KISS principle

2015 Assignment 3 laxman nayak [ASSIGNMENT 3] • Explain how assets and liabilities increase and decrease through credit and debit entries to general ledgers. The bookkeeping mathematical statement is a focal piece of accounting and bookkeeping. It can likewise give bits of knowledge into debits and credits. The fundamental bookkeeping mathematical statement is: Assets = Liabilities + Stockholders ' equity (if a corporation) Or Assets = Liabilities + Owner 's equity (if a sole…

A high Acid test is significant, current liabilities are short-term debts including accounts payable, other related expenses, and accrued salaries; if 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’…

As a Business Support Manager at the Department of Social Services (DSS), I provided strategic and operational financial advice to the Executive leadership group and staff. The advice I provided included internal budget queries, financial delegations, compliance and procurement. I managed a budget of over $18 million which involved forming strategic relationships with the Directors (EL2s) and the State Manager. An innovative approach that I utilised for internal budgeting purposes was to…

Financial statements Introduction In this assignment I am going to be looking at the financial statements used by a commercial business. I will be explaining the key compartment parts of the income statement of a commercial business and making a clear distinction between gross and net profit. I am going to be covering both the trading account and the profit and loss account and explain the difference between the two. I am then going to give examples of the key component parts of the statement…

RUNNING HEADER: MINI CASE 1: COMPUTRON INDUSTRIES Mini Case 1: Computron Industries Stephanie Walker Averett University Dr. Jeffrey Woo BSA554-M724-SU16 Comprehensive Financial Management May 2016 Mini Case 1: Computron Industries In 2012, Computron Industries, a manufacturer of electronic calculators, has been going through some expansion and growth. Some factors of this growth have include new sales offices, doubling of plant faculties and an expensive advertising campaign.…

The fair value and historical cost are fundamental approaches of accounting. They bring up major changes in the financial status of the entities. The main objective of financial reporting is to provide information on assest and liabilities about the particular entity, which helps it to make useful financial decision. The fair value (FV) is a common among accounting and finance professionals. Today the majority of the investors and creditors prefer FV. On the other hand these policy and…

Additionally, impairment charges also allow investors to be able to assess corporate management and how they make decisions. Companies that write off a lot of charges due to impairment have not made strategic investment decisions. On the other hand, managements that choose to take an all-encompassing charge should be viewed more favorably than companies that take recurring impairment charges-manipulating their position. Recent research conducted by KPMG, indicated “impairment charges have the…

week market high of 1.08 and low of 62 cents, they have continued a positive momentum with strong market performances in what has been increasingly challenging conditions. They have positioned themselves well with a strong metropolitan radio group, investment focus on growth areas, with radio expected to grow 4% year on year over the coming five years Ibis World (2015).This positions them importantly with just over 60% of proportionate earnings in growth media, compared to 44% at the end of FY13…

ncome statement： In order to analysis the financial statement thoughtfully, we apply the horizontal analysis technique to find out the significant change in dollar amount and percentage grow rate. From the income statement vertical analysis below (table 1), we could compare a series of financial statement data over a period of time. Sales revenue increase by around 10% from 2013 to 2014. If excluding the currency change, revenue from NIKE Company’s continuing operations grew 11 % for the fiscal…

Introduction There 's a European business, European Snowfun, which has demonstrated curiosity about being bought by Custom Snowboards. The very best recommendation with this growth should be to have a financial loan mortgage of $1,000,000 to buy European Snowfun. The lender will assess the loan to determine whether they 'll approve or refuse the mortgage to Custom Snowboards. The lender will go over Custom Snowboards bookkeeping records and also make its evaluation of the danger linked to the…