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Financial Statements
A financial statement is a record of the financial activities of a person or business entity where all related financial information are presented in an orderly manner and can be easily understood.
5,583 Questions
How do you post ordinal shares on balance sheet?
To post ordinal shares on a balance sheet, you need to first determine the number of shares and their corresponding value. Then, create an equity section on the balance sheet and include a line item for "Ordinal Shares" with the total number of shares and their value as the amount. Finally, adjust the equity section to reflect any changes in the number of shares or value over time.
Do purchases go on an income statement?
No, purchases do not go on an income statement. The income statement only includes revenues and expenses directly related to the operation of the business. Purchases are recorded on the balance sheet as an increase in inventory or as an expense when the inventory is sold.
hi am nick cash flow is the flow of the cash in the business,
project, or financial product. It is usually measured during a specified, finite period of time. Measurement of cash flow can be used for calculating other parameters what give information on a company's value and situation.:)
penisland
Software lieance is consider as fixed assets?
Software license is typically considered as an intangible asset rather than a fixed asset. This is because it does not have a physical substance and is not expected to provide long-term economic benefit. Intangible assets are recorded on the balance sheet separately from fixed assets, typically under the category of "intangible assets" or "other assets."
How do you prepare a daily fund position report?
To prepare a daily fund position report, gather all the necessary information such as cash balances, investment holdings, and any outstanding trades or transactions. Update the report with the most current data, reconcile any discrepancies, and verify accuracy. Present the information in a clear and organized format, including details such as total fund value, any changes from the previous day, and any significant portfolio movements.
Which business below is most likely to have a cash flow that is cyclical?
A business that is most likely to have a cyclical cash flow is one that is tied to a specific season or time period. For example, a ski resort or a beachfront hotel may experience high cash flow during peak tourist seasons and low cash flow during off-peak seasons. Similarly, a gift shop that sells holiday-themed merchandise may have higher cash flow leading up to major holidays and lower cash flow during the rest of the year.
Where is a printable financial statement form available from?
There are many sites that a person may find a printable and/or downloable financial statement. For instance, the websites Financial Guides, Docum Base, and Word Explorer offer printable financial statements.
Does bank expense goes at income statement?
No, bank expenses do not typically go on the income statement. Bank expenses are usually recorded on the bank's own financial statements as part of their operating expenses. The income statement of a bank would typically include items such as interest income, loan loss provisions, and non-interest income.
What is a financial guarantee?
A non-cancelable indemnity bond guaranteeing the timely payment of principal and interest due on securities by the maturity date. If the issuer defaults, the insurer will pay a fixed sum of money to holders of the securities.
Does inventory goes into the cash flow statement?
Yes, changes in inventory do appear in the cash flow statement. Inventory is a current asset, and changes in inventory, such as purchases or sales, have an impact on cash flow from operating activities. An increase in inventory is subtracted from net income to calculate cash provided by operating activities, while a decrease in inventory is added back to net income.
What is an example of a cash flow business scam?
An of example of this is an individual having people invest in a company that doesn't really exist. He will then get more people to invest, and will pass on their money to the original investors. This is what's known as a pyramid scheme.
How is a loss of unrealized loss reported on an income statement?
If it is classified as an income security (Trading) then it is reported in the Income Statement under Other Rev and Gains.
If it is classified as an equity security (A4S) then it is reported on the income statement within Stockholders Equity Section in other comp income until realized.
How can one request a financial statement from the IRS?
One must fill out Form 433-F, which is also called a Collection Information Statement. This information will be used to assess your financial situation and determine whether you owe them money or will receive money.
Where can someone get a financial analysis manager?
One can find job opportunities for a financial analysis manager in various settings such as banks, financial institutions, consulting firms, corporate finance departments, and accounting firms. Additionally, they can check online job boards, professional networking platforms, and company websites for job listings specifically tailored to financial analysis and managerial roles in the finance industry.
What is the equation for efficiency?
-Keaton Rea
What other stakeholders might require financial information and why?
A stakeholder will require financial information to get an understanding of the performance of the organization. This record shows the assets owned, amounts owed, amounts invested in the organization and profitability to better manage the operations.
Why Accounting standard are unnecessary for the purpose of regulating financial statements?
Accounting standards may be unnecessary in the sense that preparing financial statements is seen as a legal requirement not one that should always be bound by the accounting principles. It isa priority to follow the rules stated by the law even if it may not agree with the known standard.
Interrelationships noted between Burger and McDonald's financial statements?
A gourmet burger is more than a typical patty topped with lettuce, tomato, and ketchup. Gourmet burgers go out the way to add toppings that are exotic and unique to provide a different flavor twist. A gourmet burger is not available at most restaurants. They can also be a tad bit expensive, but most burger enthusiasts will agree that it's worth the price and the trip to satisfy their taste buds.
OverviewGourmet burgers are normally found in restaurants that are more dine-in casual and upscale. They are not found in fast food restaurants. A gourmet burger is often not just a beef patty. Restaurants are increasingly choosing other healthier items in place of beef, such as a Portobello steak mushroom.
Gourmet burgers usually have toppings not found on regular burgers. They may have all the traditional toppings like lettuce, tomato, onion, pickles, ketchup, and mayo. They may also have fried onion rings, sprouts, roasted red peppers, sauerkraut, barbecue sauce, and fresh herbs like mint. Dressings of International origin like Asia, Greece, or the Middle East are commonly available, and several alternatives to cheese, such as yogurt or other creamy sauces, may be used.
The best way to find a gourmet burger in your area is to make a quick search on the Internet. Restaurants are good about listing their menus both in the phonebook and online, and you can see if they specialize in burgers with "extras."
ReviewA changing economy is one of the many factors that have made some choose to stay in rather than go out for dinner. Gourmet burgers cannot be purchased at McDonald's prices. A typical gourmet burger platter at most restaurants can cost, on average, from $7 to $10. This will usually includes a side like fries or slaw. Overall, that is not a bad deal, but still not pocket change, especially if done on a regular basis.
An alternative to this is to cook at home. There are dozens, if not hundreds of online sites with recipes for gourmet burgers. There are also cookbooks catered to burger enthusiasts and food magazines that regularly feature recipes. Food television programs, such as those found on the Food Network, can be a fun and entertaining way to learn a different style of dressing burgers. Online video sources, like YouTube, are also good places to pick up new recipes.
EDITOR'S TIP:
If you are a vegetarian, the gourmet burger experience can still be possible. Many restaurants have a standard vegetarian or vegan patty they can use to substitute for a beef one. You will still be able to get any toppings that come with a regular beef burger.
ProsGourmet burgers are more interesting than a typical burger. They are usually bigger than regular burgers. A variety of toppings and sauces not normally found on standard burgers make the burger experience tastier and less boring. Gourmet burgers provide the opportunity to sample more vegetables, exotic dressings, and even different types of breads.
ConsGourmet burgers are more expensive than regular burgers. Some can cost up to $10 or more. Most restaurants do not offer gourmet burgers. Gourmet burgers are not available in fast food settings.
Gourmet burgers can make an ordinary burger experience better by adding a variety of toppings, dressings, and sauces. A gourmet burger is usually bigger than most burgers and often comes with a side, such as fries or slaw. It will be more expensive than a standard burger by several dollars. For those who cannot afford or choose to save money and still want the gourmet burger experience, there are hundreds of recipes found in magazines, books, and online that teach how to dress up a burger at home.
Is alcohol profit margin higher than food profit margin in restaurant business?
Yes alcohol profit margin is much higher sometimes as high as 500% profit. My best friend owns a trendy bar in Newport Beach, California for the last twenty years and has told me his profit margin.
How do you solve net income from operations?
Net income is one of the most closely followed numbers in finance, and it plays a large role in ratio analysis and financial statement analysis. Shareholders look at net income closely because it is the main source of compensation to shareholders of the company (via dividends and share buybacks), and if a company cannot generate enough profit to adequately compensate owners, the value of shares willplummet. Conversely, if a company is healthy and growing, higher stock prices will reflect the increased availability of profits.
[InvestingAnswers Feature: Financial Statement Analysis For Beginners]
One of the most important concepts to understand is that net income is not a measure of how much cash a company earned during a given period. This is because the income statementincludes a lot of non-cash expenses such as depreciation and amortization. To learn about how muchcash a company generates, you need to examine the cash flow statement (click here to read 10 Things to Know About Every Cash Flow Statement).
Changes in net income are endlessly scrutinized. In general, when a company's net income is low or negative, a myriad of problems could be to blame, ranging from decreasing sales to poor customer experience to inadequate expense management.
Net income varies greatly from company to company and from industry to industry. Because net income is measured in dollars and companies vary in size, it is often more appropriate to consider net income as a percentage of sales, known as "profit margin." Another common ratio is the price-to-earnings (P/E) ratio, which tells investors how much they are paying (the stock's price) for each dollar of net income the company is able to generate.
If you'd like to read more in-depth information about using net income and other income statement line items, check out the following:
Income Statement definition -- Learn about this all-important financial statement used to calculate profitability.
Operating Income definition -- Learn how operating income is related to net income.
Price-to-Earnings Ratio definition -- Learn how to calculate and use the P/E ratio, one of the most used ratios in investing.
Financial Statement Analysis: The Income Statement -- Learn the most important components of the income statement and how to use them to determine a company's profitability.
How to Use Margin Analysis as an Investment Tool -- Learn how to use the three most commonprofit margin ratios to find the best investments.
How do you calculate material price variances and what are the possible reasons for such variances?
Following are the causes of material price variance: 1.There could have been recent changes in purchase price of materials. 2.Price variance can be due to substituting raw materials different from the original material specification. 3.Price variance can be attributed to the non availability of cash discounts which was originally anticipated at the time of setting the price standards. 4.Changes in transportation costs and storekeeping costs can also be contributing factors to material price variance.
What is the purpose of the adjustments column in the worksheet?
The purpose of the adjustments column in the worksheet is for the necessary adjustments for supplies and pre-paid insurance. It is also used the adjustment of merchandise inventory accounts to begin a new fiscal year.
What are the different accounting software packages?
SAGE
A really good online accounting application is eFinancials. This full feature application is available online 24/7 from any computer on the internet.
Numia is the best one online accounting software ever. I am using this software with my full satisfaction on my accounting solutions. Here we can customize our invoice style. We can look up the reports of our account details. I have enjoyed with my accounting because it is user friendly application. I had just maths knowledge only when i found it on the internet but now i have sufficient knowledge in accounting. It so intelligent. You may reach out your profit by using this software. You will be share your happy moments with some other after you start to use Numia.
Discuss the procedures in preparing a 10 column worksheet.?
Start with the Heading. There are three lines in the heading, the name of the company, the title of the report which is "worksheet", and the tag "For the Year Ended and then the ending date. List all the accounts on the accounts column. All the accounts entered in the trial balance and the accounts appeared in the adjustments. Then write the following Column Titles: Trial Balance - 1st two columns, Adjustments 3rd & fourth column; Adjusted Trial Balance - 5th & 6th columns; Income Statement on the 7th & 8th columns; and Balance Sheet for the 9th & 10th column. Then list all the debit and credit amount on their respective columns. The Trial Balance coming from the Trial Balance report. The adjustments coming from the different accounts that need to be adjusted (e.g. accruals, prepaid expense, unearned income, depreciation and bad debts) The Adjusted Trial Balance - by just combining the first two columns the Trial Balance and Adjustments to fill-up this column. Example: If there is an amount on both Trial Balance and Adjustment columns you need to get the sum of the two amount - if the amount is on the same side (both debit or both credit) otherwise get the difference. If only one of the two mentioned columns has an amount, just copy that amount on the Adjusted Trial Balance. For the Income Statement Column, enter all amounts under the accounts of revenues and expenses then the rest should be entered under the balance sheet column. Get the total of all the debit and credit of the different columns. Add an amount either on the debit or credit of the Income Statement to make both sides equal. Do the same with the Balance sheet column. Identify this added amount either as Net Income or Net Loss and write it under the Account Column below the first total.
