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    Narrative For Financial Statement PDF

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    Dwayne Ashley Silvenia
    Financial statements are important for recording a company's financial activities and performance over time. They allow investors to evaluate companies and make informed investment decisions. The financial statements of Jollibee Corporation show that its costs are decreasing during the pandemic, affecting its investments. Specifically, its balance sheet provides details on assets, liabilities, and equity, while its income statement shows revenue, costs, and expenses. Additionally, its cash flow report tracks cash inflows and outflows, which is important as the company needs sufficient cash on hand to purchase products and cover expenses. The Covid-19 pandemic has disrupted Jollibee's business by forcing some store closures but drive-thru and delivery services have helped mitigate lost sales.

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    Narrative For Financial Statement PDF

    Uploaded by

    Dwayne Ashley Silvenia
    14 views2 pages
    Financial statements are important for recording a company's financial activities and performance over time. They allow investors to evaluate companies and make informed investment decisions. The financial statements of Jollibee Corporation show that its costs are decreasing during the pandemic, affecting its investments. Specifically, its balance sheet provides details on assets, liabilities, and equity, while its income statement shows revenue, costs, and expenses. Additionally, its cash flow report tracks cash inflows and outflows, which is important as the company needs sufficient cash on hand to purchase products and cover expenses. The Covid-19 pandemic has disrupted Jollibee's business by forcing some store closures but drive-thru and delivery services have helped mitigate lost sales.

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    Narrative for financial statement.pdf

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    Financial statements are important for recording a company's financial activities and performance over time. They allow investors to evaluate companies and make informed investment decisions. The financial statements of Jollibee Corporation show that its costs are decreasing during the pandemic, affecting its investments. Specifically, its balance sheet provides details on assets, liabilities, and equity, while its income statement shows revenue, costs, and expenses. Additionally, its cash flow report tracks cash inflows and outflows, which is important as the company needs sufficient cash on hand to purchase products and cover expenses. The Covid-19 pandemic has disrupted Jollibee's business by forcing some store closures but drive-thru and delivery services have helped mitigate lost sales.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    14 views2 pages

    Narrative For Financial Statement PDF

    Uploaded by

    Dwayne Ashley Silvenia
    Financial statements are important for recording a company's financial activities and performance over time. They allow investors to evaluate companies and make informed investment decisions. The financial statements of Jollibee Corporation show that its costs are decreasing during the pandemic, affecting its investments. Specifically, its balance sheet provides details on assets, liabilities, and equity, while its income statement shows revenue, costs, and expenses. Additionally, its cash flow report tracks cash inflows and outflows, which is important as the company needs sufficient cash on hand to purchase products and cover expenses. The Covid-19 pandemic has disrupted Jollibee's business by forcing some store closures but drive-thru and delivery services have helped mitigate lost sales.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Ma.Annaiza C.

    Humilde
    BSA 2-2A
    Narrative

    Financial Statement is very important because you can record the business activities and the
    financial performance of a company. Basic financial management expertise is required for
    investment decisions. The financial statement of Jollibee corporation the amount that they cost
    or pay is decreasing because of the pandemic and the investment. Investment decisions
    required knowledge of basic financial statement, so you know if you have a more money.
    Balance sheets provide detailed information about company’s asset, liabilities, and equity.
    Income Statement shows the revenue of a company earned, costs and expenses. Since a lot of
    people are investing money in Jollibee Corp., it should be put into a cash flow stream where the
    returns will cover the risk. Cash flow report the inflow and outflows of company cash. Money is
    used for investing and it should be put into a cash flow stream where returns would
    compensate the risk taken.
    This is one of the important parts of financial statement because company needs to have
    enough cash on hand to pay for their purchase products or asset that they need for their
    company and expenses that they need to pay.
    When it comes to investment decisions, there are no hard and fast rules. Before they make
    decisions on where to invest our idle wealth, they must consider several things. The purpose of
    this financial statement is evaluating the financial performance of Jollibee Foods Corporation
    and its subsidiaries through ratio analysis. To provide a holistic approach to the analysis, the
    study includes a study of the environment in which the organization operates. It is also to know
    if there is error, profit, or loss that’s why financial statement is important so that you can
    determine if the company performed well so that they can also determine if the company can
    perform for the next financial year. They can also know what they bought and if they have a
    liability.
    Covid-19 has had an influence on the JFC Group's business activities in terms of interruptions or
    disruptions. Due to the Covid-19 epidemic, many retailers around the world were temporarily
    shuttered beginning in March 2020. The majority of the JFC Group's stores that have remained
    operational, across brands and geographies, serve consumers through takeout, drive-thru, and
    delivery business channels. Due to the shutdown of the JFC Group's eating areas, these
    business channels assisted in decreasing lost sales.
    These are following the effects of Covid-19 on the JFC Group's assets and liabilities. The
    capacity to collect on accounts with customers is still being continuously checked. Extended
    credit terms granted to franchisees have resulted in an increase in the allowance for trade
    receivables impairment. Pre-termination of closed and nonperforming stores resulted in the
    recognition of impairment losses on inventories, property, plant and equipment, and right-of-
    use assets, as well as the derecognition of right-of-use assets and lease liabilities. The forecast
    used for impairment testing of goodwill and trademarks with indefinite lives included the JFC
    Group's estimates of the potential future impact from the Covid-19 pandemic. Cash flow
    forecasts have been tweaked to account for a variety of conceivable outcomes, weighted
    according to their likelihood of occurring.

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