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
In this article, the writer offers a comparison and contrast of the quarterly income statements of two unrelated companies, one in the service sector and one a well known retailer.

From the Paper
"America Service Group Inc. and its subsidiaries provide managed health care services to correctional facilities in the United States It contracts with state county and local governmental agencies to provide and administer health care services to inmates of prisons and jails. The company's balance sheet and income statements provided online on the Yahoo Finance website are shown below. The decline in revenues from quarter to quarter beginning in the first calendar quarter of is evident. One thing that is interesting involves the fact that this company's gross profit was highest in the ..."

Tags:accounting, quarterly results, income statement, balance sheet, results, financial statement analysis

Abstract
This paper explains that the four basic financial statements are the balance sheet, the income statement, the cash flow statement, and the statement of stockholders' equity. This paper refers to each, in part, and then emphasizes the interrelations between them.

From the Paper
"Resuming what I have argued for previously, there are two major arguments that demonstrate the interrelationship between the four basic financial statements. First of all, many of the values that are reflected in one statement generally find themselves in another. Even more so, there is a flow of information from one financial statement to another. As we have seen in the examples above, data from the cash flow statement is recorded on the statement of stockholders' equity or on the balance sheet."

Tags:stockholder, balance, sheet, income, cash, flow

Abstract
This paper describes the balance sheet, the income statement and the statement of cash flows. It examines three companies, Exxon Mobil, Ford Motor Company and Microsoft, and asks and answers questions about their financial condition and future prospects

From the Paper
"A Balance Statement is a financial statement showing assets, liabilities and net worth at a specific time. Under generally accepted accounting principles (GAAP) the following rules apply to the creation of balance sheets: assets are to be defined as items of value both tangible and intangible that a company owns or controls; liabilities are debt sowed by an organization; equity is a residual account; equity equals assets minus liabilities; current assets are assets that will become cash in the ordinary course of business within one year..."

Tags:balance sheet income statement, cash flow statement, GAAP, FASB, SEC, Ford Motor Company, Exxon Mobil, Microsoft, financial highlights

Abstract
This paper claims that according to the United States Securities and Exchange Commission, financial statements can be produced in a variety of forms to serve a wide range of purposes in determining the economic viability of an organization. Firstly the paper reviews reviews the use of the balance sheet demonstrates the assets, liabilities and shareholders equity. Secondly, income statements demonstrate income and loss of the organization over a period of time. Third, cash flow statements provide information as to the historical flow of money through the organization, as well as determine if there is a sufficient monetary amount to satisfy debts in the course of business. Finally, a shareholder's equity statement is explored.

From the Paper
"According the United States Securities and Exchange Commission financial statements can be produced in a variety of forms, to serve a wide range of purposes in determining the economic viability of an organization. First, a balance sheet demonstrates a company's " assets, liabilities and shareholders' equity" ("Beginners", 2004, sec. 3). These are the items that a company may have on hand that are of value, the debts of the company, and the monetary worth of the company, after debts, if it were sold ("Beginners", 2004, sec. 3). Secondly, income statements demonstrate income and loss of the organization over a period of time ("Beginners", 2004, sec. 4). Third, cash flow statements provide information as to the historical flow of money through the organization, as well as determine if there is a sufficient monetary amount to satisfy debts in the course of business ("Beginners", 2004, sec. 5). Finally, a shareholder's equity statement ..."

Tags:hospital, financial, statements

Abstract
This paper provides pro forma statements in the form of an income statement and balance sheet for Exxon Mobil Corporation. The paper explains that financial analyses and pro forma statements provide companies with a vital means of determining past and present performance, as well as projecting future standings. The paper concludes that, based upon the linear calculations, Exxon Mobil's management needs few recommendations.

Outline:
Projected Income Statement (includes tables)
Projected Balance Sheet (includes tables)
Conclusion

From the Paper
"In order to build a pro forma balance sheet using the percent-of-sales method, it is help to construct a table of pertinent data. The following table provides data retrieved from Exxon Mobil's 2006 financial statements, and determines percentages for key items necessary to extrapolate in the formation of a projected balance sheet.
"Once the data is taken from previous financial statements and the percentages are calculated, it becomes possible to construct the projected balance sheet."

Tags:projected, income, balance, sheet

Abstract
This paper explores the four basic financial statements used by companies to analyze company performance- the balance sheet, statement of cash flows, statement of retained earnings and the income statement. Furthermore, the paper examines the uses of these financial statements to both internal and external stakeholders of the corporation. Finally, the inter-relationships between the four financial statements is discussed.

From the Paper
"Investors: The most important stakeholder in a corporation is an investor. Investors look at financial statements in detail to find out if their investment would give good returns. If a company's balance sheet shows negative worth, investors would be reluctant to invest in the company. Furthermore, investors also look at other statements to make an informed decision. For example, a potential small investor would want to look at the company's income statement to determine whether an investment would be worthwhile."

Tags:accounting stakeholder investor, balance sheet, cash flow, retained earnings, income

Abstract
This paper explains that investors, creditors, managers and employees utilize a company's financial statements to ascertain its revenue, expenses and profits. Next the author iterates each element of the income statement, balance sheet and statement of cash flows and demonstrates how they are used. The paper concludes that the financial statements shows an array of information; however, it does not relate the attitude and opinions of the company's employees, vendors and customers, which also is important information.

From the Paper
"The statement of cash flows shows the company's inflows and outflows of cash and cash receipts. The format of the statement of cash flows is cash flows from operating activities, cash flows from investing activities, and cash flows from financing activities. Investors and creditors use the statement to predict the amount of cash that will be distributed as dividends or interest. They also use the statement to gauge the risk of investment, assess cash flow prospects, and evaluate the company's liquidity, solvency, and flow of funds."

Tags:ratios liquidity earnings, intercompany transactions, obligations

Abstract
This paper explains that, in cash basis or cash accounting, businesses record transactions only if they involve the payment or receipt of cash, which does a poor job of matching revenues earned with money laid out for expenses. The author points out that, in accrual accounting, the economic impact of a transaction is recorded whether or not the transaction involves cash, which does a better job of matching revenues with expenses and of handling items such as property and equipment. The paper relates that the four statements used in the accrual method accounting are the balance sheet, the income statement, the statement of cash flows and the statement of stockholders' equity.

From the Paper
"An example would be a purchase of supplies in July but the supplies are not sold until August. You receive the cash in August. However, when the books are closed all you have to show for July is an expense for supplies but no revenue to offset it, meaning there is a loss for that month. This can make it difficult for a business to determine whether or not it is earning a profit because all its business activity does not always fall on the same month. It also has trouble tracking anything other than cash. For example if you purchased equipment or property the cash method of accounting would show the purchase and disbursement in the month of purchase. These items, however, will be used over a period of time."

Tags:transaction, impact, revenue, statement, equity

Abstract
This paper discusses each of the following terms, expands on the definition, and explains why the concept is important to financial statements. The terms include Generally Accepted Accounting Principles (GAAP), Historical Cost, Accrual Basis vs. Cash Basis Accounting, and Current Assets and Liabilities vs. Non-Current Items. The paper locates the balance sheet, income statement, and statement of cash flows for Ford, Exxon-Mobil, and Microsoft. The paper examines whether net income or cash from operating activities is more useful for each of these companies.

From the Paper
"The GAAP are not rules set in stone; rather, they are guidelines, or you might call them a group of objectives and conventions "that have evolved over time to govern how financial statements are prepared and presented," according to www.allbusiness.com. Theses principles are set by the Financial Accounting Standards Board (FASB), and the Securities and Exchange Commission (SEC) also provides input and guidance regarding the amendments to acceptable accounting practices. The GAAP serves as a guiding light for every business: when an accountant from outside the company is looking into its financial data and record-keeping, the company expects that accountant to be using GAAP. "Compliance with GAAP helps maintain creditability with creditors and stockholders," AllBusiness.com explains, "because it reassures outsiders that a company's financial reports accurately portray its financial position.""

Tags:financial, statements, reports