Financial statement analysis

accounting standards that are widely accepted as appropriate to the field of accounting. Accounting regulations are necessary so that financial statements are meaningful across a wide variety of businesses; otherwise, the accounting rules of different companies would make comparative analysis almost impossible. An accounting regulation is a guideline for financial accounting, such as how a firm prepares and presents its business income and expense, assets and liabilities. The Generally Accepted…

Apple 2016 Audit Work Papers From: Date: 14th October 2016 Subject: SSA Risk Analysis of Apple Inc. Apple Inc. is one of the renowned technology companies that designs, manufactures, and sells its mobile technology devices. Since it is a multinational firm, the company experiences massive cash flow that requires a keen management and bookkeeping ensuring that no misstatements are one in any of its financial statement accounts (Apple Inc., 2016). At Apple, the main strategies involve designing,…

including an organisational chart, different channels of communication with the organisation’s key internal and external stakeholders and funding resources will be examined. In the second part, a SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis will be employed to examine the competitiveness of VAC in the service industry and some issues on conflicting interests will be identified. At the last part, the author will suggest a digital communication strategy promote the organisation to…

Direct Financial Interest or a material Indirect Financial Interest in the Audit Client as a trustee creates a self-interest threat. Similarly, a self-interest threat is created when (a) a partner in the Office in which the lead Engagement Partner practices in connection with the audit, (b) other partners and managerial employees who provide non-assurance services to the Audit Client, except those whose involvement is minimal, or (c) their Immediate Family members, hold a Direct Financial…

However, providing for financial mobility at minimum cost should gain priority as the main objective of liquidity management in the flow approach. As a result, three basic activities cash flow planning, implementation of early warning systems and resource planning for financial mobility should constitute the content of liquidity management in the same approach. These ideas proceed from the author’s attempt to integrate with the general theory, Donaldson’s concept of “financial mobility” and his…

One can never tell what he truly wants unless faced with many opportunities and has tried them hard enough. That’s definitely true, from what I have been through. Different from most other students, I didn’t start my accounting study until the second undergraduate year. And that’s exactly the time when I know that I finally find the thing I would devote to. Needless to say, that was quite a phenomenal change both academical and psychological, since the major I used to take was Chinese…

Each person has a vested interest in the bank and wants to make a profit. Banks need to meet their customer needs, as from the deposits that customers make allow for loans to be funded, and that is how a bank can grow for the future. As a shareholder, it is vital for the person to make a profit. For example, the vendor that installs the check imaging system for the ATM wants the product and service to be successful because if not, it affects the vendors’ reputation. Employees want to work for a…

Which types of financial statements are most important to Home Depot’s business? Financial statements that are easy to understand, relevant, and objective are useful to businesses. The primary financial statements that are most important to Home Depot’s business include the: balance sheet, income statement, statement of owner’s equity, and statement of cash flows. The balance sheet is important to Home Depot because it provides the company’s assets, liabilities, and owner’s equity on a specific…

Three companies were chosen and their financial statements were used and analysed to find the ratios. The companies that were used are: Select Harvest Limited, Webster Limited and Domino’s Pizza. All three of the companies are from the food companies listed on the ASX. The three different companies were chosen to find out whether which company is doing its best by making profit and which is doing the least by being in loss as well as determining the market capitalisation and comparing it with…

economic conditions continue to plunge, Competition Bikes must recognize their ability to meet these direct needs or not. The Acid Test ratio in the analysis illustrates year 7 at 4.52 while year 8 sits at 4.25. Due to the acceptable acid test ratio is .90 to 1.00 for most industries, it is benign to assume the high figures Competition Bikes’ analysis shows is strength and fortified enough to pay liabilities if they were to come due immediately (Horngren,…