Complete Accounting Summary with all concepts & formulas

General


Summary of actions , decisions , results and transactions

# annual accounts # business unit report (mth ) #tax filing
# capital investment calculations # IFSR

Financial Accounting # external #reporting

Managerial Accounting # internal #evaluation

Accruals # rñdcstellungen # delayed cost

credit card #cash

Fifa oldest inventory is sold first

LF0 most recent inventory is sold first



Balance Sheet ftp.iw-ual #assets # liabilities


Assets =
Liabilities + Equity + Revenue -




Expense
Debit a ☐ ☐ ☐ A


credit ☐ a a a ☐




Trial Balance # total credits

#liabilities #equity #revenue

Profit & Loss Statement #periodical

, Cash Flow statement #periodical


Operating Cashflow #operations #tax # interest
=
Net Income + Liabilities -
Assets

Net Income . Depreciation Expenses 1Eurrent liabilities
,
,
# increase +



At sale of Fixed Assets ,
At current Assets # increase -




Financial Cashflow # funding from shareholders / stakeholders

=
Cash In -
Cash Out

Share Issues , Longterm Loan
taking
cash Dividends Paid Interest,, Treasury Stock # increase -




Investing Cash Flow # assets #capital investments # long-term
=
Sales -
Purchases

Asset sales

Asset Purchases


Formulas


Gross Profit =
Net Sales -
Cost of Goods sold

straight line Depreciation
Annual Depreciation Rate = ^ / Lifespan
]
Annual Depreciation =
Max Depreciation
.
✗ Rate

Double
Declining Depreciation
-




Annual Depreciation Rate = 2/ Lifespan
Annual Depreciation =
Asset Value ✗ Rate

# until Asset Value -
Max .
Depreciation