By Roy on June 9, 2010
The items about cash flow financing activities are the proceeds of issue of shares and long-term borrowings made or repaid.
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By Roy on June 9, 2010
The items about cash flow investing activities are cash spent on non-current assets, proceeds of sale of non-current assets and income from investments.
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By Roy on June 9, 2010
Preparing cash flow from operating activities is one parts of preparing the cash flow statement. Here introduce the detailed calculation and the meaning of specific items about cash flow from operating activities.
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By Roy on June 8, 2010
Revenue is the gross inflow of economic benefits during the period arising in the course of the ordinary activities of the enterprise.
The term revenue can apply to:
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By Roy on June 8, 2010
Revenue should be measured at the fair value of the consideration received or receivable.
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By Roy on June 8, 2010
An enterprise should disclose:
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By Roy on June 7, 2010
A contingent asset is a possible asset that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the enterprise.
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By Roy on June 7, 2010
There are two types of contingent liabilities:
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By Roy on June 7, 2010
Purchased goodwill arises as a result of a purchase transaction.
It will be recognised withtin the accounts because at a specific point in time the face of purchase has established a figure of value for the business as a whole which can be compared with the fair value of the individual assets acquired, and this figure will be incorporated in the accounts of the acquiring business as the cost of the acquisition.
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By Roy on June 6, 2010
Return on capital employed (ROCE) is the ratio which measures the relationship between the size of the profit figure relevant to the size of the business.
The return on capital employed formula is:
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