Balance sheet Essay Topics

A Historical Look at U.S. GAAP

ABSTRACT This paper discusses the historical development of generally accepted accounting principles through its contributing sources from 1930 to the present. U.S. Businesses had been using double entry accounting since the 1800s yet no uniform accounting practices had been introduced until the American Institute of Accountants (AIA) recommended to the New York Stock Exchange in… View Article

Transactions and Balance Sheet Accounts

Directions: Briefly explain how each of the following transactions would affect a company’s balance sheet. Entry A: Purchase a new $40 million building,   financed 25 percent with cash and 75 percent with a bank loan. This transaction increases one asset account, decreases one asset account and increases a liability account. It is entered in the… View Article

Balance Sheet and Cookie Creations

CCC1Natalie Koebel spent much of her childhood learning the art of cookie-making from her grandmother. They passed many happy hours mastering every type of cookie imaginable and later creating new recipes that were both healthy and delicious. Now at the start of her second year in college, Natalie is investigating various possibilities for starting her… View Article

Haw Par Value Chain & Financial Ratios Analysis

1. PART ONE 1.1 Introduction Haw Par Corporation Limited is a multinational corporation engaged in healthcare, leisure businesses securities and real estate investment, among which we will mainly focus on Haw Par’s traditional business sector-the healthcare segment, which includes 9 subsidiaries (Annual report, 2010). Based on revenues generated and locations of manufacturing facilities, two prominent… View Article

Financial statement analysis

1. What is the purpose of financial statement analysis? The purpose of financial statement analysis is to provide information used by the business, potential creditors and investors. 2. If a company had sales of $2,587,643 in 1998 and sales of $3,213,456 in 2003, by what percentage did sales change during this time period? 24.18% a…. View Article

Risks in relation to Financial Statements

Financial Statements are prepared to show the true and fair view of the state of affairs of the company.Balance Sheet to show the position of assets and liabilities and Statement of profit and loss to show the net result of operations over a period. Relating to Financial Statements, the risk that we would be concerned… View Article

Balance Sheet and Income Statement Commentary

On JB Hunt’s balance sheet for 2011 lists current assets of $513,542,000 and current liabilities of $438,515,000, yielding a current ratio of 1.17, which indicates the company, has $1.17 of current assets for every $1 of current liabilities. The previous year 2010, the current ratio was 0.91. This shows a 29% increase in the current… View Article

Balance Sheet and Customer Segments

Exhibit 16 of the document showed DLJdirect’s income statement from 1994-1999 (in millions). Exhibit 17 showed DLJdirect key financial and operating performance. The revenue increased steadily from 1994 to 1997. The revenue increase $50 million in 1998 which is equivalent to 43% increase. In 1999 the revenue increased about $44 million. The income was stable… View Article

Interstate Hydraulic Manufacturing Co.

Interstate Hydraulic Manufacturing Co. is an established, family-owned manufacturer of hydraulic devices used in automobile suspensions and forklift trucks. From the factory in Muncie, Indiana, products are shipped to customers worldwide. All data processing is performed by a minicomputer, which handles payroll, billing, accounts receivable, inventory, and cost accounting. Workers clock on and off the… View Article

Competition Bike Incs

Horizontal analysis compares a company’s performance from year to year. I will be reviewing Competition Bikes Inc(CBI) balance sheets and income statements. During CBI year 6, 7 and 8 I have found their net sales , cost of goods to be fluctuating, and few various other items. The net sales from year 6 to 7… View Article

Heineken IFRS vs US GAAP

Like IFRS, reports prepared under US IFRS are presented: (i) statement of financial position, (ii) statement of comprehensive income, (iii) statement of changes in equity, (iv) statement of cash flows, and (v) notes including accounting policies. Unlike IFRS it is not required under US GAAP to present a statement of financial position as the beginning… View Article

Engagement Letter

The memo verifies the agreement of the purpose of the engagement and the quality and constraints of the services the firm offers. Talbot Auditing Firm will review the financial statements of Apollo Shoes at the end of the year. Talbot auditing firm will review the accounts such as the operations records, retained earnings, and cash… View Article

Nokia – Internal Analysis

Financial performance We start our internal analysis by looking at Nokia’s sales and profitability. Strong sales and profitability results can indicate that the previous strategies were successful and changes in either can implicate a change in the market viability (Aaker, Mcloughlin, 2007). In 2007, Nokia realized total sales of about 435 million units and a… View Article

Leslie Fay Case

The use of financial ratios assists the auditor in analyzing any unusual deviations from the expected results, (Gupta, 2004). The financial ratios are then compared with the entity’s ratios for prior periods as well as with ratios for other businesses in the same industry. A comparison with the industry ratios would have warned BDO of… View Article