Financial Statement Analysis of China Mobile and China Unicom

Financial Statement Analysis Between China Mobile and...
Financial Statement Analysis between China Mobile & China Unicom in HK stock market вћў China Mobile Brief description: The company: China
Mobile (Stock Exchange of Hong Kong 941) Competitor: China Unicom(Stock Exchange of Hong Kong 762) It's now estimated that China has more
mobile phone users than any other country. According to statistics provided by the Ministry of Information Industry of the PRC, the number of mobile
phone owners throughout the country totaled 539 million in November 2007. However, this is only a 41.5% penetration of the enormous population of
13 billion, and signals immense opportunity. Following the rapid growth of China's per capita income, increasingly more people are finding... Show
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Basic EPS grew 31.0% to RMB4.35. This reflected a relatively high level of profitability growth and earnings capability. The Group sustained its
robust cash flow as a result of favorable business growth, effective cost control measures, efficient capital expenditure and economies of scale. Net
cash generated from operating activities and free cash flow reached 168,612 million and 63,473 million, respectively. Total debt to total book
capitalization ratio and interest coverage multiple remained at a sound level. This reflected China Mobile's commitment to consistently practise its
prudent management discipline has earned good market recognition. Operating revenue for 2007 reached 356,959 million, up 20.9%. Leased Lines
Self–constructed and jointly–constructed lines reached a sizeable scale through the continuous network structure optimization. The Group's leased line
expenses reflected a declining trend. While various businesses were growing at a high pace, the leased line expenses decreased by 121 million. The
Group consistently endeavored to drive long–term, sustainable and favorable profitability growth. Margin of profit attributable to shareholders and
EBITDA margin in 2007 remained relatively high at 24.4% and 54.3%, respectively. Profit from operations was 124,068 million and maintained a
rapid and steady growth. EBITDA, profit attributable to shareholders and
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To What Extent Might the Cash Flow Statement Help to...
To what extent might the cash flow statement help to overcome the traditional limitations of financial statement analysis in evaluating the past
performance and predicting the future successes or failures of business organisations?
Accounting is the major means of organizing and summarizing information about economic activities. The information which is provided by the
accounting practices through financial statement analysis, provides help to decision makers to take decision. There are various forms of Accounting
models which is of great help example if the financial statements for an organization is made statements like Balance Sheet, Profit and loss Account etc
it helps the organization out to makes its stand in the market ... Show more content on Helpwriting.net ...
This is a disadvantage of Ratio because it has to be depended on other figures when it is individual it represents nothing
There are certain standard set which cannot became for organisation now this again deviates from one another for different organisation.
Ratio is not calculated on a daily basis it is prepared as and when the income statement and balance sheet is prepared that takes palace annually.
MODERN MEHTOD OF ANALYSING: CASH FLOW STATMENT
Cash flow is one of the most vital elements in the survival of a business to include CFs in the annual report of the company is a recent concept.
Complementing the balance sheet and income statement, the cash flow statement (CFS), its a mandatory part of a company 's financial repot,
records the amounts of cash and equivalents entering and leaving a company. The CFS helps the investor to understand and figure out the position
of the company from where the money comes and where the money is spent by an Survival of a business depends not only on profits but perhaps
more on its ability to pay its debts when they fall due. Shareholders might believe that if a company makes a profit after tax , then this is the amount
which it could afford to pay as a dividend. Unless the company has sufficient cash available to stay in business and also to pay a dividend, the
shareholders ' expectations would be wrong.
It can be positive, or negative, which is obviously

Financial statement analysis and report
ACFI 1001 Accounting for Decision Makers – Individual Project (15%)
Financial Statement Analysis and Report
Objectives
Apply theory in practice
Conduct analysis of financial statement – to look beyond the numbers
Experience formal report writing.
REQUIRED: Written report (a soft copy on blackboard via turnitin and printed copy to tutors is compulsory)
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 ... Show more content on Helpwriting.net ...
11.25 – 12.75 marks: The paper generally is well written but may have minor grammatical or other writing errors or lack smooth transitions. The report
addresses the issues specified in the requirements, demonstrates understanding, and focuses mainly on important items, but does not fully synthesize
the material being discussed, and/or does not integrate the annual report data with the narrative.
9.75 – 11.25 marks: The paper does not have excessive grammatical or other writing errors. The report addresses the issues specified in the
requirements, but demonstrates only moderate understanding, and/or lacks integration.
7.5 – 9.75 marks: The paper does not have excessive grammatical or other writing errors. The report addresses the issues specified in the requirements
but demonstrates only minimal understanding of one or more of the issues.
0 – 7.5 marks: The paper fails to meet the basic requirements, has excessive composition errors, and/or fails to demonstrate understanding of the
requirements.

Guide to understand and find annual report of companies:
Most public companies have made their annual reports available at company websites.
A company 's annual reports are often located under the Investor Information section at the company website.
You can use the Company Search http://www.asx.com.au/research/company–research.htm function to find the Internet addresses and other details of
Australian companies listed on

Pro Forma Financial Statement Analysis
Business 2204 Personal Finance
Written Assignment #4
1.What financial tools describe in this chapter can help you make better financial decisions
In this week chapter, we were introduced to another financial tool which is the Pro forma financial statement that provide a look the potential result of
financial decision. Per AccountTools (2011, August 5) What Are Pro forma financial statement? Retrieved from http://www.accountingtools.com
/question–and–answers/what–are–pro–forma–financial–statements.html a pro forma financial statements are the complete set of financial reports issued
by an entity, incorporating assumption or hypothetical condition about events that may have occurred in the past or which may occur in the future. Pro
forma financial

Financial Statement Analysis And Ratios
Chapter 17 covers the financial statement analysis and ratios. Financial statement analysis is the process of examining financial statements that will
depict the financial position of the company allowing them to make better financial decisions. A typical financial statement consist of a balance sheet,
income statement, cash flow statement and notes to account. The most common being the balance sheet and the income statement. The balance sheet,
also referred to as a statement of financial positon, is usually made up of assets and liabilities and provides information about the financial position of
the company. It is a two sided report, assets on one side, and liabilities on the other. Liabilities typically include accounts payable, accrues expenses,
income tax owed, stockholders' equity (net worth), and loans. The income statement, also referred to the earning and loss statement, depicts the
profitability of the company. It shows to total sales revenue for one year. The expenses the company incurs in producing finished good to sell is
subtracted from the sales revenue. Also deducted is the operating cost expenses and the deprecation. When analyzing the income statement, it is
important to note that the profitability isn't just the total profit. It is important to look at the ratio of expenses as a percentage of profit. A company
with high profits and high expenses could easily be mismanaged.
However, balance sheets and income statements have little meaning by

Hrm 531 Week 2 Financial Statement Analysis
Memo
To: John Doe
From: Team C
Date: February 20, 2012
Subject: Auditing, share–based payment and SPE reporting
A publically traded company offers challenges to auditing when it comes to shared–based payment reporting and special–purpose entities (SPE)
reporting individually. The most basic principle of GAAP at risk is the qualitative characteristic of reliability. Shared
–based payment and SPE reporting
individually has been broken down to better equip the audit for our client.
It is important to notice that Special Purpose Entities should be carefully reviewed by each member of the auditing team. Even more after it was
proven that most of Enron's fraudulent accounting practices involved SPE. SPE allows companies to reduce their ... Show more content on
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SPE Reporting Individually
A special purpose entity (SPE) is a business interest formed in order to perform a specific task or tasks. SPE's are also referred to as off–balance sheet
arrangements. SPE's are formed to 1). Finance certain assets or services and keeping the associated debt off the balance sheet of the sponsors,
2).Transform certain financial assets, such as trade receivables, loans, or mortgages, into liquid securities, and 3). Engage in tax–free exchanges
(Saroosh, 2004). Most of the SPE's in the U.S. have been organized as limited liability corporations (LLC). A trust is also a common SPE in the U.S.
US GAAP has two models for off–balance sheet treatment of SPEs – one addressing de–recognition of assets and the second dealing with
consolidation of variable interest entities. Initially accounting treatment for SPE's was established by FAS 140. Until 2010, de–recognition of assets
were governed by FAS 140, according to Basel Committee (2009). In order to be de–recognized, assets must be isolated from the transferor and put
beyond the reach of creditors and receivers. This standard is commonly referred to as meeting "true sale" criteria. To qualify as a true sale; the
transferor must surrender effective control over the

Common Methods Of Financial Statement Analysis
Financial statement analysis is used to identify the trends and relationships between financial statement items. Both internal management and external
users (such as analysts, creditors, and investors) of the financial statements need to evaluate a company's profitability, liquidity, and solvency. The most
common methods used for financial statement analysis are trend analysis, commonвЂђsize statements, and ratio analysis. These methods include
calculations and comparisons of the results to historical company data, competitors, or industry averages to determine the relative strength and
performance of the company being analyzed.
A branch of economics concerned with resource allocation as well as resource management, acquisition, and investment. Simply Finance deals with
related to money and the markets. To raise money through the issuance and sale of debt and equity.
It is observed that while considering the firm performance, the profit and wealth maximization are liked and effected by one another. A company's
financial performance therefore is normally ... Show more content on Helpwriting.net ...
These statements allow analysts to measure liquidity, profitability, company–wide efficiency and cash flow. There are three main types offinancial
statements: the balance sheet, income statement and cash flow statement. The balance sheet is a snapshot in time of the company's assets, liabilities
and shareholders' equity. Analysts use the balance sheet to analyze trends in assets and debts. The income statement begins with sales and ends with
net income. It also provides analysts with gross profit, operating profit and net profit. Each of these is divided by sales to determine gross profit
margin, operating profit margin and net profit margin. The cash flow statement provides an overview of the company's cash flows from operating
activities, investing activities and financing

Financial Analysis On Financial Statements
Firm Performance: A Review of Financial Statements Financial crises like dot–com bubble in the late 1990s and the housing market crash in the late
2000s prompted investors, and firms, to reconsider the criticality of financial discipline. Transparency would be necessary to entice investors to spend
money again, thus a firm's financial statements became their marketing tools. These examples reinforce the importance of financial statements' relation
to the financial wellbeing of a company. This paper serves as a report on the purpose and aspects of the various financial statements and their
applicability to the performance of a firm.
Income Statements
Income statements, also known as profit–and–loss statements, are one of the core financial statements publicly held firms must present annually.
Serving as the officially documented representation of company expenses and revenues over a set duration, the income statement is often used to assess
the performance and profitability of a company (Alvis, n.d.). The key expense items included on an income statement are: general and administrative
expenses (G&A), research and development expenses, depreciation/amortization, and cost of revenue (Alphabet, 2014).
The crucial importance behind the income statement lies in its ability to lay out the relevant facts in a simplistic manner. By reviewing a company's
income statement, one can instantaneously ascertain the financial productivity of a company and their current

Financial Statement Analysis
MODULE 10 FINANCIAL STATEMENT ANALYSIS THEORIES: 6.Management is a user of financial analysis. Which of the following comments
does not represent a fair statement as to the management perspective? A.Management is always interested in maximum profitability. B.Management is
interested in the view of investors. C.Management is interested in the financial structure of the entity. D.Management is interested in the asset structure
of the entity. Limitations 1.A limitation in calculating ratios in financial statement analysis is that A.it requires a calculator. B.no one other than the
management would be interested in them. C.some account balances may reflect atypical data at year end. D.they... Show more content on
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vertical analysisC.profitability analysis B.solvency analysisD.horizontal analysis 11.Horizontal analysis is also known as A.linear analysis.C.trend
analysis. B.vertical analysis.D.common size analysis. 13.In which of the following cases may a percentage change be computed? A.The trend of the
amounts is decreasing but all amounts are positive. B.There is no amount in the base year. C.There is a negative amount in the base year and a negative
amount in the subsequent year. D.There is a negative amount in the base year and a positive amount in the subsequent year. 14.Horizontal analysis is a
technique for evaluating a series of financial statement data over a period of time A.that has been arranged from the highest number to the lowest
number. B.that has been arranged from the lowest number to the highest number. C.to determine which items are in error. D.to determine the amount
and/or percentage increase or decrease that has taken place. Trend analysis 16.Trend analysis allows a firm to compare its performance to: A.other firms
in the industryC.other industries B.other time periods within the firmD.none of the above Risk and return 29.The present and prospective stockholders
are primarily concerned with a firm' A.profitabilityC.leverage B.liquidityD.risk and

International Financial Statement Analysis Workbook
INTERNATIONAL FINANCIAL STATEMENT ANALYSIS WORKBOOK INTERNATIONAL FINANCIAL STATEMENT ANALYSIS
WORKBOOK CFA Institute is the premier association for investment professionals around the world, with over 95,000 members in 134 countries.
Since 1963 the organization has developed and administered the renowned Chartered Financial AnalystВ® Program. With a rich history of leading the
investment profession, CFA Institute has set the highest standards in ethics, education, and professional excellence within the global investment
community, and is the foremost authority on investment profession conduct and practice. Each book in the CFA Institute Investment Series is geared
toward industry practitioners, along with graduate–level п¬Ѓnance... Show more content on Helpwriting.net ...
tcomes Summary Overview Problems Contents 33 33 34 35 CHAPTER 7 Financial Analysis Techniques Learning Outcomes Summary Overview
Problems 41 41 42 43 CHAPTER 8 International Standards Convergence Learning Outcomes Summary Overview Problems 49 49 50 51 CHAPTER
9 Financial Statement Analysis: Applications Learning Outcomes Summary Overview Problems 55 55 56 56 CHAPTER 10 Inventories Learning
Outcomes Summary Overview Problems 59 59 60 61 CHAPTER 11 Long–Lived Assets Learning Outcomes Summary Overview Problems 65 65 66
67 CHAPTER 12 Income Taxes Learning Outcomes Summary Overview Problems 71 71 72 73 Contents vii CHAPTER 13 Long–Term Liabilities
And Leases Learning Outcomes Summary Overview Problems 79 79 80 81 CHAPTER 14 Employee Compensation: Postretirement And Share–Based
Learning Outcomes Summary Overview Problems 85 85 86 87 CHAPTER 15 Intercorporate Investments Learning Outcomes Summary Overview
Problems 95 95 95 97 CHAPTER 16 Multinational Operations Learning Outcomes Summary Overview Problems 105 105 105 107 CHAPTER 17
Evaluating Financial Reporting Quality Learning Outcomes Summary Overview Problems 115 115 116 117 PART II Solutions CHAPTER 1
Financial Statement Analysis: An Introduction Solutions 121 123 123 CHAPTER 2 Financial Reporting Mechanics Solutions 125 125 viii CHAPTER
3 Financial Reporting Standards Solutions Contents 129

The Analysis Of Financial Statements
The analysis of financial statements is the critical process that is aimed at assessing the present and past financial position and the results of
operations that are carried out in a company. The primary objective of this analysis is to establish the best possible estimates and predictions about
future results and conditions that the company can reach. It is based on two primary pieces of knowledge, where the first is the in–depth knowledge of
the accounting model and the second would be the domain of the tools used for the financial analysis, which enables the identification and analysis of
the relationship between financial and operational factors. For that reason, the financial analysis is a working tool widely used by the directors... Show
A viable alternative to solve this problem is based on providing the company the analytical tools necessary to include indicators of liquidity, solvency,
and profitability, but also serve as support for the process of administrative decisions of the enterprise. A company's financial information will assess
the operation of the business and provide the real financial condition of the entity as well as the efficiency of the management. The financial statements
of a company facilitate efficient and effective decision making. The financial analysis of a corporation helps assess the financial growth of the
enterprise. Effective decision making leads to proper management of company resources.
BUSINESS ANALYSIS
Unfortunately, the company does not have an efficient financial model that can provide the financial information needed to measure its economic
indicators. Currently, the company only has some accounting reports, provided by the accounting department of the enterprise, such as purchase and

Let 's Talk About Financial Statement Analysis
Let's talk about Financial Statement Analysis is the process of reviewing and analyzing a company's financial statements to make better decisions.
When you are dealing with financial statement analysis you will be looking at income statement, balance sheet, statement of cash flows, and a
statement of retained earnings. The larger field of business analysis is very significant and essential. Forecasts and jeopardy are part of the process
in business analysis. Most business will make sure they have a business analysis due to it is very useful in business decisions. Debt securities and
equity is a wide range of business analysis to make very important business decisions. In your business you want to spread your credit through short or
... Show more content on Helpwriting.net ...
Helping organizing business task through business analysis through evaluation of company's business environment, its strategies, and its financial
position and performance. I would begin by evaluating a company business environment and strategies. We start by learning the company's business
accomplishments and learn that it is a top global consumer product company. We are trying to see if the company have worldwide accepted brands that
are mainly in the oral, personal, and home care arcades.
FINANCIAL STATEMENT ANALYSIS4 Ensure you have worthy supporters to loan funds to your company in return for a potential of repayment
with interest. So you know this type of financing is momentary since supporters want repayment of their funds with interest. Creditors are all about
making money in the course of helping you out with your industry. Creditors have different ways to loan treasuries in many forms and for a
variation of tenacities. Supporters will work with you to make sure which is right for your business. If you decide to organize trade then functioning
creditors will transport goods and services to a firm and expect payment within a sensible period, often stubborn by industry norms. Some trade credit
is petite term, vacillating from 30 to 60 days, with cash discounts often settled for speedy payment. Skill creditors usually do not receive interest for a

April Cruz, Litesha Forbes, Phillip Gibson, Jessica Hewlett, Lily James, Velda Justin, and Nzingha Reel
ACC/561
September 27, 2010
Mark Tischler
The accounting information of this paper provides a financial statement analysis for three distinct companies: Mercedes Benz, a foreign manufacturer
of vehicles; Macy's Inc, a retail department store, and American Airlines, an airline company. The analysis for each company includes the quick and
current liquidity ratios, the DuPont ratio, profit margin, asset utilization, and financial leverage. Discussions in this paper include how the differences
of each industry affect presentations as they relate to different ... Show more content on Helpwriting.net ...
The IASB sets international principles underlying the preparation of financial statements. It represents the foundation of international accounting
(IASB, 2010). The FASB is a private board that sets the standards for the United States. The FASB makes sure standards make information accessible
and understandable for the public and investors in the U.S. They define fair values and framework for fair values in (GAAP) Generally Accepted
Accounting Principles (FASB, 2010). The two boards are working on joining to form one common set of standards that will rule internationally. The
merger is not formally completed but they are already working together to create new rules that affect presentations across–the–board, i.e. according to
The Economist (2010), "businesses may have to start putting leases on their balance–sheets" (Business & Finance, para 1). This is an example of an
across–the–board rule that would affect any industry that leases equipment, property, or any item, and they must record it to their liabilities column.
Mercedes Benz currently follows the standards of International Financial Reporting Standards (IFRS) because it is a foreign owned company. These
standards are more principle–based and require more judgment than American accountants are use to in their accounting procedures. The retail
industry's current IFRS application practice is diversified (IFRS, 2010). Retailers in the industry follow IASB and FASB guidelines that cause

Financial Statement Analysis Blackmores
Introduction
BlackmoresпјЊthe leader of Australian pharmaceuticals with over 80–year history, keeps focusing on natural health care and becoming the first choice
of the public. This essay will discuss the financial condition by analyzing the annual reports of Blackmores in the period from financial year 2010 to
financial year 2012. It will be demonstrated by focusing on financial statements analysis, financial statements comments and comparison with Mcksson.
Financial statement analysis
Goals and ethical issues
As the famous Australian pharmaceuticals, Blackmores sets its objectives as pursuing the leadership position of Australian natural health brands and
improving people's lives by delivering the world's best natural health solutions ... Show more content on Helpwriting.net ...
Sales took the most percentage of total revenue. The revenue of sales increased gradually from $ 214,934 (in thousands) in 2010 to $ 260,832 in
2012 while the figure of royalties reduced gradually from $ 873 in 2010 to $ 681 in 2012 (in thousands). The revenue of other income increased
from $ 1,286 to $ 1,325 during this period and then the figure decreased dramatically to $ 533 in the financial year 2012. In addition, in the financial
year 2012, a new resource of revenue called membership was developed with the figure of $54.
The top four expenses of Blackmores in the three years were the cost of raw materials and consumables used, employee benefits expense, selling
and marketing expenses and promotional and other rebates. All the four expenses increased gradually in the three years. The cost of raw materials
and consumables used raise from $ 65,748 to $ 76,551 while employee benefits expense increased from $ 48,179 to $ 54,910. The costs of selling and
marketing expenses and promotional and other rebates increased to$ 24,462 and $ 32,478 respectively from both around $ 19,000.
According to the comprehensive income statements of Blackmores, the figures of net profit margin of the three years

Procter And Gamble Financial Analysis
ANALYSIS OF FINANCIAL STATEMENT OF P&G CORPORATION
IBRAHIM KALEEL GM
MBA
SRINIVAS INSTITUTE OF MANAGEMENT STUDIES
PANDESHWAR MANGALORE– 575001 EMAIL: KALEELUCHIL227@gmail.com
ANALYSIS OF FINANCIAL STATEMENT OF P&G CORPORATION
Abstract : Analysis of financial statement of a company is an important because it is useful to obtain Information ... Show more content on
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Secondary information is collected for this case. This case study limited only one techniques of financial analysis that is Ratio Analysis and also taken
a single company. Thus the conclusion of the analysis carried out in a professional manner will be able to correctly describe the evaluation of the
company and to substantiate the user's decisions.
Key words : Financial Statement, Ratio Analysis, Financial status, Financial performance.
Introduction :
Procter and Gamble Co. also know as P&G, is an American multinational consumer goods company, founded by William Procter and James Gamble.
Its products include cleaning agents and personal care products. It has in its kitty global brands such as Ariel and Tide in the Fabric care segments
and Head & Shoulder, Pantene and Rejoice is the Hair care segment. For this case study selects P&G Company as it has an important role in the
consumer segment products. As P&G was a popular company, the financials statement shows better performance in the previous year.
Financial Statement Analysis is the process of reviewing and analyzing a company's financial statements to make better decisions. These statement
includes the Income statement, Balance sheet, Statement of cash flows and a statement of changes in equity.
There are 4 techniques used in Ratio Analysis:
Horizontal

Chapter 2
Introduction to Financial Statement Analysis
2–1.What are the four main financial statements? What checks are there on the accuracy of these statements?
The four financial statements are: the balance sheet, the income statement, the statement of cash flows, and the statement of changes in shareholders'
equity. Financial are required to be audited by a neutral third party, who checks and ensures that thefinancial statements are prepared according to
GAAP or accounting standards and that the information contained is reliable.
2–2.Who reads financial statements? List at least three different categories of user. For each category, provide an example of the type of information
they might be interested in and ... Show more content on Helpwriting.net ...
2–5.What was the change in Nokia's book value of equity from 2006 to 2007 according to Table 2.1? Does this imply that the market price of Nokia's
shares increased in 2007? Explain.
Nokia's book value of equity increased by в‚¬5,278 million from 2006 to 2007. An increase in book value does not necessarily indicate an increase in
Nokia's share price. The market value of a share does not depend on the historical cost of the firm's assets, but on investors' expectation of the firm's
future performance. There are many events that may affect Nokia's future profitability, and hence its share price, that do not show up on the balance
sheet.
2–6.Use EDGAR to find Qualcomm's 10K filing for 2009. From the balance sheet, answer the following questions:
a.How much did Qualcomm have in cash and short–term investments?
b.What were Qualcomm's total accounts receivable?
c.What were Qualcomm's total assets?

d.What were Qualcomm's total liabilities? How much of this was long–term debt?
e.What was the book value of Qualcomm's equity?
a.$2,717 million (cash) and $8,352 million (short–term investments/marketable securities) for a total of $11,069 million
b.$700 million
c.$27,445 million
d.7,129 million, nothing
e.$20,316 million
2–7.Find online the annual report of Cadbury from www.cadburyinvestors.com for 2007. Answer the following questions from their balance

A Financial Statement Analysis Project for Introductory...
G lobal Perspectives on Accounting Education
Volume 6, 2009, 83–96
A FINANCIAL STATEMENT ANALYSIS
PROJECT FOR INTRODUCTORY
FINANCIAL ACCOUNTING
Marilyn B. Misch
Business Administration Division
Pepperdine University
Malibu, California
USA
Carolyn A. Galantine
Business Administration Division
Pepperdine University
Malibu, California
USA
ABSTRACT
This paper describes a financial statement analysis project useful in both preparerbased and user–based introductory courses in financial accounting.
The project requires students to analyze trends in corporate performance, to evaluate corporate financial decisions, to discuss non–financial statement
issues that would be important to potential investors, to compare two companies ... Show more content on Helpwriting.net ...
The project in this paper, on the other hand, is much more in keeping with the recommendations of authors such as
Kimmel (1995), who call for using cases which do not have unique solutions and which require students to formulate recommendations on the basis of
incomplete information. The project included here has only six requirements, which are completely detailed on a single page. Yet, while the
requirements provide a systematic framework for completion, they also are open–ended, inducing students to create analyses tailored to the particular
circumstances encountered by the specific companies and specific industries being analyzed at a particular point in time.
T

84
A Financial Statement Analysis Project for Introductory Financial Accounting
85
PROJECT OVERVIEW
Project Requirements
As may be seen in the assignment sheet included in Appendix 1, the project requires students to obtain annual reports for two companies in a given
industry–one to serve as the "base company" and one to serve as the "comparison company." Then, students are required to analyze key trends in the
base company's income statement and balance sheet

Page – 1 of 24 Financial Statement Analysis. Abstract Financial Statements are summaries of monetary data about an enterprise. Hence Financial
Statement Analysis will help one to assess the Viability, Stability, Profitability and Liquidity of an enterprise. In this Assignment, an attempt, to analyze
the financial performance of two companies in Textile Industry (S.Kumar Nationwide Ltd. & Gokaldas Export Ltd.) has been made. As the result of
this assignment I found the performances of S.Kumar Nationwide Ltd. is better than Gokaldas Export Ltd. Introduction Financial statement analysis is
a technique of answering various questions regarding the performance of the firm in the past, present and future. So in this assignment we have... Show
Selecting Benchmark Firm There are many leading companies in textile industry however many of them are also involved in other industries. I have
selected the below companies which have textile as more than 90% of the Turnover. Table Showing– Comparison On Peer Group Firms Name Of The
Firm S.Kumars Nationwide Ltd. Maxwell Industries Ltd. Malwa Cotton Spinning Mills Ltd. Gokaldas Exports Ltd. Loyal Textiles Mills Ltd. Siyaram
Silk Mills Ltd 2010 Sales in crores 1,550.19 211.39 458.90 1,093.40 424.06 647.87 Table– A1 Net Profit 60.09 7.02 –43.72 3.37 –14.13 11.44 Profit %
3.88 3.32 –9.53 0.31 –3.33 1.77 I have selected Gokaldas Exports Ltd. From the above 5 firms that I considered to compare with the main firm. The
first factor that I considered was Gokaldas Exports Ltd's Sales is near to the main Firm when compared to the other firms. However I was not
compromised to their profit percentage so I also considered their pervious performers comparing with S.Kumars Nationwide Ltd. for past 5 years to
justify my selection. Please find the comparison in next page. Page – 4 of 24 Table Showing – Comparing Profit % For Five Years Year 2009 2008
2007 2006 2005 S.Kumars Nationwide Ltd. Total Sales Net Profit Profit % 1550.23 1605.72 1229.54 889.73 344.53 60.09 178.13 107.47 99.78 9.15
3.88 11.09 8.74 11.21 2.66 Table– A2 Gokaldas Exports Ltd. Total Sales Net Profit Profit % 1,093.40 1,002.57 999.81

A Financial Statement Analysis Project for Introductory...
G lobal Perspectives on Accounting Education Volume 6, 2009, 83–96 A FINANCIAL STATEMENT ANALYSIS PROJECT FOR INTRODUCTORY
FINANCIAL ACCOUNTING Marilyn B. Misch Business Administration Division Pepperdine University Malibu, California USA Carolyn A.
Galantine Business Administration Division Pepperdine University Malibu, California USA ABSTRACT This paper describes a financial statement
analysis project useful in both preparerbased and user–based introductory courses in financial accounting. The project requires students to analyze
trends in corporate performance, to evaluate corporate financial decisions, to discuss non–financial statement issues that would be important to
potential investors, to compare two companies within an industry,... Show more content on Helpwriting.net ...
As a first step, the professors organize students into groups of four to five people, balancing the groups based on both academic major and
performance in the class to date (including performance on homework and the first exam), as well as to achieve diversity. The group format is used
to encourage students to learn from each other, to motivate students to consider alternative viewpoints, to develop students' understanding of group
dynamics, and to limit the amount of time required of the project for both students and the faculty who must grade it. Each professor uses a different
approach in selecting the industry and companies for analysis. One professor takes industry suggestions from the class (with the restriction that there
be sufficient companies so that no more than two groups will have to analyze the same pair of companies), writes the suggestions on the board, and
asks students to vote for their top two choices. Then, a second vote is taken from among the top two original suggestions, with a majority vote
determining the industry to be analyzed. Finally, groups have one week to send the professor an email proposing two companies to analyze, with first
responders being given preference, so that no more than two groups analyze the same pair. 85 Misch and Galantine 86 The other professor announces
group assignments near the end of a class session, then allows groups

Financial Statement Analysis Of Amazon.com, Inc.
Financial Statement Analysis AMAZON.COM, INC. History Incorporated in 1994 and launched in 1995 as an online bookstore, Amazon.com was
founded by Jeff Bezos with a vision of creating "the everything store" (Stone, 2013) and the largest of its kind; hence, it was named after the largest
river in the world (D'Onfro, 2014). In 1997, Amazon announced IPO and trading began on NASDAQ under "AMZN". That same year, Amazon sold
to its one–millionth customer copies of a Windows NT manual and The Royals, Kitty Kelley's biography of the British Royal family, hand–delivered
to Japan by founder Jeff Bezos. Since 1998, Amazon has started expanding and opened its doors to international trading by launching its first
international websites: Amazon.co.uk (UK) and Amazon.de (Germany). In 2000, Amazon publicly showed its intention of selling all goods by
adding a curved arrow from A to z on the company logo (Hayes, 2015). That same year, Amazon Marketplace allowed third party sellers (individuals
and companies) to sell new and used products on the Amazon platform. By 2001, Amazon finally earned a quarterly profit of $5 million on revenues
of over $1 billion. In 2005, Amazon launches Amazon Prime, a membership that gives faster deliveries and access to Amazon's film and tv streaming
service, of which Google chairman, Eric Schmidt, is a member (Stone, 2013). In 2007, Amazon Kindle e–book reader was launched and as of 2014,
there are 2.5 million e–book titles available (Hayes, 2015).

Financial Statement Analysis : Financial Assessment And...
INTRODUCTION Different segments of the general public are keen on data about the present budgetary positions and future prospects of business
undertakings. Presently the people perhaps straightforwardly identified with the enterprise, or they may be keen on securing relations with the same
instantly. Their essential target is to choose whether they will keep up, reinforce, or break their current relations with the business undertakings.
Various proclamations readied toward the end of each bookkeeping period to survey Financial Activities and Financial position of a worry are
altogether called Financial Statements. They consist of the following:
Income Statement
Balance Sheet
Cash Flow Statement
Fund Flow Statement
On the premise of the data uncovered in Financial Statements, clients of these come to think about the development, productivity, dissolvability, and
monetary quality of an undertaking.
Monetary Statement Analysis is an investigation which discriminatingly looks at the relationship between different components of the Financial
Statements with a perspective to acquire vital and compelling data from these. It a methodology of filtering Financial Statements for assessing the
relationship between the things as revealed in these. It is fundamentally a posthumous of the value–based exercises of a venture as unveiled in the
Financial Statements in order to judge operational capacity, capacity, gainfulness, dissolvability, managerial effectiveness and

America Online, Financial statement analysis
Financial statement analysis America Online, Inc. Case Study 1
1. Prior to 1995, why was America Online so successful in the commercial online industry relative to its competitors CompuServe and Prodigy?
AOL offered a broad range of features including real–time talk, electronic mail, e–magazines and newspapers, online classes, shopping, and internet
access. They also had software for the internet such as for production and distribution of original content, interactive marketing and transactions
capabilities, and networks to support the transmission of data. In other words, AOL was a platform that connected the person with the need to internet
access with the person who had the internet content by charging membership fees. ... Show more content on Helpwriting.net ...
Considering the uncertainty in the subscription life, in order to provide more accurate report AOL should change its accounting policy and charge the
subscriber acquisition cost to the period in which it is incurred. The company was not consistent with this point of view and actually increased the
amortization period from 12–18 months to 24 months in 1995. AOL was too confident in its market strategy and retention ability and ignored the
increased competition in the market. 5. What would be the effect on AOL's 1994 and 1995 ending balance sheets if the company had followed the
policy of expensing subscriber acquisition outlays instead of capitalizing them? What would be the effect of expensing subscriber acquisition costs on
AOL's 1995 income statement?
If AOL expensed the subscriber acquisition outlays instead of capitalizing them, it removes these costs from theasset section on the balance sheets,
which reduces the total assets. The shareholder's equity decreases as a result. If these costs were expensed, they would appear in the expense section on
the income statement. Therefore, increasing the expenses and reduce the net income on the income

Essay Acc 561 Week 2 Financial Statement Analysis
Financial Statement Analysis NAME ACC/561 Accounting DATE University of Phoenix PROFESSOR Introduction Samsung– International
Manufacturing Company Samsung served as the manufacturing industry and international company analyzed. Samsung has been in business for over
70 years and manufactures products for diverse markets, including: digital media, high –tech electronics, home appliances, information technology and
telecommunication. Samsung's motto is to "inspire the world and create the future" by leveraging three key strengths: new technology, innovative
products and creative solutions. | Samsung| Wells Fargo| AT&T| Current Ratio| 1.4101| 1.1500| 1.6467| Debt to Equity Ratio| 0.6768| 9.8100|
0.9675|... Show more content on Helpwriting.net ...
Wells Fargo shows a much higher profitability ratio than Samsung, with over 8X that of Samsung. This is to be expected as services are typically more
profitable than hardware sales which operate on leaner margins. Wells Fargo also outperforms Samsung significantly on return on sales with over 25X
better performance. This again is attributable to better margins on services than hardware. Wells Fargo has a much stronger return on equity than
Samsung with a Dupont ratio over 5X higher than Samsung's. Samsung has a stronger financial leverage ratio than Wells Fargo with almost 20% lower
ratio for Samsung. Samsung also has a much lower total asset turnover than Wells Fargo. This is attributable to the quick turnover of assets in the
manufacturing industry compared to the slow turnover of assets in the financial services sector. With Samsung being the only international company
evaluated, there doesn't seem to be any significant impact of IASB over FASB standards for accounting. With the ratios used, the core components of
the balance sheet and income statement were utilized. The key elements of revenue, expenses, assets and liabilities weren't significantly impacted by
IASB over FASB standards. Wells Fargo– Domestic Services Industry Company Wells Fargo is an international company based in United States and
Canada. Wells Fargo has several divisions and services, ranging from basic deposit accounts to complex commercial loans.

Financial Statement Analysis and Financial Forecasting
Financial Statement Analysis and Financial Forecasting
4.1 Introduction. The lesson will consist of basic financial statements, its relevancy, reliability and quality as a basis for making decisions. Focus on the
decision–making role of accounting system has to be elaborated. Also ratio analysis as decision tool with forecasting models is discussed. The basis
concept of preparation of financial statement and its usefulness is included with ratio analysis. Cash flow analysis and financial planning with
forecasted financial statement are covered.
4.2 Source of Financial Information. Accounting is the guide–post for management. A firm should know the financial implications of its operations.
The financial score of the firm is kept by ... Show more content on Helpwriting.net ...
Measures assets and liabilities in monetary units and in accordance with cost principles. Communicates information about assets (resources), liabilities
(out side claims), and owners' equity.
4.3.4 Profit and Loss Account (Income Statement). Income statement is considered as a very significant statement, with more attention to the firm's
earning capacity as a measure of its financial strength. The earning capacity and potential of a firm is reflected by its income statement. The generally
accepted convention is to show one year's events in income statement. Since the income statement reflects the results of operations for a period of
time, it is a flow statement. The income statement presents the summery of revenues, expenses and net income of a firm. It serves as a measure of the
firm's profitability. Revenues are amounts which the customers pay to the firm for providing them goods and services. The firm uses economic
resources in providing goods CDCE Page 2
and services to customers. The cost of the economic resources used to earn revenues during a period of time called expenses. Thus, to determine net
income, the accounting system matches expenses incurred during the accounting period against revenues earned during that period. The matching of
expenses with revenue is called matching

Analysis Of Goodwill Impairments And Their Effects On...
Analysis of Goodwill Impairments and
Their Effects on Financial Statements
The impairment–only accounting model for goodwill was initially brought to the table in 2004, to replace the previous amortization–based model. Over
the years, research supported the idea that impairment charges improved the fundamental economic attributes of goodwill than systematic amortization
charges. Research also revealed that such annual changes had minor information value to users. According to KPMG (2014), this was the key reason
why the US Financial Accounting Standards Board (FASB) "replaced straight–line amortization of goodwill with this model that was based exclusively
on impairment testing" (p. 4). The FASB argued that this approach provides ... Show more content on Helpwriting.net ...
After the value is determined, if the goodwill's fair value is less than the carrying value, the goodwill is considered "impaired" and must be charged
off. Essentially, the charge off reduces the value of goodwill to market value, reflecting a "mark–to–market" charge.
Essentially, goodwill is the "value of an asset that is considered intangible but has a quantifiable prudent value in a business (Boundless, 2014)." An
example of goodwill could be the reputation a firm has with its client. It is important to remember that although goodwill is technically an intangible
asset, it typically is listed separately on a business balance sheet.
Goodwill impairments under SFAS 142, has been the subject of many controversies. Opponents worry that specific aspects of the standard "are
complicated and require judgment (Boundless, 2014). " Therefore, a goodwill impairment charge has the ability to increase the uncertainty of the
analysts forecasting. Goodwill is recorded at the "time of a business combination by an acquiring entity, and is defined as the excess of the
consideration transferred plus te fair value of any non–controlling interest in the acquire at the acquisition date over the fair values of the identifiable
net assets acquired" (FASB, 2007). Prior to the SFAS 141 and SFAS 142, APB Opinion No.17 regulated accounting for goodwill (Chen, Krishnan,

Analysis of Microsoft Financial Statements
Analysis of Financial Statements
Financial statements are frequently a key source of information for financial decisions and taking a look at Microsoft's financial statements can help us
decide certain things about the company. There are three different types of statements that will be discussed in this section. These include: thebalance
sheet, the income statement, and the statement of cash flows. They are discussed here in either the sense of quarterly or yearly statements and will be
noted as so. All information has been derived from Yahoo Finance. (http://finance.yahoo.com) The first statement that will be analyzed for Microsoft is
the balance sheet. The balance sheet is essentially a snapshot of what the firm owns ... Show more content on Helpwriting.net ...
The final section of the statement of cash flows is the financing section, which shows the dividends paid, the purchases of stock, the net
borrowings, and other possible cash flows from financing activities. A positive trend for investors is the fact that dividends paid has increased
(even though it is negative to the firm) as well as sale purchase of stock, from 2009 to 2011 and even increased quarterly in 2011. The net
borrowings is off an on from 2009 to 2011 possibly because of certain funds needed in particular years. In 2009, it was $5,746,000,000 and in 2010, it
was $190,000,000. It shot back up again in 2011, with $5,960,000,000. The three statements that were provided in this section provide possible
investors, competitors, and even those within the company with useful information to make important decisions that could affect their livelihood or the
livelihood of Microsoft. Keep in mind that even though financial statements are a solid indicator of how a company is performing, one key principle
about must be known when viewing them to make decisions. They do not always provide all of the information that you may need. There are usually
underlying topics that could affect the company that are not necessarily showing up on their financial statements. These topics are discussed in other
sections of this report on Microsoft.
We feel it important to compare Microsoft's ratios not only to other companies and industry norms,

Financial Statement Analysis : Business Model Of The Neo...
INTRODUCTION
Financial statement analysis is an evaluative method of determine the past, current and projected performance of a company. It is helps to understand
the risk and profitability of a company by analyzing annual and quarterly reports.
When we observe the financial statements comprising the balance sheet and profit and loss account is that they fail to reveal all the information
related to financial operation of an organization. It will provide a summarized view of the organization. Therefore in order to critically examine
profitability and constitution of the assets and liabilities it is necessary to carry out comparison of financial statements with the help of ratio analysis.
в¦ЃIMPORTANCE OF THE STUDY
в¦ЃThe management of the company is responsible for taking decisions and formulating plans and policies for the future.
в¦ЃIt is important to company because they can obtain useful information for their investment decision making purpose.
в¦ЃIt is helps to extension of credits.
в¦ЃRESEARCH OBJECTIVES:
в¦ЃTo understand the business model of the neovalves.
в¦ЃTo understand company performance, through ratio analysis, balance sheet &income statement analysis.
в¦ЃTo know the revenue and expenditure of the company.
в¦ЃASSUMPTION AND LIMITATION:
в¦ЃAs far as academic purpose is concern the time period falls too short to analyze and understand the complete details of the company's financial
statements and analysis.
в¦ЃIt is time consuming process.
в¦ЃMajority of the time

Discuss The Four Basic Financial Statement Analysis...
List four basic financial statement analysis procedures, describe how you would calculate each procedure and discuss why you would use each
procedure. Based on your reading and outside research, please communicate your own understanding of the requirements. Citations and references are
required.
The use of financial statements is to provide individuals, but not a specific group with compressed financial data showing them the information that
pertains to the decision they want to make. They are also able to see past performance of their company and comparing corporation that is in the same
industry (Edmonds, Tsay, & Olds, 2011).
The most basic analytical techniques, vertical, horizontal and ratio analyses provide financial investigators

Ratio Analysis : Analysis And Interpretation Of Financial...
Ratio analysis is used to describe the important relationship that lies between figures based on line items in financial statements like the balance sheet,
profit and loss account, and a budgetary control organization. Ratio analysis is a technique of analysis and interpretation of financial statements. It
helps in evaluating the financial position and performance of the firm, ratio analysis also allows firms to compare their operational or financial
performance to another firm or the industry standard. This essay will firstly discuss the purpose of financial ratios, its users and how it is applied. It
will then move on to discuss the signification and limitations of ratio analysis. Furthermore, a discussion about the usefulness of specific ratios will be
held using the 2013 annual report of easy jet. Lastly, my own views on the issues of financial statements, specifically financial ratios will be presented.
With the help of financial statements that arise by the firm, analytical methods can be used to get information about the course of the business and the
economic state. By calculating a small number of ratios it is possible to develop a clear picture of the position and performance of a firm (P.Atrill and
E.Mclaney 2013). Financial ratios have two main users, management and inventors. Management uses financial ratios to analyse, control and determine
the performance of their company. This will allow companies to improve in the areas where they are weak. On the other

Key to Financial Reporting, Financial Statement Analysis...
Chapter 1 An Overview of Financial Management and The Financial Environment ANSWERS TO END–OF–CHAPTER QUESTIONS 1–1 a. A
proprietorship, or sole proprietorship, is a business owned by one individual. A partnership exists when two or more persons associate to conduct a
business. In contrast, a corporation is a legal entity created by a state. The corporation is separate and distinct from its owners and managers. b. In a
limited partnership, limited partners' liabilities, investment returns and control are limited, while general partners have unlimited liability and control.
A limited liability partnership (LLP), sometimes called a limited liability company (LLC), combines the limited liability advantage of a corporation
with the tax... Show more content on Helpwriting.net ...
U. S. interest rates must be competitive with foreign interest rates; if the Federal Reserve attempts to set interest rates lower than foreign rates,
foreigners will sell U.S. bonds, decreasing bond prices, resulting in higher U. S. rates. Thus, if the trade deficit is large relative to the size of the
overall economy, it may hinder the Fed's ability to combat a recession by lowering interest rates. 1–2 Sole proprietorship, partnership, and corporation
are the three principal forms of business organization. The advantages of the first two include the ease and low cost of formation. The advantages
of the corporation include limited liability, indefinite life, ease of ownership transfer, and access to capital markets. The disadvantages of a sole
proprietorship are (1) difficulty in obtaining large sums of capital; (2) unlimited personal liability for business debts; and (3) limited life. The
disadvantages of a partnership are (1) unlimited liability, (2) limited life, (3) difficulty of transferring ownership, and (4) difficulty of raising large
amounts of capital. The disadvantages of a corporation are (1) double taxation of earnings and (2) requirements to file state and federal reports for
registration, which are expensive, complex and timeconsuming. A firm's fundamental, or intrinsic, value is the present value of its free cash flows
when discounted at the weighted average cost of capital. If

Financial Statement Analysis : Google Inc.
Google Inc. Year 2012 Financial Statement Analysis
Name
Professor
Institution
Course
Date
GOOGLE INC. FINANCIAL STATEMENT ANALYSIS
Introduction
Investment has been a key factor in business world. People search for the best performing industries and identify the most profitable company, which
they then invest their money. Although one can judge the company's investment worth through profits, analysis of the entire financial statement is
critical for a good decision–making. In the current business industry, financial statements have become critical in understanding the financial
performance of a business in order to make proper investment decisions. In addition, the financial statements are important in providing information to
The employees use the financial
GOOGLE INC. FINANCIAL STATEMENT ANALYSIS rations to assess the profitability and stability of the company for them to have job assurances
and pay rise.
In this paper, the financial statement for Google Inc. as year ended 2012 will be used for analysis where different ratios will be evaluated and
calculated. The analysis will include Horizontal Analysis on income, Horizontal Analysis of theBalance Sheet, Trend Analysis on Net Sales, Income
from Continuing Operations, Net Income Vertical Analysis,Income statement Vertical Analysis, Balance Sheet Ratio Analysis: Working Capital,
Current Ratio, Cash Ratio, Acid–Test (Quick) Ratio, Inventory Turnover, Days' Sales in Inventory, Gross Profit Percentage, Accounts Receivable
Turnover, Days' Sales in Receivables, Debt Ratio, Debt to Equity Ratio, Times–Interest–Earned Ratio, Profit Margin Ratio, Rate of Return on Total
Assets, Asset Turnover Ratio, Rate of Return on Common Stockholders' Equity, Earnings per Share Price, Earnings (P/E) Ratio, Dividend Yield,
Dividend Payout, and uses of charts and graphs for the discussion of the results (Warren, Reeve, J& Duchac, 2009). The importance and the
implications of the ratios to the Google Inc Company will be discussed and the investment potential determined.
Brief background of Google Company
Google Company is one of the

Financial Statements And Financial Statement Analysis Essay
CHAPTER TWO
LITERATURE REVIEW
INTRODUCTION
Financial statements are usually means of communicating information on a company's operations. They contain information on the revenues,
expenses, assets, liabilities and retained earnings of the business.
2.2 FINANCIAL STATEMENT ANALYSIS
According to Drake (2010), financial statement analysis is the selection, evaluation, and interpretation of financial data, along with other pertinent
information, to assist in investment and financial decision–making. Moreover, it is also the process of identifying financial strengths and weaknesses
of the firm by properly establishing relationship between the items of the balance sheet and the profit and loss account. Brigham, E., & Houston, J.
(2007), "Financial statements report both a firm's position at a point in time and its operations over some past period. However, their real value lies in
the fact that they can be used to help predict future earnings and dividends". Financial ratios are designed to help one evaluate a financial statement.
Ffigures derived from the published annual financial statements and accounts of the companies are used to produce values that interpret financial
meaning. Organizations regularly evaluate their financial statements by means of ratios and compare the values to those of similar entities or analyze
their firm's financial ratios over time (trend analysis) to show weaknesses or opportunities for improvement as it is critically important for decision

Analysis of Financial Statement
CFIN4
ANALYSIS OF FINANCIAL
STATEMENTS
1/21/15
CHAPTER 2
1
1.
2.
Describe the basic financial information that is produced by corporations and explain how the firm's stakeholders use such information. Describe the
financial statements that corporations publish and the information that each statement provides.
2
© 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a
license distributed with a certain product or service or otherwise on a password–protected website for classroom use.
LEARNING OUTCOMES
3.
4.
Describe how ratio analysis should be conducted and why the results of such an analysis are important to both managers and investors. ... Show more
content on Helpwriting.net ...

All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain
product or service or otherwise on a password–protected website for classroom use.
UNILATE TEXTILES
п‚ў Presents
the results of business operations during a specified period of time
п‚ў Summarizes the revenues generated and the expenses incurred 11
THE INCOME STATEMENT
YEARS ENDING DEC. 31
($ millions, except per share data)
UNILATE TEXTILES:
INCOME STATEMENTS
12
п‚ў Designed
to show how the firm's operations have affected its cash position п‚ў Examines investment decisions
(uses of cash)
п‚ў Examines financing decisions
(sources of cash)
13

Financial Statement Analysis : Financial Analysis
Woolworth Financial Analysis
Financial statement analysis assists a business entity, business shareholders and other people interested, to analyze the figures in financial statements to
present them with superior information about such most important factors for decision making and ultimate business survival. As exemplified by
Gibson (2001), income statement, balance sheet, and cash flow statements project the financial performance a company at the present and probably the
future. According to the annual report 2014, Woolworth's revenue is projected to rise by 4.09% annually. The group's financial performance for the
past four years is shown below.
Table 1: Woolworths Limited
YearRevenue AUD in millionsGrowth %
2010–1154280
2011–12554412.14
2012–13586745.83
2013–14609523.88
Average growth rate3.95
The above table demonstrates a general idea of Woolworth's revenue and growth all over a three–year period. It is equally important to recognize the
financial position and operational results in which were the follow–on behind Woolworths's steady growth. As a result, to identify these factors, the
following ratios are used to evaluate Woolworths' financial position and results of operations.
п‚§Company Profitability ratio
п‚§Liquidity ratio
п‚§Activity ratio
п‚§Financial Leverage Ratios
1.Company Profitability ratio
As exemplified by Baker & Powell (2005), profitability ratio assesses how successful a corporation has been in meeting its general revenue goals,

Financial Statement Analysis And Financial Statements
The ultimate goal of accounting is to provide useful information to those that need it (Siam, & Rashid, 2010). Financial statements analysis is very
important to various users because it helps to express the overall financial health of the organization (Gibson, 2013). Managers use the financial
statements to measure the profitability of a company, manage day to day activities and make important decisions about pricing, production that will
benefit the organization (Gibson, 2013). Financial statements are also used to form contracts between organizations. Using the debt to equity ratio,
managers are able to determine how much capital should be raised for investment. Consumers on the other hand need the financial statements to tell
them the ability of the company to meet their needs. This study presents a comprehensive assessment of the balance sheet components, income
statement components and the fair value accounting system.
Balance Sheet
Balance sheets provides the snapshot of the overall financial position of an organization at a specific time especially the end of an accounting period
(Haydon, & Wicks, 1966). It shows the assets owned, liabilities and the shareholder's equity. The balance sheet details can vary greatly based on the
business size and complexity, however in general the balance sheet adheres to the following principle: The left side of the balance sheet must always
equal to the right side (Orens, & Lybaert, 2010).
ASSETS = LIABILITIES – SHAREHOLDER'S EQUITY

The Implications Of Bank Specialization On Its Financial...
When making a financial analysis on a bank, the type of business it conducts need to be considered. Specialization can lead a bank to operate in
different practices and have a varied structure of their balance sheet. If the structure and composition of the bank is not to be considered, financial
statement analysis will provide misleading information. This report will investigate the implications of bank specialization on its financial statement
analysis.
Specialization
Larger banks specialize in customer deposits due to the larger availability of liquidity present as a result of economies of scale and synergy; small
banks tend to specialize in customer loans. To fund these operations, small banks have a great level of liabilities relative ... Show more content on
Helpwriting.net ...
When comparing financial analysis of varying banks this can lead to asymmetric information7. Empirical studies show that specialization does not
systematically carry across different sized banks, however the size of a bank is an important factor.
Banks with subsidiaries tend to specialize in a unique way, the parent bank tends to specialize in numerous areas, their subsidiaries are structured to
specialize in certain fields. For instance in Luxemburg, parent banks tend to specialize in interbank lending whilst their subsidiaries have seen
interbank activities falling and an increase in customer loans. Facts such as this need to be considered for financial analysis.8
Size
The size of the bank has a significant impact on its financial statement. Large banks have comparatively easy access to purchased funds and capital
markets compared to small ones9. Large banks usually use more purchased
6 Banque Centrale du Luxembourg (2011) Changes in bank specialisation, Available at: http://www.bcl.lu/fr/publications/cahiers_etudes/67
/BCLWP067.pdf (Accessed: 15th november 2015).
7 Center for Monetary and Financial Studies (2014) Comparative Advantadge and Specialisation in Bank Landing, Available at: http://www.cemfi.es/ftp
/pdf/papers/wshop/specialization_102214.pdf (Accessed: 14th november 2015).
8 Ibid 6
9 Oliver G. Wood (1979) Analysis of bankfinancial statements, New York: Van Nostrand Reinhold Co.. funds (such as fed funds and RPs)

Apple's Financial Statement Analysis
APPLE COMPUTER COMPANY
Financial Statement Analysis Project
Table of Contents
Part I .....................................................................3
Part II .....................................................................5
Part III ....................................................................6
Part IV ....................................................................7
Part V ......................................................................8
Part VI ...................................................................10
Part VII ..................................................................11
Appendices ...............................................................12
Appendices
AAPL
5 YearBalance Sheet Report...........................................12
5 YearIncome Statement................................................13
5 YearCash Flow Statement............................................14
Asustek Computer Inc
5 Year Balance Sheet Report...........................................15
5 Year Income Statement................................................16
5 Year Cash Flow Statement............................................17
Cisco Systems Inc
5 Year Balance Sheet... Show more content on Helpwriting.net ...
Asustek Computer Inc operates in Semiconductors industry. The Group 's principal activities are designing, manufacturing and selling computer

products and other electronic products. Products include computer motherboards, computer software, supplemental and upgrading cards, optical
instruments, wired and wireless telecommunication apparatus. Operations are carried out in Taiwan, Asia Pacific and other countries. The Group
exports its products to Canada, Asia Pacific, the United States of America, Europe and South Africa. Cisco Systems Inc operates in Telecommunications
Equipment industry. The Group 's principal activities are to design, manufacture and sell Internet Protocol (IP)–based networking and other products
related to the communications and information technology (IT) industry and provide services associated with these products and their use. The Group
's products are installed at enterprise businesses, public institutions, telecommunications companies, commercial businesses and personal residences.
The Group offers its products in five categories: Switches, Advanced Technologies, Routers, Service, and Other. Its service offerings include technical
support services and advanced services. It operates in the United States, Canada, European Markets, Eastern Europe, Latin America, the Middle East
and Africa, Russia, Asia Pacific and Japan. During Fiscal 2009, the Group acquired PostPath, Inc., Pure

Financial Statement Analysis : Australian Vintage Ltd
FINANCIAL STATEMENT ANALYSIS
ANALYSIS OF
PREPARED BY: MALIK JAMSHAIN ANJUM
STUDENT ID: 151MAM5012
TABLE OF CONENTS:
INTRODUCTION. COMPANY PROFILE
SWOT ANALYSIS. INTERNAL AND EXTERNAL
FINANCIAL PERFORMANCE: RATIO ANALYSIS
1.PROFITABILITY
2.LIQUIDITY
3.EQUITY
4.VALUATION
5.
COMPANY PROFILE:
AUSTRALIAN VINTAGE LTD details
Winemaking, wine marketing and vineyard management
Issuer codeAVG
Official listing date26/03/1992
GICS industry group
Food, Beverage & Tobacco
Exempt foreign?No
Internet addresshttp://www.australianvintage.com.au

Registered office address275 Sir Donald Bradman Drive, COWANDILLA, SA, AUSTRALIA, 5033
Head office telephone08 8172 8333
Head office fax08 8172 8399
Share registryCOMPUTERSHARE INVESTOR SERVICES PTY LIMITED
LEVEL 5, 115 GRENFELL STREET, ADELAIDE, SA, AUSTRALIA, 5000
Share registry telephone1300 787 272
Directors/Senior management:
Mr Ian D FerrierChairman, Director
Mr Neil McGuiganCEO, Executive Director
Mr Richard DavisDirector
Mr Perry R GunnerDirector
Mr Brian J McGuiganDirector
Mr Mike NoackCFO
Company secretary:
Mr Mike NoackCompany Secretary
Australian Vintage Limited is a leading Australian wine company. Championing a fully
–integrated wine business model, the breadth of our capabilities
extends to vineyards, boutique and bulk wine production, packaging, marketing and distribution. As one of the largest vineyard owners and managers
in Australia, Australian Vintage

Financial Statement Analysis for Glaxosmithkline...
List of Graphs [pic] Figure 1: Analysis of Sales Revenue 20109 Figure 2: Analysis of Sales Revenue 201110 Figure 3: Analysis of Sales Revenue
201210 Figure 4: Current ratio16 Figure 5: Acid/Test Quick Ratio17 Figure 6: Profit margin Ratio18 Figure 7: Asset turnover19 Figure 8: return on
asset19 Figure 9: Return on shareholders equity20 Figure 10: Earning per share (EPS)21 Figure 11: Price/Earning (P/E) ratio22 Figure 12: Price
/Equity ratio22 Figure 13: Dividend per share (DPS)23 Figure 14: Debt to total asset ratio24 Figure 15: Net assets value per share25 Figure 16: Market
price per share27 List of Tables[pic] Table 1: Analysis of Sales Revenue10
This change of name takes place following global merger of Glaxo Wellcome and SmithKline Beecham in December 2000. The Company has a total
number of employees over 671 with an efficient management team. A team of 181 field–force including 11 line managers covers countrywide on
average 2000 daily calls to 22,000 target doctors, while there is a strong team of distribution personnel engaged in distributed activities to cover average
19,000 customers including retailers and wholesalers through own distribution channel in 11 District Marketing Offices throughout the country. In
Bangladesh, GlaxoSmithKline holds the 6th positions in pharmaceutical industry having a market share of 15.6% (as of September 2007) occupying
strong hold in key therapeutic areas like Respiratory, Anti–infectives and Vacciness. Brand names of some major products of the company are: Ventolin
Inhaler, Ceporex, Zinnat, Parapyrol, Zantac, Piriton, Dermovate, Betnovate, Dextrose, Engerix–B etc. Mission Statement[pic] "Our mission statement
explains why we are in business. Our global quest is to improve the quality of human life by enabling people to do more, feel better and live longer.
Our mission gives us purpose. Our size gives us opportunity. Our spirit gives us the qualities as individuals and as organization that will enable us to
turn our opportunities into achievements. Our sprit will guide us, keep us

Financial Statement Analysis of China Mobile and China Unicom

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