Tag Archives | Financial Statements

Financial Statements Analysis: Objectives and Procedure, Types, Limitations and Tools

In this article we will discuss about:- 1. Meaning and Process of Financial Statement Analysis and Interpretation 2. Objectives of Analysis and Interpretation 3. Procedure 4. Types 5. Techniques or Tools 6. Limitations. Meaning and Process of Financial Statement Analysis and Interpretation: Nature and importance of financial statements are explained in the preceding pages. It has been explained that facts [...]

By |2018-06-18T11:02:00+00:00June 18, 2018|Financial Statements Analysis|Comments Off on Financial Statements Analysis: Objectives and Procedure, Types, Limitations and Tools
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Intercompany Inventory Transactions | Consolidations | Accounting

Companies that make up a business combination frequently retain their legal identities as separate operating centers and maintain their own record-keeping. Thus, inventory sales between these companies trigger the independent accounting systems of both parties. The seller duly records revenue, and the buyer simultaneously enters the purchase into its accounts. For internal reporting purposes, recording an inventory transfer as a [...]

By |2018-05-16T07:35:57+00:00May 16, 2018|Intercompany Transactions|Comments Off on Intercompany Inventory Transactions | Consolidations | Accounting
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Intercompany Land Transfer and Consolidation Process | Accounting

Although not as prevalent as inventory transactions, intercompany sales of other assets occur occasionally. Accounting for Land Transactions: The consolidation procedures necessitated by intercompany land transfers partially parallel those for intercompany inventory. As with inventory, the sale of land creates a series of effects on the individual records of the two companies. The worksheet process must then adjust the account [...]

By |2018-05-16T07:35:57+00:00May 16, 2018|Intercompany Transactions|Comments Off on Intercompany Land Transfer and Consolidation Process | Accounting
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