Watt balance

averages provides the parties concerned with information about where the company is heading but also what has been successful and what areas need improvement (Tedor & Radu 2013). For the purposes of this report, the profit and loss statements and balance sheets, have been attained through not only JB Hi-Fi’s annual report but also IBSISWorld. The ratio’s which will be discussed below in the following section as well as industry averages and Harvey Norman’s 2015 figures are attached to Appendix 3…

substantive procedures related to management assertions, and brainstorm of potential fraud and extended procedures. Substantive analytical procedures related to consolidation policy Based on the preliminary analytical procedures about ratios and account balances, I found some risk areas and great changes from 2013 to 2014 in financial statements such as the net income, investments in unconsolidated businesses, cash and cash equivalents, contributed capital, and non-controlling interests. After…

Goodwill is explained as the ‘future economic benefits arising from other assets acquired in a business combination or acquisition that are not individually identified and separately recognised’ in AASB 3 Appendix A. Physical asset including buildings or equipment cannot be considered as goodwill, it should be an intangible asset that has no physical substance. And a business combination itself means ‘a transaction or other event in which an acquirer obtains control of one or more business’. On…

Planning, performing and reporting are the three major stages of auditing. The first stage in an audit is the planning stage. The planning stage consists of getting to know the client, pinpointing factors that could impact the risk for a material misstatement for the financial records, and creating an audit strategy (Wiley,2015). Marilyn Terrill is the senior auditor for the the Uden Supply Company audit, for this client she will need to perform the analytical procedures and calculate the…

The term of one-year is not desirable to investors and it may also limit cash flow. Expenses are accrued as marketing and promotion liabilities in the Consolidated Balance Sheets. Expected payouts for promotion are estimates, another thing that is an estimate is the increased liabilities. If these estimates are off in any sort of way it could affect future financial statements (Procter & Gamble, n.d.). Two Examples…

To obtain the data needed for the question, I first downloaded the dataset per instruction of the question. Specifically, I obtained the data of “rental commitments minimum – 5-year total” and “total liabilities,” assuming that these data reflect firms’ lease commitments and total liabilities. The dataset was then organized as follows: To throw out the “bad data,” I sorted out all the rows containing blank cells by the “filter” tool and removed all the duplicated rows by the “remove…

Assets In the year 2015, Tri-City had their current assets at $125,599,000, capital assets (net) at $109,509,000, and non-current assets of $21,763,000, which totals $256,421 in total assets. Their cash flow in cash and equivalents is $15,711,112, restricted cash investments are $51,418,000, patients’ accounts receivable are $43,587,397, and other receivables are $1,972,226. Their supplies inventory is $7,401,180, the pre-paid expenses and other assets are $2,691,937, and the estimated…

is average days of inventory outstanding and APP is average days of payables outstanding) You do: input formulas for the Gross Profit Margin, Net Profit Margin, Return on Assets, Return on Shareholders ' Equity, & Cash Conversion Cycle Pro Forma Balance Sheet I want all ratios in the same location on your spreadsheet. ASSESSING EARNINGS…

method, the units of production, or units of activity method of depreciation is effective for equipment evaluation. Also, this method involves extra bookkeeping to track the annual production. The next methods are the accelerated known as declining balance method and sum-of-the year’s digits (SYD). Furthermore, the theory behind these methods are is that some assets are likely to decline in value more rapidly in the early years of their life than in the later years, (Finkler, S.A., Ward, D.M. &…

estimates for future sales, cash collections and disbursement and day to day activities to be done in the implementation of the project. The above mentioned estimates will then be summarized to reflect an income statement and a balance sheet. The projected income statement and balance sheet also known as master budgets are used to control the activities of the…