Income statement

INTRODUCTION The purpose of this paper is to advise analyze the financial statements of Dillard’s, Inc. in order to recommend whether or not my client should invest $1 million in the large retail company. I will compare the financial statements of Dillard’s, Inc. its competitor, Kohl’s Corporation. Investing in retail can be risky because a retail company’s performance is very heavily influenced by factors that have nothing to do with the actual company such as the overall performance of the economy

Financial Statements Balance Sheet Income Statement Cash Flow Statement Stockholders’ Equity Financial Ratios Accounting Principles Bookkeeping, Debits and Credits Accounting Equation Adjusting Entries Bank Reconciliation Petty Cash

unrealized intercompany profit that should be eliminated in the consolidated statements is 2. Pratt Company owns 80% of Storey Company’s common stock. During 2008, Storey sold $400,000 of merchandise to Pratt. At December 31, 2008, one-third of the merchandise remained in Pratt’s inventory. In 2008, gross profit percentages were 25% for Pratt and 30% for Storey. The amount of cost of goods sold in the consolidated statements is 3. Sales from a

A. Using information in the financial statements as originally reported in Ex 6.27 – 6.29, compute the value of beneish’s manipulation index for fiscal year 5 and year 6. M Score = -4.840 + 0.920 x DSRI + 0.528 x GMI + 0.404 x AQ + 0.892 x SGI + 0.115 x DEPI - 0.172 x SGAI - 0.327 x LVGI + 4.697 x TATA -4.840+0.920[(3932/12445)/(1662/8213)]+0.528{[(8213 –4523)/8213]/[(12445–6,833)/12445]}+0.404({1–[(15443+1323)/18199]}/{1–[(6320+669)/7590]})+0.892(12445/8213)+0.115{[193/(193+669)]/[337/(337+1,323)]}+-0

accounting cycle and the steps in the recording process. Explain the reasons for and prepare adjusting entries. Explain how the type of ownership structure affects the financial statements. Prepare closing entries and consider other matters relating to the closing process. Prepare a 10-column work sheet and financial statements. After studying Appendix 3A, you should be able to: Identify adjusting entries that may be reversed. THE ACCOUNTING INFORMATION SYSTEM The Accounting

Financial Statement Analysis and Financial Forecasting 4.1 Introduction. The lesson will consist of basic financial statements, its relevancy, reliability and quality as a basis for making decisions. Focus on the decision-making role of accounting system has to be elaborated. Also ratio analysis as decision tool with forecasting models is discussed. The basis concept of preparation of financial statement and its usefulness is included with ratio analysis. Cash flow analysis and financial planning

shareholders pay close attention to the market price of per share and are also want to know about the net income of the organization on per share basis so that they can make comparison. EPS is a standard measure of a firm’s net income that is available for the company’s shareholders. A company with high EPS ration is able to distribute high dividend for its investors. If an investor wants to earn steady income he can simply review company’s history of EPS or can see how

recorded for accounting purposes? * Explain the difference between a product and period expense. * Discuss the matching concept as it relates to accounting for revenues and inventory.   Part II.  Refer to the latest annual financial statements for the two following companies: Apple:

The net income of an organization is calculated by subtracting total expenses from the revenue. The net income is generally referred to as the profit of the organization. However, the net income is used to determine how well an organization performed financially within a period of time. The net income is a better estimate of profitability than cash flow. The cash flow shows whether a business can sustain itself. The way an organization pays their bills can greatly impact the cash flow. The

the financial reporting at the hospital? Patton Fuller appears, according to the profitability ratios, encountering hardships, after evaluating the return on total assets and operating margins, the organization is declining tremendously, producing income in contrast to its costs. The 2008 and 2009 expense report includes assets from audited and unaudited annual reports. The balance sheet comprehend the T account is equally valuable to examine. There are two sides of the T account report, the