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Finance & Accounting
Pages 7 (1757 words)
[ your name ] [ Professor’s name ] [ Course name / number ] [Publish Date] Financial Analysis: Yahoo! Inc. (2012) Introduction Financial instruments are an integral part of almost all business systems around the globe as they help businesses to track and monitor their overall financial activity and health…
Income statements and balance sheets are considerably two of the more important accounting instruments in reflecting the fiscal situation of companies. Hence, balance sheets and income statements are frequently used by companies. Accounts of a particular company are likely to get affected as a result of variation in assets of company at one hand and liabilities on the other hand, respectively (Helfert 40). These financial instruments are, therefore, helpful to configure both assets and liabilities. The income statement is the overall view of the company’s financial state and tends to vary with the variation in cash and expenses. On the other hand, the balance sheet reveals the true picture of the current financial status of the company. Likewise various other standards are part of the financial practices across the world but almost all of them, ultimately, serve the same purpose. This report precisely aims to give an insight on the use of financial instruments namely the 10 – K for fiscal year ended December, 2012, by Yahoo! Inc., and the affect of different journal entries on EPS (Earning per share) & in net income. Earnings per share (EPS) serve as an indicator of a company's profitability. Allocating portion of a company's profit to each outstanding share of common stock is a standard activity. ...
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