Purchase Solution

Accounting framework

Not what you're looking for?

Ask Custom Question

Use the Accounting Framework, Financial Statements, and Some Accounting Concepts by William J. Bruns, Jr.

• Compute a common-sized income statement and balance sheet for the years presented. (2001, 2002, 2003)
o State your findings from the analysis.
• Compute the following ratios and interpret them for the years presented:
o Return on assets
o Return on equity
o Asset turnover
o Current ratio
o Debt ratio
o Net profit margin

o Show your computation.
o State the meaning of your analysis.
• state your total recommendation based on the analysis you performed.

Purchase this Solution

Solution Summary

The expert examines accounting frameworks. The response addresses the query posted in 739 words with APA References.

Solution Preview

The response addresses the query posted in 739 words with APA References

// In the below-mentioned segment, the accounting framework and concepts have been mentioned. Moreover, the analysis of the financial statements of coca-cola has been undertaken by preparing common-size reports. Moreover, the ratio analysis of financial of the company has been performed. //

Accounting Framework

There are two major premises that define the accosting framework. The first premise states that there is a possibility of distinguishing between the organization and person for whom the accounts are being prepared (Tracy, 2012). Another premise states that for an accounting entity, available resources will be equal to the resources or funds provided by the owners and creditors. Thus, the accounting equation is formed as follows:
Assets= Equities

Financial Statements

The financial statements are the snapshots of the financial position of an entity, and it is derived directly from the basic accounting equation and framework. The financial statements are inclusive of a balance sheet, Income statement, and cash flow. Where, the balance sheet states the list of assets, ...

Solution provided by:
Education
  • MBA (IP), International Center for Internationa Business
  • BBA, University of Rajasthan
Recent Feedback
  • "Thank You so much! "
  • "Always provide great help, I highly recommend Mr. Sharma over others, thanks again. "
  • "great job. I will need another help from you. "
  • "first class!"
  • "Thank you for your great notes. Will you be willing to help me with one more assignment? "
Purchase this Solution


Free BrainMass Quizzes
Paradigms and Frameworks of Management Research

This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.

Change and Resistance within Organizations

This quiz intended to help students understand change and resistance in organizations

Managing the Older Worker

This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce

Understanding Management

This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.

Employee Orientation

Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.