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Macy's Accounting Principles

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a) Accounting policies and comparison with international accounting standards: Net sales, cost of sales, gross margin, expense, operating income, interest income, taxes, cash, assets, long-term and short-term liabilities, Properties, common stock dividends, total shareholder’s equity are all the accounting policies. All of those and other financial data be used in preparing the Macy’s financial reports. In the section of the common stock. The company’s Board of Directors has the discretion of the declaration and payment of future dividends. The financial data and the information provided in the analysis of the financial situation are following the accounting principles (GAAP). Some other data and results which are not accepted GAAP but related
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Comprehensive Analysis Liquidity Liquidity is defined as the ability to convert assets quickly into to cash (Liquidity, 2014). A good standing liquidity is good for companies as well as investors and lenders to the company. For the company it’s a great indication as to whether it will meet short term maturing obligations or not. For creditors and investors, a good standing liquidity portrays the ability of how quick a company can pay off debts. Current Ratio (Current assets ÷ Current liabilities)

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The paper is about the company American Eagle Outfitters, Inc. Throughout the paper will explain different products American Eagle sell. Balance sheet, Income statements, and Cash flow statement are important to any business. , Net income is cash the company have after all transactions. This paper will discuss the company American Eagle Outfitters, Inc.

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The types of products American Eagle Outfitters, Inc, sells are women, men, and children’s clothing and accessories. The target customers are people in an age range from fifteen to twenty-five. American Eagle Outfitters, Inc also has a women’s store named aerie that sells women’s appeal. Women that need that confidence boost or to make themselves feel attractive that can shop at aerie for that special offer (Bethel University, 2017).

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Lowe 's has taken on large amounts of debt in the years leading up to April 2016. For the fiscal year ended January 2016, Lowe 's held $11.5 billion in long-term debt and $1.06 billion of current maturities of long-term debt. The majority of Lowe 's long-term debt is included of unsecured notes with interest rates ranging from 3.13% to 6.76% and maturity dates ranging from fiscal 2020 to 2045. Rising debt liabilities have complemented increasing financial leverage as Lowe 's has relied more on debt financing among low interest rates. The company 's debt-to-total-capital ratio was 0.62 in January 2016 which is bigger than 0.53 in 2015 and 0.47 in 2014.

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In this assignment, I will be evaluating how appropriate business information is for John Lewis which is used to make strategic decisions. One piece of business information used by John Lewis is its annual reports which displays their sales performance during the financial year. They also included other written information on their reports such as investments for the future, how they manage their responsibilities and methods in which they maintain customer satisfaction. (http://www.johnlewispartnership.co.uk/content/dam/cws/pdfs/financials/annual%20reports/JLP-annual-report-and-accounts-2014.pdf).

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Week Two A. What type of product does it sell? American Eagle Outfitters is a retail company that strives to reach out to 15 to 25-year-old men and women. They offer high quality clothing, accessories, and personal care products at very affordable prices. Pants, shorts, sweaters, fleece, outerwear, graphic tee shirts, footwear, and various styles of accessories are the types of products they offer (Bethel University, 2017). B.

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Companies all over the globe will experience some sales and profit decrease. Home Depot in the growing housing industry benefited greatly from the houses being built. The accounting concept portrayed in this situation for home depot is called operating leverage. Operation leverage is when managers view a small change in revenue and magnify it to dramatic changes in revenue (Edmonds, Tsay, & Olds, 2011). With a decrease in the market for construction materials, Home Depot is experiencing a 3% decrease revenue and a 21% decrease in profitability.

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An income statement reflects the details of revenue and expenses over a defined period of time that’s prepared and adjusted on a monthly basis (Todd & Macy, 2016). Nordstrom’s list the Income Statement as a Consolidated Statement of Earnings that visually reflects three distinct years of revenue and expenses that can be compared. Admittingly, having previous years listed was helpful when comparing numbers from 2014 through 2016. When comparing each year, the numbers demonstrate that they had a 2.2% increase in sales in 2016 compared to 2015, and a 9.3% increase to 2014.

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Also many companies reporting related to the state of the value added or environmental information, these are concentrated in industrial sectors. The financial statements reflect the financial position of company, financial performance and cash flows of the company, it is significant to note that the correct depiction of the impacts of transactions and other events and circumstances according to the explanations and criteria identification of assets, liabilities, income and expenses go in the same outline (Brealey,

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Introduction During the four-year study in the program of Accounting and Finance, I have gained the professional knowledge, and also obtained the precious experiences in life. This year, I have learned a lot during the process of the working on the capstone project. In order to have a deep understanding of myself, the essay will make a summary of the capstone project and myself.

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 Income data (experiences, estimates of sales, fund rising, membership etc and planned activities).  Data come from previous budgets, estimates, experience of others and public available statistics. I was also able to identify the main uses of accounting and these are as follow:  Information All organizations need to keep records of their financial transactions so that they can access Information about their financial position, including: summary of income and expenditure, the outcome of all operations, assets and liabilities.

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