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Category: Financial statements

Topics related to financial statements

August 30, 2021 Khayyam Javaid, ACA

In this section, we’ll explain various aspects of preparing the financial statements. By the end of this section, you will…

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Posted in: Financial Accounting, Financial statements

Notes to the financial statements

Khayyam Javaid, ACA

Notes to the financial statement, also known as financial statements footnotes, are considered an integral part of the financial statements.…

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Posted in: Financial Accounting, Financial statements

What is meant by financial reporting framework?

Khayyam Javaid, ACA

Financial reporting framework is the set rules and guidance on the basis of which an entity prepares its financial statements.…

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Posted in: Financial Accounting, Financial statements

Example – Indirect method of cash flow statement

Khayyam Javaid, ACA

In this post, we’ll prepare a statement of cash flows using direct method. So, let’s get started!. Question Use the…

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Posted in: Financial Accounting, Financial statements

Example – Direct method of cash flow statement

Khayyam Javaid, ACA

In this post, we’ll prepare a cash flow statement using direct method. So, let’s get started!. Question – Direct method…

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Posted in: Financial Accounting, Financial statements

Direct vs indirect methods of cash flow statement

Khayyam Javaid, ACA

Cash flow statement can be prepared and presented by two methods, namely, direct method and indirect method. In both methods,…

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Posted in: Financial Accounting, Financial statements

Statement of cash flows

Khayyam Javaid, ACA

Statement of cash flows summarizes the cash inflows and outflows of a business during a period. For users of financial…

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Posted in: Financial Accounting, Financial statements

Statement of changes in equity

Khayyam Javaid, ACA

Statement of changes in equity is a reconciliation of opening and closing balances of shareholders’ equity for a period. For…

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Posted in: Financial Accounting, Financial statements

Statement of comprehensive income

Khayyam Javaid, ACA

Statement of comprehensive income is a financial statement that shows an entity’s total comprehensive income for a period, i.e., net…

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Posted in: Financial Accounting, Financial statements

Sample segment reporting note to the financial statements

Khayyam Javaid, ACA

In this post, we’ll see a sample note on segment reporting. The example used here is of the same financial…

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Posted in: Financial Accounting, Financial statements

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    Financiopedia
    • Financial Accounting
      • Basics of accounting
      • Double-entry accounting system
      • Accounting cycle
      • Accounting principles
      • Bookkeeping
      • Accounting of assets
      • Property, plant and equipment
      • Financial instruments
      • Inventory
      • Accounts receivable
      • Accounting of liabilities
      • Accounting of income
      • Accounting of expenses
      • Financial statements
      • Ratio analysis
    • Management Accounting
      • Introduction to management accounting
      • Introduction to costs
      • Material and labour costs
      • Marginal and Absorption Costing
      • Inventory valuation
      • Inventory management
      • Costing systems
      • Budgeting
      • CVP analysis
    • IFRS
      • IFRS 15 – Revenue from contracts with customers
      • IFRS 9 – Financial Instruments
    • About Us