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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
What is the differennce between nopat and ending retained earnings?
Net operating income after tax is the amount which is available to the management for distribution between stakeholders of company while ending retained earning means that part of profit which is remaining to be kept for future investments after paying to shareholders as well as other stakeholders.
What are financial accounting packages Explain brief?
Financial Accounting Packages represent computer software that can be purchased in order to keep track of bank transcations, inventory, journals. There are many different types of Financial Account Packages.
Which items appear in the income statement column of the worksheet?
List of anything that produced income (e.g. selling goods, performing services, renting property), usually referred to as gross profit. You would list the amounts you actually received (minus discounts, returns, allowances, etc.).
Where can you find a balance sheet for subway?
You can't, Subway is a private company and is not obligated to release their financial statements to the public
Does common stock go on an income statement?
The Income statement summaries the revenues and expenses of a company for a period of time. Typically you will find Revenues and Expenses on the income statement. The expenses include the costs that are incurred to operate your business.
Common stock will be found on a Statement of Cash Flows, not on the income statement. The information below should help you figure out what information goes into what sheet.
Income Statement
Revenues
Less: Expenses
Equal: Net Income
Statement of Retained Earnings
Beginning balance, retained earning (usually brought in from the 1st day of the year)
Add: Net Income (from the Income Statement)
Deduct: Cash Dividends (usually mentioned somewhere in the problem)
Ending Balance, Retained Earnings
Balance Sheet
Assets (like cash, accounts receivables, land, equipment)
Liabilities (all the bills that have to be paid out)
Capital stock (also known as common stock)
Retained earnings (brought in from retained earnings statement)
Statement of Cash Flows
Net Cash provided by Operating activities
Net Cash used by Investing Activities
Net Cash provided by Financing Activities
What assets are likely to be assessed closest to market value?
· Cash and near-cash
· Account receivables
· Other current assets
· Marketable securities
Do you include warranty charges on the initial cost of a fixed asset?
Include the cost of extended maintenance/warranty contracts in the asset valuation if the contract is purchased at the same time (or soon thereafter) as the capital asset. Depreciate these contracts over the useful life of the asset not the the contract life. Do not capitalize payments for contracts not purchased at the same time as the capital asset.
how does mr blowhard's scheme affect the amount of income that the company would otherwise report nt it's financial statement and how does the scheme affect the company
32000-2000/5=31600
What should a businesses financial statement contain?
it should contain statement of comprehesive statement, statement of financial position and statement of cashflows
When a cash surplus exists on your income and expenditure statement you can?
increase your investments
What is financial literacy and why is it important to become and stay financial stable?
Financial literacy is described as the ability to manage personal finances and make informed choices with due knowledge about financial products in order to maximise one's welfare as well as to seek grievance redressal. It is important because Financal literacy imparts knowledge, aptitude and skills to make ordinary individuals into informed and questioning users of financial services.
What are the Effects of budgetary control on performance management?
Higher budgets, in real terms, create a unit that is expected to produce higher profits. Lower budgets, in real terms, create a unit that is expected to produce higher profits, or at least only corresponding porportional losses.
What are financial accounting 's objectives?
The main objective of financial analysis is to know company/industries financial status, its debt, revenue, expenditure, equity, share price, segmental revenue/expenditures etc.
With Financial analysis we can know the present company/ industry/ sector status and we can expect its future.
What are the differences between continuous and rolling budget?
A continuous budget is a rolling budget.
What happens to my financial statement if I don't record a prepayment?
The assets in the balance sheet will be understated as prepayment is under the assets account.
Does rent expense affect net income?
Yes all expenses reduces the net income so does rent expense also reduce the net income of company.
Is it ethical for a business to dress up its financial statements when applying for a loan?
Ethically speaking no. But a lot of companies do.
The company is not allowed to hide other loans they may have, credit checks would find that out. But a lot will make their assets look a bit better or increase profit a little bit.
What is Return on Assets DuPont?
Return on Assets DuPont is a ratio that shows how the return on assets depends on both asset turnover and profit margin. The DuPont Method or Formula breaks out these two components (asset turnover & profit margin) in order to determine the impact of each on the profitability of the company. This ratio helps to highlight the impact of changes in asset turnover and profit margin.
Formula:
ROA DuPont = (Net Income/Sales) * (Sales/Total Assets)
Why is is difficult to get KFC financial report or financial statements?
Because they are owned by Yum! Brands, and so the financial statements will usually be under that company as a whole. It is hard to find the individual reports from brands that are owned by bigger companies.
Why different sources of finance might be neededrevenue expenditure and capital expenditure?
this is beacuse revenue expenditure is for a short period of time therefore it wouldnt make sense for it to get a long term loan neither would it make sense it capital expenditure which is long term uses a short term method of finance
How are single-tenant net leased assets valued?
Unlike traditional real estate investments whose valued is determined exclusively by the real estate itself, a single-tenant, net-leased property's value is determined by a combination of factors including the tenant's credit, the length of the lease and rental escalations over the term, and, last but not least, the real estate. In markets where the real estate experiences wide valuation swings, a single-tenant, net-leased property will maintain its value because of its bond-like, long-term lease and the credit tenant guaranty for the lease.
