Essays on Liabilities

Company Profile

Revered as the biggest e-commerce website around the globe, Amazon Inc. is an American multinational entity engaged in e-commerce selling and cloud computing. Founded in the year 1994 by Jeff Bezos, the company is headquartered in Seattle, Washington DC. Amazon is the biggest e-retailer in terms of revenue and market capitalization. Beginning with the modest background of selling books and Blu-Ray DVD’s, Amazon today offers more than billion products and is now operating globally with presence in 19 countries. The company is listed on NASDAQ under the ticker symbol of AMZN and is also the constituent of NASDAQ ...

Introduction

The paper compares the financial performance of Abcam and Novozymes for the FY 2015. The company (Abcam) spends a lot of cash on research and development. Therefore, it provides easy access to products, high development on the platform of e-commerce. The sales of Abcam increased significantly between FY 2015 and 2016. That is it almost made 90% of sales in other currencies such as the Japanese Yen, and Euro. The change in these foreign currencies during the recession period is favorable for the firm. Moreover, revenues of the product increased by over 15% on the reported basis during FY ...

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 ...

Introduction

The objective of this report is to perform the financial analysis of Next PLC and its competitor firm, Debenhams PLC. While both the stocks are listed on the London Stock Exchange(LSE), however, the report is solely attributed to uncover the fundamental analysis using the tool of financial ratios. Here, the attempt will be made using necessary ratios delineating profitability, efficiency, liquidity and gearing position of both the firms over the period of the past two years. The report shall finally be culminated discussing whether there is an improvement in the overall performance of each firm along with the ...

Introduction

The report discusses the outcome of the financial analysis of Fresh Fashion for the period of three years beginning 2014 .As part of this analysis, we will exclusively focus on liquidity assessment, and inventory and account receivable management of the company. While the sole objective of framing this report is to appraise the investment opportunity in the company’s stock, however, since we are only using financial ratios as the tool of assessment, we will also discuss some of the limiting factors of financial ratios.

Ratio Analysis

Financial ratios allow us to transform raw financial figures into useful multiples, which can ...

Significant Areas Addressed by Management

Cedar addresses the compliance of the guidelines of Government Accounting Standards Board in the city accounting reports. Compliance to (GASB) regulations through the provision of an overview of its financial performance for the fiscal year Accounting Policies Utilized by the City The policies include Analysis of financial statements The policies of liabilities, assets, deposits and investments (Rodenbeck, 2013) Statistical Section The statistical section will cover the computational outcomes of the management decisions. For example Depreciation of capital assets over the respective annual ranges The effects of deposits and investments Determining the values of the net assets, and its liabilities ...

TeleTech Holdings, Inc. (TTEC)

TeleTech Holdings is a technology services company whose main business is the provision of telephony services to businesses. The company operates call centers and BPO centers through which it connects customers to their companies. Through the provision of the telephony services, it creates a lasting customer experience, which in turn results in growing revenues and profitability of the companies that it represents. The various industries that it serves include the automotive industry, financial services, healthcare, government agencies, e-commerce entities, and the hospitality industry among others (TeleTech Holdings, 2017). In light of the above brief on TeleTech Holdings, the objective ...

FASB

Po Box Washington DC Dear Board Members RE: proposed changes of FASB and the impact of the changes on reporting of financial information The proposed changes will affect the way profit and not for profit organizations prepare and present financial information. To start with, the balance sheet of not for profit organization will be affected because the three classes of assets i.e. unrestricted, permanently restricted and temporarily restricted assets will no longer be reported in that format. They will be replaced with a simplified model that combines permanently restricted assets and the temporarily restricted assets into one i.e. net ...

Introduction

Earnings or Net Income is the single most important figure in a company’s financial statement for the average investor. Even a small fall in the reported earnings can result in the loss of millions of dollars in stock value and subjects company managements to scrutiny by investors and financial analysts. Corporate executives are under therefore under pressure to meet market expectations resulting in “earnings management”. Earnings manipulations can range from minor adjustments within the law and the accounting standards to the outright fraud of showing non-existing profits (Carruth, 2011). The Sarbanes- Oxley (SOX) Act of 2002 was enacted ...

The following are the financial ratios for the company, Tyler Technologies Inc.

Profit Ratio Gross profit/ Net sales 93.48 million/194.50 million

The gross profit ratio is 0.4806169666

Liquidity Ratio Current assets/ current liabilities 36.95 million/22.26 million

The liquidity ratio is 1.6599

Debt Ratio Total liabilities/total assets 22.26 million/36.95 million

The debt ratio is 0.6024

Market Ratio Net earnings/number of shares 36.42 million/36.63 million

The market ratio is 0.99426

Analysis of the Ratios Tyler Technologies Inc.is a technology company that deals in technology solutions, which includes hardware and software. The company is listed on the New York Stocks Exchange. From the latest financial statement, the ratios show that the firm is on a growth trend (Pew Tan, Plowman, & Hancock, 2007). The profit ratio and the debt ratio indicate that the firm is doing ...

Abstract

The risk management approach refers to the techniques, processes tools and the team roles and responsibilities that are employed on a general scale or on specific issues to help address issues such as loss of lives, destruction of property, financial losses and any other relate losses. This essay compares the organizational approaches between private entities as represented by BP and the public entities as represented by Minnesota State’s Department of Administration. The risk management by the State government of Minnesota is operated through its insurance program as well as the programs that cover the safety of the state’ ...

The FA

The FA i.e. The Football Association refers to the English football’s governing body, which was established in 1863. Ebenezer Morley is considered the father of The Association. The activities of the company include overseeing, promotion and development of the game at different levels like The FA Cup and England International Teams. The activities also include broadcast and media rights, sponsorship, licensing, merchandising along with sales of tickets (The Bloomberg, 2017).

Financial Position of the FA

Current position with respect to financials of the company as on 31st July 2015 provided an overview of that the company is continuously striving to generate commercial revenues ...

Managing a business or any other organization in the modern world involves several challenges. It is important to understand the forces behind globalization and the implications of globalization in management. Globalization is driven by the advancement in technology, removal of barriers to cross-border trade, among other forces. A multinational firm must understand these dynamics to enable to adapt promptly to global changes. The international financial system consists of the foreign exchange market, the international bond market as well the derivative market. The forex market involves the exchange of foreign currencies while the derivative market involves derivative financial instruments such ...

Question 1: Why Cartwright Lumber Company needs cash

Despite the profitability of Cartwright Lumber Company, it still faces cash flow challenges. The financial statements indicate that the company has a low balance in its cash account. Profitability does not necessarily mean the firm has a stable cash flow. The income statements indicate that Cartwright Lumber has been profitable in each of the years from 2001. The net income has increased from $31,000 in 2001 to $44,000 in 2003. However, its cash balance has declined in each of the years. Large sales and profitability do not automatically translate into cash flows. The company has large balances ...

Business: Cookies shop

Trade Format: countertop type store; Store Location: Boulevard mall; Property Type: Rental space of 50m2; Working hours: 9 AM – 7 PM; Sources of financing: own funds – 26,300 USD. Key performance indicators candy store: Monthly Profit in six months = 83,000 USD; Net profit margin = 3872%; Payback = first 10 days.

Specificity of the business

Various pastry shops are quite lucrative, since vast majority of people like treating themselves with sweet pastries and cakes. The specificity of such products involves only the development of the store on the local market, which determines its marketing strategy. Most pastry shops produce sweet products themselves, which leads ...

Foing-nova is an IT company located in Varaždin, Croatia, which provides software for users of the state budget. However, Foing-nova remains a small business despite recently changing its location and expanding its headquarters. After consulting RajkoTomiek, who is the CEO of Foing-nova, it was clearly understood that the most suitable method of company’s expansion would be to increase their market share. Although, Foing-nova is expected to gain new customers by entering a new market and thus become more profitable. However, a strategy must be put in place to ease the diversification of the company and to ensure ...

Financial Statement Analysis

Introduction and overview: The Apple Inc. is one of the leading companies in the production of smart phones and other latest hardware appliances. The main products of the Apple Inc. are Iphones, laptops, tablets and other small appliances. The Apple Inc. is listed on the major stock exchanges and they have a number of stores all over the world that are providing the best customer relation and increasing the sales. The Apple Inc. is performing business in the technology field and their main competitors are Samsung, HTC, Intel and Motorola. ("AAPL Income Statement | Balance Sheet | Cash Flow | Apple Inc. ...

(a)Is management's intent enough to support the long-term classification of the obligation in this situation?

According to IAS guidelines, the company can exclude the short-term obligations from the current liabilities only if:

It intent to refinance the obligation on a long-term basis It has an unconditional right to defer settlement of the liability for at least 12 months after the reporting date Here, the intent of the management will be classified as enough, only if the entire process of refinance is complete before the year-end, i.e. 31st December, 2017. Therefore, if the company has completed the process post this date, then the management do not have have an unconditional right to defer settlement of the ...

About the paper

The paper discusses the use of funds in government accounting and will delineate how the fund balance represents the available spending resources of the entity. In addition, we will also comment on the special purpose fund in government accounting.

Government Fund and Balance of Fund

With regards to government accounting, Funds refer to the independent accounting mechanism with a self balancing set of accounts. The equity account, that represent the difference between assets and liabilities, refers to the fund balance, which the government or the respective department can use for future investment or to meet working capital needs. In fact, the overall objective of fund ...

Compare and Contrast Financial and Managerial Accounting

Compare and Contrast Financial and Managerial Accounting

Introduction

In the current world, the environment in which companies operate has become more competitive, and this trend worsens by the day. As such, it has become imperative that firms focus more on advanced and sophisticated means of gathering accounting information for them to react as required towards market dynamics. In this consideration, it is important for these companies to employ proper accounting practices, which might either be financial, managerial or cost accounting (Hoffjan, Nevries, and Stienemann, n.d.). This paper will, however, focus on the first two. It will explore their similarities, differences ...

The company considered for the financial analysis for the last three years is Tesla Motors Inc. the United States of America automaker that produces 100% electric cars. The headquarters of Tesla are located in Palo Alto, California between the most important companies of high technology in the world and with a new warehouse facility in New Mexico, United States of America. The company had a constant growth since its foundation in July 2003, but with a high proportion of liabilities in its assets, giving the company a caution condition between the investors. The following are the most important financial ...

Business

a) Define the term due diligence. How is it applied to the acquisition of new venture? According to the class textbook, due diligence is defined as a thorough analysis of every facet of an existing business. Due diligence is applied in the acquisition of the new venture in many ways. First, it is through the use of the due diligence that an entrepreneur will be able to evaluate the viability of the venture to be bought on various feasibility scales. Through due diligence, an entrepreneur is able to understand the current business situation and if there is any need ...

About the paper

The paper relates to performing a brief financial analysis for two coffee retailers, Starbucks and Dunkin Group. As part of this analysis, we will be using latest year financial statements of both the companies and will conduct the analysis using the liquidity ratio and Dupont ratio. The outcome of these ratios will help us in understanding how each company stands relative to its competitor in the industry.

About the companies

Important to note, the objective of this analysis is to compare the financial standing of two companies in the same industry, but of different size. Here, Starbuks continues to be the industry ...

Apple manufactures iPhone, its mobile brand, iPad, Mac, the personal computer brand, iPod, the Apple TV brand, a few software applications, a couple of operating systems, and some accessories. The company also sells digital applications through the Apple’s own app store, iBooks store and Macintosh app store. The Company sells its products worldwide through its retail stores, online stores, and direct sales force, as well as through third-party cellular network carriers, wholesalers, retailers, and value-added resellers. The company also sells third-party mobiles, related computer hardware and software, and related accessories. These products are sold via the company’s ...

The considered company is Tesla Motors Inc. Tesla Motors is an American company established in 2003 in California, United States of America. Under the command of Elon Musk, the company manufactures and markets vehicles as well as components and batteries for other manufacturers such as Daimler or Toyota group. Taking the name of the physical and engineer Nikola Tesla develops induction motors and compact systems with a lower number of a conventional heat engine moving parts. Also, the company has its patents for manufacturing, which have been released to the public since 2014 (Bloomberg, 2016). The main objective of ...

Introduction

The paper comprises of various tools to analyze the financial statement of Walmart that operates in the global environment. The financial statement analysis is not limited to horizontal, but it also includes ratio analysis to determine the stability, profitability, and performance of a company. The data is collected from annual reports of the company and recommendations are provided that help in understanding the actual financial position of the company. The core objective of the paper is to provide a clear view to the users of financial statements that also helps an investor in decision making.

Company Overview

Walmart is an American ...

Discussion

In this report, we will prepare the pro forma income and balance sheet financial statements for The Boeing Company using the percentage of sales method. The financial statements used in this analysis are included in the appendix section of this report. The percentage of sales method is a technique used in financial forecasting and is employed by business entities to predict their annual growth of sales and the amount of financing that will be required for the firm's goals to be accomplished. The sales growth is, therefore, key the to this process and has been determined before the preparation ...

Income Tax Accounting

Income Tax Accounting

According to IAS 12, deferred tax asset is used to describe an asset that will minimize the amount of tax that a firm wishes to pay in a future accounting period. In the future, it can be used as a write off element when the next tax period is projected to produce increased earnings. The IAS 12 offers that the difference in tax bases for an asset and deductible temporary difference is what creates a deferred tax asset. It implies that the future cash flows are significant. The taxes are usually plowed back into the business ...

Generally Accepted Accounting Principles (GAAP)

GAAP refer to accounting principles geared towards guiding firms in the preparation of financial statements through adherence to stipulated financial processes. GAAP incorporates authoritative standards, which are developed by numerous that facilitate the recording and reporting processes of financial accounting information (Barth et al., 2012: Kothari et al., 2010). The adoption of GAAP remains critical to firms as it promotes the efficiency of communicating financial information within the internal and external business environments. The process facilitates cross-examination and review of financial reporting among different companies in the market (Barth et al., 2012: Kothari et al., 2010). GAAP promotes the ...

New business owners often find themselves facing issues they had not previously considered when starting a business. Many new owners have recognized the need for their product or service and have identified a market for it. They are prepared for that aspect; it is how they came to start their own business. Other aspects however, such as accounting, employee oversight, and taxes are areas where most people have little expertise without actively taking the time to learn about these issues, but where many of the struggles small business owners face are originated (Collamer, n.d.). There are several basic areas ...

Alpha Group

Consolidated financial statement of financial position for the year ended 31st December, 2015. Items £ (000) £ (000) Long-assets 2014 2015 Investment property, fair value 2500 2500 Property, plant, $ equipment 4324 4818 Total long-term assets 6824 7318 Current assets Cash 200 140 Cash equivalent 30 20 Trade receivables 1900 1200 Inventory 1000 1950 Dividends 100 190 Non-controlling interest share 120 150 Inventory, fair value cost to complete and sell 180 150 Total current assets 3530 3800 Total assets 10354 11118 Equity and liabilities Share capital 1500 1250 Retained earnings 1910 1000 Profits for the year 1000 1250 Dividends payables 100 190 ...

In reference to your request for analyzing the financial statements of AS Company S.A Commercial Industrial Computer & Toy Company, I am highlighting some of the areas where the management is discretion is highly possible and can influence truthfulness, materiality and usefulness of the financial statements.

Referring to the income statement of the company, we found that the company has directly reported the operating income, however, there isn’t any discussion available for the operating expenses and operating income. This is a direct violation of IFRS standards for the preparation of financial statements and gives a clear opportunity for the ...

INVESTING IN THE FUTURE

Question 1: Discuss the role of investing in personal financial planning. It has been gathered from the case that Sam Johnson is a hard working guy and he has defined some financial goals for himself. He is about forty years of age, enjoys a great job and ensures that he pays his bill on time. He plans to retire at the age of sixty and he wishes to have enough savings so that he could send his young kids to college when they grow up. In order to ensure that he has ample amount in his savings before retirement, ...

Introduction

There are several options open to Acme Fireworks. As a sole proprietorship, the owner is able to hire employees. The biggest benefit of a sole proprietorship is the easiness of dealing with taxes and the easiness of running the business. There are some drawbacks to being a sole proprietorship, such as the fact that the owner is personally liable for any legal situation that arises through various contracts or business deals (Dishman, 2010). The owner of Acme Fireworks should strongly consider upgrading his sole proprietorship because the business contracts appear like they may be permanent; regardless, as Acme is ...

ANALYSIS

Analysis Net Sales and Receivables, Inventory, DSO and Liquidity The chart shows that net sales of the company are less than receivables for the entire period. This indicates that there were outstanding receivables at the start of the financial year. Thus, the outstanding amount at the start of every month plus the credit sales made during the month exceeds net sales. This happens because the company takes almost two months to collect receivables. The number of days taken to collect receivables is illustrated below. The DSO for the entire period considered is above 60 days in all the months ...

Company Overview

GasLog Ltd. is an international firm engaged in managing, operating, and owner of the LNG carriers that includes a fully owned fleet of 22 carriers (Reuters). The company primarily operating in the liquefied natural gas market by providing worldwide maritime transportation including technical ship management services to five of the LNG carriers owned by third-party subsidiaries. The company’s corporate office is located at Rue Du Ga, Monaco, and currently trading in New York Stock Exchange under the ticker symbol GLOG after being incorporated in 2006 (Reuters). The discussion aims to analyze the GasLog Ltd. in terms of financial ...

Introduction

This paper focuses on Automated Guided Vehicles (AGV), driverless, and autonomous trucks and cars—collectively referred to as “driverless and autonomous vehicles” in this paper. The transportation industry is one of the most important sectors in the world economy. It ensures that goods and services can freely flow within unrestricted (i.e. trade-able) areas. This is allowed through the fast and efficient (as much as possible) of commodities and people. The premise is that the faster and more efficient goods and people can be moved from one point to another, the more booming the transportation industry will be. A booming ...

Introduction

The primary purpose of using specific financial reporting frameworks is to ensure validity, uniformity, consistency and reliability of the financial reports. The IFRS and the US GAAP are two financial reporting frameworks that have some differences. The IFRS are often reliant on principles while the GAAP framework is founded on rules. The application of IFRS exceeds 110 states world over while the GAAP framework is mainly in the US and other few countries such as Japan. The US Securities Exchange Commission is, however, working on a way to adopt the IFRS like other nations. The two financial reporting frameworks ...

QUESTION 1

Adjusted Trial Balance Statement of Comprehensive Income Balance Sheet QUESTION 2 Financial ratios Financial analysis Analysis of liquidity Current ratio At the of the financial year 2015, the current ratio for British Airways was 0.5965 indicating that its current assets could pay off 59.65% of its short-term liabilities. This further shows that the company had a low liquidity since its current assets were insufficient to meet the short-term obligations (Gibson, 2012, p. 243). The ratio declined from 0.6512 in 2014 and 0.6300 in 2013. The trend shows that the liquidity of British Airways improved in 2014 but declined in ...

Organizational Chart

There are three types of decision making which are taking place at the different level of organization. At strategic level of decision, an overall picture of accounting information is needed which basically involves financial report such as balance sheets and income statement (Dichev, 2008). At functional level organization-level decisions that carry day to day, operations are taken. At functional level accounting data input and maintenance take place.

Q2. Users and Purpose of Accounting

Solution: Accounting refers to the recording of the transaction which includes the detailed examining of all the budgeting proceedings (Riahi-Belkaoui, 2004). The basic function of accounting is to provide all the information ...

A Report on Internet Misuse in Business Firms

Business organizations rely heavily on internet enabled systems in the present age. This has necessitated unrestricted use of internet in business firms, especially in creative area like graphic designing. This report addresses the same issue in a graphic design firm where the author works as an account manager. The firm is doing well and currently has a strength of 14 employees. However the owner is concerned about the unregulated use of the internet which allows the employees to download almost anything or view inappropriate web content in the workplace. The concern of the owner is justified because the irresponsible ...

Question one: What happens to the value of equity when the value of mortgages decline?

Under the scenario where the price of mortgages decrease, financial institutions such as banks will reduce their investments as well as the lending. Therefore, consumers will experience some difficulties while obtaining home equity loans. For instance, the withdrawal of capital in the United Kingdom put up extra pounds into the economy before the financial crisis. Thus, leading to negative pounds in 2008 (Investopedia). The declining value for mortgages have an adverse effects on the banking industry. It implies that falling mortgages will make financial institutions to lose cash especially when bank’s clients default from their mortgage payments. Consequently, ...

Vivendi SA

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Introduction

Vivendi SA is an integrated media group that operates throughout its value chain and is focused of expanding its business in order to provide unlimited means of entertainment to its customers. The company owns the leading subsidiary businesses like Universal Music Group, Canal+ Group, Gameloft, Ubisoft, Daily motion and Radionomy. The current paper aims to conduct the Resource Based View Analysis, Value Chain Analysis and Core Competency Analysis in order enlighten the resources, efficient work processes and market standing of the company.

Tangible Resources Financial The Net Cash Position of Vivendi SA indicates that the company has ...

Internal Analysis of Encana

Internal Analysis of Encana

Introduction

The oil and gas industry in North America is currently experiencing challenges and transition stage. The increasing need for the environment-friendly and sustainable forms of energy is affecting the industry negatively as more governments and companies are encouraged to use energy with no or low carbon emission. More companies are now developing solar and wind energy and create vehicles that can rely on electricity rather than oil. Such growing trend in the energy sector resulted to lower demand of oil and gas particularly in the North America. Many oil and gas producing countries and companies ...

An industry entails the production of services and goods by availing utilities to customers or transforming inputs into outputs. The outputs of industry are either used by other manufacturers for further production or by consumers in satisfying their desires. Operations in a particular industry might be the generation, extraction, production or transformation of goods and services at a given price level. There three categories in which industry can be subdivided based on the nature of products in subject or the process of producing it. These types of industries entail: i.)Primary industries This industry entails creating utility by hauling ...

Introduction

Multinational corporations across the world usually consolidate and present their operational results in financial and non-financial terms at the end of every term, usually a year. The financial aspect of reporting is supposed to comply with a clearly prescribed set of regulatory standards. The adoption of the International Financial Reporting Standards and GAAPs was meant to ensure that all compliant firms across the world produce financial statements that conform to the industry specific reporting frameworks and thus achieve a degree of uniformity in reporting. Different firms in operating in multiple locations operate under the strict guidelines of the specific ...

Description of the company

Woodside is an Australian gas and oil company that explores, develops, produces and supplies oil and gas. The company is composed of a portfolio of world-class producing assets, projects and develops in Australia and globally. The company has maintained a strong performance despite the challenges. In December 2015, oil prices reached an 11-year low. The Chairman’s report shows that he is optimistic. The proposed Browse Floating LNG (FLNG) is expected to improve the company’s income. Despite the falling oil prices, the company is confident of a sustainable growth and high returns on shareholders’ investment. It has taken ...

Executive Summary

The report comprises of two main tasks that are financial ratio analysis and distress analysis to determine and evaluate the financial performance of HSBC. The case study is prepared to analyze the financial conditions of HSBC. HSBC Bank Plc. is one of the largest financial services providers in the world. HSBC operates in Finance and Insurance industry that is highly competitive in the global market. The decline in values of current ratio, quick ratio, and cash ratio reveals that the company did not succeed in maintaining stability in its financial position, but the decrease of 0.02 and 0.01 is ...

Health organizations have different ways of implementing a specific approach to the management of working capital. Despite the differences in approaches, the aim of each organization is to have a positive working capital so as to meet its short-term obligations within the shortest time possible. This paper is going to analyze the working capital of the Saint Peter’s University Hospital in the United States, the factors that impact it, and if it is sufficient for day-to-day operations of the organization. Computation of working capital is based on the current assets and liabilities of a particular organization (Zelman, McCue, ...

Companies included in the NYSE are competing in different industries such as Ford Motor under the major auto manufacturers (Yahoo, 2016) while General Electric is operating in the diversified machinery industry (Yahoo, 2016a). However, these companies are operating on a global scale with General Electric’s customers located in 180 countries (General, 2016, p.20) while Ford separates its customers based on geographic regions such as North America, South America, Europe, Middle East & Africa, and Asia Pacific (Ford, 2016, p.8). This means that they are primarily subjected to local as well as international competitors within their operating locations.

Ford

The main ...

1. Jan and Bill Smith are developing a familiar financial plan for the future. They have plans to change and old and paid car with a new one, sell the current house to a new house. All the decisions they want to make require studying the current and future financial conditions of the family to avoid a bankruptcy risk. There is not enough information about the finances of the couple, but with the current assets of the family, it is possible to find valuable information. Table 1 shows the balance sheet of the family considering current assets and liabilities. ...

CAFR Brief

In government spending, each stakeholder needs to be accountable for any financial transactions undertaken. There are departments entrusted with the role of spearheading the government spending to ensure equity and trustworthy in government money spending. The CAFR brief below summarizes the Richland county government spending presented in terms of annual financial statements. This financial statement includes statement of financial position, statement of comprehensive income and statement of cash flow. However, the statement of comprehensive income and statement of financial position shows is the yardstick to which the accountability is ensured. Undeniably, when government money is spent with regard to ...

About the report

The objective of this report is to assist One-World Investment Consortium, who is planning to invest £150 million in Thomas Cook PLC, a British global travel company listed on the London Stock Exchange under the ticker sign of ‘TCG’. We duly understand the impact of our professional recommendation on Consortium’s final decision making related to investment, and therefore, we intend to be comprehensive in the approach our analysis. As for the structure of this report, it will be a two-part report. In the first section of the report, we will evaluate the past 5 year(2007-2011) financial performance ...

GAAP and Consolidation

The Generally Accepted Accounting Principles (GAAP) that are used in the United States issue very specific instructions on how companies should consolidate their financial reports when a merger or acquisition is accomplished. These instructions came as a result of the Enron scandal during the early 2000s, as the energy company shifted deadweight losses to subsidiary companies owned by executive staff to make its balance sheet look as profitable as possible. The losses were therefore hidden from public view, and contributed towards the impending financial collapse of the company. Because Enron led by example, the Financial Accounting Stability Board (FASB) ...

Income statement analyses

This is also called the income and expenditure account analyses or the profit and loss analyses whereby the sales less the costs should either give a profit or a loss depending on the product line. With regard to the ViiToR XP, sales are expected to rise over the next two years given the activity as has been studied over the past quarter. In the Asia Pacific region the sales are expected to rise by 17.36% each quarter based on the sales that have been lost due to stock outs. The costs of producing these products are not going to ...

Introduction

Amazon, Inc. has shown strong performance amidst the international and local competitors. The profit margins have bettered with the sales in 2015 as compared to 2014. But, along with profits, liquidity and capital structure also plays a critical role in determining the sustenance of the performance. To evaluate the same, the Liquidity and Gearing Ratios have been evaluated for the financial years 2014-15 and 2015-16 as shown in the below table:

Ratio Analysis:

Liquidity ratios – These indicate the short term capacity of the organization to readily convert its current assets to cash in order to cover the short term liabilities. The ...

Acme Fireworks

A number of factors are to be considered when it comes to taking the decision of the most favorable business structure for a specific commercial venture. Given the situation of Acme Fireworks, the pros and cons that need to be weighed before deciding on the business structure include the offering of highest protection, the highest investment return, and the most favorable rates of taxes. When there is a need for liability consideration, along with needs of employment and huge contracts, the recommendation to Acme Corporation owner would be to amend his status from the present sole proprietorship to a ...

Abstract

Performing the comprehensive analysis of the financial situation of AMC Entertainments, we have gained an optimistic review for the entity. Strong profitability driven by revenue growth and controlled cost structure will enlarge the podium of success for the company. On the other hand, high amount of operating cash flow growth, and a prudent spending on capital assets and dividend payment, indicates a sustainable approach of the company for maintaining balance throughout. Similarly, a sustainable proportion of debt-equity is apt according to the recent financial strength of the company and do not spark any source of concern. However, two issues ...

Abstract

The above paper appreciates the fact that most organizations go through difficult economic times and require effective working capital management. Moreover, the study recognizes the fact that inefficient management of the same has adverse effects on the financial performance of the business. Therefore, financial managers have an obligation to maintain a balance in liquidity as one approach to enhance the profitability of the firm. To achieve the study objective, the paper utilizes an efficient research design, which is believed to assist the business in achieving its set purpose. The study seeks to use data from three companies (Coca-Cola, Barclays ...

Abstract

Performing the analysis for this milestone within the purview of profitability and cash management efficiency using the traditional financial ratios and horizontal analysis, we have gathered a useful insight into the financial position of the company that confirms bullish run in the company. We initiated the analysis with the calculation of profitability ratios and found that owing to increased revenue figures and most importantly,controlled cost structure for cost of goods sold and operating expenses, the company was able to generate higher operating and net profitability compared to the previous year. Moreover, during 2015, the company was also able ...