Financial Statements

Charlemagne
Mind Map by , created almost 5 years ago

Mind Map on Financial Statements, created by Charlemagne on 12/07/2014.

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Charlemagne
Created by Charlemagne almost 5 years ago
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Financial Statements
1 Financial Position: Balance sheet
1.1 Assets/Liabilities/Shareholders' equity
1.1.1 Assets
1.1.1.1 Liabilities
1.1.1.1.1 Payable/Unearned Revenue
1.1.1.2 Cash/Trade Receivables/Prepaymetns/etc...
1.1.2 Equity
1.1.2.1 Share Capital/Retained Earnings
1.2 Assets = Liabilities + Shareholders' Equity
1.3 Statement of Financial Position
2 Income Statement
2.1 Revenues less expenses in accounting period
2.1.1 Typical Accounts
2.1.1.1 Revenues: Sales, Fee, Interest Rent
2.1.1.2 Expenses: Wages, rent, interest, etc...
2.2 Profit Added to -
3 Statement of Retained earnings
3.1 Accumulation of profits not yet distributed
3.2 Retained Earnings from Previous Year
3.2.1 Plus: Yearly Profits
3.2.1.1 Less: Dividents
3.2.1.1.1 +/- Other changes
3.2.1.1.1.1 Ending Retained Earnings
3.2.1.1.1.1.1 Retained Earnings
3.3 Ending retained earnings -
4 Cash Flow Statements
4.1 Inflows and outflows of cash in operating, investing, and financing
4.2 ENDING CASH BALANCE: Into balance sheet
5 Closing the books
5.1 Closed (temporary
5.1.1 All Revenue Accounts
5.1.1.1 All Expense Accounts
5.1.1.1.1 Dviidends
5.2 Permanent (Open)
5.2.1 Assets/Liabilities Accounts
5.2.1.1 Equity