No late submissions will be accepted. Assignment-1 The Procter & Gamble Company (P&G) The financial statements of P&G are Posted in BlackBoard‚ under “Handouts” Instructions Refer to P&G’s financial statements and the accompanying notes to answer the following questions. (a) What type of income statement format does P&G use? Indicate why this format might be used to present income statement information. (b) What are P&G’s primary revenue sources? (c) Compute P&G’s gross profit for each of
Premium Revenue Income statement Generally Accepted Accounting Principles
Chairman’s Statement Review of Operations Financial Review Directors and Advisers Directors’ Report Audit Report Group Income Statement Group Statement of Comprehensive Income Group and Company Statement of Changes in Equity Group and Company Balance Sheets Group and Company Cash Flow Statements Notes to the Financial Statements Property 01 Majestic Wine PLC Annual Report and Accounts 2012 Total sales (£m) 2012 £280.3 2011 £257.3 2010 £233.2 2009 £201.8 2008 £197.0 Chairman’s Statement Phil
Premium Financial statements Board of directors International Financial Reporting Standards
conducted the statutory audit of the financial statements of Karim Limited‚ a listed company‚ for the year ended 30 June 2012 under the Companies Ordinance‚ 1984. The job incharge has drafted the following audit report: Auditors’ Report to the Members We have audited the annexed balance sheet of Karim Limited (the Company) as at 30 June 2012‚ and the related Income and Expenditure Account‚ Statement of Comprehensive Income‚ Cash Flow Statement and Statement of Changes in Equity together with the notes
Premium Auditing Audit Financial audit
In the last ten years‚ one of the things that has been changing the way the World works is technology. From the invention of new hybrid vehicles to small things like 3D cell phones and TVs‚ many companies have been competing in a huge market to release the best product with the best features for customer satisfaction. Among these organizations we can find “LG”‚ “General Electric”‚ “Samsung”‚ and “Sony”; the last one is one of the biggest manufacturer of electronic equipment in the world and a good
Premium Sony Balance sheet Revenue
upgrades over the next two years. Use the following financial statement effects template (FSET) to illustrate the financial statement impacts for Apple of the customer’s iPhone purchase on the date of the initial purchase and at the end of each of the two years following the initial purchase under generally accepted accounting principles (GAAP). | Assets | = | Liabilities | + | Owners’ Equity | | Revenues | Expenses | Net Income | January 1‚ 2010: | | | | | | | | | | | | | |
Premium Generally Accepted Accounting Principles Income statement Revenue
auditing‚ however whistle blowing accounts for most revealed accounting fraud. Financial statement fraud will usually occur in such schemes as: fictitious revenues‚ timing differences‚ concealed liabilities & expense‚ improper asset valuation‚ or asset/revenue overstatements (just to name a few)‚ (Frempong‚ 2012). It is essential one be educated and thoroughly understand the different types of financial statement fraud schemes and the accompanying accounting transactions in order to better identify
Premium Balance sheet Generally Accepted Accounting Principles Asset
a wide range of small kitchen appliances including deep fryers‚ griddles‚ toasters‚ ovens etc. Blaine had just fewer than 10% of the $2.3 billion U.S. market for small kitchen appliances. During the year ended December 31‚ 2006‚ Blaine earned net income of $53.6 million on revenue of $342
Premium Dividend yield Stock market Stock
Debit or Credit Memos Excessive Late Charges Unreasonable Expenses or Reimbursements Strange Financial Statement Relationships Revenues with Inventory Receivables Cash Flows Payables Cost Per Unit Revenues with Revenues with Inventory with Volume with Financial Statement Fraud A Preview Volume with Scrap Inventory with Warehousing Costs Strange Financial Statement Relationships One change in one account‚ taken in
Premium Balance sheet Income statement Fraud
Sirius XM Radio Financial Statement Analysis In the previous project assigned to me‚ I completed a SWOT analysis of Sirius XM Radio where it was noted that the Sirius XM is firmly at the top of its industry. For the purposes of this project‚ I went through the financial statements of Sirius XM as well as computed several key financial ratios to indicate Sirius XM’s profitability‚ growth‚ performance‚ and efficiency amongst other things. I then compared these ratios to the industry averages as well
Premium Revenue Income statement Financial ratio
“hostile takeover”. In assessing Dollar General’s performance‚ we first must conduct an internal comparison‚ in which the Statement of Income shows both production and period cost had increased greatly which resulted in lower income; meanwhile‚ Ratio Analysis also points out relatively lower growth in revenues and profit margin. For external comparison‚ the Income Statement Comparison chart proves (Although DG still lead in net sales) its growth in sales dropped 43.3%‚ while its peers had significant
Premium Income statement Revenue Balance sheet