Financial and Management Accounting
College 1
Financial Function: 3 fields
Financial accounting
Management accounting / -control
(finance)
3 documents
Balance sheet “Picture”
Cash flow statement “Movie”
Profit & Loss account “Movie”
Financial framework balance sheet
Linkerkant Balance sheet: dingen die we hebben (huis etc.)
Rechterkant balance sheet: hoe gefinancierd
Assets (= what do I have) (How have I financed)
Fixed Liabilities
Current Equity
Money = the cash you have (asset)
Financial framework income statement (= profit & loss account)
Net Sales
Direct cost of sales
Gross income
Operating costs (labor, depreciation, amortization)
Earnings before interest and taxes
Interest
Earnings before taxes
Taxes
Net income
Sales – Costs = Ebit
Ebit – Interest – Tax = Net profit / loss
Financial framework cash flow
Cash flow statement
From operations
From investments
From financing
What is a balance sheet?
When in balance? Fotograph of possessions (assets) = debts (equities/liabilities)
P&L Account:
Examples of Costs:
Depreciation
Salaries
Raw Materials
,Balance Sheet
Assets Liabilities and equity
Fixed assets Group equity
Intangible fixed assets Equity
Tangible fixed assets Collectively financed restricted capital
Financial fixed assets Other reserves
Total fixed assets Total equity
Third party share in group equity
Current assets Total group equity
Inventories
Cost and estimated earnings on uncompleted Provisions
care (DBC’s)
Receivables Long term liabilities
Cash and cash equivalents
Total current assets Current liabilities and accrued expenses
Estimated net health insurance company
Total assets settlements
Accounts payable
Total current liabilities
Total equity and liabilities
Profit and Loss Account
Operating income
Income from care services
Subsidy income
Other operating income
Total operating income
Operating expenses
Personnel costs
Amortization and depreciation
Impairment of tangible fixed assets
Other operating expenses
Total operating expenses
Operating result
Financial income and expenditure
Group result on ordinary activities
Share third parties in group result
Result attributable to UMC Utrecht
, Tutorial 1 – 13 September
Exercise 2.3 Solutions page 786
Profit&Loss Account Antwoorden:
Dag 1
Inkoopkoste
n 40
Omzet 56
Brutowinst 16
Dag 2
Inkoopkoste
n 30
Omzet 52
Brutowinst 22
Dag 3
Inkoopkoste
n 30
Omzet 34
Brutowinst 4
Totale winst 42
Cash flow
Totale inkoopkosten = 100
Totale omzet = 142
Totale winst = 42
College 1
Financial Function: 3 fields
Financial accounting
Management accounting / -control
(finance)
3 documents
Balance sheet “Picture”
Cash flow statement “Movie”
Profit & Loss account “Movie”
Financial framework balance sheet
Linkerkant Balance sheet: dingen die we hebben (huis etc.)
Rechterkant balance sheet: hoe gefinancierd
Assets (= what do I have) (How have I financed)
Fixed Liabilities
Current Equity
Money = the cash you have (asset)
Financial framework income statement (= profit & loss account)
Net Sales
Direct cost of sales
Gross income
Operating costs (labor, depreciation, amortization)
Earnings before interest and taxes
Interest
Earnings before taxes
Taxes
Net income
Sales – Costs = Ebit
Ebit – Interest – Tax = Net profit / loss
Financial framework cash flow
Cash flow statement
From operations
From investments
From financing
What is a balance sheet?
When in balance? Fotograph of possessions (assets) = debts (equities/liabilities)
P&L Account:
Examples of Costs:
Depreciation
Salaries
Raw Materials
,Balance Sheet
Assets Liabilities and equity
Fixed assets Group equity
Intangible fixed assets Equity
Tangible fixed assets Collectively financed restricted capital
Financial fixed assets Other reserves
Total fixed assets Total equity
Third party share in group equity
Current assets Total group equity
Inventories
Cost and estimated earnings on uncompleted Provisions
care (DBC’s)
Receivables Long term liabilities
Cash and cash equivalents
Total current assets Current liabilities and accrued expenses
Estimated net health insurance company
Total assets settlements
Accounts payable
Total current liabilities
Total equity and liabilities
Profit and Loss Account
Operating income
Income from care services
Subsidy income
Other operating income
Total operating income
Operating expenses
Personnel costs
Amortization and depreciation
Impairment of tangible fixed assets
Other operating expenses
Total operating expenses
Operating result
Financial income and expenditure
Group result on ordinary activities
Share third parties in group result
Result attributable to UMC Utrecht
, Tutorial 1 – 13 September
Exercise 2.3 Solutions page 786
Profit&Loss Account Antwoorden:
Dag 1
Inkoopkoste
n 40
Omzet 56
Brutowinst 16
Dag 2
Inkoopkoste
n 30
Omzet 52
Brutowinst 22
Dag 3
Inkoopkoste
n 30
Omzet 34
Brutowinst 4
Totale winst 42
Cash flow
Totale inkoopkosten = 100
Totale omzet = 142
Totale winst = 42
