B120 tma03

By Thomas Ahrens (London School of Economics), and Christopher Chapman (University of Oxford), from The Contemporary Accounting Research Vol. 21 No. 2 (Summer 2004) pp. 271–301.

A profit and loss account is intended to show a business its income and expenditures and calculate the company’s net profit or loss based upon the difference between those figures. It is extremely useful in determining past performance and to try and predict future results. It enables a business to see what changes could make to improve on its profit. It also give enough information to help a business to set targets.

A few years ago I got involved in marketing an expensive brand of vacuum cleaners called Kirby. The product was well designed, of high quality and had many features that were lacking in other leading brands. The marketing strategy used were a combination of selling orientation and product orientation, where the business owners assumed that a sales force would be able to sell the product as long as the right approached was used.

As a result, although the company’s changes in accounting policy were not easily to be understood by average investors, the company has shrewd accounting, operating, financing and investing moves made by senior management. So I guess the company would witness positive improvement in the

I am sorry to hear about the issues you are having at your branch; after careful analysis I have decided to discuss stakeholder analysis to look at the issues and offer recommendations on how they could be remedied.(

Edmonds, T. P., Tsay, B., & Olds, P. R. (2011). Fundamental managerial accounting concepts (6th ed.). New York, NY: McGraw-Hill Irwin.

course instructor Ms. Tarana Majid orally authorized the task of preparing the report to a group of student. She gave this report to learn the way to analyze the financial statements. To follow the syllabus of our subject so we have to do some relevant study based on our report. That’s why this topic comes forward.

Anwer S. Ahmed Ernst & Young Professor of Accounting Texas A & M University Scott Duellman Assistant Professor of Accounting St. Louis University March 2012

The field of accounting is governed by quite a number of concepts and rules. Some of these rules and concepts include but they are not in any way limited to the revenue recognition principle, the matching concept and the going concern principle. In this section, I will concern myself with the matching concept and its relevance.

Collier, P.M. & Kizan, S.M. (2013). Accounting for Managers. Mississauga, ON: John Wiley & Sons Canada, Ltd.

Gilbertson, C. B., & Lehman, M. W. (2011). Century 21 accounting: General journal, 2012 copyright update. Mason, Ohio: South-Western.

Copyright 2011 by Applied Accounting Analytics. All rights reserved. Reproduction or translation of this book beyond that permitted by the applicable copyright law without Applied Accounting Analytics’ permission is prohibited. Requests for permission to reprint or for further information should be directed to bstanko@luc.edu or tzeller@luc.edu.

decide what course of action to take in light of the company’s imminent financial difficulties. On

Income statements, balance sheets, statements of cash flows, and financial statement ratios have one thing in common: they are all ways that investors, managers, and owners can look at a business from a financial standpoint and decide what they should do next. Is it time to expand the business? Should we just keep doing what we’re doing because it works? Is it time to close the doors? All of these questions and more can be answered by reviewing the aforementioned financial documents. In this paper, I will explore these documents, discover how they differ, and how important business decisions are made based on what they say.

Batsleer, J. et al, (2001), _B551 The Manager's Help File_, The Open University Business School_,_ Milton Keynes.