Financial Statements

Management of the Company and those charged with Governance.

R1791.00

Differential cash is the difference in cash due between selecting between different alternative options or projects.

Cash flow per share means how much any company has earned cash flow per outstanding share same like net profit per share which is as follows:

cash flow per share = total cash flow / number of outstanding shares

quick ratio

FS10N - is the the transaction code used for GL Account Balance Display

debit retained earnings/cash / bank
credit patent account

Accumulated depreciation is the contra account in balance sheet to reduce the price of assets from balance sheet and depreciation is the expense account which shows the current year's expense in income statement, so depreciation account is closed in accumulated depreciation account to show the overall reduction in the price of assets for more than one fiscal year.

Tax should be recorded in the general journal because it is an expense.

Charge slip refers to the voucher printed after swiping and charging a debit or credit card.

Management is initially responsible for preparing financial statements and auditors are responsible for reasonable assurance

IFRS-International Financial Reporting Standard.

Prime purpose of preparing cash flow statement is to tally the closing bank balance with opening bank balance so if there is a bank overdraft or negative bank balance it will automatically adjusted when complete cash flow statement is prepared. If after the preparation of cash flow, cash flow balance and bank balance don't tally it means there is some mistake in cash flow statment and it should be reviewed for any correcions.

Dividend isn't an expense or a loss. It is distribution of previous year earning. It isn't part of the computation of net income. So that it is not presented in Income Statement, but Retained Earnings & Stockholder's Equity. CMIIW.

Accrued expenses are those expenses which are incurred but no amount is paid yet.

Provisions are created to be adjusted against actual expenses occurs during the fiscal year and advance liability is created in balance sheet.

Main changes that arise in the financial statements upon acquisition are:

* Profit & loss statement: adding the main operating line items of the target to the acquirer (e.g. revenue, EBITDA). Adding any synergies such as revenue increases, cost savings, cost increases e.g. restructuring costs. Adding increased financing costs arising for example through an increase in debt taken on fund the acquisition; * Balance sheet: adding the main line items of the target to the acquirer. Adjusting for finance taken on to fund the acquisition e.g. an increase in debt. Adding "goodwill" that arises on acquisition. Goodwill is a type of intangible asset. It is a non cash accounting entry on the balance sheet. It represents the surplus of the price paid by the acquirer over the target's net assets. Net assets equals the difference between total assets and liabilities on the balance sheet. It is also known as shareholders' funds or shareholders' equity. * Cash flow: adding the cash impact of the adjustments above. See http://financial-training-company.blogspot.com/2009/08/financial-modelling-in-excel-how-to.html for more detail. Posted by www.financialtrainingassociates.com

yes

*Heading

*Revenue

*Expenses

*Net income

R&D goes on the income statement, generally as an operating expense in the current year. You can no longer capitalize (balance sheet) R&D.

To calculate profit, you would need to measure the revenues and expenses generated by the business over a given period. You would then subtract the expenses from the revenues to calculate the amount of profit. It might be helpful to invest in accounting software designed for small businesses such as Peachtree or Quickbooks. It is also possible to record revenues and expenses by hand or by using a simple spreadsheet program such as Microsoft's Excel.

Debit revenue account
Credit income statement

Premium on debenture is shown in cash flow from financing activities because debentures are used to finance the business activities.

The question is a bit confusing, however if you mean "a" shed, as in used for storage or even some companies purchase sheds to use as an office building, then YES it is a Fixed Asset.

A fixed asset (also known as Long-Term Asset or Property, Plant, & Equipment [PP&E] are used in accounting for assets or property that can not be easily converted to cash.

Unlike Current assets such as Cash, Merchandise, Accounts Receivable, which usually can be converted into cash rather quickly.

Cash flow notes are legally-binding contracts which document the promise of the borrower to repay the lender. Currently, there are more than sixty types of cash flow notes. Some of the more common types include real estate, structured settlements, and business notes. Real estate cash flow notes are secured by real property such as a commercial building, residential house, mobile home, automobile, boat, or airplane. When real property is used to secure real estate notes, a mortgage or trust deed is added. Structured settlements are financial instruments used to compensate individuals who have been injured due to the negligence of an individual or organization. This type of cash flow note is secured using annuity payments typically paid to the recipient over an extended period of time. Business cash flow notes are secured by assets owned by the business. There are different types of business cash flow notes including: seller carry back notes, purchase order funding, and factoring.