• Wrong document? Swap it for free
  • Written by students who passed
  • Immediately available after payment
  • Read online or as PDF
Sell
Where do you study
Your language
Document preview thumbnail
Preview 1 out of 15 pages
Summary

Summary Accounting Book & Knowledge Clips

Document preview thumbnail
Preview 1 out of 15 pages

This is a summary of the theory on finances from "Accounting - An Intorduction" and all knowledge clips. It is used for the Financial Management (FIM) exam and 20 questions in the Operational Management (OPM) exam.

Content preview

Accounting – An Introduction
Summary ch. 2,3,6,7 & 14

Chapter 2 | Measuring & reporting financial position
+ Knowledge Clip “Financial Statements & Annual Report”

Major financial statements
Balance sheet
 statement of financial position: what is the accumulated wealth of the business at the end of a certain period?

Income statement
 profit & loss account: how much wealth (profit) was generated/lost by the business over a certain period?

Cash-flow statement
 what cash movements (in/out) were made by the business over a certain period?

Relationships




Balance Sheet
 assets of business on one hand, claims against business on other hand

Assets
Characteristics of Assets
 business has right to control the resource
 probable future monetary value (use in company / hire / sale)
 benefit must arise from some past action / event (asset already bought before, not in future)
 asset must be measurable in monetary terms
Types of Assets
 property  plant & equipment
 fixtures & fittings  patents & trademarks
 trade receivables / debtors (able to pay!)  investments
 inventory  cash
 tangible assets (e.g. machines) & intangible assets (e.g. patents)

Connected book
 image
Eddie Mclaney, Peter Atrill Accounting and Finance: An Introduction
Publisher: januari 2016 ISBN: 9781292088297 Edition: 1

Document information

Study
Summarized whole book?
No
Which chapters are summarized?
Chapter 2, 3, 6, 7, 14
Uploaded on
March 19, 2017
File latest updated on
March 19, 2017
Number of pages
15
Written in
2016/2017
Type
Summary
Free
Download
Purchased by 17 students

Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
mariejakobi
4.0
(69)
Sold
290
Followers
171
Items
2
Last sold
3 year ago

Reviews from verified buyers




Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Working on your references?

Frequently asked questions