BU387 Lecture Notes - Lecture 8: Accounts Payable, Vajrayana, Disclose
Document Summary
Objective#1- understand the statement of financial position (sfp) and the. Or provision for inventory: assess credit worthiness. Ar should be separated, as well as property held for use vs held for sale: monetary and non-monetary instruments should be reported separately, monetary assets- cash or claims to fixed future cash flows. Easy to calculate carrying value as it"s more representative of what the company will actually receive. Examples: cash/notes receivables: property, plant, equipment, and intangibles are non-monetary assets as their value in terms of monetary units isn"t fixed. No, they"re rather being consumed: long-term investments, property, plant, and equipment. If they expected profit, then that should be a current asset as they"re not planning on holding it: strategic orientation: where we"ve acquired the shares from another company we"re looking to take over . Inventories: assets that are, held for sale in the ordinary course of business. In the process of production for such sale, or.
