Professional Documents
Culture Documents
AND REPORTS
Group 8
LOPEZ, Khatrina
CALINGIN, Charisse
LAGAT, Christian Pons
PACULBA, Cyril
Submitted to:
Mr. Wilson C. Bation
November 17, 2016
INTRODUCTION
Every transaction that a business gets involved with ultimately finds its way into the
accounting records and financial statements of the business.
In business there are essential two main types of financial reports (or "accounts"):
Period
2012
2013
NetSolutions
Balance Sheet
Sales Revenue
$ 500,000
$ 800,000
December 31, 2013
Less: Cost of Goods Sold
300,000
464,000
Gross Margin
$ 200,000
$ 336,000
Operating Expense
80,000
164,000
Assets
Liabilities
Interest Expense
20,000
20,000
Income before taxes
$ 100,000
$ 152,000
Currenttaxes
Assets
Current Liabilities51,680
Income
34,000
NET INCOME
66,000
$ 100,320
Cash
$ $2,065
Accounts Payable
$900
Accounts Receivable
2,720
Wages Payable
250
Supplies
760
Unearned Rent
240
Prepaid Insurance
2,200
Total Liabilities
$ 1, 390
Total current assets
$ 7,745
Property, plant and Equipment
Stockholders Equity
Land
$20,000
Office Equipment $1800
Capital Stock
$25,000
Less accum. Dep
50 1,750
Retained Earnings
3,105
Total property, plant
Total Stockholders Equity
28,105
And equipment
21,750
Total Assets
$29,495
_
$29,495
Source:
C. Warren, J. Reeve, J. Duchac (2014). Financial and Managerial Accounting, 12e.
Cengage Learning
INCOME STATEMENT (BOOK)
Source:
M. Mowen, D. Hansen, D. Heitger (2014). Cornerstones of Managerial Accounting, Fifth
International Edition. Cengage Learning
2013
2012
2,501
(130)
(9)
624
2,986
(7)
2,843
(463)
5,359
(64)
5,295
2,445
(10)
484
2,919
19
2,972
(1,952)
3,958
(400)
3,558
259
(470)
(2,481)
(2,578)
(202)
(2,165)
3,130
(3,518)
40
(683)
(701)
(1,663)
(15)
153
798
33
109
(302)
(2,271)
859
(590)
(693)
(26)
(2)
522
258
21
(510)
(470)
323
600
325
-
(4)
(2)
919
323
Source:
R. Tiffin (2014). Executive Finance and Strategy: How to understand and use financial
information to set strategic goals. London, United Kingdom: Kogan Page Limited
STOCKHOLDERS EQUITY (BOOK)
Talex Inc.
Statement of Stockholders Equity
For the year ended 12/31/12
Preffered
stock
Common
stock
Bal.
$100,000
1/1/12
Net
income
Dividends
on
preferred
stock
Dividends
on
common
stock
Insurance
of
additional
common
stock
Bal.
$100,000
12/31/12
$850,000
Additiona
l paid-in
cap.
$177,000
50,000
25,000
$900,000
$202,000
Retained
earnings
Treasury
stock
Total
$245,000
$(17,000)
180,000
$1,355,00
0
$180,000
(10,000)
(10,000)
(65,000)
(65,000)
$350,000
(10,000)
75,000
$(27,000)
1,252,000
Source:
C. Warren, J. Reeve, J. Duchac (2012). Principles of Financial and Managerial
Accounting, Using Excel for Sucess. Cengage Learning
$27,811,000
$27,821,000
$19,154,000
$3,498,000
$6,152,000
0
$267,000
$14,736,000
$5,468,000
$4,981,000
0
$378,000
$56,882,000
$1,760,000
$12,276,000
$61,660,000
($39,091,000)
($3,432,000)
$53,384,000
$1,760,000
$11,379,000
$58,045,000
($35,009,000)
($3,385,000)
$33,173,000
$32,790,000
$86,174,000
$90,055,00
12/31/13
$46,854, 000
$18,421,000
$28,433,000
12/31/12
$48,017,000
$19,053,000
$28,964,000
$18,205,000
$18,185,000
0
0
0
0
0
0
$10,228,000
$10,779,000
$1,110,000
$608,000
$11,940,000
$12,206,000
$463,000
$11,477,000
$2,851,000
($42,000)
$602,000
$397,000
$11,809,000
$2,723,000
($67,000)
$819,000
unconsolidated
subsidiary
Net
income-cont. $9,186,000
operations
Net income
$9,838,000
$8,584,000
$8,584,000
$9,019,000
$9,019,000
12/31/13
$8,584,000
12/31/12
$9,019,000
$1,977,000
$871,000
0
$1,982,000
$657,000
0
0
($932,000)
0
0
($1,080,000)
0
$10,542,000
($2,550,000)
($1,991,000)
$327,000
$10,645,000
($2,780,000)
($7,033,000)
($1,591,000)
($4,214,000)
($11,404,000)
($3,504,000)
($3,070,000)
$4,711,000
$17,000
$4,218,000
$100,000
($3,745,000)
($611,000)
($3,347,000)
($255,000)
$1,972,000
Sources:
http://www.nasdaq.com/symbol/ko/financials?query=balance-sheet
http://www.nasdaq.com/symbol/ko/financials?query=income-statement
http://www.nasdaq.com/symbol/ko/financials?query=cash-flow
($4,361,000)