ACCOUNTING FOR MANAGERS MBA/DCC 102

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "ACCOUNTING FOR MANAGERS MBA/DCC 102"

Transcription

1 Nature and scope of Accounting ACCOUNTING FOR MANAGERS MBA/DCC 102 Accounting may be regarded as an art of recording, classifying and summarizing of money transactions and events Accounting may be regarded as a science in its being able to use scientific and analytical techniques for solving managerial problems Accounting may be regarded as an information system for providing information needed by the stakeholders Accounting may be regarded as a service function in being able to serve the society through social accounting Accounting may be regarded as a language of the business because the preparers and interpreters of the financial information should understand the common language of accounting Limitations of Accounting Historical information: Accounting reports are based on the past historical information Financial information: Accounting does not reveal non monetary information like customer satisfaction, market competition, market share, etc. Inadequate Cost information: Accounting does not provide cost information to gauge the product or department-wise profitability Personal judgment: Financial information is clouded by personal judgment of the preparers like provisions, valuations, etc. Role of an Accountant Oversee accounting function Interpret the financial information Arrange and manage working capital Capital expenditure control Business decision making Keep the properties insured Balance debt and equity of the company 1

2 Look after stakeholders interests Identifying as a strategic manager Involve himself with social accounting Ensure tax and other statutory compliance Branches of Accounting Financial Accounting Cost Accounting Management Accounting Tax Accounting Distinction between cost accounting and financial accounting cost accounting 1. Deals with collection, recording, classification and allocation of costs 2. Cost reports are prepared for internal use 3. Costs are linked with products and services 4. Maintenance of cost records is not mandatory unless ordered by government 5. Audit of cost accounts is compulsory when ordered 6. No prescribed format for reports 7. It is governed by cost accounting standards financial accounting 1. Deals with the recording, classifying and summarizing of income and expenses 2. Financial statements are prepared for internal and external use 3. Monetary transactions are linked with financial statements 4. Maintenance of financial records are mandatory for companies 5. Audit of financial records are compulsory for companies 6. Financial statements are prepared in prescribed format 7. It is governed by accounting standards and GAAP 8. Determines company s profits as a whole Management Accounting - Scope (1) Management accounting information helps detection of unprofitable products, services and departments. (2) It helps to analyze the costs in the light of the competitors costs and take action for improvement (3) Use of activity based costing helps to identify cause-effect relationship of costs with a view to eliminating the non-value added activities 2

3 (4) Use of customer profitability analysis enables identification of unprofitable customer for improvement (5) It helps locating bottle-necks and constraints in manufacturing operations towards improvement of profitability (6) Management accountant helps the organization in planning control and decision making and in product pricing and inventory valuation. Financial Accounting Vs. Management Accounting Financial Accounting 1. Financial statements are used by internal and external users 2. It deals with monetary transactions of the company as a whole 3. The data are historical in nature 4. Emphasis is on accuracy of data 5. Concerned with reporting in money value 6. Financial statements are prepared in the prescribed format 7. The accounts are subjected to audit Management Accounting 1. Management accounting reports are used by internal managers 2. It deals with product profitability and future plans 3. It deals with the future projections 4. Past data are accurate and projections are realistic 5. Concerned with monetary and quantitative reporting 6. The reports are tailored to the needs of the managers 7. There is no prescribed audit 3

4 Accounting Postulates Business entity Going concern Money measurement Accounting period Accounting Concepts Matching concept Revenue realization concept Accrual concept Cost concept Dual aspect concept Accounting Standards Scope of accounting standards: Definition and applicability Principle based accounting Conformity with law IFRS harmonization Objectives of Accounting Standards harmonized policies and practices reliable accounting information improvement in operational efficiency quality of verification Protection to accountants and auditors conformity with laws facilitate updating 4

5 improved presentation of accounts reduction of cost and time List of Accounting Standards AS 1: Disclosure of Accounting Policies AS 3: Cash Flow Statements AS 5: Net profit or Loss for the period, Prior period items and Changes in Accounting Policies AS 7: Construction Contracts AS 9: Revenue Recognition AS 11: Accounting for changes in foreign exchange rates AS 13: Accounting for Investments AS 15: Employee Benefits AS 17: Segment Reporting AS 19: Leases AS 21: Consolidated Financial Statements AS 23: Accounting for investments in associates in consolidated financial statements AS 25: Interim Financial Reporting AS 27: Financial Reporting of Investments in Joint Venture AS 2: Valuation of Inventories AS 4: Contingencies and Events occurring after balance Sheet date AS 6: Depreciation Accounting AS 8: Accounting for Research and development AS 10: Accounting for Fixed Assets AS 12: Accounting for government grants AS 14: Accounting for Amalgamations AS 16: Borrowing Costs AS 18: Related Party Disclosure AS 20: EPS AS 22: Accounting for Taxes on Income AS 24: Discontinuing Operations AS 26: Intangible Assets AS 28: Impairment of Assets AS 29: Provisions, contingent Liabilities and Contingent Assets International Financial reporting Standards (IFRS IFRS is a core set of accounting practices used across the globe It is a global framework and guidance for preparing the financial statements Global presentation of financial statements should conform to IFRS terminology Useful for companies having foreign subsidiaries It will stimulate flow of global capital and competition Financial Statements Profit and Loss Account Balance Sheet Cash Flow Statement Schedules relating to profit & loss account and balance sheet Notes including note on accounting policies. 5

6 Characteristics of Financial Statements Reliability Timeliness Objectivity Verifiability Faithfulness Decision Usefulness Consistency Comparability Preparation Of final Accounts Trial Balance Profit and loss Account Balance Sheet Trial Balance 1. 1 A list of all ledger balances 2. Purpose is to check arithmetical accuracy 3. Extracted after all transactions have been posted 4. Shows only opening stock 5. Provides names of various accounts 6. May run in to several pages 7. It is for a period ended Trial Balance and Balance Sheet Balance Sheet 1.A list of assets, liabilities and capital 2.Depicts the financial health 3. Prepared after closing entries are passed and profit and loss account is ready 4. Opening stock found in the previous year balance sheet 5. Contains assets liabilities and capital 6.A compact statement 7. A snapshot at a point of time Profit and Loss Account and Balance Sheet Profit and Loss Account 1. It is for a period ended 2. Considers all income and expenditure on accrual basis 3. Prepared in single or multi-step format 4. Deals with nominal accounts 5. Prepared before balance sheet is prepared Balance sheet 1.A snapshot at a point of time 2. Provides all assets liabilities and capital 3. Assets and liabilities are arranged from nonliquid to liquid assets 4. Deals with real, personal and nominal accounts 5. Prepared after the profit and loss account is prepared 6

7 FORMAT OF TRADING & PROFIT & LOSS A/C and BALANCE SHEET TRADING & PROFIT & LOSS A/C The trading account sho ws the result of trading ( i.e., buying and selling of goods) called gross profit or gross loss. Trading account does not consider the administration, selling and financial expenses incurred in running the business. The profit and loss account shows the net profit or net loss (i.e., ultimate profit or loss) of a business for a particular trading period. It considers all the income and expenses incurred in running the business. Trading and Profit and Loss Account for the year ended Debit/Payments/Expenses Credit/Receipts/Incomes Particulars Amount Particulars Amount DIRECT EXPENSES: To Opening Stock To Purchase A/c Less: Purchase Returns A/c (If any) To Wages A/c To Power, fuel & water A/c To Carriage inward A/c To Import duty A/c To Excise duty A/c To Octroi A/c To Gross Profit c/d(balancing fig.) DIRECT INCOMES: By Sales A/c Less: Sales Return A/c (If any) By Closing Stock A/c By Gross Loss c/d (balancing fig.) Xxx Xxx Xxx Xxx To Gross Loss b/d INDIRECT EXPENSES: Office Expenses: To Salaries A/c To Rent A/c To Printing and stationery A/c To Postage and telegram A/c To Office insurance A/c To Lighting and heating A/c To Audit fees A/c To Legal Charges A/c Maintains Expenses: To Repairs A/c To Depreciation A/c Selling and distribution expenses: To Rent of warehouse A/c By Gross Profit b/d INDIRECT INCOMES: By Rent Received A/c By Interest Received A/c By Dividend Received A/c By Commission Received A/c By Bad debts recovered A/c By Discount Received A/c By Profit on sale of property A/c By Profit on sale of investment a/c By Interest on Drawing A/c By Net Loss (balancing figure) () 7

8 To Packing charges A/c To Advertisement A/c To Carriage outwards A/c To Bad debts A/c To Commission paid A/c To Travelling expenses A/c Financial Expenses: To Interest on loan A/c, To Discount allowed A/c, To Loss on sale of property A/c, To Loss on sale of investment A/c To Net Profit c/d (balancing figure) BALANCE SHEET A balance sheet, also referred to as Statement of Financial Position, is a statement that exhibits the assets and liabilities of a business enterprise prepared at a particular date. A balance sheet comprises of three parts viz., Assets, Liabilities & Capital Balance Sheet as on. Capital: Reserves and Surplus Liabilities/To Whom? Assets/What are available? LIABILITIES Amount ASSETS Amount Current Liabilities Sundry Creditors A/c Bills Payable A/c Bank overdraft(bod) A/c Outstanding Expenses A/c Income Received Advance A/c Long term Liabilities: Long term Loans Debentures Fixed Assets (Less Depreciation): Land & Building A/c Plant & Machinery A/c Furniture & Fixture A/c Typewriter & Computers A/c Vehicles A/c Goodwill A/c Patents A/c Trade Marks A/c Copy Rights A/c Long term Investments: Investment in shares, debentures, government etc Current Assets: Cash A/c 8

9 Bank A/c Short term investment A/c Sundry Debtors less Bad Debts A/c Bills Receivable A/c Stock A/c Prepaid Expenses A/c Outstanding Incomes A/c The Annual Report Usually Contains... financial statements which consist of Balance sheet, Profit & Loss A/c. Cash Flow Statements. Notes to the financial statements. Disclosure of accounting policies. Chairman s Statement. Board of Directors & Committees. Directors Report. Directors Responsibility Statement. Auditors Report. Report on Corporate Governance. Disclosure regarding Employee Stock options Schemes. List of employees receiving remuneration exceeding Rs. 60 Lakhs. Conservation of Energy Reports. Consolidated Financial Statements. Subsidiaries Financial Statements. Management Discussion and Analysis. Annual General Meeting Notice. 9

Accounting, CPT Chapter 6 CA PRATHAP SS

Accounting, CPT Chapter 6 CA PRATHAP SS Accounting, CPT Chapter 6 CA PRATHAP SS INTRODUCTION Preparation of Final Accounts is the last phase of the Accounting Process. INTRODUCTION The process of accounting starts from Transaction then entered

More information

UNIVERSITY OF CALICUT SCHOOL OF DISTANCE EDUCATION

UNIVERSITY OF CALICUT SCHOOL OF DISTANCE EDUCATION UNIVERSITY OF CALICUT SCHOOL OF DISTANCE EDUCATION B Com/BBA (2011 Admn. Onwards) II SEMESTER CORE COURSE FINANCIAL ACCOUNTING QUESTION BANK 1) Outstanding expenditure is a account. a) Nominal b) Personnel

More information

PREPARING FINAL ACCOUNTS. part

PREPARING FINAL ACCOUNTS. part 15_1312MH_CH09 27/1/05 8:38 am Page 87 PREPARING part 3 FINAL ACCOUNTS 9 The final accounts of sole traders 10 Accounting principles, concepts and policies 11 Depreciation and fixed assets 12 Bad debts

More information

Small Company Limited. Report and Accounts. 31 December 2007

Small Company Limited. Report and Accounts. 31 December 2007 Registered number 123456 Small Company Limited Report and Accounts 31 December 2007 Report and accounts Contents Page Company information 1 Directors' report 2 Accountants' report 3 Profit and loss account

More information

Large Company Limited. Report and Accounts. 31 December 2009

Large Company Limited. Report and Accounts. 31 December 2009 Registered number 123456 Large Company Limited Report and Accounts 31 December 2009 Report and accounts Contents Page Company information 1 Directors' report 2 Statement of directors' responsibilities

More information

TRADING ACCOUNT (Horizontal Format) for the year ended. Particulars. Rs.

TRADING ACCOUNT (Horizontal Format) for the year ended. Particulars. Rs. Dr. To Opening Stock To Purchases Less: Returns outwards () To Frieght & Carriage To Customs & Insurance To Wages To Gas, Water & Fuel To Factory Expenses To Royalty on Production To Cargo Expenses To

More information

CHAPTER 4. Final Accounts

CHAPTER 4. Final Accounts CHAPTER 4 Final Accounts Meaning Preparation of final account is the last stage of the accounting cycle. The basic objective of every concern maintaining the book of accounts is to find out the profit

More information

FINANCIAL STATEMENTS-I

FINANCIAL STATEMENTS-I 14 FINANCIAL STATEMENTS-I You have learnt the meaning of the financial statements and the need to prepare these for the business organisations. You have also learnt the format of these statements and the

More information

CORPORATE ACCOUNTING EXERCISES (these exercises can be used as tests if teachers wish to assess elements of this topic separately)

CORPORATE ACCOUNTING EXERCISES (these exercises can be used as tests if teachers wish to assess elements of this topic separately) CORPORATE ACCOUNTING EXERCISES (these exercises can be used as tests if teachers wish to assess elements of this topic separately) 1 The Trial Balance of Samcat Holdings Ltd at the end of the last financial

More information

Paper 2 Accounting (Syllabus 2008)

Paper 2 Accounting (Syllabus 2008) Section A- FINANCIAL ACCOUNTING 1. Which of the following is not a Fixed Asset? (a) Building (b) Bank balance (c) Plant (d) Goodwill [Hints: (b) Fixed asset is an asset held with the intention of being

More information

110 Questions(with Answers) On Accounting Basics FREE E-book from http://basiccollegeaccounting.com

110 Questions(with Answers) On Accounting Basics FREE E-book from http://basiccollegeaccounting.com (http://basiccollegeaccounting.com) Dedicated to helping Students & Teachers NOTE: 110 Questions & Answers on True Or False on Accounting Basics ACCOUNTING CONCEPTS & DOUBLE ENTRY SYSTEM True False 1.

More information

INTERNATIONAL ACCOUNTING STANDARDS. CIE Guidance for teachers of. 7110 Principles of Accounts and. 0452 Accounting

INTERNATIONAL ACCOUNTING STANDARDS. CIE Guidance for teachers of. 7110 Principles of Accounts and. 0452 Accounting www.xtremepapers.com INTERNATIONAL ACCOUNTING STANDARDS CIE Guidance for teachers of 7110 Principles of Accounts and 0452 Accounting 1 CONTENTS Introduction...3 Use of this document... 3 Users of financial

More information

INDEX TO FINANCIAL STATEMENTS. Balance Sheets as of June 30, 2015 and December 31, 2014 (Unaudited) F-2

INDEX TO FINANCIAL STATEMENTS. Balance Sheets as of June 30, 2015 and December 31, 2014 (Unaudited) F-2 INDEX TO FINANCIAL STATEMENTS Page Financial Statements Balance Sheets as of and December 31, 2014 (Unaudited) F-2 Statements of Operations for the three months ended and 2014 (Unaudited) F-3 Statements

More information

FINANCIAL STATEMENTS-II

FINANCIAL STATEMENTS-II MODULE - 3 15 FINANCIAL STATEMENTS-II You have learnt that Income Statement i.e. Trading & Profit and Loss Account and Position Statement i.e., Balance Sheet are two financial statements, which are prepared

More information

00181 December, No. of Printed Pages : 7 MHY-012. MBA IN INTERNATIONAL HOSPITALITY MANAGEMENT (MBA IHM) Term-End Examination

00181 December, No. of Printed Pages : 7 MHY-012. MBA IN INTERNATIONAL HOSPITALITY MANAGEMENT (MBA IHM) Term-End Examination No. of Printed Pages : 7 MHY-012 MBA IN INTERNATIONAL HOSPITALITY MANAGEMENT (MBA IHM) Term-End Examination 00181 December, 2014 MHY-012 : ACCOUNTING FOR MANAGERS Time : 3 hours Maximum Marks : 100 Note

More information

B. Division of Costs The purpose of a Manufacturing Account is to ascertain Cost of Production ( ).

B. Division of Costs The purpose of a Manufacturing Account is to ascertain Cost of Production ( ). Manufacturing Accounts ( ) S5 Manufacturing Account/LWL A. Function of a Manufacturing Acccount For those businesses which deal with manufacturing products. It is common in today s business to act both

More information

CA CPT SAMPLE PAPER FUNDAMENTAL ACCOUNTING (60MARKS)

CA CPT SAMPLE PAPER FUNDAMENTAL ACCOUNTING (60MARKS) CA CPT SAMPLE PAPER FUNDAMENTAL ACCOUNTING (60MARKS) 1. Which of the following provide frame work and accounting policies so that the financial statements of different enterprises become comparable? (a)

More information

CENTRE FOR CONTINUING EDUCATION BBA (AVIATION OPERATION)

CENTRE FOR CONTINUING EDUCATION BBA (AVIATION OPERATION) CENTRE FOR CONTINUING EDUCATION BBA (AVIATION OPERATION) BATCH: SEMESTER: NAME: ROLL NO: ASSIGNMENT 1 & 2 FOR BUSINESS ACCOUNTING BBCF 131 UNIVERSITY OF PETROLEUM & ENERGY STUDIES Assignment-1 Note: All

More information

ACCOUNTING CONVENTIONS AND STANDARDS

ACCOUNTING CONVENTIONS AND STANDARDS 3 ACCOUNTING CONVENTIONS AND STANDARDS In the previous lesson, you have studied the accounting concepts like business entity, money measurement, going concern, accounting period, cost, duality, realisation,

More information

CONTENTS. Kevin O Riordan 2000 ISBN 1841 31 3750. Folens Publishers, Hibernian Industrial Estate, Greenhills Road. Tallaght, Dublin 24.

CONTENTS. Kevin O Riordan 2000 ISBN 1841 31 3750. Folens Publishers, Hibernian Industrial Estate, Greenhills Road. Tallaght, Dublin 24. CONTENTS Chapter 2: Double-Entry Book-keeping and the Trial Balance... 1 Chapter 3: Profit Measurement and Balance Sheet Preparation... 5 Chapter 4: Value Added Tax and Statutory Deductions... 8 Chapter

More information

School of Distance Education UNIVERSITY OF CALICUT SCHOOL OF DISTANCE EDUCATION. V Semester. (2011 Admission Onwards) OPEN COURSE

School of Distance Education UNIVERSITY OF CALICUT SCHOOL OF DISTANCE EDUCATION. V Semester. (2011 Admission Onwards) OPEN COURSE UNIVERSITY OF CALICUT SCHOOL OF DISTANCE EDUCATION V Semester (2011 Admission Onwards) OPEN COURSE (For the UG candidates with core course other than B Com) BASIC ACCOUNTING QUESTION BANK 1. The prime

More information

WIPRO DOHA LLC FINANCIAL STATEMENTS AS AT AND FOR THE YEAR ENDED MARCH 31, 2016

WIPRO DOHA LLC FINANCIAL STATEMENTS AS AT AND FOR THE YEAR ENDED MARCH 31, 2016 WIPRO DOHA LLC FINANCIAL STATEMENTS AS AT AND FOR THE YEAR ENDED MARCH 31, 2016 WIPRO DOHA LLC BALANCE SHEET (Amount in ` except share and per share data, unless otherwise stated) As at March 31, 2016

More information

Consolidated balance sheet

Consolidated balance sheet Consolidated balance sheet Non current assets 31/12/2009 31/12/2008 (*) 01/01/2008 (*) Property, plant and equipment 1,352 1,350 1,144 Investment property 7 11 11 Fixed assets held under concessions 13,089

More information

STATE OF FLORIDA DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION. BALANCE SHEET As of

STATE OF FLORIDA DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION. BALANCE SHEET As of STATE OF FLORIDA DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION BALANCE SHEET As of ASSETS CURRENT ASSETS Cash and Cash Equivalents Cash - Restricted Accounts Receivable - Trade Accounts Receivable

More information

Accounting for Branches Including Foreign Branch Accounts

Accounting for Branches Including Foreign Branch Accounts 9 Accounting for Branches Including Foreign Branch Accounts BASIC CONCEPTS Types of branches Dependent branches Independent branches Based on accounting point of view, branches may be classified as follows:

More information

Q6] The process of recording financial data upto trial balance is a) Book keeping b) Classifying c) Summarising d) Analyzing

Q6] The process of recording financial data upto trial balance is a) Book keeping b) Classifying c) Summarising d) Analyzing MULTIPLE CHOICE QUESTIONS ON BASIC ACCOUNTING Q1] Which accounting concept satisfy the valuation criteria A] Going concern, Realisation, Cost b) Going concern, Cost, Dual aspect c) Cost, Dual aspect, Conservatism

More information

Trading Profit and Loss Account

Trading Profit and Loss Account Trading Profit and Loss Account Trading Account The trading account shows the income from sales and the direct costs of making those sales. It includes the balance of stocks at the start and end of the

More information

Chart of Accounts - Sole Trader

Chart of Accounts - Sole Trader Chart of Accounts - Sole Trader The basic road map into any accounting system is the chart of accounts. It is this chart that helps establish the information that will be captured by your accounting system,

More information

SAMPLE MANUFACTURING COMPANY LIMITED CONSOLIDATED FINANCIAL STATEMENTS. Year ended December 31, 2011

SAMPLE MANUFACTURING COMPANY LIMITED CONSOLIDATED FINANCIAL STATEMENTS. Year ended December 31, 2011 SAMPLE MANUFACTURING COMPANY LIMITED CONSOLIDATED FINANCIAL STATEMENTS Year ended SAMPLE MANUFACTURING COMPANY LIMITED CONSOLIDATED FINANCIAL STATEMENTS For the year ended The information contained in

More information

FINANCIAL ACCOUNTING

FINANCIAL ACCOUNTING FINANCIAL ACCOUNTING B.Com/BBA II Semester CORE COURSE (2011 ADMISSION ONWARDS) UNIVERSITY OF CALICUT SCHOOL OF DISTANCE EDUCATION Calicut University, P.O. Malappuram, Kerala, India-673 635 307 UNIVERSITY

More information

SAMPLE QUESTION PAPER IN ACCOUNTANCY. Time: Three Hours Maximum Marks: 100

SAMPLE QUESTION PAPER IN ACCOUNTANCY. Time: Three Hours Maximum Marks: 100 SAMPLE QUESTION PAPER IN ACCOUNTANCY Time: Three Hours Maximum Marks: 100 Note: The question paper is divided into two sections A and B. Attempt all questions of Section A and any one question of Section

More information

ACCOUNTS PRODUCTION OPEN SANS FONT FOR 2013 TAXCALC HUB AND ACCOUNTS PRODUCTION CHART OF ACCOUNTS - LIMITED COMPANY

ACCOUNTS PRODUCTION OPEN SANS FONT FOR 2013 TAXCALC HUB AND ACCOUNTS PRODUCTION CHART OF ACCOUNTS - LIMITED COMPANY OPEN SANS FONT FOR 2013 TAXCALC HUB AND ACCOUNTS PRODUCTION CHART OF ACCOUNTS - LIMITED COMPANY Contents Sales 1 Other Operating Income 1 Income from Shares in Group Undertakings 1 Income from Participating

More information

Chart of Accounts AA Corp Tax 0000-1020 / page 1. Sales. Income from participating interests. Income from other fixed asset investments

Chart of Accounts AA Corp Tax 0000-1020 / page 1. Sales. Income from participating interests. Income from other fixed asset investments 0000-1020 / page 1 0000 Sales 0001 Sales type A 0002 Sales type B 0003 Sales type C 0004 Sales type D 0005 Sales type E 0006 Sales type F 0007 Sales type G 0008 Sales type H 0009 Sales type I 0100 UK sales

More information

ACCOUNTING 1 (ACN101- M)

ACCOUNTING 1 (ACN101- M) 1 ACCOUNTING 1 (ACN101- M) STUDY UNIT 1: THE NATURE AND FUNCTION OF ACCOUNTING DEFINITION: Accounting can be defined as the orderly & systematic recording of the monetary values of financial transactions

More information

CASH FLOW STATEMENT. MODULE - 6A Analysis of Financial Statements. Cash Flow Statement. Notes

CASH FLOW STATEMENT. MODULE - 6A Analysis of Financial Statements. Cash Flow Statement. Notes MODULE - 6A Cash Flow Statement 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

More information

TOTAL 567.16 2,605.14 470.70 2,072.21

TOTAL 567.16 2,605.14 470.70 2,072.21 Balance Sheet - - - - Laboratorios Torrent, S.A. de C.V. As at As at As at As at Notes EQUITY AND LIABILITIES Shareholder's funds Share capital 1 747.41 3,433.08 747.41 3,290.40 Reserves and surplus 2

More information

Accounting. Financial Accounting: Published Final Accounts and Issues of Shares Pack [ADVANCED HIGHER] Anne Duff. abc

Accounting. Financial Accounting: Published Final Accounts and Issues of Shares Pack [ADVANCED HIGHER] Anne Duff. abc Accounting Financial Accounting: Published Final Accounts and Issues of Shares Pack [ADVANCED HIGHER] Anne Duff abc The Scottish Qualifications Authority regularly reviews the arrangements for National

More information

FINANCIAL ACCOUNTING

FINANCIAL ACCOUNTING FINANCIAL ACCOUNTING FORMATION 2 EXAMINATION - AUGUST 2012 NOTES: You are required to answer Question 1. You are also required to answer any three out of Questions 2 to 5. (If you provide answers to all

More information

CA- CPT Fundamentals of Accounting

CA- CPT Fundamentals of Accounting Commerce Classes CA- CPT Fundamentals of Accounting 1. Accounting is the art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events which are,

More information

UNIT 7 CASH AND FUNDS FLOW STATEMENTS MODULE - 2

UNIT 7 CASH AND FUNDS FLOW STATEMENTS MODULE - 2 UNIT 7 CASH AND FUNDS FLOW STATEMENTS MODULE - 2 UNIT 7 CASH AND FUNDS FLOW STATEMENTS Structure 7.0 Introduction 7.1 Unit Objectives 7.2 Meaning of Cash Flow Statement 7.3 Preparation of Cash Flow Statement

More information

MARK SCHEME for the May/June 2011 question paper for the guidance of teachers 0452 ACCOUNTING. 0452/11 Paper 1, maximum raw mark 120

MARK SCHEME for the May/June 2011 question paper for the guidance of teachers 0452 ACCOUNTING. 0452/11 Paper 1, maximum raw mark 120 www.xtremepapers.com UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education MARK SCHEME for the May/June 2011 question paper for the guidance of teachers

More information

(i) Going Concern Concept; (iv) Convention of Full Disclosure (v) Convention of Consistency; (vi) Concepts of Accounting;

(i) Going Concern Concept; (iv) Convention of Full Disclosure (v) Convention of Consistency; (vi) Concepts of Accounting; B.COM. PartI (HONS.) Sub. : CORPORATE AND FINANCIAL ACCOUNTING MODAL PAPERI Time Allowed: 3 Hour Max. Marks: 100 Q.1 Write short notes on the following: (i) Fundamental Accounting Assumptions; (ii) Functions

More information

Paper 5- Financial Accounting

Paper 5- Financial Accounting Paper 5- Financial Accounting Academics Department, The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament) Page 1 Paper 5- Financial Accounting Full Marks:100 Time allowed:

More information

Accounting Standard (AS) 14 Accounting for Amalgamations. IPCC Paper 1 Accounting,Chapter 1 CA.Karan Chopra

Accounting Standard (AS) 14 Accounting for Amalgamations. IPCC Paper 1 Accounting,Chapter 1 CA.Karan Chopra Accounting Standard (AS) 14 Accounting for Amalgamations IPCC Paper 1 Accounting,Chapter 1 CA.Karan Chopra Agenda Introduction Definitions Types of Amalgamation Amalgamation in the Nature of Merger Amalgamation

More information

Ratio Analysis 0.75. Fixed Assets Fixed Assets + Net Working Capital =0.75 Fixed Assets

Ratio Analysis 0.75. Fixed Assets Fixed Assets + Net Working Capital =0.75 Fixed Assets Ratio Analysis CA Past Years Exam Answer Answer to Q.1: (Nov, 009) Fixed assets ` 18,00,000 Proprietor s funds ` 4,00,000 Note: 1 Ratio of fixed assets to proprietor s funds 0.75 Properietors Fund 0.75

More information

LESSON 3. Balance Sheet

LESSON 3. Balance Sheet LESSON 3 Balance Sheet 1 Outline 3.1. Introduction: definition and purpose. 3.2. Format of the Balance Sheet. 3.3. Assets. 2.3.1. Non-current assets. 2.3.2. Current assets. 3.4. Equity. 3.4.1. Shareholders

More information

Accounting Principles Critical to Success Presented By: C. P. Krishnan. www.cakintl.com

Accounting Principles Critical to Success Presented By: C. P. Krishnan. www.cakintl.com Accounting Principles Critical to Success Presented By: C. P. Krishnan Basic Accounting You Need to Know Assets, Liabilities, Equity, Income, & Expenses Assets Includes what you have and what people owe

More information

MARK SCHEME for the October/November 2010 question paper for the guidance of teachers 0452 ACCOUNTING. 0452/22 Paper 2, maximum raw mark 120

MARK SCHEME for the October/November 2010 question paper for the guidance of teachers 0452 ACCOUNTING. 0452/22 Paper 2, maximum raw mark 120 www.xtremepapers.com UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education MARK SCHEME for the October/November 2010 question paper for the guidance

More information

Intermediate Stage September 2008 Examination. Financial Accounting & Reporting (FAR / 601)

Intermediate Stage September 2008 Examination. Financial Accounting & Reporting (FAR / 601) Copyright Reserved Serial No Intermediate Stage September 2008 Examination Examination Date : 20 th September 2008 Number of Pages : 07 Examination Time: 9.30a:m.-12.30p:m. Number of Questions: 05 Instructions

More information

FAITH ACADEMY KADUNA BUSINESS STUDIES JSS 3 FIRST TERM WEEK ONE TRADING, PROFIT AND LOSS ACCOUNT

FAITH ACADEMY KADUNA BUSINESS STUDIES JSS 3 FIRST TERM WEEK ONE TRADING, PROFIT AND LOSS ACCOUNT FAITH ACADEMY KADUNA BUSINESS STUDIES JSS 3 FIRST TERM WEEK ONE TRADING, PROFIT AND LOSS ACCOUNT The trading, profit and loss account is an account, which confirms with the rules of double entry. This

More information

NSS Enriching Knowledge for the BAFS Curriculum Series: Hong Kong Accounting Standards (New)

NSS Enriching Knowledge for the BAFS Curriculum Series: Hong Kong Accounting Standards (New) NSS Enriching Knowledge for the BAFS Curriculum Series: Hong Kong Accounting Standards (New) Li Tak Ming, Andy Deputy Head, Department of Business Administration Hong Kong Institute of Vocational Education

More information

Transition to International Financial Reporting Standards

Transition to International Financial Reporting Standards Transition to International Financial Reporting Standards Topps Tiles Plc In accordance with IFRS 1, First-time adoption of International Financial Reporting Standards ( IFRS ), Topps Tiles Plc, ( Topps

More information

Ratio Analysis. A) Liquidity Ratio : - 1) Current ratio = Current asset Current Liability

Ratio Analysis. A) Liquidity Ratio : - 1) Current ratio = Current asset Current Liability A) Liquidity Ratio : - Ratio Analysis 1) Current ratio = Current asset Current Liability 2) Quick ratio or Acid Test ratio = Quick Asset Quick liability Quick Asset = Current Asset Stock Quick Liability

More information

CUMI MIDDLE EAST FZE RAK FREE TRADE ZONE RAS AL KHAIMAH UNITED ARAB EMIRATES FINANCIAL STATEMENTS AND REPORT OF THE AUDITOR FOR THE YEAR ENDED

CUMI MIDDLE EAST FZE RAK FREE TRADE ZONE RAS AL KHAIMAH UNITED ARAB EMIRATES FINANCIAL STATEMENTS AND REPORT OF THE AUDITOR FOR THE YEAR ENDED CUMI MIDDLE EAST FZE RAK FREE TRADE ZONE RAS AL KHAIMAH UNITED ARAB EMIRATES FINANCIAL STATEMENTS AND REPORT OF THE AUDITOR FOR THE YEAR ENDED 31ST MARCH, 2016 CUMI MIDDLE EAST FZE RAK FREE TRADE ZONE

More information

FINANCIAL STATEMENTS ANALYSIS - AN INTRODUCTION

FINANCIAL STATEMENTS ANALYSIS - AN INTRODUCTION 27 FINANCIAL STATEMENTS ANALYSIS - AN INTRODUCTION You have already learnt about the preparation of financial statements i.e. Balance Sheet and Trading and Profit and Loss Account in the module titled

More information

SEC Syllabus (2017) Accounting ACCOUNTING SEC 01

SEC Syllabus (2017) Accounting ACCOUNTING SEC 01 SEC SYLLABUS (2017) ACCOUNTING SEC 01 SYLLABUS 1 Accounting SEC 01 Syllabus (not available in September) Paper 1 (2hrs) + Paper II (2 hrs) The aims of the syllabus are to enable students: 1. To understand

More information

Volex Group plc. Transition to International Financial Reporting Standards Supporting document for 2 October 2005 Interim Statement. 1.

Volex Group plc. Transition to International Financial Reporting Standards Supporting document for 2 October 2005 Interim Statement. 1. Volex Group plc Transition to International Financial Reporting Standards Supporting document for 2 October 2005 Interim Statement 1. Introduction The consolidated financial statements of Volex Group plc

More information

: 1 : Time allowed : 3 hours Maximum marks : 100. Total number of questions : 6 Total number of printed pages : 7

: 1 : Time allowed : 3 hours Maximum marks : 100. Total number of questions : 6 Total number of printed pages : 7 Roll No : 1 : NEW SYLLABUS Time allowed : 3 hours Maximum marks : 100 Total number of questions : 6 Total number of printed pages : 7 NOTE : 1. Answer ALL Questions. 2. All working notes should be shown

More information

BUSINESS ACCOUNTS. sample documents. sourced from www.osbornebooks.co.uk

BUSINESS ACCOUNTS. sample documents. sourced from www.osbornebooks.co.uk BUSINESS ACCOUNTS sample documents sourced from www.osbornebooks.co.uk Sample documents document page invoice 3 statement 4 double-entry accounts 5 cash book 6 petty cash book 7 extended trial balance

More information

Model Answer B.Com (Hons) First Semester Examination Guru Ghasidas Vishwavidyalaya Book-Keeping and Accountancy AS (iii) Journal Entry.

Model Answer B.Com (Hons) First Semester Examination Guru Ghasidas Vishwavidyalaya Book-Keeping and Accountancy AS (iii) Journal Entry. *Prepared by Abhinna Srivastava Short Answer (i) (ii) Model Answer B.Com (Hons) First Semester Examination Guru Ghasidas Vishwavidyalaya Book-Keeping and Accountancy AS-2603 PERSONAL ACCOUNT - These are

More information

(AA11) FINANCIAL ACCOUNTING BASICS

(AA11) FINANCIAL ACCOUNTING BASICS All Rights Reserved ASSOCIATION OF ACCOUNTING TECHNICIANS OF SRI LANKA AA1 EXAMINATION - JANUARY 2016 (AA11) FINANCIAL ACCOUNTING BASICS Instructions to candidates (Please Read Carefully): (1) Time allowed:

More information

ZENN Motor Company Inc.

ZENN Motor Company Inc. Interim Consolidated Financial Statements For the three and six months ended Unaudited Notice to Reader The accompanying unaudited interim consolidated financial statements of ZENN Motor Company Inc. (the

More information

PART 5. External Reporting and Performance Evaluation. Statements of financial performance and position. Statement of cash flows 19

PART 5. External Reporting and Performance Evaluation. Statements of financial performance and position. Statement of cash flows 19 PART 5 External Reporting and Performance Evaluation Statements of financial performance and position 18 Statement of cash flows 19 Analysis and interpretation of financial statements 20 CHAPTER 18 Statements

More information

* * * Chapter 15 Accounting & Financial Statements. Copyright 2013 Pearson Education, Inc. publishing as Prentice Hall

* * * Chapter 15 Accounting & Financial Statements. Copyright 2013 Pearson Education, Inc. publishing as Prentice Hall Chapter 15 Accounting & Financial Statements Copyright 2013 Pearson Education, Inc. publishing as Prentice Hall Bookkeeping vs. Accounting Bookkeeping Accounting The recording of business transactions.

More information

Fill in the Blanks. Yuvraj Asst.Lecturer IHM Bhubaneswar 1

Fill in the Blanks. Yuvraj Asst.Lecturer IHM Bhubaneswar 1 Fill in the Blanks. 1) Bad debts are written off by debiting Bad Debt account and crediting Personal account. 2) The amount of depreciation keeps reducing year after year in Reducing Balance method. 3)

More information

Acal plc. Accounting policies March 2006

Acal plc. Accounting policies March 2006 Acal plc Accounting policies March 2006 Basis of preparation The consolidated financial statements of Acal plc and all its subsidiaries have been prepared in accordance with International Financial Reporting

More information

WIPRO NETWORKS PTE LTD, SINGAPORE

WIPRO NETWORKS PTE LTD, SINGAPORE SCHEDULE 10 SIGNIFICANT ACCOUNTING POLICIES 10.1 Company overview Wipro Networks Pte Limited ( the Company ) is a subsidiary of Wipro limited ( the holding company ). The functional currency of the Company

More information

Glossary of Accounting Terms Peter Baskerville

Glossary of Accounting Terms Peter Baskerville Glossary of Accounting Terms Peter Baskerville Account for or 'bring to account': An accounting phrase used to describe the recording of a financial transaction that is required under the generally accepted

More information

HOFFMAN CORPORATION Balance Sheet (partial) December 31, 2014

HOFFMAN CORPORATION Balance Sheet (partial) December 31, 2014 1 Baxter Hoffman recently received the following information related to Hoffman Corporation s December 31, 2014, balance sheet. Prepaid insurance $ 2,300 Inventory $3,400 Cash 800 Accumulated depreciation

More information

SESSION 7 AUDIT OF NON CURRENT ASSETS AND CURRENT ASSETS

SESSION 7 AUDIT OF NON CURRENT ASSETS AND CURRENT ASSETS SESSION 7 AUDIT OF NON CURRENT ASSETS AND CURRENT ASSETS Learning objectives: Understanding the importance of audit of assets. explain the purpose of substantive procedures in relation to financial statements

More information

Learning Objectives: Quick answer key: Question # Multiple Choice True/False. 14.1 Describe the important of accounting and financial information.

Learning Objectives: Quick answer key: Question # Multiple Choice True/False. 14.1 Describe the important of accounting and financial information. 0 Learning Objectives: 14.1 Describe the important of accounting and financial information. 14.2 Differentiate between managerial and financial accounting. 14.3 Identify the six steps of the accounting

More information

NAMA CHEMICALS COMPANY AND SUBSIDIARIES (SAUDI JOINT STOCK COMPANY)

NAMA CHEMICALS COMPANY AND SUBSIDIARIES (SAUDI JOINT STOCK COMPANY) CONSOLIDATED INTERIM FINANCIAL STATEMENTS AND AUDITORS REPORT (LIMITED REVIEW) CONSOLIDATED INTERIM FINANCIAL STATEMENTS AND AUDITORS REPORT INDEX PAGE Auditors report (limited review) 1 Consolidated interim

More information

CHAPTER 3: RATIO ANALYSIS.

CHAPTER 3: RATIO ANALYSIS. CHAPTER 3: RATIO ANALYSIS. Q1. What does Ratio Analysis Mean? Ans: A tool used by individuals to evaluate the performance of a company. Ratio Analysis can be used for analysis of financial statements.

More information

21 August 2007. Company Announcements Office Australian Stock Exchange Limited, Melbourne. By E-lodgement. Preliminary Final Report

21 August 2007. Company Announcements Office Australian Stock Exchange Limited, Melbourne. By E-lodgement. Preliminary Final Report 21 August 2007 Company Announcements Office Australian Stock Exchange Limited, Melbourne By E-lodgement Preliminary Final Report This release contains an announcement to the Australian Stock Exchange Limited

More information

FINAL ACCOUNTS FINAL ACCOUNTS AND THE TRIAL BALANCE

FINAL ACCOUNTS FINAL ACCOUNTS AND THE TRIAL BALANCE 12 FINAL ACCOUNTS For most businesses, the final accounts, which are produced at the end of each financial year, comprise: trading account profit and loss account balance sheet Final accounts can be presented

More information

Lesson-13. Elements of Cost and Cost Sheet

Lesson-13. Elements of Cost and Cost Sheet Lesson-13 Elements of Cost and Cost Sheet Learning Objectives To understand the elements of cost To classify overheads on different bases To prepare a cost sheet Elements of Cost Raw materials are converted

More information

Jones Sample Accounts Limited. Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements

Jones Sample Accounts Limited. Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements Period of accounts Start date: 1st June 2009 End date: 31st May 2010 Contents of the

More information

MARK SCHEME for the November 2005 question paper ACCOUNTING

MARK SCHEME for the November 2005 question paper ACCOUNTING www.xtremepapers.com UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education MARK SCHEME for the November 2005 question paper ACCOUNTING 0452/02 Paper

More information

Suggested layouts for financial statements in Accounting Courses National 5 and Higher

Suggested layouts for financial statements in Accounting Courses National 5 and Higher Suggested layouts for financial statements in Accounting Courses National 5 and Higher The following suggested layouts may be used when presenting financial statements in the Accounting Courses for National

More information

3. CONSOLIDATED QUARTERLY FINANCIAL STATEMENTS

3. CONSOLIDATED QUARTERLY FINANCIAL STATEMENTS 3. CONSOLIDATED QUARTERLY FINANCIAL STATEMENTS (1) Consolidated Quarterly Balance Sheets September 30, 2014 and March 31, 2014 Supplementary Information 2Q FY March 2015 March 31, 2014 September 30, 2014

More information

RATIO ANALYSIS FORMULAS + THEORIES

RATIO ANALYSIS FORMULAS + THEORIES A) Cash Position Ratio : - 1) Absolute Cash Ratio = Cash Reservoir Current Liabilities 2) Cash Position to Total asset Ratio = Cash Reservoir * 100 (Measure liquid layer of assets) Total Assets 3) Interval

More information

CFAspace. CFA Level I. Provided by APF. Academy of Professional Finance 专业金融学院

CFAspace. CFA Level I. Provided by APF. Academy of Professional Finance 专业金融学院 CFAspace Provided by APF CFA Level I Financial Reporting and Analysis (FRA) R23: Financial Reporting Mechanics CFA Lecturer: Juyun Lu Exam Focus Candidates should focus on the financial statement elements

More information

TOPIC LEARNING OBJECTIVE

TOPIC LEARNING OBJECTIVE Topic Mapping 1 Transaction Analysis Understand the effect of various types of transactions on the accounting equation, accounting journal and accounting ledger. Concepts and Skills Accounting Equation

More information

Capcon Holdings plc. Interim Report 2011. Unaudited interim results for the six months ended 31 March 2011

Capcon Holdings plc. Interim Report 2011. Unaudited interim results for the six months ended 31 March 2011 Capcon Holdings plc Interim Report 2011 Unaudited interim results for the six months ended 31 March 2011 Capcon Holdings plc ("Capcon" or the "Group"), the AIM listed investigations and risk management

More information

CHAPTER 10 Financial Statements NOTE

CHAPTER 10 Financial Statements NOTE NOTE In practice, accruals accounts and prepayments accounts are implied rather than drawn up. It is common for expense accounts to show simply a balance c/d and a balance b/d. The accrual or prepayment

More information

OREGON HEALTH MANAGEMENT SERVICES AND SUBSIDIARY

OREGON HEALTH MANAGEMENT SERVICES AND SUBSIDIARY CONSOLIDATED FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION For the Years Ended December 31, 2014 and 2013 CONSOLIDATED FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION For the Years Ended December

More information

MOHAMMAD AL MOJIL GROUP COMPANY (A SAUDI JOINT STOCK COMPANY) FINANCIAL STATEMENTS AND AUDITORS REVIEW REPORT FOR THE YEAR ENDED DECEMBER 31, 2010

MOHAMMAD AL MOJIL GROUP COMPANY (A SAUDI JOINT STOCK COMPANY) FINANCIAL STATEMENTS AND AUDITORS REVIEW REPORT FOR THE YEAR ENDED DECEMBER 31, 2010 FINANCIAL STATEMENTS AND AUDITORS REVIEW REPORT FOR THE YEAR ENDED DECEMBER 31, FINANCIAL STATEMENTS AND AUDITORS REVIEW REPORT FOR THE YEAR ENDED DECEMBER 31, INDEX PAGE Auditors report 1 Balance sheet

More information

Financial Statements

Financial Statements Financial Statements The financial information forms the basis of financial planning, analysis & decision making for an organization or an individual. Financial information is needed to predict, compare

More information

Cork Institute of Technology. Autumn 2006 Advanced Financial Accounting (Time: 3 Hours)

Cork Institute of Technology. Autumn 2006 Advanced Financial Accounting (Time: 3 Hours) Cork Institute of Technology Bachelor of Business in Accounting Award Bachelor of Business in Management - Award Instructions Answer FOUR questions Answer all THREE questions in Section A and ONE question

More information

Cash Flow Statement. IPCC Paper 1: Accounting/Financial Management Chapter 2 -Unit 2. CA. Pankaj Goel

Cash Flow Statement. IPCC Paper 1: Accounting/Financial Management Chapter 2 -Unit 2. CA. Pankaj Goel Cash Flow Statement IPCC Paper 1: Accounting/Financial Management Chapter 2 -Unit 2 1 CA. Pankaj Goel Questions that Cash Flow Statement Answers 1 Where did the cash come from? 2 3 What purpose cash used

More information

Summary of Significant Accounting Policies FOR THE FINANCIAL YEAR ENDED 31 MARCH 2014

Summary of Significant Accounting Policies FOR THE FINANCIAL YEAR ENDED 31 MARCH 2014 46 Unless otherwise stated, the following accounting policies have been applied consistently in dealing with items which are considered material in relation to the financial statements. The Company and

More information

Financial Statements Tutorial

Financial Statements Tutorial Financial Statement Review: Financial Statements Tutorial There are four major financial statements used to communicate information to external users (creditors, investors, suppliers, etc.) - 1. Balance

More information

6. Show all your workings. icpar

6. Show all your workings. icpar CERTIFIED PUBLIC ACCOUNTANT FOUNDATION LEVEL 1 EXAMINATION F1.3: FINANCIAL ACCOUNTING MONDAY: 10 JUNE 2013 INSTRUCTIONS: 1. Time Allowed: 3 hours 15 minutes (15 minutes reading and 3 hours writing). 2.

More information

WIPRO DOHA LLC FINANCIAL STATEMENTS AS OF AND FOR THE YEAR ENDED MARCH 31, 2015

WIPRO DOHA LLC FINANCIAL STATEMENTS AS OF AND FOR THE YEAR ENDED MARCH 31, 2015 WIPRO DOHA LLC FINANCIAL STATEMENTS AS OF AND FOR THE YEAR ENDED MARCH 31, 2015 (Amount in ` except share and per share data, unless otherwise stated) As at March 31, 2015 As at March 31, 2014 I. EQUITY

More information

HARMONIC DRIVE SYSTEMS INC. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2013

HARMONIC DRIVE SYSTEMS INC. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2013 HARMONIC DRIVE SYSTEMS INC. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2013 HARMONIC DRIVE SYSTEMS INC. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED BALANCE SHEETS ASSETS

More information

Audited Prior Period 31 December 2014

Audited Prior Period 31 December 2014 As at ASSETS I- Current Assets A- Cash and Cash Equivalents 202.531.176 216.428.429 1- Cash 5.603 27.952 2- Cheques Received 3- Banks 49.703.075 87.301.020 4- Cheques Given and Payment Orders (31.536)

More information

Consolidated Financial Statements. FUJIFILM Holdings Corporation and Subsidiaries. March 31, 2015 with Report of Independent Auditors

Consolidated Financial Statements. FUJIFILM Holdings Corporation and Subsidiaries. March 31, 2015 with Report of Independent Auditors Consolidated Financial Statements FUJIFILM Holdings Corporation and Subsidiaries March 31, 2015 with Report of Independent Auditors Consolidated Financial Statements March 31, 2015 Contents Report of Independent

More information

MIDPOINT HOLDINGS LTD. CONSOLIDATED FINANCIAL STATEMENTS. (Expressed in Canadian Dollars) FOR THE YEAR ENDED JUNE 30, 2015

MIDPOINT HOLDINGS LTD. CONSOLIDATED FINANCIAL STATEMENTS. (Expressed in Canadian Dollars) FOR THE YEAR ENDED JUNE 30, 2015 CONSOLIDATED FINANCIAL STATEMENTS (Expressed in Canadian Dollars) FOR THE YEAR ENDED JUNE 30, 2015 INDEX TO CONSOLIDATED FINANCIAL STATEMENTS INDEPENDENT AUDITORS REPORT PAGES 1-2 CONSOLIDATED STATEMENTS

More information

Financial Statements: Analysis and Interpretation

Financial Statements: Analysis and Interpretation CHAPTER 6 Financial Statements: Analysis and Interpretation Meaning of Financial Statements Every business concern wants to know the various financial aspects for effective decision making. The preparation

More information

ANNUAL REPORT OF CAMBRIC LIMITED

ANNUAL REPORT OF CAMBRIC LIMITED ANNUAL REPORT OF CAMBRIC LIMITED CAMBRIC LIMITED Directors of the Company 1 Directors Report 2-3 Financial Statements 4-6 Notes forming part of Financial Statements 7-14 CAMBRIC LIMITED DIRECTORS: 1. Mr.

More information