Top executives pushed subordinates to meet unachievable financial targets, Toshiba, the Japanese industrial giant, overstated its earnings by more than $1.2 billion over the last seven years, in what is emerging as one of the country’s largest corporate accounting scandals. …
تعد معايير التقارير الدولية International Financial Reporting Standards من اهم الموضوعات المحاسبية المتداولة فى الأونة الاخيرة والتى تحظى باهتمام متزايد مع مرور الوقت و قبل الحديث عن أهمية المعايير يجب ان نعرف اولا من اين بدأت المحاسبة؟ في العصور البدائية, …
Intelligent Decisions Financial analysis is the manipulation of data to provide useful information for the reader, so that it can be used to make informed and intelligent decisions. An analysis can be performed on countless amount s and types of …
Evaluating Your Business Investments Businesses often face the need to spend large amounts of money on assets that will be functional for many years. Here are a few examples: Equipment to improve an unsafe work situation or to protect the …
The balance sheet is a snapshot of the financial position of the business at a certain point in time, usually at the end of the accounting period. The balance sheets include assets and liabilities, and shareholder’s equity/capital rights. And assets …
Financial statements are specialized reports that are universally recognized. The GAAP (generally accepted accounting principles) state what needs to be included in these reports. These reports are the income statement, balance sheet and statement of cash flows. These statements are …
Cost Accounting may also be called Managerial Accounting or Management Accounting. This accounting is quite different from normal general ledger or balance sheet accounting. The accountant will work with much more detail, often working with fractions of a penny in …
Liquidity Vs Profitability The financial manager is always faced problems with Liquidity Vs Profitability . He has to strike a balance between the two. Liquidity Vs Profitability The firm has adequate cash to pay for its bills. The firm has sufficient cash …
One of the ironies in business is that insufficient data analysis is often caused by too much information, not too little. A few well-chosen statistics that highlight critical trends and pinpoint areas that require follow-up may be much more useful …
Corporations are managed predominantly on the basis of the income statement. This claim is supported by the fact that target setting for budgets and forecasts is generally done on operating profit (or EBIT or EBITDA, if you like). It is …