BUS 082 Lecture Notes - Lecture 32: Cash Flow Statement, Accrual, Net Profit

• School: College of The Sequoias
• Department: Business (BUS)
• Course: BUS 082
• Professor: Porterfield

Document Summary

Depreciation is for tangible assets, amortisation is for intangible assets (e. g. goodwill) Statutory profit for the year usual profit, then other section. Income is made up of revenue and gains (non-operating profit) Businesses have to prepare these statements, statutory statements. Oe = capital + revenue expenses drawings dividends. Retained profit last years profit + this years profit dividends reserves. A business doesn"t have to pay dividends, but if don"t investors will sell shares. Dividends interim (half yearly) / final dividend. Interest will be shown as other revenue" under total revenue. Cost of goods sold (cogs) / cost of sales (cos) Sales revenue = and cogs = , gross profit = . If you make product need to include labour costs, electricity, material etc: statement of financial performance, cash flow statement, statement of financial position. Classified report rent of a truck, wages, sales commission etc. Selling and distribution expense etc. made up of many expenses, advertising, fuel,