Essays on Financial Report

IAS37: CURRENT ISSUES IN FINANCIAL REPORTING

IAS37: Current Issues in Financial Reporting Introduction Since the publication of IAS 37, it provides explicit directions for companies to recognize provision, contingent liability and contingent assets. IAS 37 undermines the traditional accounting concepts of prudence hence leading to considerable volatility in companies earning reports. The IAS 37 helps in disclosing the transaction incurred in an organization that is associated with liabilities. In the IAS 37 standard, the word “probable” has been adversely used and hence providing options of creative accounting essential for companies to recognize its provision on balance sheet. Before the amendment of current IAS 37, the ...

How much a firm can grow

Sustainable Growth Rate: How much a firm can grow A company requires capital to finance the growth. This can be achieved by using internally generated funds, or by issuing new equity shares. But, it has been observed that companies show reluctance in issuing new equity to raise capital (Firer, 1995, p-57). Without recourse to new equity capital, there is a limit to the growth of the company. The company can grow without opting for external equity finance by altering its present financial structure.

Sustainable Growth Rate and its Importance

There exists an important relation between growth in sales, and increase in assets and equity. Rapid ...

Question one

The budgeting process is the way a state builds its budget (Foley, 2010). Therefore, the appropriate budget is the one that engages the responsible organizations that adhere to its implementation of the objectives of the organization. The budget of Flint Michigan involves both finance committee as well as the participation of senior staff. The stakeholders that participate in decision making in Flint are the local, federal, and regional governments, philanthropic donors, and community organizations (City of Flint MI, 2013). However, some partners are engaged in sustainability plans and the adaptation of climate change.

Question two: Sources of revenues and expenditures

The main sources of income for ...

Verizon Communications Inc. Financial Statement Analysis

Verizon Communications Inc. Financial Statement Analysis

This financial statement analysis project focuses on Verizon Communications Inc. Verizon Communications Inc. is a publicly traded American broadband telecommunications company with operations in about 150 countries globally and in about 2,700 cities. At the time of presenting this financial statement analysis document, Verizon Communications Inc. traded at a market price per share of $56.50 with a market capitalization of $229.21 billion (Yahoo Finance, 2016). The company’s main competitor has been AT&T. It operates in the telecommunications industry and has it main products including the telephony services, data services, and television ...