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What is meant by interpretation of financial statement?
Interpretation is purely a synonym for understand and it is the ability to be able to comment on the financials and make future business decisions from that information.
What is financial control?
able to judge where to pay & not pay
How many months of data are available for cardholder account statement viewing at US Bank?
You should be able to get EVERY transaction - going back to when you first got the card ! It's standard practice for financial institutions to retain records of account activities - to counteract fraud ! The company may charge you for retrieving past data - but - they WILL be able to get it for you.
Identify the objective of financial reporting?
There are many objectives to financial reporting. The following are just some of the many:Tax minimization - a privately owned business who doesn't necessarily care about the net income computed on their income statement would have the goal to minimize tax. Since their general purpose financial statements are filed with their tax return, they would want to minimize the amount of tax. (Thus their objective is to get their financial statements to show a low income to minimize the tax they pay.)Stewardship - Shareholders or stock holders who have invested in the business are not involved in the day to day operations of the business; thus they do not know how the business is doing, so they turn to the financial statement to assess the business standing.Management evaluation - Stakeholders often want to evaluate the performance of the people managing the business and does so by looking at the financial statement. Some manager's bonus are reflective of the financial statements as well.Performance evaluation - Similar to management evaluation, but in a broad sense, (potential) stakeholders want to evaluate the overall performance of the business to see if they should invest in the business or not.Cashflow prediction - Creditors will be interested in knowing if they should lend the business money. It helps them to estimate whether the business will be able to pay back the interest and principal on the loan. Also shareholders will be able to evaluate if the business will be able to pay out dividends.Monitoring contract compliance - Some terms and conditions of banks limit the actions that management can take often by financial statement numbers. For example the business may have to maintain a certain current ration, not pay over a certain amount in dividends, or not take out more loans.
How many months of data are available for cardholder account statement viewing us bank?
You should be able to get EVERY transaction - going back to when you first got the card ! It's standard practice for financial institutions to retain records of account activities - to counteract fraud ! The company may charge you for retrieving past data - but - they WILL be able to get it for you.
Which type of financial ratio statement is used to judge how well an organization will be able to meet its short term financial obligations?
quick ratio
Financial stability is when you?
Financial stability is achieved when an individual or organization has a consistent income that covers expenses, maintains manageable levels of debt, and has savings for emergencies and future goals. It involves being able to meet financial obligations without relying on credit or assistance from others.
What is A financially stable person is able to?
A financially stable person is able to meet their financial obligations consistently, save and invest for the future, and handle unexpected expenses without going into debt.
What is a Solvent company?
A solvent company is one that is financially stable and able to meet its financial obligations, including payment of debts and other liabilities. A solvent company's assets typically exceed its liabilities, indicating a healthy financial position.
What does it mean when a company is solvent and how does it impact its financial health?
When a company is solvent, it means that its assets are greater than its liabilities, allowing it to meet its financial obligations. This indicates that the company is financially healthy and able to continue operating without the risk of insolvency or bankruptcy.
What happens if a bank defaults?
If a bank defaults, it means that the bank is unable to meet its financial obligations and may not be able to repay its depositors or creditors. This can lead to a financial crisis, loss of confidence in the banking system, and potentially require government intervention to stabilize the situation.
What is meant by interpretation of financial statement?
Interpretation is purely a synonym for understand and it is the ability to be able to comment on the financials and make future business decisions from that information.
Why would a financial manager want to slow down disbursements?
To create a float, or the difference between a firms actual money on hand, and the amount credited to the firm by the bank. Thereby being able to meet other financial obligations without actually having the funds to do so.
Why are commercial banks interested in the financial statement?
Commercial banks are interested in financial statements so they can see that how is business performing so that they can invest money in it as well as if business wants credit from bank is business will be able to return it back or not.
Were indentured servants able to nullify their labor obligations in court?
yes
What is balance sheet and briefly explain the purpose?
What is a Balance Sheet * In financial accounting, a balance sheet or statement of financial position is a summary of the value of all assets, liabilities and Ownership equity for an organization or individual on a specific date, such as the end of its financial year. * nIt is also described as a "snapshot" of a company's financial condition on a given datePurpose * nTo identify potential liquidity problems* ** Company's ability / inability to meet financial obligations** nthe degree to which a co is leveraged or indebted* nWorking capital* ** nHow strong a co is to meet its short term liabilities* nBankruptcy* ** nWill the co be able to meet its payments* nStanding vis-à-vis its peers
Why do you need to prepare financial statement?
Employees can also be potential investors and they may need the financial statements in order to decide whether or not it would be prudent to invest in the company. Also if they need to negotiate wages, they can use the financial statements to prove that the company can afford to increase their wages. It also helps employees to see the stability of the company (for example if the company is going to sink, they will be able to pre-empt the fact that they might not be around for much longer and be able to start looking for jobs elsewhere)
