the contract of service provision, revenues are recognized according to the progress standards. A progress ratio is calculated by the percentage of real-accumulated-accrual costs to the total expected costs.
2. Allowance for Doubtful Debts
KAL sets up the allowance for bad debts to its receivables by estimating the probability of future bad debts at the time of the closing the journal entry.
Accruals 7.9% 7.6% 7.9% 7.4%
Air traffic liability 13.9% 0.0% 13.0% 0.0%
Current maturities of
long-term debt 3.2% 11.7% 4.3% 10.3%
Current obligations under
capital leases 0.5% 0.0% 0.4% 0.0%
Total Current Liabilities 29.7% 24.1% 29.2% 22.0%
Long-Term Debt 32.9% 26.4% 38.5% 23.5%
Obligations under capital leases 2.4% 14.6% 2.8% 15.8%
Other liabilities and credits 25.7% 5.9% 31.6% 6.5%
total cash and cash equivalents of the company 434,177,269 thousand won. The cash flow statement is derived from the income statement and the balance sheet. Net earnings from the income statement is the figure from which the information on the CFS is deduced. As for the balance sheet, the net cash flow in the CFS from one year to the next should equal the increase or decrease of cash between the
Financial Accounting
IFRS 4th Edition
Chapter 3
Adjusting the Accounts
Weygandt ●Kimmel ●Kieso
Accrual-Basis Accounting 발생주의회계
and Adjusting Entries 수정분개
5Copyright 2019 John Wiley & Son, Inc.
Time period (or periodicity) assumption
기간별보고의가정:
Accountants divide the economic life of a business into artificial
time periods.
LO 1
Accrual-versus Cash-Basis Acc
Financial Accounting
IFRS 4th Edition
Chapter 3
Adjusting the Accounts
Weygandt ●Kimmel ●Kieso
Accrual-Basis Accounting 발생주의회계
and Adjusting Entries 수정분개
5Copyright 2019 John Wiley & Son, Inc.
Time period (or periodicity) assumption
기간별보고의가정:
Accountants divide the economic life of a business into artificial
time periods.
LO 1
Accrual-versus Cash-Basis Acc
Financial Accounting
IFRS 4th Edition
Chapter 3
Adjusting the Accounts
Weygandt ●Kimmel ●Kieso
Accrual-Basis Accounting 발생주의회계
and Adjusting Entries 수정분개
5Copyright 2019 John Wiley & Son, Inc.
Time period (or periodicity) assumption
기간별보고의가정:
Accountants divide the economic life of a business into artificial
time periods.
LO 1
Accrual-versus Cash-Basis Acc
total revenue in 1997, with the remaining 36 percent coming from its contract management services. Hotel divisions range from Marriott Hotels & Resorts in the luxury segment to the moderately priced Courtyard, and the economy Fairfield Inn. Residence Inns and Marriott Executive Residences (introduced in 1997) were designed to accommodate longer stays than the traditional motel.
Marriott Internat
total worldwide sales of nonalcoholic beverage products. PepsiCo, Nestle, and Cadbury Schweppes plc are their major competitors.
Their ready-to-drink nonalcoholic beverages account for the highest sales volumes in the second and third calendar quarters. In 2007, concentrates and syrups accounted for approximately 53 percent of the Company’s total concentrate sales.
Their goal is to use the
1. Introduction of the entire project
In this project, our group selected the casual dining industry and chose 2 companies out of the industry. The company we chose is Bloomin’s brands. The company we selected as its rival is Brinker international. We selected the casual dining industry because most of our members are majoring in food service management and also because the brand Outback is