Basic Fundamnetals

In: Business and Management

Submitted By mguzman22
Words 781
Pages 4
Basic Fundamentals of Financial Statements
Miguel A Guzman
Acc/ 290
April 25, 2012
Steve Jarvis

The Four Financial Statements Nobody denies having the four primary financial statements for your business could provide personal data to others, outside sources being interested in the nature of business for opportunities to invest or to be audited from an internal or external position. Following this further the balance statements provides overview or a snapshot of the business financial stability where the overall position there in with competitors. Proficiency regarding your balance sheet will provide a better overview with the income statement. Net income, revenue and expenses provide the summary of the operating system during a period of time. Additionally two other statements come to effect the cash flow statement will introduce how the company evaluates the process to pay bills, sources of cash. At last the statement of changes presents the owners of the company, information towards stock, time shares, and earnings.
Purpose
As a business banker with Citibank we determine if the company standard meet the requirements to conduct their business with our bank. We provide the highest level of professionalism to promote the companies projection to conduct their business. A business must set all functions to manage the environment. Enabling the overall performance, these are a few examples planning is to analyze all situations, organizing assembles appropriate resources; leading is to motivate people and controlling monitor all work. The performance will be rewarding for all employees, management including investors. First statement in business provides the outcome or financial position at any given point. Accountants have created an equation that illustrates the following Assets = Liabilities + Equity, assets include all currency the note receivables,…...

Similar Documents

Basic Finance

...Basic Finance The main purpose of studying finance is to gain an understanding of the financial performance of a company, corporation or industry. By looking at a company's financial performance, decisions can be made about many things by many different players. Corporations are rated by different agencies that examine financial records and potential for growth. Fitch ratings are a good example of this. My employer has an A++ Fitch rating. This high rating allows a non-profit company to borrow money at lower interest rates. In a publicly held company, which is one that has shareholders, the main concern is to keep the shareholders happy. Shareholders infuse corporations they believe in (usually based on financial performance) with capital. When a company is considered a poor financial risk, the public will not be in a hurry to buy its stock. So who is affected by finance? Shareholders, as mentioned previously, are the focus in publicly traded companies. They are not the only people who think about financials, however. The CEO, CFO and any other "C" position have accountability to report to the board about the financial performance of the company. Management is responsible for creating and maintaining both capital and operational budgets. Employees are required to maintain certain standards of productivity. Customers are affected by finances as well. Consider gas prices, and how increased costs in production are passed on to the consumer. When looking at a company's......

Words: 858 - Pages: 4

Basics of Dos

...Basic overview of MS-DOS commands http://www.computerhope.com/overview.htm MS-DOS and command line overview Below is a listing of each of the MS-DOS commands currently listed on Computer Hope and a brief explanation of what each of the commands do. The below commands are all MS-DOS commands, which means not all the below commands will work in your version of MS-DOS or Windows command line. Clicking on the command will open the help page for that command with full details about it. Command ansi.sys append arp assign assoc at atmadm attrib batch bootcfg break cacls call cd chcp chdir chdsk chkntfs choice cls Description Defines functions that change display graphics, control cursor movement, and reassign keys. Causes MS-DOS to look in other directories when editing a file or running a command. Displays, adds, and removes arp information from network devices. Assign a drive letter to an alternate letter. View the file associations. Schedule a time to execute commands or programs. Lists connections and addresses seen by Windows ATM call manager. Display and change file attributes. Recovery console command that executes a series of commands in a file. Recovery console command that allows a user to view, modify, and rebuild the boot.ini Enable and disable CTRL + C feature. View and modify file ACL's. Calls a batch file from another batch file. Changes directories. Supplement the International keyboard and character set information. Changes directories. Check the hard......

Words: 1535 - Pages: 7

The Basic

...the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Armstrong, G., & Kotler, P. (2011). Marketing: An introduction (10th ed.). Upper Saddle River, NJ: Prentice Hall. Kerin, R. A., Hartley, S. W., & Rudelius, W. (2011). Marketing (10th ed.). New York, NY: McGraw-Hill Irwin. Kotler, P., & Keller, K. L. (2012). Marketing management (14th ed.). Upper Saddle River, NJ: Prentice Hall. Perreault, W. D., Jr., Cannon, J. P., & McCarthy, E. J. (2011). Basic marketing: A marketing strategy planning approach (18th ed.). New York, NY: McGraw-Hill Irwin. All electronic materials are available on the student website. |Week One: Marketing Fundamentals | | |Details |Due |Points | |Objectives |Define marketing. |4/28 | | | |Explain the importance of marketing in organizational success. | ......

Words: 2179 - Pages: 9

Basic

... and packaging. Checks are carried out throughout the process. * Output is the end product, complete with packaging. * Feedback can happen throughout the production process. Control checks flag up the need for alteration and improvement to the inputs or processes. 4. Basic Types of Production Processes Intermittent Production System -production is performed on a start-and-stop basis such as for the manufacture of made-to-order products. **Done to produce small volume and high diversity products. Mass Production -A special type of intermittent production process using standardized methods and single-use machines to produce long runs of standardized items. **Usually used to produce small volume and low diversity products. Project Process -different employees and machineries are employeed to produce perform a specific task or project. Job and Batch Process -specified types are services or task are performed in different departments. -in batch production batches and produced in different time by the same machineries. Assembly Production -It is a type of production system in which the assembly of different equipment takes place to produce the final product. Basic types of Production Processes Continuous production process **a production processes, such as those used by chemical plants or refineries that runs for very long periods without the start-and-stop behavior associated with intermittent production. **eronous capital investments......

Words: 1742 - Pages: 7

Sociology Basics

...contractors -Private companies can have. -Effective at improving labor market position of non-whites and women when enforced. Criticisms -Reverse Discrimination -Demeaning and harmful -Harms business productivity -Only benefits middle class minorities and harms lower class whites. Counter-Arguments -Only 1-2% of whites have been effected -How else should we remedy? -Stigmatizing recipients is a problem, but much worse outcomes without it. --Majorities of non-whites support No evidence to support and some evidence to refute. Ways of defining poverty * Defining poverty is a contentious issue for academics, policymakers, and politicians. * Ways of Defining: 1. Economic Well-Being * Absolute – lacking the basic means of survival * Relative – Being poor in relation to others in society 2. Capability 3. Social Exclusion * Less common definitions Ways we help those in poverty -Government “In-Kind” Programs * Address specific needs of those in poverty: * The SNAP or “Food Stamp” program * Also school lunch programs, WIC program, housing developments or vouchers for the working poor. * About 1/4 to 1/3 of the aid to the poor -Government Social Assistance Program * Benefits “in cash” to increase the incomes of those in poverty. * Means-Tested * TANF * SSI * Social Insurance * Unemployment Insurance * Social Security ......

Words: 2093 - Pages: 9

Basic

...school Physical Education classes are different from elementary and middle school classes. In Florida where my niece and nephew go to school, there are many physical education electives to choose from if the student wanted to stay active their entire high school career, but they are only required to take two classes. Personal fitness is one in which they students learn about wellness, healthy eating habits and the basics of weightlifting, stretching and aerobics. The other required class is Team Sports, in this class the students learn about different sports, the rules and purpose of the sports and the ethics involved in team sports. Wesley Carney is a sophmore in high school, he plays baseball on his high school's junior varsity baseball team. When asked about his typical day in PE he responded “ High school boy “First we have five minutes to change our clothes, then we stretch, walk a lap then we start whatever activity we are suppose to be learning.” “Normally once a week, On the days that is rains, we either do bookwork or use the gym”. “We learn the basics of team sports and personal fitness and I took a weight lifting elective” I like to play all the sports, I've always been involved in sports and play JV baseball. It would be cool to learn about martial arts in pe. The two things I like the most is getting to go outside and not having to do much book work.” The two things that I like the least in PE are during baseball season I am always exhausted at......

Words: 528 - Pages: 3

Basic Toeic

...Basic TOEIC (on-line) Paper 1 2015. Spring. 1. Survey participants indicated that the dictionary is rather complicated in its structure but very informative. 2. The brand value of S&B Cosmetics over the past two decades has exceeded shareholders’ expectations. 3. Consumer confidence tends to decrease during times of economic instability. 4. Wireless Internet is one of the most remarkable inventions for people living in the age of Information Technology. 5. The agreement on next year’s wage increase requires clear communication between managers and consultants. 6. All inquiries about flight cancellations should be made to the travel agency, not to the airport. 7. As a certified public accountant, Mr. Yamato has comprehensive knowledge of the corporate tax system. 8. The local economy is likely to see moderate growth next year following the financial crisis. 9. Joan Jenkins had written the report that was nominated as the best article of the year. 10. Although we received the delivery on the day the item was supposed to arrive, there were several problems. 11. Employees of the R&D department are required to familiarize themselves with the newly released product and its detailed description. 12. The budget should make allowances for payment of substitutes in the absence of the musician for vacation. 13. Corona Park Stadium can accommodate more than thirty thousand people. 14. If you let......

Words: 672 - Pages: 3

Basic

...The Basic Parts The Basic Parts There are just five basic parts in a radio frequency communication system. These are: * Antenna * Amplifier * Filter * Mixer * Source These five parts are then put together to do one of two basic functions: transmit or receive. The name of the resulting device is a radio. The radio also may go by many other names based on marketing considerations or its specific role in the wireless network. A radio is used to send and receive a signal that flows through the air as a series of electromagnetic waves. Radios can take on many different forms. As such, it is not always easy to identify them. When transmitting or receiving, the goal is to produce a perfect sine wave, of the exact size required, at only one frequency. A block diagram of the basic parts looks like the following. For a transmitter: This diagram shows a conceptual layout of a typical transmitter. Included in it are six elements. They are, in order: source, amplifier, source, mixer, filter, high-power amplifier, and antenna. For a transmitter, the signal is generated by the source. The mixer changes the frequency of the signal. The filter removes undesired frequencies. The amplifier increases the signal. The antenna transforms the electrical current into a radio wave. The other amplifier provides the electrical signal. It also feeds into the mixer. For a receiver: This diagram shows a conceptual layout of a typical receiver. Included in it are......

Words: 1404 - Pages: 6

Back to Basics

...Back to Basics: Preventing Surgical Site Infections Chamberlain College of Nursing Back to Basics: Preventing Surgical Site Infections When going into a hospital for surgery, people do not think about the chances of becoming more ill due to a surgical site infection. People generally worry about the surgery itself and trust the fact that the staff performing the surgery and the staff caring for the surgical site are well trained to do so. Most people do not know what takes place to ensure the safety of the patients and the training that the staff must go through to prevent surgical site infections. With patient safety being a major concern in healthcare settings, we are looking at surgical site infections; what they are and how to help prevent them. Article Review According to the Center for Disease Control and Prevention (CDC), a surgical site infection (SSI) is defined as “an infection that occurs after surgery in the part of the body where the surgery took place” (CDC, 2012). With healthcare facilities trying to close the gap in preventable infections, many pieces of literature can be researched. The Back to Basics’ Preventing Surgical Site Infections article outlines interventions that are in place and that have been updated to help with reducing these infections. The author, put together a compiled list of perioperative interventions and the research that has gone into each one, along with any updates that the Joint Commission the National Institute for Health......

Words: 524 - Pages: 3

Economics Basics

...Economics Basics: Introduction Economics may appear to be the study of complicated tables and charts, statistics and numbers, but, more specifically, it is the study of what constitutes rational human behavior in the endeavor to fulfill needs and wants. As an individual, for example, you face the problem of having only limited resources with which to fulfill your wants and needs, so, with your money, you must make certain choices. You'll probably spend part of your money on rent, electricity, and food. Then you might use the rest to go to the movies and/or buy a new pair of jeans. Economists, interested in the choices you make, inquire into why, for instance, you might chose to spend your money on a new DVD player instead of a replacing your old TV. They would want to know whether you would still buy a carton of cigarettes if prices increased by $2 per pack. The underlying essence of economics is trying to understand how both individuals and nations behave in response to certain material constraints. We can say then that economics, often referred to as the “dismal science,” is a study of certain aspects of society. Adam Smith (1723 - 1790), the “father of modern economics” and author of the famous book An Inquiry into the Nature and Causes of the Wealth of Nations, spawned the discipline of economics by trying to understand why some nations prospered while others lagged behind in poverty. Others after him also explored how a nation's allocation of resources affects its......

Words: 4747 - Pages: 19

Coputer Basics

...and select the Automation API topic. Objectives  Create and modify a netlist file from a Multisim circuit file  Create and modify a SPICE nutmeg command file  Use LabVIEW to build a VI that will execute the SPICE nutmeg command file  Display results from the simulation There are multiple use-cases for this type of simulation, especially tailored for advanced SPICE users. Some of them may range from old library of SPICE files that you wish to simulate, make a batch process to run analyses on a directory of files, dynamically modify netlist files or analysis parameters to see differences, and so on. This demo script assumes that the user has working knowledge of LabVIEW and Multisim, and understands the basics of SPICE. Even though the LabVIEW code in this tutorial looks simple, it is in fact intended for advanced users that are comfortable working with SPICE netlist and analyses. Page 1 Requirements   NI Multisim 13.0 or higher (Power Pro or Education Editions)  LabVIEW Multisim API Toolkit (installed by Multisim)  Note NI LabVIEW 2012 or higher Files in the SPICE Command Line folder located in the Multisim samples folder In a typical Multisim installation, the samples folder is in this location: C:\Users\Public\Documents\National Instruments\Circuit Design Suite \samples\LabVIEW Multisim API Toolkit\ Another way to find the samples folder in Multisim is to select File»Open samples, and take......

Words: 2468 - Pages: 10

The Basics of Philosophy

...Summary of Chapter II: The Basics of Philosophy Everything we learn in life is related to philosophy. According to Weiner Heisenberg and Karl Popper, philosophy and knowledge are dependent on each other. The question here of course is, why? What is philosophy? Is it important? Chapter 2 discusses the basics of philosophy. Specifically on the definition of what philosophy actually is, the branches of philosophy, as well as the schools of philosophy. That is what this summary will focus on. First of all, what is philosophy? The word philosophy was derived from the Greek word philosophos. Philos means wisdom, while sophos means love. So philosophy basically means the love for wisdom. Philosophers observed the nature of objects and sought the truth. The study of philosophy is a never-ending process that keeps on developing until this very day. Philosophers try to understand the existence of everything there is thus making the study of philosophy limitless. However, the study of philosophy is more than just understanding things, it isn’t as simple as that. It’s a long process and takes effort to understand things critically, radically and systematically. The study of philosophy is divided into three general areas/branches of study, which are ontology, epistemology, and axiology. Ontology is then divided into two smaller groups; ontology (a more specific definition) and metaphysics. Ontology is the study of everything that exists and can be seen and/or perceived by......

Words: 559 - Pages: 3

Brain Basics

...Summary of “Brain Basics: Know Your Brain” The brain’s complexity surpasses any other organ in the human body. The brain, weighing three pounds, is protected by a bony shell and fluids. The brain is the hub for intelligence, reaction to senses, cause body movement, and control behavior. The brain is comprised of many cells. However, the most primary cell is the neuron. Sensations, movements, thoughts, emotions, and memories pass through these neurons. Messages are received and carried throughout the body by neurons. This transmitting process occurs during a synapse. During a synapse the neuron is stimulated and releases sacs which release neuro transmitters to cross and attach onto receptors of the receiving cell. The brain is divided into the forebrain, mid brain, and hindbrain. The hindbrain, which includes the brain tem, upper spinal cord, and cerebellum, coordinates vital bodily functions including respiration and heart rate. Next, the midbrain, located at the upper part of the brain stem, controls reflexes, eye movements, and various voluntary movements. The last division of the brain is the forebrain. The forebrain is the largest and most advanced part of the brain. The forebrain’s core is the cerebrum. The cerebrum holds memories, planning strategies, the ability to imagine and think, read and understand, play games, and recognize friends. The cerebrum has two hemispheres that communicate with each other through nerves that lay at the division of the......

Words: 384 - Pages: 2

Basic

...Abstract In this paper I will discuss my experience in basic training for two and a half months. To get a true understanding I will explain some of my adventures, what I learned, and how I felt at the end. I will also be discussing how I got through some of the rougher times, and what I did to cope as well as my views towards the beginning and end of basic training. My ending thoughts will sum up my overall assessment of my time in basic training, and whether or not I would go through it again. Basic Training : A life changing event Walking off the bus, with all my bags in tow, I remember a knot forming in my stomach looking around at all the action going on. It was my first day on my journey, reception, where I would go through medical testing, basic formalities, and get a glimpse of what was to come. I quickly learned what was acceptable and what was not, how to stand, speak, and show signs of “respect”, which seemed like I was in school all over again. After about a week in reception, I was moved to my actual basic training unit, and assigned to my platoon. Up until now I was still able to speak to my family every day, but we were now being told we were to give up all electronic device, and had less then a min to call and say goodbye, and make sure to give them any information needed, including the mailing address. I remember the whole time in the background the drill sergeants yelling to hurry and get off the phone, and my mother especially worried, even......

Words: 1221 - Pages: 5

Basic

...Hi Class, Please let me know specifically if there are problems you are having trouble understanding.  If it is just the overall basic principles of accounting, we can go through them until you get the idea. Below is a brief overview: The financial position of a company is measured by the following items: 1. Assets (what it owns) 2. Liabilities (what it owes to others) 3. Owner’s Equity (the difference between assets and liabilities) The accounting equation (or basic accounting equation) offers us a simple way to understand how these three amounts relate to each other. The accounting equation for a sole proprietorship is: Assets = Liabilities + Owner’s Equity The accounting equation for a corporation is: Assets = Liabilities + Stockholders’ Equity If a company keeps accurate records, the accounting equation will always be “in balance,” meaning the left side should always equal the right side. The balance is maintained because every business transaction affects at least two of a company’s accounts. For example, when a company borrows money from a bank, the company’s assets will increase and its liabilities will increase by the same amount. For instance, if the company borrows $10,000, Cash (a normal debit balance account) would be increased (debited, left side) for $10,000, and Notes Payable (this is a normal credit balance account) would be increased for $10,000 (credited, right side). The entry in the General Journal (the record of all...

Words: 1030 - Pages: 5

Capas com Abertura | Следующая | Olympic Games