Companies
Unit 3- financial reporting
,Order of financial reporting:
Pre-adjustment trial balance
Journal entries for adjustments
Post to ledger
Post-adjustment trial balance
Journal entries for closing transfers
Post to ledger and final accounts
Post-closing trial balance
Financial statements
Beginning of new year - reversal entries
, Five main parts of a company’s
annual report:
Statement of Comprehensive Income
Statement of Financial Position
Cash Flow Statement
Directors Report
Independent Auditors Report
Unit 3- financial reporting
,Order of financial reporting:
Pre-adjustment trial balance
Journal entries for adjustments
Post to ledger
Post-adjustment trial balance
Journal entries for closing transfers
Post to ledger and final accounts
Post-closing trial balance
Financial statements
Beginning of new year - reversal entries
, Five main parts of a company’s
annual report:
Statement of Comprehensive Income
Statement of Financial Position
Cash Flow Statement
Directors Report
Independent Auditors Report
