Set of Financial Statements

Sunia Abdal
Flashcards by Sunia Abdal, updated more than 1 year ago
Sunia Abdal
Created by Sunia Abdal about 5 years ago
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What should be identified on the Statement of Comprehensive Income? - Expenses: administration, rent, travel.. - Income: depends on the type of company (i.e. sales)
What should be identified on the Statement of Financial Position? -Equity: investments by owners - Non current Assets: machinery, lands.. - Current Assets: Cash, trade receivable -Non-current Liabilities: Prepayments - Current Liabilities: Loan
What should be identified on the Statement of Cash Flow? - Operating activities - Investing activities - Financing activities ( received or paid interest and dividends )
What should be identified on the Statement of Changes in Equity? - Amount of total comprehensive income - Amount of dividends distributed to shareholders - Transaction with owners: Contributions and distributions
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