Reviewer in Far Lecture Notes Financial Accounting and Reporting 1 10

aCJc@VX]B9 55 ?

 

Veviewer-IN-G@V - Aemture nctes gin`nmi`a `mmcuntino `nb repcrtino 0-08  @MMCUNR@NMY (Cur A`by cg G`tij` University)

]tuBcmu is nct spcnscreb cr enbcrseb fy `ny mcaaeoe cr university

Bcwnac`beb fy ]dr`v`n ]riniv`s`n (sdr`v`nsriniv`s`n5Hoj`ia.mcj) (sdr`v`nsriniv`s`n5Hoj`ia.mcj)

aCJc@VXB9 55 ?

   

Expense Jedcb-remconicn cg expenses td`t `re

Rde @bkustno Enries Xrcmess

inmurreb/useb r`tder td`n unuseb cr nct yet cmmur -j`be fegcre tde prep`r`cn cg n`nmi`a st`tejents RDE R_C JERDCB] IN VEMCVBINO BEGEVVEB

-@KE `ssions revenues tc tde pericb in wdimd tdey `re

INMCJE

e`rneb, `nb expenses tc tde pericb in wdimd tdey `re inmurreb

Ai`fiaiy Jedcb- remcrbeb wden tde `jcunt is

mcaaemteb. -nemess`ry sc td`t `sset, ai`fiaity ai`fiaity,, revenue `nb expense `mmcunt f`a`nmes `re mcrremtay remcrbeb

Rde mcjjcn `mmcunts useb `re; Une`rneb Vevenue, Begerreb Inmcje, `nb @bv`nmes grcj Muscjers

-witdcut @KE n`nmi`a st`tejents st`tejents j`y nct g`iray sdcw tde scavenmy cg tde enty in tde f`a`nme sdeet `nb tde

Inmcje Jedcb- remconizeb wden tde `jcunt d`s

prct`fiaity in tde inmcje st`tejent

feen e`rneb reo`rbaess wden it w`s mcaaemteb

@mmru`a F`sis -]GX `nb ]MI `re prep`reb cn tde `mmru`a f`sis cg `mmcunno in crber tc jeet tdeir cfkemves -remconizeb wden dey cmmur  `nb nct `s m`sd is remeiveb cr p`ib -ingcrj users nct cnay cg p`st tr`ns`mcns fut `asc tde cfaio`cn tc p`y m`sd in tde guture, `nb cg rescurmes td`t represent m`sd tc fe remeiveb in tde guture —`n expense `are`by inmurreb fu unp`ib’   -(`mmrueb expense)

J`mdino Xrinmipae  

Rde j`tmdino prinmipae biremts ` mcjp`ny tc repcrt `n expense cn its inmcje st`tejent in tde s`je pericb `s tde rea`teb revenues revenues..

 

Rde j`tmdino prinmipae is `sscmi`teb witd tde `mmru`a jetdcb cg `mmcunno  `mmcunno `nb `bkusno entries

 

Rde j`tmdino prinmipae requires td`t revenues `nb `ny rea`teb expenses fe remconizeb tcoetder tcoetder in tde s`je pericb.

—revenue e`rneb fu unmcaaemeb’ -(`mmrueb inmcje) -inmre`ses fctd f`a`nme sdeet `nb inmcje st`tejent

@mmcuntno Mymae M`sd F`sis -bces nc remcrbeb una tde m`sd is p`ib cr remeiveb -m`sd remeipts tre`teb `s revenues -m`sd p`yjents `s expenses -nc `bkustjents `re j`be gcr prep`ib, une`rneb, `nb `mmrueb itejs

0) @n`ay @n`ayz`c z`cn n `n `nb b Ib Ibenm enm`cn `cn cg e event ventss tc fe remcrbeb 6) Rr`ns r`ns`mcns `mcns `re remcrbeb remcrbeb in ttde de Kcurn` Kcurn`aa =) Kcu Kcurn` rn`aa En Entri tries es `re `re pcsteb pcsteb tc tc tde aaebo eboer er 2) Xre Xrep`r p`r`c `cn n cg Rri`a ri`a F F`a` `a`nme nme 5) Xrep` Xrep`r`c r`cn n cg tde _crlsde _crlsdeet et iinmau nmaubino bino @KE

Begerr`a —`n expense `are`by p`ib fu nc ye inmurreb’ -(prep`ib expenses)

?) @bkus @bkusno no Kcurn Kcurn`a `a entrie entriess `re `re KKcurn` curn`aiz aizeb eb `nb `nb

—revenue `are`by mcaaemeb fu nc ye e`rneb’ -(une`rneb inmcje)

Xcsteb 4) Macsi Macsino no Kcurn` Kcurn`aa E Entri ntries es `re `re KKcurn` curn`aiz aizeb eb `nb `nb

7) Xre Xrep`r p`r`c `cn n cg tde Gin Gin`nm `nmi`a i`a ]t`t ]t`tejen ejents ts

Xcsteb 9) Xrep` Xrep`r`c r`cn n cg ` Xcst-Ma Xcst-Macsino csino Rri`a F`a`nme F`a`nme

RDE R_C JERDCB] IN VEMCVBINO XVEX@IB XVEX@IB

08) Veversino Kcurn`a Entries Entries `re Kcurn`aizeb Kcurn`aizeb `nb

@MMCUNR]

Xcsteb @sse Jedcb- ` prep`ib expense `mmcunt (`n `sset) is

* @] CG `re useb in Gin`nmi`a Xcsicn

remcrbeb wden tde `jcunt is p`ib.

* GCV RDE JCNRD ENBEB `re useb gcr Inmcje

Xrep`ib expense `mmcunts inmaube; Cme ]uppaies,

]t`tejent `nb ]MCE

Xrep`ib Ven, Xrep`ib Insur`nme, `nb cders.

Bcwnac`beb fy ]dr`v`n ]riniv`s`n (sdr`v`nsriniv`s`n5Hoj`ia.mcj) aCJc@VXB9 55 ?

 

EGGEMR] CG CJIRRINO @BKU]RJENR]

Incw-grcj s`ae cg prcperty `nb equipjent,

investjents in beft cr equity semuries, mcaaemcns tc



G`iaure tc bc scjetdino espemi`aay ` jcr`a/

nctes remeiv`faes

aeo`a cfaio`cn  

_den `mmcunt`nt g`iaeb tc inmaube tde

Cuacw- tc `mquire prcperty `nb equipjent, `mquirino

prcper `bkusno entries, tde resuano

beft/equity semuries, tc j`le ac`ns tc ctders oener`aay

n`nmi`a st`tejents wiaa nct `mmur`teay

in tde gcrj cg nctes remeiv`faes

reemt tde n`nmi`a pcsicn `nb tde GIN@NMINO @MRIWIRIE]

pergcrj`nme cg tde enty

-cft`inino rescurmes grcj cwners `nb mrebitcrs

]R@REJENR CG M@]D GAC_]  

 

 

Xrcvibes ingcrj`cn `fcut tde m`sd remeipts

-oener`aay acno terj ai`fiaity `nb equity

`nb m`sd p`yjents cg `n enty burino tde

Incws-grcj investjent fy cwners, issu`nme cg beft

pericb

(fcnb `nb nctes)

]dcws tde net inmre`se cr bemre`se in m`sd burino tde pericb `nb tde m`sd f`a`nme `t tde

Cuacws- p`yjents tc cwners in tde gcrj cg

enb cg tde pericb

witdbr`w`as, `nb tc seae nctes p`y`fae

Deaps prckemt tde net m`sd cws cg tde enty

Birem Jedcb

CXEV@RINO @MRIWIRIE]

 

Rde enty’s net m`sd prcvibeb fy cper`no

invcaves es prcvibino servimes, prcbumino `nb beaiverino -invcav

`mvies is cft`ineb fy `bbino tde inbivibu`a

occbs

cper`no m`sd incws `nb tden suftr`mno tde inbivibu`a cper`no m`sd cuacws

-incw/ cuacw cg m`sd grcj `mquirino, seaaino, `nb beaiverino occbs

Inbirem Jedcb  

E.O.,

Berives tde net m`sd prcvibeb fy cper`no `mvies fy `bkusno prct gcr inmcjes `nb

Incw- grcj s`ae cg occbs `nb pergcrj`nme cg servimes,

expense itejs nct resuano grcj m`sd

rcy`aes, gees, mcjjissicns `nb ctder revenues

tr`ns`mcns  

Cuacw-p`yjents tc suppaiers cg occbs `nb servimes,

Rde `bkustjents feoins witd prct gcaacweb fy tde `bbicn cg expense `nb md`roes

ejpacyees, t`xes, interest expense, `nb etm.

XVCGIR @BKU]RJENR] GCV;

INWE]RINO @MRIWIRIE]

NCN M@]D ETXEN]E (BEX’N) -  -inmaube inmaube m`sd `mvies rea`teb tc ncnmurren `sses.  Ncnmurren `sses inmaube; acno-terj investjen investjents< ts< prcperty,, pa`nt, `nb equipjent< tde prinmip`a `jcunt cg  prcperty

ac`ns j`be tc ctder enes. Gcr ex`jpae, m`sd oener`teb grcj tde s`ae cg a`nb `nb

(TTT)

BEMVE@]E IN AI@FIAIRY BEMVE@]E IN @]]ER

(TTT) TTT

INMVE@]E IN AI@FIAIRY

TTT

M@]D GAC_] GVCJ C@

XTTT

inmaubeb in tdis m`teocry. *ncte td`t interest remeiveb grcj ac`ns is inmaubeb in cper`no `mvies

Bcwnac`beb fy ]dr`v`n ]riniv`s`n (sdr`v`nsriniv`s`n5Hoj`ia.mcj) aCJc@VXB9 55 ?

TTT

INMVE@]E IN @]]ER

m`sd p`ib gcr `n investjent in `nctder mcjp`ny `re

 

XTTT

Bcwnac`beb fy ]dr`v`n ]riniv`s`n (sdr`v`nsriniv`s`n5Hoj`ia.mcj)