Time Frame : Fiscal Year Essays

Time Frame : Fiscal Year Essays

Length: 1338 words (3.8 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

Time frame: Fiscal year
Income statements also show Earnings Per Share (EPS). EPS shows how much money shareholders would receive if all of the net earnings for the period were distributed. (A highly unlikely occurrence; they’re usually reinvested.)
Income statements are set up stepwise. Starting at the top we see the total amount of sales made during the accounting period. As you go down, you subtract costs and additional operating expenses related to producing the revenue. After subtracting all expenses, you learn how much your company netted or lost during the accounting period. This is our “bottom line.”
At the top of the income statement, often referred to as gross revenues or sales, is the total amount of money generated from sales of products or services. Because expenses are not deducted yet, the number is “gross” or unrefined.
Next come Returns and Allowances, money your company doesn’t expect to collect. This usually includes sales discounts or merchandise returns. After subtracting returns and allowances from gross revenues, you’re left with Net Revenues or Sales.
Customarily after net revenues comes Cost of Goods Sold. This is what the company spent to produce the goods or services sold throughout the accounting period. We subtract Cost of Goods Sold from the Net Revenues to calculate a subtotal called “Gross Profit” or “Gross Margin.”
Next we deduct Operating Expenses, costs that go toward sustaining a company’s operations for the period. Included are: administrative salaries, R&D costs for new products, and marketing expenses. We classify Operating Expenses differently from Cost of Sales, because we cannot link Operating Expenses directly to product or service creation.
Depreciation, taking into account the wear a...

... middle of paper ...

...CL from items ending balances.
Investing Activities
• Reflects cash used and generated by changes in long-term assets on balance sheet.
Financing Activities
• Two ways company can provide itself with financing:
• Borrow: reflected in Long-Term Liabilities section
• Raise money from investors: reflected in changes in Owners’ Equity accounts
• Other factor in owners’ equity is Retained Earnings (RE).
Escalating accruals can point to earnings manipulation and fraud. It is easier for managers to fake reported earnings than actual cash in the bank.
Incredibly business fraud averages $400 billion per year. To those of you who thought this was easy, exhibit One is Enron, which booked profits from multiyear gas and electricity contracts the day they were signed instead of as they paid off. Other notorious instances were Quest Communications, Tyco, and ImClone among others.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

The, And Rain On The Roof By Janet Frame Essay

- There can be no doubt that the primary purpose of much poetry is to present significant ideas in a condensed form. While any such statement is inherently limited, due to the wide range of texts and ideas that poetry covers, which means almost by definition that some will not be defined as “significant ideas” (for instance, Lear’s limericks come to mind – a bit too informal?), we can say that a large majority strives to reach this goal. Nowhere is this more obvious than in the poetry of renowned New Zealand writer Janet Frame, whose poetry is notable mainly for the extremely contracted and image-rich poems, which highlight this idea well....   [tags: Poetry, Literature, Idea, Janet Frame]

Better Essays
1273 words (3.6 pages)

Essay about Political Frame Analysis of an Organization's Effective Management

- In any organization, effective management is difficult to achieve and maintain. Analyzing organizations from multiple perspectives allows people to better understand the system and potential issues involved and to identify solutions. Bolman and Deal utilize a four-frame approach focusing on the structural frame, human resource frame, political frame, and symbolic frame.1 This paper will discuss the political frame. The political frame views companies as jungles and focuses on the powerful members in an organization who negotiate and influence others....   [tags: Boeman and Deal four frame approach]

Better Essays
1758 words (5 pages)

Hospital Fiscal Year Price Increase Event Essay

- Hospital Fiscal Year Price Increase Event Introduction In business environments, there are managerial and financial accounting personnel to maintain accounting records. Financial accounting is geared towards serving external users such as creditors, investors, and those outside of the organization. They assist external users in making investment and credit type decisions as it relates to organization-wide, monetary information. However, they are controlled by Generally Accepted Accounting Principles (GAAP) and cannot provide that type of information until an audit is complete....   [tags: Management accounting, Management, Control]

Better Essays
950 words (2.7 pages)

Essay on U.s. Senate Proposal For Fiscal Year 2017

- The US House of Representatives advanced a $576 billion defense spending plan for fiscal year 2017 that will be passed to the Senate and finally to the White House where it is expected to be vetoed and face a number of other political fights preventing it from ever becoming law. The vote was 282-138 in favor of the plan, which makes it the third plan approved by the House this year. Senate officials have voiced concerns and oppose the House’s priorities of military funding next year, which would shift $16 billion from contingency operations to base budget spending....   [tags: Bill Clinton, President of the United States]

Better Essays
1025 words (2.9 pages)

Demand Management and Fiscal Policy Essay examples

- Demand Management and Fiscal Policy Fiscal policy is the manipulation of aggregate demand using taxation and or government spending. The government tends to make most of its fiscal decisions in the annual budget, usually announced in March of each year. However, there are a number of problems in using fiscal policy to control aggregate demand - one of the most significant is the problem of time-lags. 1. Time Lags Many aspects of fiscal policy have a delayed effect on aggregate demand. Changing the fiscal stance can take some time to achieve....   [tags: Fiscal Policy Interest Rates Essays]

Better Essays
1016 words (2.9 pages)

Fiscal Policies : The Fiscal Policy Essay

- In today’s economy, fiscal policy plays a vital role in influencing the financial direction and economic goals of the United States. Furthermore, government spending and taxation are two main economic activities that influence a nation’s economy and are generally referred to as the fiscal policy. Not only does the fiscal policy help determine a nation’s budget, but it also determines how much resources need to be allocated to help achieve their economic goal. Therefore, the fiscal policy has many functions and consists of allocating, distributing, stabilizing and developing the nation’s economy....   [tags: Keynesian economics, Macroeconomics, Recession]

Better Essays
1096 words (3.1 pages)

Essay about That Time Of The Year Thou Mayst See

- William Shakespeare’s name has power in it because of his marvelous creations. Shakespeare is one of the most famous sonnet writers so does his sonnet 73. “That Time Of The Year Thou Mayst In Me Behold” is written in his later time when he finished writing many of his major plays. Shakespeare frequently uses a rhyme scheme in the sonnets that follows a pattern of ABAB CDCD EFEF GG. This Shakespearean pattern divides poem in to three distinct quatrains that can develop a separate metaphor for each, followed by a closing couplet that sums up what has discussed through the previous parts....   [tags: time, metaphor, sonnet]

Better Essays
666 words (1.9 pages)

A Research Study On A Short Time Frame Essay

- This research project was carried out within a short time frame, therefore, along with many constraints confronted in this study was the amount of time given for the completion of this research project. An extensive study in this area requires consistent data updates, as market sentiment is subject to frequent changes. Also the results in one period in time may differ substantially from the other, which may lead to a different conclusion. Although the research period for this study was chosen randomly based on the latest available data at the time of the research, the conclusion cannot be generalized....   [tags: Hedge fund, Mutual fund, Investment]

Better Essays
1201 words (3.4 pages)

Scripted And Has A Limited Time Frame Essay

- Unfortunately, because this television show is scripted and has a limited time frame to communicate huge storylines, the amount of content between the two characters that was relevant to their relationship was much less than originally thought. The scenes transcribed were originally chosen by compiling a list of all the episodes both actresses starred in, and were then narrowed down by fast forwarding through the episodes to all the parts where both characters were on screen at the same time and having a conversation....   [tags: Gender role, Gender, Gender identity, Transgender]

Better Essays
1410 words (4 pages)

Essay on The Time Frame Between 1760 And 1820

- The time frame between 1760 and 1820 was an agitated and revolutionary period that saw many of the enlightenment ideas that challenged the social and political status quo, being translated into revolutions and changes. Across Europe, the Americas, and Africa, the revolutionary fervor erupted in the name of freedom and justice, shaping the configuration of numerous societies around the world, and forging new nations and new forms of governments in which the vox populi or popular sovereignty became the major force in society....   [tags: Age of Enlightenment, French Revolution]

Better Essays
1406 words (4 pages)