{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

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

Info icon This preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
Communicating and Interpreting Accounting Information Chapter 6
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
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
Image of page 2
Financial Disclosures Financial Statements Accounting Tricks
Image of page 3

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Papa John’s Papa John’s is one of the fastest-growing pizza
Image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

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...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern