5/23 Financial Statement (F/S) Balance Sheet : B/S (대차대조표) 어느 일정 시점에서의 재정상태(Financial Position)을 나타내고있다. 자산(Assets)과 부채(Liabilities) 그리고 자본(Owner’s Equity) Assets=Liabilities +Owner’s Equity | Beginning Inventory | + | Inventory Purchases | | Cost of Goods Manufactured | - | Ending Inventory | | Cost of Goods Sold | Income Statement : P/L (손익계산서) 일정 기간의 경영성적(Operation Results)을 나타내고있다. 수익(Revenues)과 비용(Expenses) 그리고 당기순이익(Net Income) Net Income=Revenue-Expenses
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consumed by business operations during a period. This method measures resources provided by business operations by revenue. The measure of resources used to earn revenues is expenses. The difference between revenues and expenses is net income/loss. Accrual basis net income provides a better measure of performance because it attempts to measure the resource inflows and outflows generated by operations during the reporting period‚ which may not provide the same amount of cash inflows and outflows. Accruals
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Step 1 Identify Your Values and Motivations. The first step in creating a personal mission statement is to understand your values and what motivates you. Focusing on your values and what you are internally motivated to do helps you create a more meaningful mission statement. Address the following in order to better determine your personal values: Consider the traits and qualities of people you admire. How would you describe your heroes? Very independent and hard working Consider what kind of
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expenses are reported on the income statement. In the accrual basis of accounting revenues are reported when they are earned‚ which most of the time happens before customers pay out the cash. Unlike cash basis‚ in accrual basis‚ expenses are reported on the income statement in the same period they occur. Accrual basis accounting oftentimes provides a more accurate picture of a company’s profits during an “accounting period.” The reason for this is that the income statement that is prepared during
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unit assumption states that transactions that can be measured in terms of money should be recorded in the accounting records. TRUE 5. The drawings account is a subdivision of the owner’s capital account and appears as an expense on the income statement. FALSE 6. Revenues are a subdivision of owner’s capital. TRUE 7. The trial balance has no limitations or weaknesses. FALSE 8. In an automated system‚ the entering of data and transferring of information is done by following
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Solutions to Problems and Exercises TABLE OF CONTENTS * Chapter 1 1 Concepts for Analysis 1-5 1 Concepts for Analysis 1-6 2 Concepts for Analysis 1-10 3 Concepts for Analysis 1-11 3 * Chapter 2 4 Brief Exercise 2-3 4 Brief Exercise 2-4 4 Brief Exercise 2-5 4 Exercise 2-3 5 * Chapter 3 6 Exercise 3-6 6 Exercise 3-9 6 Exercise 3-11 8 Exercise 3-14 10 Exercise 3-15 10 Exercise 3-16 10 * chapter 4 12 Exercise 4-2 12 Exercise 4-4 13 Exercise 4-5 16 Exercise 4-12 17
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The GAP‚ Inc. The Fiscal year Ended January 28‚ 2012 A. INTRODUCTION AND OVERVIEW 1. Financial Statements Included in the Annual Report 2.1. Consolidated Statements of Cash Flow 2. Major Competitors of the GAP‚ Inc. American Eagle Outfitters‚ Inc.‚ J. Crew Group‚ Inc.‚ and the TJX Companies‚ Inc. can be shown as the major competitors for the GAP‚ Inc. Based on the data given in annual reports of the companies‚ gross margin % for GAP‚ Inc. is 36%‚ while American Eagle Outfitters
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RM2·42 per acquired share of Sardonic. Patronic’s cost of capital is 10% per annum. The reserves of Sardonic on 1 April 2007 were RM69 million. Patronic has held an investment of 30% of the equity shares in Acerbic for many years. The summarised income statements for the three companies for the year ended 31 March 2008 are: Patronic RM’000 150‚000 (94‚000) –––––––– 56‚000 (7‚400) (12‚500) (2‚000) –––––––– 34‚100 (10‚400) –––––––– 23‚700 –––––––– Sardonic RM’000 78‚000 (51‚000) ––––––– 27‚000 (3‚000) (6
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The Directors’ Report Fatwa and Sharia Supervisory Board’s Report The due Zakat on Shares Independent Auditors’ Report Consolidated Statement of Income Consolidated Statement of Comprehensive Income Consolidated Statement of Financial Position Consolidated Statement of Cash Flows Consolidated Statement of Changes in Equity Notes to the Consolidated Financial Statements Branches Network 9 10 11 12 15 16 19 21 22 23 24 25 26 27 28 68 Emirates Islamic Bank Annual Report 2009 7 k 9 Annual Report
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Earnings‚ and Income Reporting ASSIGNMENT CLASSIFICATION TABLE Exercises A Problems B Problems 1‚ 2‚ 3 1‚ 2‚ 3‚ 4‚ 5‚ 6‚ 7 1A‚ 2A‚ 3A‚ 4A‚ 5A 1B‚ 2B‚ 3B‚ 4B‚ 5B 9‚ 10‚ 11‚ 12‚ 13‚ 14 4‚ 5 6‚ 8‚ 9 2A‚ 3A‚ 4A 2B‚ 3B‚ 4B Prepare and analyze a comprehensive stockholders’ equity section. 14‚ 15 6‚ 7 5‚ 6‚ 10‚ 11‚ 13‚ 15‚ 16 1A‚ 2A‚ 3A‚ 4A‚ 5A 1B‚ 2B‚ 3B‚ 4B‚ 5B 4. Describe the form and content of corporation income statements. 15‚
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