Nobody downloaded yet

Personal reflection on CFA level 2 financial reporting and analysis - Essay Example

Comments (0) Cite this document
This class was a success to me, because of the knowledge I gained. This is specifically, in regard to international accounting. Of particular importance to me, is the manner which the European Union has managed to adopt…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.5% of users find it useful
Personal reflection on CFA level 2 financial reporting and analysis
Read TextPreview

Extract of sample
"Personal reflection on CFA level 2 financial reporting and analysis"

Download file to see previous pages Another important lesson learnt is on how to improve the manner in which organizations are able to improve the quality of their financial reporting.
This information was very useful to me. This is because it would help me in the identification of proper accounting procedures that can help in the prevention of fraud. Companies such as Enron were able to fall, mostly because they were not using proper accounting procedures that could reflect the true value of their transactions or assets. Other lessons that were of critical importance was on the analysis of multi-national operations, and on inter-corporate investments. Of particular concern to me, was on the analysis of multi-national operations. We are in the age of globalization, and hence there is a need of understanding the manner in which international trade is carried out (Lee & Lee, 2005).
As an analyst for an international investment company, the knowledge derived from this class was very important to me, and this is because it gave me an understanding on how multi-national companies behave, and why there is a need of developing an international accounting system that can be used throughout the world. IFRS is an example of such an accounting system, and this was well covered in the class (Albrecht, Stice & Stice, 2011). It is important to explain that the most challenging concepts, while studying in this class, touched on inter-corporate investments. This was a very difficult concept to me, and this is because I failed to understand how a company could invest in the equity or debts of other companies. However, I managed to bridge this gap, by carrying out further research on this aspect of inter-corporate investment.
The materials used were from financial journals, books, and various financial websites. In the end, I acquired knowledge on inter-corporate investments, and I knew the reasons companies ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Personal reflection on CFA level 2 financial reporting and analysis Essay”, n.d.)
Personal reflection on CFA level 2 financial reporting and analysis Essay. Retrieved from
(Personal Reflection on CFA Level 2 Financial Reporting and Analysis Essay)
Personal Reflection on CFA Level 2 Financial Reporting and Analysis Essay.
“Personal Reflection on CFA Level 2 Financial Reporting and Analysis Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Financial Reporting and Analysis
...?Running Head: FIANANCIAL REPORTING AND ANALYSIS Case 4-5 Celtics a) Amortisation can be briefly defined as the allocation of the cost of the intangible assets. Lessing and residual value that has been projected to periods in which the asset is expected to contribute to the organization’s revenue generating activities estimated, capitalized cost is allocated less. NBA franchise and other intangible assets have a value of $164,703 $164702 and $165 035 in years 1996, 1997, and 1998 respectively. This shows that the method of amortisation reflect the pattern of the usage of assets in generation of income. NBA intangible assets are defined in cost less amortisation that has accumulated....
4 Pages(1000 words)Essay
Financial Reporting and Analysis
...) /shareholders equity Allen: $100 000/$100000=1*100 = 100% Barker: $410 000/$280 000 = 1.46*100 = 146% iii) Debt to tangible net worth = total debts/tangible net worth Tangible net worth = Total assets – intangible assets – Liabilities Allen: $100 000/$185 000 = 0.54 Barker: $410 000$390 000 = 1.051 b) Barker is not in a position to take more debt because its debt ratio of 41.6% exceeds the industrial average of 40.3% c) Allen has a better Long Term debt position because it is far much lower than the industrial averages. References: Gibson H.Charles. (2008). Financial Reporting and Analysis. 11th Edition. Cengage Learning... ?Running Head: FIANANCIAL REPORTING AND ANALYSIS Case 6 steel making a)Working...
8 Pages(2000 words)Essay
Financial Reporting Case analysis
...FINANCIAL REPORT Accounting Issues Central to the Case Philadelphia Communications Inc.’s case is quite clear in the way it exists. From the information provided both by the prior year’s records and Mr. Sigar, several deductions can be drawn and expounded upon with an aim at their solutions. All the issues coming out of the case can be solved to a reasonable level, if not in totality, by principles put into place by international bodies like the International Financial Reporting Standards (IFRS), the Financial Accounting Standards Board (FASB) and the United States’ Securities and Exchange Commission (SEC). The Generally Accepted...
4 Pages(1000 words)Case Study
Financial Reporting and Analysis
...February 14, 2007 Financial Reporting and Analysis The purpose of the Business Loan to companies is to expand opportunities for economic development by making loans available to companies and business entities that could not otherwise secure affordable financing from traditional lending institutions. The company's position and financial analysis are main criteria for loan processing by bank over a period of 2 to 5 years. Their analysis for giving loan to companies includes: 1. Adequacy of equity; 2. Cash flow and repayment ability (including a cash flow analysis); 3. Collateral;...
4 Pages(1000 words)Essay
Financial Reporting and Analysis
...IASB and FASB Conceptual Framework A Critical Analysis Submitted by: XXXXXXX Number: XXXXXX of XXXXXXXX XXXXXX Subject: XXXXXXXX Subject Code: XXXXXXX Date of Submission: XX – XX – 2010 Number of Words: 947 (Excluding Bibliography) Introduction: Accounting plays a very important role in every company. Financial accounts of a company are designed not only to help the company but also provide information to other stakeholders like customers, employees, investors, etc. The International Accounting Standard Board refers to an independent standard setter for accounting in the UK. The International Accounting Standard Board consists of a board of members who come from different countries and have a vast and...
4 Pages(1000 words)Essay
Financial Reporting and Analysis
...Running Head: FIANANCIAL REPORTING AND ANALYSIS Qn 4) a) Tim Roberts applies the principle of full disclosure. This principle assures financial statement information is wholly included and reflected in the financial statements. The principle ensures that companies even reflect negative information without failure. Tim Roberts therefore, maintains separate financial statement for the bar and rental apartment to ensure full disclosure. b) An advance magazine subscription collection is reported as unearned subscription. This is the Revenue recognition principle which states that companies are required to...
4 Pages(1000 words)Essay
Financial Reporting and Analysis
...of the government, court, administrator or regulators. It can also occur as a result of an agreement made as a contract. b.1) In the Kellogg consolidated balance sheet we are given the net receivables which are determined by allowing for bad debts which were not given. With the data available, gross receivables can not be calculated. 2) Account receivables will be equal to $1143-1011=$32 c.1) the total inventories in year 2008 is $897 2) There is a fall in stock from $924 to $897. It appears that inventory might have fallen below the cost. It is then easy to see the conservatism that is inherent in financial accounting in this case. A loss is recognized immediately the value...
5 Pages(1250 words)Essay
Financial Reporting and Analysis
...years. The company must try and further increase this ratio in the future. The dividend yield for the company is also quite low suggesting that the company pays only a little in dividends relative to its share price. It is 2.10% in 2009 and decreases further to 1.98% in 2010. The company must try and increase this ratio so that investors invest in the company. Company Analysis The ratio analysis shows that company is strong financially and is performing well. The profitability ratios show that the sales and profit are good. The company must draft policies to continue this stability and to maintain profit. The market price per share is strong and it thus attracts investors towards the...
6 Pages(1500 words)Literature review
Financial reporting analysis
...FINANCIAL REPORTING AND ANALYSIS BE110: Financial Reporting and Analysis Principal Ratios The financial performance of IAC’s subsidiaries (Essakane plc and Westwod plc) can be analysed by using the financial ratios methodology. There are many different types of ratios which are used while scrutinising the financial performance of a company. The ratios used while analysing the financial performance vary in accordance with the operation and the policies following within the respective companies. The financial ratios that would be used while comparing the...
5 Pages(1250 words)Essay
Financial Reporting & Analysis unidirectional. It further should acknowledge reflecting or even faithfully presenting relationship that presupposes that main typical economic reality exists objectively (Gaffikin, Dagwell & Wines, 2014, p62). The evaluation of whether the criticism leveled on the conceptual framework for failing to fulfill its main objective depends on outlining the main objectives of conceptual framework and comparison with what is undertaken in the field by the practice. The analysis depends on actualizing that the conceptual framework financial accounting concurrently reflects, represents, mirrors, or measures the normal feature of the pre-existent economic...
6 Pages(1500 words)Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Personal reflection on CFA level 2 financial reporting and analysis for FREE!
Contact Us