Financial Statement Analysis Through the analysis of three companies in different sectors‚ this paper will show some basic concepts‚ techniques‚ and conventions of financial accounting. The three different areas Team B covered include a manufacturing company (3M)‚ an IT service company (Fujitsu)‚ and a retail company (Publix). Team B used the information provided by these companies to calculate its main financial ratios‚ and compare those to the ratios common for the same industry and country
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Alec Long 3/29/13 2nd Hour How do Different Light Wavelengths Affect Planaria? 1. Background Information * Non-parasitic flatworm * Some have 2 eye spots‚ while others have several more * Move away from light * Have three germ layers- estoderm‚ mesoderm‚ and endoderm 2. Problem How do different light wavelengths affect Planaria? 3. Independent Variable Color of light 4. Dependent Variable Reaction to light 5. Experimental Group Group that receives
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until it becomes loose enough to remove. Now remove the lid and place it on the table along with the jar near the pieces of bread…softly. Repeat this process with the other jar. 8) Apply spread to bread. A butter knife will be required for this step. If you don’t have one‚ take this time to take one out. 9) Grasp the handle of the butter knife with one hand and place the blade in either jar. 10) Scoop up some of the jar’s content with the knife. The blade should now be covered in the
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Do financial statements tell the truth? Financial statements are often referred to as “reports”. As you scan the pages‚ you will find neat columns of precise numbers. Financial statements look objective. Looks can be deceiving. The questions that financial statements are intended to address do not have objectively true answers. Suppose a firm builds a factory‚ with custom-built machinery designed to specifically to produce the firm’s product. That factory would become an asset on the left-hand
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In the preparation of financial statements there are different formats used. Whatever formats used the results will be the same. There is no prescribed format for the preparation of the income statement. The company should select a method of presenting its expenses by either function or nature; this can either be as encouraged‚ on the face of the income statement‚ or in the notes. There are accounting standards such as IFRS (International Financial Reporting Standards) and GAAP (Generally Accepted
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Analysis of Financial Statements After reading this chapter‚ students should be able to: Explain why ratio analysis is usually the first step in the analysis of a company’s financial statements. List the five groups of ratios‚ specify which ratios belong in each group‚ and explain what information each group gives us about the firm’s financial position. State what trend analysis is‚ and why it is important. Describe how the Du Pont chart is used‚ and how it may be modified to include
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The first PhxKlips we viewed was “The Accounting Equation”. This taught us how to remember the accounting equation by remembering “ALOE”. I took an accounting class online for the community college in Baltimore‚ and was not taught “ALOE”. I liked that it gave us a way to remember the equation. “ALOE” is something you can always remember and does help to remember the equation. The equation “ALOE” means Assets= Liabilities + Owner’s Equity. This is the equation used for all accounting tasks and procedures
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True the objective of financial statements emphasizes a stewardship approach for reporting financial information It is False the purpose of the objective of financial reporting is to prepare a balance sheet‚ an income statement‚ a statement of cash flows‚ and a statement of owners’ or stockholders’ equity. It is False because they are generally shorter‚ FASB interpretations are subject to less due process‚ compared to FASB standards. It is True the objective of financial reporting uses an entity
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ABC SDN. BHD. (Incorporated in Malaysia) REPORTS AND FINANCIAL STATEMENTS 31 December 2010
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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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