Verified Document

Financial Statements Of Barnes And Noble And Essay

¶ … financial statements of Barnes and Noble and Borders Group for fiscal year 2009. The companies' statements provide information about their financial health, as well as discuss plans for the coming fiscal year. The balance sheet reveals detailed information about each company's assets, liabilities and owners' equity (net worth). It is based on the accounting equation Assets = Liabilities + Stockholders' Equity; the two sections of the balance sheet must equal each other just as they do in the equation. This equation represents the basic accounting premise: assets, the means used to operate the company, are balanced by a company's financial obligations, along with the equity investment brought into the company along with its retained earnings (Investopedia, n.d.).

As both the Barnes and Noble and Borders Group statements show, there are four main financial statements:

The balance sheet, which shows what a company owns and what it owes at a fixed point in time

The income statement (or statement of operations), which shows how much...

Changes in assets and liabilities that are shown on the balance sheet are also reflected in the revenues and expenses shown on the income statement, which result in the company's gains or losses. Cash flows provide more information about cash assets that are listed on a balance sheet; they are related, but not equivalent, to net income shown on the income statement. No single statement tells the complete picture of a company's financial health, but taken together they provide powerful information. (Securities and Exchange Commission, 2005).
In addition to the financial statements, both the Borders Group and Barnes and Noble statements present information included in footnotes. Both companies' footnotes describe…

Sources used in this document:
Works Cited

Investopedia Staff (n.d.). Reading the Balance Sheet. Retrieved on 4/6/2011 from http://www.investopedia.com/articles/04/031004.asp

U.S. Securities and Exchange Commission. 2007. Beginners' Guide to Financial Statements. Retrieved on 4/6/2011 from http://www.sec.gov/investor/pubs/begfinstmtguide.htm

Investor Dictionary, (n.d.). Off-balance sheet activities. Retrieved on 4/6/2011 from http://www.investordictionary.com/definition/off-balance-sheet-activities

Siegel, J.G., & Shim, J.K. (2006). Barron's Accounting Handbook. New York: Barron's Educational Series.
Cite this Document:
Copy Bibliography Citation

Related Documents

Barnes and Noble Strategic Analysis
Words: 4190 Length: 12 Document Type: Term Paper

Barnes and Noble Strategic Analysis In evaluating a business strategic positioning, the research approach relates towards Barnes & Nobles' seven main areas of focus relating towards the company's annual report, investor relations summary notices, and corporate governance. By reviewing a variety of available public company's governance, proper research can start to measure strategic approaches effectively. In doing so, the organizational vision, mission, and value statements are from the Barnes & Noble

Barnes and Noble Going to
Words: 1213 Length: 4 Document Type: Thesis

International Competitors Since the reader is quite common in Australia, it is only natural that the offering is vast, leading to the conclusion that Barnes and Noble would encounter serious competition. The general perception over the American companies varies, and a generalization is not possible to achieve. However, most readers would agree to the elimination of the bans, whilst those directly involved with the industry would not. The Australian book

Competitive Analysis: Cango, Amazon.com and Barnes and
Words: 891 Length: 2 Document Type: Capstone Project

Competitive Analysis: CanGo, Amazon.com and Barnes and Noble Amazon.com Overview - Amazon.com has surpassed all other competitors and is now the largest bookstore in the global marketing arena. Their marketing and particularly their smart algorithm has virtually ended the era of the brick and mortar bookshop and indeed changed the publishing world and the way consumer's shop. Because of their unique technological advantage, Amazon is able to switch its strategy with

Amazon and Ebay. Both Companies Were Among
Words: 2718 Length: 10 Document Type: Essay

Amazon and eBay. Both companies were among the first movers into the Internet. Amazon opened the doors to its online store in July, 1995 and completed its initial public offering in 1997. eBay was also founded in 1995 and went public in 1998. These two companies have always been among the leaders in e-commerce. Amazon began with a focus on books and music. It soon expanded its product lines

Wal-Mart's Annual Report: The Role of Ethics
Words: 1811 Length: 6 Document Type: Essay

Wal-Mart's Annual Report: The role of ethics and compliance in a business can be described as the link between the business environment and the three levels of the organization or business. These levels are the macro level, which is the national or global context of the business, the institutional level that entails the ethics that characterize a company, and the individual level ie. personal ethics in an organization. In the

Partnering With Amd Too Risky
Words: 2089 Length: 6 Document Type: Research Paper

AMD Analysis Advanced Micro Devices (AMD) is a company that has had varying fortunes and outcomes over the years. However, the last few years have been a definite downer for AMD as they are clearly moving in the wrong direction. However, rather than leave it to a quick and witty assertion, the author of this report will add some context and support for that statement. This will come in the form

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now