INTRODUCTION FINANCIAL ACCOUNTING Bangor University Transfer Abroad Programme Lecture 15 (review Ch. 5, 6 & 7)

Slides:

Advertisements

Similar presentations

Introduction to Financial Accounting Unit 6 1 Introduction to Financial Accounting Unit 6 Income Statement – Structure, Categories and Formats.

Advertisements

Accounting for Merchandise Operations Chapter 4. Income Statement Accounts Sales  Revenue account Sales discounts  Amounts deducted from sales price.

BUS 2101 Decision Making Financial Information Financial Statement Analysis Financial Statements GAAP Income Statement Statement of Cash Flow Balance Sheet.

© 2004 The McGraw-Hill Companies McGraw-Hill/Irwin Name of entity 2. Title of statement 3. Specific date 4. Unit of measure The Balance Sheet reports.

1 16. Understanding Accounting & Financial Statements.

Using Financial Records Cash flow and Final Accounts Every business needs to record… -Cash Flow -Profit -Net Worth.

Accounting and Financial Reporting Entrepreneurship & Small Business Management.

Accounting 11 Financial Statements COPY YELLOW TEXT.

The CASH FLOW Statement (Statement of changes in financial position) Text Chapter 18, Pages , Practice Questions: 1.BE18-1, BE18-2, BE18-3,

Financial Statements Q&A. Name a type of Financial Statement?

Welcome to the Accounting Flashcards Tool. This is designed as a simple supplementary resource for the textbook ‘Short Introduction to Accounting’, and.

Statement of Cash Flows: Direct Method Chapter 13 McGraw-Hill/Irwin © 2009 The McGraw-Hill Companies, Inc.

FINANCIAL ACTG. - BUS SPRING 2015 Session 8 Merchandising Operations.

USING THE INFORMATION IN THE FINANCIAL STATEMENTS Financial ratios are calculated to evaluate the short-term liquidity of a company. These ratios include.

1 Understanding the Financial Statements Lecture No.35 Professor C. S. Park Fundamentals of Engineering Economics Copyright © 2005.

Acquiring and Organizing Management Information Chapter 3.

Essential Standard 4.00 Understanding the role of finance in business. 1.

Financial Documentation Entrepreneurship Business Plan.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 6-1 The Nature of Merchandise Inventory.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 6-1 The Nature of Merchandise Inventory Flow of inventory costs Effects of errors in.

Copyright © 2014 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.

IHG Cash flow statement. Cash flow statement- operations.

Statement of Cash Flows ACT 201 Lecture By: Ms. Adina Malik Chapter 17.

Cash Flow Cash flow through your business as a result of three activities: – Operations – Investments – Finances We will only deal with cash flow relating.

© 2014 Cengage Learning. All Rights Reserved. Learning Objective © 2014 Cengage Learning. All Rights Reserved. LO5 Prepare a statement of cash flows for.

Chapter 4 Accounting for Merchandising Businesses.

Ch. 3 - Understanding Financial Statements and Cash Flows , Prentice Hall, Inc.

Welcome to the Accounting Flashcards Tool. This is designed as a simple supplementary resource for the textbook ‘Short Introduction to Accounting’, and.

Controlling and Reporting Merchandise Sales Inventory Quantities Inventory Costs Financial Statements Unsold Inventory Balance Sheet Sold Inventory Income.

Sunday, February 21, Accounting 525 Presentation Budgeting: Operational Planning.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 4-2 Interim Departmental Statement of Gross Profit.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 4-2 Interim Departmental Statement of Gross Profit.

Chapter 15 Financial Statement Analysis. Introduction How can we determine:  The ability of an organization to pay loans?  Whether we are earning a.

E5-2 Example. a) Pippen Company Transactions 1.DRCR Accounts Receivable400,000 Sales Revenue400,000 - To record sale on account Cost of Goods Sold320,000.

PREPARE THE FOUR FINANCIAL STATEMENTS 1. INCOME STATEMENT 2. RETAINED EARNINGS STATEMENT 3. BALANCE SHEET 4. CASH FLOW STATEMENT.

Answer of ch 2 Cash flow. E12-2 Understanding the Computation of Cash Flows from Operating Activities (Indirect Method) Suppose your company sells services.

Indicator 2.03 Implement accounting procedures to track money flow and to determine financial status.

Chapter 4 Accounting for Merchandising Businesses.

M ERP (Enterprise Resources Planning)

Equivalence Calculations with Continuous Payments

Equivalence Calculations with Continuous Payments

Introduction to Accounting and Business

Extending Financial Statement Information on a Work Sheet

How to do Cash Flow Statements

Financial statements for a corporation

LESSON 6-1 The Nature of Merchandise Inventory

© 2015 Cengage Learning. All Rights Reserved.

Statement of Cash Flows

INCOME STATEMENT INFORMATION ON A WORK SHEET

INVENTORY (Pengelolaan Persediaan)

Chapter 3 Financial Statements

LESSON 18-3 Completing the Statement of Cash Flows

INVENTORY (Pengelolaan Persediaan)

ESTIMATING ENDING MERCHANDISE INVENTORY

LESSON 4-2 Interim Departmental Statement of Gross Profit

Perpetual Inventory Activity

FLOW OF INVENTORY COSTS

Lesson L060089: Developing a Statement of Cash Flows

BUSINESS HIGH SCHOOL-ENTREPRENEURSHIP

Extending Financial Statement Information on a Work Sheet

Even More Financial Ratios

LESSON 6-3 Extending Financial Statement Information on a Work Sheet

INTRODUCTION FINANCIAL ACCOUNTING Bangor University Transfer Abroad Programme Lecture 10 (review Ch. 2 & 4)

Example Exercise 3 Cash or On Account

Extending Financial Statement Information on a Work Sheet

LESSON 18-3 Completing the Statement of Cash Flows

Extending Financial Statement Information on a Work Sheet

1. Recognized $80,000 of revenue on account.

Principal Balance January 1

Presentation transcript:

INTRODUCTION FINANCIAL ACCOUNTING Bangor University Transfer Abroad Programme Lecture 15 (review Ch. 5, 6 & 7)

Cash Flow Statement

Analysis of Effects Operating Transactions

Analysis of Effects Investing Activities

Analysis of Effects Financing Activities

Type of Transactions (Operating)

Type of Transactions (Investing)

Type of Transactions (Financing)

Cash sales (terms)

Net Sales

Internal Controls for Cash

Calculation Allowance (percentage of sales

Inventory relation

Inventory system

Perpetual and Periodic Records

Inventory Validation Methods

Inventory Systems (an example)