the net cash flow in the CFS from one year to the next should equal the increase or decrease of cash between the two consecutive balance sheets that apply to the period that the cash flow statement covers.
e. Check the main accounting policies of your company. Choose one interesting/doubtful accounting policy. Then, comment on the chosen accounting policy.
<Accounting Policies of three
Hyundai H&S is running B2B, B2E on-line shopping malls and off-line business supplying corporate/organization gift, promotion item, tourism, and leisure business aiming of the creation of customer value. After more than 30 years of business activity, now we’ve grown into a market leader in B2B, B2E, and tourism business
Deviating from these Standards caused great social cost, making legislations such as the Act of External Auditing on Corporations to punish those deviations, which were named as audit failures. According to these legislations, the Financial Supervisory Service annually verifies the work of every accounting firm. This legal environment made quality control the first priority of accounting firms.
Component of Shareholders’ Equity in a Corporation
Stock – Authorized, Issued, and Outstanding
Authorized shares
shares of stock that are available to issue per its corporate charter
Issued shares
shares of stock that have been offered and sold to shareholders
Outstanding shares
shares of stock that are owned by stockholders
Treasury shares
shares of
corporations.
2.2.4 MARKETING AND SALES
Building ‘Brand’
Brand consulting company called Interbrand which evaluated Nokia’s brand value as 8th in the world in 2010. In fact, it had been ranked in top 5 for past several years, but fell this year.
Nokia established absolute brand image in the global mobile phone market because it built up consistent image. It conquers the market thr