Hi all
Good luck for your exam results for next week - I have everything crossed for you all!
Iwi
Thursday, 11 February 2010
Tuesday, 2 February 2010
Simple consolidation 3/02/10 and 10/02/10
Today we are going to look at consolidated accounts - AS you know from last week - We are required to produce signle entity accounts where one company controls another (against legal form principle but in line with reporting requirements - single entity concept)
I will take you through the 5 steps of consolidation that you will need to be able to do for your exam and explain the terminology and rationale for the steps.
Lecture notes are here:
http://www.scribd.com/full/26296753?access_key=key-23evrwe0u9l7b0d967qb
We will do x2 short activities involving creating a group SOFP based on 100% control and less than 100% control as I am told some of you want to go and watch an important Leeds United match today!
See you in class
I will take you through the 5 steps of consolidation that you will need to be able to do for your exam and explain the terminology and rationale for the steps.
Lecture notes are here:
http://www.scribd.com/full/26296753?access_key=key-23evrwe0u9l7b0d967qb
We will do x2 short activities involving creating a group SOFP based on 100% control and less than 100% control as I am told some of you want to go and watch an important Leeds United match today!
See you in class
Wednesday, 20 January 2010
Class - 20th January 2010 - Intro to Consolidated accounts
Hi all
Today we are going to be doing a cash flow statement question where you have to reconcile operating cash flows - I have come across a question where you have to analyse changes to operating cash flows by looking at the reconcilation of operating cash flows, so we will be doing that next week as a discursive question.
I am going to do a very gentle start of consolidated accounts today - we are going to do some easy stuff - just go over what it means and what some of the accounting treatments are in accordance with IAS 27 and IFR 3. The focus will be on calculating goodwill and what this means.
Lecture notes are here:
http://www.scribd.com/doc/25465335
If we have time - we will do a short quiz on calculating goodwill - bring your thinking caps!
See you tonight!
Iwi
Today we are going to be doing a cash flow statement question where you have to reconcile operating cash flows - I have come across a question where you have to analyse changes to operating cash flows by looking at the reconcilation of operating cash flows, so we will be doing that next week as a discursive question.
I am going to do a very gentle start of consolidated accounts today - we are going to do some easy stuff - just go over what it means and what some of the accounting treatments are in accordance with IAS 27 and IFR 3. The focus will be on calculating goodwill and what this means.
Lecture notes are here:
http://www.scribd.com/doc/25465335
If we have time - we will do a short quiz on calculating goodwill - bring your thinking caps!
See you tonight!
Iwi
Wednesday, 13 January 2010
12th January 2010 - Cashflow Statement
We are doing Cash flow today - I havent been able to save the lecture slides onto a memory stick for some reason - so will use some lecture notes I have used for Leeds business school.
We will wirk through an example together today and then do one out of the book
What you need to remember is that the CF is not prepared in accordance with the accruals concept and is on a CASH basis- the format follows IAS 7 and shows stakeholders where cash has come from during the year from different parts of the business.
https://netstorage.leedsmet.ac.uk/oneNet/NetStorage/DriveP%40PERSONAL/Lecturing%20materials/Semester%201/Managing%20Financial%20Resources/Lectures/lecture%204.ppt#3
See you in class!
We will wirk through an example together today and then do one out of the book
What you need to remember is that the CF is not prepared in accordance with the accruals concept and is on a CASH basis- the format follows IAS 7 and shows stakeholders where cash has come from during the year from different parts of the business.
https://netstorage.leedsmet.ac.uk/oneNet/NetStorage/DriveP%40PERSONAL/Lecturing%20materials/Semester%201/Managing%20Financial%20Resources/Lectures/lecture%204.ppt#3
See you in class!
Tuesday, 17 November 2009
Week 7 - Statement of comprehensive income
Tomorrow we are doing the Statement of comprehensive income (replaces Statement of Financial Performance).
I will go over the format - minimum requirements for what should be disclosed on the face of the statement and go over some of the adjustments that will impact on this statement.
we will work through some depreciation calculations and revaluation adjustments that hit equity (revaluation reserve) or the income statement depending on the extent of the revaluation gain compared with the expense incurred on the same asset previously.
Christina will work through a 2008 exam with you - where you will do some journal entries and adjustments as we have done before!
Lecture notes are here!
http://www.scribd.com/doc/22671196
See you tomorrow!
I will go over the format - minimum requirements for what should be disclosed on the face of the statement and go over some of the adjustments that will impact on this statement.
we will work through some depreciation calculations and revaluation adjustments that hit equity (revaluation reserve) or the income statement depending on the extent of the revaluation gain compared with the expense incurred on the same asset previously.
Christina will work through a 2008 exam with you - where you will do some journal entries and adjustments as we have done before!
Lecture notes are here!
http://www.scribd.com/doc/22671196
See you tomorrow!
Tuesday, 10 November 2009
11th November class - Performance & Position ratios
Hi everyone!
Tomorrow we are doing a bit of a mix of activities. We will constantly be revisiting the Statement of Financial position and comprehensive income statement.
First things, first - we will be looking at what we mean by position and doing a few questions on calculating profits for shareholders out of distributable reserves and also EPS.
We will also be looking at ratios - what do they mean, what are they used for and using a Leeds united set of accounts to calculate some ratios and interpret what the ratios mean...
Homework will be the ratio question from the June 2009 exam and Section 3 for Gete!
OK - well see you all tomorrow
http://www.scribd.com/doc/22363769/week-6
Lecture notes are here:
<
Tomorrow we are doing a bit of a mix of activities. We will constantly be revisiting the Statement of Financial position and comprehensive income statement.
First things, first - we will be looking at what we mean by position and doing a few questions on calculating profits for shareholders out of distributable reserves and also EPS.
We will also be looking at ratios - what do they mean, what are they used for and using a Leeds united set of accounts to calculate some ratios and interpret what the ratios mean...
Homework will be the ratio question from the June 2009 exam and Section 3 for Gete!
OK - well see you all tomorrow
http://www.scribd.com/doc/22363769/week-6
Lecture notes are here:
<
Tuesday, 3 November 2009
Statement of Financial Position revisted - 4th Novemeber 2009 class
Welcome back after the half term break - lets hope you are raring to go!
Tomorrow we are going to revist the Statement of Financial Position - this should be fairly familar as you have completed a series of short questions on the balance sheet and SOFP in your packs.
We are going to focus on when and how we recognise property, plant and equipment under IAS 16, consider financial leases under IAS 17 and the definition and treatment of investment property under IAS 40.
We will discuss costs that can be included as part of the capitalisation cost of an asset, what is meant by fair value or recoverable value and how we treat incidental costs which will be treated as revenue costs in the income statement and not capitalised as part of the cost of the asset.
Looking forward to getting your long awaited homework on Statement of Financial position!
Lecture notes - week 5
http://www.scribd.com/full/22081591?access_key=key-29gxacdsww1e1bo36w7l
Tomorrow we are going to revist the Statement of Financial Position - this should be fairly familar as you have completed a series of short questions on the balance sheet and SOFP in your packs.
We are going to focus on when and how we recognise property, plant and equipment under IAS 16, consider financial leases under IAS 17 and the definition and treatment of investment property under IAS 40.
We will discuss costs that can be included as part of the capitalisation cost of an asset, what is meant by fair value or recoverable value and how we treat incidental costs which will be treated as revenue costs in the income statement and not capitalised as part of the cost of the asset.
Looking forward to getting your long awaited homework on Statement of Financial position!
Lecture notes - week 5
http://www.scribd.com/full/22081591?access_key=key-29gxacdsww1e1bo36w7l
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