Financial statements

University Mission and Vision Statements PWIs can benefit from revising their mission and vision statements to include more concrete language about diversity and inclusion. A study conducted by Wilson, Meyer and McNeal (2011) noted that 35% of the 80 schools studied did not have a diversity statement and did not mention diversity in their mission. Of the schools that did mention diversity, only 19% addressed racial or ethnic diversity. Wilson et al. (2011) concluded that institutions that…

Comprehensive income is a statement of all income and expenses recognized during that period. The statement includes revenue, finance costs, tax expenses, discontinued operations, profit share and profit/loss. INVESTOPEDIA EXPLAINS 'Comprehensive Income' Companies typically report comprehensive income in a separate statement from income resulting from owner changes in equity, but have the option of providing information in a single statement. Many firms shy away from the single statement…

Because there are a number of ways that a company could manipulate inventory numbers to misstate the final account balance, auditors must be diligent to prevent fraud or human error. A misstatement in inventory can have two effects: increase the value of the account and thus the company; and, increase cost of goods sold and thus increase revenue. One of the most important jobs for an auditor is to inspect the physical inventory itself. This tests two key assertions: existence and accuracy. The…

In the business situation with Ahi Corporation, an employee of Ahi offers the suggestion of a using a “float” to earn interest on a payment due to Internal Revenue Service. In the past this practice of a free money was once encouraged by many, to help aid business, however in recent years is has been discouraged and it is not recommended. In 2003, Congress passed Check 21 (Check Clearing for the 21st Century Act), allowing banks to use scanned checks. The float days have decrease as well as…

reports to the Group Chief Risk Officer, Vincent Choo, who is responsible for ensuring that risk management practices in OCBC are effective and comprehensive. GRM has financial responsibility in contributing independent risk control and management of credit, market, operational, liquidity and other key risks for the bank and its financial subsidiaries. Within the division, risk officers are committed to establish policies, measurement, monitoring and methodology focusing on risk profile and…

BB&T Bank is a financial institution based out of Winston- Salem, North Carolina. This financial institution has been in business since 1872. They offer not only banking needs but insurance, lending and investments. BB&T vision and mission statements are as follow… BB&T mission statement covers “what” in the organization by stating their purpose which is to make the world a better place to live. Within the mission statement they give three examples on how they plan to execute their vision of…

1. Conceptualizing the Event Organized by Hong Kong event Management Company to bid and manager an event, The annual Christmas Carnival has been provisionally held from 1 November, 2016 to 31 January, 2017. The event is situated in prime position on the Central Harbourfront. Conveniently situated in prime position location with easy public access, developed transportation links, the visitor can walk within distance from nearby MTR Hong Kong Station, Central Station, and Admiralty station. With…

Background One of the many enduring puzzles in corporate finance has been the need and outcome of the M&A (merger and acquisition) activities during different times. Generally, history is not discussed in detail for corporate finance owing to the changing market dynamics; however, M&A activities are different in terms of learnings they bring forward. A merger involves a combination of two existing companies into one single entity. Mergers attract consolidation of the industry since it is…

Elements of Territoriality Elements of Territoriality 1. Are the pedestrian routes clear and legible? 2. Are entry points into the area visible and well-defined? 3. Are there signs to locate where you are? 4. Are there sufficient way-finding maps / signs to key destinations? 5. Are there confusing levels/zones?* 3.7.1.3.2 Elements of Surveillance In this second element there are 6 items being tested. The items are as shown and presented in Table 3.2 below. Table 3.2 Elements of…

Schuetze addresses what are assets and liabilities? He asserts that “the FASB’s definition of an asset is so complex, so abstract, so open-ended, so all-inclusive and so vague that we cannot use it to solve problems” (p. 12). In my opinion, that statement is somewhat unprecise because of three reasons following. Schuetze states that “Assets are cash, contractual claims to cash, and things that the business owns and that can be sold for cash” (p. 5). For example, the author mentions that his…