Acc548 Week 5 Reporting Requirements Memo Essay

Collection of information is essential to support the major functions and activities of the organisation. To ascertain this it is essential to have regular reports of the organisation and to do this you need regular financial reports and audits. A true vision of the organisation will give any management a better understanding of their situation and will thus help them to make a good viable decision.

Items included in other comprehensive income shall be classified based on their nature. For example, under existing accounting standards, other comprehensive income shall be classified separately into foreign currency items, minimum pension liability adjustments, and unrealized gains and losses on certain investments in debt and equity securities. Additional classifications or additional items within current classifications may result from future accounting standards.

EBITDA - Earnings before interest, taxes, depreciation and amortization is an indicator of a company's financial performance which is calculated in the following manner: ("EBITDA - Earnings Before Interest, Taxes, Depreciation and Amortization Definition | Investopedia," n.d.)

1. A company’s ending accounts receivable balance and the period’s advertising expense would be found on which financial statements, respectively

8.      REQUIRED TO TURN IN (in this order): Typed multi-step income statement, Typed statement of retained earnings, Typed classified balance sheet, Typed Perpetual Inventory cards, Handwritten worksheet for uncollectible accounts expense calculations, and Handwritten June Journal Entries, the additional adjusting entries and all necessary closing entries. Be sure your name is on all pages.

Revenues and Direct Costs are as follows: $16,000,000 in total revenues, $9,833,155 in direct expenses, $6,166,845 in contribution margin, and 38.5% in percent of revenues. Their indirect costs are as follows: $1,200,000 in facilities costs, $1,600,000 in general overhead, and $2,800,000 in total overhead. This leaves the OP

Market shall not exceed the net realizable value b. Market shall not be less than net realizable value reduced by an allowance for an approximately normal profit margin. Net Realizable Value Estimated selling price in the ordinary course of business less reasonably predictable costs of completion and disposal.

The organization provides the usual array of inpatient services expected in a moderate-sized community hospital. A local nursing home and retirement community is for sale, and the organization is considering the purchase of that agency. There is a regional hospital that is trying to establish a statewide hospital network. There is a local county health department that provides some clinic services, primarily for the uninsured.

The organization provides the usual array of inpatient services expected in a moderate-sized community hospital. A local nursing home

We understand that you own the rights to technology that has the potential to change the future and want to start your own company. We also understand the conditions that you want to do it under. Based on the capital that you have and the description of how you want to develop your company we have concluded that these four options would be suggested to suit your company structure:

Diane Hollowell and Terry Parmenter were discussing the format of the statement of cash flows of Snowbarger Co. At the bottom of Snowbarger's statement of cash flows was a separate section entitled “Noncash investing and financing activities.” Give three examples of significant noncash transactions that would be reported in this section.

3. What are each of the financial statements commonly called in for-profit health care organizations and in not for-profit care organizations?

In order to eliminate a segment, the menagement need to identify relevant costs of operating a business segment and compare with cost to revenue generated by the segment. If the relevant revenue is less than the avoidable cost, eliminate the segment. If not, it needs to be continued to operate. In addition to a measure of a segment’s profit or loss and total assets, companies are to report specific information if it is included in the measure of segment profit or loss by the chief operating decision maker. The list of such segment disclosures is as follows: 1. Revenues from external users. 2. Revenues from transactions with other operating segments of the same enterprise. 3. Interest revenue. 4. Interest expense. 5. Depreciation, depletion, and amortization expense. 6. Unusual items. 7. Equity in the net income of investees under the equity method. 8. Income tax expense or benefit. 9. Extraordinary items. 10. Significant noncash items other than depreciation, depletion, and amortization expense (Schroeder, R. G., Clark, M. W., & Cathey, J.

Assets in the financial statement are always required and show useful information to investors and understand where the information comes from. For instance, accounts receivable net which the organization does not expect to collect all of the money it is due from all patients and insurers, (Finkler, S.A., Ward, D.M. & Calabrese, I.D., 2013). The bad debts become about of the money due. Furthermore, accounts receivables, net represents gross charges less an allowance for poor debts, and many contractual allowances established with those third party payers. Typically, an example of a bad debt would show charges of a large sum of money delivered from a hospital. Then, the contractual allowances from