Statements

Financial Statement Fraud The auditor will focus on the red alerts that have been cited to point out to the probability that there is a case of fraud in the organization. The auditor will, through the memo, make it clear to the employees that indications of fraud and the steps that will be taken in relation to citing the scam in the instances it occurred. The red flags will be clearly cited in the memo. Through the red flags, the employees will comprehend the shortcomings associated with the…

Victim impact statements have long been a controversial issue among the justice system resulting in numerous debates and studies to obtain a conclusion regarding trial results. A victim impact statement (VIS) occurs during the sentencing phase of a trial which allows the victim or secondary victims to express the financial, physical, and psychological impact subsequently the crime. When victim impact statements are presented in court, regarding the content as irrelevant, longer sentences are…

“Dress For Less,” a store to find brand-name fashion at the lowest possible cost! Ross Store Inc. offers that and much more from apparel fashion to every day in home essentials, as the company stated in the annual report, “THERE’S ALWAYS A BARGAIN IN STORE.” For over 30 years in the industry recently consider the fastest growing retailer in the industry the company has focus on bringing fashion with discounts of 20% to 60% off store departments. Lets experience the marvelous world Ross Store…

Introduction Financial management requires the effective exploration of financial statements, the information relayed provides valuable insights into the health of a company (Lohrey n.d.). This report has conducted a performance evaluation and stock valuation for the JB Hi-Fi Group Pty Ltd (JB Hi-Fi). Australia’s largest home entertainment retailer, JB Hi-Fi sells home consumer products across 187 stores in Australia and New Zealand. By investigating the performance and stocks of a company,…

Statement of Cash Flows Every investor, creditor, potential partners or third party is interested in how well a business is doing before any money and/ or time is spent on that firm. In order for them to fully understand the financial well-being of a company, they must read a statement of cash flows. A statement of cash flow, is also known as “cash flow statement,” is defined as “a basic financial statement that provides information about cash receipts, cash payments, and the net change in cash…

There are three key components of a financial statement that any business manager should be aware of. The first, and one of the most important, is the income statement. It measures a hospitals profitability by tracking revenues, expenses and profit margins. The second, the balance sheet, “is a representation of the accounting equation of liabilities plus equity equal assets.” (Langabeer II, J. R., 2016, p. 60). It is a document prepared at regular intervals and gives stakeholders an idea…

I will be looking at the Tesco Plc Annual Report and Financial Statements 2014 in this week’s learning journal since it is the company I chose in my week 1. Before I delve into discussing whether I think they use accrual-based account or cash-based accounting I will like to define the terms. Accrual basis accounting simply means the process of recording revenue and expenses as they take place even though there has not been an exchange of cash, while, cash basis accounting as the name typifies is…

income statement and Balance sheet Each of the financial statements is on separate sheets for the annual financial report, here is a quick explanation how they working from the top to the bottom. Here is a summary which explains the lines, looking at the top and going down:  Sales acquiring expense for sales it requires businesses to maintain working balance.  To make…

Income Statement Analysis An income statement is a financial statement that measures a company 's financial performance over a specific accounting period. The company’s financial performance is measured by giving a summarization of how the business incurs its revenues and expenses through both operating and non-operating activities. Medtronic’s total revenue for the last three years were: $17, billion for 2014, $16.59 billion for 2013, and $16.184 billion for 2012. It’s total operating expenses…

The Walt Disney Company Financial Statement Analysis My cull of the company to base on in my financial statement analysis is the Walt Disney Company. This is a company that mainly deals with the regalement industry by animation. Its aim is to become one of the leading providers of entertainment and information to their audiences. This is done by their efforts to invest in creativity so that they are able to pull more audiences towards their oeuvres. Their commitment to creativity and…