RSM219H1 Study Guide - Final Guide: Loyalty Program, Unemployment Benefits, Pension
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RSM219H1 Full Course Notes
Verified Note
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Document Summary
Nancial statements statement of income statement of changes in equity statement of nancial position statement of cash ows notes to the nancial statements the basic accounting equation. Accounting standards objective is to produce useful nancial statements to stakeholders. Financial analysis di erent kind of analysis horizontal (retrospective) vertical (cross-sectional) prospective trend ratios liquidity current ratio quick ratio activity. % of debt to equity coverage interest coverage cash ow to total liabilities pro tability gross pro t margin net pro t margin net pro t margin return on assets return on equity equity analysis earnings per share price / earnings. Nsf cheques account receivable allowance method carrying amount = total value - ada key transactions establish allowance and record bde write o the receivables recovery percentage of credit sales method aging of a/r method. Inventory inventory consists of raw material, work in process and nished goods. Bi + purchase = cost of goods available for sale.
