Slide 13.1 Frank Wood and Alan Sangster, Business Accounting, Volume 2, 11 th Edition, © Pearson Education Limited 2008 Assets: Non-current (a)Property,

Slides:

Advertisements

Similar presentations

1 Processing, Reporting and Auditing Financial Accounts Components of Financial Statements Week 1.

Advertisements

Chapter 25 Bad debts, allowances for doubtful debts, and provisions for discounts on accounts receivable.

Chapter 8 Statements of financial position

STATEMENT OF CASH FLOWS

Frank Wood and Alan Sangster, Frank Wood’s Business Accounting 1, 12 th Edition, © Pearson Education Limited 2012 Slide 2.1 Chapter 2 The double entry.

Chapter 33 Suspense accounts and errors

1 Republic of Macedonia-ESM EVN Income statement For the year ended 31 December _____ Note Current year Previous year Revenues Electricity revenues Other.

BALANCE SHEET STATEMENT OF FINANCIAL POSITION KEY CONCEPTS ASSETS = LIABILITIES + OWNER EQUITY ASSETS AND LIABILITIES ARE CLASSIFIED AS EITHER CURRENT.

2006 Cash Flow Statement Sources of cash: Beginning cash balance Cash receipts from product sales Other sources of cash Total sources of cash Uses of cash:

P1–1. Req. 1 NUCLEAR COMPANY Income Statement For the Year Ended December 31, 20A Total sales revenue (given)$ Total expenses (given) Pretax income.

Frank Wood’s Business Accounting 1 Twelfth Edition

Financial Statement Presentation Statement of Cash Flows

Frank Wood and Alan Sangster, Frank Wood’s Business Accounting 1, 12 th Edition, © Pearson Education Limited 2012 Slide 19.1 Chapter 19 Value added tax.

Frank Wood and Alan Sangster, Frank Wood’s Business Accounting 1, 12 th Edition, © Pearson Education Limited 2012 Slide 17.1 Chapter 17 The journal.

Frank Wood and Alan Sangster, Frank Wood’s Business Accounting 1, 12 th Edition, © Pearson Education Limited 2012 Slide 10.1 Chapter 10 Accounting concepts.

Chapter 39 Statements of cash flows

Frank Wood and Alan Sangster, Frank Wood’s Business Accounting 1, 12 th Edition, © Pearson Education Limited 2012 Slide 24.1 Chapter 24 Capital expenditure.

Chapter 27 Double entry records for depreciation

AGEC 489/689 Spring 2009 Detailed View of Financial Statement Linkages Slide Show #3.

Frank Wood and Alan Sangster, Frank Wood’s Business Accounting 1, 12 th Edition, © Pearson Education Limited 2012 Slide 11.1 Chapter 11 Books of original.

The Cash Flow Statement

Learning objectives After you have studied this chapter, you should be able to: Adjust expense accounts for accruals and prepayments Adjust revenue accounts.

Chapter 25 - SMALL AND MEDIUM-SIZED ENTITIES

ACTG CHAPTERS 3 & 16 PRESENTATION OF FINANCIAL STATEMENTS (IAS1) AND STATEMENT OF CASH FLOWS (IAS 7)

ACCOUNTING FOR COMPANY STATEMENT OF FINANCIAL POSITION (ASSETS)

ACTG 6580 Chapters 4 and 5 – Income Statement, Statement of Financial Position, and Statement of Cash Flows.

Balance Sheets Analyzing Assets, Liabilities, & Equity.

The Statement of Cash Flows Chapter 4 The Statement of Cash Flows Answers u u How Much Cash Was Provided by Operations u u What Amount of Property and.

Classified Balance Sheet Data grouped according to major categories Makes it easier to analyze the information on the balance sheet.

Analysis of Financial Statements Balance sheet as per revised schedule VI Financial Statements are the end result of the accounting process. These are.

CA BUSINESS SCHOOL EXECUTIVE DIPLOMA IN BUSINESS AND ACCOUNTING SEMESTER 2 LKAS 01 PRESENTATION OF FINANCIAL STATEMENTS M B G Wimalarathna (FCA, ACMA,

Chapter 17-1 Chapter 17 Statement of Cash Flows Accounting Principles, Ninth Edition.

Needles Powers Principles of Financial Accounting 12e The Statement of Cash Flows 15 C H A P T E R ©human/iStockphoto.

MEASURING AND REPORTING FINANCIAL POSITION

UNIT C ECONOMIC FOUNDATIONS AND FINANCING 6.01 Compare records used in business.

1 Chapter 9 Analysis of Financial Statements. 2 I. General Accounting Principles A. Reliability B. Understandability C. Comparability.

1 The Accounting Cycle 1 - Journalize transactions. 2 - Post entries to the ledger accounts. 3 - Prepare un- adjusted trial balance. 4 - Make end- of-year.

1 Balance Sheet by Binam Ghimire. Learning Objectives 1.The Finance Decision 2.The Investment Decision 3.The Recognition of Items in the Balance Sheet.

Slide 10.1 Wood and Sangster, Frank Wood's Business Accounting Volume 1 Power Points on the Web, 11 th Edition © Pearson Education Limited 2008 Objectivity.

Chart of Accounts.

Preparation of Financial Statements- LKAS 1

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

30-1 Copyright  2007 McGraw-Hill Australia Pty Ltd PPTs t/a Australian Financial Accounting 5e by Craig Deegan Slides prepared by Craig Deegan Chapter.

Overview of IFRS & Presentation of Financial Statements The Institute of Chartered Accountants of India (Set up by an Act of Parliament)

SEMINAR ON IFRS by THE INSTITUTE OF COMPANY SECRETARIES OF INDIA

Slide 12.1 Frank Wood and Alan Sangster, Business Accounting, Volume 2, 11 th Edition, © Pearson Education Limited 2008 Financial statement formats The.

Slide 8.1 Wood and Sangster, Frank Wood's Business Accounting Volume 1 Power Points on the Web, 11 th Edition © Pearson Education Limited 2008 No double.

Slide 27.1 Frank Wood and Alan Sangster, Business Accounting, Volume 2, 11 th Edition, © Pearson Education Limited 2008 Ratios and interested groups.

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

McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 1 Accounting and Business.

IAS 1– Presentation of Financial Statement By : Mehul Shah

Tesco Plc Hijra Liou 3AFA. More about Tesco… British grocery and general merchandise retailer founded in 1919 by Jack Cohen third largest retailer 12.

ALP101-G ACCOUNTING CONCEPTS, PRINCIPLES AND PROCEDURES.

Financial Statements and Closing Procedures Section 1: Preparing the Financial Statements Chapter 13 Section Objectives 1.Prepare a classified.

Frank Wood and Alan Sangster, Frank Wood’s Business Accounting 1, 12 th Edition, © Pearson Education Limited 2012 Slide 35.1 Chapter 35 Single entry and.

 Students are able to explain the components of a balance sheet and create a balance sheet.

CASH FLOW STATEMENT  design to provide information about the change in an enterprise’s cash and cash equivalents.

ACCT 212 Week 1 to 7 All Discussion Questions Check this A+ tutorial guideline at

STATEMENT OF CASH FLOWS Prepared by James R. Reap

Chapter 8 – Financial Statements for a Proprietorship

Chapter 7 Financial Statements.

(2) Statement of Cash Flows

FINANCIAL STATEMENT ANALYSIS

FINANCIAL STATEMENT ANALYSIS

FINANCIAL STATEMENT ANALYSIS

Chapter 7 Financial Statements.

Financial Statements.

Understanding the financial statements required by IAS 1

Accounting for Assets Cash Flows.

Presentation transcript:

Slide 13.1 Frank Wood and Alan Sangster, Business Accounting, Volume 2, 11 th Edition, © Pearson Education Limited 2008 Assets: Non-current (a)Property, plant and equipment; (b)Investment property; (c)Intangible assets; (d)Financial assets; (e)Investments accounted for using the equity method; (f)Biological assets; (g)Deferred tax assets.

Slide 13.2 Frank Wood and Alan Sangster, Business Accounting, Volume 2, 11 th Edition, © Pearson Education Limited 2008 Assets: Current (a) Inventories; (b) Current tax assets; (c) Trade and other receivables; (d) Cash and cash equivalents.

Slide 13.3 Frank Wood and Alan Sangster, Business Accounting, Volume 2, 11 th Edition, © Pearson Education Limited 2008 Liabilities (a)Trade and other payables; (b)Provisions; (c)Financial liabilities; (d)Liabilities for current tax; (e)Deferred tax liabilities; (f)Liabilities included in disposal groups classified as held for sale.

Slide 13.4 Frank Wood and Alan Sangster, Business Accounting, Volume 2, 11 th Edition, © Pearson Education Limited 2008 Equity (a)Issued capital; (b)Reserves attributable to owners of the parent; (c)Minority interest.

Slide 13.5 Frank Wood and Alan Sangster, Business Accounting, Volume 2, 11 th Edition, © Pearson Education Limited 2008 Fundamental accounting principles The following accounting principles must be followed when preparing company financial statements: 1.A company is presumed to be a going concern. 2.Accounting policies must be applied consistently from year to year. 3.The prudence concept must be followed. 4.The accruals concept must be observed. 5.Each component item of assets and liabilities must be valued separately. 6.Amounts in respect of items representing assets or incomes may not be set off against items representing liabilities or expenditure.