This document outlines a presentation on the presentation of financial statements. It discusses key topics like the qualitative characteristics of financial statements, components and elements of financial statements, recognition of elements, description of different financial statements, periods covered, approval process, disclosure requirements, and examples of statements prepared under IFRS like the statement of financial position, income statement, statement of changes in equity, and cash flow statement. The presentation also provides definitions and recognition criteria for assets, liabilities, income, and expenses.
IAS-1: Presentation of Financial StatementsAmit Sarkar
IAS 1 Presentation of Financial Statements sets out the overall requirements for financial statements, including how they should be structured, the minimum requirements for their content and overriding concepts such as going concern, the accrual basis of accounting and the current/non-current distinction. The standard requires a complete set of financial statements to comprise a statement of financial position, a statement of profit or loss and other comprehensive income, a statement of changes in equity and a statement of cash flows.
IAS-1: Presentation of Financial StatementsAmit Sarkar
IAS 1 Presentation of Financial Statements sets out the overall requirements for financial statements, including how they should be structured, the minimum requirements for their content and overriding concepts such as going concern, the accrual basis of accounting and the current/non-current distinction. The standard requires a complete set of financial statements to comprise a statement of financial position, a statement of profit or loss and other comprehensive income, a statement of changes in equity and a statement of cash flows.
An introduction to the three main financial statements using a tree analogy. If you like this, just imagine what I can do in person at your next event. Go to www.geniwhitehouse.com or www.evenanerd.com for more information and my list of topics, expertise, and nerdy obsessions.
My next deck is going to include basset hounds (see my post from 2023). That is a promise.
Rexnord Corporation (RXN) Q4 Fiscal Year 2020 Financial ResultsRexnord
Rexnord Corporation's 4Q FY2020 Financial Results
- Net sales increased +2% year over year
- Acquisitions increased sales by +1%
- Core sales(1) increased +1% year over year
- 8020 product line simplification reduced growth by 180 bps
- Adjusted EBITDA(1) of $124 million increased +3% year over year
- Diluted Earnings Per Share from Continuing Operations of $0.23
- Includes $0.23 per share non-cash actuarial loss on pension and OPEB
To view this presentation - or any of our previously published financial quarter presentations - please visit https://investors.rexnordcorporation.com/events-and-presentations/presentations/default.aspx
Financial statements presentation and disclosure NCAA Case studyVincent A Chuwa
Registered Auditing & Accounting Firm operating from Arusha Tanzania. We are member firm of AGN International, a worldwide association of separate and independent accounting and consulting firms serving business organizations throughout the world.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
2.
QUALITATIVE CHARACTERISTIC OF FINANCIAL
STATEMENT
COMPONENT OF FINANCIAL STATEMENT
ELEMENT OF FINANCIAL STATEMENT
RECOGNITION OF ELEMENT OF FINANCIAL
STATEMENT
DESCRIPTION OF FINANCIAL STATEMENT
PERIOD OF FINANCIAL STATEMENT
APPROVAL OF FINANCIAL STATEMENT
DISCLOSURE OF ITEMS IN FINANCIAL STATEMENT
SPECIMEN OF FINANCIAL STATEMENT UNDER IFRS
SUMMARY
Presentation of financial
statement(adeadebayo1751@yahoo.com)
01/22/14
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6.
ASSETS. Are resources presently control by
an entity in which an inflow of economic
benefit are expected
Asset can only be recognized if;
It can be measured reliable
It can be demonstrated that there will be an
inflow of economic benefits
an entity presently control the asset
It can be demonstrated that the asset will be
used to generate economic benefit, or used
to accelerate generation of economic benefit
Presentation of financial
statement(adeadebayo1751@yahoo.com)
01/22/14
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7. LIABILITIES. Are present obligation due to an
organization in which an outflow of economic
benefit are expected.
Liability can only be recognized if;
contractual & legal obligation exist
it can be demonstrated there will be an
outflow of economic benefit
It can be measured reliable
Presentation of financial
statement(adeadebayo1751@yahoo.com)
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8. INCOME; Are gross inflow of economic benefit
during an accounting year end.
Income can only be recognized if;
There will be an inflow of economic benefit
from operating activities for the period
There is increase in asset
There is decrease in liabilities
Presentation of financial
statement(adeadebayo1751@yahoo.com)
01/22/14
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9. EXPENSES; Are gross outflow of economic
benefit during an accounting year end.
Expenses can only be recognized if ;
It can be demonstrated that there will be an
outflow of economic benefit from the
operating activities for the year end
There is increased in liabilities
There is decreased in asset
Presentation of financial
statement(adeadebayo1751@yahoo.com)
01/22/14
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12.
IAS 1 states that an entity must approved
there financial statements for the users of
financial statement to make a timely and
effective economic decision on or before six
(6months) after their reporting date (year
end)
Presentation of financial
statement(adeadebayo1751@yahoo.com)
01/22/14
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13. IAS 1 states that an entity must disclosed in
the notes to the account all material items in
the financial statements to aid users
understanding and decision making
Presentation of financial
statement(adeadebayo1751@yahoo.com)
01/22/14
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14. ADEADEBAYO NIGERIA PLC
STATEMENT OF FINANCIAL POSITION
as at 31 DECEMBER, 2011
#’000
#’000
Assets
Non-current assets
Property, plant and equipment
******
Investments at fair
******
Goodwill
******
Developmental cost
******
Patent right & others
******
TOTAL NON CURRENT ASSET
******
Presentation of financial
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15. CURRENT ASSET
#’000
Inventory
Trade Receivables
Bank
Cash
Bill of exchange receivable
Government Grant receivable
Loan Advanced receivable
Prepayments
TOTAL CURRENT ASSET
TOTAL ASSET
Presentation of financial
statement(adeadebayo1751@yahoo.com)
01/22/14
#’000
******
******
******
******
******
******
******
******
******
******
15
17. LIABILITIES
#’000
NON CURRENT LIABILITIES
Preference share
Debenture
Long term liabilities
Deferred income
Contingent liabilities
Deferred tax liabilities
Leased obligations
TOTAL NON CURRENT LIABILITIES
Presentation of financial
statement(adeadebayo1751@yahoo.com)
01/22/14
#’000
******
******
******
******
******
******
******
******
17
18. CURRENT LIABILITIES
#’000
Trade payable
Bank overdraft
Tax payable
Accrual
Short time loan
TOTAL CURRENT LIABILITIES
TOTAL EQUITY & LIABILITIES
Presentation of financial
statement(adeadebayo1751@yahoo.com)
01/22/14
#’000
******
******
******
******
******
******
******
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19. ADEADEBAYO NIGERIA PLC SOPOLAOCI
FOR THE YEAR ENDED 31 DEC 2011 #’000
Revenue
Cost of sales (w (i))
*******
(*******)
––––––––
*******
(*******)
(*******)
––––––––
*******
Gross profit
Distribution costs
Administrative expenses
Operating Income
Investment income
Gain on fair value of investments
*******
*******
Finance costs
(*******)
––––––––
*******
(*******)
––––––––
*******
––––––––
Profit before tax
Income tax expense
Profit for the period
Presentation of financial
statement(adeadebayo1751@yahoo.com)
01/22/14
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20. OTHER COMPREHENSIVE INCOME;
#000
Gain/loss on foreign exchange
******
Revaluation surplus
******
F/V increase in NCA available 4sales ******
Gain/loss on employee benefit
******
Total other comprehensive income ******
Total comprehensive income
******
Presentation of financial
statement(adeadebayo1751@yahoo.com)
01/22/14
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21. ADEADEBAYO NIGERIA PLC
STATEMENT OF CHANGE IN EQUITY
as at 31 December 2011
O/S
S/P
R/E R/R G/R TOTAL
#
#
#
#
#
#
Bal b/d
***
***
*** ***
***
****
Prior yr adj ***
****
Movement
Profit for the yr *** ****
Bal b/d
***
***
***
***
***
****
Presentation of financial
statement(adeadebayo1751@yahoo.com)
01/22/14
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22. IAS 7 governs cash flow statement. It allow two
method of presentation
1.Direct Method
2. Indirect Method
Presentation of financial
statement(adeadebayo1751@yahoo.com)
01/22/14
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23. ADEADEBAYO NIGERIA PLC
STATEMENT OF CASH FLOW
AS AT 3I DEC 2011
INDIRECT METHOD
#’000
OPERATING ACTIVITIES
Profit b/4 tax
******
Add/lee non cash items;
Depreciation
******
Amortization
******
Profit/loss on disposal of pp
******
Provisions
******
Finance cost
******
Presentation of financial
statement(adeadebayo1751@yahoo.com)
01/22/14
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24. #’000
Movement in working capital;
Increase/decrease in inventory
Increase/decrease in Receivable
Increase/decrease in Payable
Increase/decrease in lease
Cash generated from operation
Less finance cost paid
Cash generated b/4 tax
Tax paid
Net operating cash flow
Presentation of financial
statement(adeadebayo1751@yahoo.com)
01/22/14
******
******
******
******
*******
(*****)
*******
(******)
*******
24
25. INVESTING ACTIVITIES
Purchase of PPE
#’000
(*****)
Disposal proceed from PPE
Developmental cost
Investment cost
Dividend received from investment
Investment income
Net investing Activities
******
(*****)
(*****)
******
******
******
Presentation of financial
statement(adeadebayo1751@yahoo.com)
01/22/14
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26. FINANCING ACTIVITIES;
Ordinary shares issued
Loan note redeemed
Preference shares issued
Dividend paid
Net financing Activities
Cash balance b/d 1/1/2011
Net cash flow for the year
Cash balance b/d 31/12/2011
Presentation of financial
statement(adeadebayo1751@yahoo.com)
01/22/14
#’000
******
(*****)
******
(*****)
*******
*******
*******
*******
26
27. NOTE; Under direct method or indirect method
the presentation for INVESTING ACTIVITIES
and FINANCING ACTIVITIES remain the same
except for operating activities.
Presentation of financial
statement(adeadebayo1751@yahoo.com)
01/22/14
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28. $000
Cash generated from customer xxxxx
Cash paid to supplier
(xxxx)
Cash paid to employee
(xxxx)
_____
Net cash flow from operation
xxxx
Finance cost paid
(xxxx)
Net cash flow b/4 Tax
xxxx
Tax paid
(xxxx)
Net operating cash flow
xxxx
Presentation of financial
statement(adeadebayo1751@yahoo.com)
01/22/14
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