Pros and cons of accounting rules weighed Sarbanes Oxley - more audits, accountability. San Francisco Chronicle on the Web. Retrieved August 17, 2001, from gin/article.cgi?f=/c/a/2005/05/05/BUGJBE3DQ71.html. Leporte, G. (2007). Chief of the office of small business policy at the U.S. sSecurities and Exchange Commission.
The main aim of the proposed standard is that a company should recognize revenue when it transfers goods or services to a customer in the amount of consideration the company expects to receive from the customer or client (Journal of Accountancy July 24, 2010). There are specific areas that will receive the most signifiant changes. For instance, revenue would be recognized only from the transfer of goods or services to a customer. This alteration would affect some long-term contracts. Percentage-of -completion revenue recognition could be permitted but solely when the customer or client owns the work-in... ... middle of paper ... ...rement would be reflected on a company’s balance sheet.
 Block, Hirt (2005). Foundations of financial management, Chapter 2 (11th ed). New York: McGraw – Hill.  Peter Elstrom , July 8, 2008 http://www.businessweek.com/magazine/content/02_27/b3790022.htm  “Presentation of Financial Statements", Standard IAS 1, International Accounting Standards Board. http://www.iasplus.com/standard/ias01.htm.
Business Insider, Inc, 30 Aug. 2013. Web. 8. Rucker, Patrick, and Jonathan Leff. "U.S. Says JP Morgan Manipulated Market; Settlement Seen."
Washington, D.C.: 22 Jan 1998. 30 Nov 2001 <http://www.imf.org/external/np/speeches/1998/012298.htm>. Glauber, Robert. "Can the Crash Happen Again?" Online Newshour Forum: The State of the Stock Market--October 28, 1997.
(2009). The Inductees: Charles Keating. Retrieved March 27, 2012, from: http://www.thehallofinfamy.org/inductees.php?action=detail&artist=charles_keating Markham, J. W. (2005). Financial History of Modern U S Corporate Scandals [EReader]. Retrieved from: http:search.ebrary.com/proxy1.ncu Schilit, H. (2010).
“Mortgage Crisis Spreads Past Subprime Loans.” February 12, 2008. The New York Times. October 5, 2008. http://www.nytimes.com/2008/02/12/business/12credit.html?_r=1&pagewanted=print Barnes, Ryan. “The Fuel that Fed the Subprime Meltdown.” 2007. Investopedia.
It is a popular tool used for evaluation of operational performance of the company / business entity. The ratio is computed by dividing the gross profit amount by net sales. It can be calculated in terms of percentage as well which is called gross profit margin. • Net profit (NP) ratio measures the net of tax profit earned against net sales. This ratio indicates that how much portion of the revenue is left to be distributed among the owners of business after all expenses have been accounted for.
The growing foreclosure crisis. Retrieved December 17, 2009 from: http://www.washingtonpost.com/wpdyn/content/article/2009/01/16/AR2009011604724. Grow, B., Epstein, K., & Berner, R. (2009). How banks are worsening the foreclosure crisis. Retrieved On December 17, 2009 from: http://www.businessweek.com/magazine/content/09_08/b420034085635.htm.
Financial information extracted from income statement which is referring to the profit and loss statement, balance sheet and statement of cash flow are typically used for analysis to measure the financial performance of a company. Income statement is important to show business performance during the year. From this statement, an overview of the returns of various sources after deducting all expenses will be obtained. Balance sheet is an important information to compare the changes that occur year on year or for several years. Cash flow statements can help analyse by showing the causes and uses of cash throughout the year.