Annual report

Derivatives tend to be an intricate topic in accounting. So to begin, a basic understanding of derivatives is that they are a binding contract between two or more parties. The contract is for a future transaction of some underlying financial asset. The purpose for companies to implement derivatives are to aide them in managing risk by using a type of financial forwards, futures, options, or swaps. For example, a forward contract is when Company A believes Company B’s stock price will…

What is Sears’ management trying to achieve through decisions with respect to financial reporting for uncollectible accounts? Management’s objective was to find alternatives to better manage the way credit card charges were collected. The new system that was being used allowed the company to charge off customers’ accounts that neglected to make a payment within eight billing cycles. The intention of the new system was to assist the company in better managing their collection efforts giving them…

Forensic Accountants are accountants who conduct investigations, know how to use various computer programs and communicate well with others. Some forensic accountants specialize in specific industries that are susceptible to fraud. Insurance and banking industries are considered a higher risk for fraud. These accountants learn their business practices of these fields in order to understand what is happening and be able to stop the fraud. They need to be discrete when they are conducting…

The financial statements of any organization offer a large amount of information that is beneficial to the public, as well as a manager or administrator. A manager must be able to tailor the financial system with the purpose of obtaining essential data that assists in the process of identifying problem areas to be able to adjust policies and practices to correct the issue (Broyles, Khaliq, & Mattachione, 2009). By integrating existing financial and clinical reporting systems, administrators can…

Annual reports are publications that a company issues to its shareholders, financiers and regulatory firms at the end of a financial year. Public companies mostly provide it to describe their operations and the financial states. The first part of an annual report has combinations of graphics, pictures and accompanying narratives the are in line with what the company has achieved in the previous year. Typically, the annual report has income statements, cash flow statements, balance sheet and some…

(Wesfarmers Ltd 2015). As the result, Wesfarmers is also known as one of Australia’s largest private sector employers and has a shareholder base around 500,000. With that numbers of shareholders, annual report is really important to be made especially for a large company like Wesfarmers. As annual report is consists of information about a company’s activities and strategies which has a primary purpose of its accountability, particularly to shareholders (CPA Australia Ltd 2014).…

prior year and non-public support, which primarily includes investment income, change in value of split-interest agreements, and grants and contracts from government agencies was $46 million in 2014, a $40 million decrease over 2013. (“2015 Annual Stewardship Report,” 2015). ACS gives different types of awards to researchers with “unique hypotheses for cancer prevention and study, fostering the next generation of cancer research and creating a strong foundation of preliminary evidence to make…

Looking at Ocado’s annual reports, it is possible to derive information on its internal finance which consists of items such as inventories, trade receivables, trade payables and other items. In order to further analyse these sources of finance, calculations have been composed. Under inventories, consumables have not been taken into account due to the fact that they are defined as being goods which must be replaced regularly, whereas, regarding trade receivables, a deduction of £1.7m has been…

However, the official welcoming of community languages does not correspond with real practices. According to Oftede's annual reports, the status of community languages is still low, as well as their teaching. This “can be found at all levels: secondary, primary, teacher training, and at HE level, no degree courses for the most widely spoken community languages” . One more drawback of the educational policy of the UK is unequal access to education. For example, although newcomers who are not…

1. For October 2, 2011 on the Fiscal 2011 Annual Report of account receivable was noted at $386.5 million and for October 3, 2010 is $302.7 million. 2. Using their past historical experience, the customer credit risk and an applying the specific identification method is how Starbucks’ allowance for doubtful accounts is computed. The allowance for doubtful accounts for Starbucks reported at year of October 2, 2011 and October 3, 2010 was both reported at $3.3 million. 3. The acid- test ratio…