Balance sheet

What is the meaning of GAAP and IFRS? GAAP is the abbreviation for generally accepted accounting principles. Which is the values and guidelines pointed out by the Financial Accounting Standards Board (FASB). IFRS stands for International Financial Reporting Standards which intel’s the accounting standards developed by the International Accounting Standards Board (IASB). Which is the global standard for the planning of shared company financial statements. The start of the U.S. GAAP and IFRS was…

Individual Assignment Part I: According to the data of Nike, Inc. and Timberland Bancorp, Inc. from December 2008 to December 2013 showed by the attached excel, the annualized expected return, standard deviation and correlation of the two stocks are calculated and revealed. Using the result of the closing price minus the opening price to divide by the opening price can figure out the monthly returns during the 5 years in order to obtain the average monthly return. Then, the average monthly…

PAC Resources A Case Study EXECUTIVE SUMMARY The Organization PAC resources were founded in 1994 by current CEO, David Dukakis. PAC resources started the company in small rented quarters in nearly vacant strip mall. Dukakis brought in Cliff McNamara early on as chief financial officer. McNamara managed the business, and Dukakis was the idea man and designer of the specialty components, patents of which were the backbone of PAC’s…

3.2 CORE KNOWLEDGE OF FORENSIC ACCOUNTANTS A forensic accountant is an expert in accounting and financial methods. When the companies keep on growing in size and density, detecting fraud requires a forensic accountant to become skilful in an ever-increasing number of professional skills and competencies. Here are some of the broad areas of expertise for a forensic accountant: • There should be an in-depth knowledge of financial statements and the capability to critically analyze them. This…

Income statements are an important component provided to business leaders and potential investors to clearly illustrate the financial health of an organization. It is important to fully understand the information provided within the income statement to accurately ascertain the information provided. A mistake made in the creation of an income statement can have massive consequences. Business leaders must clearly understand policies regarding revenue and expenses in order to correctly assess…

Celgene Corporation is a biopharmaceutical company that provides intensive care to patients with cancer and immune-inflammatory related diseases (Annual report on form 10-k, 2). On March 7, 2012, Celgene acquired Avila Therapeutics Inc to enhance treatment options for future patients with life threatening diseases. Avila is a clinical-stage biotechnology company focused on the design and development of targeted covalent drugs (Annual report on form 10-k, 103). As a result of this business…

Quick Ratio measures the ability of a company to fulfill its current liabilities with its most liquid assets. Overall, a rising quick ratio indicates that the company has enough cash to pay back its current liabilities. From the calculation, a decrease of Sleep Country’s quick ratios is prevalent between the 2014 to 2015 fiscal years. In 2014, the ratio reveals that Sleep Country had approximately $1.06 in quick assets for every $1 in current liabilities. However, in 2015 the quick ratio…

The Lufthansa group wants to be the greatest choice in air travel for the customers, shareholders, employees and fellow worker. In words the Lufthansa group are interested on taking the role of model of the global aviation market. Here are the 4 strategy of Lufthansa airways management; a. New concepts for growth The way toward enhancing some measure of an undertaking 's prosperity. Business development can be accomplished either by boosting the top line or income of the business with more…

Eljelly, (2004) explained that proficient liquidity administration includes arranging and controlling current resources and current liabilities in such a way, to the point that kills the danger of failure to meet due transient commitments and evades unnecessary interest in these benefits. The relationship in the middle of benefit and liquidity was analyzed, as measured by current proportion and money hole (money transformation cycle) on an example of business entities in Saudi Arabia utilizing…

Moserk Company Ratio Analysis When it comes to a business’s financial records, it is extremely important for them to be properly documented. Without keeping track of financial history, it is virtually impossible to see why or how a business is failing or succeeding. When looking at these statements, it is very important to understand their relationship to one another. One way these calculations have been developed and analyzed is through the use of ratios. Financial ratios produce a numerical…