Here is the synopsis of our sample research paper on Three Sets of Accounts. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 4 page paper is written in two parts. The first compares the balance sheets, income statement and statement of cash flow of three companies; Microsoft, ExxonMobile and Ford, looking at the similarities and difference and determining which are the most useful. The second part considers whether the traditional measurement of profit is sufficient or if there should be increased emphasis on cash flow when accessing the performance of a company. The bibliography cites 3 sources.
Page Count:
4 pages (~225 words per page)
File: TS14_TE3sets.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
all have to be prepared with referent to a pro forma, but this still leaves some discretion. If we look at the accounts of three major companies we can assess
the difference and which statements are the most useful. Balance sheets These are generally similar. The pro forma is to show the current and then the long term assets
followed by the liabilities. The Microsoft accounts have the simplest balance sheet, simple self explanatory titles with all the expected headings. The figures are given with 2003 on the left,
being the first column of figures and 2004 on the right, in bold and the second column of figures If we compare those to eh Exxon mobile the presentation of
the years is reverse, 2004 is the first of the figure columns. Apart from this presentation is similar. For Ford there is the same 2004 first pattern, however, unlike both
Microsoft and Exxon mobile there are not the horizontal lines that break up the section and make it easier to read. Out of these it is Exxon mobile that is
easiest to read, but all give the same information. Income Statement The same year pattern operates for the income statements as seen with the balance sheets. The figures for
former years of 2002 and 2001 in the Microsoft figures may vary from the last reports as they have been adjusted to meet SFAS 123. WE can argue this is
likely to give amore like for like comparison to the investors, rather than obscure real patters with a change in accounting procedure. In Exxon mobiles accounts there is a greater
breakdown of costs, such as exploration and merger related costs, giving the reader more detail in terms of where costs are incurred. Ford also gives a little more detail than
...