2—retained earnings connects the income statement and the balance sheet
The Income Statement and Statement of Cash Flows4Copyright © 2007 by The McGraw-Hill Companies, docx
Ngày tải lên :
29/06/2014, 03:20
... operating and nonoperating income and their relationship to earnings quality 4-15 Operating Income and Earnings Quality Should all items of revenue and expense included in operating income be ... Accumulated Other Comprehensive Income In addition to reporting comprehensive income that occurs in the current period, we must also report these amounts on a cumulative basis in the balance sheet as ... Other Comprehensive Income Statement of Financial Accounting Standards No 130 Comprehensive income includes traditional net income and changes in equity from nonowner transactions Changes in the...
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Ch04 Income.Statement and Cash.Flow
Ngày tải lên :
09/12/2017, 06:10
... value ,the thegain gainor orloss lossisisdeferred deferredas asaacomponent componentof of comprehensive comprehensiveincome incomeand andincluded includedininearnings earningslater, later,at atthe thesame ... manipulate earnings 4-10 Earnings Quality Earnings quality refers to the ability of reported earnings to predict a company’s future earnings Transitory Earnings versus Permanent Earnings 4-11 Earnings ... Sale Income or loss from operations of the component from the beginning of the reporting period to the end of the reporting period An “impairment loss” if the carrying value of the assets of the...
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Slides prepare income statement and balance sheet
Ngày tải lên :
09/01/2018, 12:24
... Objective • Task: Prepare Income Statement and Balance Sheet According to Accrual Basis • Condition: You are a cost advisor technician with access to all regulations/course handouts, and awareness of ... Identify and enter relevant report data (using macros provided in Excel template) to prepare income statement and balance sheet according to accrual basis © Dale R Geiger 2011 Review: The Accounting ... of the entity • Statement of Activities • Correctly report revenues and expenses for the period • Statement of Financial Position • Correctly state ending balances for assets, liabilities and...
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The balance sheet and profit and loss statement
Ngày tải lên :
12/03/2018, 15:40
... prepare Income statement Retained earnings statement Balance sheet Do It Problem: CSU Corporation 22 Action step 1: Report the revenues & expenses for a period of time, Income Statement Do ... Report the revenues & expenses for a period of time, Income Statement Do It Problem: CSU Corporation 24 Create the heading Name of the company CSU Corporation Name of the statement Income Statement ... date – one point in time! Balance Sheet From Retained Earnings Statement Income Statement Reports operating success or failure for a period Summarizes revenues and expenses for period: month,...
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Corporations: Paid-in Capital and the Balance Sheet pot
Ngày tải lên :
19/06/2014, 18:20
... before income tax (from the income statement) × Income tax rate Income tax payable = Taxable income (from the tax return filed with the IRS) × Income tax rate Accounting for Income Taxes by Corporations ... from the common stockholders’ investment in the company Objective Account for the Income Tax of a Corporation Accounting for Income Taxes by Corporations Income tax expense = Income before income ... liability is the difference between income tax expense and income tax payable for any one year • Revenues and expenses may be reported in different periods for income statement and tax return...
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The Balance Sheet and Financial Disclosures pptx
Ngày tải lên :
29/06/2014, 03:20
... in one of the other classifications Property, Plant and Equipment Are tangible, long-lived, and used in the operations of the business Includes land, buildings, equipment, machinery, and furniture ... operations, liquidity, and capital resources 3-22 Management’s Responsibilities p Preparing the financial statements and other information in the annual report p Maintaining and assessing the company’s ... Explain the purpose of an audit and describe the content of the audit report 3-24 Auditors’ Report Expresses the auditors’ opinion as to the fairness of presentation of the financial statements...
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THE BALANCE SHEET POCKET BOOK phần 2 potx
Ngày tải lên :
07/08/2014, 19:22
... considers the ‘business plan’ ● The real value of the property ● How much you wish to borrow ● Your income and existing outgoings The mortgage agreement defines the terms of the loan As security, the ... When the company prospers, Bill offers to buy the shares for £1,200 Alex hands over the piece of paper; Bill hands over the £1,200 Alex has made a gain of £200 The company has no involvement in the ... transaction and its finances are therefore unaffected Similarly, if the share value falls and Bill decides to sell, he will lose out but there will be no effect on the company accounts 12 THE BUSINESS...
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gjerstad & smith - rethinking housing bubbles; the role of household and bank balance sheets in modeling economic cycles (2014)
Ngày tải lên :
01/11/2014, 18:18
... on the board Thus, an exchange is bilateral between the buyer who accepts the standing ask and the seller who posted the standing ask, or between the seller who accepts the standing bid and the ... to and resulted from the recent U.S housing bubble and collapse, as a case study in the formation and propagation of balance sheet crises They then examine downturns in the U.S economy over the ... improve on the best ask As the bids are received, the experimenter writes them on a whiteboard in the hand-run version of the auction At any time, each buyer has the option to accept the standing...
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Reporting investing and financing results on the balance sheet
Ngày tải lên :
30/11/2016, 22:31
... than 12 months after the balance sheet date 2-34 Learning Objective Interpret the balance sheet using the current ratio and an understanding of related concepts 2-35 Assessing the Ability to Pay ... classified balance sheet 2-32 Preparing a Balance Sheet It’s a good idea to check that the accounting records are in balance by determining whether debits = credits We this by preparing a Trial Balance ... journal entries and T-accounts to show how transactions affect the balance sheet 2-18 Step and 3: Record and Summarize Most companies use computerized accounting systems, which can handle a large...
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Winkler et al (eds ) a flow of funds perspective on the financial crisis; vol i, money, credit and sectoral balance sheets (2014)
Ngày tải lên :
29/03/2018, 13:58
... and the composition of the corresponding balance sheets The financial crisis has driven home the importance of financial flows and balance sheets for an understanding of real–financial linkages and ... exploration of the link between the two see Gorton and Metrick, 2012) and therefore they should also impact on the demand for money The effect of all these intra-sector transactions on the demand for ... adjustments and balance sheet repair in the financial and non-financial sectors (Praet, 2012) A particular challenge for the ECB throughout the crisis has been the need to safeguard the functioning of the...
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THE BALANCE SHEET POCKET BOOK phần 1 pps
Ngày tải lên :
07/08/2014, 19:22
... some of the more common misconceptions we, the authors, encounter in our training sessions See if any of them seem familiar ◆ The Balance Sheet tells me the value of the business’ ◆ ‘At the year-end ... better’ ◆ The accountant balances the Balance Sheet by entering a balancing figure somewhere probably profit’ These misconceptions will be dealt with at appropriate points in the book THE BUSINESS ... finance Step Two: Understand the impact of capital and revenue expenditure on this Business Financial Model Step Three: Extract from this Model the - Balance Sheet - Profit and Loss Account INTRODUCTION...
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THE BALANCE SHEET POCKET BOOK phần 3 pps
Ngày tải lên :
07/08/2014, 19:22
... required to provide the flow of materials, services and credit to achieve the sales and satisfy customer needs Accountants call this working capital and that is exactly what the investment has ... taken Lead time through the manufacturing process Range of products/services offered Moving from cash to other parts of the cycle entails risk and must therefore offer the prospect of a sufficient ... that Profit and Cash are measured at different points in the cycle ● Sales (and hence Profit) are measured when the goods are despatched to the customer This timing difference is one of the factors...
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THE BALANCE SHEET POCKET BOOK phần 4 pps
Ngày tải lên :
07/08/2014, 19:22
... invest the money to: provide the tools to the job finance the day-to-day running of the business products and services OPERATING PROFIT ● Products are sold at a profit (or loss) EARNINGS ● Earnings ... the year-end before tipping it back into the top of the model, it would be extremely inefficient This re-cycling is, therefore, happening continuously, ie: there is no tank at the bottom of the ... operating profits increase Earnings increase Dividends retain additional profit and so the process continues THE BUSINESS FINANCIAL MODEL COMMON MISCONCEPTIONS ‘At the year-end the Retained Profit...
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THE BALANCE SHEET POCKET BOOK phần 5 docx
Ngày tải lên :
07/08/2014, 19:22
... FUNDS - and how it is currently invested USE OF FUNDS THE BALANCE SHEET FORMAT The Balance Sheet format swops the two halves of the model over: ● ● Use of Funds appears at the top of the statement ... summary of the business investment a Balance Sheet ii) a summary of the operating performance the Profit and Loss Account 43 FINANCIAL REPORTS INTRODUCTION The Balance Sheet and Profit and Loss ... time The Balance Sheet is: ● ● 46 A financial statement of the business investment as at a specific point in time; and Reports at the specific point in time - where the money invested in the business...
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THE BALANCE SHEET POCKET BOOK phần 6 pptx
Ngày tải lên :
07/08/2014, 19:22
... disappear! ✗ ✗ THE BALANCE SHEET COMMON MISCONCEPTIONS The accountant balances the Balance Sheet by entering a balancing figure somewhere probably profit.’ The Balance Sheet balances automatically ... Remember: the Balance Sheet must balance because the two halves are explaining: Source of Funds where the money came from Use of Funds 58 - where it is now THE BALANCE SHEET ARC plc THE BALANCE SHEET ... (by allowing some of their earnings to be re-invested as Retained Profits) 61 THE BALANCE SHEET SUMMARY Here is the same Balance Sheet expanded to itemise the Fixed Assets and the constituent parts...
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THE BALANCE SHEET POCKET BOOK phần 7 ppt
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07/08/2014, 19:22
... period ● The Balance Sheet provides a picture of the business investment at a specific point in time, eg: - ● at the start of the trading period and at the end of the trading period The Profit and ... return on the Net Capital Employed ● The Report provides essential management information 65 THE BALANCE SHEET PUBLISHED FORMAT The Balance Sheet published format A Report to the Owners of the Business ... PROFIT AND LOSS ACCOUNT PROFIT NOT CASH The Profit and Loss Account measures the profit or loss made on the goods sold during the period ● It does not measure the cashflows into and out of the business...
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THE BALANCE SHEET POCKET BOOK phần 8 pdf
Ngày tải lên :
07/08/2014, 19:22
... are called Earnings 82 PROFIT AND LOSS ACCOUNT EARNINGS Earnings are what is left after all the business costs have been met Earnings, therefore, belong to the shareholders Some of the Earnings ... to the shareholder to give them income on their investment This is the Dividend The rest will be re-invested back within the business enabling the business to grow This is the Retained Profit and ... Note: Gross Profit is the difference between the selling price and the cost of manufacturing the goods sold in the period Operating Profit is the lowest level in the Profit and Loss Account over...
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THE BALANCE SHEET POCKET BOOK phần 9 potx
Ngày tải lên :
07/08/2014, 19:22
... use 29 Dividend: The part of Earnings paid out to the Shareholders in order to give them an income on their investment 30 Earnings: The profits left for the Shareholders once all the business costs ... Attributable Cost: The Revenue Expenditure associated with producing and delivering the products sold during the period 27 Balance Sheet: A financial statement showing, at a point in time, where the money ... to the Business Owners the Shareholders 90 PROFIT AND LOSS ACCOUNT PUBLISHED FORMAT ● This report to the Shareholders is published and consequently is available to the competitors Consider the...
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THE BALANCE SHEET POCKET BOOK phần 10 pptx
Ngày tải lên :
07/08/2014, 19:22
... FORM No copies Your details Please send me: Name The Balance Sheet Pocketbook Position The Pocketbook Company The Pocketbook Address The Pocketbook The Pocketbook Order by Post MANAGEMENT POCKETBOOKS ... DEPRECIATION OTHER METHODS NB There are other methods of calculating depreciation, eg: ● Reducing balance - where the depreciation charge is a fixed % per annum of the reduced balance (ie: cost less ... where the depreciation charge depends on the number of units of output produced Companies must select the method which is most appropriate to the asset in question and its application within the...
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Retained Earnings, Treasury Stock, and the Income Statement pptx
Ngày tải lên :
19/06/2014, 18:20
... Retained Earnings and Dividends • Retained Earnings shows the amount of income allowed to accumulate from the beginning of the corporation’s life to the present • Retained Earnings represents ... Retained Earnings and Dividends • The balance in the Income Summary account is closed to Retained Earnings at period end • Dividends are distributions to the stockholders • To declare dividends there ... Splits and Stock Dividends Both increase the number of shares of stock owned per stockholder Neither change the investor’s cost of the stock they own Neither type of income creates taxable income...
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