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!

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:

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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