Financial Statements

Bonds payable is classified as liability in balance sheet. That portion which is payable in current fiscal year as current liability while remaining portion as non-current liability.

Billable expenses are those which you incur and which will be billed to the customer for whom you did the work. This often includes Travel and Living expenses. Non-billable are those which cannot be billed to your customer, often alcoholic drinks, trips to lap dancing clubs, hotel movies.

Profit margin and turn over ratios vary from one industry to another The above said statement is true. Profit margin A ratio of profitability calculated as net income divided by revenues, or net profits divided by sales. It measures how much out of every dollar of sales a company actually keeps in earnings.

Profit margin is very useful when comparing companies in similar industries. A higher profit margin indicates a more profitable company that has better control over its costs compared to its competitors. Profit margin is displayed as a percentage; a 20% profit margin, for example, means the company has a net income of $0.20 for each dollar of sales. Looking at the earnings of a company often doesn't tell the entire story. Increased earnings are good, but an increase does not mean that the profit margin of a company is improving. For instance, if a company has costs that have increased at a greater rate than sales, it leads to a lower profit margin. This is an indication that costs need to be under better control. Imagine a company has a net income of $10 million from sales of $100 million, giving it a profit margin of 10% ($10 million/$100 million). If in the next year net income rose to $15 million on sales of $200 million, its profit margin would fall to 7.5%. So while the company increased its net income, it has done so with diminishing profit margins. Turn over ratio A measure of the number of times a company's inventory is replaced during a given time period. Turnover ratio is calculated as cost of goods sold divided by average inventory during the time period. A high turnover ratio is a sign that the company is producing and selling its goods or services very quickly. In the case of mutual funds, the percentage of a fund's assets that have changed over the course of a given time period, usually a year. Turnover ratio for a mutual fund is calculated by dividing the average assets during the period by the lesser of the value of purchases and the value of sales during the same period. Mutual funds with higher turnover ratios tend to have higher expenses.

Profit margin and Turn over ratios vary depending on the Company's Policy strategies and the Technology they are using. For example in Automobile sectors, the Profit margin and turn over ratios depends on the output, yield of the product they are manufacturing. This output & yield requires highly skilled professionals & technicians. The company is offering some highly salaried technicians or professionals. In this case, the high output results in high profit and the highly salaried persons with high technology results in low turn over ratios. In many of the small scale and medium scale industry, they usually prefer to have low salaried employees with the same skills getting the same output and yield with less technology. In case of IT fields, the Man power turn over ratio plays a major role in determining the companies Profit margin and Turnover ratios. In most of the IT companies Man power turn over ratio is very high compared to the other industries. This is because, they are focussing on the Project based Man power. They had to offer high salary for the experienced candidates even if the project gives them a low profit margin. Instead, they planned to have a fresher or a trainee to complete the project with low salary. This increases the profit margin and the turn over ratio but they are facing high Man power turn over ratio.

Amortization is the monthly depreciation of an asset that depreciates over time. Accrual is the sum money either earned or owed due to an monthly interest rate over months or years. So amortization does not deal with fiscal money and accrual is sum of money over time that needs to be paid or received (revenue).

change, close, & cover-up

Since 2011, new laws have been provided for how auditors remunerations must be disclosed. All companies must provide remuneration details in their annual report and large companies must also provide a detailed breakdown of the amounts paid to auditors and what services were provided.

3357.80

(A+)

under "Machinery and Equipment" depreciation rules apply

For Financial Accounting - i.e. for drawing up Balance sheet it makes no difference if the asset is used or kept on stand by. It is still classified under its broad category.


For Management Accounting - you may show it separate to identify the stand by resources at hand


Hope this helps!

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Yes it can. In this case it just means that overheads were higher than the gross profit (Sales less Cost of Goods Sold) resulting in an overal loss.

Liabilities are included on the credit side of the balance sheet.

balance sheet

Firstly, oh lol!

Total equity and common equity are separate things where there is preference shares are also issued in that case only shares issued to common share holders are included in common equity while in total equity shares issued to preference shareholders are also included.

A balance sheet account is any item that is found on the financial statement known as the balance sheet. The figures reflected on the balance sheet, consist of the ending balance of the balance sheet account. After all the transactions are posted in the individual balance sheet account's "T" account (involving debits and credits), the ending balance is the amount found on the balance sheet.

Well, it depends on if your talking about international trade or GAAP accounting, because they are vice versa on a balance sheet. Just remember for accounting purposes that the debits (+) are all on the left side of the balance sheet, and credits/equity on the right (Debt and Shareholder equity). If they are assets that are potentially future income (such as your asset holdings, accounts receivable, etc.) that they belong on the left side of the balance sheet with cash and what not. If it is a debt (or credit) such as notes payable, long term debt, and equity (in the form of issued stock) it belongs on the right side of an accounting balance sheet. If your question is based on international economics, well that may take more time to explain than I care to type. I hope this helps to answer your question.

US Generally Accepted Accounting Principles do not allow for any general reserve in the balance sheet. Reserves are recorded only for specific assets that may have declined in value, such as accounts receivable or inventory.

Off balance sheet financing means those agreement due to which asset is used by business but no affect on balance sheet like operating lease.

pro forma income statement means the budgeted or estimated income statement which tries to see the future business position before it happens in actual.

The comparison of your product's features against competitor's competing products.

Amount Paid For Good's and services , to attain some goal and purpose.

Friend's i think its a co0L definition or statment of Expense.

Income statement

Trend analysis and Growth Rate

Financial Rate

social responsibility accounting is concern with modern approach of accounting which include to make accounting information useful to the society

Hoover's has all kinds of company information.