Questions from Financial Reporting

Q: Why could a review of savings deposit balances be important when reviewing

Why could a review of savings deposit balances be important when reviewing a bank’s financial statements?

Q: Why review the note that describes commitments and contingent liabilities for a

Why review the note that describes commitments and contingent liabilities for a bank?

Q: On October 15, 1990, United Airlines (UAL Corporation)

On October 15, 1990, United Airlines (UAL Corporation) placed the largest wide-body aircraft order in commercial aviation history—60 Boeing 747-400s and 68 Boeing 777s—with an estimated value of $22 b...

Q: There are other acceptable methods of recognizing revenue when the point of

There are other acceptable methods of recognizing revenue when the point of sale is not acceptable. List and discuss the other methods reviewed in this chapter, and indicate when they can be used.

Q: Utilities are usually very highly leveraged. How is it that they

Utilities are usually very highly leveraged. How is it that they are able to carry such high levels of debt?

Q: How does demand for utilities differ from demand for other products or

How does demand for utilities differ from demand for other products or services?

Q: For regulated utilities, why are plant and equipment usually listed first

For regulated utilities, why are plant and equipment usually listed first for utilities?

Q: Are inventory ratios meaningful for utilities? Why?

Are inventory ratios meaningful for utilities? Why?

Q: What does the funded debt to operating property ratio measure for a

What does the funded debt to operating property ratio measure for a utility?

Q: Is times interest earned meaningful for utilities? Why or why not

Is times interest earned meaningful for utilities? Why or why not?