Abstract
In this article, the writer examines the relevance of the balance sheet, income statement, statement of cash flows and statement of changes in retained earnings to anyone interested in examining the financial stability of a company.

From the Paper
"According to Michael Dennis in his book 'Credit and Collection Handbook' the Balance Sheet presents information about a company's assets liabilities and equity. The Balance Sheet provides a snapshot of everything that a company owns and owes on a specific date. Each asset liability and component of shareholders' equity reported on the Balance Sheet represents an account having a dollar amount or balance. The assets and liabilities section of the balance sheet are normally subdivided into current and non-current assets as well as current ..."

Tags:balance sheet, income statement, cash flow statement, statement of retained earnings, relevance, measurement

Abstract
On January 7, 2009, Ramalinga Raju, the CEO of Indian IT company Satyam, penned an unprecedented letter to the Board of Directors. In the letter, Raju admitted that he had artificially inflated Satyam's balance sheet so as to reflect over $1 billion in cash that wasn't there. That Satyam was far less profitable and cash-rich than its fake numbers suggested constituted the biggest accounting scandal in Indian history. This essay will describe the scandal in some detail, focusing on the impact on various stakeholders, and conclude that, given the current configuration of Indian's business laws, the scandal could not have been anticipated or prevented.

From the Paper
Satyam Fails Its Shareholders On January 7, 2009, Ramalinga Raju, the CEO of Indian IT company Satyam, penned an unprecedented letter to the Board of Directors. In the letter, Raju admitted that he had artificially inflated Satyam's balance sheet so as to reflect over $1 billion in cash that wasn't there. That Satyam was far less profitable and cash-rich than its fake numbers suggested constituted the biggest accounting scandal in Indian history. This essay will describe the scandal in some detail, focusing on the impact on various stakeholders, and conclude that, given the current configuration of Indian's business laws, the scandal could not have been anticipated or

Tags:satyam, maytas, raju

Abstract
This paper deals with the evaluation of two different types of allocations regarding the balance sheet of branch companies. Each method includes costs but some are traceable and some are not. Each method is briefly analyzed and evaluated to determine which one is more beneficial.

From the Paper
"Obviously costs are allocated to allow departments, accountants and owners/investors etc... to easily see where spending is occurring within a company (Horngren & Sundem, 1990, p. 65). In addition to this, allocations allow a trend of activity to be traceable, which will aid in forecast development for the future. These forecasts can also address the reduction of costs to be determined as a possible new objective for the next business year. We often forget that in order to make money that money must be spent. Costs are a "necessary evil" for all businesses. These costs/expenses can range in many different areas and often include travel expenses and fees, which are incurred to service clients in addition to general offices expenses. In the case for Creative Consumers Consultants, all costs assessed are listed in traceable and non-traceable account listings. "

Tags:allocation, costs, expenses

Abstract
This paper provides a financial analysis of the automobile company, Porsche. The paper examines the company's profit and loss account, balance sheet and cash flow statement. The paper also compares Porsche's gross profit margin with its competitors and discusses its problems and opportunities. The paper concludes that in the last fiscal year Porsche has generated earnings above industry average. Several tables are included with the paper.

Tables of Contents:
Terms of Reference
Methods Used
Introduction
Findings
Ratio Analysis
Calculation and Discussion of the Financial Ratios
Comparison of the Ratios with the Industry Average
Problems and opportunities
Inventory and Asset Valuation Methods
Application of Accounting Concepts
Conclusion
Appendix

From the Paper
"North America still remains the largest sales region for the past fiscal year and the most profitable. Domestic market was one of the weakest. Economy in the Eurozone has slowed down given a rise in oil prices and weak internal market demand as well as high unemployment. That has affected the auto industry as a whole and some manufacturers are still recovering from the drop in demand. However, Porsche models have been well received and highly in demand. This can be seen in from increase gross revenues year over year."
"On the new opportunities side Porsche should definitely look into expanding into markets such as China. Given China's strong economic growth, Porsche can greatly benefit from penetrating this market."

Tags:revenue, cost, demand, profit, sales, product

Abstract
This paper describes deferrals as prepaid expenses and accruals as accrued liability. It explains what these terms mean and how they are found on balance sheets. The paper gives examples of the terms that are described above.

Table of Contents:
Deferrals: Prepaid Expenses
1. Prepaid Expenses Recorded Initially as Assets
2. Prepaid Expenses Recorded Initially as Expenses
Deferrals: Unearned Revenues
1. Unearned Revenue Recorded Initially as Liabilities
2. Unearned Revenues Recorded Initially as Revenues
Accrued Liabilities
Accrued Assets

From the Paper
"Tracy (1997) stated that accrued liabilities is a short-term liabilities that arise from the gradual buildup of unpaid expenses, such as vacation pay earned by employees or profit-based bonus plans that are not paid until the following year. Example of an accrued liability is the salary of the employees. The amounts of such accrued but unpaid terms at the end of the fiscal period are both an expense and a liability (Fess and Niswonger, 1986)."

Tags:assets, liabilities, expenses

From the Paper
" It is the purpose of this research to examine the concepts and applications of both financial and management accounting. Financial accounting is concerned with recording the actual financial activities of an organization, while managerial accounting is concerned with the discovery of the relationships in the financial data will enhance the managerial decision-making process. Garrison (1982, p. 13) has identified eight factors and characteristics which differentiate between financial and managerial accounting:
1. Managerial accounting focuses on providing data for the internal use of an organizations managers, while financial accounting focuses on providing data for external uses by investors and creditors."

Abstract
The results of a firm analysis on performed Office Depot, Inc. (hereinafter referred to simply as Office Depot) are presented in this case analysis for fiscal year 1999.

From the Paper
"Office Depot Case: Analysis
Introduction
The results of a firm analysis on performed Office Depot, Inc. (hereinafter referred to simply as Office Depot) are presented in this case analysis for fiscal year 1999. The results are presented within the contexts of (1) industry participation, (2) income statement and balance sheet analyses, (3) cash flow analysis, (4) profitability and efficiency analyses, (5) short-term liquidity analysis, (6) long-term liquidity analysis, and (7) projections for the future.
I

ndustry Participation
The industry sector in which Office Depot participates is Specialty Retail. Within the Specialty Retail sector, the primary industry within which Office Depot participates is Office Products..."

Abstract
McDonald's Corporation is in the fast food industry and operates more than 24,000 restaurants in 111 countries worldwide. In the United States, it has 12,450 US outlets, most of them in stand-alone locations that generate a 42% share of the nation's fast-food hamburger business.

From the Paper
"FINANCIAL ANALYSIS OF MCDONALD'S

Business Description
McDonald's Corporation is in the fast food industry and operates more than 24,000 restaurants in 111 countries worldwide. In the United States, it has 12,450 US outlets, most of them in stand-alone locations that generate a 42% share of the nation's fast-food hamburger business. Corporate communications states that a new McDonald's restaurant opens every 8 hours.

Eighty-five percent of the restaurants are independently owned and operated, with company-run stores making up the other 15%. Stock increased by 16% in 1994, and 25% of all McDonald's stock is owned by employees, licensees, and suppliers (Hoover's Online, 1999)."

Abstract
Scuba diving is a rapidly growing sport, and one that is beginning to involve the entire family. Coral Divers Resort had a comfortable niche in that industry, one that had been enhanced by its owner, Jonathan Greywell's promotional strategy. According to the case study, "over the years, Greywell had established a solid reputation for the Coral Divers Resort as a safe and knowledgeable scuba diving resort. It offered not only diving, but a beachfront location.

From the Paper
"CORAL DIVERS RESORT

Introduction
Scuba diving is a rapidly growing sport, and one that is beginning to involve the entire family. Coral Divers Resort had a comfortable niche in that industry, one that had been enhanced by its owner, Jonathan Greywell's promotional strategy. According to the case study, "over the years, Greywell had established a solid reputation for the Coral Divers Resort as a safe and knowledgeable scuba diving resort. It offered not only diving, but a beachfront location. As a small but well-regarded all-around dive resort in the Bahamas, many divers had come to prefer his resort to other, crowded tourists resorts in the Caribbean."

Greywell found this niche by creating short weekend and midweek diving ventures ..."

From the Paper
"Approximately 100 years after its founding, the Coca-Cola Company, in an effort to revive lagging sales, spun off its low margin, high service cost distribution and bottling network into a separate company, Coca-Cola Enterprises, Inc. CCE Inc, is 44 percent owned by Coca Cola Company, and devotes 90 percent of its efforts to Coke Products.

Atlanta-based CCE is the #1 soft drink bottler in the world and has the business model of blending Coca-Cola syrups and concentrates with carbonated water; pouring them into Coke's trademark bottles, cans, and fountain containers; and distributing them to Belgium, Canada, France, the Netherlands, the UK, and more than 40..."