The Fairfax County 's Comprehensive Annual Financial Report Essay

Comprehensive Annual Financial Report (CAFR) is a report used by cities, and local governments to provide the public with their financial records each year, while adhering to government accounting standards board (GASB) guidelines. The report presents a comprehensive picture of the reporting entity’s financial condition, it provides how funds are spent and allocated throughout the year.

Marketing. Because of the large number of suppliers selling similar products, apparel-retail firms must stimulate demand with attractive store layouts, colorful product offerings, and various sales promotions.

The financial health and welfare of Thurston County is dependent upon establishing and maintaining sound budgetary principles and strategies for implementation. These financial principles will govern the development and administration of budgets for all county offices and departments. The County is to prepare fiscal and capital budgets that are to be balanced to be able to forecasted, which are to be consistent with approved strategic goals and capital improvement goals. Each county office and department will periodically seek to use citizen feedback in the development of the internal strategic plans to develop the high priorities for Thurston County government. For each department, resources are made available that will remain aligned with the strategic planning and priorities developed with the public input. Thurston County will create and maintain a reserve for the general fund that is equal to one month of the budget annual expenditures. The reserve will serve the purpose of the financial stabilization account to safeguard against possible revenue shortages

This research paper will detail the modified accrual revenue recognition in State and Local Government (SLG) accounting. There will also be discussions on the guidance of governmental fund expenditure recognition, and how it is used in state and local governments. Certainly, there are differences between the fund and the government-wide financial statements, but there are some similarities. Within the paper, it will include the purpose as well as the content of the financial statements. While explaining the government-wide financial statements, the preparation using derived information in the conversion worksheets, will be presented. Lastly, in this research paper, I will explain the elements of a Comprehensive Annual Financial Report (CAFR).

Obtaining regular health checkups is vital to our survival; these checkups are necessary to monitor, maintain and improve our health. Did you know that it is equally important to perform periodic checkups on your company? Financial statements are a key component that allows us to track a company’s overall health and progress.

In the late 1990s, two of the Branson brothers wanted to bring their children and their spouses into the business. The role that these new family members would play in the business created discussions and some altercations. Dave James in particular was opposed to bringing in family members. Dave threatened to leave, and some of the Bransons thought that was a good idea. After few months of negotiations, it was agreed that Dave James would receive one year’s severance pay, and the three Branson brothers would buy his stock in the company at its fair value. Dave James resigned from the trucking company at the end of 2011. Branson Trucking Company does not trade in any market, and it is a closely held. The only stock sales have been directly from the company to the original holders of the stock.

Henrico County is located in the central region of the Commonwealth of Virginia, and has an estimated population of 321,924, making it the fifth-most populous county in Virginia and the sixth-most populous county-equivalent in Virginia. It is surrounded by the counties of Charles City, Chesterfield, Goochland, Hanover, New Kent, and Richmond. Henrico County has a total land area of 234 square miles and a population density of 1,410 persons per square mile.

In the second half of this paper, I will analyze is the State of California’s Financial Report. The government is not a nonprofit, although they are quite similar; therefore, the government’s financial report will be evaluated using different methods and from different perspectives. To get a broad overview of this government, first, the financial position and economic condition of the State of California will be evaluated. Then, things with more depth, such as budget planning, funds, and infrastructure, will be discussed.

You may omit explanations of the transactions. Skip a line between eah set of journal entries.

Hooker Furniture Corporation uses a multi-step format for what they call the Statement of Income (Income

First, the HR manager could ask the advice of the CEO. He doesn’t want to go against his will, this will causing him more trouble. Second, the HR manager could hire Dr. Soysa since she is the most qualified for the business position. Third, he could reopen the search for the position to get in more candidates. Fourth, he could hire a less qualified candidate and offer him/her the job.

The Walt Disney Company (DIS) has a history marked with ups and downs. Taking numerous risks, expanding internationally, acquiring various businesses and diversifying its operations; the company has emerged stronger than ever. Ranking #53 on the Fortune 500, DIS has experienced continuous growth for the past 5 years, with bright prospects. Detailed analysis shows the market undervaluing the stock despite its healthy performance, indicating potential future gains.

Norfolk Southern Corporation’s subsidiary, Norfolk Southern Railway Company, is one of the largest railroad operations in the United States. Norfolk Southern operates “20,000 route miles in 22 states and the District of Columbia, and is a major transporter of coal, automotive, and industrial products” (Corporate Profile). Norfolk Southern Corporation’s coal division sources, blends, and transports metallurgical coal, which is used to make steel, and steam coal from several basins across the country. Norfolk Southern transports coal from mines to domestic and international markets (Coal). A significant portion, roughly 17% in 2015, of Norfolk Southern’s revenue is from coal operations. However, “coal revenues decreased $559 million, or 23%, compared with 2014” (2015).

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

The balance sheet and Income statement are the most important financial statements of the company that help conduct current analysis of company and evaluate its trends overtime. The balance sheet represents the company snapshots of its financial position on the last days of accounting period. Apple balance sheets, which represent a snapshot of its ending balances in asset, liability and equity account as of the date stated on the report, are changes each year from 2003 to 2014. On the other hand, the income statement shows its financial performance over 2003 to 2014. Apple basically ends its accounting period in September. Most of the long-term debts are in the form of the bonds. According to appleinsider.com, Apple recently issues a new euro bond worth about $2.26 billion with a maturity date on January 17, 2024 and coupon rate of 1.375% payable annually. The first payment will occur on January 17, 2016. Moody’s recently assigned a rating of Aa to Apple Inc. 's senior unsecured note issuance. Thus, Apple recent capital expenditure amount to 11,488 million according to morningstar.com. The analysis of financial statements is conduct to compare Apple with one of its closest rival Hewlett-Packard and twelve ratio were calculated. From table1 and chart1, the current ratio that determine the company ability to meet its short term obligation shows Apple’s current ratio is higher than that of Hewlett-Package from 2003 to 2014. That is, Apple is solvent than Hewlett Packard. Table