Fundamentals of Accounting II Pdf notes

Description

CONTENTS

LESSON ONE: Partnership Accounts

• Appropriation A/C
• Current Accounts
• Appropriation Account
• Partnership Loans
• Balance Sheet
• Fixed Assets
• Valuation Of Goodwill
• Capital Accounts
• Partner’s Capital Accounts
• Revaluation
• Current Assets

 LESSON TWO: Company Accounts

• 2.0 Types of Companies
• 2.1 The Balance Sheet
• 2.2 Types of Shares
• 2.5 Accounts of Companies

LESSON THREE: The Accounts of Non-Profit Organisations

• 3.2 Sources of Income for Non-Profit Organisations
• Funds of Non-Profit Organisations
• The Receipts and Payments Account
• 1.0 Membership Subscriptions
• Subscriptions Account
• 3.3 Accounting for the Sale of Investments and Long-Term Assets
• 3.4 Income Statements

LESSON FOUR: Cash Flow Statements

• 4.2. IAS 7 Cash Flow Statements
• Objectives of IAS 7
• Benefits of Cash Flow Information
• Cash and Cash Equivalents
• 4.4 Presentation of a Cash Flow Statement
• Operating Activities
• Investing Activities
• Financing
• Reporting Cash Flows from Operating Activities
• Using the Direct Method
• Using the Indirect Method
• Indirect Versus Direct
• Interest and Dividends
• Preparing Cash Flow Statement
• Working: Non-Current Asset Disposals
• Cost
• Accumulated Depreciation
• Capital and Reserves
• Notes to the Cash Flow Stastement
• The Advantages of Cash Flow Accounting
• Criticisms of IAS 7

LESSON FIVE: Interpretation Of Financial Statements

• 5.1 The Broad Categories of Ratio
• 5.2. Profitability and Return on Capital
• Capital Employed
• Return on Equity (ROE)
• Analyzing Profitability and Return in More Detail: The Secondary Ratios
• Profit Margin
• Long-Term Solvency: Debt and Gearing Ratios
• Gearing/Leverage
• The Implications of High or Low Gearing/Leverage
• Interest Cover
• Cash Flow Ratio
• Short-Term Solvency and Liquidity
• The Cash Cycle
• Liquidity Ratios: Current Ratio and Quick Ratio
• Efficiency Ratios: Control of Receivables and Inventories
• P/E Ratio
• Dividend Yield