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pecuniary Reporting Problem, Part1 ACC/290 January 23, 2011 Professors Name Financial Reporting Problem, Part1 Ameristar Casino filed its hearty classly report with the United States Securities and replace Commission for the fiscal year ending December 31, 2011 (Ameristar Casino, 2010) Ameristar classifies its ego as an owner, developer, and operator of gambling casino entertainment facilities in octette markets (Ameristar Casino, 2010). Ameristar Casino believes the familys experience makes them different from their competitors. They filtrate to maintain high vox facilities, products, time slots, food, lodging, and entertainment (Ameristar Casino, 2010). They presently own eight properties and wage 7,600 group members. Most of Ameristars revenue comes from slot railcars. They as well turn start blackjack, craps, roulette, and poker on umpteen of their properties. On February 21, 2011, the founder Craig Nielsen succumbed. Ameristar purchased 26.15 trillion shares of stock from his wife, for $457.62 million (Ameristar Casino, 2010). Ameristars thoroughgoing additions for December 31, 2010, were $2,061,542,000 (Ameristar Casino, 2010). The get assets for December 31, 2009, were $161,142,000 (Ameristar Casino, 2010). The assets are unadulterated as tangible and nonmaterial assets add value to the organization.

It is excessively a way of securing turn kayoed if needed. another(prenominal) important reason is a company protects their assets; it also reduces the risk of exposure to the business. When a company maintains tangible assets like slot machines, it saves the company form safety risks and pass of time the machine is erupt of service. When a machine is out of service, the casino loses money. Another sentry duty is protect brands and trade secrets. This is a safety visor for protecting the business from competitors trying to routine their ideas. Assets could be important by offering potential nest egg to the company. It may be cheaper to dispense a tangible asset instead of leasing it. This allows Ameristar casino to slang up-to-date...If you want to get a full essay, rig it on our website: Orderessay

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