Financial Accounting II
TABLE OF CONTENTS
PARTNERSHIP ACCOUNTS
- Appropriation A/C
- Current Accounts
- Appropriation Account
- Partnership Loans
- Balance Sheet
- Fixed Assets
- Valuation of Goodwill
- Capital Accounts
- Partner’s Capital Accounts
- Revaluation
- Current Assets
COMPANY ACCOUNTS
- Types of Companies
- The Balance Sheet
- Types of Shares
- Accounts of Companies
THE ACCOUNTS OF NON-PROFIT ORGANISATIONS
- Sources of Income for Non-Profit Organisations
- Funds of Non-Profit Organisations
- The Receipts and Payments Account
- Membership Subscriptions
- Subscriptions Account
- Accounting For the Sale of Investments and Long-Term Assets
- Income Statements
CASH FLOW STATEMENTS
- IAS 7 Cash Flow Statements
- Objectives of IAS 7
- Benefits of Cash Flow Information
- Cash and Cash Equivalents
- Presentation of a Cash Flow Statement
- Operating Activities
- Investing Activities
- Financing
- Reporting Cash Flows from Operating Activities
- Using the Direct Method
- Using the Indirect Method
- Indirect Versus Direct
- Interest and Dividends
- Preparing Cash Flow Statement
- Working: Non-Current Asset Disposals
- Cost
- Accumulated Depreciation
- Capital and Reserves
- Notes to the Cash Flow Statement
- The Advantages of Cash Flow Accounting
- Criticisms of IAS 7
INTERPRETATION OF FINANCIAL STATEMENTS
- The Broad Categories of Ratio
- Profitability and Return on Capital
- Capital Employed
- Return on Equity (ROE)
- Analyzing Profitability and Return in More Detail: The Secondary Ratios
- Profit Margin
- Long-Term Solvency: Debt and Gearing Ratios
- Gearing/Leverage
- The Implications of High or Low Gearing/Leverage
- Interest Cover
- Cash Flow Ratio
- Short-Term Solvency and Liquidity
- The Cash Cycle
- Liquidity Ratios: Current Ratio and Quick Ratio
- Efficiency Ratios: Control of Receivables and Inventories 77
- P/E Ratio
- Dividend Yield
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