Unformatted text preview: ncrease of 50% in sales;
•Can be left at exactly the same value as in the 1995-6 statements
•Should be manipulated in a manner that takes into account both industry conditions and Dell ’s operational
and competitive advantages.
In evaluating which items are affected by which factors, keep in mind Dell ’s competitive advantages, the
greater trends of the industry and how these factors affect each item to determine the correct forecasting
method. Finally, remember that all numbers have to be consistent with the accounting equation ! Take-Aways
“Financial information is the heartbeat of
competitive business. Accounting keeps the
Reading financial statements and annual reports
is a required skill in 21st century U.S.
Accounting is not an exact science. Try to
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- Spring '06
- Balance Sheet, Generally Accepted Accounting Principles, international Accounting standards Board, Financial Accounting Standards Board, international Accounting standards