... statement offinancial position or in the notes Financialstatements Purpose offinancialstatementsFinancialstatements are a structured representation of the financial position and financial ... restatement of items in its financialstatements or when it reclassifies items in its financial statements, it shall present, as a minimum, three statementsoffinancial position, two of each of the ... prominence all of the financialstatements in a complete set offinancialstatements 12 As permitted by paragraph 81, an entity may present the components of profit or loss either as part of a single...
... profitability of the cooperative for a given period of time Although it does not show timing of cash-flows, the statement best describes the status of the business In the analysis of income statements, ... statement of operations More detailed reports may contain a statement of changes in patrons’ equity and a statement of cash-flows along with explanations detailing various aspects of the financialstatements ... degree of liquidity of each of the components of current assets In other words, if the current assets of a cooperative were mainly cash, they would be much more liquid than if comprised of mainly...
... might send a larger number of accounts receivable confirmations at year end The model requires an assessment of the risk of fraud (intentional misstatements offinancial statements) in every audit ... to the preparation offinancial statements, and much more The model requires auditors to gain an understanding of a company’s internal control, and to test the effectiveness of controls if the ... methodologies continue to be made by firms and some of those changes are highly significant AUDIT FIRM METHODOLOGIES 16 While all audits offinancialstatementsof publicly held companies are required to...
... Overview of the FinancialStatements This management discussion and analysis is intended to introduce the City of Altus’ basic financialstatements The City of Altus’ basic financialstatements ... government-wide financial statements, 2) fund financial statements, and 3) notes to the financialstatements This report, also, contains other supplementary information in addition to the basic financialstatements ... City of Altus, Oklahoma Report on Audit ofFinancialStatements June 30, 2007 Table of Contents Introductory Section Pages Selected City Officials Financial Section Independent...
... provide the same type of information found in the government-wide financial statements, but in more detail Unrestricted net assets of the Altus Municipal Authority, as of the end of the fiscal year, ... fund is the chief operating fund of the City As of the end of the current fiscal year, unreserved fund balance of the general fund was $ 362,972 The fund balance of the City’s general fund decreased ... construction of a water treatment plant Purchase of police vehicles and equipment Purchase of a motor grader Purchase of a spade truck This is trial version www.adultpdf.com 10 City of Altus Capital...
... fund financialstatements The government-wide financialstatements (i.e., the statement of net assets and the statement of activities) report information on all of the nonfiduciary activities of ... integral part of these financialstatements This is trial version www.adultpdf.com 23 City of Altus, Oklahoma Notes to FinancialStatements June 30, 2007 I Organization The City of Altus, Oklahoma, ... reliable source of water for the City The governing body of the District is a board of directors composed of a five member group of elected members Support comes primarily from the Cities of Altus,...
... are reported in the government-wide financialstatements as “internal balances.” Advances between funds, as reported in the fund financial statements, are offset by a fund balance reserve account ... example, as a result of employee resignations and retirements Long-term obligations In the government-wide financialstatements and proprietary fund types in the fund financial statements, long-term ... Reconciliation of government-wide and fund financialstatements A Explanation of certain differences between the governmental fund balance sheet and the government-wide statement of net assets...
... portion of those costs as an operating expense of the Altus Municipal Authority each fiscal year The amount of the current period expense is based upon the amount of landfill capacity used as of each ... closure cost liability as of June 30, 2007, represents the cumulative amount of such cost reported to date based on the use of approximately 78.12 % of the estimated capacity of the landfill The Altus ... amount of this gain, as of June 30, 2007, is $ 6,837,784, with a current year amortization of $ 381,686 recognized as an offset to interest expense G Debt issuance costs Debt issuance costs of $...
... (256,696) (29,194) (114,465) Excess (deficiency) of revenues over (under) expenditures 310,282 (25,000) 285,282 OTHER FINANCING SOURCES (USES) Proceeds of debt issuance Transfers in Transfers (out) ... 14,647 $ 134,876 $ 68,211 This is trial version www.adultpdf.com $ 122 City of Altus, Oklahoma Combining Statement of Revenues, Expenditures, and Changes in Fund Balances – Nonmajor Governmental ... OTHER FINANCING SOURCES (USES) Proceeds of debt issuance Transfers in Transfers (out) Total other financing sources (uses) 0 16,929 27,650 Excess (deficiency) of revenues over (under) expenditures...
... Audit ofFinancialStatements Performed In Accordance With Government Auditing Standards November 9, 2007 City Commission City of Altus Altus, Oklahoma I have audited the financialstatementsof ... considered the City of Altus’ internal control over financial reporting in order to determine my auditing procedures for the purpose of expressing my opinion on the financialstatements and not ... States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States Internal Control Over Financial...
... Structure of presentation • Definition ofFinancialstatements oBalance sheet oIncome statement oStatement of retained earnings oStatement of cash flows • Differences of use ofFinancialstatements ... Finance Definition ofFinancialstatementsFinancial statement is a report that records the financial activities of a business, individuals or any other entity There are basic statements: ... statement Statement of Retained Earnings Statement of Cash Flows Balance sheet Definition: a balance sheet or statement offinancial position is a summary of the financial balances of a sole proprietorship,...
... categories of ratios, and what questions they answer? Liquidity: Can we make required payments as they fall due? Asset management: Do we have the right amount of assets for the level of sales? ... 115.9% 54.6% 197.9% 139.4% 13 - 40 Analysis of Percent Change Balance Sheets We see that total assets grew at a rate of 139%, while sales grew at a rate of only 105% So asset utilization remains ... average number of days after making a sale before receiving cash Receivables DSO = Average sales per day Receivables $878 = Sales/365 = $7,036/365 = 45.5 days 13 - 14 Appraisal of DSO DSO 2005...
... of the financialstatementsof the listed 1.3 Factors affecting audit quality offinancial reports of listed companies companies 1.2.1.2 Classification of audit 1.3.1 Users of audit quality of ... AUDIT QUALITY OFFINANCIALSTATEMENTSOF LISTED From the viewpoint of auditors, survey results show that 65.9% of auditors in the survey thinks audit quality offinancial reports of listed Auditing ... quality offinancialstatementsof listed companies in the Vietnamese agencies of audit quality offinancial reports and especially for users of stock market Through detailed analysis of domestic...
... flow per White House Office of Management and Budget; net worth per Dept of Treasury, “2010 Financial Report of the U.S Government,” adjusted to include unfunded liabilities of Social Security ... Spending as % of GDP Out -of- Pocket Healthcare Spending as % of GDP 13 32 146 20 35 75 20 33 65 48 National1 Healthcare Spending as % of GDP % of Adult Population Considered Obese % of Americans ... definitions, see next slide Source: cash flow per White House Office of Management and Budget; net worth per Dept of Treasury, “2010 Financial Report of the U.S Government.” www.kpcb.com USA Inc | Summary...
... the Board of Management 16,073 16.8 11.0 BMW AG FinancialStatements The BMW AG FinancialStatements and Management Report for the financial year 2011 will be submitted to the operator of the electronic ... Board of Management members Subject to the approval of the proposed dividend at the Annual General Meeting of Shareholders, the remuneration of current members of the Board of Management for the financial ... value of pension obligations for the purposes of the Company FinancialStatements is measured on the basis of an actuarial report using an interest rate of 5.14 %, compared to an interest rate of...
... counter-intuitive effects on your financialstatements in matters such as: • Timing of recognition of assets, liabilities, profits and losses • Measurement of balance sheet items at nominal value, ... company’s own use or for profit Some also act as creators of emission reductions and/or consultants There are also examplesof companies running their own exchanges We consider some of the accounting ... reported in the financialstatements CRC Accounting for the CRC scheme will give rise to many of the same questions as for other cap and trade schemes, such as timing of recognition of the allowances...
... Infrastructure Development Corporation Follow-up Review of CityRail Passenger Security Refer to Appendix for: Chief Investigator of the Office of Transport Safety Investigations Independent Transport ... proposing the provision offinancial support for apprentices to study part-time and measures to raise the profile of engineering as a career This includes further support of RailCorp’s apprentice ... has resulted in a number of displaced RIC and State Rail Authority (SRA) employees The management of displaced employees includes redeployment/re-training or the offer of voluntary redundancy...
... the option for stage of the Outer Suburban rail cars, the refurbishment of Tangara trains, and delaying the replacement of the ‘R, S, L’ train sets until 2013 Acquisition of 626 new carriages ... restructuring of fares based on consistent distance considerations, transition of weekly fares to a 20 per cent discount, and an increase in the off-peak discount The table below provides a summary of the ... 20 Off peak return (%) (18) (15) (17) (39) In making its draft determination, IPART took account of a wide range of matters including (but not limited to): the impact on the affordability of...
... with crime falling for some offences but increasing in others Overall the risk of becoming a victim of crime had increased FOLLOW-UP REVIEW OF 2008 The objective of this review was to assess ... more than 30 per cent the risk of becoming a victim of crime has decreased from 14.76 to 9.08 incidents per million passenger journeys (mpj) Further analysis of offence types shows more varied ... and steal from person offences, and a slight decease in assaults The number of sexual offences has increased slightly since 2002-03 Incidents Change since 2002-03 Change % Offence categories -...
... 2nd quarter of 2009 Sustaining Native Forest Operations 2nd quarter of 2009 Tackling Cancer with Radiotherapy 3rd quarter of 2009 Registration of Health Professionals 3rd quarter of 2009 For ... Planned Tabling Date Managing Injured Officers: NSW Police Force 4th quarter of 2008 Heavy Vehicle Safety 1st quarter of 2009 Administration of Grants 1st quarter of 2009 Diverting Adult Aboriginal ... capacity of teachers and schools to improve the levels of literacy and numeracy in New South Wales public schools During the course of the audit we were impressed by the dedication and efforts of teachers...