you understand by the concept of conservatism ? Why is it also called the concept of prudence? Why is it not applied as strongly today as it used to be in the Past ? (b) What is a Balance Sheet ? How does a Funds Flow Statement differ from a Balance Sheet ? Enumerate the items which are usually shown in a Balance Sheet and a Funds Flow Statement. 2 . (a) Discuss the importance of ratio analysis for inter-firm and intra-firm comparisons including circumstances responsible for its limitations
Premium Balance sheet Income statement Revenue
The analysis and application of the balance sheet Kuang xin Financial accounting is one of the most popular major in the world. In the study of accounting‚ people must know and use expertly the three accounting statement‚ balance sheets‚ cash flow‚ and income statement. It is the most basic and useful skill in one’s career of accounting. But in the four basic financial statement‚ the balance sheet or called statement of financial position is the only one
Premium Balance sheet
School is out for the summer which means more homework‚ reading‚ papers‚ and projects to do. Parents believe it “over burdens their children and sends many back to school burnt out and sick of learning”. In addition making the students summer/ break from school filled with “vacation homework”. Arguably the summer assignments are also to help the students prepare for what is going to be taught during the school year. First‚ have the parents ever wondered why there children would take honors/AP courses
Premium Homework help service Study skills Education
Journal Entries Example Company A was incorporated on January 1‚ 2010 with an initial capital of 5‚000 shares of common stock having $20 par value. During the first month of its operations‚ the company engaged in following transactions: Date Transaction Jan 2 An amount of $36‚000 was paid as advance rent for three months. Jan 3 Paid $60‚000 cash on the purchase of equipment costing $80‚000. The remaining amount was recognized as a one year note payable with interest rate of 9%. Jan 4 Purchased office
Premium Accounts receivable 1967 1983
is started. The company operates on a fiscal year‚ which ends September 30. Following is the post-closing trial balance as of September 30: [pic] .:. Additional information: 1. The balance of the materials account represents the following: [pic] .:. The company uses the FIFO method of accounting for all inventories. Material A is used in the stamping department‚ and materials B and C are used in the plating department. 2. The balance of the work in process account represents the following
Premium Balance sheet Inventory Depreciation
Open Book‚ painted by Pinkney Herbert in 2006‚ is an oil on canvas creation that uses a contrast of black lines and white spaces. When viewing the seventy-eight by sixty-eight-inch canvas‚ viewers gravitate to the emphasis of the dark‚ rectangular shape in the middle of the right side. This rectangular shape is probably the soul or meaning of what is inside the opened book. The thick black lines ripple out from behind the black rectangle to unite the idea of an “open book” and its pages. Without
Premium Eye Color Rectangle
Balance Sheet and Income Statement Jennifer Grayson BSA/500 June 4‚ 2011 Brian Keltch Balance Sheet and Income Statement The following four companies are related to the companies that have been in review over the last four weeks. These four following companies show how well the company has been doing over the last two years or not so well. The company has pulled their balance sheets and income statement to see if all the company’s financial needs are being met. If the company’s needs are
Premium Generally Accepted Accounting Principles Balance sheet Asset
Associate Level Material Open-Book Philosophy Quiz After reading this week’s required readings‚ take this open-book philosophy quiz. Answer the following questions in paragraph form. This is a short-answer worksheet‚ not an essay composition. 1. What is philosophy? Include a brief description of the different branches of philosophy According to our reading this week‚ philosophy comes from the Greek philein‚ which means “to love‚” and Sophia‚ which means “knowledge” or “wisdom.” The Greeks thought
Premium Philosophy Epistemology Logic
No More Silence By: David Whelan Book review Tears have dried‚ the curtains‚ closed. The audience roars; encore. No More Silence is the story of David Whelan’s traumatizing childhood and a secret that he kept for more than three decades. At first glance‚ this book would seem to be just another made up story although as one indulgences in its wonder‚ one would feel his pain and emptiness‚ his longing for acceptance and love. Hopefully‚ these mere five hundred words would sum up the marvel of this
Premium Psychology The Reader Emotion
Introduction Topic Area The broad topic our research paper will be addressing is corporate ethics and social responsibility. In a more specific sense our group will research whether or not Mountain Equipment Co-Operatives actions are deemed to be ethical and socially responsible. Research Question The research question considered: Is the Mountain Equipment Co-Operatives (MEC) track record or practices of corporate governance as a company in areas involving ethics and values including things
Premium Business ethics Corporate social responsibility Social responsibility