Chapter_6 - delivery and carry-out restaurant chains....

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Communicating and Interpreting Accounting Information Chapter 6
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Characteristics of Information Relevant Feed back/ predictable value of the past Reliable Verifiable – independent observers will have the same value Number has to be neutral and non bias Representational faithfulness-measures what it claims to measure Comparable Similar accounting methods are used across the company Consistent Using the same accounting methods over time
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Financial Disclosures Financial Statements Accounting Tricks
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Papa John’s Papa John’s is one of the fastest-growing pizza
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Unformatted text preview: delivery and carry-out restaurant chains. Selected income statement and balance sheet amounts (in thousands) for two recent years are presented below. Current Year Prior Year Net income $ 26,853 $ 18,614 Average owners’ 232,988 196,352 equity Financial Disclosures • MD&A – Management discussion and analysis • Press Releases – Quarterly sales – Annual income – Major contracts – Signing of new distributor • Pro Forma Earnings – A number calculated not using GaaPs...
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This note was uploaded on 04/02/2010 for the course AFM AFM 101 taught by Professor Kennedy during the Fall '09 term at Waterloo.

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Chapter_6 - delivery and carry-out restaurant chains....

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