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Financial Position, Financial Position - Coggle Diagram

- - - - Cash and Cash Equivalents
        
        Cash on Hand
        
        Petty Cash Fund
        
        Cash in Bank
        
        Cash equivalent - bought 3 months or less before maturity
        
        3-month BSP Treasury Bill
        
        3-Y BSP BSP TBill
        
        3 - month time deposit
        
        3-month money market instrument
        
        addl. - Preference shares acquired 3 months before specified redemption date
      - Financial assets at fair value through profit or loss, such as trading investments and other investments in quoted equity instruments
        
        Debt and Equity Securities purchased with the intent of selling "near term" or very soon in order to generate short-term gain
      - Trade and other receivables
        
        3.Expected to be realized within 12 months
        Short-term Non-trade Receivables:
        a- claims other than sale of merchandise or services in the ordinary course of business.
        
        Curr Ass if collectible within one year from the end of reporting period, the length of the opcy withstanding
        
        4.R,S,C within normal opcy or one year, whichever is longer
        Trade receivables
        Inventories
        Prepayments(ex. prepaid expenses)
      - 4a. Inventories
      - 4b. Prepaid Expenses
      - PAS 1. par 66.PAS 1,
        
        asset is cash of CE
        
        held for trading
        
        expect to realize within 12 months after rep(.)
        
        expect to relize the asset/intends to sell or consume it within the entity's opcy.
      - PAS 1, paragraph 54 listed in in the statement of Fpos(order of liquidity) as minimum are:
    - - Property, Plant, and Equipment(12)
        PAS 16, par 6 aka Fixed Assets
        
        Land
        
        Land Improvement
        
        Building
        
        Machinery
        
        Ship
        
        Aircraft
        
        Motor Vehicle
        
        Furniture and fixtures
        
        Office equipment
        
        Patterns, molds and dies
        
        Tools
        
        Bearer plants
      - Long-term investments(8)
        
        Definition: The International Accounting Standards Committee defines investment as an asset held by an entity for the accretion of wealth through capital distribution, such as (1)interest, (2)royalties,(3)dividends and (4)rentals, for (a)capital appreciation or for (b)other benefits to the investing entity such as those obtained through trading relationship.
        -intended to b held for more than 1-year.
        
        Investments in shares
        
        Investments in bonds
        
        Investments in subsidiaries
        
        Investments in associates
        
        Investments in funds such as sinking fund, plant expansion fund and preference share redemption fund
        
        Investment property
        
        Cash surrender value of life insurance policy
        
        Investment in joint venture
      - Intangible Assets
        PAS 38, par 8
        
        Def: (1)identifiable nonmonetary asset without physical substance, (2)controlled by the entity as a result of past event, (3)expected to provide future economic benefits
        
        PAS 38, par 12
        a. identifiable when:
        .a. separable/capable of being (1)sold, (2)transferred, (3)licensed, (4)rented, or (5)exchanged separate from the entity.
        b. When it arises from contractual or other legal right.
        
        example: (5)
        
        patent
        
        franchise
        
        copyright
        
        trademark
        
        computer software
        
        non-identifiable ex: Goodwill
      - Other noncurrent assets
        ex. PAS 1, par 56 deferred tax asset?
        
        example: (5)
        1.long-term advances to:
        -officers
        -directors
        -shareholders
        -employees
        
        abandoned property
        
        long-term refundable deposit.
        
        non-identifiable ex: Goodwill