ACCTG 101 Lecture Notes - Lecture 13: Legal Personality, Asset Turnover, Investment Banking
Document Summary
Categories of non-current assets must be listed separately as line items on the statement of financial position. Greater detail on the various assets are provided in the notes to the accounts. Ratios are computed to analyse how efficiently an entity uses its assets to generate sales. Asset turnover ratio analyses the productivity of an entity"s assets by showing the dollar of net sales produced for each dollar invested. Indirectly through an underwriter (such as an investment banking or stockbroking firm) Direct issue is typical in closely held companies. Indirect issue is typical for publicly held companies. Factors influencing new share issue price include: Shares of publicly held companies are traded on organised exchanges. Shareholders" equity section on a company"s statement of financial position consists of. Market price per share is established by interaction between buyers and sellers. All shares listed on asx can be bought and sold only through a stockbroker for a fee.
