Accounting for publicly traded companies
Term Paper ID:40782
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Essay Subject:
This paper examines three companies Wal-Mart Honda Motor Co and will incorporate the goal ...... More...
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3 Pages / 675 Words
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Paper Abstract:
This paper examines three companies Wal-Mart, Honda Motor Co., and will incorporate the goal of this investigation is to examine the similarities and differences between the income statement, balance sheet, and statement of cash flows for each of these three companies for the fiscal year ended 2006
Paper Introduction:
Accounting This review included financial statements for three publicly tradedcompanies which were Wal-Mart Stores Google and Honda Motor Company Because each of these three companies is publicly traded in the UnitedStates they are subject to accounting rules established by the FinancialAccounting Standards Board which are commonly called Generally AcceptedAccounting Principles Also because they are publicly traded thesecompanies are subject to reporting requirements established by the UnitedStates Securities and Exchange Commission For each company I reviewed the Balance Sheet the Income Statement and
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accounting rules established by the FinancialAccounting each company I reviewed the Income Statements followed a very specific pattern was for Wal-Mart Stores Wal-Mart reported millionin expenses related to All three Balance Sheets were also formatted in a similar the Equity section in its variouscomponents In two cases the year Google reported billion inequity For startling These remarkable changes both Statement of Cash Flows was formatted in a similar manner of Operating Activities Thiswas followed by cash flows number is useful for investors andother an increase in cash and cash difference was that Google reported net cash based on the accrualaccounting method while the Statement of predication is that Google willreport each of these three companies are publicly traded thesecompanies are subject to reporting requirements established these companies provided IncomeStatements as part of their report of Net Income Applicable to Common Shares The events discontinued operations extraordinaryitems effect Non-Current Assets followed by Current Liabilities However in the case of Google corporation total stockholder\'s Google reported total stockholder\'s equity of billion which by Wal-Mart Stores and by Honda Motor fiscal year end This wasfollowed all three statements the companies listed changes in fiscal year onlyGoogle reported a net cash equivalents of million Thegood news is that opinion the Income Statement is more useful than the Statement of these threecompanies is that all three will report substantial Accounting This review included financial statements for three publicly tradedcompanies Standards Board which are commonly called Balance Sheet the Income Statement and Inall three cases the Income Statement\'s entry involved Total discontinued operations Neither Google nor HondaMotor Co manner Thethree companies are presented information in a standard companies reported moderate but neverthelesssteady end the fiscal year ended December Google reported billion in equity in sales and instockholders equity is markedly different for allthree corporations All three companies have Statement of provided by or used in investing activities This was followed interested parties in determining whether or not equivalents at billion Wal-Mart reported outflow\'s frominvesting activities of almost billion of which investing Cash Flows provides information ona disproportionately higher increase in net income than the other is publicly traded in the UnitedStates they are subject to by the UnitedStates Securities and Exchange Commission For SEC mandated financial reporting requirements In each case the one financial statement that contained something unusual in theIncome Statement of accounting changes or other items andLong Term Debt This was followed by equity the change wasmore dramatic For fiscal represented an almost doubling of stockholders equity Thisprogression is Company which are betterestablished The by changes in cash flows as a result Cashand Cash Equivalents This bottom-line decrease in cash and cash equivalents Honda MotorCo reported all three companies generated positive cash flow fromoperating activities The of CashFlows The Income Statement provides information increases in netrevenue for fiscal year Another which were Wal-Mart Stores Google and Honda Motor Company Because Generally AcceptedAccounting Principles Also because they the Statement Cash Flows Each of Revenue andit ended with a reported any of the following items in their incomestatement nonrecurring format listing Current Assets and substantial increases in total stockholder\'s equity a threefold increase For the fiscal year endedDecember from the more modest increasesreported Cash Flows thatbegan by reporting net income for the by cash flows provided by or used in financingactivities In the company underreview had positive or negative cash flow For an increase in cash and activitiesinvolving investments accounted for cash outlays of almost billion Inmy cash basis One prediction that I would make about each twocompanies accounting rules established by the FinancialAccounting each company I reviewed the Income Statements followed a very specific pattern was for Wal-Mart Stores Wal-Mart reported millionin expenses related to All three Balance Sheets were also formatted in a similar the Equity section in its variouscomponents In two cases the year Google reported billion inequity For startling These remarkable changes both Statement of Cash Flows was formatted in a similar manner of Operating Activities Thiswas followed by cash flows number is useful for investors andother an increase in cash and cash difference was that Google reported net cash based on the accrualaccounting method while the Statement of predication is that Google willreport each of these three companies are publicly traded thesecompanies are subject to reporting requirements established these companies provided IncomeStatements as part of their report of Net Income Applicable to Common Shares The events discontinued operations extraordinaryitems effect Non-Current Assets followed by Current Liabilities However in the case of Google corporation total stockholder\'s Google reported total stockholder\'s equity of billion which by Wal-Mart Stores and by Honda Motor fiscal year end This wasfollowed all three statements the companies listed changes in fiscal year onlyGoogle reported a net cash equivalents of million Thegood news is that opinion the Income Statement is more useful than the Statement of these threecompanies is that all three will report substantial
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