Accounting help! Income statement and balance sheet confused.?
912511
long-term investments belong to the non current assets in the balance sheet, and Bonds  in the liabilities as it depends if short or long term according to the maturity date of the bond
388953
you have got one of the best introductory notes on the fundamentals of accounting..\n\nThe only thing needed is a bit of patient reading and if you have the inclination to test your understanding register for the free online-classes and answer the quiz given there....\n\n\nhttp://www.futureaccountant.com/accounting-process/
53731
The financial statement is just that, it states the companies financial position. It will list, assets, liabilities, A/R, A/P, inventories. This reflects a period of time. If the companies liabilities exceed the assets, then your in trouble.
396616
This is much harder to do than it may seem.  The chief problem may be that you are keying on the earnings reporting date, not the quarter ending date.  \n\nThus, if a company reports great results for the quarter 1/06-3/06, but they report their earnings on 4/15/06, you want to see what happened to the stock beginning 4/15 going forward (and you may or may not be interested in the activity on 4/15 itself depending on whether they reported before the market opened, or after it closed).  To do this analysis precisely and automatically with some sort of screening software may not be possible because the earnings reporting dates vary.\n\nBest way I can think of to do this is go to \n\nwww.earnings.com\n\nNot all companies info will be given here, but for a whole lot of companies you can get the history of conference calls for a company, what they reported as earnings, and how this reported number compares to their guidance if they gave any.  Based on the time of day for the conference call you can also make a good guess as to whether the company reported earnings before the market opened or after the market closed.  From there you have to just look for companies that consistently beat quidance and had increasing earnings and check them out.\n\nAlso, though you are not asking for my advice, let me throw it in anyhow (you can ignore it if you want).  It sounds like you are trying to get a system for buying certain companies before earnings hoping for either a pop in price after earnings or a slow progression upwards until the next earnings date.  I think you may be onto something, but I doubt you will find an easy little system to follow.  Each company behaves differently (some always beat earnings, some usually hit earnings, some are erratic) but the companies behavior is well known by the people who track the stock and probably built into the price before earnings.  Thus, you are trying to estimate what actual earnings will be compared not to what past earings have been, nor compared to the companies own guidance but rather compared to the markets consensus of what the earnings should be and who knows what that number is.  Also, more important than the companies earnings might be their forward guidance and this may drive the price alot more than the actual earnings.\n\nTo give an example for that last sentence, supposed a company consistently beats earnings by varying amounts, and is growing at 20-30% per year.  They guide their earnings 10% above last years number, but since they always beat the market may decide they are just being cautious and based on how their industry has been chugging along the market prices the stock as if earnings will come in 30% above last year.  Earnings come in and are 20% above last year.  On the day they report earnings, the company shows 20% growth, and is still 10% above quidance but will nonetheless probably have a really bad day because the actual earnings are 10% below what the market was expecting.\n\nTo give another example suppose a company is growing 20%, is expected to earn 20% more than last year, hits the number perfectly, but then guides lower for next quarter.  Watch out below, the earnings in this case is meaningless.\n\nI guess what I'm saying is there are alot of details to consider and if you get it right 2/3rd of the time you may end up a millionaire in spite of having some really bad days.  Anyhow, www.earnings.com may be the place to look for this data, and best luck with your analysis.
937763
Normally the change in cash on the balance sheet equals the change in cash on the Cash Flow Statement..  I have seen this before when they arent equal.  Usually there is some kind of adjustment or restatement to the financial statements when it happens.  This article may help.
460903
finnancial statement is something more than an income statement. income statement is a subcategory of finnacial statement.\nfinancial statetement- balance sheet, cash flow, and other disclosures\nincome statement- just revenues and expenditures and net income
319123
Financial statements are Profit and Loss, Balance Sheet and Cash Flow. Look their composition in your textbook or wikipedia. Youanalyse themby computing a bunch of ratios, reflecting profitability (profit/sales, /assets), liquidity (Current Assets/Current Liabilities), debt burden (debt/equity, interest leverage) and whatever else.
572609
The difference comes from different measures of earnings (the 'E' in EPS).  Some use the last calendar year, some use the last 4 quarters, some use earnings estimates for the coming year or 4 quarters.\n\nYou can calculate your own using the information available at Yahoo and earnings.com or use that info. to figure out the assumptions for the sites you list above.  Then you can use whichever one uses assumptions that make the most sense to you.\n\nAs long as you're consistent it will be a meaningful measure.  I like the past 4 quarters method.
1113178
Balance Sheet is the statement that shows the financial position of the Company.It shows the assets and liabilities of the company.Its usually prepared at the end of the accounting period.
940740
Hi Tasksgirl.....   I need all your attention please!\n\nI suppose you work everyday with an automated Accounting System, like Accpac, QuickBooks, Salomon, etc....\n\nEntries closing (concepts and definitions) :\n\n1) Closing entries are made to close revenues, cost of goods, operational costs and any other account involved to calculate the compay's NET INCOME.\n\n2) Net Income is the result that you read at the end of an INCOME STATEMENT report.\n\n3) You MUST enter Closing entries once in a year.\n\n4) I have seen two types of Closing Entries:\n    - Manually\n    - Automatically\n\n    Manually Closing Entries are done when automatically option does not exist.  It is a obsolete system.\n\n    Automatically is done when you close the fiscal year.  If this option exists, never enter Closing Entries manually.  It will ends on critical errors.\n\nSome Accounting Systems, like Accpac, looks for marked accounts as Revenues, Costs of Goods, Expenses, Other Incomes, etc...  and create transactions to close them.\n\nFor instance:\n\nA revenue account balance is            -15,200,000.oo\nA cost of good account balance is       7,100,000.oo \nAn expense account balance is            3,000,000.oo\n\nNet Income will be  -5,100,000.oo  (Revenue - CoGs - Expenses)   Negatives signs are shown only to show this example only, but usually accounting system do not show them unless it be needed.\n\nok, Accpac will create a batch entry as follow:\n\nRevenue account    15,200,000.oo\nCoGs account         - 7,100,000.oo \nExpense account    -  3,000,000.oo\nEarning Account    - 6,100,000.oo   (Equity account)\n\nEarning account is entered to balance this batch. Now, Net Income will part of Company's Equity account.\n\nNext time you run a Income Statement, Net income will be ZERO, because it was closed by Closing Entries.  This result is now in Equity Accounts.\n\nthat's it... hope that helps you .... good luck!
511733
Depends.  There should be an explanation as to what those details are (interest payments, fees).  Call your bank and ask for an explanation if you still don't understand.
751162
You need to give more details toget a proper answer. Please go to yahoo finance and click on the chart and your monitor should display that chart.
535963
hi josejen, this is a wonderful question that need deep knowledge in tax and accounting. First u need to know that there are 2 kinds of accounting one cash system and other accruel system. In cash system matter is simple. just debit the tax you paid and credit the cash/ bank as and when you paid it. Please note that you cannot claim a deduction on this behalf from income tax.\n Now when you are following accruel system you have two options. One just acount the calculated tax as a liability, hence debit income tax and credit income tax payable. deibit the liability a/c and credit bank/ cash when you are payig it. \nBut if you are followin accounting standards to account tax matter is too complicate. you need to calculate what is a .......if you want know more ...please contact me
138360
income statement or profit and loss\nbalance sheet\ncash flow\nretained earnings statement or statement of changes in owner's equity
1124623
The statement of retained earnings shows the changes in the retained earnings account for the accounting period from operating profits, operating losses, dividends, etc.  It's related to the balance sheet because retained earnings is a balance sheet item.  It's related to the income statement because profits/losses will change the retained earnings account.  Any cash transactions in the retained earnings account will be shown on the cash flows statement.  Hope I didn't miss any!
587108
If you're using software, there is often a 'canned' chart of accounts included.\n\nIf you do a search for 'sample chart of accounts', you'll find many examples - you should look for one that best fits your type of company\n\nWhat many people do, if your biz is not complicated, is just use say 1xxxx for assets, 2xxxx for liabilities, 3xxxx for equity, 4xxxx for revenues, 5xxxx for cost of goods sold, 6xxxx for expenses, 7xxxx for taxes, 8xxxx for other income/expense.\n\nIf you more or less follow the order in which things will appear on the financial statements, you can't go too far wrong
307919
There is the income statement and the balance sheet. Those are the basic building blocks of the disclosure. Following these are the footnotes. It is in the footnotes where they tell how the numbers were arrived at. For instance: there will be a footnote explaining how inventiors are valued. That can have an considerable impact on both income statement and balance sheet. \n\nThere will be a footnote on employee benefit plans and how much is unfunded and what interest rate assumptions they are using. \n\nNormally, the balance sheet and the income statement require about 2 pages. The footnotes about 30 to 50 pages.