Accounting Factsheet.pdf
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The document outlines the key components of an income statement, cash flow statement, and balance sheet. The income statement shows revenue, costs, expenses, profits and taxes. The cash flow statement shows cash inflows and outflows from operating, investing and financing activities. The balance sheet shows assets, liabilities, and shareholders' equity at the start and end of the period.
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TM
CFI
Assets
+ Cash & cash equivalents
+ Inventory
+ Accounts receivable
+ Plant, property & equipment
+ Intangible assets
+ Others
= Total assets (A)
Liabilities
+ Accounts payable
+ Short-term debt
+ Long-term debt
+ Others
= Total liabilities (B)
Shareholders’ equity (C) [A=B+C)
Revenue
- Cost of sales
= Gross profit
- SG&A expenses
+ Other income
- Other expenses
= Earnings before interest & taxes
+ Interest income
- Interest expenses
= Earnings before taxes
- Tax
= Net income
- Dividends
= Retained earnings
Operating profit
+ Depreciation/Amortization
+ Other non-cash charges
- Increase in inventory
- Increase in a/c receivable
+ Increase in a/c payable
= Operating cash flow
- Net interest paid
- Tax paid
= Net operating cash flow
- Capital expenditure
- Dividends
± Change in equity
± Change in debt
= Change in cash & cash equiv.
Assets
+ Cash & cash equivalents
+ Inventory
+ Accounts receivable
+ Plant, property & equipment
+ Intangible assets
+ Others
= Total assets (A)
Liabilities (B)
+ Accounts payable
+ Short-term debt
+ Long-term debt
+ Others
= Total liabilities
Shareholders’ equity (C) [A=B+C]
Accounting Factsheet
INCOME STATEMENT CASH FLOW STATEMENT CLOSING BALANCE SHEET
OPENING BALANCE SHEET](https://image.slidesharecdn.com/accountingfactsheet-220716205155-17c02205/85/Accounting-Factsheet-pdf-1-320.jpg)
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Target Corporation Consoldated Statements of operations (abyoted). Conseadated stalements of
Financias Positan (adapted) 6. (nelione except per there dais). 8. Dales 3) Other revenue 10.
Total revenue 11 Cost of saies (cost of merchandise soldi) 12. Seling. general and admiristative
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trom contanuing operabons before income taxes 18. Provision for income tanes (nacome tar
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\begin{tabular}{|r|r|r|} \hline 6.036 & 6.054 & 6.095 \\ \hline 30.603 & 29.205 & 26.295 \\ \hline
6,053 & 5.912 & 5.623 \\ \hline 2.692 & 2.544 & 2.544 \\ \hline 533 & 450 & 449 \\ \hline
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assets & 42,779 & 41290 & 38.999 \\ \hline \end{tabular} Liabilities and shareholders'
investment Accouns payable 9 , 920 9.761 8 , 677 \begin{tabular}{|l|r|r|r|} \hline Other
noncurrent assets & 1,358 & 1,273 & 1,417 \\ \hline Total assets & 42,779 & 41,290 & 38,999 \\
\hline Liabilities and shareholders' investment & & & \\ \hline Accounts payable & 9,920 &
9,761 & 8,677 \\ \hline Accrued and other current liabilities & 4,406 & 4,201 & 4,254 \\ \hline
Current portion of long-term debt and other borrowings & 161 & 1,052 & 270 \\ \hline Total
current liabilities & 14,487 & 15,014 & 13,201 \\ \hline Long-term debt and other borrowings &
11,338 & 10,223 & 11,317 \\ \hline Noncurrent operating lease liabilities & 2 , 275 & 2,004 & \\
\hline Deferred income taxes & 1 , 122 & 972 & 713 \\ \hline Other noncurrent liabilities & 1 ,
724 & 1,780 & 2,059 \\ \hline Total noncurrent liabilities & 16 , 459 & 14,979 & 14,089 \\ \hline
(Total Liabilities) & 30 , 946 & 29,993 & 27,290 \\ \hline Shareholders' investment
(Stockholders' Equity) & & & \\ \hline Common stock & 42 & 43 & 45 \\ \hline Additional paid-
in capital & 6 , 226 & 6,042 & 5,858 \\ \hline Retained earnings & 6 , 433 & 6,017 & 6,553 \\
\hline Accumulated other comprehensive loss & ( 868 ) & ( 805 ) & ( 747 ) \\ \hline Total
shareholders' investment & 11 , 833 & 11,297 & 11,709 \\ \hline Total liabilities and
shareholders' investment & 42 , 779 & 41,290 & 38,999 \\ \hline \end{tabular} Common Stock
Authorized 6,000,000,000 shares, \$0.0833 par value; 504,198,962 shares issued and outstanding
as of February 1, 2020; 517,761,600 shares issued and outstanding as of February 2, 2019.
Preferred Stock Authorized 5,000,000 shares, \$0.01 par value; no shares were issued or
outstanding during any period presented See accompanying No.
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The document provides a statement of profit and loss and balance sheet for Moon and Star Ltd. as of December 31, 2013. It includes notes to accounts that provide additional details. The summary is:
Moon and Star Ltd. reported a net profit of Rs. 100,275 for the year. Its total assets were Rs. 4,35,395, including current assets of Rs. 3,66,080 and non-current assets of Rs. 1,68,815. Total equity and liabilities were also Rs. 4,35,395, consisting of equity of Rs. 2,45,000, non-current liabilities of Rs. 15,700, and current liabilities of Rs. 1,74
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in capital & 6 , 226 & 6,042 & 5,858 \\ \hline Retained earnings & 6 , 433 & 6,017 & 6,553 \\
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Authorized 6,000,000,000 shares, \$0.0833 par value; 504,198,962 shares issued and outstanding
as of February 1, 2020; 517,761,600 shares issued and outstanding as of February 2, 2019.
Preferred Stock Authorized 5,000,000 shares, \$0.01 par value; no shares were issued or
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The document estimates the working results over 10 years for a company, including administrative expenses like salaries, professional fees, and stationery; total sales expenses; royalty and know-how payable; expected sales and gross profit; financial expenses like interest on loans; depreciation; operating profit; other income and preliminary expenses; profit/loss before and after tax; retained profit after dividends; and net cash accruals adding back depreciation and preliminary expenses written off.
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Financial_Statements_1.ppt
Financial Statament s and analysis.
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Here are simplified financial statements of Phone Corporation from a.pdf
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please solve it and show little of explaining. thank you 5. Here are simplified financial
statements for Phone Corporation in a recent year: INCOME STATEMENT (Figures in S
millions) Net sales Cost of goods sold Other expenses Depreciation $ 13,193 4,060 4,049 2,518
Earnings before interest and taxes (EBIT) Interest expense $ 2,566 685 Income before tax Taxes
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Solution
a) Return on equity = Net Income/ shareholders equity Net income = 1223 - 856 =
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27608.50 ROA = 1223/27608.5 = 0.04 c)Return on capital =
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= 2566/22920 = 0.11 d) Days in inventory = 365/ Inventory turnover
Inventory turnover = cost of goods sold / inventory = 4060 / 238
= 17.06 Days in inventory = 365/17.06 = 21.40 e)
Inventory turnover = cost of goods sold / inventory = 4060 / 238
= 17.06 f) Average collection period = 365 / receivable turnover
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bdf5c15436819836024ad278009f5645.ppt
The document discusses key financial statements including the balance sheet, income statement, statement of retained earnings, and statement of cash flows. It provides examples of the components and format of each statement. The balance sheet presents a company's assets, liabilities, and equity on a given date. The income statement summarizes revenues and expenses over a period of time to arrive at net income. The statement of retained earnings tracks the changes in a company's retained earnings balance. Finally, the statement of cash flows provides information on a company's cash inflows and outflows.
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Financial_Statements_1.ppt
Financial Statament s and analysis.
It is also important in accounting , Financial Statament s and analysis.
It is also important in accounting Financial Statament s and analysis.
It is also important in accounting Financial Statament s and analysis.
It is also important in accounting Financial Statament s and analysis.
It is also important in accounting
Here are simplified financial statements of Phone Corporation from a.pdf
Here are simplified financial statements of Phone Corporation from a recent year:
please solve it and show little of explaining. thank you 5. Here are simplified financial
statements for Phone Corporation in a recent year: INCOME STATEMENT (Figures in S
millions) Net sales Cost of goods sold Other expenses Depreciation $ 13,193 4,060 4,049 2,518
Earnings before interest and taxes (EBIT) Interest expense $ 2,566 685 Income before tax Taxes
(at 35%) $1,881 658 $1,223 $ 856 Net income Dividends
Solution
a) Return on equity = Net Income/ shareholders equity Net income = 1223 - 856 =
367 Average shareholders equity = ( 9724 + 9121) / 2 = 9422.50
ROE = 367 / 9422.50 = 0.04 b) Return on assets = Net Income /
Average total Assets Net Income = 1223 Average Assets = ( 27714 + 27503)/2 =
27608.50 ROA = 1223/27608.5 = 0.04 c)Return on capital =
earning before interest and tax / Total assets - current liabilities EBIT = 2566
Total Assets - current liabilities = 27714 - 4794 = 22920 Return on capital
= 2566/22920 = 0.11 d) Days in inventory = 365/ Inventory turnover
Inventory turnover = cost of goods sold / inventory = 4060 / 238
= 17.06 Days in inventory = 365/17.06 = 21.40 e)
Inventory turnover = cost of goods sold / inventory = 4060 / 238
= 17.06 f) Average collection period = 365 / receivable turnover
Reveivable turnover = sales revenue / average receivables Sales revenue = 13193
beginning receivables = 2490 Receivable turnover = 13193/2490 = 5.3
g) operating profit margin = operating income / net sales operating income = 1223
net sales = 13193 operating profit margin = 1223/13193 = 0.09 h) long term debt
ratio = long term debt /total assets long term debt 4794 Total assets 27714
long term debt = 4794 / 27714 = 0.17 i) Total debt ratio = total
liabilities / total assets Total liabilities = Total liabilities - shareholders equity
= 27714 - 9724 = 17990 Total assets = 27714 Total debt
ratio = 17990 / 27714 = 0.65 j) Times interest earned = Earning before interst and tax /
interest expense EBIT 2566 Interest expense 685 Times interest earned
= 2566/685 = 3.75 k) Cash coverage ratio = (EBIT + Non cash expenses)/interest
expense EBIT 2566 Interest expense 685 Non cash expense ( depriciation)
2518 Cash coverage ratio = ( 2566 + 2518) / 685 = 7.42
l) Current ratio = Current Assets / Cyrrent liabilities Current assets 3525
Current liabilities 4794 Current ratio = 3525/4794 = 0.74 m) Quick ratio =
( Current assets - inventory)/ current liabilities Current assets 3525 Current
liabilities 4794 inventory 187 Quick ratio = ( 3525-187)/4794
= 0.70.
Analysis of Financial statements of ABC Inc
A financial statement is a quantitative way of showing a company's financial performance and position. It includes 4 main statements: the income statement shows revenues, expenses and profits; the statement of retained earnings shows changes in retained profits; the balance sheet shows assets, liabilities and equity at a point in time; and the statement of cash flows shows cash inflows and outflows from operating, investing and financing activities.
bdf5c15436819836024ad278009f5645.ppt
The document discusses key financial statements including the balance sheet, income statement, statement of retained earnings, and statement of cash flows. It provides examples of the components and format of each statement. The balance sheet presents a company's assets, liabilities, and equity on a given date. The income statement summarizes revenues and expenses over a period of time to arrive at net income. The statement of retained earnings tracks the changes in a company's retained earnings balance. Finally, the statement of cash flows provides information on a company's cash inflows and outflows.
bdf5c15436819836024ad278009f5645.ppt
The document discusses key financial statements including the balance sheet, income statement, statement of retained earnings, and statement of cash flows. It provides examples of the components and format of each statement. The balance sheet presents a company's assets, liabilities, and equity on a given date. The income statement summarizes revenues and expenses over a period of time to arrive at net income. The statement of retained earnings tracks the changes in a company's retained earnings balance. Finally, the statement of cash flows provides information on a company's cash inflows and outflows.
General Journal Entry Worksheet Options to Choose from the Income St.pdf
General Journal Entry Worksheet Options to Choose from the Income Statement and Balance
Sheet:
-No Journal Entry Required
-Accounts Payable
-Accounts Receivable
-Accumulated Depreciation
-Advertising Expense
-Allowance for Doubtful Accounts
-Bad Debt Expense
-Buildings
-Cash
-Contributed Capital
-Cost of Goods Sold
-Delivery Expense
-Depreciation Expense
-Dividends (Declared)
-Dividends Payable
-Equipment
-Income Tax Expense
-Income Tax Payable
-Insurance Expense
-Interest Expense
-Interest Payable
-Interest Receivable
-Interest Revenue
-Inventory
-Land
-Legal Expense
-Notes Payable (long-term)
-Notes Payable (short-term)
-Notes Receivable
-Office Expenses
-Operating Expenses
-Other Current Assets
-Other Current Liabilities
-Other Expenses
-Other Noncurrent Assets
-Other Noncurrent Liabilities
-Other Revenue
-Prepaid Insurance
-Prepaid Rent
-Purchases
-Rent Expense
-Rent Payable
-Rent Revenue
-Repairs and Maintenance Expense
Solution.
Session08-Statement of Cash Flows.pptx
This document provides an overview of analyzing a company's statement of cash flows. It discusses why the statement of cash flows is needed in addition to the income statement and balance sheet. It also covers the key components of the statement of cash flows, including operating, investing, and financing activities. The document explains how to classify cash flows into these categories and provides examples of cash inflows and outflows for each type of activity. It compares the direct and indirect methods for preparing the statement of cash flows and includes an example of how to prepare one using both methods.
Cash Flow Statement.ppt
The document summarizes key aspects of a cash flow statement. It explains that a cash flow statement classifies cash flows into operating, investing and financing activities. It also discusses how a cash flow statement differs from an income statement by using cash basis accounting rather than accrual basis accounting. Specifically, it notes that a cash flow statement includes cash receipts and payments that are excluded from or not part of net income calculations.
Introduction to accounting statements
accounting statements
balance sheet introduction
accounting equation
income statement introduction
Capital part 1
This document discusses key financial concepts related to capital, including invested capital, return to capital, profitability ratios, cash flow to capital, capital structure, and cost of capital. It provides examples of balance sheets, income statements, and calculations of various ratios such as return on invested capital (ROIC), return on assets (ROA), return on equity (ROE), interest coverage ratios, and profit margins. The document uses a company called Fairway Corp as an example to demonstrate calculations of invested capital, net fixed assets, net operating assets, net profit after tax, and various profitability ratios.
Final Accounts of Companies.docx
This document contains the balance sheet and notes to accounts of a company as of March 31, 202x. The balance sheet shows total assets of ₹2,60,700 consisting of non-current assets of ₹94,510 and current assets of ₹1,66,190. The liabilities side shows total equity and liabilities of ₹2,60,700 consisting of shareholders' funds, non-current liabilities, and current liabilities. The notes to accounts provide additional details on items in the balance sheet such as fixed asset details, calculation of depreciation, provisions, reserves and surplus, trade receivables, and payables.
AnF 1 _ Basics of Financial Statements (1).pptx
Here are the journal entries and changes to the financial statements for the given transactions:
1. Company sells Auto parts worth 1L Rs and receives cash immediately
- JE: Debit Accounts Receivable 1L, Credit Sales 1L
- IS: Sales 1L (this year), no change after 1 month
- BS: Increase in Cash 1L, no change after 1 month
- CFS: Increase in cash from operating activities 1L, no change after 1 month
2. Company pays salaries of 20L at the end of the month
- JE: Debit Salaries 20L, Credit Cash 20L
- IS: Decrease in profit by 20L (this year), no change after 1 month
Cash flow statement (Indirect Method)
The document discusses the indirect method for preparing a cash flow statement. It explains that the cash flow statement has three sections - operating, investing, and financing activities. It provides details on how to calculate cash flow from operating activities indirectly by making adjustments to net income. It also describes how to determine cash flow from investing and financing activities, such as cash inflows from sale of assets and cash outflows for purchase of investments. The cash flow statement shows the total cash flow for a period as the sum of cash flows from the three activities plus the opening cash balance.
Financial Statements_Presentation
The document provides an overview of key financial statements including the balance sheet and profit and loss account. The balance sheet shows a company's financial position on a particular date by outlining assets, liabilities, and equity. The profit and loss account shows operating results for a period by outlining revenues, expenses, and net profit. It summarizes the financial performance of a business over a specific period of time.
The Concept of a Balance Sheet
The document discusses key financial concepts like the balance sheet, income statement, and double entry accounting. It provides examples of a basic personal balance sheet showing assets and liabilities. It also includes examples of a company balance sheet, income statement, and cash flow statement, demonstrating how revenues, expenses, assets, and liabilities are reported. The final section shows a comparative balance sheet between two years for another company.
Financial Accounting.ppt
This document provides an overview of key accounting concepts including the accounting equation, financial statements, and accounting principles. It defines assets, liabilities, and equity and how they relate in the accounting equation. It also describes the four main financial statements - the income statement, statement of retained earnings, balance sheet, and statement of cash flows - and provides examples of each. The purpose of accounting is to identify, record, and communicate relevant financial information to help users make informed decisions.
Final accounts
The document provides information on preparing final accounts for sole proprietorship businesses. It explains that final accounts include a trading and profit & loss account to determine profit or loss, and a balance sheet to assess financial position with assets and liabilities. Steps for preparation include journal entries, ledger, trial balance, then trading, profit & loss, and balance sheet accounts. An example is given with information to use to prepare these final accounts for a business as of March 31, 2001.
Basic Accounting 101
Accounting involves recording, classifying, summarizing, and interpreting business transactions. It is called an art because it is the language of business. Various parties such as owners, investors, creditors, and government are interested in accounting data for decision making, ownership, lending, and regulatory purposes. Accounting has various fields including public, private, cost, and government accounting. It also involves different accounts for assets, liabilities, equity, revenue, and expenses that are used to track increases and decreases according to the accounting equation of assets equaling liabilities plus equity.
Financial statements
This document discusses the need for adjustments in accounting and how to record various types of adjustments in the financial statements. It provides examples of common adjustments like adjusting accounts for accrued expenses and incomes, prepaid expenses, outstanding expenses, depreciation, provisions, and errors. It explains that adjustments are needed to rectify errors, record omitted transactions, and account for accrued/prepaid items to determine accurate profit/loss and the financial position of a business.
Finance101 for Non FInancial Managers - TIFF -Revised
The document provides an overview of finance concepts for non-financial managers. It summarizes key terms like balance sheets, income statements, and cash flow statements. It explains the accounts receivable and accounts payable processes for tracking revenue and expenses. The document also includes sample balance sheets, income statements, and a cash flow statement to illustrate how the concepts work in practice.
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Here are simplified financial statements of Phone Corporation from a.pdf
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General Journal Entry Worksheet Options to Choose from the Income St.pdf
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Accounting Factsheet.pdf
- 1. 1 www.corporatefinanceinstitute.com TM CFI Assets + Cash & cash equivalents + Inventory + Accounts receivable + Plant, property & equipment + Intangible assets + Others = Total assets (A) Liabilities + Accounts payable + Short-term debt + Long-term debt + Others = Total liabilities (B) Shareholders’ equity (C) [A=B+C) Revenue - Cost of sales = Gross profit - SG&A expenses + Other income - Other expenses = Earnings before interest & taxes + Interest income - Interest expenses = Earnings before taxes - Tax = Net income - Dividends = Retained earnings Operating profit + Depreciation/Amortization + Other non-cash charges - Increase in inventory - Increase in a/c receivable + Increase in a/c payable = Operating cash flow - Net interest paid - Tax paid = Net operating cash flow - Capital expenditure - Dividends ± Change in equity ± Change in debt = Change in cash & cash equiv. Assets + Cash & cash equivalents + Inventory + Accounts receivable + Plant, property & equipment + Intangible assets + Others = Total assets (A) Liabilities (B) + Accounts payable + Short-term debt + Long-term debt + Others = Total liabilities Shareholders’ equity (C) [A=B+C] Accounting Factsheet INCOME STATEMENT CASH FLOW STATEMENT CLOSING BALANCE SHEET OPENING BALANCE SHEET