Analyzing financial statements involves evaluating three characteristics.
- Liquidity
- Profitability
- Solvency
Need for comparative analysis
- Intra-company basis
- Industry averages
- Inter-company basis
Tools of analysis
1.Horizontal analysis evaluates a series of financial statement data over a period of time.
2. Vertical analysis evaluates financial statement dat
D. Does the cash flows statement add any further information to that provided by the income statement or the balance sheet? Explain.
The statement of cash flows is needed to form a complete picture of the financial position of a company. It shows all the cash collected and all the cash disbursed during the period. And each cash flow relates to one of three business activities: operating, in
Measures overall success of the company
ROE is widely used measure of profitability
ROA = Net Income / Avg Total Asset
Can vary substantially and highly depends on the industry
Single most important factor in determining share’s price.
Important factor in determining price to earnings valuation ratios
Shows firm has enough short term assets to cover its immediate liabilities
This also
어느 나라 증권시장에서도 주가조작은 발생하고 있다. 세계에서 가장 엄격하게 증권시장을 규제하고 있으며, 또한 위법행위에 대해서 엄하게 책임을 묻고 있는 미국에서조차 주가조작은 흔히 발생하고 있다. 이는 주가조작 행위는 수많은 증권거래에 묻혀 쉽게 적발되지 않으며, 성공만 한다면 한 순
Recently, Abe's Shinzo's remarks about comfort women have been disputed. You might have heard about comfort women in history book. Comfort women are women who were forced to be Japanese sexual slaves during the Manchurian incident and the Pacific conflict. They were organized in the name of conducting war efficiently. But the term "comfort women" is misleading. The Japanese pressured the women to
statement for the open spaces.
- [Horn Honking]
Yeah, hes back.
You crazy bastard.
You dont plant no tree
in this parking lot!
I gotta come take that tree,
remove it and let traffic through.
Yourejust creatin
more Work for me.
- Theyre not always meaningful.
- Yeah, its meaningful.
- Meaningful hoW?
- Thats what I want you to find out.
- About your life.
- Yeah, about my life.
And about the whole
misleading in communicating the group’s needs, goals, and proposals.
5. Use threats(to force submission)
6. Communicate strong commitment(rigidity)
regarding one’s position.
담배회사 정부
담배회사의 로비활동
- 1906년 Food and Drug법안아래서 규제되었던 약물리스트에 니코틴이 성공적으로 제고
- 1933년
statement issued on Dec. 4, the CEOs of the Big Five focused largely on improving the rules of accountancy. Industry leader James S. Turley, chairman of Ernst & Young, says that rather than an audit failure, Enron "at its core was a business failure."
2.2. Enforcement of Sarbanes-Oxley Act
The Sarbanes-Oxley Act, adopted by the US Congress in 2002, is the most significant measure of federal
statements not all western civilization’s opinion….
But, generally speaking in Western, they argue that Hijab violate woman’s right some aspects.
They says….
• Hijab violates woman’s freedom of desiring for beauty especially wearing clothes.
• Hijab violates woman’s freedom of economic and social activity.
• Hijab is a symbol of subordination for woman.
earlier statement.
① cancel ② modify
③ withdraw ④ repeat
⑤ confirm
10. 다음 문장이 시사하는 것은 ?
The best equipment a young man can have for the battle of life is a conscience, common sense and good health. There is no friend so good as a good conscience. There is no enemy so dangerous as a bad conscience. Conscience makes us either kings or slaves.