Financial Statements

Yes, they can. Though on some procedural grounds, auditors can sure be dismissed.

Yes book value of any asset is the value which is shown in balance sheet of company while market value is not shown anywhere it is the price which any asset is saleable in market.

this is very sad when people who work for a large company complain that the company does NOT follow policy on ALL employees. they don't follow the return policy either!! if investors knew how much material lowes takes back they would NEVER place stock in Lowes at all. when I worked there in returns I got in trouble for not allowing a customer to return his item he purchased two years ago and had no receipt. what in the world???!!! on top of that he didn't have warranty for the item. what I know about lowes is that if a manager gets a call from a customer to corporate with a complaint they fire them which is the reason why management didn't want me to deny the customers return. I also have been in a situation where I denied a lady returning her broom THAT WAS NEVER PURCHASED AT LOWES!! the manager on duty took a broom off the shelf knowing that it wasn't the same broom and returned it for her with her driver license just to make the customer happy!! auditors and stock owners alike WHAT DO YOU THINK OF THAT??? you see...thank God I have another job because I couldn't last there much longer anyways. what they did to another co-worker was sad as well. she worked a 5pm or 6pm shift since she begun working there and had exceedingly passed her 3 month training/trial period. without her consent hr and the store manager (the two who I had problems with as well) changed her shift from 5pm to 6am!! she lives on the bus line with two kids and no transportation you jerks. on top of that how in the world can someone do that to someone else? people we are not speaking of an hour difference, a two hour difference nor even three but...11!!! when I helped her write a letter explaining that she couldn't do the changed hours and it was done wrongly the store manager Michael Owens denied he had any part in it and had the audacity to ask her if she was coming into work later on that week. by the way...that was a lie because both him and the Hr rep planned her schedule change. lol. to be honest I worked within lowes for 5 1/2 years. I've seen managers come and go as well as hr managers. these two who I and other people have had problems with are the ONLY managers I have really disliked and seen them do things unjustly. Hr manager who I am speaking of also told me rather than calling outside garden to verify plant returns to just TAKE BACK whatever the customer says it is on the receipt!! I told her I couldn't do that because the plant the customer may say it is truly may not be it and we could lose money!! because our store hadn't had a sufficient amount of employees working in that department her choice instead of having the customers wait was to have the company lose money and that's ok??? Michael the store manager hid roof rakes when ct had a major storm...isn't it in the policy that we are not to hide merchandise from customers unless the merchandise is actually purchased??? Furthermore why would a store have absolutely no signs up informing customers gas and propane items are prohibited from the store? so it leaves the worker to inform the customer who wants to return a gas powered item that he/she has to wait outside until help comes!! speaking of propane signs are they really big enough for people to see?? then you have customers getting upset because they have to leave their propane tank outside and angry because you told them to. They have a guarantee of 20-25 min. to get your order ready once set. If they do not the customer is guaranteed a $25 gift card. The store also lost money because employees who wanted to look as if they were the 'top dogs' in the selling department gave unauthorized sales on merchandise in order to sell the items. how can a company grow when there are people there doing the things they do??

Type your answer here... Read your book and learn.

Gross DSCR= Cash accruals ( Profit after tax + Depreciation) + Interest

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Installments of loan + Interest

Net DSCR = Cash Accruals (PAT + Depreciation)

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Installments

b

Unrealised foreign exchange gain on non-cash, monetary items are included in P&L, but non-monetary items such as prepayments for goods and services, PPE, inventory are not translated using historical exchange rate at transaction date and subsequently not revalued.

A payment made by a company to its shareholders is called a dividend.

Cash flow analysis is the study of cash inflows and outflows from which activities company received how much cash inflows as well as how much cash outflows from business. If cash inflows more than cash outflows there will be more closing balance of cash then openening balance of cash.

Cash Purchase - £112.50

Debit Bank - £112.50

Credit Purchases - £100.00

Credit VAT - £12.50

One can improve ROE or Return on Equity by simply increasing one's net income for the given amount of equity. Moreover, the other ways to improve ROE are:

1. Improving the profit margin = net income / sales

2. Improve the asset turnover = amount of sales / total assets

3. Improve Equity Multiplier = amount of assets for every dollar of equity x equal total assets / shareholder's equity

The keyword is "Unearned", because it is unearned it is a liability until after it is earned and is listed as such. Therefore, Unearned Revenue will be listed on financial statements that include "Liabilities".

Sales create revenue and positive cash flow for a company. All companies must eventually have sales to be profitable.

Sales are the driving force of revenue for an entity that has obligatory finances to be taken care of. More sales means(Well Profitable sales) sales that are over the monetary cost of the product or service are needed to pay overhead or operating costs. Please ask more intelligent questions!! Are you over 13 yrs. old?

revenues

Credit causes the decrease in assets only because assets has debit balance as a normal balance while all other items has credit balance and credit causes the increase in them.

Payment of insurance expense affects the balance sheet as it reduces the cash or bank balance which is part of balance sheet as well.

Many cash transactions result in changes between asset accounts, such as the receipt of an accounts receivable, the outright purchase of an asset or the payment of a pre-paid expense.

1. Misclassifications: Ensure that assets, liabilities, and equity are correctly categorized. For example, ensure that long-term assets are not included in current assets and vice versa.

2. Lack of adequate disclosure: Provide sufficient information to allow users to understand the nature and amounts of various assets, liabilities, and equity. This could include detailed notes explaining significant accounting policies, contingent liabilities, and related-party transactions.

3. Poor terminology: Use standard and clear terms for items on the balance sheet. Avoid confusing or ambiguous language that may make it difficult for users to interpret the financial position of the company. For example, instead of using vague terms like "Other assets," provide a breakdown of specific items that fall under this category.

yes. call and ask for corporate office, then ask for internal audit department. they will be able to help you.

It should be.

It is important to know which financial statements are being referred to in order to know which include significant account estimates. Providing the statements would be helpful.

9 steps

Income statement is prepared to find out the net profit or loss related to one fiscal year of business activities.

Personal Accounts- Debit-The Receiver; Credit-The Giver.

Real Accounts- Debit-What Comes In; Credit-What Goes Out.

Nominal Accounts- Debit- All expenses and Losses; Credit- All Incomes and Gains.