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Accounting and Financial Reporting informaiton (Analysis of financial…
Accounting and Financial
Reporting informaiton
Cost accounting
Standard costing
COGS: Cost of good sold
Analysis of financial statement
Accounting standards
IFRS: international Financial Report Standards
statement
comprehensive income for the period
Changes in equity for the period
Cash flow for the period
Note and explanations of significant accounting policies
A revised statement of financial position ASAP if there were significant changes in accounting policy
financial position at the end of the period
components
liabilities
Equity
Income
Asset
balance sheet
Assets=Liability+Equity
Inventory valuation
obsolescence
accounts recieivable
account payable
net working capital= current asset-current liabilities
Income statement
Income=Revenue- Expenses
Profit
Profit margin
gross profit margin
Net profit
Statement of cash flow
three factors determine cash flow
sales
after-tax operating profit margins
capital requirements