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Financial Statement - Free Essay Examples and Topic Ideas

Financial statements are formal financial reports that provide a comprehensive summary of a company’s financial transactions and performance. These statements are usually prepared by the finance and accounting department of a company to provide key stakeholders, such as investors, creditors, and regulators, with an accurate picture of the company’s finances. Financial statements typically include a balance sheet, income statement, cash flow statement, and notes to the financial statements. These statements provide information about a company’s assets, liabilities, equity, revenue, expenses, and cash flows. Financial statements are essential in evaluating a company’s financial health, making strategic decisions, and assessing its ability to meet financial obligations.

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  1. 1
    The profitability of the company
    Words • 850
    Pages • 4

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    Paper Type:800 Word Essay Examples
    In the context of public company activities, stakeholders are those affected by the outcome negatively or positively and those who can affect the outcome of a proposed intervention. And in this case financial statement is regarded as "Report Card" of a company which details its performance for a specific time period. In most cases the time frame known as accounting period is usually one year. In this respect the stakeholders of Five Star sales and Services Company Limited are as…
    BusinessCompanyFinanceFinancial StatementIntegrity
  2. 2
    John Lewis Partnership Organization Analysis
    Words • 1869
    Pages • 7

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    Paper Type:1800 Word Essay Examples
    The organisation chosen in this paper entails John Lewis Partnership. This is a well established firm, which is ranked as one of the top ten retail business in the United Kingdom. During the year under review, 2008, John Lewis had 69 department stores and 187 Waitrose supermarkets (John Lewis 2009, p 1). The competitor selected in this financial analysis is Debenhams, which is an organisation also engaged in the retail industry. This firm specialises in clothing, health and beauty and…
    AccountingBusinessFinanceFinancial StatementOrganization
  3. 3
    Importance of Bookkeeping
    Words • 519
    Pages • 2

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    Paper Type:500 Word Essay Examples
    In business, there are many factors that must be considered in order to ensure that they business is on the right track, specifically in financial matters. One of these is the aspect of bookkeeping. This paper discusses the importance of bookkeeping and will discuss laws that govern accounting aspects. Importance of Bookkeeping Bookkeeping is one of the most important aspects in financial management. It is the process of recording the financial transactions made by the company and considered as the…
    AccountingBusinessFinanceFinancial Statement
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  4. 4
    IFRS and International Diversity in Accepted Corporate Practices
    Words • 852
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    Paper Type:800 Word Essay Examples
    Introduction Increasing globalization has led to the need o harmonize the world economy and this has been the case with financial standards. COSO (2009) considers monitoring of internal control as the best way to produce the most reliable information which is why there is need to control financial reporting according to certain standards. International Finance Reporting Standards (Formally known as International Accounting Standards) are a set of standards specifying rules and treatments of various financial and accounting reporting standards. The…
    AccountingBusinessDiversityFinancial StatementPolicy
  5. 5
    Financial statements: Presentation, Structure, Concepts
    Words • 992
    Pages • 4

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    Paper Type:1000 Word Essay Examples
    Accounting is viewed as a language that is utilized by organisations in decision making. Thus, accounting has continued to exist due to its usefulness in to the society at large and to a narrower context, to the users of accounting information. The users of accounting information can be divided into two; internal and external users. The management and employees are the internal users of accounting information; they use it for operational, administrative and strategic purposes. External users are; investors, suppliers,…
    AccountingBusinessFinanceFinancial StatementStructure
  6. 6
    Rising Above Routine: Exploring Accounting’s Depth Beyond Bookkeeping
    Words • 1182
    Pages • 5

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    Paper Type:500 Word Essay Examples
    Introduction Accounting, often regarded as the art of recording financial or business transactions in a methodical manner, transcends the mere act of memorizing terms and procedures. It represents a holistic approach to thinking about finances. As the saying goes, "The person who knows HOW will always have a job. The person who knows WHY will always be his boss." This encapsulates the essence of accounting, going beyond rote learning to a profound comprehension of financial intricacies. Relationship Between Accounting and…
    AccountingFinancial StatementInformation
  7. 7
    Corporate Compliance Plan in Business Management
    Words • 1703
    Pages • 7

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    Paper Type:1600 Word Essay Examples
    Abstract The global economic meltdown has made more important the role of corporate decision makers in strictly and religiously adhering to the ethical standards which companies must embrace in their domestic landscape and in the international stage. Economic and financial scams and other ugly schemes could not have come into the fore if the men at the top of the participating, coordinating and enforcement sectors were prudent enough to have deterred deceitful and fraudulent transactions. (Jill Schlesinger. 4 Ways to…
    BusinessBusiness ManagementContractFinancial StatementMediation
  8. 8
    Accounting Standards In The World
    Words • 648
    Pages • 3

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    Accounting practices in different countries differ from the Generally Accepted Accounting Principles. In this paper, accounting aspects from one country in Asia, South America and Europe are compared. The chosen countries are Japan, Brazil and the United Kingdom. In Brazil, Accounting principles are contained in the Brazilian corporate law and the Brazilian institute of independent auditors provides the interpretations. Rules and regulations for companies are issued by the Brazilian securities commission (CVM). The Brazilian economy has been greatly improving globally…
    AccountingFinanceFinancial StatementWorld
  9. 9
    Accounting process
    Words • 597
    Pages • 3

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    Paper Type:Process Analysis Essay
    Financial statements are the end-products of the accounting process which serve the financial information needs of various interested parties. The financial statement should be a faithful representation of the economic activities of the business. While a full description of the actual economic activity of the organisation is not possible, the financial statement should contain as full and as faithful a representation as feasible. The report should be accurate and timely, consistent with preceding statements and containing the adequate amount of…
    AccountingFinancial Statement
  10. 10
    Accounting for Non-Accountants Course
    Words • 1646
    Pages • 6

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    Paper Type:1800 Word Essay Examples
    Generally accepted accounting principles Generally accepted accounting principles (GAAP) provide guidelines for financial accounting and reporting. These accounting principles are prepared by Federal Accounting Standards Board and SEC authorizes companies to adhere to GAAP while reporting their performance in the shape of their financial statements (Carmichael, Whittington & Graham, 2007, p. 28). It is because of following these principles that there remains uniformity in financial reporting for all the companies; hence when third parties analyze the companies’ performances while comparing…
    AccountingBusinessFinanceFinancial Statement
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  11. 11
    Politics and Economy of Kazakhstan
    Words • 985
    Pages • 4

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    Paper Type:900 Word Essay Examples
    Because we are on the threshold of a revolution that will fundamentally change the way we live, work and communicate with each other. The scale, volume and complexity of the fourth industrial revolution is unparalleled in all previous human experience. We will see stunning technological breakthroughs in a wide range of areas, including artificial intelligence, robotics, robot cars, 3D printing, nanotechnology, biotechnology, and more. Keywords: reform, economy, democracy, investors, statistics, technology, industry, budget. As we stand on the threshold of…
    AccountingFinancial StatementPolitics
  12. 12
    Henry Jekyll’s Full Statement of the Case
    Words • 2871
    Pages • 11

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    Paper Type:3000 Word Essay Examples
    'The Strange Case of Dr. Jekyll and Mr. Hyde' was written in 1886 by Robert Louis Stevenson. The story derived from one of Stevenson's many adult nightmares and raised questions about Society and Religion that was debated by many people. The story was about the duality of man and how Dr. Jekyll tried splitting the good and evil. A result of this was Mr. Hyde and his pure evil personality. In the novel, the last chapter 'Henry Jekyll's Full Statement…
    Financial Statement
  13. 13
    The Role of Financial Ratios in Auditing Analysis
    Words • 2633
    Pages • 10

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    Paper Type:2500 Word Essay Examples
    The use of financial ratios assists the auditor in analyzing any unusual deviations from the expected results, (Gupta, 2004). The financial ratios are then compared with the entity's ratios for prior periods as well as with ratios for other businesses in the same industry. A comparison with the industry ratios would have warned BDO of some irregularities in Leslie Fay's financial statements. BDO Seidman should have been interested some important ratios that would help in determining the accuracy of the…
    AuditBusinessBusiness EducationBusiness ManagementBusiness NewsEconomics
  14. 14
    Financial Analysis And Statement Analysis
    Words • 802
    Pages • 3

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    Paper Type:750 Word Essay Examples
    Financial declaration analysis (or monetary analysis) is the procedure of examining and analyzing a company's monetary statements to make better financial decisions. These declarations consist of the earnings statement, balance sheet, declaration of cash circulations, and a statement of maintained earnings. Horizontal analysis (also understood as trend analysis) is a monetary statement analysis strategy that reveals modifications in the quantities of corresponding financial statement items over a period of time. It is a helpful tool to assess the pattern circumstances.…
    Financial AnalysisFinancial Statement
  15. 15
    Flight Of Fund Business Management
    Words • 2031
    Pages • 8

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    Paper Type:2000 Word Essay Examples
    INTRODUCTION In 2010, Mr. Idris was hired as the Chief Operation Executive (CEO) of Travel Investment Holdings Berhad (TIH), a government linked company (GLC) in logistics and travel related business. The first task as the CEO of TIH was to identify solutions to recover the losses of the company due to the economic crisis in 2009. In order to diagnosis the problem, Mr. Idris called for a meeting among senior managements. He found out that there was no-result investment made…
    Business ManagementFinancial StatementInternal ControlInvestment
  16. 16
    Financial statement analysis and report
    Words • 893
    Pages • 4

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    Paper Type:850 Word Essay Examples
    1. Obtain the most recent annual report for two companies in any of the industries on the Australian Stock Market (for example, mining, retail, manufacturing, construction, service, transport). The reports should contain at least three years of income statement data and two years of balance sheet data. Use one of the chosen companies as your ‘base company’ and the other as your ‘comparison company”. 2. Analyze at least 3 (three) items on the income statement (statement of financial performance) for…
    EssayFinancial AnalysisFinancial StatementInternetInvestment
  17. 17
    BILABONG Australia – financial statement analysis assignment
    Words • 3607
    Pages • 14

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    Paper Type:4000 Word Essay Examples
    BILABONG Australia - financial statement analysis assignment ACCT 5910-Business Analysis and Valuation Contents Executive summary……............................................................................................................3 Executive summary The purpose of report is to provide a comprehensive analysis of Billabong International Limited. This report is primarily based on a trend analysis of Billabong’s financial performance ratios from 2009 to 2011, common size table of the balance sheet and income statement and analysis of Billabong’s cash flows. Expect to provide a basis understanding of the company’s recent situation and future valuation. The…
    AustraliaBusinessFinancial Statement
  18. 18
    Comptronix Corporation: Assessing Risk Factors for Controls and Inherent Risk
    Words • 2577
    Pages • 10

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    Paper Type:2500 Word Essay ExamplesEvaluation Essay
    1. Professional auditing standards present the audit risk model, which is used to determine the nature, timing, and extent of audit procedures. Describe the components of the model and discuss how changes in each component affect the auditor’s need for evidence. The audit risk model is used to determine the nature, timing, and extent of substantive audit procedures. The components of audit risk model usually stated as follows: DR = AR/(IR x CR) Where: DR = detection risk; AR =…
    AuditCorporationFinancial StatementInternal Control
  19. 19
    Developing Effective Operational Plans: Key Components and Strategies
    Words • 3380
    Pages • 13

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    Paper Type:3500 Word Essay Examples
    The initial task involves evaluation. The operational plan serves the purpose of outlining shorter term objectives, typically lasting 1 to 3 years. For longer plans, it is crucial to incorporate a detailed breakdown of shorter timeframes within the document. This plan offers specific information regarding planning, resource allocation, implementation, and funding for projects that are derived from the strategic plan. It should also encompass indicators for measuring progress and performance. To develop an operational plan, one must address the following…
    Balanced ScorecardBusinessFinancial StatementManagementMentorshipNon Performing Assets
  20. 20
    Unethical Practices and Behavior in Accounting
    Words • 651
    Pages • 3

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    Paper Type:600 Word Essay Examples
    The Sarbanes-Oxley Act of 2002 (SOX) was developed to prevent deceptive financial activities, and to provide financiers with more accurate monetary resources on corporations. Under SOX, companies are held responsible if they fail to keep the requirements that were set forth in the act. The act requires business to maintain acceptable internal control measures, provide responsible monetary reports, disclose regular reports, and establish rules for yearly reporting. (Hazels, 2010) These requirements are all part of the Typically Accepted Accounting Principles…
    AccountingAuditBehaviorEthicsFinancial StatementInternal Control
  21. 21
    Understanding Types of Financial Statements
    Words • 1014
    Pages • 4

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    Paper Type:700 Word Essay Examples
    Introduction Financial statements serve as invaluable tools for stakeholders to assess and comprehend a company's financial standing. Comprising the income statement, retained earnings statement, balance sheet, and statement of cash flow, these statements provide a holistic view of a company's financial health. Utilized both internally and externally, financial statements play a crucial role in decision-making processes, guiding investors, managers, and creditors alike. In this comprehensive exploration, we delve into the nuances of each financial statement, unraveling their significance and how…
    BusinessFinancial Statement
  22. 22
    Financial Statement Analysis
    Words • 308
    Pages • 2

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    Paper Type:300 Word Essay Examples
    Introduction The use of financial ratios is very common in accounting and finance processes. These ratios are used for the evaluation of a business's performance, as well as for identifying potential problems. Each ratio is used to inform about various factors like the solvency, earning power, and debt load of the business. These ratios measure the relationship arising between two or more modules of the financial statements and pose a greater meaning if the results are compared to industry standards…
    BusinessFinancial AnalysisFinancial Statement
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