some intangible assets from the balance sheet is inconsistent and gives and incomplete picture. Discuss?
369367
No I'm not doing your Business Accounts coursework!!! Get studying rather that asking questions on here!!!
1098747
It could be a business term, when you look at the financial statements of a company, there are different sections, the balance sheet, the income statement, and within those you have the "net" income, and net worth of a company. \n\nThe net income is income after all expenses, giving you the true net, which generally would come over onto the balance sheet to form the net worth of the company. \n\nIt sounds more confusing than it is really, I would recommend taking a business class, or asking someone who you may know that has a business, if they can show you their balance sheets, as you are learning or curious how financial statements are prepared. \n(this info is private though, so some may not wish to share).\ngood luck.
883892
Without looking at the financial statements this is a bit tricky, however I think that the answer is D (the first one) they issues bonds.  \n\nThe bonds exchange debt for cash.  The had large cash outflows, due to the dividend, equipment purchase and the repurchase of common stock, it would result in a cash deficit.  The amortization expense does not effect cash flow. If the cash balance went up, it is because the bond issue generated more cash than the cumulative deficit created by the operations (profits and losses adjusted for cash) or because they may have large payables due to the capital purchases (doubtful but possible)  It looks to me, from your description, that the company has determined that long term debt (bonds) is cheaper than equity, so it reduced equity through stock repurchase and dividends and replaced that cash, through a bond issue.
662488
I agree.  It is impossible to estimate cash flows from unknown products.  You could take historical flows from a very large operation, but even that is merely filling in the blank just for the sake of not having a blank.
505864
I know this is not much of an answer, but I also noticed some of the financial data like dividend per share is wrong (well, out of date)
219153
Accounting for intangibles is a quite complex issue. It depends on the accounting standards of the country. But, the general orientation is that mostly "acquired" intangibles are capitalised (i.e. accounted in the balance sheet), "home grown" intangibles, such as brands are expensed to the Income statement.\n\nOnce an intangible is capitalised it becomes an "intangible asset", and is amortised over time. The example in the previous answer is not precise. Goodwill, is only a part of the value paid over the real value of the company acquired. The rest of the premium should be accounted for the revaluation of the assets of the acquired company.\n\nIn short, accountants determine the value of the intangible assets based on a "transaction" between the buyer and the seller. Broadly speaking, "home grown" intangibles do not carry value, and thus not accounted on the balance sheet. In reality, some development costs and software can be valued, even though no transaction exists.\n\nGoodwill, patents, and trademarks can qualify as intangible assets if they satisfy the criteria for recognition as explained above. Human capital is a good example of showing the difference between intangibles and intangible assets. Normally, firms do not show their employees on their balance sheets, although they're firms' most valuable assets. The reason they're not accounted is the lack of objective criteria for measuring their value to the firm. Yet, there are some models in academic literature, which try to associate value to the employees. Football clubs, however, can account for their human capital, who are the players. Because, they have an objective measure of the fair value, which is the transfer fee paid as stated in a  transaction. Therefore, they can account for their players on their balance sheets.
114194
Depending on your stakeholding position you'll find the source of your problems. Are you a shareholder, dealing directly with the firm, this you need to sort out. Depending on the size of the company, financial reports may not generally be available to the public. Larger companies generally publish them online, and at times send out hard-copies when requested. It sounds like you're dealing with a small proprietary firm. As already mentioned, if the firm in question is not willing to provide you with basic compliance reports (generally tax return type) they probably have poor management practice and don't know themselves well enough. If this is the case, move on. This suggests that management is doing the following:\n\nnot planning ahead, in any strategic sense;\ntoo busy working day to day, rather than building a reliable entity;\naccepting plenty of cash jobs (black economy) and therefore the books are not comprehensive anyway in that they won't reflect the true value of the firm.\n\nI work in a small Pty Ltd, and I have spent a great deal of time organising the financials (the company was behind in compliance). If someone asked, I would give them the details as requested, and we're a 7000 man hours/year company at present. \n\nRegardless of the size of the firm, providing financials in some form shows a greater management strength and initiative. Also, loan applications, business plans and marketing schedules et al are based off the financials, so it is good to have current details available.\n\nGood luck!\n\nCheers, L
459436
Maybe look into GASB34.  It's an accounting standard for government.  It is causing a lot of uproar because of what it means for asset management.  Hot topic right now.
1018466
They do list them.  The links to their balance sheets are listed below.
112614
just prepare the balance sheet with all the account titles in their proper positions but without amounts eg ($XX,XXX). something like a structure...
1049176
the balance sheet. it contains all the transactions in one, up-to-date place.
461793
Whatever price the current owner is asking for this business, he should be able to support with accurate financial data.\n\nAsk for the last 12 months of financial statements - Profit and Loss Statements, Balance Sheets, etc. Then pick a few months at random, and ask the owner for the supporting documentation (receipts, bank statements, invoices, check stubs, etc.). You will want to make sure that the financial statements are accurate.\n\nIf the owner of this business is unwilling or unable to provide you with this data, DO NOT BUY THIS BUSINESS.
7173
Look on their financial statements and/or annual reports.  On the balance sheet, the net assets is listed as net assets/retained earnings - near the end of the balance sheet.
812405
Model balance sheet and profit and loss appropriation account can be found in Schedules to the Companies Act 1956. This is an Indian Law. In USA you may refer to website of CPA institute for any such format. Otherwise best way is to go to any company's website and look under information for investors. Financial results for companies are usually displayed on their websites. You can get formats there.
620340
Because it gives a creditor a "snapshot" of the company's financial health (assets, liabilities, owner's equity). \n\nAlso, at my bank the owner has to sign the F/S stating that it is "true and accurate". If any of the info proves to be otherwise, then the person/company has presented fraudulent/misleading info to a federally insured institution and that opens up a Pandora's box of problems for the person/company including possible "criminal liability".
243309
artiffically stating your assets to make it look like you have more than you actually do
300401
The valuation could be inhibited by the person behind the valuation (evaluator).\nThe efficacy and experience in a particular field\nof the evaluator could have a significant impact on the final analysis which could cause a misrepresentation to the reader of the financial instrument, and an inocorrect action based on inefficient reports.