Financial Statements Of Elizabethtown College

If you work this problem as a group assignment, each group member should be prepared to

Fraser, L. M., & Ormiston, A. (201). Understanding financial statements (9th ed.). Upper Saddle River, NJ: Prentice Hall.

In 1939, ECSU’s name was changed Elizabeth City’s Teacher College. The change in status to a teacher’s college changed ECSU”s mission to include the training of principals for an elementary school in rural and city schools. In May of 1939, the bachelor of science degree in primary education was awarded. ECSU continued to grow and as stated earlier in this document added more academic majors.

This course focuses on ways in which financial statements reflect business operations and emphasizes use of financial statements in the decision-making process. The course encompasses all business forms and various sectors such as merchandising, manufacturing and service. Students make extensive use of spreadsheet applications to analyze accounting records and financial statements. Prerequisites: COMP100 and MATH114 / 4-4

For the final project in ACC380 Accounting for Not-For-Profit, we were asked to prepare a Statement of Activities, a Statement of Unrestricted Revenues, Expenses, and Other Changes in Unrestricted Net Assets along with a Statement of Changes in Net Assets for Lee College which is a private not-for-profit college. In addition to the financial statements, we were also asked to explain the process that was used to prepare the financial statements and to offer an in-depth analysis of the financial health of Lee College.

Financial statements are interrelated. It is so because the financial position of a business changes after each session of good or bad financial performance. Until we measure both financial performance and position, we cannot predict the cash flow position of the business.

Recognized as being one of the top 34 degree-granting public research institutions that belongs to the prominent Association of American Universities, the University of Colorado (CU) prides itself on providing a lasting effect on its communities through “collaborative research, innovation and entrepreneurship” (para. 1). This university consists of a system of three other public, not-for-profit universities, which are the University of Colorado at Boulder, the University of Colorado Denver, and the University of Colorado at Colorado Springs.

The current assets are those which are readily convertible into cash and cash equivalents due to their highly liquid nature and also form part of working capital of the company’s operations. However, the long term assets in contrast are not liquid because since they have a useful life of more than a year and hence their full value cannot be easily realized within

One of the inherent limitations of the financial statements of this church is the bases of accounting that is used to prepare it. This local church prepared its financial statements using a near-cash basis where expenditures are recorded when paid. Therefore, commitments and obligations or long term obligations that are not yet paid, but owed are not accounted for. There is also an omission of long term assets that have not been paid for in cash as well. This makes it difficult to adequately assess the financial strength of the church when making a loan

company experienced sharp increases in both sales and earnings. Because of this recent growth, Kaka, the company`s treasurer, wants to make sure that available funds are being

The productive assets of property, plant, and equipment changed dramatically in 1996 they were 5,581 to 2010 an increase to 21,706. In total current assets there was a increase in 1996 from 5,910 to in 2010 21,579. Another significant change is in long term debt in 1996 of 1,116 to in 2010 an increase to 14,041. Also an important figure to note is in the retained earning in 1996 they were 94% (15,127) to 2010 68%

Since there are significant changes in the company for the last 3 years such as descending trend in car and truck market in 1991, sale of one of their core electronics business, terminated Volvo agreement etc.; the company thinks that their financial value (equity and debt ratios and weights) and accordingly cost of capital is changed. Also company has free cash (derived from the sales of electronics

In 2007, total assets have increased significantly by 48% from 2006. Current assets are 86.62% of total assets in 2007, up from 84.33% in 2006. From the trend over the last 5 years (2003-2007), Cash and Cash Equivalents (CCE) have grown strongly by 175% while total current assets have grown significantly by 273% in the same period. This growth in current assets is also reflected in Apple’s Quick Ratio and Current Ratio which have improved marginally in 2007 to 1.83 and 2.36 respectively. Apple`s ratios are favorable compared to its competitors, e.g.

The purpose of the report is to understand the capital structure of the chosen company on the basis of the financial statements of the company which includes the income statement, balance sheet and the cash flow statement of the company and do the capital analysis of the company as well to find out the advantages and disadvantages in working capital of the company and suggest company logical and useful ways for growing their economy.

Balance sheets and income statements are a snapshot of a company’s stability and financial situation. Combined the statements show the income, expenses, and stockholder’s equity in the company. These statements are often analyzed by financial institutions when a company comes to them needing a loan. Stockholders and other investors also look at these statements to make sure their investment will return a profit for them. This paper will look at four different companies and their balance sheets and income statements. The companies are Eastman Chemical Company, Covenant Transportation