Flashcards
Set of Financial Statements
Flashcards do conjunto (4)
- 1What should be identified on the Statement of Comprehensive Income?- Expenses: administration, rent, travel..
- Income: depends on the type of company (i.e. sales) - 2What 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 - 3What should be identified on the Statement of Cash Flow?- Operating activities
- Investing activities
- Financing activities
( received or paid interest and dividends ) - 4What 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