Balance Sheet By definition, a balance sheet is a statement of an organization showing its financial position during a specific date or often at the end of every year. As such, it analyzes the assets, credits, and equity of the business to give the manager an overview aspect of the business. The major essence of a balance sheet is that it gives the manager or investors an idea of the company’s strengths and weak points and the amount invested by shareholders. Also, the main ideology driving the…
Financial reporting communicates what a company’s financial and operational condition is at any specific time. To make the reporting clear and concise, the Financial Accounting Standards Board (FASB) created the Generally Accepted Accounting Principles (GAAP) which is a set of standards that includes a set of codes that provide structure and organization. (Spiceland, Sepe, & Nelson, 2013, pg. 10) Similarly, international countries have created their own set of accounting standards. However, in…
Introduction The purpose of this report is to analyse and report on the financial performance of Sioux Appliances. It was requested by Baz, the sole owner of Sioux Appliances, and is to be submitted by Friday 5th of June, before 5:00 p.m. The scope of this report includes discussing the factors of: Profitability, Liquidity, Stability, and Asset Utilisation. The report is only restricted to the aforementioned points as there was a constraint on time frame so other topics could not be covered. A…
Netflix Financial Statement Analysis The online video streaming media has been in demand. But the most popular and shown to be on top of its competitors is Netflix. The company’s financial statement will be explained on how much of their success has increased in the past few years. Every company would like to expand their business and aim to be the best and the most successful they can be. But, being successful also includes taking risks. For example, taking a loan from a creditor. If a…
The City of Milwaukee Department of City Development (DCD) is a governmental agency in charge of promoting conditions within the City of Milwaukee to increase development, resulting in the creation of jobs and wealth. It helps promote development by encompassing current and future economic conditions to foster residential, commercial, and industrial development. It is also in charge of implementing strict environmental and ecological regulations during any planning and development scenarios.…
My name is Elizabeth Moss and I own Peyton Approved. Peyton Approved is an all-natural hypoallergenic dog treat business that supplies animals who have severe allergies and cannot eat regular dog treats, with another option. My sales from this business have steadily increased in the last year and Peyton Approved is ready to expand to a dog treat bakery shop. However, in order to do so Peyton Approved needs additional funding to make this dream a reality. Overview of the Company’s Accounting…
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…
CFO Tool 3 & 4 Whoever you are, and whatever income or debt you have, I think it is important to try to think of yourself like a business entity. Like a business you will have income and expenses. A balance sheet and an income statement tell a business what they are worth, defines income and spending, and also helps the firm set and measure goals. Both of these tools are useful for long term planning. A business is often measured by profits, and your budget is the same way. Since the…
Part 1 – Vertical and Horizontal Analysis Vertical Analysis A vertical analysis is a measure in which the entry of three of the major categories of the balance sheet are represented as a proportion of the total amount. The main advantage is that the balance sheets, income statements and other financial reports can be compared quite easily. The main idea of a vertical analysis is that it identifies each line item of a financial statement as a percentage of the main focus of the statement. For…
ADVANCED STRATEGIC MARKETING: THEORY & PRACTICE 4 (ASM401) 2ND SEMESTER ASSIGNMENT QUESTION 1 An Intel case study: identifying and creating new markets – a new strategy for a global leader SYNOPSIS: INTEL CORPORATION • CORPORATE SCOPE Corporate scope entails product and geographic scope. Product scope: According to Reuters, Intel is an American multinational company that designs, manufactures, and sells integrated digital technology platforms, computer components and related products. Meanwhile,…