Net income

Question 1: What are the main components of Batelco’s “Consolidated Financial Statements 2015”? Batelco’s Consolidated Financial Statements of 2015 comprises of the company’s statement of financial position, the company’s income statement and the statement of comprehensive incomes, the statement of changes in equity, the statement of company’s cash flows and the notes that incorporates the segment information. The consolidated financial statements of the Batelco’s Group in the year 2015 have…

The accounting equation is assets equals liabilities plus equity. The net worth is the value of assets owned after creditors’ claims are accounted for, or assets minus debts. Personal financial software can assist me in my personal financial decisions by organize my financial information in order to make it more useful. To…

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 example, on a balance sheet, each line item would be representative of total assets and in a cash flow statement, each line is conveyed as a percentage of the total cash and cash equivalents. The most common use of a vertical analysis is in a financial…

service which also fall in the same category as the donation. Patton Fuller Community Hospital financial statement balance sheet did match for both audited and unaudited with a total of $462,982 in 2009 and $421,314 in 2008. They have high patient net revenue which reflects to the insurance payments compare to the amount for other revenue which would be granted fund and…

its financial statements - income statement, balance sheet, and statement of cash flows. Every business firm, small or big, from a sole proprietor to Partnership to the business organization, all of it keeps the record of its financial transaction. It is known as financial statement. Financial statement is the mirror of the financial situation of a company. Financial statement includes various types of financial transaction depending on the operation of cash. Income Statement - It is the…

These statements include income statements, balance sheets, statements of cash flows, and statements for retained earnings. Income statements display revenues and expenses for a given period. “Revenues are increases in wealth for the company’s owners which come from the sale of goods or services to clients. Expenses are the consumption of resources that are needed to keep the company operating and in business” (Benedicto, 2008). Income statements cover a specific period of time…

encouraged employee ownership by offering stock-based compensation. Amazon did not have taxable income in 1997 as it finished the year at a net loss which resulted in an operating loss carry forward to be realized in 2011 (Amazon.com Inc., 1997). An analysis of Amazon’s current taxes and pension plans will give a reference to the amount of growth the company has experienced in the last 18 years. Income Taxes Corporations benefit from their ability to raise large amounts of capital by issuing…

1- The presentation of financial accounting information is governed by a combination of legal requirements and accounting regulations and conventions. Different types of business entities are governed by different requirements for the preparation of financial statements. Discuss the different elements of financial statement and support with examples from the Annual report of Starbucks. these components are "the building obstructs with which money related articulations are developed—the…

Under the Income Tax Assessment Act 1997, a taxpayer's total capital gain consists of both net capital gain subtracted from their net capital losses for the financial year (July 1st to June 30th). Variations on income tax liability depend on whether the taxpayer has made either a capital gain or a capital loss.1 Capital gains occur whenever costs are less than the gains on a capital asset. Conversely, capital losses arise whenever costs exceed a gain. 2 The most common event for taxpayers…

All four basic statements are integral elements to analysis the financial health of a company. Both internal and external stakeholders (managers and investors) are interested in income statements, balance sheet and statement of cash flow. Income statements report the results of operations over a period of time and it provides information about earning per share. That is why investors are interested in this report the most. Similarly, statement of cash flow statement reports useful information…