PPT-FA2 Module 2. Income statement and statement of financial

Statements of income and comprehensive income Statements of financial position and changes in equity Remember the attendance sheet I Statements of income and comprehensive income Theoretical considerations. 656 JPEG Encoder Scaler H264MPEG2 TranscoderEncoder SX3 1Gbit FCRAM Statement of Cash Flow. Definition and objectives. Classification of elements. Direct and indirect methods. Gains and losses. The T-account method. Accounts receivable. 1. . SCF: . Definition and objectives. PPE and intangible assets: Depreciation, amortization and impairment. Amortization. Impairment. Goodwill impairment. 1. . Amortization of capital assets . Since long-lived assets provide benefits over several years, the cost is allocated (matched) to the periods in which service are received from (revenues . . 1. Presentation of Financial . Statements. Orhan Balıkçı. Introduction. The International Accounting Standards Committee was establish in . 1973. IASC released a series of standards called. IAS. PPE . and . intangible assets. Definition and valuation. Determining the cost of PPE. Intangibles. Disposal . of capital assets. The equity method (time permitting). 1. . Definitions – Long-lived assets. Nature of financial instruments. Cash. Receivables. Recognition of accounts receivable. Valuation (the doubtful accounts issue). Disposition of accounts receivable. Notes receivable. Notes payable. 1. Nature of financial instruments. Time value of money. Basic interest concepts. Present and future values. Single payment. Annuity (ordinary and due). Applications. 1. Time value of money. Investors expect that money invested should grow, i. e., earn a return, over time. The . 1. Revenue recognition. Expense recognition. Revenue recognition by critical event. Revenue recognition by effort expended. The percentage-of-completion method. Long-term contract losses. The instalment method. Concepts. Chapter 2. Learning Objectives. After studying this chapter, you should be able to:. Describe the basic elements of a financial accounting system. Analyze, record, and summarize transactions for a corporation’s first period of operations. Definition and objectives. Classification of elements. Direct and indirect methods. Gains and losses. The T-account method. Accounts receivable. 1. . SCF: . Definition and objectives. The . Statement of Cash . Two Hands on the Wheel. 2016. Objectives. Get you familiar with basic financial documentation. Balance Sheet. Cash Flow. Statement of Cash Flow. Cash Flow Budget. Record Keeping. Income Statement. Net Farm Income. Instructor : Ryan Williams. Learning Objectives. 1. Recognize items that belong on an Income Statement. . 2. Prepare an Income Statement. . 3. Calculate COGS given information about changes in inventory. . Professor Payne, Finance 4100. Learning Objectives. Calculate your level of net worth or wealth using a balance sheet.. Analyze where your money comes from and where it goes using an income statement.. Institute of National Affairs & Bank of PNG. Ms Wei . Zhang, . The World Bank. Reserve Bank of India-OECD-World Bank . R. egional Conference on Financial Education . New Delhi, India. March 4-5 2013.