Financial Reporting Assignment Example | Topics and Well Written Essays - 750 words

Financial Reporting - Assignment Example The assets listed in Coca-Cola Company’s balance sheet are classified into two main categories, current and other assets. Current assets are divided into two sections, with the first one being cash and cash equivalents and short term investments (The Coca-Cola Company, 2013). All the other assets that do not make up part of current assets are the long-term assets that are listed individually. In a balance sheet, cash equivalents always appear with cash as the first of current assets. From research, it is noted that cash equivalents are non-cash assets that are highly liquid or can be converted into cash immediately. This means that cash equivalents are assets that can be readily sold or disposed of and converted into cash for immediate use. Just like cash, cash equivalents are usually low risk and return assets, meaning that their face value rarely changes much. From the annual report for The Coca-Cola Company, it can be seen that the total value for the total current liabilit ies for 2012 was $27,821,000,000 while the total value for the total current liabilities for 2011 was $24,283,000,000 (The Coca-Cola Company, 2013). It should be noted that 2012 was the most recent annual reporting period while 2011 was the previous annual reporting period for The Coca-Cola Company. ... The creditors expect to be paid at a future date, so they review the financial statements to see if the company will be able to pay its debts in time. The creditors will look at the balance sheet to determine if the company has enough current assets to pay immediate debts and if the company’s debts can be covered by the assets that it owns. The creditors will also look at the annual reports to assess the liquidity of the company should it need to pay its debts immediately. Conversely, investors are the people who own the company, mostly in the form of shareholding. In any investment, the investors look to earn a return on their investment and get a return for their investment. This means that information contained in the balance sheet and income statements is important to the investors. The investors will look at dividends paid out to determine if they will earn a return on their investment, that is whether they will make a profit by investing in the company. The investors wil l also want to be sure that their original investment is paid back, so they look at the current assets and current liabilities to know if they will get paid the value of their investment. Finally, the employees of the company are assumed to want to work for the company for as long as possible. This means that the employees of the company expect the company to be a going concern, meaning that the company is expected to have sound performance and look to be profitable. To determine this, the employees of the company will look at the financial information presented in the balance sheet and income statements to determine if the company is growing or failing.

Service Learning Project Paper Essay Example | Topics and Well Written Essays - 750 words

Service Learning Project Paper - Essay Example I was looking forward, with a lot of enthusiasm, for the day to arrive when we would participate in the volunteering work. My main role in the service learning project was to supervise the whole exercise and to ensure that everything went on well as planned. As the supervisor of the project, I guided my group members in carrying out the activities that we were asked to do in the non-profit organization. To guide my colleagues well in the volunteering project, I took the initiative to start working, i.e. storing shoes, cleaning, and vacuuming the carpet. My colleagues followed suit and within the three allocated hours we had done a lot of work for the non-profit organization. After completing the work, I felt that everything went on well as planned. This is because by the end of the three hours that we were supposed to work, we had completed all the tasks that were allocated to us. However, although everything went on well as planned, there was room for improvement. This is because many of us were not familiar with the work environment and the employees of the organization whom we were working with. For this reason, we did not relate as closely as we ought to have related with the employees of the organization. Had we visited the organization prior to going for the volunteer work, we could have familiarized ourselves well with the environment and the employees of the organization and this could have led to a more productive relationship between us and the employees of the non-profit organization. After working together, I feel that my team had a real spirit of team work. This is because we worked well together and all of us seemed quite enthusiastic about the work. The only thing that I feel we should have done differently as a group is visiting the organisation together to familiarize ourselves with the environment and the employees of the organisation before going for the volunteer work. I, however, feel