Dutch Shell PLC commonly known as shell is oil and Gas Company operating in many parts of the world. London it is second largest energy company in the world whose registered office is in London. It engages in both renewable and non renewable energy. It is a vertically integrated oil company which engages in all oil activities from exploration to refining and trade. However, the company has entered into partnership with many international organizations to conserve the environment. The company shares are listed in London stock exchange and its financial statement are presented in accordance to Continue reading...

Accounting Cycles

Adjusting Entries: These are entries made at the end of an accounting year usually at the end of year. These are journal entries to ensure incomes and expenses are allocated in the period that they were earned and incurred respectively. The money may not have been received or paid out in the particular period but the expenses and income are accounted for in the particular year they were earned or incurred. This is known as accrual accounting. It is also the principle of matching principle since revenue and associated costs are accounted for in the Continue reading...

Administrative Expenses:

Administrative expenses accounts for one of the maximum share in total expense of the Airport. By the end of 2013, the actual administrative expenses were $73950. The list of expenses that are part of Administrative Expenses are:
Referring to Phase I, assuming inflation growth of 1.15 per year, the total administrative expense by the end of Phase I were $549658. Similarly, during Phase II and final Phase, the administrative expenses amounted to $610035 and $677044, respectively.
Overall, all the projections were carried out assuming an inflation rate of 1.15%.

Liability Insurance Expenses:

The total liability insurance expense of the company constituted of Continue reading...

Budgeting

- The Make Way Foundation

Why the Funding of the Children’s Summer Expense Project was Overlooked

Fund management is critical especially for non-profit or charity organizations with limited resources, and dependent on private or public donations. Competing priorities could lead to misallocation of funds. In the case of Children’s Summer Expense Project, its omission in the Foundation’s list of priorities could be one of the reasons why funding was insufficient. In many cases, programs to be funded are based on how strong their proponents are in advocating for their cause(s). If a program has no assigned proponent to lobby for its full financial support, it will be Continue reading...

The Financial Planning Process

The Financial Planning Process
The financial plan to improve the financing problem must be made according to the inflows and the outflows of the cash. Financial problems, either commercial or personal, can be managed or resolved by implementing a financial plan correctly. In the given scenario, Jan and Bill Smith are facing financial problems such as mortgage and credit card payments. The financial plan for this family must cover at least five to six months, so that Jane and Bill don’t face tough financial circumstances. ("Manage money by,")
The current financial position of Jane and Bill is not Continue reading...

Abstract

Excel Academy is an Educational Institute provides K-12 Level Education in Qatar. The Academy found high devoted in enhancing the level of education within the region. The computation of financial and non-financial aspect is showing that the company will be having a tough time in the upcoming section of two to three years in the future; however the company can overcome on all of the problems soon with the help of perfect strategies and recommendations mentioned in the assignment.

Introduction

Budgeting is an important and valuable thing that associated with the core economic and financial position of an organization (Kippenberg, Continue reading...

Enter Name

Enter University name
Abstract
This report covers the product line of Hart Hospital Equipment Inc., how the products are currently performing as well as what opportunities there are in introducing the Pacer product in the near future. To make recommendation to management, the report will study the different effects of the work required for each segment while assessing the sales force. The marketing strategy will be discussed and how re alignment of the company’s different segments will be affected on the roll out of the Pacer. Recommendations will be made taking into account sales history as well as Continue reading...

Fraud is an intentional action to do something that is illegal or unethical. It is done to cause damage to the receiving party. Many a times fraud is also done to gain something which could be money or inside information or knowledge. Fraud is a criminal offence. It cannot be justified. Many companies have gone through the fraud and there have been cases where the fraudster has been punished.
Revenue fraud is a type of fraud which affects the revenues of a company. It is done to manipulate the accounts and earn profits. Simply overstating or manipulating the revenues Continue reading...

Part A: Classification of items as assets or liabilities

Under this section, we will classify each of the given accounting transactions under appropriate category. Below presented is the snapshot of the excel sheet indicating the correct answers followed by the reasons for their classification under the relevant category:

Reasons for classification of each item:

a) An amount of £40K owed in incorporation tax: Since the company owes an amount, it will be classified under the liabilities section.
b) Stock worth £15K in the stock room: Stock/ Inventories are the current assets of the company and hence will be classified under current assets only.
c) An amount of £20K paid to a supplier for a Continue reading...

You Are an Entrepreneur

You Are an Entrepreneur
The formation of a new business is the easiest task in any business. However, to expand that business and making it profitable is the main concern for the business owners with limited resources. In the current financial circumstances all over the world, it is becoming difficult for the small or medium size business to raise finance via share issue or debt. The main reason behind this difficulty is that the investors are losing the faith in the sustainability and the going concern issues of smaller and new businesses. Therefore, in these circumstances, it is very Continue reading...

Introduction

Mongolia is a landlocked nation in east-focal Asia. It is flanked by Russia to the north and China to the west, south, and east. Ulaanbaatar, the capital furthermore the biggest city, is home to around 45% of the populace. Mongolia's political framework is a parliamentary republic. The region of what is currently Mongolia has been administered by different itinerant domains, including the Rouran, the Xiongnu, the Turkic Khaganate, and the Xianbei. In 1206, Genghis Khan established the Mongol Empire, and his grandson Kublai Khan prevailed over China to create the Yuan Dynasty. After the breakdown of the Yuan, the Continue reading...

Qn 1

A capital expense item is any item in the company that is useful for a long period without wearing out. For example a computer hardware of software is a capital expense because it stays and does various services in the company. The term capital expense is common in any business environment and it is beneficial for the company to engage in having more capital expenses to increase on the profit of the company. Depreciation applies to the capital expense according to the arrangements made by the company, the depreciation procedure of the assets of the company follow a well Continue reading...

Question 1

The factor that would be interesting to an investor is the decline in revenue. The management of the company has reported a decline in revenue from the year 2012, resulting from a contraction in the overall PC market as well as competitive pricing pressures. These causes negatively impacted the performance of the company’s major segments. The factor would be interesting to the investor since the primary objective of investors is to maximise their returns. A decline in revenues indicates that the business is experiencing challenges that if not addressed, may have an adverse effect of the future profitability Continue reading...

Advantages and disadvantages of equity financing

Advantages
One advantage of equity financing is that AMSC will not be forced to make any regular payments to shareholders. Equity holders in the company benefit through dividends and capital gains that arise from the appreciation of shares of the company. Corporations do not have an obligation to pay dividends to its shareholders. AMSC will only pay dividends to its equity holders if the company makes a profit. The rules for capital maintenance stipulate that companies should pay dividends out of distributable profits (Baker & Martin, 2011). It implies AMSC will not make any distributions to shareholders if it does Continue reading...

Introduction

A lease is a lawful document, which outlines the stipulations under which a certain party agrees to rent the property from the other party. Therefore, a lease is a contractual agreement that calls the lessee (the renter) to pay the lessor (the property owner) for the use of an asset. Both the US-GAAP and International Accounting Standards (IAS) affect the regulations for leasing contracts balancing process. IAS 17.3 defines it as an agreement, which expresses the right to use plant, equipment, or property, typically for a specific period, in exchange for the cash payments. The lawful property possessor is Continue reading...

Introduction

The main perspective of this assignment is to make a comparison between two different accounting standards which particularly are International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP). It is required to analyze both the accounting framework from four different angles that will be executed after analytical framework.

Analytical Framework

IFRS is the most widely chosen accounting standards that are taken into practice by many of the companies. The term IFRS is generally referred as “International Financial Reporting Standards” that is formulated to bring all business issues based on a platform of global identical language that helps to understand Continue reading...