Financial Statements

Prepaid expenses, depreciation, accrued expenses, unearned revenues, and accrued revenues are all examples of

these payments will be shown in cash flow from investing activities.

The company that would be called Symetra Financial began in 1957. In 1987 this company became known as Symetra Financial, resulting in becoming an independant company in 2004.

The Balance Sheet.

Profit & Loss Account is the Statement showing indirect expenses and receivable of a Company where as Balance Sheet is the Statement highlighting Assets and Liabilities of the said Company.

Income statement only shows the transactions the benefit of which have already taken as in case of accounts receivable money is required to receive in future time that;s why it is an asset of company as the benefit of that cash is deffered for future time, that's why accounts receivable is shown in balance sheet of company.

You use a sales receipt when: You receive full payment at the time of sale (or by the time you enter the transaction into Quickbooks) The customer paid using only one payment method (ex: only used a debit card or only used a credit card).

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Post is used at the beginning of the month where trial balance is the balance of your financial statement at the end of the month.

www.hawkeye.cc.ia.us/faculty/pgeer/Payroll/Ch%2006_2008%20final.ppt This about covers it. A big ATTABOY to the facilitator and creator of the ppt. Enjoy Accounting. MAFSTAXMAN

Accumulated depreciation and depreciation are related with each other as depreciation is annual expense while accumulated depreciation is the sum of all annual depreciation expenses.

Free cash flow is the sum of operating and investing cash flows, which are reported on the cash flow statement.

If the investment is derived from income, look at the return and make a choice

An installment sale is a special type of credit arrangement which provides for payment in periodic installments over a predetermined period of time and results from the sale of real estate, merchandise, or other personal property. In the ordinary credit sale, the collection interval is short(3-90days) and title passes unconditionally to the buyer concurrently with the completion of the sale(delivery). In contrast, in an installment sale the cash down payment at the date of sale is followed by payments over a longer period of time (six months to several years), and in many states the transfer of title remains conditional until the debt is fully discharged.

False

Finance expense is that amount paid for the acquisition and using debt or equity finance like interest, brokerage fee, etc

Administrative expense is that amount which is used to run day to day activities of business like admin staff salaries rent insurance etc

details of profit and loss appropriation account Profit and loss appropriation account is prepared after profit and loss account..It s a account where the profits earned by the company is brought in from profit and loss accont and it s distributed to various accounts like interim divident account, provision for taxiation account, general reserve account etc.....it s a account which shows how the profits are distributed in an organisation.....

Relative future cash position can be determined by following aspects:

1. The Working cycle of the company

2. Debt Servicing required in future.

3. Requirement of Funds for purchasing capital assets etc.

The above list is inclusive list of the cash outflows of the business enterprise.

Cash Outflows as well as inflows needs to be determined in order to get details of cash position in future.

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Operating Leverage may be defined as the ability of a firm to use its fixed operating costs (rent etc.) to magnify the effect of changes in sales on its earnigs before interest and tax (EBIT).

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in accounting all facts are not recorded only those facts or transactions are recorded which can be represented in terms of money and which can not be recorded fall beyond the scope of accounting thus in accounting the recorded facts are those which can be presented in monetary terms.

profit

Capital Employed = Fixed assets + current assets - current Liabilities

Yes investment account in balance sheet shows the investment in stocks of other companies only.