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Financial accounting lecture notes

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This provides information on how to record financial statements e.g. income statements ( comprehensive income) , balanced sheet (statement of financial position) and changes in owners equity and more is given Check and follow me for more info on Financial accounting

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  • August 28, 2023
  • 5
  • 2023/2024
  • Class notes
  • Mr pradeep
  • All classes
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INTRODUCTION TO FINANCIAL ACCOUNTING




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UNIT 3: INTRODUCTION TO FINA




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.......
STATEMENTS
1

OUTCOMES To be able to explain the purpose and
FOR importance of the various financial statements.
TODAY’S
WEBINAR To be able to prepare a Statement of
Comprehensive Income from stated transaction

To be able to prepare a Statement of Financial
Position from stated transactions.

To be able to prepare a Statement of Changes
equity from stated transactions.

, INTRODUCTION TO FINANCIAL ACCOUNTING




.......
UNIT 3: INTRODUCTION TO FINA




.......




.......
STATEMENTS
2

PURPOSE
AND
Statement of Comprehensive Income:
IMPORTANCE Profit/Loss; Efficiency of operations
OF THE
VARIOUS
FINANCIAL Statement of Financial Position: Calculate
STATEMENTS assets, equity and liabilities; Financial
position
Statement of Changes in Equity: Review
changes to owner’s interest; Review owner
interest.

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