Larry’s View

Larry’s view on any and everything.

Casino financial report

Financial reports are documentation provided by a company to external sources. This documentation displays a company’s financial operations over a specific period of time. Standard time periods of disclosure are quarterly and annually. Quarterly periods are every three months. Annually periods either follow a standard calendar or a pre determined fiscal year established by a company.
Casino financial reports begin with a balance sheet disclosure. A balance sheet discloses a company’s assets, liabilities and equity standings. Assets are projected financial benefits as a result of current operations. Liabilities are projected financial sacrifices as a result of current operations. Equity is what the company has to show for ownership after the liabilities have been subtracted from the assets.
Assets for a casino include cash and cash equivalents. Other assets include inventory on gaming machines and tables and the property value of those items. Liabilities entail the income taxes, gaming taxes and property taxes that casinos pay to local, state and federal governing agencies. Additional liabilities include lease expenses on gaming equipment and buildings. Equity is what shareholders in a particular casino take home after all financial obligations have been met.
The next section of a casino financial report is the income statement. This financial disclosure provides information on where a company received its revenue for a specific period of operations. For casino financial reports, the majority of income revenue will come from casino operations. This includes gaming tables, slot machines, entrance fees and club membership dues that various casino patrons elect to join.

Other revenue sources for casinos come from operating a hotel and one or more restaurants on the premises as well.
Subtracted from these figures are standard operating expenses. Examples of these would be promotional expenses, advertising expenses and costs of equipment and maintenance for casino facilities. Once these and other expenses are subtracted from the casino income, a net income figure is obtained. This tells where a casino stands financially at any given time period.
The third section of a casino financial report is the statement of cash flow. This details where revenue for casinos came from and how it was spent. The main sections here are investment, operation and standard financial activity income. In the event the casino acquired another smaller casino, goods or services within a financial time period, that information would be disclosed here as well. In addition, any financial contributions to the casino from stockholders are listed in this section.
The final section of a casino financial report is the stockholders equity statement. This section is utilized to reconcile the retained earnings of a casino for a financial time period. Key items included here are capital contributions and withdrawals and any financial adjustments made for the stockholders in the casino. This information is presented for the annual operation period of the casino.

September 28, 2008 Posted by | Blogroll, Financial Repot | Leave a comment

Auto dealership financial report terms

If in the near future you are looking to purchase a new or newer vehicle, then you will need to check out the auto dealership financial report terms on your paperwork very carefully. Knowing how your dealership handles their sales and the new clients will aid in the process of completing all the necessary paperwork in order to finalize your newest purchase. If you are comfortable with the dealership themselves then you will be comfortable with the entire transaction of purchasing your new vehicle.
Depending on your current credit score or rating, you may find a wide variety of options from dealership to dealership. Some branches in the market will only deal with new customers that have unblemished records who post the less amount of risk while others will try to settle an agreement that will suit both you and the dealership. There are even a few specific lenders out there today that specialize in new clients who have tarnished credit scores, have entered bankruptcy, or have had other past car loan terms which did not work for them.
Typically, you will need to meet a standard set of requirements regardless of your past credit history. These are basic steps in order to complete the paperwork and process your request when choosing a new vehicle. These include:
* Down payment – this amount can be negotiated with some lenders depending on the final purchase price of the vehicle or the age of the vehicle
* Proof of income – ensuring that you have a steady income will show that you are financially able to meet the obligations of a car payment
* Identification/banking information – with identity theft rising over the past few years, an organization can never be too careful when it comes to arranging large purchases, this is for their protection as well as yours
* Proof of insurance -you will have to show that you are able to provide the necessary protection for the vehicle that it requires while you are driving it
There are many other specifications that you may need to fulfill when going through your local auto dealership financial report terms, but this list is the basics that you are sure to come across when looking into purchasing a new or newer vehicle. By knowing what is expected of you before you go into the dealership, you will not be unprepared for the pertinent information that they need in order to finalize your deal.

September 28, 2008 Posted by | Blogroll, Financial Repot | Leave a comment

Annual financial report template

Financial reports are an essential part of business operations. The financial disclosures made in these reports presents a picture of the status of a company at any given time within a financial time period.
Financial reports contain information of use to internal and external sources of a company. Internal sources can utilize the financial information to determine if current financial goals are being met. External sources can utilize the information to determine whether or not making an investment in the company is a sound financial decision. External sources include potential investors, current investors, creditors, government agencies and other financial institutions.
Financial reports consist of four main sections: balance sheet, income statement, statement of cash flows and statement of shareholders equity.
Balance sheets provide information on a company’s assets, liabilities and equity standings. Assets are those items that present a favorable financial benefit to the company. These benefits are related to past or current projects that the company is involved in. Liabilities are those items that require a sacrifice on behalf of the company. This sacrifice will be made in the future based on past or current projects the company is involved in at the time of reporting. Equity refers to the residual interest that remains when liabilities have been deducted from assets. The number that remains is considered shareholder equity. This is what shareholders gain by investing in the company operations.
Income statements provide information on a company’s income and expenses for a given period of time. These items are measured by revenues, expenses, gains and losses. Revenues are the items that come into a company to fund general operations. Examples of revenues include sales, rents, interest income and stock dividends paid out. Expenses are items that a company pays out in order to do business. These expenses are a central part of company operations. Expenses include the cost of delivering goods and services, salaries and taxes. Gains and losses are direct increases or decreases in equity. Examples of a gain include rental or dividend revenue. Losses come from interest paid on financial bonds.
Statement of cash flows provide insight as to where a company obtained income, how that income was spent and what changes occurred over the current financial reporting period. Operating income relates to the income obtained from standard business operations. Investment income relates to income from collecting outstanding loans to external sources, eliminating debt and equity assets and purchasing property, plant or equipment items. Financing income relates to repayment to creditors or investments by shareholders.
The final aspect of annual financial report templates is the statement of shareholders equity. In this section, the company’s equity status and how it was affected over the course of a financial year is displayed. This is the shortest report of all four major components to an annual financial report.

September 28, 2008 Posted by | Blogroll, Financial Repot | Leave a comment

Analysis of financial annual report

Each year companies are required to produce financial annual reports. These reports can be large or small. It depends on the nature of the company, the business conducted and whether or not there are shareholders involved.
Publicly traded companies provide shareholders or stockholders with the financial annual report in a separate meeting. This gives these individuals an idea of where the company stands on a financial basis and where it is headed in the immediate future. The financial annual report provides insight into how successful a company may be at any given point during the fiscal year.
The report captures the various actions that take place within a company during a fiscal year. This may entail losses on projects, gains on other projects, stock market affects and any other financial disclosures the company deems to be relevant to its bottom line. Potential investors may also utilize a financial annual report to determine whether or not a company would be a sound financial investment.
Financial annual reports begin with an introduction section. One of the first financial disclosures made here are the financial highlights for the previous fiscal year. These highlights are broken down by company business segment. For example, an entertainment company may have segments of studio entertainment, theme parks and retail products. Figures are provided highlighting how each segment performed over the year.
Next in the introduction section is a letter to the board of directors, shareholders or stockholders. It is from the chairman or co-chairman of the board. The letter is short in nature and gives an overview of how financial dollars were spent in operations. Projections are made as to where the chairman sees the financial operations of the company going in the coming year.
The introduction section comes to a close with a brief financial review. Here any pertinent financial information is discussed such as why a company acquired a smaller sister company or recorded an unexpected loss on a project.
The second main component of a financial annual report is key business performance. This takes each of the smaller business segments and provides more detailed financial information on each. It is not just the financial successes that are disclosed. A company will provide information on a project that may have had an unexpected poor financial performance. As with other sections of the financial annual reports, projections are made for the coming year. At any time during that year, shareholders may inquire as to where the company stands on meeting financial goals disclosed in the most recent annual report.
A financial annual report comes to a close with the listings of the members who sit on the board of directors. Additional listings are made detailing the corporate officers for the various business segments that a company maintains.

September 28, 2008 Posted by | Blogroll, Financial Repot | Leave a comment

Airlines financial report

Financial reports are documentations that provide insight into the financial standings of a company. The information contained in these reports is utilized both internally and externally for a variety of purposes.
Internal company members utilize financial reports to gauge operations performance for the current fiscal year. External members utilize financial reports to gauge whether or not investing in a company is a sound financial decision. Current external investors utilize the reports to determine the amount of return on investment will be received at fiscal year end.
Financial report disclosures come in two formats. The first is standard financial statements of balance sheet, income statement, statement of cash flows and stockholders equity statements. The second format is non financial disclosure in the format of a letter from the president or chairman of the board, a press release or environmental and social actions taken by a company.
Airlines financial reports are released on a quarterly and annual basis. This is primarily due to the fact that the airline industry is a common public entity that is regulated by the government. Government monitored agencies are required to disclose financial information more frequently than the standard once a year reporting requirement of other industries.
The balance sheet presentation on the quarterly report details financial standings at the end of each quarter period. Assets are listed along with stockholder equities and the two numbers must match one another for the airline to have a solid financial standing at the end of each quarter.
The income statement reflects airline financial earnings from passenger flight revenue, freight flight revenue and other sources. The other sources may or may not be disclosed. That is left up to the discretion of the individual airline. Operating expenses for airline financial reports include things such as fuel, aircraft rental, maintenance, landing fees and depreciation.
The cash flow statements reflect income from operations, investments and financing activities. Operations income includes air traffic liability and aircraft operations. Investment income for airlines comes from any smaller airline a larger airline may conduct business with. For example, Southwest airlines receive investment income from ATA airlines. The smaller airline, ATA, runs a taxi service for the larger company and pays a portion of each ticket income to Southwest airlines. Financing activities for airlines include amortization of the cost of airplanes utilized in operational fleets.
Other airline financial reports include the annual report made to stockholders. Financial disclosures are made detailing various financial analysts who follow the airline course of business. As the SEC makes changes to airline standards or inquires into an individual airline operations, a disclosure is made to answer that inquiry.
The final piece of airline financial reports is the section detailing any possible accounting practices that do not meet generally accepted accounting principle standards.

September 28, 2008 Posted by | Blogroll, Financial Repot | Leave a comment