1.0 I nt ro du ct ion : In our country textile companies are doing very well business. So many competitors are in this sector. Lots of new companies entered this market. From all of them we choose two cement company for our report. We collect their financial statement & analyze them within three methods & we identify their comparative advantage. 1.1 Origin :This is the report comes from our FIN-245 subject. The course instructor Ms. Tarana Majid orally authorized the task of preparing
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Financial Statements: The Starting point In the Study Of accounting The principal means of reporting general-purpose financial information to persons outside a business organization is a set of accounting reports called financial statements. The persons receiving these reports are termed the users of the financial statements. A set of financial statements consists of four related accounting reports that summarize in a few pages the financial resources
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are two of the four key qualitative characteristics of financial accounting information. The others being understandability and comparability. Relevance requires that the financial accounting information should be such that the users need it and it is expected to affect their decisions. Reliability requires that the information should be accurate and true and fair. Relevance and reliability are both critical for the quality of the financial information‚ but both are related such that an emphasis
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Financial Statement Companies use several tools such as a balance sheet to make sound business decisions. A balance sheet is a quantitative summary of a company ’s financial condition at a specific point in time‚ including assets‚ liabilities and net worth. The first part of a balance sheet shows all the productive assets a company owns‚ and the second part shows all the financing methods (such as liabilities and shareholders ’ equity) Also‚ called statement of condition.
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Financial Statements December 18‚ 2012 Financial Statements There are four main types of financial statements in the account world. Each statement has a difference focus and importance. Managers‚ creditors‚ and investors to learn about a company’s financial status and to make decisions about the company use the financial statements. Each financial statement type will briefly be defined and explained in this paper. Also‚ why these statements are of interest to managers‚ creditors‚ and investors
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Are the world’s pharmaceutical companies heroes or villains? Pharmaceutical companies affect individuals all over the world a various amount. It could be like many of the 300 million people who live in America whose lives are greatly affected by pharmaceutical companies week in week out. Or it could be like some of the rest of the world’s population whose only interaction with pharmaceutical companies is when they buy the drugs over the counter. There are countless debates going on about whether
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Financial Statements Accounting is a function by which users can understand the internal financial workings of a company. Use of public accounting dates as far back as the late nineteenth century (Hendrickson‚ 2007) and continues today under the set guidelines that accounting professionals refer to as generally accepted accounting principles. These principles are set in the United States by the Financial Accounting Standards Board and the Securities and Exchange Commission (Weygandt‚ p. 9‚ 2008)
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Financial Statements Financial statements are records of relative financial information of organizations that are highly valuable to both internal and external users of that organization. The following four basic financial statements constitute the foundation of accounting: * Balance sheet * Income statement * Retained earnings statement * Statement of cash flows Purpose of the Financial Statements The balance sheet shows a clear picture of the organization’s financial
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IDENTIFY THE MAJOR FINANCIAL STATEMENTS AND OTHERS MEANS OF REPORTING. FININCAL STATEMENTS: The statements prepared to show the financial position of the business is known as financial statements. These statements provide financial information of an equity to internal and external users and decision makers. MAJOR FINANCIAL STATEMETS: The three main financial statements are as follow:
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Combined Financial Statements and Credit Group Financial Information December 31‚ 2012 and 2011 (With Independent Auditors’ Reports Thereon) KAISER FOUNDATION HEALTH PLAN‚ INC. AND SUBSIDIARIES AND KAISER FOUNDATION HOSPITALS AND SUBSIDIARIES Table of Contents Page Independent Auditors’ Report 1 Financial Statements: Kaiser Foundation Health Plan‚ Inc. and Subsidiaries and Kaiser Foundation Hospitals and Subsidiaries: Combined Balance Sheets 2 Combined Statements of Operations
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