Financial statement basics

Financial statement basics - Financial Statement Basics...

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Click to edit Master subtitle style 7/7/11 Financial Statement Basics
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7/7/11 Revision Purpose of Financial statement Components of Financial Statements Balance Sheet Income Statement Statement of Equity Changes Cash Flows Statements Notes to accounts
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7/7/11 Financial Statement prepared by Cost Cost of goods manufactured statements Cost of goods sold statements
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7/7/11 The Inventory Diagram
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7/7/11 Cost of Good Sold- Manufacturing:
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7/7/11 CGS Manufacturing-6 elements required:
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7/7/11 CGS Manufacturing (contd.)
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7/7/11 CGS Manufacturing (contd.)
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7/7/11 Classwork 1-PC & TFC:
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7/7/11 Classwork 1-PC & TFC:
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7/7/11 Classwork 1-Solution:
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7/7/11 Classwork 2-PC & TFC: Opening stock of raw material 100,000 Opening stock of work in process 70,000 Purchases of raw material 200,000 Direct labor cost 110,000 Factory Overheads 120,000 Closing stock of raw material 70,000 Closing stock of work in process 50,000
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7/7/11 Classwork 3-PC & TFC: Opening stock of raw material 130,000 Opening stock of work in process 90,000 Purchases of raw material 240,000 Direct labor cost 150,000 Factory Overheads 120,000 Closing stock of raw material 90,000 Closing stock of work in process 70,000
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7/7/11 Homework 1-PC & TFC: Opening stock of raw material
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Financial statement basics - Financial Statement Basics...

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