... Copyright 2011 Pearson Canada Inc.8 - 13Conflicts of InterestãConflicts of Interest is a type of moral hazard problem caused by economies of scope.ãArise when an institution has multiple ... Canada Inc.8 - 18Conflicts of Interest: Remedies IIãSarbanes-Oxley Act of 2002 (contd)Beefs up criminal charges for white-collar crime and obstruction of official investigations.–Requires ... finance.4. Financial intermediaries are the most important source of external funds. Copyright 2011 Pearson Canada Inc.8 - 19Conflicts of Interest: Remedies IIIãGlobal Legal Settlement of 2002Requires...
... statementoffinancial position or in the notes Financial statements Purpose offinancial statements 9 Financial statements are a structured representation of the financial position and financial ... presented in the statementoffinancial position, statement of comprehensive income, separate statementof comprehensive income (if presented), statement of changes in equity and statementof cash flows. ... retrospective restatement of items in its financial statements or when it reclassifies items in its financial statements, it shall present, as a minimum, three statements offinancial position, two of each...
... managers of the firm (own only small fraction of equity of the firm)-Principal: owner of the firm (own large fraction of equity of the firm)ãSeparation of ownership and control of the firmManagers ... feature of debt contracts8. Debt contracts are extremely complicated legal documents that place substantial restrictive covenants on borrowers Chapter 8An Economic Analysis of Financial ... Why?4. Financial intermediaries are the most important source of external funds (figure 1) ==> Why? Copyright â 2007 Pearson Addison-Wesley. All rights reserved.8-5Transaction CostsãFinancial...
... misstatement of a financial statement that might occur. Consequently, the concept of materiality enters into the risk assessment process, and the selection of the nature, timing and extent of ... might send a larger number of accounts receivable confirmations at year end. The model requires an assessment of the risk of fraud (intentional misstatements offinancial statements) in every audit. ... the preparation of financial statements, and much more. The model requires auditors to gain an understanding of a company’s internal control, and to test the effectiveness of controls if the...
... 2012,1,643.702,274.332,713.313,024.743,327.21107.47179.45133.03151.2320020102011201220132014FRevenueProfits after Tax14VINASUN posted 2012 profit of VND 2,713.31 billion and profit after tax of VND 151.23billion. Accordingly, the company’s profit increased by 19.30% and profit increased ... iv ANALYSIS OFFINANCIAL SITUATIONFOR VIETNAM SUN JOINT STOCK COMPANY - VNS(VINASUN CORP.)iv ANALYSIS OFFINANCIAL SITUATIONFOR VIETNAM SUN JOINT STOCK COMPANY - VNS(VINASUN CORP.)iv ANALYSIS ... 2011; 14VINASUN posted 2012 profit of VND 2,713.31 billion and profit after tax of VND 151.23billion. Accordingly, the company’s profit increased by 19.30% and profit increased by13.68% compare...
... Overview of the Financial Statements This management discussion and analysis is intended to introduce the City of Altus’ basic financial statements. The City of Altus’ basic financial statements ... Discussion and Analysis 4–12 Basic Financial Statements Statementof Net Assets 13–14 Statementof Activities 15 Balance Sheet – Governmental Funds 16 Statementof Revenues, ... 17 Reconciliation of the Statementof Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statementof Activities 18 Statementof Net Assets – Proprietary...
... restatedNET ASSETS, endingCity of Altus, Oklahoma Statement of ActivitiesYear Ended June 30, 2007The accompanying notes are an integral part of these financial statements.ContributionsExpensesCharges ... the same type of information found in the government-wide financial statements, but in more detail. Unrestricted net assets of the Altus Municipal Authority, as of the end of the fiscal year, ... 34,906,599City of Altus, Oklahoma Statement of Net AssetsJune 30, 2007(continued)Business-TypeActivities Activities TotalPrimary GovernmentThe accompanying notes are an integral part of these financial...
... Government-wide and fund financial statements The government-wide financial statements (i.e., the statementof net assets and the statement of activities) report information on all of the nonfiduciary ... ActivitiesCity of Altus, OklahomaReconciliation of the Statementof Revenues, Expenditures, andYear Ended June 30, 2007The accompanying notes are an integral part of these financial statements. ... 1,076,883InternalMunicipalFundsServiceThe accompanying notes are an integral part of these financial statements.City of Altus, OklahomaActivities –Governmental Statement of Net Assets – Proprietary FundsJune 30, 2007ActivitiesAuthorityBusiness-Type...
... 2001).Panels B of Tables 1 and 2 present the analysisof the effects of operati ng liabilityleverage. Unlevered profitability, ROOA, has a mean (median) of 8.7(8.2)%compared with a mean (median) of 11.4(10.1)% ... ratio. FINANCIAL STATEMENTANALYSISOF LEVERAGE 539 3.4. Time-Series VariationThe measurement of operating liabilities has changed over time. Specifically,standards pertaining to the recognition of ... Thus, for the persistence of ROCE to increase inOLLEV, at least one of the following explanations must hold: (1) operating liabilities FINANCIAL STATEMENTANALYSISOF LEVERAGE 549 that our...
... the following sections of companies’ reports:➢ Financial statements➢ Notes to financial statements➢ Supplementary informationEach of these sections of the companies’ financial reports will ... Stockholders 36 Financial Highlights 38Management’s Discussion and Analysis 38 Financial Statements 40Income Statement 40Balance Sheet 41Cash Flow Statement 41Notes to Consolidated Statements ... manipulation offinancial information❏ Serves as a standard language of recording financial performance❏ Allows company officers, investors, and general public to assess a firm’s financial per-formance❏...
... This basic flow of cash through the business introduces two financial statements: the balance sheet and the statementof cash flows. It is often said the balance sheet is a static financial snapshot ... the period (see "What is a Cash Flow Statement? "). Statement of Cash Flows The statementof cash flows may be the most intuitive of all statements. We have already shown that, in ... The aim of this tutorial is to answer these questions by providing a succinct yet advanced overview offinancial statements analysis. If you already have a grasp of the definition of the balance...