FRK 121 (FRK122)

FRK 122 chapter 1 Notes

These study notes were done on the recording and disclosure of current and non-current liabilities. It includes examples of accounting entries for loans and debentures and provides a step by step guide for recording liabilities in account, from the reversal of the prvious year adjustments to the closing process.

Chapter 6 Analysis and Interpretation of financial statements of FRK122 and FRK121 The summary discusses Ratio Analysis, Liquidity ratios, Profitability, and activity ratios. The formulas of gross profit percentage ratio, current ratio, acid-test ratio, inventory turnover rate, number of days inventory on hand, debtors collection period, creditors payment period, and dividend per ordinary share. Solvency ratio, Debt to Equity Debt to asset and interest coverage

Chapter 7 of FRK122:taxation A summary of tax, the types of tax, the calculation of capital gains, income, donation, estate, and dividend tax.

summary of non-current assets, asset realization techniques, and impairment losses. if any issues with the document email:

Part 1:Non-current assets Part 2: Selling an asset Part 3: Scrapping an asset Part 4: Trade in an asset Part 5: Amortization