Difference between substance and form of financial statement

Assignment Help Financial Management
Reference no: EM132426208

Order Instructions:

This case is based on actual financial projections developed and provided by a publicly traded firm, Purchase Point Media Corporation (PPMC). Carefully examine the PPMC projections, which are presented in a sequence and format suitable for break-even calculation and analysis. After you calculate the break-even point, use additional, publicly available information to come to a decision with respect to market potential. The increase in the price per share of PPMC stock suggests that, over time, the market may have reacted to their results and analyses, using a comparable methodology.

OBJECTIVES

1. Identify discernable errors, irregularities, and improprieties in style and format within publicly reported data

2. Meet financial statement presentation requirements for a specific "real world" example

3. Determine whether financial information provided follows generally accepted accounting principles (GAAP) or is presented in "good form"

4. Distinguish between the substance and form of financial statements

5. Estimate variable and fixed costs for a publicly traded company

6. Assess publicly disseminated information from publicly traded companies to determine the feasibility of market potential and market penetration

Reference no: EM132426208

Questions Cloud

Trade-off theory-How is the capital structure determined : According to the trade-off theory, how is the capital structure determined? Firms have an incentive to add leverage to the capital structure.
Evaluate the standard deviation and range : Identify the level of measurement for the data in each column.For each column, identify whether the data is qualitative or quantitative.Evaluate the mean
What should the united states role be in human trafficking : What should the United States' role, including law enforcement, be in human trafficking? Do you consider this case to be "slavery" or do you believe.
BESC1071 Psychology of Health and Wellness Assignment : BESC1071 Psychology of Health and Wellness Assignment Help and Solution - Australian College of Applied Psychology, Australia. Assignment - Case Study Essay
Difference between substance and form of financial statement : Determine whether financial information provided follows generally accepted accounting principles (GAAP) or is presented in "good form"
Model Deployment and Model Life Cycle Assignment : Model Deployment and Model Life Cycle Assignment help and solutions:-Results of the Data Needs Identification and Data Acquisition and associated supporting
Explain how the study of consumer behavior teaches : In your explanation, discuss whether or not big box stores like Wal-Mart and Target, or wholesale clubs like Sam's and Costco are worthwhile purchases and why.
The pharmaceutical industry and The payday loan industry : In the land of free trade, the public does not view all industries as equal. The pharmaceutical industry, The payday loan industry, Cloning for medical purposes
Which of the following does standard deviation measure : Which of the terms below refers to the difference between these two rates of return? Which of the following does standard deviation measure

Reviews

Write a Review

Financial Management Questions & Answers

  Influence the cash flow and risk of the project

Commodore Corporation is deciding whether it makes sense to invest in a project today, or to postpone this decision for one year. The investment timing option does not affect the expected cash flows and should therefore have no impact on the project’..

  What is the value of the quick ratio

Fin 3200: A supplier, who requires payment within 10 days, should be most concerned with which one of the following ratios when granting credit?

  Determine the economic fair value of the first payment

Determine the economic fair value of the first payment, if the item has a present advertised price of dollor4,000, and assuming an interest rate of 12%.

  Maximum allowable discounted payback period is three years

if the appropriate cost of capital is 8 percent and the maximum allowable discounted payback period is three years.

  Overseeing the tax management-cost-financial accounting

The person generally directly responsible for overseeing the tax management, cost accounting, financial accounting, and information system functions is the: A. treasurer. B. director. C. controller. D. chairman of the board. E. chief executive office..

  What is the firms cost of internal common equity

The common stock for the Bestsold Corporation sells for $59. If a new issue is sold, the flotation costs are estimated to be 8 percent. The company pays 70 percent of its earnings in dividends, and a $6.30 dividend was recently paid. What is the firm..

  What value would you expect for alpha

If the market is efficient, what value would you expect for alpha?- Do your estimates support market efficiency?

  What are the implications of leasing arrangement

What are the implications of a leasing arrangement has on depreciation expense?

  Look back analysis for completed ROI?

justification of capital expenditure, and a look back analysis for a completed ROI?.

  Determine the discounted payback period for the project

An investment project requires a net investment of $100,000. The project is expected to generate annual net cash inflows of $25,000 for the next 5 years. The firm's cost of capital is 12 percent. Determine the payback period for the project. An inves..

  Assuming the market is in equilibrium

You are considering an investment in Keller Corporation's stock which is expected to pay a dividend of $2.00 a share at the end of the year (D1=$2.00) and has a beta of 0.85. The risk-free rate is 5.5% and the market risk premium is 6%. Keller curren..

  What is the actual exchange rate today

One year ago the spot exchange rate between the Chilean peso and the U.S. dollar was Ps600.00/$. During the past year, the Chilean peso fell 35% in value against the dollar. During this same 12-month period, prices in the U.S. were stable but Chilean..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd