Financial Statements Financial statements are records of relative financial information of organizations that are highly valuable to both internal and external users of that organization. The following four basic financial statements constitute the foundation of accounting: * Balance sheet * Income statement * Retained earnings statement * Statement of cash flows Purpose of the Financial Statements The balance sheet shows a clear picture of the organization’s financial
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Financial Statements Robert Greene Phoenix University Principles of Accounting I 290 Dr. Zeneo Williams June 18‚ 2013 Financial Statements To understand finances‚ the ability to decipher the data available must be attained. One of the tools used to do this is through financial statements. There are four prevalent statements used to achieve this. They are the balance sheet‚ income statement‚ statement of retained earnings‚ and statement of cash flows. These statements are a summary
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Financial Statements December 18‚ 2012 Financial Statements There are four main types of financial statements in the account world. Each statement has a difference focus and importance. Managers‚ creditors‚ and investors to learn about a company’s financial status and to make decisions about the company use the financial statements. Each financial statement type will briefly be defined and explained in this paper. Also‚ why these statements are of interest to managers‚ creditors‚ and investors
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Facility name: Golden Meal Restaurant First Mission Statement‚ Employee Mission statement: * Provide employee a like-home work environment. * Ensure individual human rights. * Suitable working hours. * Suitable safety equipments and procedures. We promise our employees like-home working environment with suitable working hours‚ ensuring their rights and maintaining their safety. Share Holders Mission Statement: * Take the restaurant to be one of the best places in town
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to create a futuristic and uplifting statement which has the wherewithal to take their organization into the future with hope and expectation. This is what a vision statement is; it gives the people an achievable goal to work towards. Not to confuse a vision statement with a mission statement they are similar whereas both can contain the core values of an organization; however a mission statement answers the question what is our business and the vision statement answers the question what do we want
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Company Mission The Mission Statement is a crucial element in the strategic planning of a business. Creating a mission is a building block for an overall strategy and development of more specific functional strategies. By defining a mission an organization is making a statement of organizational purpose. There are some basic elements that should be incorporated into a mission statement. First‚ the target audience is important. It needs to be established whom the mission statement will be directed to. Some
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THREE-PART THESIS STATEMENTS Definition The thesis statement is the most important sentence in the five-paragraph essay. Whereas a simple thesis statement is really just a topic sentence that is applied to an entire essay of more than one paragraph‚ a threepart thesis statement includes a three-part list of the essay’s main supporting points. Simple thesis statement: The Waterloo Campaign was a disaster for Napoleon. Three-part thesis statement: The Waterloo Campaign was a disaster for
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Balance sheet | Mar ’ 12 | Mar ’ 11 | Mar ’ 10 | Mar ’ 09 | Mar ’ 08 | Sources of funds | Owner’s fund | Equity share capital | 254.63 | 254.40 | 231.98 | 218.98 | 218.98 | Share application money | 3.41 | - | 7.57 | 21.32 | 21.32 | Preference share capital | - | - | - | 19.80 | 33.00 | Reserves & surplus | 1‚762.15 | 1‚236.00 | 1‚107.31 | 919.82 | 1‚172.53 | Loan funds | Secured loans | 1‚560.73 | 1‚763.23 | 1‚728.73 | 1‚920.90 | 1‚774.94 | Unsecured loans | 42.57 | 48
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Analysis of Organization (VI) Mission‚ Vision‚ Core Values‚ Operating Guidelines‚ Core Competencies‚ Goals The mission and vision statement of Lowes is true and acquire statement that speaks to their customer and their internal personnel which is their employee as these person guides the company’s to success. The vision statement is where the image comes to place for the business and the mission speaks on the objectives and values of the company. Lowes is about Improving Home for their customers
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Financial Statements Accounting is a function by which users can understand the internal financial workings of a company. Use of public accounting dates as far back as the late nineteenth century (Hendrickson‚ 2007) and continues today under the set guidelines that accounting professionals refer to as generally accepted accounting principles. These principles are set in the United States by the Financial Accounting Standards Board and the Securities and Exchange Commission (Weygandt‚ p. 9‚ 2008)
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