Xyz V. Go-Foods Case Summary

If you work this problem as a group assignment, each group member should be prepared to

Financial statements could be examined with varied degrees, as part of the client acceptance procedures Paige CPA got to perform a horizontal and vertical analysis, and financial ratio analysis of Vinand Petroleum financial statements. These procedures are not as in depth as other procedures used by auditors on financial statements, but these procedures may show areas of concern for auditors. From 2006 to 2007, Vinand’s long term debt tripled and its interest expense paid for the year did not reflect this drastic increase. This could mean that Vinand has taken on a large amount of debt with a low interest rate, which will not bode well for the financial health of the company in the future. In the same breadth,

1. Using the excel spreadsheet provided, and the recommended consequential disclosures as a basis you your analysis, what recommendations would you give Phillips on each of the items listed below? In each case, justify your recommendations and estimate how much the decision will change the “true” value of the company and its value in the eyes of an investor in a private company.

Abstract : Analysis of financial statement of a company is an important because it is useful to obtain Information

I have researched the company’s financial reports. There will be a financial analysis of the company comparing its present to past two years’ performance and to the performance of its major competitors.

This report will be taking a look at internal and external factors the company positively and negatively. The report will include what they do well and not so well? What issues are affecting the company at present and in the future?

The auditors also report that they have evaluated the internal controls system of the company and according to them there is no material weakness in its system and hence they give an unqualified opinion.

The financial report that follows sets out to analyse and compare the current financial and

Also, according to its leverage ratios, the company’s debts are not only very high, but are also increasing. Its decreasing TIE ratio indicates that its capability to pay interests is decreasing. The company’s efficiency ratios indicate that despite the fact that its fixed assets are increasingly being utilized to generate sales during the years 1990-1991 as indicated by its increasing fixed asset turnover ratio, the decreasing total assets turnover indicate that overall the company’s total assets are not efficiently being put to use. Thus, as a whole its asset management is becoming less efficient. Last but not the least, based on its profitability ratios, the company’s ability to make profit is decreasing.

Issue 2: Has Patricia breached her duty to act in good faith in the best interests of the company when advising her sister Faye, that SEPL were buying a large amount of shares in FPPL?

A discussion of the impact on the misstatement of the company's financial statement. What was the effect on the balance sheet, income statement, and company cash flow? How might this affected stakeholders. perception of the company?

Buying: is when retailers purchase a large quantity of the product while it’s available at a lower price–to-retailer (PTR). It is somehow problematic because retailers could either raise the price-to-customer (PTC) back to the regular price level after the intended period of the promotion and pocket the difference, or they could continue to sell the product at a lower PTC beyond the intended period and thereby condition customers to expect prices to remain lower.

In the beginning Terrill called the engineers for meeting and showed highly concern about the personal welfare and asked the question about problem, lacked in productivity and turn over. Engineers replied and show many complain without any hesitation. They asked about their job responsibility and response from the management for their work done. They blamed to the management, its negligence about the report and for the further implementation of issues covered by the report. After two-hour discussion in the meeting, Terrill summarized the future plan and condition. He promised the engineer to stay out of their work and feel free to continue the work that has been asked by top management. He prepared the meeting report as a daily report. He can submit his report though mail but he preferred it to bring with him to headquarter for quick and effective response from the board. In fact, he presented himself as a supporter, open minded and highly serious about his job responsibility. According to the two-dimensional model of Black and

In a company that produces flowers, the profits have been tremendously reducing in the recent few months. This has cost the company so much due to the huge loss they have undergone. The business analysts have been invited on several instances to deduce why the company is performing dismally.

This essay will begin to look at the main financial statements used by decision makers in businesses today. This essay will go into detail about the income statement and statement of financial position and whether these two statements provide decision makers with their financial information adequately. This essay will also include the various advantages and disadvantages of each financial statement as well as describing whom the decision makers are and why financial statements are important to them. A conclusion will be present at the end of this essay to demonstrate an overall view of whether financial statements are beneficial to decision makers.