Balance Sheet Essay

Technique of Disclosure: Nike Inc. disclosed this relevant information that have an effect of various contingencies on financial condition by using the methods of valuation assets and liabilities, and the company’s contracts and agreements. They use parenthetical explanations, notes, cross-reference and contra items, and supporting schedules. Nike’s annual report of 2014 contains many supporting schedules in order to illustrate and reinforced what was disclosed in a particular section such as the

• The financial statement showing a firm's accounting value on a particular date is the: balance sheet. • A current asset is: cash or an item currently owned by the firm that will convert to cash within the next 12 months. • The long-term debts of a firm are liabilities: that do not come due for at least 12 months. • Net working capital is defined as: current assets minus current liabilities. • A __ liquid __ asset is one which can be quickly converted into cash without significant

1. Academicians as well as practitioners have long debated the issue of historical cost accounting versus current value accounting. The historical cost is the original nominal monetary value of the items purchased. Based on the historical cost concept, it states that the amount of the assets acquired should be recorded with the original amount paid at date of acquisition and should include all costs necessary to get the asset in place and ready for use. Historical cost helps to distinguish an asset’s

indicates that Coca-Cola has a more solid business plan during this time period. Coca-Cola is also in a better monetarily stable place to pay back their debt. Vertical Analysis or the common size analysis is calculated by dividing the Balance Sheet items by the company’s total assets. This number is then turned into a percentage for easier comparison. This percentage represents the growth within the company. Positive retained earnings and debt retention are shown through positive and negative

(a) Download file 3a from the website. Prepare a trial balance in good form. (b) From the website, access file 3b, which has the unadjusted trial balance with the accounts in proper order. This file also contains an accounting “system” comprised of a series of linked spreadsheets. The linkages enable the effects of all accounting entries (journal, adjusting, and closing) to flow through to spreadsheets for the income statement, balance sheet, and statement of cash flows. You notice that for the fiscal

Index Numbers Question Attempted Or Not Page No. Q.1 Attempted 2 Q.2 Attempted 2 Q.3 Attempted 3 Q.4 Attempted 4 Q.5 Attempted 4 Q.6 Attempted 5 Q.7 Attempted 5 Q.8 Attempted 8 Q.9 Attempted 12 Q.10 Attempted 13 Q.11 Attempted 14 Q.12 Attempted 17 Q.13 Attempted 18 Q.14 Attempted 19 Q.15 Attempted 20 Q.16 Attempted 21 Q.17 Attempted 21 Q.18 Attempted 23 Q.19 Attempted 23 Q.20 Attempted 24 References 27 The assignment work submitted by my own and the sources which I used have been acknowledged

looking very strong from an operating and investing standpoint. They are effectively earning income and turning it into cash. ________________________________________ b) Commonly prepared financial statements for external reporting purposes are: 1) Balance Sheet 2) Income Statement 3) Statement of

The organization needs financial documents to allow the company adequate information to operate and become a thriving business. There are many statements and financial sheets available to report monetary knowledge the company will need for all future planning and directing (Bethel University, 2011). Income statements, balance sheets, and cash flow statements are a few that are attainable to allow economic review of a company. An income

Strategic Audit Report” (2013). The comparative common-size statements are below for past 3-5 years, including income statements (Table 1), including balance sheets (Table 2), and cash flow statements (Table 3). TASER’s Gross Profit and Net Income has been increasing. Refer to TASER’s consolidated balance sheet provided in Table 1 Common-Size Balance Sheet. Table 1 TASER Common-Size Income Statement (dollars in thousands), as of September 2014 2013 2012 2011 Common Size Common Size Common Size

businesses are run in New Zealand. The couple have asked to be presented with a report that helps them gain a better understanding of what Business structure they should follow, what recourses they will need to run their business and why would a balance sheet help them make business decisions and whang to know how their business operating. The report must also highlight the importance of accounting information when acquiring the finance to run a business. This report aims to answer all their questions