Monday, January 21, 2013

What tools can be used for financial statement analysis? What do these tools tell you about financial performance? What kinds of business decisions can be made using these tools?

Please use an example from your accounting experiences if possible.
Financial statement analysis is a process of finding a company’s’ strengths and weaknesses by analyzing the company’s’ balance sheet and profit and loss statement. An analysis is used to make investment and credit decisions, asses cash-flow prospects, report enterprise resources, claims to those resources, and changes in them, to report economic resources, obligations, and owners’ equity, to report enterprise performances and earnings, to evaluate liquidity, solvency and flow of funds, to evaluate management stewardship and performance, and to explain and interpret financial information. The tools that can be used for financial statement analysis are financial ratios. Financial ratios evaluate the relationship between financial statement elements and are most useful when compared to previous years’ results, competitor company results, industry averages, or benchmarks. The ROA ratio measures the percentage return on the asset employed by a company, and the ROA can be broken down into two components: the profit margin ratio and the asset turnover ratio. A company can improve its return on assets ration by increasing its PMR and/or ATR. Profitability ratios measure the results of the company’s’ business operations overall performance and the strength of the firm. When analyzing a company’s’ financial rations; it can be determined whether that company has a high or low ROA due to a larger or smaller turnover ratio. Analyzing two companies side by side can determine which come has the higher profit margin ration and can decide which of the two companies to invest in or merge with.

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What is Generally Accepted Accounting Principles (GAAP)? How does GAAP affect financial reporting? How does GAAP need to change to accommodate today’s dynamic business environment?

The Generally Accepted Accounting Principles is a codification of how CPA firms and corporations prepare and present their business income and expense, assets and liabilities on their financial statements. It is a common set of principles, standards and procedures that companies use to compile their financial statements. GAAP are a combination of authoritative standards set by policy boards, it is the commonly accepted ways of reporting and recording accounting information (investopedia). GAAP affects financial reporting by setting the standards that accounts must follow when preparing financial statements. GAAP sets the standards for revenue recognition, outstanding share measurements, and balance sheet reporting. GAAP sets the guidelines for companies whether they use either the cash basis accounting or accrual based accounting methods for reporting their financial statements. GAAP determines what transactions are recognized within the assets, liabilities, and equity accounts. GAAP needs to change to accommodate today’s dynamic business environment by allowing international accounting and financial standards to converge with its standards. GAAP is designed solely for the US and the IFRS is a globally accepted set of guidelines. In order for GAAP to keep up with changing business it must become globally accepted. There is a need for globally accepted principles and the FASB Accounting Standards Codification system may be the way to accomplish this goal.

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What is the FASB Codification System? What is the purpose of the FASB Codification System? How can it be used to make better accounting decisions?

The FASB Accounting Standards Codification is an advanced application that allows users to access the authoritative content, perform research, and submit feedback ( The purpose of the FASB Codification system is to make the accounting standards easier to find and navigate through by using one online database under a mutual referencing system. The US accounting standards may be converged with IFRS in the future and the FASB Accounting Standards Codification systems is making a path for convergence to take place. The Codification system organizes the accounting laws and accounting principles and gives accounting professionals easier access to these laws and principles.  Implementation of the FASB Accounting Standards codification system reduces the amount of time that is used to search for accounting topics and we, as accounting professionals can complete our work faster and work more efficiently. The purpose of the FASB Codification was to reorganize all existing U.S. accounting and reporting standards issued by the FASB and other related private-sector standard setters into one authoritative body of literature, which will ease research of accounting literature and reduce the risk of noncompliance. The FASB Accounting Standards Codification System can be used to make better accounting decisions by giving accounting professionals a better organized format that is easier to understand than the structure of GAAP and also user friendly. The Codification system with have real-time updates that will help to prevent the risks of noncompliance.

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Tuesday, January 8, 2013

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Not only is it a well taught course anyone can learn, the strategy actually kicks ass! It takes you on average about 2-4 hours to create a Sniper site, and this includes everything from researching a niche to finding a product to promote (if you follow the steps correctly). After this, it really is all systems go...

As people we all value time over money right? Well a strategy that generates you a good deal of money but takes you 16 hours a day to operate isn't a good one. Yes you’ll make money, but you won’t have any time to enjoy that money. But Google Sniper really makes you commission on autopilot. It takes on average 2-4 hours to set up, and then you simply can just relax. Why?

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Google Sniper 2.0 really is a must for anyone looking to make money online. The 104-page eBook guides you through the process, and is reinforced by the step-by-step walk-through videos. The monthly option of Sniper X also keeps everything up to date, and gives you even more strategies and tactics to make more money from your sniper sites. But that choice is optional...

So with more success stories generated than any other make money online strategy? It’s a no brainer; check it out here -Google Sniper 2.0 

The Complete Guide to Affiliate Marketing on the Web By Brown, Bruce C
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