Financial Statements Paper - Essay Example

Free

Extract of sample
Financial Statements Paper

Assets include all the properties of an organization that have value such as inventory, plants, equipment and trucks. It also includes intangible things that have value like patents and trademarks. On the other hand, liabilities refer to the money owed to other entities including obligations such as bank loans, rent, suppliers’ payments and salaries among others. Shareholders’ equity refer to the balance that belongs to the shareholders after the organization has paid off all of liabilities it owes various entities. Fridosn and Alvarez (2011) represent this as: Assets = Liabilities + Shareholder’s equity On the left hand side of the balance sheet would be the company’s assets while on the right would be its liabilities and shareholders’ equity. An income statement shows the revenue earned by a company in a specific financial period. It captures the expenses and cost of earning these revenues (Anthony, Hawkins & Kenneth, 2003). At the bottom of the statement would be an indication of the company’s loss or profit over the specified financial period. ...Show more

Summary

Name: Title: Course: Tutor: Date: Financial Statements Introduction The end product in accounting processes would be the presentation of financial statements and reports. Financial statements refer to data summaries prepared by an entity periodically to communicate to respective users of accounting information on the effect of various accounting activities and the entity’s financial position in a given period of time (Fridosn & Alvarez, 2011)…
Author : vincenzo42
Financial Statements Paper essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Financial Statements Paper"
with a personal 20% discount.
Grab the best paper

Related Essays

Financial Statements
The assets include accounts receivable. Accounts receivable asset represents the amounts owed by the creditors. Sometimes companies sell their product on account. This means the company delivers their products to the customers. In turn, the customers promise to pay their debts after several days or months.
4 pages (1000 words) Essay
Financial statements paper
Accounting information can be used by both internal and external users. Accountants must comply with the general accepted accounting principles (GAAP). The general accepted accounting principles were developed by the FASB in 1973 (Balle, 2013). The accounting cycle ends with the creation of the financial statement of the company.
3 pages (750 words) Essay
Review of Financial Statements Paper
For the purpose of such mergers or business combinations financial statements are required to studied and analyzed. Mergers may be accounted for under ‘pooling of interest method’ (wherein assets and liabilities of
2 pages (500 words) Essay
Financial Reporting/Statements
potential investors investigate and appraise a company’s performance and based on these evaluations made with respect to the financial statements, investors decide the company which suits them. Suppliers and Customers are also
4 pages (1000 words) Essay
Financial statements
This paper presents an analysis of various items found in the financial statements and it discusses key components of the capital project. The three key financial statements are Income Statement, Balance Sheet, and Statement of Cash flow. The Income Statement is an
2 pages (500 words) Essay
Review of Financial Statements Paper
The clientele of the organization are the firms operating in more or less every industry and services sectors, possessing the nature of both public as well as private enterprises (BioJerusalem, 2011). Kesselman & Kesselman is
2 pages (500 words) Essay
ACCT SNL 2 :Financial Statements
The above financial statements have been prepared on the basis of the requirements of the IAS 1 Presentation and Disclosure and further the performance of the company is measured using various profitability
3 pages (750 words) Essay
Financial Statements Paper Part II
In 2007, the companys reported gross profit margin was 33.6%; this matches with what has been calculated for years 2009 and 2008. Debt component has reduced in 2009 when compared with year 2008. It is pertinent to note that
4 pages (1000 words) Essay
Analyzing Foreign Financial Statements
Unlike the United States, financial data is hard to get in numerous other nations. While there are databanks of foreign financial statements, this data normally has errors and be presented in a range of formats. For instance, databases of foreign financial
3 pages (750 words) Essay
Coca-Cola financial statements
The company realized a global volume growth of 2% and their cash operations increased to 10.6 billion dollars (The Coca-Cola Company, 2015). The company’s net operations revenue reduced from 46854 million dollars in 2013 to 45,998 million dollars in 2014. This reflected a 2% reduction in net operations revenue.
2 pages (500 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT