content creation costs as incurred. Demand’s unorthodox approach to accounting for writer expenses as acquiring and amortizing intangible assets spreads Demand Media’s expenses over time and reduces its current losses on its income statement. Thus‚ Demand Media’s accounting could be considered misleading to investors of the IPO. 2. Is the company’s capitalization accounting policy justified? If yes‚ why yes? If not‚ why not? We do not believe Demand Media’s capitalization accounting policy is justified
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A PROJECT REPORT ON ―ANALYSIS OF FINANCIAL STATEMENT BY USING THE TECHNIQUE OF RATIO ANALYSIS” FOR ULTRA TECH CEMENT LTD AT KOVAYA‚ AMRELI‚ GUJARAT SUBMITTED TO TILAK MAHARASHTRA UNIVERSITY IN PARTIAL FULFILLMENT OF 2 YEARS FULL TIME COURSE MASTER OF BUSINESS ADMINISTRATION (MBA) Submitted By: FURKAN Y. KAMDAR (Batch 2008-10) Guided By: Prof.R.GANESHAN MAHARASHTRA COSMOPOLITAN EDUCATION SOCIETY’S PAI INTERNATIONAL CENTRE FOR MANAGEMENT EXCELLENCE CAMP PUNE-411001 1 Maharashtra Cosmopolitan Education
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ASSESSMENT OF FINANCIAL STATEMENTS Assessment of Financial Statements Judith A Vicks FIN7014-8: Managing Financial Institutions Dr. Ekanayake: Northcentral University June 23‚ 2013 ASSESSMENT OF FINANCIAL STATEMENTS Abstract It is important to understand the differences in how earnings and liabilities are generated or reported for different financial institutions. This paper will describe key points regarding the balance sheets of different financial institutions. Commercial
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Auditing: A Journal of Practice & Theory Vol. 30‚ No. 2 May 2011 pp. 19–50 American Accounting Association DOI: 10.2308/ajpt-50009 Financial Statement Fraud Detection: An Analysis of Statistical and Machine Learning Algorithms Johan Perols SUMMARY: This study compares the performance of six popular statistical and machine learning models in detecting financial statement fraud under different assumptions of misclassification costs and ratios of fraud firms to nonfraud firms. The results show‚ somewhat
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accountant to overlook certain financial figures from a balance sheet that may portray the business in a bad light to the public and investors. Omission may not seem like a significant breach of accounting ethics to an accountant because it does not encompass direct operation of numbers or records. This is specifically why an accountant must remain ethically cautious to circumvent falling into such a trap. Accountants need to be educated on what forms of financial statements frauds can be committed and
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Final Project: Analyzing Financial Statements By: Whitney Allen (Current ratio‚ long-term solvency ratio‚ contribution ratio‚ programs/expense ratio‚ general and management/expense ratio‚ and revenue/expense ratio for the years 2003 and 2004.) * Current Ratio 2003 2004 * Long-Term Solvency Ratio 2003 2004 * Contribution Ratio 2003 2004 * Programs/Expense Ratio 2003 1.0 2004 1.11 * Management/Expense Ratio 2003 2004 * Revenue/Expense
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Material Financial Statement Review What is the net income for the current fiscal year? Is it up or down from the prior year? Why would this information be important to investors? For FY15 the total consolidated income for Walmart is $17‚099 million. In FY14 Walmart recorded a loss from FY13‚ but is showing an increase with $16‚695 million in FY14 to FY15. Page 38 of the Annual Financial Report shows these figures along with many other figures. Investors look at the Annual Financial Report to
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Appendix A 2011 Financial Report Financial Review Pfizer Inc. and Subsidiary Companies INTRODUCTION Our Financial Review is provided to assist readers in understanding the results of operations‚ financial condition and cash flows of Pfizer Inc. (the Company). It should be read in conjunction with the Consolidated Financial Statements and Notes to Consolidated Financial Statements. The discussion in this Financial Review contains forward-looking statements that involve substantial risks and
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Financial Statement Analysis Assignment 1 This assignment is designed to get you to locate the annual report for a company and become familiar with the contents of an annual report and analysis of the financial statements. You are required to obtain the 2011‚ 2012 and 2013 annual reports of Square Pharma Ltd. and then answer the following questions. Question 1 Describe the principal activities of Square Pharma Ltd (hereafter Square). Name the members of Square’s board of directors and
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Analyzing Financial Statements December 16‚ 2012 Regina Campbell Calculate the following: Current ratio‚ long-term solvency ratio‚ contribution ratio‚ programs and expense ratio‚ general and management and expense ratio‚ fund-raising and expense ratio‚ and revenue and expense ratio for the years 2003 and 2004. 2003 2004 Current Ratio: .87 .90 Long Term Solvency Ratio:
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