TAILIEUCHUNG - Lecture Framework of financial reporting - Lecture 3

The main contents of the chapter consist of the following: Introduction to published accounts, draw – statement of changes in equity, introduction to publishes accounts, profit-orientated sector,. | Revise lecture 3 1 Revise lecture 3 Development of IFRS 2 Revise lecture 3 GAAP A conceptual framework Qualitative characteristics of FS 3 3 Introduction to Published accounts 4 Introduction to Publishes accounts Preparation of FS for companies In most jurisdictions the structure and content of FS are defined by local law. IASs, however, designed to work in any jurisdiction and therefore require their own set of requirements for presentation of FS. This is provided in IAS1, revised June 2011 5 Introduction to Publishes accounts A complete set of financial statements comprises: A statement of financial position (SFP) A statement of comprehensive income A statement of changes in equity A statement of cash flows Accounting policies and explanatory notes 6 Introduction to Publishes accounts IAS 1 (revised) does not require the above titles to be used by companies. It is likely in practice that many companies will continue to use the previous terms of balance sheet rather than statement of financial position and cash flow statement rather than statement of cash flows 7 Draw - SFP 8 Draw – Statement of changes in equity 9 Introduction to Publishes accounts IAS 1 Presentation of financial statements requires that you prepare either; A statement of comprehensive income showing total comprehensive income or An income statement showing the realised profit or loss for the period PLUS a statement showing other comprehensive income 10 Draw – Statement of comprehensive income 11 Draw – Income statement plus 12 Draw – Statement of comprehensive income 13 Introduction to Publishes accounts Not-for-profit and public sector entities The main aim of not-for-profit and public sector entities are very different to those of profit-orientated entities 14 Introduction to Publishes accounts Profit-orientated sector Financial aim is to make profit and increase shareholder wealth Not-for-profit / Public sector Financial aim is to achieve value for money / provide service 15 Introduction to .

• Tài chính doanh nghiệp
• Financial Reporting
• Framework of financial reporting
• Lecture Framework of financial reporting
• Regulatory system
• Financial statements
• Reporting financial performance
• Reporting financial performance
• Financial accounting
• International financial reporting standards
• Financial reporting standards
• Merchandising operations
• Internal control
• Stockholders’ equity
• Financial statement analysis
• Financial information
• Economics of accounting information
• Computer associates international
• Financial reporting for leases
• Lease contracts
• Lessee accounting
• International financial reporting
• Conceptual framework
• Financial position
• Interpreting financial statements
• Consolidated financial statements
• Financial statements comprises
• Corporate financial reporting
• Group financial statements
• Sustainability reporting
• Reporting through XBRL
• Government accounting in india
• Regulatory framework
• Contingent liabilities