ACCTG3-CH5 Financial Accounting Valix 2014 Volume 1

Sample Company Statement of Financial Position As of December 31, 2014 ASSETS ASSETS Current Assets: Cash and Cash Equivalents Financial Assets at Fair Value Trade and Other Receivables Inventories Prepaid Expenses TOTAL CURRENT ASSETS Non-Current Assets: Property, Plan and Equipment Long-term Investments Intangble Assets TOTAL NON-CURRENT ASSETS TOTAL ASSETS

LIABILTIES & SHAREHOLDeR'S EQUIT LIABILITIES Current Liabilities: Trade and Other Payables Current Portion of Serial Bonds Payable TOTAL CURRENT LIABILITIES Non-Current Liabilities: Serial Bonds Payable-Remaining Portion TOTAL LIABILITIES SHAREHOLDER'S EQUITY Share Capital Reserves Retained Earnings TOTAL SHAREHOLDER'S EQUITY TOTAL LIABILITIES & SHAREHOLDER'S EQUITY

NOTES NOTE 1: Cash and Cash Equivalents Cash Total Cash and Cash Equivalents

NOTE 3: Inventories Finished Goods Goods in Process Factory Supplies Raw Materials Total Inventories NOTE 5: Property, Plan and Equipment Land Machinery Building Tools Accum Dep'n:

NOTE 7: Intangible Assets Goodwill Franchise NOTE 9: Reserves Share Premium

Building Machinery

420,000 420,000

400,000 600,000 50,000 200,000 1,250,000

1,500,000 2,000,000 4,000,000 40,000 7,540,000 -1,600,000 -1,300,000 4,640,000 100,000 200,000 300,000 500,000 500,000

Sample Company ement of Financial Position s of December 31, 2014 ASSETS NOTES 1 2 3 4

ACCTS 1 1 5 4 1

420,000 250,000 620,000 1,250,000 20,000 2,560,000

5 6 7

6 2 2

4,640,000 2,000,000 300,000

6,940,000 9,500,000

& SHAREHOLDeR'S EQUITY

8

6 1

620,000 500,000 1,120,000

2,000,000 3,120,000

9

1 1 1

5,000,000 500,000 880,000 6,380,000 9,500,000

NOTES NOTE 2: Trade and Other Receivables Claim Receivable Notes Receivable Accounts Receivable Allow. For Doubtful Accounts

NOTE 4: Prepaid Expenses Prepaid Insurance Total Prepaid Expenses

NOTE 6: Long-term Investments Plant Expansion Fund Investments in Bonds

NOTE 8: Trade and Other Payables Accounts Payable Notes Payable Employees Income Tax Payable Accrued Expenses Accrued Interest on Note Payable Income Tax Payable Advances from Customers

20,000 150,000 500,000 -50,000 620,000

20,000 20,000

500,000 1,500,000 2,000,000

300,000 100,000 20,000 30,000 10,000 60,000 100,000 620,000

32 accts

Exemplar Company Statement of Financial Po As of December 31, 20 ASSETS ASSETS Current Assets: Cash and Cash Equivalents Investments Trade and Other Receivables Inventories Prepaid Expenses TOTAL CURRENT ASSETS Non-Current Assets: Property, Plan and Equipment Long-term Investments Intangble Assets Other Non-Cash Assets TOTAL NON-CURRENT ASSETS TOTAL ASSETS

LIABILTIES & SHAREHOLDER'S EQ LIABILITIES Current Liabilities: Trade and Other Payables TOTAL CURRENT LIABILITIES Non-Current Liabilities: Premium on Bonds Payable Bonds Payable TOTAL NON-CURRENT LIABILITIES TOTAL LIABILITIES SHAREHOLDER'S EQUITY Share Capital Reserves Less: Deficit TOTAL SHAREHOLDER'S EQUITY TOTAL LIABILITIES & SHAREHOLDER'S EQUITY

Exemplar Company ement of Financial Position of December 31, 2014 ASSETS NOTES 1 2 3 4 5

ACCTS 1 3 3 1 1

500,000 780,000 640,000 1,300,000 70,000 3,290,000

6 7 8 9

5 3 2 2

5,300,000 810,000 3,350,000 150,000

9,610,000 12,900,000

& SHAREHOLDER'S EQUITY

10

5

1,000,000 1,000,000

1 1

1,000,000 5,000,000 6,000,000 7,000,000

11 12

2 2 1

7,000,000 700,000 -1,800,000 5,900,000 12,900,000

35 accounts

NOTES NOTE 1: Cash and Cash Equivalents Cash Total Cash and Cash Equivalents

NOTE 4: Inventories Inventories Total Inventories

110,000 NOTE 6: Property, Plan and Equipment Land Equipment Building Accum Dep'n:

Building Equipment

NOTE 8: Intangible Assets Lease Rights Computer Software

NOTE 11: Share Capital Preference Share Capital Ordinary Share Capital

NOTE 12: Reserves Share Premium-Preference Share Premium-Ordinary

NOTES 500,000 500,000

1,300,000 1,300,000

1,500,000 1,000,000 5,000,000 7,500,000 -2,000,000 -200,000 5,300,000

100,000 3,250,000 3,350,000

2,000,000 5,000,000 7,000,000

500,000 200,000 700,000

NOTE 2: Investments Land held for speculation Trading Securities

NOTE 3: Trade and Other Receivables Accounts Receivable Allow. For Doubtful Accounts Accrued Interest in Notes Rec Notes Receivable

NOTE 5: Prepaid Expenses Prepaid Expenses Total Prepaid Expenses NOTE 7: Long-term Investments Sinking Funds Cash Surrender Value Preference share redemption fund NOTE 9: Other Non-Cash Assets Long-term refundable deposit Advances to officers-not currently collectible NOTE 10: Trade and Other Payables Accounts Payable Notes Payable SSS Payable Withholding Tax Payable Dividends Payable Accrued Salaries Unearned Rent Income

s

500,000 280,000 780,000

400,000 -20,000 10,000 250,000 640,000

70,000 70,000

400,000 60,000 350,000 810,000 50,000 100,000 150,000

400,000 300,000 10,000 30,000 120,000 100,000 40,000 1,000,000

ACCOUNTS:27 Relax Company Statement of Financial Position As of December 31, 2014 ASSETS ASSETS Current Assets: Cash and Cash Equivalents Trade and Other Receivables Inventories Prepaid Expenses TOTAL CURRENT ASSETS Non-Current Assets: Property, Plan and Equipment Investment in associate Intangible Assets TOTAL NON-CURRENT ASSETS TOTAL ASSETS

LIABILTIES & SHAREHOLDER'S EQUITY LIABILITIES Current Liabilities: Trade and Other Payables Mortgage Notes Payable-Current Portion TOTAL CURRENT LIABILITIES Non-Current Liabilities: Mortgage Notes Payable-Remaining portion Bank Loan Payable-due June 30, 2016 TOTAL NON-CURRENT LIABILITIES TOTAL LIABILITIES SHAREHOLDER'S EQUITY Share Capital Reserves Retained Earnings TOTAL SHAREHOLDER'S EQUITY TOTAL LIABILITIES & SHAREHOLDER'S EQUITY

NOTES

elax Company nt of Financial Position December 31, 2014

NOTE 1 Cash & Cash Equivale Cash

ASSETS NOTES 1 2

ACCTS 1 2 1 1

NOTE 2 Trades and other Rece Accounts Receivable Less: Allow for Doubtf

400,000 750,000 1,000,000 100,000 2,250,000

3 4

7 1 2

5,600,000 1,300,000 350,000 7,250,000 9,500,000

NOTE 3 Plan, Property, and Eq Land Building Machinery Equipment Total Property, Plan, a Building Less: Accum. Machinery Dep'n Equipment Carrying Amount

HAREHOLDER'S EQUITY

5

5 1

NOTE 4 Intangible Assets Trademark Secret processes and

1,350,000 400,000 1,750,000

ng portion 1

1,600,000 500,000 2,100,000 3,850,000

6

1 3 1

3,000,000 1,400,000 1,250,000 5,650,000 9,500,000

NOTE 5 Trade and Other Paya Accounts Payable Notes Payable Income tax Payable Accrued Expenses Estimated Liability for

NOTE 6 Reserves Share Premium Retained Earning app Retained Earning app

NOTES

ash & Cash Equivalents

rades and other Receivable ccounts Receivable ess: Allow for Doubtful Accts

400,000 400,000

800,000 50,000 750,000

lan, Property, and Equipment

quipment otal Property, Plan, and Equip

quipment arrying Amount

ntangible Assets rademark ecret processes and formulas

rade and Other Payables ccounts Payable otes Payable ncome tax Payable ccrued Expenses stimated Liability for Damages

hare Premium etained Earning approp-PE etained Earning approp-Cont

500,000 5,000,000 3,000,000 400,000 8,900,000 2,000,000 1,200,000 100,000 5,600,000

150,000 200,000 350,000

350,000 750,000 50,000 60,000 140,000 1,350,000

300,000 1,000,000 100,000 1,400,000