FORMAT OF INTERIM FINANCIAL REPORTS(FRS 134)

Tweet The interim financial statements (whether condensed or full set) include: Balance sheet as of the end of the current interim period and a comparative balance sheet as of the end of the immediately preceding financial year Income statements for the current interim period and cumulatively for the current financial year to date, with comparative […]

Format of Trading,Income and Expenditure Account and Balance Sheet Of A Non-Trading Organization

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Format Of Profit & Loss Appropriation Accounts For Partnership And Limited Company

Tweet Append below are two snapshots of profit and loss appropriation account applicable to partnership and limited company: {click here to go to Content Page on All other articles on commonly used ACCOUNTING REPORTS FORMAT}

Format Of The INDIRECT METHOD of Cash Flow Statement (FRS 107)

Tweet Earlier article is on the format of the Direct method. Append below is the INDIRECT method commonly used by many companies to present their cash flow statements. { Click here to go to Content Page on All other articles on commonly used ACCOUNTING REPORTS FORMAT }

Format Of Direct Method Of Cash Flow Statement ( FRS 107)

Tweet Below is the format or presentation of the Direct method of cash flow statement. If the direct method is used, then the entity needs to disclose in the notes a statement reconciling the cash flows from operations to the net profit from the income statement for the period. { Click here to go to […]

Format of Statement of Changes in Equity

Tweet Earlier article describes what is the statement of changes in equity and how it related to FRS 101. Below is the format of statement of changes in equity which discloses: The opening components of equity, and the increases and decreases for the year of each component. During the current year, there was an issue […]

Format of A Trading and Income Statement where an entity purchases all its goods for resale from outsides

Tweet Earlier article showed the format of a manufacturing account. Another article showed the format of the trading and income statement which accomodates the cost of goods manufactured by the same entity. Unlike the above, below is a snapshot  of an entity’s trading and income statement where an entity is buying all its goods for […]

Format of a Trading and Income Statement where the entity manufactures all its goods for resale

Tweet Earlier article shows a simple format for a manufacturing account or statement. Next a snapshot of the format of an entity’s trading and income statement with assumption that all its goods for resales are manufactured within the entity. { Click here to go to Content Page on All other articles on commonly used ACCOUNTING REPORTS FORMAT […]

Format of Multiple Step Income Statement

Tweet Refer article on advantages and disadvantage of using the multiple step income statement { Click here to go to Content Page on All other articles on commonly used ACCOUNTING REPORTS FORMAT }

Format Of Single Step Income Statement

Tweet Refer article on advantages and disadvantages of using the single step method. { Click here to go to Content Page on All other articles on commonly used ACCOUNTING REPORTS FORMAT }