hey what about the balance sheet

... represent the stockholders’ equity (ownership) in the assets of the corporation • Paid-in capital comes from the corporation’s stockholders who invested in the company • Retained earnings come from the ... state law and the corporation’s bylaws Organizing a Corporation • Stockholders elect the board of directors • The board sets policy, appoints the officers, and elects a chairperson • The board also ... follows the pattern illustrated for common stock • Stockholders’ equity on the balance sheet lists preferred stock, common stock, and retained earnings – in that order Objective Prepare the Stockholders’...

Ngày tải lên: 19/06/2014, 18:20

... noncurrent assets and liabilities Identify and describe the various balance sheet asset classifications 3-6 FedEx Corporation Balance Sheet 31-May Assets are probable future economic benefits ... Preparing the financial statements and other information in the annual report p Maintaining and assessing the company’s internal control procedures 3-23 Learning Objectives Explain the purpose ... purpose of an audit and describe the content of the audit report 3-24 Auditors’ Report Expresses the auditors’ opinion as to the fairness of presentation of the financial statements in conformity...

Ngày tải lên: 29/06/2014, 03:20

... some of the more common misconceptions we, the authors, encounter in our training sessions See if any of them seem familiar ◆ The Balance Sheet tells me the value of the business’ ◆ ‘At the year-end ... better’ ◆ The accountant balances the Balance Sheet by entering a balancing figure somewhere probably profit’ These misconceptions will be dealt with at appropriate points in the book THE BUSINESS ... year-end the retained profit must be somewhere; in the bank, or the accountant’s drawer’ ◆ ‘If the company’s share price rises it has more money’ ◆ ‘If I compare the results of two businesses, the...

Ngày tải lên: 07/08/2014, 19:22

... considers the ‘business plan’ ● The real value of the property ● How much you wish to borrow ● Your income and existing outgoings The mortgage agreement defines the terms of the loan As security, the ... When the company prospers, Bill offers to buy the shares for £1,200 Alex hands over the piece of paper; Bill hands over the £1,200 Alex has made a gain of £200 The company has no involvement in the ... risk ● ● The business has to keep making the payments of Interest and Capital, whether or not it is trading profitably ● 14 The terms of the loan are defined by contractual agreement The lender...

Ngày tải lên: 07/08/2014, 19:22

... stores? What about warehousing and transport? Distribution Transport What about warehousing? Manufacturer 20 Process Investment Plant and machinery What about warehousing and transport? THE BUSINESS ... credit period, pay for the goods they have received CASH Finished Goods, which are then ● START HERE ● ● ● DEBTORS/ RECEIVABLES FINISHED GOODS This process is referred to as the CURRENT ASSET CYCLE ... Creditors - 22 the amount owed by customers for goods they have received customers are ‘indebted’ to the business also referred to as ‘Receivables’ part of Current Assets p21 the amount owed...

Ngày tải lên: 07/08/2014, 19:22

... re-cycling is, therefore, happening continuously, ie: there is no tank at the bottom of the model, simply a meter and a pump Every year the meter is set to zero and the profits are measured as they are ... the process continues THE BUSINESS FINANCIAL MODEL COMMON MISCONCEPTIONS ‘At the year-end the Retained Profit must be somewhere; in the bank, or the accountant’s drawer.’ Yes The Retained Profit ... been re-invested back within the business If the company merely ‘collected’ Retained Profit and held it until the year-end before tipping it back into the top of the model, it would be extremely...

Ngày tải lên: 07/08/2014, 19:22

... FUNDS THE BALANCE SHEET FORMAT The Balance Sheet format swops the two halves of the model over: ● ● Use of Funds appears at the top of the statement Source of Funds appears at the bottom of the ... of the cost Therefore there needs to be a basis for apportioning the cost of the investment over the years which will benefit from its use The resultant charge is called: DEPRECIATION 49 THE BALANCE ... INTRODUCTION The business must provide information in the form of financial reports to the owners - the shareholders These reports include: i) a summary of the business investment a Balance Sheet ii)...

Ngày tải lên: 07/08/2014, 19:22

... disappear! ✗ ✗ THE BALANCE SHEET COMMON MISCONCEPTIONS The accountant balances the Balance Sheet by entering a balancing figure somewhere probably profit.’ The Balance Sheet balances automatically ... Remember: the Balance Sheet must balance because the two halves are explaining: Source of Funds where the money came from Use of Funds 58 - where it is now THE BALANCE SHEET ARC plc THE BALANCE SHEET ... THE BALANCE SHEET SOURCE OF FUNDS VALUATION We now reach the bottom half of the Balance Sheet, which shows where the funds (used in the top half) came from ● SHARE CAPITAL the number...

Ngày tải lên: 07/08/2014, 19:22

... return on the Net Capital Employed ● The Report provides essential management information 65 THE BALANCE SHEET PUBLISHED FORMAT The Balance Sheet published format A Report to the Owners of the Business ... period ● The Balance Sheet provides a picture of the business investment at a specific point in time, eg: - ● at the start of the trading period and at the end of the trading period The Profit ... to be paid in the future but not in the next 12 months ● The format provides summary information only - the report is supported with detailed notes cross referenced to the Balance Sheet ● 68 In...

Ngày tải lên: 07/08/2014, 19:22

... accordance with the contractual agreement p14 Note - Interest must be paid whether the company has had a good year or not, so the greater the loan capital within the business, the greater the financial ... are what is left after all the business costs have been met Earnings, therefore, belong to the shareholders Some of the Earnings will be paid out to the shareholder to give them income on their ... investment This is the Dividend The rest will be re-invested back within the business enabling the business to grow This is the Retained Profit and will be included on the Balance Sheet as Reserves...

Ngày tải lên: 07/08/2014, 19:22

... available to the competitors Consider the dilemma: - provide information to inform the Owners - competitors use published information ● Therefore the practice tends to be to provide the legal minimum ... Attributable Cost: The Revenue Expenditure associated with producing and delivering the products sold during the period 27 Balance Sheet: A financial statement showing, at a point in time, where the money ... charging out the cost of Fixed Assets to those periods benefiting from the assets’ use 29 Dividend: The part of Earnings paid out to the Shareholders in order to give them an income on their investment...

Ngày tải lên: 07/08/2014, 19:22

... by the business ie: Cost less residual/scrap value at the end of the asset’s useful life to the business 103 APPENDIX TWO NB CALCULATING DEPRECIATION ● What is the effective useful life? The ... FORM No copies Your details Please send me: Name The Balance Sheet Pocketbook Position The Pocketbook Company The Pocketbook Address The Pocketbook The Pocketbook Order by Post MANAGEMENT POCKETBOOKS ... DEPRECIATION OTHER METHODS NB There are other methods of calculating depreciation, eg: ● Reducing balance - where the depreciation charge is a fixed % per annum of the reduced balance (ie: cost less...

Ngày tải lên: 07/08/2014, 19:22

... people to emulate Buffett They don’t take the time to the necessary research, they get too emotional about their stock picks, and they get lured into buying the wrong stocks They’d be better off in ... market was that they got the idea that it was easy to beat the market Before they had a chance to cash in their winnings, most of their profits had disappeared If you lose money in the stock market ... one day, they say Even now, people are buying and hoping that their portfolios will miraculously come back to even by the time they retire Many of them will be in for a huge shock In the 1990s,...

Ngày tải lên: 24/10/2013, 08:20

... week BARBARA KLEIN: The Mayo Clinic says the pain may come very early in the day Other signs can include pain in the neck or the lower part of the head Scientists are not sure what causes tension ... tension from tightening in the face, neck and the skin on top of the head They believed emotional tension caused these movements But that belief has been disputed The International Headache Society ... serotonin These changes may start sending pain messages to the brain The changes may interfere with brain activity that suppresses pain Whatever the cause of the headache, people not enjoy the experience.Treatment...

Ngày tải lên: 01/11/2013, 14:44

... Nanotechnology What is it? •How did it come about? What are the social implications? What does this mean for the future? The Future with Nanotechnology Left: A nano-gear Right: A nano-universal-joint The ... and manufacturing from the bottom up Major Aspects of Nanotechnology What is it? •How did it come about? What are the social implications? What does this mean for the future? History of Nanotechnology ... two laser beams Major Aspects of Nanotechnology What is it? •How did it come about? What are the social implications? What does this mean for the future? Positive Effects on Society Above: Nanomachines...

Ngày tải lên: 15/03/2014, 22:13

... Dal Colletto “They love it,” he says The cohort bonds students together and helps them to further develop, which in turn strengthens their network First, they develop themselves and then begin ... companies simply based on the genius of their idea and the energy that they bring to the table to execute,” says Wilson But then they reach a point as the organization grows where the lack of experience ... think about the financial rewards, but there is much more – what it does for their perspective, what it does for their confidence, what it does to improve their contributions at work.” The EMBA...

Ngày tải lên: 17/03/2014, 03:20

... The designations employed and the presentation of the material in this publication not imply the expression of any opinion whatsoever on the part of the World Health Organization concerning the ... decision-makers in the WHO European Region Other interested parties might also benefit from HEN This HEN evidence report is a commissioned work and the contents are the responsibility of the authors They not ... represent the decisions or the stated policy of the World Health Organization What is known about the effectiveness of economic instruments to reduce consumption of foods high in saturated fats and other...

Ngày tải lên: 17/03/2014, 08:20

... pictures of shapes, then were asked to pick out, among a number of shapes, those they had seen before, they chose randomly When asked to choose the shapes they preferred, however, they showed a significant ... offer My approach to these issues is united under three themes First, the theory that I argue for in the first section of the book the affect program theory—is used throughout the text To attempt ... in as much as they are all core concerns of the philosophy of mind I chose these because they are topics in the philosophy of mind about which, I believe, our understanding of the basic emotions...

Ngày tải lên: 11/06/2014, 09:54

... introduces the theme of the essay itself The ideas within the paragraphs are joined together with connective or linking words (shown underlined) In all these examples, the topic sentence is the first ... that the writer's opinion is given in the introduction In all introductions the sentences following the topic sentence give the reader an idea of how the rest of the essay is constructed They ... orderly way There are five steps in the process of writing an essay for the IELTS Writing Test: Check the answer STEP Write the answer STEP Plan the answer Think about an answer Analyse the question...

Ngày tải lên: 18/06/2014, 17:20

... of the acromion; 3: the most inferior point of the acromion; 4: the most superior point of the humeral head; 5: the most lateral point of the coracoid basis; 6: the most lateral point of the ... exists about the relationships between the radiological findings, the clinical evaluation [6,8,21,23,24] and the location and extent of the rotator cuff tear [10,13-15,20] Nevertheless all these ... 2) On AP-view the following marking points were placed (Figure 2) m: the midpoint of the best fitting circle of the humeral head; 1: the most lateral point of the humeral head; 2: the most lateral...

Ngày tải lên: 20/06/2014, 04:20