Financial Statement Differentiation Jeff Leo ACC/561 - Accounting Instructor: Grace Kalil May 27‚ 2013 University of Phoenix ACC/561 course textbook Accounting Tools for Business Decision Making Chapter One provides in-depth descriptions of financial statements generated by a business to analyze accounting information. The balance sheet‚ income statement‚ retained earnings statement and statement of cash flows reports provide a quantified view of the financial health of a business. Financial
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Introduction Financial accounting and management accounting both prepare and analyze financial data. However‚ certain aspects of these two fields are very different. This article discusses the various differences between financial accounting and management accounting. The differing characteristics to be discussed include the users of information‚ the types of information‚ regulatory oversight‚ and frequency of reporting. Users of Information Financial accounting and management accounting
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--------------------------- 2 I. Overall Analysis ------------------------------------------------------------------------- 3 i. Analysis of Assets and Liability ---------------------------------------------------- 3 ii. Analysis of Profitability ------------------------------------------------------------- 3 II. Analysis of Operating Efficiency ------------------------------------------------------ 4 III. Analysis of Ability to Repay -----------------------------------------------------------
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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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Simulation Review HCS/405 HealthCare Financial Accounting The simulation states‚ “Many hospitals in the United States are financially vulnerable because of the reduction in Medicaid cuts‚ funding cuts‚ and cuts in Medicare payments” (University of Phoenix‚ 2009). This simulation paper will show what some hospitals have to do to keep costs down. In addition‚ it will analyze financial indicators for decision making. This simulation will also show the financial accounting from a Cardiac Care Hospital’s
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Conclusion This Project has been very useful to me because I learned how to prepare cash flow statements and ratio analysis. This has improved my knowledge on financial statements which is very useful in business and commerce ever day. The work I did in this project has helped me to understand the techniques‚ applications and usefulness of financial statements to understand the performance of a particular company or enterprise without much difficulty and also understand how to prepare them in future
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Analysis of Why Health Care Information Systems Succeed or Fail by Richard Heeks‚ David Mundy and Angel Salazar Discussion of Article The main issue discussed in this paper is the apparent high rate of failures of information systems initiatives in health care organisations in the private sector and the public sector. The writers contend that while some Health Care Information Systems (HCIS) do succeed‚ the majority are likely to fail in some way because of conception – reality gaps as described
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Bal. $30 | | (c) | Made sales of $1‚300‚ all on account. Debit | CreditAccount Receivable $1‚300 |Service Revenue | $1‚300 | (d) | Received $800 from customers in payment of their accounts. Debit | CreditCash
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A business’ financial conditions are of major concern to all its stakeholders. As capital providers‚ investors and creditors rely on a company’s financial conditions for both the safety and profitability of their investments. The four basic financial statements are (1) Balance Sheet‚ (2) Income Statement‚ (3) Statement of Retained Earnings‚ and (4) Statement of Cash Flow (Kimmel‚ Weygandt‚ & Kieso‚ 2010). The balance sheet represents the financial position of a company for a specific period
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The Consolidated Statements of Earnings or the income statement tells financial statement users that there was a decrease in gross profit and net sales for the fiscal year 2008. The Consolidated Statements of Earnings show that the closing of underperforming stores‚ removal of new store openings from the pipeline‚ and staff reductions in many Home Depot projects resulted in $951 million in pretax charges. The difference profit and net sales is also a cause of fiscal year 2008 being 52 weeks and
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