7/2/2015. The Statement of Cash Flows. Learning Objectives. Learning Objectives. Chapter 16
|
|
|
- Charlotte Bryant
- 6 years ago
- Views:
Transcription
1 The Statement of Cash Flows Chapter Pearson Education, Inc. Publishing as Prentice Hall 16-1 Learning Objectives 1. Identify the purposes of the statement of cash flows and distinguish among operating, investing, and financing cash flows 2. Prepare the statement of cash flows by the indirect method 2014 Pearson Education, Inc. Publishing as Prentice Hall 16-2 Learning Objectives 3. Use free cash flow to evaluate business performance 4. Prepare the statement of cash flows by the direct method (Appendix 16A) 5. Prepare the statement of cash flows by the indirect method using a spreadsheet (Appendix 16B) 2014 Pearson Education, Inc. Publishing as Prentice Hall
2 Learning Objective 1 Identify the purposes of the statement of cash flows and distinguish among operating, investing, and financing cash flows 2014 Pearson Education, Inc. Publishing as Prentice Hall 16-4 Purpose of the Statement of Cash Flows Reports on the cash flows of a business. Reports why cash increased or decreased during the period. Covers the same period of time as the income statement. Can be used to: Predict future cash flows. Evaluate management decisions. Predict ability of the company to pay debts and dividends Pearson Education, Inc. Publishing as Prentice Hall 16-5 Classification of Cash Flows Cash Flows From: Operating Investing Financing 2014 Pearson Education, Inc. Publishing as Prentice Hall
3 Classification of Cash Flows Cash Flows From: Operating Investing Financing Cash receipts and disbursements related to revenue or expense activities. Includes cash flows related to: interest income and expense dividend revenue income tax expense 2014 Pearson Education, Inc. Publishing as Prentice Hall 16-7 Classification of Cash Flows Cash Flows From: Operating Investing Financing Cash receipts and disbursements related to increases and decreases in long-term assets, including: PP&E Notes Receivable Investments 2014 Pearson Education, Inc. Publishing as Prentice Hall 16-8 Classification of Cash Flows Cash Flows From: Operating Investing Financing Cash receipts and disbursements related to increases and decreases in long-term liabilities and equity. Includes: Borrowing Issuing stock Paying dividends 2014 Pearson Education, Inc. Publishing as Prentice Hall
4 2014 Pearson Education, Inc. Publishing as Prentice Hall Pearson Education, Inc. Publishing as Prentice Hall Two Formats for Operating Indirect Method Starts with accrual net income. Adjusts net income to net cash from operations using known relationships. Direct Method Restates the Income Statement in terms of cash Shows actual cash receipts and cash disbursements Pearson Education, Inc. Publishing as Prentice Hall
5 2014 Pearson Education, Inc. Publishing as Prentice Hall Pearson Education, Inc. Publishing as Prentice Hall Pearson Education, Inc. Publishing as Prentice Hall
6 2014 Pearson Education, Inc. Publishing as Prentice Hall Pearson Education, Inc. Publishing as Prentice Hall Pearson Education, Inc. Publishing as Prentice Hall
7 Learning Objective 2 Prepare the statement of cash flows by the indirect method 2014 Pearson Education, Inc. Publishing as Prentice Hall Preparing a Statement of Cash Flows with the Indirect Method Information Needed: Current Income Statement Current Balance Sheet Immediate past Balance Sheet Changes in long-term assets and long-term liabilities Changes in equity To compute Cash Flows from Operations, we need: Net Income Non-cash expenses Gains/Losses Changes in current assets and current liabilities 2014 Pearson Education, Inc. Publishing as Prentice Hall Computing Cash Flows from Operating 2014 Pearson Education, Inc. Publishing as Prentice Hall
8 Computing Cash Flows from Operating Smart Touch Learning s Net Income for 2015 is $40, Pearson Education, Inc. Publishing as Prentice Hall Computing Cash Flows from Operating Non-cash expense include Depreciation, Depletion and Amortization. Depreciation is $20, Pearson Education, Inc. Publishing as Prentice Hall Computing Cash Flows from Operating Smart Touch Learning has no Losses, but has a $10,000 Gain on Disposal of Plant Assets Pearson Education, Inc. Publishing as Prentice Hall
9 Computing Cash Flows from Operating Smart Touch Learning s Inventory decreased by $2,000 during 2015, and A/R increased by $17, Pearson Education, Inc. Publishing as Prentice Hall Computing Cash Flows from Operating Smart Touch Learning s Accounts Payable increased by $40,000 during Pearson Education, Inc. Publishing as Prentice Hall Computing Cash Flows from Operating Smart Touch Learning s Accrued Liabilities decreased by $5,000 during Pearson Education, Inc. Publishing as Prentice Hall
10 Reporting Cash Flows from Operating 2014 Pearson Education, Inc. Publishing as Prentice Hall Computing Cash Flows from Investing Smart Touch Learning s records indicate: $310,000 in plant assets were purchased with cash during The $10,000 gain resulted from selling plant assets with a cost of $55,000 and accumulated depreciation of $15,000 for $50, Pearson Education, Inc. Publishing as Prentice Hall Reporting Cash Flows from Investing 2014 Pearson Education, Inc. Publishing as Prentice Hall
11 Computing Cash Flows from Financing Smart Touch Learning s records indicate: $90,000 was borrowed on a note payable. $10,000 was paid to retire old notes. $120,000 was received from issuing shares of common stock. $20,000 was paid to acquire treasury stock. $10,000 in dividends were paid Pearson Education, Inc. Publishing as Prentice Hall Reporting Cash Flows from Financing 2014 Pearson Education, Inc. Publishing as Prentice Hall Pearson Education, Inc. Publishing as Prentice Hall
12 2014 Pearson Education, Inc. Publishing as Prentice Hall Pearson Education, Inc. Publishing as Prentice Hall Learning Objective 3 Use free cash flow to evaluate business performance 2014 Pearson Education, Inc. Publishing as Prentice Hall
13 Free Cash Flow Measures the amount of cash flow available for unexpected opportunities Pearson Education, Inc. Publishing as Prentice Hall Free Cash Flow Smart Touch Learning expects operating cash flow of $200,000. They plan to spend $160,000 to modernize its production facilities, and to pay $15,000 in cash dividends Pearson Education, Inc. Publishing as Prentice Hall Pearson Education, Inc. Publishing as Prentice Hall
14 2014 Pearson Education, Inc. Publishing as Prentice Hall Learning Objective 4 Prepare the statement of cash flows by the direct method (Appendix 16A) 2014 Pearson Education, Inc. Publishing as Prentice Hall Cash Flows from Operating Each item on the income statement will be converted from the accrual basis to cash basis. Most of the amounts will be adjusted based on changes in current asset amounts and current liability amounts. Non-cash expenses and gains and losses will be ignored Pearson Education, Inc. Publishing as Prentice Hall
15 Cash Flows from Operating Cash Collections from Customers Cash Receipts of Interest 2014 Pearson Education, Inc. Publishing as Prentice Hall Cash Flows from Operating Cash Receipts of Dividends Payments to Suppliers 2014 Pearson Education, Inc. Publishing as Prentice Hall Cash Flows from Operating Payments to Employees Payments for Interest Expense and Tax Expense 2014 Pearson Education, Inc. Publishing as Prentice Hall
16 End of Chapter Pearson Education, Inc. Publishing as Prentice Hall
CONSOLIDATED STATEMENT OF INCOME
CONSOLIDATED STATEMENT OF INCOME (unaudited, data converted from the Euro to the US Dollar (for information concerning this restatement, see Note 11 to these Consolidated Financial Statements)) 1 st quarter
CONSOLIDATED STATEMENT OF INCOME
CONSOLIDATED STATEMENT OF INCOME 1 st quarter (a) 2017 4 th quarter Sales 41,183 42,275 32,841 Excise taxes (5,090) (5,408) (5,319) Revenues from sales 36,093 36,867 27,522 Purchases, net of inventory
EHLANZENI DISTRICT MUNICIPALITY ACCOUNTING POLICIES TO THE ANNUAL FINANCIAL STATEMENTS
EHLANZENI DISTRICT MUNICIPALITY ACCOUNTING POLICIES TO THE ANNUAL FINANCIAL STATEMENTS 1. OBJECT TO THE POLICY The aim of the policy is to set accounting standards in line with good international financial
SAUL CENTERS, INC Wisconsin Avenue, Suite 1500, Bethesda, Maryland (301)
SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500, Bethesda, Maryland 20814-6522 (301) 986-6200 October 29, 2015, Bethesda, MD. Saul Centers, Inc. Reports Third Quarter 2015 Earnings Saul Centers, Inc.
SAUL CENTERS, INC Wisconsin Avenue, Suite 1500, Bethesda, Maryland (301)
May 3, 2018, Bethesda, MD. SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports First Quarter 2018 Earnings Saul Centers, Inc. (NYSE:
SAUL CENTERS, INC Wisconsin Avenue, Suite 1500, Bethesda, Maryland (301)
SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Third Quarter 2017 Earnings November 2, 2017, Bethesda, MD. Saul Centers, Inc.
Balance at Retirements Balance at Beginning Additions and End of ($ in thousands) of Year 3 at Cost Transfers Year 3
CHAPTER 10 Long-Lived Assets and Depreciation 10-1 ShopKo Stores, Inc. (ShopKo) is a leading regional discount store chain operating 109 discount retail stores in 13 states. ShopKo stores carry a wide
SAUL CENTERS, INC Wisconsin Avenue, Suite 1500, Bethesda, Maryland (301)
SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Third Quarter 2016 Earnings November 1, 2016, Bethesda, MD. Saul Centers, Inc.
WEEK 7- CASH FLOW STATEMENT & ACCOUNTING FOR LIABILITIES / BONDS
CIS FINANCIAL ACCOUNTIG 1.1 CONTACT NUMBER 08038400843 CONTACT HOURS TUESDAYS AND FRIDAY 6PM 7PM WEEK 7- CASH FLOW STATEMENT & ACCOUNTING FOR LIABILITIES / BONDS CHAPTER 11 & 12. MULTIPLE CHOICE 1. Which
Lessor Example Performance Obligation Approach
Lessor Example Performance Obligation Approach **Disclaimer The exposure draft received nearly 700 letters of comment through the comment period ended December 15, 2010. There is some expectation that
Heiwa Real Estate Co., Ltd.
To the Shareholders of Heiwa Real Estate Co., Ltd. INFORMATION DISCLOSED ON THE INTERNET UPON ISSUING NOTICE CONCERNING THE CONVOCATION OF THE 94th ORDINARY GENERAL SHAREHOLDERS MEETING THE 94th FISCAL
Two subsidaries - with land sales from parent to each subsidiary, from each subsidiary to parent, and between subsidiaries
TwoSubs.xls (c)john Bildersee 2002 Two subsidaries - with land sales from parent to each subsidiary, from each subsidiary to parent, and between subsidiaries Cost of acquisition 1,200,000 Life Percent
Chapter 15 Leases 15-1
Chapter 15 Leases 1. Why Leasing sometimes makes more sense 2. The accounting issues in recording a lease transaction 3. The types of contractual provisions in lease 4. The lease classification: capital
SECURITIES AND EXCHANGE COMMISSION. Washington, D.C FORM 8-K CURRENT REPORT
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported):
A CASE STUDY: THE TREATMENT OF LEASES AND THE IMPACT ON FINANCIAL RATIOS UNDER THE PROPOSED NEW US GAAP LEASE REQUIREMENTS PER ASU
A CASE STUDY: THE TREATMENT OF LEASES AND THE IMPACT ON FINANCIAL RATIOS UNDER THE PROPOSED NEW US GAAP LEASE REQUIREMENTS PER ASU 842 Peter Harris, New York Institute of Technology Michael Benjamin, New
The Cost Principle. Plant Assets. Intangible Assets. Natural Resources. Depreciation. Amortization. Depletion. Chapter 9
Plant Assets Natural Resources Intangible Assets Depreciation Depletion Amortization Chapter 9 2 Held for use in business Full cost includes several expenditures Last several years Can be sold or traded
SOLUTIONS Learning Goal 19
S1 Learning Goal 19 Multiple Choice 1. b 2. a 3. c 4. b However, the double-declining-balance method calculates the depreciation expense on the full asset cost until the final year of use. 5. d Total appraised
CHAPTER 6 - Accounting for Long-Term Operational Assets
CHAPTER 6 - Accounting for Long-Term Operational Assets ANSWERS TO QUESTIONS 1. Long-term operational assets are those assets that are used by a business to generate revenue. In contrast, investments are
T H E O R Y O F A C C O U N T S
2011 NATIONAL CPA MOCK BOARD EXAMINATION In partnership with the Professional Review & Training Center, Inc. and Isla Lipana & Co. T H E O R Y O F A C C O U N T S INSTRUCTIONS: Select the best answer for
AAT Professional Diploma in Accounting
Qualification Number: R486 04 Qualification Technical Information Version 1.1 published 13 June 2016 AAT Professional Diploma in Accounting Qualification Technical Information Units in this qualification
6. Record the previous transaction assuming the transaction lacks commercial substance.
Final Exam Review Chapters 10, 11, & 12 Spring 2017 Information and materials have been used from other sources including the textbook: Intermediate Accounting by Keiso 1. On January 1, 2014 the company
Auditing PP&E, Including Leases
Auditing PP&E, Including Leases Learning Objectives Discuss typical audit risks and special considerations. Tailor an audit plan to assessed audit risk. Explain key controls related to PP&E. Describe lease
NEWTOWN SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER
NEWTOWN SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016 School Address: Mein Street, Newtown, Wellington School Postal Address: Mein Street, Newtown, WELLINGTON, 6021 School Phone: 04 389
Perry Farm Development Co.
(a not-for-profit corporation) Consolidated Financial Report December 31, 2010 Contents Report Letter 1 Consolidated Financial Statements Balance Sheet 2 Statement of Operations 3 Statement of Changes
Highwoods Reports Third Quarter 2018 Results
FOR IMMEDIATE RELEASE Ref: 18-18 Contact: Brendan Maiorana Senior Vice President, Finance and Investor Relations 919-431-1529 Highwoods Reports Third Quarter 2018 Results $0.32 Net Income per Share $0.86
TWENTY SIXTH AMENDMENT TO THE OFFERING PLAN A PLAN TO CONVERT TO COOPERATIVE OWNERSHIP PREMISES AT 350 BLEECKER STREET, NEW YORK, NEW YORK
TWENTY SIXTH AMENDMENT TO THE OFFERING PLAN A PLAN TO CONVERT TO COOPERATIVE OWNERSHIP PREMISES AT 350 BLEECKER STREET, NEW YORK, NEW YORK The Offering Plan, dated December 31, 1984, as amended by the
Objectives Chapter 12
Objectives Chapter 12 You should be able to Explain valuation and amortization of intangible assets Distinguish between amortization, expensing, and impairment Categorize specifically identifiable intangible
SOLUTIONS. Learning Goal 28
S1 Learning Goal 28 Multiple Choice 1. b 2. a 3. c 4. b However, the double-declining-balance method calculates the depreciation expense on the full asset cost until the final year of use. 5. d Total appraised
Mountain Equipment Co-operative
Mountain Equipment Co-operative Consolidated Financial Statements, and December 28, 2009 April 11, 2012 Independent Auditor s Report To the Members of Mountain Equipment Co-operative We have audited the
Accounting For Leases
C hapter 21 Accounting For Leases Intermediate Accounting 10th edition Nikolai Bazley Jones An electronic presentation by Norman Sunderman Angelo State University COPYRIGHT 2007 Thomson South-Western,
Highwoods Reports Third Quarter 2017 Results
FOR IMMEDIATE RELEASE Ref: 17-20 Contact: Brendan Maiorana Senior Vice President, Finance and Investor Relations 919-431-1529 Highwoods Reports Third Quarter 2017 Results $0.55 Net Income per Share $0.86
ACY 1112 Suggested Solutions Problem 1 (a) Direct Materials $35 Direct Labor 36 Variable Manufacturing Overheads 3 Unit Product Cost $74
2007 2008 ACY 1112 Suggested Solutions Problem 1 Direct Materials $35 Direct Labor 3 Variable Manufacturing Overheads 3 Unit Product Cost $74 PQ Company Income Statement for the month Sales $834,900 Variable
Consolidated Financial Statements of ECOTRUST CANADA. Year ended December 31, 2016
Consolidated Financial Statements of ECOTRUST CANADA KPMG Enterprise TM Metro Tower I 4710 Kingsway, Suite 2400 Burnaby BC V5H 4M2 Canada Telephone (604) 527-3600 Fax (604) 527-3636 INDEPENDENT AUDITORS
The cost of this asset includes the purchase price, plus any taxes, commissions, and other amounts paid to make the asset ready for use.
Accounting Fundamentals Lesson 7 7.0 Long-Term Assets Plant Assets, are long-lived assets that are tangible. The cost of this asset includes the purchase price, plus any taxes, commissions, and other amounts
Chapter 10 Capital Assets Solutions. (g) NA (current asset) (h) NR (i) NA (inventory) (j) I (k) I (l) NA (investment) (m) NR (n) NR (o) NR (p) I
Chapter 10 Capital Assets Solutions Assigned Questions: Study Objective Textbook Pages to Read 9 p. 481-486 19 14-10 Solutions: Q1. Tangible and intangible capital assets both are long-lived assets that
Highwoods Reports Second Quarter 2018 Results
FOR IMMEDIATE RELEASE Ref: 18-14 Contact: Brendan Maiorana Senior Vice President, Finance and Investor Relations 919-431-1529 Highwoods Reports Second Quarter 2018 Results $0.49 Net Income per Share $0.87
La Sierra University Zapara School of Business Intermediate Accounting 3ACCT 343/543 First Exam, Spring Name. Exam Content:
La Sierra University Zapara School of Business Intermediate Accounting 3ACCT 343/543 First Exam, Spring 2014 Exam Content: Q1 Compute amount of lease payment 8 min 8 pts Q2 Lease classification for lessee
Long-lived, Revenue-producing Assets. Expected to Benefit Future Periods
Section 8 - Property, Plant, Equipment (Fixed Assets), and Depletable Resources Types of Assets Long-lived, Revenue-producing Assets 10-1 Expected to Benefit Future Periods Tangible Property, Plant, Equipment
March 23, 2006 Anderson ECON 136A 11am Class FINAL EXAM v. 1 Name
March 23, 2006 Anderson ECON 136A 11am Class FINAL EXAM v. 1 Name YOU MUST WRITE YOUR NAME ON THIS EXAM AND TURN IT IN WITH YOUR SCANTRON AND BLUE-BOOK! Complete questions #1-25 on your scantron AND WRITE
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 10-Q
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended
PS Business Parks, Inc. Reports Results for the Quarter Ended March 31, 2017
News Release PS Business Parks, Inc. 701 Western Avenue Glendale, CA 91201-2349 psbusinessparks.com For Release: Immediately Date: April 25, 2017 Contact: Edward A. Stokx (818) 244-8080, Ext. 1649 PS Business
AIRTEL UGANDA LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 2. Summary of significant accounting policies (continued) (b) Changes in accounting policies (continued) Amendments to IAS 12 Income
4/10/2012. Long-Lived Assets and Depreciation. Overview of Long-lived Assets. Learning Objectives (LO) Learning Objectives (LO)
Learning Objectives (LO) CHAPTER Long-Lived Assets and Depreciation 8 After studying this chapter, you should be able to 1. Distinguish a company s expenses from expenditures that it should capitalize
Highwoods Properties Reports Third Quarter Results. $0.58 FFO per Diluted Share (Excluding Debt Extinguishment Loss and Property Acquisition Costs)
FOR IMMEDIATE RELEASE Ref: 10-28 Contact: Tabitha Zane Vice President, Investor Relations 919-431-1529 Highwoods Properties Reports Third Quarter Results $0.58 FFO per Diluted Share (Excluding Debt Extinguishment
Copyright 2009 The Learning House, Inc. Fixed and Intangible Assets Page 1 of 13
Copyright 2009 The Learning House, Inc. Fixed and Intangible Assets Page 1 of 13 Introduction This lesson focuses on the long-term assets used to operate a company. These assets can be grouped into fixed
CONSOLIDATED FINANCIAL STATEMENTS
CONSOLIDATED FINANCIAL STATEMENTS Dundee Real Estate Investment Trust Consolidated Balance Sheets (unaudited) June 30, December 31, (in thousands of dollars) Note 2004 2003 Assets Rental properties 3,4
Plant assets are resources that have
10-1 LEARNING OBJECTIVE 1 Explain the accounting for plant asset expenditures. Plant assets are resources that have physical substance (a definite size and shape), are used in the operations of a business,
International GAAP Holdings Limited Model financial statements for the year ended 31 December 2017 (With early adoption of IFRS 16)
International GAAP Holdings Limited Model financial statements for the year ended 31 December 2017 (With early adoption of IFRS 16) Appendix 1: Early application of IFRS 16 Leases Introduction This Appendix
Statement of Cash Flows
CA BUSINESS SCHOOL EXECUTIVE DIPLOMA IN BUSINESS AND ACCOUNTING SEMESTER 1 : Preparation of Financial Statements Statement of Cash Flows M B G Wimalarathna (FCA, FCMA, MCIM, FMAAT, MCPM)(MBA PIM/USJ) Introduction
Work4Me Accounting Simulations. Problem Fourteen
Work4Me Accounting Simulations 3 rd Web-Based Edition Problem Fourteen Plant Acquisition and Disposal Page 1 INTRODUCTION The Deco-Block Company buys decorative pre-cast cement blocks for retaining walls
WHITE PAPER ON FUNDS FROM OPERATIONS
WHITE PAPER ON FUNDS FROM OPERATIONS FOR IFRS REVISED: NOVEMBER 2012 Page 1 of 16 I. Introduction and Background TABLE OF CONTENTS II. III. IV. Intended use of FFO FFO Definition Discussion of FFO Definition
The Care and Keeping of Inventory and Fixed Assets
Andrews University Digital Commons @ Andrews University Faculty Publications 3-2011 The Care and Keeping of Inventory and Fixed Assets Annetta M. Gibson Andrews University, gibson@andrews.edu Follow this
Chapter 08 - Long-Term Assets. Chapter Outline
Section 1 Plant Assets I. Cost Determination Plant assets are tangible assets used in a company's operations that have a useful life of more than one accounting period. Consistent with cost principle,
FOR IMMEDIATE RELEASE: Equity One Reports Fourth Quarter and Year End 2014 Operating Results
Equity One, Inc. For additional information: 410 Park Avenue, Suite 1220 Mark Langer, EVP and New York, NY 10022 Chief Financial Officer 212-796-1760 FOR IMMEDIATE RELEASE: Equity One Reports Fourth Quarter
Keweenaw Land Reports Second Quarter Results
Keweenaw Land Reports Second Quarter Results IRONWOOD, Mich., Aug. 24, 2018 (GLOBE NEWSWIRE) -- Keweenaw Land Association, Limited (KEWL: OTC Pink ) today reported financial and operating results for the
Statement of cash flows
Statement of cash flows Handbook US GAAP September 2018 kpmg.com/us/frv Contents Foreword... 1 About this publication... 2 1. Recent ASUs... 4 2. Objective and scope... 12 3. Format of the statement...
MGT401 Mega Quiz File For Final Term By Innocent Prince
MGT401 Mega Quiz File For Final Term By Innocent Prince Innocentprince47@gmail.com Question # 1: Which of the following type of the business is governed under the Partnership Act 1932 in Pakistan? Sole-Proprietorship
GASB Update. Airports Council International North America 2017 Finance Committee Workshop. Blake Rodgers, Senior Manager September 17, 2017
GASB Update Airports Council International North America 2017 Finance Committee Workshop Blake Rodgers, Senior Manager September 17, 2017 Agenda High Level Overview of GASB Statement No. 87, Leases Other
Week11, Chap 8 Accounting 1A, Financial Accounting
Week11, Chap 8 Accounting 1A, Financial Accounting Reporting and Interpreting Property, Plant, and Equipment;Natural Resources; and Intangibles Instructor: Michael Booth Understanding The Business Insufficient
The new IFRS 16 Leases effective as of 1 January 2019
The new IFRS 16 Leases effective as of 1 January 2019 IFRS 16 was issued by IASB on 13 January 2016. The Standard is effective as of 1 January 2019. It has not yet been adopted by the EC. This is a Standard
White Paper on Adjusted Cashflow From Operations (ACFO) for IFRS. February, 2018
White Paper on Adjusted Cashflow From Operations (ACFO) for IFRS February, 2018 Copyright REALPAC is the owner of all copyright in this publication. All rights reserved. No part of this document may be
CHAPTER 21. Accounting for Leases. *1. Rationale for leasing. 1, 2, 4 1, 2 3, 6, 7, 8, 14 5, 9, 10, 11, 12, 13 15, 16, 17, 18
CHAPTER 21 Accounting for Leases ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics Questions Brief Exercises Exercises Problems Concepts for Analysis *1. Rationale for leasing. 1, 2, 4 1, 2 *2. Lessees;
We are pleased to provide all owners with the King s Creek Plantation Owners Association Annual Report.
April 30, 2016 Dear Owner, We are pleased to provide all owners with the King s Creek Plantation Owners Association Annual Report. The Report includes the following information: 1. The full legal name
Some Important Matters
Long-lived Assets 15.501/516 Accounting Spring 2004 Professor S. Roychowdhury Sloan School of Management Massachusetts Institute of Technology March 15, 2004 1 Some Important Matters Problem sets 5&6 Due
INDEPENDENT AUDITORS REPORT 1. Balance Sheets 2. Statements of Operations 3. Statements of Changes in Partners Capital 4. Statements of Cash Flows 5
Sunrise Carlisle, LP Financial Statements as of and for the Years Ended December 31, 2016 and 2015, Other Financial Information, and Independent Auditors Reports TABLE OF CONTENTS INDEPENDENT AUDITORS
Achieved record annual revenues of $110.0 million for 2018, representing an increase of 5.8%
Clipper Realty Inc. Announces Fourth Quarter and Full-Year 2018 Results Reports Record Annual Revenues, Record Annual Income from Operations and Record Quarterly and Annual Adjusted Funds from Operations
CNK & Associates, LLP
& Associates, LLP Accounting Standards vs Taxation - Revenue Recognition, Effect of Changes in Foreign Exchange Rates, Construction Contracts, Leases & Government Grants 8th July 2017 Gautam Nayak Himanshu
GREATER POMONA HOUSING DEVELOPMENT CORPORATION dba ACCESS VILLAGE HUD PROJECT NO. 122-EH175-WAH-LS FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION
GREATER POMONA HOUSING DEVELOPMENT CORPORATION HUD PROJECT NO. 122-EH175-WAH-LS FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION June 30, 2016 and 2015 TABLE OF CONTENTS INDEPENDENT AUDITORS' REPORT
Accounting and Auditing Update. Paul Lundy
Accounting and Auditing Update Paul Lundy Leases: Not Just for the Footnotes Anymore Significant Financial Statement Impact New lease standard generally requires all leases to be capitalized and recognized
INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND NINE-MONTHS PERIOD ENDED 30 SEPTEMBER 2016 TOGETHER WITH THE REVIEW REPORT
INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND NINE-MONTHS PERIOD ENDED 30 SEPTEMBER 2016 TOGETHER WITH THE REVIEW REPORT INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND NINE-MONTHS
Highwoods Reports Third Quarter 2015 Results
FOR IMMEDIATE RELEASE Ref: 15-22 Contact: Mark Mulhern Senior Vice President and Chief Financial Officer 919-875-6682 Reports Third Quarter 2015 Results $0.77 FFO per Share (Including $0.01 per Share of
Financial Statements January 29, 2017 and January 31, 2016 PetSmart Charities of Canada
Financial Statements January 29, 2017 and January 31, 2016 PetSmart Charities of Canada Table of Contents Independent Auditor s Report... 1 Financial Statements... Error! Bookmark not defined. Statement
GASBs Presented by: William Blend, CPA, CFE
GASBs 87-89 Presented by: William Blend, CPA, CFE Leases: Statement 87 Effective Date and General Implementation Effective for Florida fiscal year end 2021. Earlier application is encouraged. Leases should
Clipper Realty Inc. Announces Third Quarter 2018 Results Reports Record Revenues, Income From Operations and Adjusted Funds From Operations
Clipper Realty Inc. Announces Third Quarter 2018 Results Reports Record Revenues, Income From Operations and Adjusted Funds From Operations NEW YORK, November 1, 2018 /Business Wire/ -- Clipper Realty
FOOTHILLS HOMEOWNERS ASSOCIATION FINANCIAL STATEMENTS BALANCE SHEET
FOOTHILLS HOMEOWNERS ASSOCIATION FINANCIAL STATEMENTS BALANCE SHEET Years Ended December 31, ASSETS 2016 Current Assets Cash & Cash Equivalents Checking 532.07 Certificates of Deposit 43942.01 Savings
CFA Level 1. Financial Reporting and Analysis. Non-current Liabilities
CFA Level 1 Financial Reporting and Analysis Non-current Liabilities 2011, Associate Professor Ole Sørensen, Ph.d. Side 1 Coupon Bonds Promises two types of payments: periodic interest payments and a lumpsum
Why IFRS 16 matters to the shipping industry
www.pwc.no Why IFRS 16 matters to the shipping industry October 2017 Executive summary New lease standard to be effective 1 January 2019. Early implementation permitted together with IFRS 15 (effective
Section 12 Accounting for Leases Accounting by the Lessor and Lessee
Section 12 Accounting for Leases Accounting by the Lessor and Lessee 15-1 A lease is an agreement in which the lessor conveys the right to use property, plant, or equipment, usually for a stated period
Extra Space Storage Inc. Reports 2017 Fourth Quarter and Year-End Results
Extra Space Storage Inc. Reports 2017 Fourth Quarter and Year-End Results February 20, 2018 SALT LAKE CITY, Feb. 20, 2018 /PRNewswire/ -- Extra Space Storage Inc. (NYSE: EXR) (the "Company"), a leading
The Financial Accounting Standards Board
V A L U A T I O N How the New Leases Standard May Impact Business Valuations By Judith H. O Dell, CPA, CVA The Financial Accounting Standards Board issued the 485 page Leases Standard (Topic 842) in February,
Chapter 9 Question Review 1
Chapter 9 Question Review 1 Chapter 9 Questions Multiple Choice 1. The calculation of depreciation using the declining-balance method a. ignores salvage value in determining the amount to which a constant
NON-GAAP FINANCIAL MEASURES
NON-GAAP FINANCIAL MEASURES Welltower Inc. (HCN) believes that revenues, net operating income from continuing operations (NOICO), net income and net income attributable to common stockholders (NICS), as
Financial Statements January 28, 2018 PetSmart Charities of Canada
Financial Statements January 28, 2018 Table of Contents Independent Auditor s Report... 1 Financial Statements Statement of Financial Position... 2 Statement of Operations and Changes in Fund Balances...
Glendale, California - PS Business Parks, Inc. (AMEX: PSB), reported operating results for the fourth quarter and the year ending December 31, 2001.
News Release PS Business Parks, Inc. 701 Western Avenue P.O. Box 25050 Glendale, CA 91221-5050 www.psbusinessparks.com For Release: Immediately Date: January 30, 2002 Contact: Mr. Jack Corrigan (818) 244-8080,
MELBOURNE UNIVERSITY INTERMEDIATE FINANCIAL ACCOUNTING 2017 ACCT20002 Notes written by Megan Cheung
MELBOURNE UNIVERSITY INTERMEDIATE FINANCIAL ACCOUNTING 2017 ACCT20002 Notes written by Megan Cheung Topics Covered - Reporting Regulation and conceptual Framework - Accounting for Asset Acquisition - Measure
ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST. Financial Statements. For the Period Ended March 31, 2004
Financial Statements For the Period Ended March 31, 2004 BALANCE SHEET At March 31, 2004 INDEX Page Balance Sheet 1 Statement of Unitholders' Equity 2 Statement of Earnings 3 Statement of Cash Flows 4
Summary of IFRS Exposure Draft Leases
The International Accounting Standards Board (IASB) recently issued a revised exposure draft (ED) relating to leases. Once these proposals are finalized the new guidance will replace the IAS 17 Leases.
WP Glimcher Reports Second Quarter 2016 Results
NEWS RELEASE WP Glimcher Reports Second Quarter 2016 Results COLUMBUS, OH August 3, 2016 WP Glimcher Inc. (NYSE: WPG) today reported financial and operating results for the second quarter ended June 30,
CHAPTER TWO Concepts and principles
CHAPTER TWO Concepts and principles 2.3 GOVERNMENT AND NON-GOVERNMENT GRANTS Recognition and presentation grants and contributions 2.3.2.8 Grants and contributions, including donated assets, shall not
DIRECT-FINANCING TERMS
CHAPTER 21 ALTERNATIVE LESSOR ACCOUNTING GROSS PRESENTATION This alternate discussion describes the accounting by lessors, using a gross presentation. These pages can be substituted for the discussion
Intangible Assets IAS 38, IAS 36, IFRS 3
Intangible Assets IAS 38, IAS 36, IFRS 3 Agenda 1. Introduction 2. Recognition 3. Measurement 4. Impairment of intangible assets (IAS 36) Basic concept Cash-Generating Units 5. Disclosures 2 1 Introduction
Lease & Finance Accountants Conference. September The Westin Charlotte Charlotte, NC
Lease & Finance Accountants Conference September 11-13 The Westin Charlotte Charlotte, NC H A N D O U T S Basic Principles of Lessors under ASC 842 Mamta Shori, Wells Fargo Equipment Finance Joe Sebik,
FPP Committee Meeting Proposed COA Changes. June 8, 2018
FPP Committee Meeting Proposed COA Changes June 8, 2018 Agenda Visit various GASB Statements COA changes needed GASB #84 Fiduciary Activities Statement No. 84 Fiduciary Activities How many currently report
PREVIEW OF CHAPTER 21-2
21-1 PREVIEW OF CHAPTER 21 21-2 Intermediate Accounting IFRS 2nd Edition Kieso, Weygandt, and Warfield 21 Accounting for Leases LEARNING OBJECTIVES After studying this chapter, you should be able to: 21-3
Teresa Gordon s Recommended Alternative to Accounting for Leases
Teresa Gordon s Recommended Alternative to Accounting for Leases Key features: Leases with title transfer and bargain purchase options would not be excluded from the scope. Leases with title transfer or
Sunrise Stratford, LP
Sunrise Stratford, LP Financial Statements as of and for the Years Ended December 31, 2017 and 2016, Other Financial Information, and Independent Auditors Reports TABLE OF CONTENTS INDEPENDENT AUDITORS
CC HOLDINGS GS V LLC INDEX TO FINANCIAL STATEMENTS. Consolidated Financial Statements Years Ended December 31, 2011, 2010 and 2009
INDEX TO FINANCIAL STATEMENTS Consolidated Financial Statements Years Ended December 31, 2011, 2010 and 2009 Report of PricewaterhouseCoopers LLP, Independent Auditors...................................
Massachusetts Housing Investment Corporation Accounting, Audit & Tax Workshop For the Year Ended December 31, 2011
Massachusetts Housing Investment Corporation Accounting, Audit & Tax Workshop For the Year Ended December 31, 2011 Presented By: Marianne Heard, CPA, MST, Tax Director, Kevin P. Martin & Associates, P.C.
Accounting for Plant Assets and Depreciation
Ch16 Accounting for Plant Assets and Depreciation 1 Understanding PPE Acquisition of PPE (cost) Depreciation of PPE Revenue expenditure vs. capital expenditure Disposition of PPE (sale, trade, and discard)
Massachusetts Housing Investment Corporation Accounting, Audit & Tax Workshop For the Year Ended December 31, 2014
Massachusetts Housing Investment Corporation Accounting, Audit & Tax Workshop For the Year Ended December 31, 2014 Presented By: Karen Kent, CPA, Partner, Kevin P. Martin & Associates, P.C. Kenneth Lund,