A recent balance sheet of Royal Dutch Shell, a huge oil and gas company that prepares financial
Question:
A recent balance sheet of Royal Dutch Shell, a huge oil and gas company that prepares financial statements using IFRS, reported the following dollar amounts (in millions)
Non-current assets $154,073
Current assets 115,397
Current liabilities 94,384
Non-current liabilities 49,118
Equity 125,968
First, formed these balance sheet sections in a manner that is used by many non-U.S. companies (see the Unilever analysis in this chapter), and then format the sections in the manner most common in the U.S. Comment on the differences, and how they highlight different concepts.
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
IFRS Format Noncurrent assets 154073 Current assets 115397 Less Current liabilities 94384 Total 1...View the full answer
Answered By
Shadrack Mulunga
I am a Biochemistry by profession. However, I have explored different fields of study. My quest to explore new fields has helped me gain new knowledge and skills in Business, clinical psychology, sociology, organizational behavior and general management, and Project Management. I count my expertise in Project management, in particular, creation of Work Break Down Structure (WBS) and use of Microsoft Project software as one of my greatest achievement in Freelancing industry. I have helped thousands of BSC and MSC students to complete their projects on time and cost-effectively using the MS Project tool. Generally, I find happiness in translating my knowledge and expertise to success of my clients. So far, i have helped thousands of students to not only complete their projects in time but also receive high grades in their respective courses. Quality and timely delivery are the two key aspects that define my work. All those who hired my services always come back for my service. If you hire my services today, you will surely return for more. Try me today!
154+ Reviews
289+ Question Solved
Related Book For 
Question Posted:
