- published: 06 Dec 2014
- views: 14953
A financial statement (or financial report) is a formal record of the financial activities and position of a business, person, or other entity.
Relevant financial information is presented in a structured manner and in a form easy to understand. They typically include basic financial statements, accompanied by a management discussion and analysis:
Financial accounting (or financial accountancy) is the field of accounting concerned with the summary, analysis and reporting of financial transactions pertaining to a business. This involves the preparation of financial statements available for public consumption. Stockholders, suppliers, banks, employees, government agencies, business owners, and other stakeholders are examples of people interested in receiving such information for decision making purposes.
Financial accountancy is governed by both local and international accounting standards. Generally Accepted Accounting Principles (GAAP) is the standard framework of guidelines for financial accounting used in any given jurisdiction. It includes the standards, conventions and rules that accountants follow in recording and summarising and in the preparation of financial statements. On the other hand, International Financial Reporting Standards (IFRS) is a set of international accounting standards stating how particular types of transactions and other events should be reported in financial statements. IFRS are issued by the International Accounting Standards Board (IASB). With IFRS becoming more widespread on the international scene, consistency in financial reporting has become more prevalent between global organisations.
An Introduction to Financial Accounting by Brian Bushee. University of Pennsylvania. An Introduction to Financial Accounting This course will improve your fluency in financial accounting, the language of business. You will learn how to read, understand, and analyze most of the information provided by companies in their financial statements. These skills will help you make more informed decisions using financial information. Course Syllabus The course is broken up into ten weekly modules: Introduction and Balance Sheet Accrual Accounting and the Income Statement Cash flows Working capital assets Ratio analysis and Mid-course Exam Long-lived assets and marketable securities Liabilities and long-term debt Deferred taxes Stockholders’ equity How to read an Annual Report and Final Exam
A brief description and demo of Financial Reporting with a comparison to Smart View. See how Financial Reporting creates highly formatted, book quality finance and management reports to view and distribute in workspace. HCG Quick tips are presented by HCG's certified Oracle Hyperion instructors. Want to see more? Stay tuned to this youtube channel and visit us at: www.harbinger-group.com for Oracle EPM & BI training, consulting, support and staffing.
This video provides an introduction to the elements used to record business transactions into the accounting system. Download the questions this video solves from my Dropbox: https://www.dropbox.com/s/1x0xgunxazigd2b/Chapter%202%2C%20Video%201%2C%20Financial%20Reporting%20Elements%20QUESTIONS.pdf?dl=0 A link to the transcript for this video is available for download from my Dropbox: https://www.dropbox.com/s/ehjccgtxqcxsa8t/Accounting%20Equation%20-%20Video%201%20-%20Financial%20Reporting%20Elements.pdf?dl=0 This video is used in conjunction with Chapter 2 in the ACC100 Introduction to Financial Accounting course at Ryerson University.
A wealth of information is available to you if you know how to read financial statements, but what exactly is a financial statement? In this tutorial, Rudolph Rosenberg explains the four types of financial statements in depth. Watch more at http://www.lynda.com/Business-Finance-tutorials/Financial-Literacy-Reading-Financial-Reports/135826-2.html?utm_campaign=8G832H-BPEA&utm;_medium=viral&utm;_source=youtube. This tutorial is a single movie from the Financial Literacy: Reading Financial Reports course presented by lynda.com author Rudolph Rosenberg. The complete course is 1 hour and 25 minutes and shows how to read income statements, cash flow statements, and balance sheets and assess the financial health of your business and your competition. Introduction 1. Financial Statements 2. The Bal...
Financial Accounting ACG2021 Spring 2008 SFCC Crosson Chapter 4 Videos
Other Playlists for CFA Level 1 Macroeconomics: https://www.youtube.com/watch?v=08ezkRxsX9I&list;=PLM9WI-4yn8BKpJUc_u0uHokYV-RPIqTTW Microeconomics https://www.youtube.com/watch?v=wD_fVYjF-8E&list;=PLM9WI-4yn8BIkIVB9yfFcTVKT3uO_d3hZ Fixed Income: https://www.youtube.com/watch?v=nLWtT1XlHSM&list;=PLM9WI-4yn8BI0Jy0CH0SQw9ZMiYTWBz0c Quantitative Methods: https://www.youtube.com/watch?v=BUzBMtfxfqI&list;=PLM9WI-4yn8BIYIUfgssEaLXUpUiOtZSD_ CFA Level 1 Financial Reporting and Analysis Financial Statement Analysis: An Introduction Learning Objectives: 1. Describe the roles of financial reporting and financial statement analysis 2. Describe the roles of the statement of financial position, statement of comprehensive income, statement of changes in equity, and statement of cash flows in eva...
To Book your DVDs of CA Final call at 0551-6050551
Student Advisory on Recent Changes in financial Reporting by CA Parveen Sharma
http://www.ifrsbox.com IFRS Framework summary explains current Framework developments, focusing on qualitative characteristics of financial reporting, its purpose, measurement, recognition, elements of the financial statements and many more. Get "Top 7 IFRS Mistakes" report and e-mail updates at http://www.ifrsbox.com