Financial Statements

Foreign capital budgeting requires the use of foreign cash flows and local tax rates, but U.S. inflation rates and U.S. dollars at the current exchange rates can be used.

Balance sheet size means total of Assets or Liabilities

When owner invests more cash in business it increases the owners capital in business and business becomes more liable towards it's owners.

enter the formulas in the appropriate cells on the worksheet. Then enter the adjustment amount in column.

If they are a publicly-traded company you can find their financial statements at ww.sec.gov. If they are private, you will have to ask them to see their statements and they do not have to oblige.

Many websites are available to help one prepare a financial statement for a small business. Such websites include the Small Business Assocation, BizFinance About, and Dummies.

abnormal loss is part of income statement and shown under other losses section or abnormal losses section of income statement.

Balance sheet shows the varying capital structure in business in owners equity section of balance sheet.

The balance between incoming and out coming energy is called radiation balance.

you so right its in my science book

short note on GAAP

Refresh Rate

The cash flow statement is a document that shows a business how much cash came IN and OUT of the business over the last year.

An example:

A business may need to invest in new machinery or a some new premises but can only afford one option it can't do both. How does the business decide which option to choose? It may use a cash flow statement as a decision making tool - to help the business decide which investment option to pick.

The cash flow statement in this example may show in the previous year that the rent had risen increasing the costs and outflows. A new premises would be a cost but would protect the company from any further increases.

The machinery may be key to new products that the business wants to produce so the statement cannot be looked at in isolation - a business would need to look at all the final accounts and hear from all the departments. New machinery may be a cost but would generate revenue (cash inflow) whereas the premises would only be a cost (cash outflow).

The term 'solvency' means the ability to meet maturing obligations as they come due

Because we do not want to charge it to p & l account in the year when it orginated but slowly write it off over some years.

That really depends, I think more information is required to answer the question.

Can you explain what happened the the asset and what kind of asset it is specifically? Yes - a loan made some years ago will not be paid back. How do I record the `loss` in the annual balance?

Retain earnings and reserves are same because both of them are part of net income but the purpose of these accounts are different.

one year

Under the allowance method bad debt expenses are charged to allowance for bad debts accounts instead of profit and loss account because profit and loss account is already charged with the allowance amount created.

reserves surplus

Profitability