Comparison of Financial Statements for the Sony Corporation and the Google Corporation

In the following pages I leave behind be discussing several(prenominal) topics to embroil: the importance of the GAAP ( slackly Accepted report Principles), as salubrious as comparing current as great deals and liabilities to non-current items. I will besides review the pecuniary logical arguments for the Sony Corporation and the Google Corporation, muddle the balance sheets, income statements, and statement of silver flows for each. I will defend my opinion close each of them in reference to the public-service corporation of their net income vs. cash from operational activities. Finally I call up to make a prediction about each participation after reviewing their financial statements and reach cardinal additional ratiocination about each company from the additional information provided in their annual reports. check to the background material provided for module one, financial statements will be prep bed under a set of principles or guidelines. In the United St ates these are called Generally Accepted Accounting Principles (GAAP). These are a detailed accrual of specific rules generated by a series of authoritative confidential sector bodies. The current torso is the Financial Accounting Standards get along (FASB). Most other countries slackly follow a set of rules called the International Accounting Standards (IAS) as issued by the International Accounting Standards Committee (IASC). around countries, such as Canada, the United Kingdom, and Australia improver the IAS with their own additional standards.

flow rate assets are those assets which are consumed in the popular run stave of the organization or are converted to cash inw ardly the normal operating bicycle of the o! rganization or one year whichever is interminable plus prepaid expenses. The operating cycle is the progression (in normal activities) from cash to inventory to receivables and back to cash. Some activities, like the aging of alcohol, take more than one year, accordingly the reference to operating cycle as a cadence element in the definition. Prepaid... If you want to get a full essay, order it on our website: OrderEssay.net

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