principles for presenting financial instruments as liabilities or equity and for offsetting financial assets and liabilities. [IAS 32.1] IAS 32 addresses this in a number of ways: * clarifying the classification of a financial instrument issued by an entity as a liability or as equity * prescribing the accounting for treasury shares (an entity’s own repurchased shares) * prescribing strict conditions under which assets and liabilities may be offset in the balance sheet IAS 32 is a companion
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effective for fiscal years beginning on or after January 1 1998. The major changes contained in respect of IAS 12 (original) are as follows: 1. The original IAS 12 required the companies to account for deferred taxes using the deferral method or the liabilities‚ also known
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750 | Intangible Assets | | 100‚000 | TOTAL ASSETS | | 563‚125 | | | | LIABILITIES AND SHAREHOLDERS’ EQUITY | | | Current Liabilities | | | Accounts Payable | | 0 | Total Current Liabilities | | 0 | Shareholders’ Equity | | | Capital | | 500‚000 | Retained Earnings | | 63‚125 | Total Shareholders’ Equity | | 563‚125 | TOTAL SHAREHOLDERS’ EQUITY AND LIABILITIES | | 563‚125 | 2) Income Statement for the year ended 12/31/2003 Net sales
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Institute of law Nirma University A Research Project On: “Comparative analysis of “limited liability partnership act 2008” with respect to “partnership act 1932” Submitted to: sub mitted by: Prof. Nizam Khan Abhijeet Dubey Asst. Prof. of Law ILNU 11BBL022 Acknowledgement I would like to thank my professor
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accrued liabilities a) liability (L) b) operating activity (O) Accounts receivable a) asset (A) b) operating activity (O) Property‚ plant‚ and equipment a) asset (A) b) investing activity (I) Food and beverage operations revenue a) revenue (R) b) operating activity (O) Golf course operations revenue a) revenue (R) b) operating activity (O) Inventory a) asset (A) b) operating activity (O) Long term debt a) liability (L) b)
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Calculations- Liabilities and Assets for PepsiCo Inc. based on their consolidated Balance Sheet Current Ratio= 10‚454 (Current Assets) | = 1.11% | 9‚406 (Current Liabilities) | | 2005 2004 Current Ratio= 8‚639 (Current Assets) | = 1.28% | 6‚752 (Current Liabilities) | |
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average cost can be calculated by completing the following: Cost of capital = amount of liability x after-tax cost of liability + amount of equity x the cost of equity. The amount of liability is given by: liabilities / assets. Because total assets equals to total debt + total equity‚ the fraction of equity equals 1 (debt / assets); essentially‚ the cost of capital is (liability / assets) x after-tax cost of liability + (1- debt / assets) x the cost of equity. Therefore‚ the table is filled in this way:
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Finance and Accounting Memo focusing on Managements Role and Responsibilities within ABC Complete Kitchens‚ INC SKS5000-8 Comprehension Strategic Knowledge Studies February 9th‚ 2014 Professor Nick Harkiolakis Memorandum To: The Board of Directors of ABC Complete Kitchens‚ Inc. From: Alexandra Kent Date: February 9th‚ 2014 Subject: Managements responsibilities regarding finances and accounting “Great organizations demand a high level of commitment by the people involved”-
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Mid-semester Notes Liabilities * Harm may be caused deliberately or carelessly * One person’s single harmful act to another person (deliberately or carelessly) can give rise to one or more legal liabilities * Legal Liabilities * Tortious Liability: harmful act can be a tort (civil wrong)‚ other than breach of contract‚ remedy is compensation (commenced through litigation) * Vicarious Liability: Liability for harmful act caused by another * Statutory liability: harmful act
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Financial Analysis Coca-Cola verses PepsiCo. Inc. XACC/280 Financial Analysis Coca-Cola verses PepsiCo. Inc. There are many different types of soft drink manufactures in the United States and throughout the world. The two most popular manufactures are Coca-Cola and PepsiCo. They are the two companies that are well known all over the world. These two companies have cornered the soft drink market with their products for many years. Coca-Cola and PepsiCo have kept their prices quite
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