5. Figure 5.1 Overview (source: www.iasb.org) Use with Financial Accounting and Reporting: A Global Perspective, 3rd Edition , ISBN 1-4080-2113-2 © 2010 H. Stolowy, M. J. Lebas and Y. Ding

9. 3 Figure 5.2 Presentation of the balance sheet Use with Financial Accounting and Reporting: A Global Perspective, 3rd Edition , ISBN 1-4080-2113-2 © 2010 H. Stolowy, M. J. Lebas and Y. Ding

12. Difference between single-step and multiple-step Use with Financial Accounting and Reporting: A Global Perspective, 3rd Edition , ISBN 1-4080-2113-2 © 2010 H. Stolowy, M. J. Lebas and Y. Ding Difference refers to the two different ways to write the basic business equation (see Chapter 2)

17. Table 5.8 UK Format Multiple-step vertical balance sheet Use with Financial Accounting and Reporting: A Global Perspective, 3rd Edition , ISBN 1-4080-2113-2 © 2010 H. Stolowy, M. J. Lebas and Y. Ding

18. Table 5.9 Single-step vertical balance sheet Use with Financial Accounting and Reporting: A Global Perspective, 3rd Edition , ISBN 1-4080-2113-2 © 2010 H. Stolowy, M. J. Lebas and Y. Ding Most continental European firms tend to report this format

19. 4 Figure 5.6 Presentations of the income statement Use with Financial Accounting and Reporting: A Global Perspective, 3rd Edition , ISBN 1-4080-2113-2 © 2010 H. Stolowy, M. J. Lebas and Y. Ding

20. Figure 5.7 Vertical versus horizontal presentations Use with Financial Accounting and Reporting: A Global Perspective, 3rd Edition , ISBN 1-4080-2113-2 © 2010 H. Stolowy, M. J. Lebas and Y. Ding

23. Table 5.13 Vertical income statement (by function) Use with Financial Accounting and Reporting: A Global Perspective, 3rd Edition , ISBN 1-4080-2113-2 © 2010 H. Stolowy, M. J. Lebas and Y. Ding Presentation closer to managerial accounting

24. Table 5.17 U.S. multiple-step income statement Use with Financial Accounting and Reporting: A Global Perspective, 3rd Edition , ISBN 1-4080-2113-2 © 2010 H. Stolowy, M. J. Lebas and Y. Ding

25. Table 5.18 Comparison between income statement by nature and by function Use with Financial Accounting and Reporting: A Global Perspective, 3rd Edition , ISBN 1-4080-2113-2 © 2010 H. Stolowy, M. J. Lebas and Y. Ding

27. Table 5.19 Example of information found in the notes Use with Financial Accounting and Reporting: A Global Perspective, 3rd Edition , ISBN 1-4080-2113-2 © 2010 H. Stolowy, M. J. Lebas and Y. Ding Notes = qualitative and quantitative comments or specification of hypotheses

37. Figure 6.1 Differences between taxable and pre-tax income Use with Financial Accounting and Reporting: A Global Perspective, 3rd Edition , ISBN 1-4080-2113-2 © 2010 H. Stolowy, M. J. Lebas and Y. Ding

38. Table 6.1 Method 1: Direct computation Use with Financial Accounting and Reporting: A Global Perspective, 3rd Edition , ISBN 1-4080-2113-2 © 2010 H. Stolowy, M. J. Lebas and Y. Ding

39. Table 6.2 Method 2 – Reconciliation in year X1 Use with Financial Accounting and Reporting: A Global Perspective, 3rd Edition , ISBN 1-4080-2113-2 © 2010 H. Stolowy, M. J. Lebas and Y. Ding

40. Table 6.3 Permanent differences Use with Financial Accounting and Reporting: A Global Perspective, 3rd Edition , ISBN 1-4080-2113-2 © 2010 H. Stolowy, M. J. Lebas and Y. Ding Impact of permanent differences

41. Figure 6.2 Temporary differences and income Use with Financial Accounting and Reporting: A Global Perspective, 3rd Edition , ISBN 1-4080-2113-2 © 2010 H. Stolowy, M. J. Lebas and Y. Ding

42. Table 6.4 Examples of expenses that are tax deductible in a period later than they are recorded under financial accounting rules |(see also Case 1 on the next slide) Use with Financial Accounting and Reporting: A Global Perspective, 3rd Edition , ISBN 1-4080-2113-2 © 2010 H. Stolowy, M. J. Lebas and Y. Ding

43. Case 1, method 1, Table 6.5 Effect of a provision when local GAAP do not allow deferred tax accounts Use with Financial Accounting and Reporting: A Global Perspective, 3rd Edition , ISBN 1-4080-2113-2 © 2010 H. Stolowy, M. J. Lebas and Y. Ding

44. Case 1, method 2, Table 6.6 Accounting for deferred income taxes Use with Financial Accounting and Reporting: A Global Perspective, 3rd Edition , ISBN 1-4080-2113-2 © 2010 H. Stolowy, M. J. Lebas and Y. Ding

45. Figure 6.3 Recording a deferred tax asset in the financial accounting (GAAP-based) books Use with Financial Accounting and Reporting: A Global Perspective, 3rd Edition , ISBN 1-4080-2113-2 © 2010 H. Stolowy, M. J. Lebas and Y. Ding

48. Illustration Use with Financial Accounting and Reporting: A Global Perspective, 3rd Edition , ISBN 1-4080-2113-2 © 2010 H. Stolowy, M. J. Lebas and Y. Ding

49. Table 6.7 Case of an expense which is tax deductible earlier than under GAAP (method 1) Use with Financial Accounting and Reporting: A Global Perspective, 3rd Edition , ISBN 1-4080-2113-2 © 2010 H. Stolowy, M. J. Lebas and Y. Ding

50. Table 6.8 Accounting for deferred income taxes (method 2) Use with Financial Accounting and Reporting: A Global Perspective, 3rd Edition , ISBN 1-4080-2113-2 © 2010 H. Stolowy, M. J. Lebas and Y. Ding

51. Figure 6.4 Recording a deferred tax liability Use with Financial Accounting and Reporting: A Global Perspective, 3rd Edition , ISBN 1-4080-2113-2 © 2010 H. Stolowy, M. J. Lebas and Y. Ding

63. Figure 6.5 Components of the total comprehensive income Use with Financial Accounting and Reporting: A Global Perspective, 3rd Edition , ISBN 1-4080-2113-2 © 2010 H. Stolowy, M. J. Lebas and Y. Ding

64. Annual report Heineken 2009 Intermediate Financial Accounting I

66. In miljoenen EURToelichting 2008 A angepast* Activa Materiële vaste activa 14 6.314 4.673 Immateriële activa 15 7.109 2.110 Investeringen in geassocieerde deelnemingen en joint ventures 1.145 892 Overige investeringen 17 641 397 Vooruitbetalingen verstrekt aan afnemers 346 209 Latente belastingvorderingen 18 259 316 Totaal vaste activa 15.814 8.597 Voorraden 19 1.246 883 Overige investeringen 17 14 14 Handels- en overige vorderingen 20 2.504 1.769 Vooruitbetalingen en overlopende activa 231 110 Geldmiddelen en kasequivalenten 21 698 560 Activa geclassificeerd als aangehouden voor verkoop 7 56 21 Totaal vlottende activa 4.749 3.357 Totaal activa 20.563 11.954