Accounting Plus: The Financial Statements Module IV PDF
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Timoleon S. Lianza
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Summary
This document is a module on accounting in the Accounting Plus program. It covers understanding financial statements and includes exercises on current and non-current assets, liabilities, and owners' equity, along with income statements and balance sheets.
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ACCOUNTING PLUS **TIMOLEON S. LIANZA** Understand the objective Prepare the balance Users' decisions involve ------------------------ 1. general-purpose financial reporting ### Prospects for future net cash inflows to the entity 1. general-purpose financial reporting In making assessments...
ACCOUNTING PLUS **TIMOLEON S. LIANZA** Understand the objective Prepare the balance Users' decisions involve ------------------------ 1. general-purpose financial reporting ### Prospects for future net cash inflows to the entity 1. general-purpose financial reporting In making assessments users need information about: ---------------------------------------------------  2. statement 1. Income 2. Expenses  - FLraomsewsoerks. \[F 4.33 and F 4.34\] Consulting Revenues P1,260,000 Royalty Revenues 40,000 Total Revenues P 1,300,000 P 20,000 230,000 10,000 400,000 300,000 30,000 10,000 300,000 1,400,000 1,400,000 [ 200,000] **P1,200,000** 1. Assets 2. Liabilities 3. Equity/Capital ### the assets of a company that  Exercise 1 ========== 1. **Please identity the following as to: Current Asset/Non-Current asset/Current Liability/Non- current Liability/Equity/In come/Expense** 2. **Describe them** Exercise 1 ========== 1. **Please identity the following as to: Current Asset/Non-Current asset/Current Liability/Non- current Liability/Equity/In come/Expense** 2. **Describe them** Exercise 1 ========== 1. **Please identity the following as to: Current Asset/Non-Current asset/Current Liability/Non- current Liability/Equity/In come/Expense** 2. **Describe them** Exercise 1 ========== 1. **Please identity the following as to: Current Asset/Non-Current asset/Current Liability/Non- current Liability/Equity/In come/Expense** 2. **Describe them** Exercise 1 ========== 1. **Please identity the following as to: Current Asset/Non-Current asset/Current Liability/Non- current Liability/Equity/In come/Expense** 2. **Describe them** Exercise 1 ========== 1. **Please identity the following as to: Current Asset/Non-Current asset/Current Liability/Non- current Liability/Equity/In come/Expense** 2. **Describe them**  - **the Income** - **Statement of** - **the Balance Sheet** Exercise 2 ====================================================== 1. [**Pen**](#_bookmark5) 2. [**Paper**](#_bookmark5) 3. [**Calculator**](#_bookmark5) 
