recording transactions and preparing financial statements

... are determined determined 3 ­ 33 P  3 Preparing Financial Statements Let’s use FastForward’s adjusted trial balance to prepare the company’s financial statements 3 ­ 34 P  3 Prepare the Income ... Chapter Adjusting Accounts and Preparing Financial Statements PowerPoint Authors: Susan Coomer Galbreath, Ph.D., CPA Charles W Caldwell, ... Basis Cash Basis Revenues are recognized when earned and expenses are recognized when incurred Revenues are recognized when cash is received and expenses are recorded when cash is paid Non-GAAP...

Ngày tải lên: 14/10/2020, 14:07

... consolidated financial statements Appendix 1: Comparison with IAS 27, Consolidated and Separate Financial Statements Indian Accounting Standard (Ind AS) 27 Consolidated and Separate Financial Statements (This ... Standard (Ind AS) 27 Consolidated and Separate Financial Statements Contents Paragraphs Scope 1-3 Definitions 4-8 Presentation of Consolidated Financial Statements 9-11 Scope of Consolidated Financial ... in paragraph 5, separate financial statements are those prepared and presented in addition to the financial statements referred to in paragraph 5. Separate financial statements need not be appended...

Ngày tải lên: 23/03/2014, 03:20

... the accompanying financial statements of WILLERFUNDS and of each of its sub-funds, which comprise the statement of net assets and the securities portfolio as at 31 December 2010, and the statement ... statement of operations and changes in net assets for the year then ended and a summary of significant accounting policies and other explanatory notes to the financial statements Board of Directors ... responsibility for the financial statements The Board of Directors of the management company is responsible for the preparation and fair presentation of these financial statements in accordance...

Ngày tải lên: 20/06/2014, 06:20

... drawings and capital accounts 4 Balancing accounts and preparing financial statements Work though the questions very carefully Make sure that you understand the answer to Question 3 and can ... APPROACHING PREPARING FINANCIAL STATEMENTS The paper develops the foundations of accounting techniques and places particular emphasis on: • The operation of financial accounting systems • Preparing ... accaqueries@bpp.com . 7 Overview of Preparing Financial Statements The paper aims to test your ability to: • Describe the role and function of external financial reports and identify their users •...

Ngày tải lên: 28/06/2014, 22:20

... accaqueries@bpp.com . 7 Overview of Preparing Financial Statements The paper aims to test your ability to: • Describe the role and function of external financial reports and identify their users • ... APPROACHING PREPARING FINANCIAL STATEMENTS The paper develops the foundations of accounting techniques and places particular emphasis on: • The operation of financial accounting systems • Preparing ... accounting; users of financial statements 2 The main financial statements Pay particular attention, as it is essential background information. Composition of published financial statements 3...

Ngày tải lên: 06/08/2014, 10:20

... drawings and capital accounts 4 Balancing accounts and preparing financial statements Work though the questions very carefully. Make sure that you understand the answer to Question 3 and can ... input and output sales tax • Lack of understanding of the treatment of sales tax in the income statement and the balance sheet 12 Study Period 7 From trial balance to financial statements ... sheet and income statement • Failing to appreciate the differences between current and non-current assets, and current and non-current liabilities 8 Study Period 4 Sources, records and...

Ngày tải lên: 06/08/2014, 10:20

... Session 2: Double entry, assets and liabilities Session 7: Incomplete records and sales tax Learn interactively BPP i-Learn/BPP Virtual Campus Module 3 and 10 (VAT) Improve your study skills ... preparation question. You must know and understand the basic rules of IAS 16. Discursive questions may be set, requiring the explanation of the purpose of depreciation and the factors that need to ... of goods sold, accruals and prepayments. Section Approach Essential points 1 Cost of goods sold Work through carefully. Adjustments for closing inventory 2 Accruals and prepayments Pay particular...

Ngày tải lên: 06/08/2014, 10:20

... non-current assets which cost $12,000 three years ago and are being depreciated at 25% per annum. It has receivables of $2,100 and payables of $1,600 and has paid $500 in advance for local taxes. ... D $3,463.60 7 On 1 January 19X9 Davies Co owned freehold land and buildings which had cost $500,000 (building element $200,000) and had a net book value of $460,000. On 31 December 19X9 this ... trade and settlement discounts and their accounting treatments 3 The operation of control accounts Pay particular attention to this section. Typical entries to the receivables and payables...

Ngày tải lên: 06/08/2014, 10:20

... basis on which standards are built – if you do not understand the theory, then you will find it difficult to understand what the standards are for • Confusion between provisions and contingencies ... This is a key area for discussion questions and has been examined in the pilot paper and both full exams. Be prepared to discuss the ideas behind the standards. Reading three chapters together ... non-current assets and 16 Events after the balance sheet date and contingencies. Section Approach Essential points Chapter 10 Read through carefully. IAS 1, other important concepts and conventions...

Ngày tải lên: 06/08/2014, 10:20

... partnerships and sole traders and limited liability companies 2 Preparing partnership accounts Pay particular attention to this section. Use of the appropriation account; current and capital ... Cash flow statements can form an entire question or part of a discursive question. It is important that you are able to discuss the need for cash flow statements and the advantages and disadvantages, ... 20 Cash flow statements. Section Approach Essential points 1 IAS 7 Cash flow statements Read through this section carefully. Layout of the cash flow statement and notes 2 Preparing a...

Ngày tải lên: 06/08/2014, 10:20

... RATIOS • Understand the information provided by the current ratio and the debt ratio Liquidity and Solvency Ratios measure the ability to meet financial obligations and the level of financial risk ... assets and the financing of those assets 6e Balance Sheet Page 57 Chapter ACTIVITY 20 Purpose: ANALYSIS OF YUM! BRANDS • Understand and interpret amounts reported on the balance sheet YUM! BRANDS ... Balance Sheet Page 55 Chapter ACTIVITY 19 Purpose: ANALYSIS: COMMON-SIZE STATEMENTS • Prepare common-size statements and understand the information provided The Common-Size Balance Sheet compares...

Ngày tải lên: 28/02/2019, 15:48

... consolidated financial statements, and presents only separate financial statements, complies with paragraphs 38–43 Scope of consolidated financial statements 12 Consolidated financial statements ... prepares separate financial statements, those separate financial statements shall disclose: (a) the fact that the statements are separate financial statements and the reasons why those statements are ... ACCOUNTING STANDARD 27 CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS SCOPE 1–3 DEFINITIONS 4–8 PRESENTATION OF CONSOLIDATED FINANCIAL STATEMENTS 9–11 SCOPE OF CONSOLIDATED FINANCIAL STATEMENTS...

Ngày tải lên: 05/02/2020, 10:20

... Great Britain and Northern Ireland and the Indian Railways) (Walmart, 2022) Identify the strengths and weaknesses of the company         2.1 Strengths Walmart has a lot of strengths and one of them ... pregnant women), the elderly, people with disabilities, and poor employee health policies And the last one is negative publicity and poor brand reputation (Osterndorf, 2015) II Qualitative analysis ... profitability.  Due to the effects of the COVID-19 pandemic, both Walmart and Target have generally experienced ups and downs, but overall in 2020 and 2021, Target's net profit is higher than Walmart's,...

Ngày tải lên: 12/11/2022, 04:50

... ASSIGNMENTAnalyze the 2020, 2021 and 2022 Financial Statements of PNJSubject: Principles of Accounting Code: ACC101 Trang 2III Financial Ratio of PNJ from 2020 to 2022……… ………81 Calculation of financial ratios………82 ... PNJ's timely and effective actions in theF5-Refresh process were highly evaluated and honored by Talentnet for itsoutstanding HR policies in responding to Covid Moreover, the new brandSTYLE By ... journey to become a professional retailer andinitiated a multi-brand distribution strategy with the collaboration of Pandora.The integration of international brands throughout the system helps PNJ...

Ngày tải lên: 13/05/2024, 14:52

... bring outstanding financial performance.2 Vision – mission:2.1.Vision – flavor your life:Become the no.1 food corporation in vietnam and expand to southeast asia by “flavoring your life” and “filling ... KIDO continues to maintain and develop its leading position in the frozen industry with Ice-Cream, Milk & Dairy products and expands its product portfolio to the food and beverage industry mainly ... across a wide array of products such as confectionery, cookies and ice - cream under the KIDO brand name.In 2015, aiming to expand and develop into essential food, KIDO Group was officially established...

Ngày tải lên: 14/05/2024, 15:38

... _ the currency to the dollar at a lower level, and the gap between the official and unofficial rates has narrowed The official rate currently stands at around KF35 Despite the improved ... euro fifty One -and- half-euros One euro fifty cents One euro and fifty cents One point fifty euros One point five euros A euro with fifty 33 For reference see A & C Black Banking and Finance (978-07136-7739-3) ... news B Look at the exchange rate chart, and write words or numbers into the spaces At the moment there are _ euros to the pound The pound is standing _ _ against the dollar...

Ngày tải lên: 02/11/2013, 10:20

... directives in English and Vietnamese and the author at the same time at Oxford University in the 1940s and 1950s presents the similarities and differences between English and 2.2.2 The Classification ... directives with their syntactic and pragmatic features in directives, and commissives English and in Vietnamese And the study has not denoted the 2.2.3 Direct and Indirect Speech Acts influence ... characteristics and their unique culture is reflected in language in different ways both in form, content and quality This makes me want to find, identify, classify, and find What are the syntactic and pragmatic...

Ngày tải lên: 26/11/2013, 13:21

... activities and financial affairs, assessment of expected progress on activities and financial affairs, report on significant events in the financial year; (b) with regard to financial and other ... secure and harmonised EU framework for monitoring and supervising the risks that AIFM pose to their investors, counterparties, other financial market participants and to financial stability; and ... efficiency and investors stem primarily from the conduct and organisation of the AIFM and certain other key actors in the fund governance and value-chain (depositary bank where relevant and valuation...

Ngày tải lên: 19/02/2014, 09:20

... was more careful, involving separating out real and imaginary, and then positive and negative parts of the summand Adding positive parts separately and then negative parts separately to avoid roundoff, ... 2+|1+q| }, lim Hqk (z) = Hq (z) k→∞ ≥ and let q be a primitive ρ(qk ) > 2−2/ , th root of unity, and k ≥ Let Ω1 and Ω2 be open connected sets with Ω1 ⊆ Ω2 and Ω1 containing a branchpoint of Hq ... Partitions and Ramanujan’s continued fraction, Duke Math J 39 (1972), 789–791 [22] W B Jones and W J Thron, Continued Fractions: Analytic Theory and Applications, Encycl of Math and its Applications...

Ngày tải lên: 22/03/2014, 15:21

... productspecific standards are the top-level standards and take precedence over type A and B standards Type C Product specific Generic Type B Basic Type A Figure 1.10 Types of Standards and Directives ... AND NEW APPROACH DIRECTIVES Historically, the majority of European product safety, machinery, and EMC standards are traceable back to their German standards origin and thousands of German standards ... machinery the B standards are further divided into B1 and B2 standards 1.5.2.1 B1 Standards These apply to particular aspects, such as surface temperatures and safety distances 1.5.2.2 B2 Standards These...

Ngày tải lên: 18/04/2014, 12:29