Sample Case Study Of Financial Accounting

Case study 1
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Financial account - the size of the investments and the income derived from them, and the cost of operating the state, revenue and expenditure on the main area of the company, receivables and debt accounts on public funding, information,
The evdance of Financial accounting
1. Income Statement : Includes all the income generated by the business and its sources. Like (Cost of goods - Gross profit margin - Operating expenses )
2. Cash-Flow Statement : The cash-flow statement is one of the most critical information tools for your business, showing how much cash will be needed to meet obligations, when it is going to be required (Cash sales – Receivables - Total income )
3. The Balance Sheet : The last financial statement you'll

Procedures based on rules allow you to correct price fluctuations.
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Rental property has the right to use a tenant property and has the economic characteristics of property assets for lease accounting purposes. If the rental period corresponds to the specific needs of the tenant, it entails renting to add assets and liabilities related to the rental. An operational lease is considered a real lease according to generally accepted accounting principles. In fact, lease is considered an asset.
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Level 1: Financial instruments traded on active markets, the quoted prices for which are taken for measurement unchanged.
Level 2: Measurement is made by means of valuation methods with parameters derived directly or indirectly from observable market data.
Level 3: Measurement is made by means of valuation methods with parameters not based exclusively on observable market

Lufthansa Airlines Board of Directors
The board of directors, including the general manager or chief executive officer, has very defined roles and responsibilities within the business organization.
Provide direction for the organization. has a strategic function in providing the vision, mission and goals of the organization
b. Banks/ creditors
A creditor may be a bank, supplier or person that has provided credit to a company. Credit is the most important part of the economy Credit leads to an increase in spending, thus increasing income levels in the economy. This in turn leads to higher gross domestic product and thereby faster productivity growth Credit further leads to the creation of debt cycles

c. PricewaterhouseCoopers is a multinational professional services network headquartered in London It is the second largest professional services firm in the world
They have the primary function is to consider the annual accounts of companies and evaluate their validity

Case study 2
Required 1
• On March 10 treasury shares 200,000
Primume shares 40,000
Cash 240,000

• On April 16
Cash ( 2000 x 11$ ) 22,000 treasury shares 22,000

• On August 13
Cash ( 3000 x 15$ )