CHAPTER THIRTEEN The Cash Flow Statement and Decisions Review Previous chapters examined the information provided by the income statement, balance sheet, and statement of changes in owners’ equity. Fits Where This Chapter In addition, a brief introduction to the cash flow statement was provided in Chapters 2 and 3. Where This Chapter Fits This chapter examines the cash flow statement in depth and focuses on how the information provided by this important statement is used for financial
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lists all the accounts that a company uses in its accounting system. The accounts are usully organized into the following sequence. 1. Asset accounts Examples: * Cash | (Amount of cash on hand) | * Accounts Receivables | (Amount owed to the company for services performed or products sold, where the cash has not yet been received) | * Property and Equipment | (Amount of land, buildings and equipment) | * Prepaid Insurance | (Insurance paid in advance, but not yet
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Financial Statements Cash Flow Statement Notes 30 CASH FLOW STATEMENT In the previous lesson, you have learnt various types of analysis of financial statements and its tools such as comparative statements, common size statement and trend analysis, etc. You have also learnt various kinds of accounting ratios such as liquidity, activity, profitability, solvency, etc. You have learnt that accounts are mainly maintained on accrual basis but cash also plays significant role. Cash is mainly
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2………………………………………………………...18 Recording– Mobile Life (captivate only)………………………….………………....20 Cash Flow – Mobile Life Cash Flow Statement (captivate only) …..……………. 24 Cash Flow – Swin Ltd. Cash Flow Statement Year 2…………………………….…27 Analysis – Fulton Fabricators…………………………………………………….…..31 Analysis – Swin Ltd (refer topic 8 page 21)………………….………………………33 Revision Questions – CVP, Operational Decision making, Costing, Cash Budgets…..……………………………………………………………………………..……….34 Exam 2/2011…………………………………………………………………………
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Executive summary Cash Flow Statement and Disclosure are potentially significant means for management to communicate company’s performance and governance to outside investors. Demand for Cash Flow Statement and disclosure arise from information asymmetry and agency problem between owners and management. The 1st chapter of this report is Introduction. It remain Origin of the project and thesis work, Background of the Report, Objective of the report, General objective, Project objective, Scopes,
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4/8/2011 Cash Flows Scribd Upload a Document Search Books, Presentations, Business, Academics... Search Documents Explore Documents Books - Fiction Books - Non-fiction Health & Medicine Brochures/Catalogs Government Docs How-To Guides/Manuals Magazines/Newspapers Recipes/Menus School Work + all categories Featured Recent People Authors Students Researchers Publishers Government & Nonprofits Businesses Musicians Artists & Designers Teachers + all categories Most Followed Popular
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decision-making in changing economic, social and technological environments; 3. Develop a critical approach to analysing and evaluating accounting policies and practices; 4. Develop skills of communication, analysis, interpretation and presentation of both qualitative and quantitative accounting information. ASSESSMENT OBJECTIVES AO1 Knowledge and Understanding Demonstrate knowledge and understanding of accounting concepts, principles and practices related to the recording and presentation of financial
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should be able to: LO1 LO2 LO3 LO4 LO5 LO6 Describe the key differences between job order costing and process costing. Describe the source documents used to track direct materials and direct labor costs to the job cost sheet. Calculate a predetermined overhead rate and use it to apply manufacturing overhead cost to jobs. Describe how costs flow through the accounting system in job order costing. Calculate and dispose of overapplied or underapplied manufacturing overhead. Calculate the cost of goods manufactured
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should be able to: LO1 LO2 LO3 LO4 LO5 LO6 Describe the key differences between job order costing and process costing. Describe the source documents used to track direct materials and direct labor costs to the job cost sheet. Calculate a predetermined overhead rate and use it to apply manufacturing overhead cost to jobs. Describe how costs flow through the accounting system in job order costing. Calculate and dispose of overapplied or underapplied manufacturing overhead. Calculate the cost of goods manufactured
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The Statement of Cash Flows Purpose of a statement of cash flows: To provide information about the cash inflows and outflows of an entity during a period. To summarize the operating, investing, and financing activities of the business. The cash flow statement helps users to assess a company’s liquidity, financial flexibility, operating capabilities, and risk. The statement of cash flows is useful because it provides answers to the following important questions:
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