How do changes in current assets and current liabilities

Assignment Help Accounting Basics

Reference no: EM133538281

Question 1. Identify all major classes of income and expenses shown in the company's annual report.

Question 2. For each identified class of income and expenses, explain the recognition criteria used by the company.

Identify each category of equity item reported by the company
For each identified category of equity, explain how it was created/what is the sourceof that category of equity.
Identify all items that the company has reported as Other Comprehensive Income.
What is the significance of classifying an item as other comprehensive income?

Part B

From the company's annual report you selected, identify the reconciliation statement showing the reconciliation between net operating profit and cash flows from operations.

Question 1. How does the direct method of cash flow statement differ from the indirect method of cash flow statement?

Question 2. Identify the income and expense items for the difference between net operating profit and cash flows from operations. For each item, describe if the item has caused an increase or decrease in cash flows from operations relative to the net operating profit.

Question 3. Which one of the income or expense items has created the most difference between net operating profit and cash flows from operations? Explain how this item has created the difference between net operating profit and cash flows from operations.

Question 4. Which current assets and current liability items have created the difference between net operating profit and cash flows from operations? For each item, describe if the item has caused an increase or decrease of cash flows from operations relative to the net operating profit.

Question 5. How do changes in current assets and current liabilities items create the difference between net operating profit and cash flows from operations?

Reference no: EM133538281

Questions Cloud

Preventing the clinical documentation : What steps could you take to help your staff and the medical staff overcome any misunderstanding that may be preventing the clinical documentation

Mr. Taylor that would affect the need for bronchoscopy : What additonal information should the nurse ask Mr. Taylor that would affect the need for a bronchoscopy?

Identify ngo such as mission australia and government : Identify NGO such as Mission Australia AND Government services or departments such as Department of Social Services relevant to both groups, and consider role

List and discuss the steps aow should follow : List and discuss the steps AOW should follow with regard to dealing with a predecessor auditor and a new client before accepting the engagement

How do changes in current assets and current liabilities : How do changes in current assets and current liabilities items create the difference between net operating profit and cash flows from operations?

Describe the different ethical codes for health care profess : How ethics and the law affect a variety of health care professions. Describe the different ethical codes for health care professionals

How would you use your relationships with the student : How would you use your relationships with the student, family members, and professional colleagues to prevent this behavior from reoccurring?

Discuss a current australian policy that aims to address : Discuss a current Australian policy that aims to address the social issue. Explain the policy and identify if it is a state or Commonwealth issues with

Effective solution to the high cost of healthcare : Explain why the approach (reducing healthcare costs) is an effective solution to the high cost of healthcare in the United States.

User Account

All Pages