was “Financial Statements.” There are four financial statements to work with; Balance Sheets‚ Income Statements‚ Retained Earnings Statements‚ and Statement of Cash Flows. Balance sheets let you have a quick review of what assets‚ liabilities‚ and equity were distributed within the accounting period. Income statements show the business whether they made a profit or not. Retained earnings statement shows what the company decides to retain for them‚ after everything else is paid. The statement of cash
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order for you to feel that their statement has high credibility? An assurer must have the knowledge and expertise to assess the truth and fairness of the information being presented by the preparers. Auditors of financial reports need to be trained accountants with detailed knowledge about the complex technical accounting and disclosure issues required to assess the choices made by the financial report preparers. When undertaking an audit‚ the auditor should use professional scepticism‚ professional
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accountant to overlook certain financial figures from a balance sheet that may portray the business in a bad light to the public and investors. Omission may not seem like a significant breach of accounting ethics to an accountant because it does not encompass direct operation of numbers or records. This is specifically why an accountant must remain ethically cautious to circumvent falling into such a trap. Accountants need to be educated on what forms of financial statements frauds can be committed and
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Appendix A 2011 Financial Report Financial Review Pfizer Inc. and Subsidiary Companies INTRODUCTION Our Financial Review is provided to assist readers in understanding the results of operations‚ financial condition and cash flows of Pfizer Inc. (the Company). It should be read in conjunction with the Consolidated Financial Statements and Notes to Consolidated Financial Statements. The discussion in this Financial Review contains forward-looking statements that involve substantial risks and
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Income statements For the year ended 30 June 2008 : : Consolidated Notes Parent entity 2008 $’000 2007 $’000 2007 $’000 2008 $’000 Revenue from continuing operations 5 1‚354‚419 1‚230‚513 64‚453 208‚833 Cost of goods sold Other income Selling‚ general and administrative expenses Other expenses Finance costs 7 6 7 7 7 (608‚040) --(399‚411) (76‚420) (24‚986) (570‚979) 671 (355‚483) (63‚422) (19‚486) ----(1‚733) (15‚888) (21‚298)
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American‚ the Indian‚ was an inferior race…From the sixteenth century forward‚ blood flowed in battles over racial supremacy. We are perhaps the only nation which tried as a matter of national policy to wipe out its indigenous population.”-Martin Luther King Jr. In this quote‚ King is referring to the policy that the United States encompassed to take hold of the land pertaining to the Native Americans‚ The Indian Removal Act. But even before “The trail of tears” occurred the Indians suffered at the
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While watching "Trail of Tears" I noticed the hardship of wanting to stay in the same location from John Ross break apart due to other political needs which lead to relocation of the Cherokee tribe. With the horrific pathways of muddy terrains and snowy areas during the process of relocating many of the Native Americans died day after day. However they had no choice since it was either to stay at their original homes but disband from the tribe or to contiue in the tribe but to face the predicaments
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company operating chemist shops in Perth. A large portion of the sales transactions are done in cash. Opal claims on having strong control policies and procedures in place to monitor the employees handling the cash and to safeguard the cash. However‚ the proper implementation of those policies had been questioned by the previous auditor. Further‚ Opal is planning to expand to Albany and Mandurah. It is applying for a loan from the bank to get funding for the expansion. Before granting the loan
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might turn some people away from it‚ it can really sweeten health because of its disease preventing and health promoting phyto chemical compounds. Ampalaya is rich in iron‚ potassium‚ beta-carotene and other nutrients. Aside from its role as a healthy food‚ ampalaya is especially valued by diabetics for its known anti-diabetes properties. Ampy Jam is made out of bitter gourd and special sweeteners which can also be served to diabetic people. Many diabetic people suffer from their sickness which also
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the fact that financial statements shall contain the following information according to section 334(2) of the companies and allied matters act (CAMA) 1990 as well as statement of accounting standards (SAS) 2:profit and lossaccount;balance sheet; a statement of cash flow; value added statement; five-year financial summary; statement of significant accounting policies; notes to the accounts; group financial statement (in case of a group); chairman’s report; directors’s report; audit committee’s report;
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