754063
Descrição
Mapa Mental por lpwhitaker88, atualizado more than 1 year ago
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Criado por lpwhitaker88
mais de 10 anos atrás
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Accounting principles and prcoedures
- Profit and loss accounts / income statements
- Summary of the business's income and
expenditure transactions, prepared usually
on an annual basis.
- Turnover - cost of sales (gross profit)
- minus admin expenses = operating profit
- tax on op profit (net profit)
- admin expenses -
wages/NI/rent/service
charges/rate/insurance/light and
heat/motor/advertising/telephone
- tax on op profit (net profit)
- minus admin expenses = operating profit
- Turnover - cost of sales (gross profit)
- Summary of the business's income and
expenditure transactions, prepared usually
on an annual basis.
- Cash flow forecasts
- Balance sheets
- Statement of the business's financial position
showing assets and liabilities at a given date,
usually at end of a financial year
- fixed assets (tangible and intangible)
- current assets (stocks/debtors/cash at bank and in hand)
- creditors
- total = net current assets
- less total liabilities
- less total liabilities
- total = net current assets
- creditors
- current assets (stocks/debtors/cash at bank and in hand)
- fixed assets (tangible and intangible)
- Statement of the business's financial position
showing assets and liabilities at a given date,
usually at end of a financial year
- Management accounts
- Prepared for internal use
by a business and not
audited
- Prepared for internal use
by a business and not
audited
- Audited accounts
- Prepared by a chartered
accountant
- Prepared by a chartered
accountant
- cash flow statements
- shows actual receipts and
expenditure to include VAT
- shows actual receipts and
expenditure to include VAT
- UK GAAP
- Generally accepted accounting
principles as agreed in the UK. Vals
for inclusion in financial statements
are prepared in accordance with
UKGAAP
- Generally accepted accounting
principles as agreed in the UK. Vals
for inclusion in financial statements
are prepared in accordance with
UKGAAP
- IFRS
- International financial
reporting standards
- adopted by uk, fair value definition
- adopted by uk, fair value definition
- International financial
reporting standards
- FRS
- Financial reporting standard
- FRS 15 - Requires
companies to revalue their
tangible fixed assets
- Owner occupied property is to be valued
on the basis of existing use value
- Investment properties are to be
values on the basis of market
value
- Investment properties are to be
values on the basis of market
value
- Owner occupied property is to be valued
on the basis of existing use value
- FRS 15 - Requires
companies to revalue their
tangible fixed assets
- Financial reporting standard
- IAS
- International accounting standards
- International accounting standards
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