Guilermo Week 2

*  Learning Team Assignment: Financial Statement Analysis Ratios:      NIKE     Intel     Adamjee amends      2007     2007     2007 Nature of business     Distributor      Manufacturer     Service production     footwears     Electronics     Insurance Country     USA     USA     Pakistan Required Ratios                veritable raio     3.13:1     2.79:1     1.62:1 quick ratio     2.07:1     2.41:1     NA dupont ratio     13.70%     12.50%     13% Gross return margin     44%     52%     NA net net margin     9%     18%     45% Assets Turnover     153%     69%     29% Inventoy Turnove     4.32 times     5.47 times     NA Account receivable turnover     6.54 times     14.73times     1.6 times Financial leverage     0%     0%     0% Report:                                                     3 companies                          Page 1           Comparison of Reporting Differences for 3 companies Abstract The paper describes the battle in reporting requirement under raw material accountancy convention. Three different companies from different sectors have been selected.

They are Intel Corporation, Nike and Adamjee Insurance. Their nature of business is trading, manufacturer and service. Two are USA ground attach to and one is Pakistan based company. Detail Every company has to follow basic generally accepted accounting dogma to maintain accounting records and financial reporting.   FASB is the primary body to try GAAP. Some of the important GAAP are cost principle, red concern, matching principle, revenue recognition and expenses recognition, conservatism, full disclosure etc. It is possible that due to special nature of business these basic principles may not be applied or requires some(a) changes. Under the conservatism principle, Inventory has to be valued at cost or market value whichever is lower. Inventory should complicate all cost incurred upto saleable condition of the product as per IAS 2. One of... If you want to get a full essay, fix it on our website: Ordercustompaper.com

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