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Alexia Tech Corporation Case Study

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Hannah Williams ACCT 411: 001 Professor Manyara Research Project 05/09/2016 Research Questions Chapter 1: Non-Controlling Interest a) Protective non-controlling rights are provisions (by law or contract) that allow the noncontrolling (minority) shareholders to block corporate actions that may suppress their rights. b) Substantive participating rights allow the noncontrolling shareholder to participate in determining certain financial and operating decisions in the ordinary course of business. c) Substantive participating rights overcome the presumption that all majority-owned investees should be consolidated. d) Zee should consider the following issues when determining whether it should consolidate Bee or report its investment in Bee under …show more content…

The useful life of an intangible asset is the period over which the asset is expected to contribute to the future cash flows of the entity. Intangibles with a fixed useful are amortized. However, intangibles with indefinite useful lives are not amortized but are subject to impairment. Other relevant factors include the legal or contractual provisions, the level of maintenance expenditures required to obtain future cash flows, and the effects of obsolescence. (para 11 SFAS 142) c) Jonas Tech Corp’s suggested treatment of goodwill is unacceptable because the U.S. GAAP requires that goodwill acquired in a business combination is allocated to the reporting unit through which it was obtained. (U.S. GAAP Goodwill Allocation). Therefore, Jonas Tech should not combine the goodwill from all its acquired reporting units into one Enterprise Goodwill …show more content…

d) Coca- cola revalued their equity interest in in CCE to the acquisition-date fair value. The company recognized, a gain of $4,978 million which was classified as Other Items in its Consolidated income statements. General Electric (Statement of Cash Flows) a) General Electric employs the indirect method of accounting for operating cash flows. b) GE deducts the amount of increase in the balance sheet assets (accounts receivable, inventory) from the net profit amount to calculate the cash from (used for) operating activities. Conversely, it adds the amount of decrease in assets to the net profit to arrive at the cash from (used for) operating activities. The amount of increase in liabilities (such as accounts payable) are added while decreases are subtracted from the net profit to calculate the cash from (used for) operating activities. c) The cash paid for the business combination is shown in the investing activities section on the statement of cash flows. d) GE did not have any Noncontrolling subsidiary interest or acquired in-process research and development cost. It would have recorded them in the investing section of the Statement of Cash

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Derek Bok said “If you think education is expensive-try ignorance.” The Universal Technical Institute located in many different areas is known for a mechanic school and will teach me new thing about a man field. UTI, the Universal Technical Institute is located in a lot of places like Phoenix, Sacramento, Dallas and many more. For the Universal Technical Institute (UTI) has many different price including dorms. There are three different types of dorms, apartment style, shared style, and private shared style.

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FASB Standard 230-10-10-1 states, “The primary objective of a statement of cash flows is to provide relevant information about the cash receipts and cash payments of an entity during a period.” Go With the Flow Inc. had several unique transactions throughout the year that require accounting treatment analysis under ASC 230. First, Go With the Flow received a $20 million insurance settlement from their insurance carrier as a result of a tornado that destroyed one of the company’s warehouses. The $20 million dollar insurance settlement should be treated as an investing activity on the financial statements. According to FASB standard 230-10-45-12C, receipts from sales of property, plant, and equipment are to be considered investing activities

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The net income amount that is shown on three statements show $80,322 in the thousands. The three statements are operation statement, income statement, and the cash flow statement. Per all three statements the net income has decreased in the thousands over the last three fiscal years (Bethel University,

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Feel free to reach out to me if you need additional copies of the financial statements other than the ones I have provided, as well as additional clarification if any of these calculations are confusing. I understand the importance of the need to make these important

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Two methods are used, direct and indirect as they track where” cash comes from and where it goes.” If one chooses to use the direct method the indirect method must be used, as the direct methods is beneficial in forecasting future cash flow, and indirect method reconciles net income/loss and ending cash balance (Haber, & Wallace, 2017, p.53). Moreover, this statement allows one to access where help is needed. In the case of Nordstrom, they’ve used the indirect method and the largest itemized expense is in the investment activity associated with capital expenditure, this may be associated with buying fixed assets such as land, building or equipment.

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Chapter 4: Takeover Defenses- A case study of Circon In this chapter, takeover defenses mechanisms are explained with the example of Circon, a medical device maker company. Defenses against hostile takeovers A hostile takeover can be defended in various ways. Those effectively built-in defensive measures are called ‘shark repellent’.

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Arkansas Tech Arkansas Tech University was founded by act 100 of the 37th Arkansas General Assembly. it was announced on Feb. 10, 1910 that Russellville would be home to the second district Agricultural school. Arkansas Tech offers more than 100 programs of study, including 25 master 's degrees, in the colleges of applied sciences, Arts and Humanities, Business. Arkansas Tech has single sex dorms.

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Other solutions can be recommended. III. Relevant Stakeholders a. Oscar Gamble, as Shields Corporation’s Controller: high net income means security and profitability of the company; low net income may mean lay off of some employees to reduce expenses, thus somehow increasing income; b. Accounting staff : high net income means security of employment, while low net income may mean lay off of employees including the accounting staff to reduce administration expenses; c. Owners of the company: high net income means

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Numbers of Days' Sales in Inventory didn't increase nor decrease. The company has no average inventory. Ratio of Fixed Assets to Long-Term Liabilities decrease by -39.9%. This change is unfavorable. This decrease indicates the company have put themselves in twice as much as long-term debt.

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The Accounting Standards Codification (ASC) 350, Goodwill and Other, regarding testing goodwill for impairment provides an entity the option to first perform a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If an entity does a qualitative assessment and determines that this is the case, or if a qualitative assessment is not performed, it is required to perform additional goodwill impairment testing to identify potential goodwill impairment and measure the amount of goodwill impairment loss to be recognized for that reporting unit (if any). Based on a qualitative assessment, if an entity determines that the fair value of a reporting unit is more than its carrying amount, the two-step goodwill impairment test is not required. Pinnacle Financial performed its annual assessment as of September 30, 2016. The results of the qualitative assessment indicated that the fair value of Pinnacle Financial 's sole reporting unit was more than its carrying value, and accordingly, the two-step goodwill impairment test was not performed.”

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Generally, cash flow statements are divided into three main parts for reviewing the cash flow from of this three types of activities: (1) operating activities (CFO); analyzes a company’s cash flow from net income or losses. (2) investing activities (CFI); shows the cash flow from all investing activities. (3) financing activities (CFF); shows the cash flow from all financing activities. Although I discuss each financial statement separately, they are all related because any changes in assets and liabilities that on the balance sheet are also reflected in the revenues and expenses that on the income statement, which result in the company’s profits or losses. Cash flows provide more information about cash assets listed on a balance sheet and are related to net income on the income statement but not exactly the same, And so on.

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