Finance for non accountant

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Finance for non accountant

  1. 1. Finance for Non-accountant Arriffin Mansor Finance for NOn-accountant 1
  2. 2. Course Contents1. Cash and accrual profit determination2. Trading, profit and loss account and Balance Sheet3. Year end adjusted enteries, dividends and appropriation accounts4. Cash flow statement5. Discounted cash flow techniques6. Cash Budgeting Finance for NOn-accountant 2
  3. 3. Question 1• The cash method and accrual method of profit determination Finance for NOn-accountant 3
  4. 4. Cash MethodCash Receipts 10,500Meterial 3,250Motor Vehicle expenses 600Administratrion expense 500Wages 2750New motor vehicle 4000Insurance 400Sundry 100 11,600 (1,100) Finance for NOn-accountant 4
  5. 5. ACCRUAL METHODGross Margin 10,700Motor Vehicles expenses 650Administration expenses 500Wages 2,750Insurance 400Sundry 100Deoreciation - plan 100Depreciation - Motor 500 5000Profit for the year 5,700 Finance for NOn-accountant 5
  6. 6. ACCRUAL METHODSales - Cash Sales 10,500 Credit Sales 3,000Less - Cost of sales Opening stock 1,750 Add Purchases 3,550 5,300Less - Closing stock 2,500 2,800Gross Profit 10,700 Finance for NOn-accountant 6
  7. 7. ACCRUAL METHOD 10,700Motor Vehicles expenses 650Administration expenses 500Wages 2,750Insurance 400Sundry 100Deoreciation - plan 100Depreciation - Motor 500 5000Profit for the year Finance for NOn-accountant 7
  8. 8. ACCRUAL METHOD 10,700Motor Vehicles expenses 650Administration expenses 500Wages 2,750Insurance 400Sundry 100Deoreciation - plan 100Depreciation - Motor 500 5000Profit for the year Finance for NOn-accountant 8
  9. 9. ACCRUAL METHOD 10,700Motor Vehicles expenses 650Administration expenses 500Wages 2,750Insurance 400Sundry 100Deoreciation - plan 100Depreciation - Motor 500 5000Profit for the year Finance for NOn-accountant 9
  10. 10. ACCRUAL METHOD 10,700Motor Vehicles expenses 650Administration expenses 500Wages 2,750Insurance 400Sundry 100Deoreciation - plan 100Depreciation - Motor 500 5000Profit for the year Finance for NOn-accountant 10
  11. 11. Q2- Trading Profit and Loss account Sales 19,740 Cost of good sold 2,970 Opening stock 11,280 Add Purchase 14,250 Closing stock 3,510 10,740 Gross Profit 9,000 Finance for NOn-accountant 11
  12. 12. Q2- Trading Profit and Loss account Sales 19,740 Cost of good sold 2,970 Opening stock 11,280 Add Purchase 14,250 Closing stock 3,510 10,740 Gross Profit 9,000 Finance for NOn-accountant 12
  13. 13. A3- Trading Profit and Loss account Sales 19,740 Cost of good sold 2,970 Opening stock 11,280 Add Purchase 14,250 Closing stock 3,510 10,740 Gross Profit 9,000 Finance for NOn-accountant 13
  14. 14. A4- Cash flowsNet cash flow from operating activities 6,600Capital expenditure and investments -3,000Finance 2,000capital introduced -8000Sundry -2,400Deoreciation - plan 100Depreciation - Motor 500 5000Profit for the year Finance for NOn-accountant 14

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