MBA503 Financial Reporting And Analysis

Free Samples

MBA503 Financial Reporting And Analysis

.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}

MBA503 Financial Reporting And Analysis

0 Download4 Pages / 879 Words

Course Code: MBA503
University: Southern New Hampshire University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United States

Question:

Analyze the financial condition of companies by accurately interpreting basic financial information used for informing business decisions
 
Determine the importance of accounting regulations and reporting requirements in the preparation of financial reports
 
Conduct basic financial analysis that accurately utilizes horizontal, vertical, and ratio techniques to determine the overall financial health of companies
Discuss what the profitability ratios reveal about the company, including any description of benchmarks, standard measurements, or
other types of analysis used once the ratio amounts are known.

Answer:

Milestone three:
Financial statement of the company is prepared to evaluate the financial performance as well as financial position during the accounting period. In order to prepare the financial statement companies are required to follow the requirements of accounting principles and standards as per “generally accepted accounting principles (GAAP)”. As per the regulations provided under GAAP, companies are required to prepare financial statements by considering accrual basis, prudence level and going concern basis (Radebaugh, 2014). Further, the government regulations require to report the comprehensive financial information which is presented in the financial report of Starbucks stating the amount of comprehensive income $2,563 million. Reporting of control procedures is required to prevent several frauds and errors that affect the accuracy of financial statements of the company (Starbucks, 2017). It is important to report the control procedures to value the assets and liabilities at fair value as well as to identify the employees who are underperforming. In case of Starbucks, information on control procedures that are disclosed incorporates information on valuation of assets as per fair value together with the reporting of derivative instruments as per market price risk. Starbucks also disclose the information on cash flow hedges as a component of comprehensive income that measures accurate value of net earnings.
Segment reporting is essential for the companies to include in the financial report that provides information on the company’s performance with respect to the most significant operating units. As per the regulations of GAAP, the segment which discloses the minimum 10% of the total amount of revenue, profits or loss as well as combined value of assets during the reporting period (Feng et al., 2014). Considering the segment reporting information of Starbucks, it has been observed that the organization incorporates four essential reporting segments and reflected an income of $19,162 million in accordance with the product type and $8,093 million by geographic area during the year 2015 (Starbucks, 2017). Further, preparation and reporting of financial information in the company’s annual report considers significant accounting estimates and judgments to recognize the value of transactions if the actual amount is not known. It is important to use the best judgments on using estimates and assumptions to enhance the accuracy of the organization’s financial statements. In view of the annual report presented by Starbucks for the year 2015, it has been noted that the company followed the requirements of (GAAP)” in order to make necessary estimates and judgments. The company used the principles of estimates and judgments to report accurate results of assets and liabilities together with the incomes and expenditures. Starbucks valued the inventory reserves based on historical estimates and market value along with the valuation of goodwill impairments based on underlying assumptions (Starbucks, 2017).
Appropriate preparation and presentation of financial report incorporates reporting of investments at fair value by following the principles of US GAAP that provides an impact on company’s statement of income and financial position. In addition, reporting of investments at fair value is essential for the purpose of tax and potential investors to identify the company’s ownership and financial position. As per the principles of US GAAP, it is essential to value the investments by using cost method or equity method depending on the ownership that represents dividend or interest income (Leuz & Wysocki, 2016). Financial report of Starbucks presents the different types of investments in terms of shares available for sale and available for trading while the method used to value the securities was equity method to impair the assets on annual basis. The organization also used the fair value method to measure the transferable value in accordance with the participation of market based on carrying value (Starbucks, 2017).
As per the US GAAP, it is essential to report on leases by classifying capital and operating leases since it affects the company’s financial position during the accounting period. It states the right to use the property stating interest on company’s lease liability together with the reporting in cash flow statement to identify the new cash flow from financing. Reporting of finance lease is important since it provides information on repayment and interests on liabilities while operating leases represents value of lease costs from direct business operations (Fenget al., 2014). Accordingly, reporting on leases of Starbucks represented operating and financing lease agreements that contained tenant allowances, lease premiums and other ease incentives. In addition, the company recorded the tenant allowances in the form of deferred rent under the accrued liabilities as well as other liabilities for long- term. Starbucks recorded the paid premiums as prepaid rent under the asset for prepaid expenditures as well as current asset to disclose the accurate financial position (Starbucks, 2017).
Reference List
Feng, M., Li, C., McVay, S. E., & Skaife, H. (2014). Does ineffective internal control over financial reporting affect a firm’s operations? Evidence from firms’ inventory management. The Accounting Review, 90(2), 529-557.
Leuz, C., & Wysocki, P. D. (2016). The economics of disclosure and financial reporting regulation: Evidence and suggestions for future research. Journal of Accounting Research, 54(2), 525-622.
Radebaugh, L. H. (2014). Environmental factors influencing the development of accounting objectives, standards and practices in Peru. The international Journal of Accounting Education and Research. Urbana, 11(1), 39-56.
Starbucks. (2017). Starbucks Coffee Company. Retrieved 3 March 2017, from https://www.starbucks.in/

Free Membership to World’s Largest Sample Bank

To View this & another 50000+ free samples. Please put
your valid email id.

E-mail

Yes, alert me for offers and important updates

Submit 

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

UploadUnique Document

DocumentUnder Evaluation

Get Moneyinto Your Wallet

Total 4 pages

PAY 3 USD TO DOWNLOAD

*The content must not be available online or in our existing Database to qualify as
unique.

Cite This Work
To export a reference to this article please select a referencing stye below:

APA
MLA
Harvard
OSCOLA
Vancouver

My Assignment Help. (2021). Financial Reporting And Analysis. Retrieved from https://myassignmenthelp.com/free-samples/mba503-financial-reporting-and-analysis/accounting-education-and-research.html.

“Financial Reporting And Analysis.” My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/mba503-financial-reporting-and-analysis/accounting-education-and-research.html.

My Assignment Help (2021) Financial Reporting And Analysis [Online]. Available from: https://myassignmenthelp.com/free-samples/mba503-financial-reporting-and-analysis/accounting-education-and-research.html[Accessed 18 December 2021].

My Assignment Help. ‘Financial Reporting And Analysis’ (My Assignment Help, 2021) accessed 18 December 2021.

My Assignment Help. Financial Reporting And Analysis [Internet]. My Assignment Help. 2021 [cited 18 December 2021]. Available from: https://myassignmenthelp.com/free-samples/mba503-financial-reporting-and-analysis/accounting-education-and-research.html.

×
.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}

×

Thank you for your interest
The respective sample has been mail to your register email id

×

CONGRATS!
$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1
month.

Account created successfully!
We have sent login details on your registered email.

User:

Password:

With time, MyAssignmenthelp.com has become one of the best college essay writing services. Our all rounded services give students the confidence to overcome assignment related issues. Our services are fast enough to meet most urgent deadlines. We are capable of delivering fast essay writing services with the help of our specially designed provisions and writers’ teams. Our urgent essay help services guarantee most rapid delivery of assignment solutions. Some of our most popular essay services are application essay help, exploratory essay help, literary review essay help and argumentative essay help.

Latest Management Samples

div#loaddata .card img {max-width: 100%;
}

MPM755 Building Success In Commerce
Download :
0 | Pages :
9

Course Code: MPM755
University: Deakin University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Introduction
The process of developing a successful business entity requires a multidimensional analysis of several factors that relate to the internal and external environment in commerce. The areas covered in this current unit are essential in transforming the business perspective regarding the key commerce factors such as ethics, technology, culture, entrepreneurship, leadership, culture, and globalization (Nzelibe, 1996; Barza, 2…
Read
More

SNM660 Evidence Based Practice
Download :
0 | Pages :
8

Course Code: SNM660
University: The University Of Sheffield

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answers:
Critical reflection on the objective, design, methodology and outcome of the research undertaken Assessment-I
Smoking and tobacco addiction is one of the few among the most basic general restorative issues, particularly to developed nations such as the UK. It has been represented that among all risk segments smoking is the fourth driving purpose behind infections and other several ailments like asthma, breathing and problems in the l…
Read
More
Tags:
Australia Maidstone Management Business management with marketing University of New South Wales Masters in Business Administration 

BSBHRM513 Manage Workforce Planning
Download :
0 | Pages :
20

Course Code: BSBHRM513
University: Tafe NSW

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answer:
Task 1
1.0 Data on staff turnover and demographics
That includes the staffing information of JKL industries for the fiscal year of 2014-15, it can be said that the company is having problems related to employee turnover. For the role of Senior Manager in Sydney, the organization needs 4 managers; however, one manager is exiting. It will make one empty position which might hurt the decision making process. On the other hand, In Brisba…
Read
More

MKT2031 Issues In Small Business And Entrepreneurship
Download :
0 | Pages :
5

Course Code: MKT2031
University: University Of Northampton

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answer:
Entrepreneurial ventures
Entrepreneurship is the capacity and willingness to develop, manage, and put in order operations of any business venture with an intention to make profits despite the risks that may be involved in such venture. Small and large businesses have a vital role to play in the overall performance of the economy. It is, therefore, necessary to consider the difference between entrepreneurial ventures, individual, and c…
Read
More
Tags:
Turkey Istanbul Management University of Employee Masters in Business Administration 

MN506 System Management
Download :
0 | Pages :
7

Course Code: MN506
University: Melbourne Institute Of Technology

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answer:
Introduction
An operating system (OS) is defined as a system software that is installed in the systems for the management of the hardware along with the other software resources. Every computer system and mobile device requires an operating system for functioning and execution of operations. There is a great use of mobile devices such as tablets and Smartphones that has increased. One of the widely used and implemented operating syste…
Read
More
Tags:
Australia Cheltenham Computer Science Litigation and Dispute Management University of New South Wales Information Technology 

Next