 the equation used for the balance sheet

... stock in exchange for a building Issuing Preferred Stock • Accounting for preferred stock follows the pattern illustrated for common stock • Stockholders’ equity on the balance sheet lists preferred ... corporations use their retained earnings for declaring dividends to the stockholders Dividend Dates • A corporation must declare a dividend before paying it • The board of directors alone has the authority ... from the common stockholders’ investment in the company Objective Account for the Income Tax of a Corporation Accounting for Income Taxes by Corporations Income tax expense = Income before...

Ngày tải lên: 19/06/2014, 18:20

... usually in the same mailing with the annual report 3-27 Learning Objectives Describe the techniques used by financial analysts to transform financial information into forms more useful for analysis ... audit and describe the content of the audit report 3-24 Auditors’ Report Expresses the auditors’ opinion as to the fairness of presentation of the financial statements in conformity with generally ... Preparing the financial statements and other information in the annual report p Maintaining and assessing the company’s internal control procedures 3-23 Learning Objectives Explain the purpose...

Ngày tải lên: 29/06/2014, 03:20

... some of the more common misconceptions we, the authors, encounter in our training sessions See if any of them seem familiar ◆ The Balance Sheet tells me the value of the business’ ◆ ‘At the year-end ... better’ ◆ The accountant balances the Balance Sheet by entering a balancing figure somewhere probably profit’ These misconceptions will be dealt with at appropriate points in the book THE BUSINESS ... year-end the retained profit must be somewhere; in the bank, or the accountant’s drawer’ ◆ ‘If the company’s share price rises it has more money’ ◆ ‘If I compare the results of two businesses, the...

Ngày tải lên: 07/08/2014, 19:22

... expectations, therefore, have to be treated with respect ● If the performance of the business does not meet shareholder expectations: - some or all of the Board may be dismissed investors may sell their ... When the company prospers, Bill offers to buy the shares for £1,200 Alex hands over the piece of paper; Bill hands over the £1,200 Alex has made a gain of £200 The company has no involvement in the ... considers the ‘business plan’ ● The real value of the property ● How much you wish to borrow ● Your income and existing outgoings The mortgage agreement defines the terms of the loan As security, the...

Ngày tải lên: 07/08/2014, 19:22

... after the agreed credit period, pay for the goods they have received CASH Finished Goods, which are then ● START HERE ● ● ● DEBTORS/ RECEIVABLES FINISHED GOODS This process is referred to as the ... 22 the amount owed by customers for goods they have received customers are ‘indebted’ to the business also referred to as ‘Receivables’ part of Current Assets p21 the amount owed to suppliers for ... taken Lead time through the manufacturing process Range of products/services offered Moving from cash to other parts of the cycle entails risk and must therefore offer the prospect of a sufficient...

Ngày tải lên: 07/08/2014, 19:22

... re-cycling is, therefore, happening continuously, ie: there is no tank at the bottom of the model, simply a meter and a pump Every year the meter is set to zero and the profits are measured as they are ... and so the process continues THE BUSINESS FINANCIAL MODEL COMMON MISCONCEPTIONS ‘At the year-end the Retained Profit must be somewhere; in the bank, or the accountant’s drawer.’ Yes The Retained ... Whenever the business spends money it has an impact on the model Expenditure must therefore be: ● ● 36 Classified - in order for it to be reported correctly within the structure of the model...

Ngày tải lên: 07/08/2014, 19:22

... return on the Net Capital Employed ● The Report provides essential management information 65 THE BALANCE SHEET PUBLISHED FORMAT The Balance Sheet published format A Report to the Owners of the Business ... companies the Balance Sheet is subject to external audit (Note: different rules now apply for small companies) The format is required to show the comparative figures for the preceding year SECTION THE ... to be paid in the future but not in the next 12 months ● The format provides summary information only - the report is supported with detailed notes cross referenced to the Balance Sheet ● 68 In...

Ngày tải lên: 07/08/2014, 19:22

... not yet used for the products that have been sold will appear as Stock on the Balance Sheet ● Goods received, but not yet paid for will appear under Creditors/Payables on the Balance Sheet Example ... all the business costs have been met Earnings, therefore, belong to the shareholders Some of the Earnings will be paid out to the shareholder to give them income on their investment This is the ... accordance with the contractual agreement p14 Note - Interest must be paid whether the company has had a good year or not, so the greater the loan capital within the business, the greater the financial...

Ngày tải lên: 07/08/2014, 19:22

... available to the competitors Consider the dilemma: - provide information to inform the Owners - competitors use published information ● Therefore the practice tends to be to provide the legal minimum ... on their investment in the form of interest 30 Inventory: See Stock Loan Capital: Long Term investment in the business in the form of a loan Net Assets Employed: The accountant’s expression for ... 19 Fixed Asset: Facilities or Processes providing the infrastructure of the business These are purchased for use within the business rather than for purposes of re-sale Gross Profit: Sales less...

Ngày tải lên: 07/08/2014, 19:22

... Tips for Presenters Tips for Trainers ORDER FORM No copies Your details Please send me: Name The Balance Sheet Pocketbook Position The Pocketbook Company The Pocketbook Address The Pocketbook The ... DEPRECIATION OTHER METHODS NB There are other methods of calculating depreciation, eg: ● Reducing balance - where the depreciation charge is a fixed % per annum of the reduced balance (ie: cost less ... by the business ie: Cost less residual/scrap value at the end of the asset’s useful life to the business 103 APPENDIX TWO NB CALCULATING DEPRECIATION ● What is the effective useful life? The...

Ngày tải lên: 07/08/2014, 19:22

... POTENTIAL SOURCE OF FURTHER INFORMATION DOES NOT MEAN THAT THE AUTHOR OR THE PUBLISHER ENDORSES THE INFORMATION THE ORGANIZATION OR WEBSITE MAY PROVIDE OR RECOMMENDATIONS IT MAY MAKE FURTHER, READERS ... blocks for a diversified portfolio But ETFs have gotten a bad rap, too, especially for the role they played in the infamous “flash crash” of May 6, 2010 (see Chapter 2) and for the ongoing role they ... fund, for example), the annualized gain was 8.75 percent for those funds in the costliest quartile of funds; the gain for the least costly quartile was 9.89 percent Why ETFs are cheaper The management...

Ngày tải lên: 16/03/2014, 21:20

... diet (LID) The diet is to prepare for the RAI Using the diet is recommended in the guidelines of the American Thyroid Association The patient follows the diet when preparing for RAI either by temporarily ... temperature to high and add the wine to the pan to deglaze and cook off Then, add the tomato paste, the onion mixture, and the chicken Cover the pan, lower the heat to simmer, and let the chicken cook thoroughly ... heat, throw in the sage and mix it up Spoon the mushrooms over the chops For the potatoes, peel and dice them into cubes Boil in water for about 15 minutes Drain and mash them with the juice Contributed...

Ngày tải lên: 22/03/2014, 16:21

... mA The measured latency was the time span from the stimulation to the beginning of the first wave, whereas the amplitude was the voltage difference between the positive and the negative wave The ... faults in the left and right forelimbs The sum of foot faults (SOFFF) in the forelimbs is defined as the number of faults of right and left forelimbs, whereas the differentiation of forelimb foot ... were incubated for at 65°C in a thermal cycler and quickly chilled on ice The thermo-profile of the cDNA generation was 42°C for 15 and 95°C for min, ending at 4°C Real-time PCR The level of gene...

Ngày tải lên: 18/06/2014, 16:20

... recognized in the income statement over the term of sheet date Where the effect of the time value of money is the borrowings material, the amount of the provision is discounted based on the enterprise’s ... due to the of the top 250 executive personnel Group-wide weaker US dollar, which decreased by 7.5% against the Swiss franc These financial targets provide the basis for calculating the performance-related ... statements in foreign currencies are translated at the average exchange rate for the year, whereas the balance sheet is translated at year-end exchange rates MD & A 85 In order to reduce the effects...

Ngày tải lên: 30/07/2014, 17:22

Ngày tải lên: 07/08/2014, 18:21

... haploinsufficient [10] In the current study we used another pair of DNA repair genes - Atm and Brca1 As was the case in our prior study, the background transformation frequency of MEF was the same for all studied ... the 300 known cancer genes [34] Many of these genes maintained their hemizygous status in the tumors that developed as a result of their hemizygosity In general, the only difference between the ... Transformation frequencies for these cells were nearly two times higher than the one of wild-type cells Brca1 hemizygotes show a similar transformation Page of frequency as the Atm hz, however, the...

Ngày tải lên: 09/08/2014, 08:22

... these people hold a traditional knowledge pertaining to the use of natural resources as medicines for community welfare For their livelihood these tribal people are totally dependent on the forest ... animal used, the diseases or ailments the animal-derived medicines are thought to be effective for, and the ways the treatments are carried out Table summarizes the present conservation status of the ... vertebrates Of the zootherapeutic species recorded in the present study either whole animal bodies, body parts, or the animals’ products were used Zootherapeutic animal body parts or their products...

Ngày tải lên: 10/08/2014, 09:21

... in the company of the informants and their vernacular names were registered Page of 18 They were then identified by the authors, and herbarium specimens were deposited in the herbarium of the ... 0.9 Others 4.4 3.3 Other remedies In addition to the aforementioned plants, many other preparations, concotions and applications involving the most varied ingredients are also used for therapeutic ... affecting the animal For it to be effective, it is crucial to know the animal’s name, type/colour of its coat and the affected place, as well as not to see the animal while the therapy lasts for the...

Ngày tải lên: 10/08/2014, 09:22