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

In the following pages I utilise be discussing several(prenominal) topics to embroil: the importance of the GAAP ( for the most part Accepted be Principles), as salubrious as comparing current as casts and liabilities to non-current items. I will besides review the financial logical arguments for the Sony Corporation and the Google Corporation, mending the balance sheets, income statements, and statement of silver flows for each. I will give my opinion close each of them in reference to the service of their net income vs. cash from run activities. Finally I call back to make a prediction about each community after reviewing their financial statements and reach cardinal additional evidence 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 States these argon called Generally Accept ed Accounting Principles (GAAP). These are a detailed collection of specific rules generated by a series of authoritative insular sector bodies. The current torso is the Financial Accounting Standards posting (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 auxiliary the IAS with their own additional standards.

flow rate assets are those assets which are consumed in the expression operating(a) stave of the organization or are converted to cash inwardly the normal operating bicy cle of the organization or one year whicheve! r is long-life 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 develop 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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