Karteikarten
Untitled_2
Karten in diesem Stapel (10)
- 1IAS 2 - Inventory Inventory is defined as...?Goods held for sale (finished goods)
...or
raw materials to be used in production (raw materials)
...or
goods in process of production (work in progress) - 2IAS 7 – Cash Flow Statements What are the three headings required in a statement of cash flow?OPERATING ACTIVITIES
INVESTING ACTIVITIES
FINANCING ACTIVITIES - 3IAS 10 – Events after the reporting period What is an adjusting event?Events that provide evidence of conditions that actually existed at the end of the reporting period, albeit they were not known at the time
- 4IAS 10 – Events after the reporting period What is a non-adjusting event?Events that are 'post balance sheet (financial statement ) events that are indicative of conditions that arose after the reporting period
- 5IAS 10 – Events after the reporting period What is an 'event after the reporting period'?Events, both favourable and unfavourable that occur between the balance sheet (statement of financial position) date and the date of the approval of the accounts.
- 6IAS 16 – Property Plant and Equipment Define 'Property Plant and Equipment'Property, plant and equipment
held for use in the production or supply of goods and services for rental to others, or for administrative purposes; and are expected to be used during more than one period - 7IAS 16 – Property Plant and Equipment Define the term 'Depreciation'Depreciation
the systematic allocation of the depreciable amount (cost or valuation less residual value) of an asset over its useful economic life. - 8IAS 16 – Property Plant and Equipment Define the term 'Fair value'Fair Value
the amount for which an asset could be exchanged between knowledgeable willing parties in an arm’s length transaction. - 9IAS 16 – Property Plant and Equipment Owned assets - how are they accounted for?Capitalised at cost (include any directly attributable costs incurred in bringing the asset into working condition)
Other property, plant and equipment items – depreciate
Cost - Residual Value divided by
Expected useful life
Land - no depreciation - 10IAS 17 Leases What are the two types of leases ?Finance lease
Operating lease
Informationen
- Beschreibung
- Financial Statements (Ratios) Karteikarten am Untitled_2, erstellt von Mike Webster am 15/08/2013.
- Erstellt von
- Mike Webster · Aug 2013
- Aktualisiert
- 11 Jun 2016
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- 181
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