illegal activity occurs. The first factor an auditor should consider is how the occurrence effects the financial statement and the penalty‚ if any‚ for the issue. The second factor to be considered is the integrity of the management staff and their reaction to the illegal occurrence. The last factor for an auditor to consider when an illegal occurrence happens is the internal controls over the financial reporting. “Smuggling” money into the US can result in fines. “Smuggling” from the Caribbean
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Financial Statements Paper John Doe ACC/290 January 3‚ 2013 Introduction In this paper it will go through: Identify the four basic financial statements‚ describe the purpose of each of the four financial statements‚ discuss how the financial statements would be useful to internal users such as managers and employees‚ and discuss how the financial statements would be useful to external users such as investors and creditors. Identify the
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uNIVERSITY aMERICAN COLLeGE sKOPJE | Analysis of the Financial Statements of Winery “Tikves” | Instructor: | | Student: | 3/13/2012 | Table of Contents: Introduction…………………………………………………………………………………….3 ANALYSIS OF THE FINANCIAL STATEMENT OF WINERY “TIKVESH”…………......5 Conclusion....................................................................................................................................7 References………………………………………………………………………………………..8 Introduction
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FINAL PAPER: Axia College HHS 265 Analyzing Financial Statements Part I Using Appendix B‚ calculate the following ratios: Current ratio Year 2002 2003 2004 Current ratio 104‚296÷139‚017 = 0.75 82‚058 ÷ 93‚975 = 0.87 302‚902÷337‚033 = 0.90 Long-term solvency ratio Year 2002 2003 2004 Long-term solvency ratio 391‚270÷310‚246 = 1.26 359‚863÷259‚979 = 1.38 699‚004÷338‚937 = 2.06 Contribution ratio Year 2002 2003 2004 Contribution ratio 617‚169÷1‚165‚065 = 0
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Running Head: FINANCIAL STATEMENTS Financial Statements Paper Ricardo E Mendoza University of Phoenix Principles of Accounting Sandra Hernandez 21 January 2010 Abstract In this paper I will discuss about the definition of accounting and the different financial statements that are use to monitor all the tangibles that flows within a company and how they relate to each other to control the flow of monies on any given business. Financial Statements Paper What is the purpose of accounting
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Financial statements‚ also known as financial reports‚ record the financial activities of a business in short and long term. The four financial statements are: balance sheet‚ income statement‚ statement of retained earnings‚ and statement of cash flows. A balance sheet reports the assets‚ liabilities‚ and net equity on a company. An income statement reports income‚ expenses‚ and profits on a company. A statement of retained earnings shows a company ’s changed retained earnings. The statement
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1002 FINANCIAL STATEMENT ANALYSIS ASSIGNMENT NAME:ANG KOK SENG I/C NUMBER:910420-10-5945 H/P NUMBER:+6012-7895400 STUDENT ID:201059 NAME OF LECTURER:MR. LOH YONG CHIANG SUBMISSION DATE:2nd OCTOBER 2011 SEPTEMBER 2011 SEMESTER ASSIGNMENT QUESTION: Compare Cash Flow statement and Balance sheet. Describe the accounting process in preparing a balance sheet. How are balance sheet and Accounting equation related and what is T account? Describe the steps in analyzing financial statement and explain
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TASK 1: Financial statements are used by both internal and external users to make economic decisions. The information within the financial statement aims to provide information about the financial position‚ performance and any changes in financial position of an enterprise. Financial statements should be understandable‚ relevant‚ reliable and comparable. Reported assets‚ liabilities‚ equity‚ income and expenses are directly related to an organization ’s financial position. AstraZeneca
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The importance of financial statements in a business is great. There are several difference reasons for a business to need financial statements. Yet first‚ financial statements need to be explained in order to know how they are used. Financial statements usually present the picture of the financial health of a given entity. It is also critical that a business comes up with accurate financial statements‚ not only for their record keeping for for the purpose of satisfying external reporting expectations
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Graduate School Theses and Dissertations Graduate School 6-1-2008 Detecting financial statement fraud: Three essays on fraud predictors‚ multi-classifier combination and fraud detection using data mining Johan L. Perols University of South Florida Follow this and additional works at: http://scholarcommons.usf.edu/etd Part of the American Studies Commons Scholar Commons Citation Perols‚ Johan L.‚ "Detecting financial statement fraud: Three essays on fraud predictors‚ multi-classifier combination and
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