Accounting Essays

The performance of the two firms, albeit dissimilar in some key ratios, can be lauded given the ability of the two firms to continue to perform well in a challenging industry. In recent months, JJB Sports went into administration as it was unable to compete effectively in the market which …

1.An ‘eye-ball’ assessment of the changes in Coke’s financial statements between 1996 and 2010—e.g., overall growth in assets, revenues, equity, debt, etc. An eyeball assessment of the changes in Coke’s financial statements between 1996 and 2010 show that mainly all accounts are up. The total assets are up from 1996 …

Questions Since this is the first time Jim and Mason will be conducting a financial forecast for Oats’ R’ Us, how do you think they should proceed? Which approaches or models can they use? What are the assumptions necessary for utilizing each model? Jim and Mason should begin their planning …

During our six (6) weeks of observation, we observed CanGo management make important decisions about expanding and starting a new venture without the use of the company’s financials. A financial analysis can be used internally to evaluate issues such as employee performance, the efficiency of operations, and credit policies, and …

State whether the following provisions in a note impair or preclude negotiability, the instrument in each instance being otherwise in proper form. Answer each statement with either “Negotiable” or Nonnegotiable” and explain why. A. A note signed by Henry Brown in the trade name of the Quality Store. Nonnegotiable, no …

A balance sheet is a financial statement that reports the assets, which are resources owned by a business, liabilities, and stockholders’ equity at a specific date. Examples of assets would be computers, delivery trucks, furniture, and buildings. A balance sheet has two categories: Assets, liabilities, and stockholders’ equity. Liabilities are …

1. Susan Robinson is planning for her retirement. She is 30 years old today and would like to have $600,000 when she turns 55. She estimates that she will be able to earn a 9 percent rate of return on her retirement investments over time: she wants to set aside …

Principles of Internal Control (Knowledge) 4 3 Assessment criteria – learners can: Describe the purpose, structure and organisation of the accounting function and its 1.1 relationships with other functions within the organisation. Explain the various business purposes for which the following financial information is required • income statement (profit and …

Carrying amount of the Property, Plant and Equipment at reporting date of JB-HiFi According to AASB 116 Property, plant and equipment held beyond the normal operating cycle of entity are deemed to be non-current assets. Here’s the extract from the report. Descriptions: Carrying Amount of PPE is $163,982, 000, which …

1．Littleton (1969) outlined seven pre-conditions necessary for the development of double entry bookkeeping. Discuss each of these in the context of why Littleton felt they were essential. • Writing In the past, Many business owner had little education backgrounds. They had insufficient knowledge and had no idea why record keeping …