Ariyanaidoo8

This document goes through the Statement of Cash Flows. The Direct and Indirect method is illustrated along with T-accounts that can be used in calculations.

IAS 38 - Intangible Assets are discussed regarding the conceptual framework. The components, definition, and recognition criteria are analyzed and explained along with examples. Amortisation and the residual value are explained. The intangible assets recon is also given.

This document explains what IAS 40 - Investment property is and how to recognise it. The differences between Investment property, Owner occupied property, and Inventory are also discussed. Recognition, Classification, and measurement are explained along with key concepts of deferred payments and disposals. Steps are provided regarding how to recognise transactions in the journals as well as multiple examples.

This document is a continuation of Owner's equity, non-current liabilities, and companies. Owner's equity is explained in more detail as dividends and retained profits are discussed. The Statement of changes in equity is shown. Taxation is also explained along with its calculations and examples to further illustrate. Withholding tax and capitalization issue is also discussed in this document.

This document provides an in-depth explanation of owner's equity, non-current liabilities, and companies. The different types of shares are discussed along with their journal entries. The issuing of debentures are also illustrated with journal entries.

This document continues the summary of PPE (IAS 16). This summary explains in depth, subsequent measurement. The Cost model and the revaluation model are explained with their formulas and examples. Revaluation increases and decreases as well as impairments are explained. Journal entries are provided and multiple examples can be found in this document.

Property Plant and Equipment is a large section in FinAcc 1, however, this document is an excellent summary of all the important elements of IAS 16. The definition, nature, and classification of PPE is explained simply in this document. Recognition criteria, measurement, and subsequent measurement are explained. Asset Disposal is explained in detail with examples and calculations shown. Depreciation, Impairments, and recoverable amounts are explained and calculations are also shown.

Trade and Other Receivables summarises selling on credit and how to recognise these transactions in the accounting records. This document explains the definition, classification, and recognition criteria of trade and other receivables according to the Conceptual Framework. Credit Losses, Credit Allowances, and Expected Credit loss allowances are also illustrated. Examples are also included.

Trade and Other Payables (IAS 32) summarises buying on credit and how to recognise these transactions in the accounting records. This document explains the definition, classification, and recognition criteria of trade and other payables.

This summary discusses IAS 7 (Cash and Cash equivalents). Bank Recon is discussed as well as what comprises cash and cash equivalents. How to prevent fraud as well as internal controls that can be implemented.