Securities: Things I don't know

Do intangible assets appear on the statement of financial position?

Yes

Do tangible assets appear on the statement of financial position?

Yes

Do investments appear on the statement of financial position?

Yes

Do inventories appear on the statement of financial position?

Yes

Do trade receivables appear on the statement of financial position?

Yes

Do prepayments appear on the statement of financial position?

Yes

Does cash appear on the statement of financial position?

yes

Do capital reserves appear on the statement of financial position?

yes

Do share capital appear on the statement of financial position?

yes

Do share premium appear on the statement of financial position?

yes

Do revaluation reserve appear on the statement of financial position?

yes

Do retained earnings appear on the statement of financial position?

yes

Do long term borrowing appear on the statement of financial position?

yes

Do long term provisions appear on the statement of financial position?

yes

Do trade payables appear on the statement of financial position?

yes

Do accruals appear on the statement of financial position?

yes

Do short term borrowing appear on the statement of financial position?

yes

What type of asset is goodwill?

intangible non current

What type of asset is trademarks?

intangible non current

What type of asset is patents?

intangible non current

What type of asset is PPE?

tangible non-current

What type of asset is valued at NBV?

tangible non-current

What is a non current asset investment?

Generally shares in other companies intended to be held for greater than one year

What type of asset is inventory?

current asset

What are the 3 components of inventory?

- Raw materials

- Work-in-progress

- Finished good

What type of asset are trade receivables?

Current asset

What 2 things make up trade receivables?

- The amount the company is owed on the statement date

• Trade debtors

• Prepayment

What type of asset is cash?

current asset

What is share capital?

nominal val of total shares in issue

What is share premium?

any excess above the nominal value raised on issue

What are reserves?

the amount belonging to share holders that is retained by the company

What is revaluation reserve?

created when a company revalues its assets from cost to market value

What is retained earnings? (pnl reserve)

running total of retained earnings

What type of liability are trade payables?

current

What type of liability are accruals?

current

What type of liability are bonds issued by the company?

non-current

What type of liability are provisions?

non-current

Which asset is not depreciated on the statement of financial position?

free hold land

Is revenue on the statement of financial position?

no

Is cost of sales on the statement of financial position?

no

Is gross profit on the statement of financial position?

no

Is distribution on the statement of financial position?

no

Is distribution on the income statement?

yes

Is administration on the statement of financial position?

no

Is operating profit on the statement of financial position?

no

Is finance costs/income on the statement of financial position?

no

Is profit before tax on the statement of financial position?

no

Is corporation tax payable on the statement of financial position?

no

Is revenue on the income statement?

yes

Is cost of sales on the income statement?

yes

Is gross profit on the income statement?

yes

Is administration on the income statement?

yes

Is operating profit on the income statement?

yes

Is finance costs/income on the income statement?

yes

Is profit before tax on the income statement?

yes

Is corporation tax payable on the income statement?

yes

Is distribution an operating cost?

yes

Is selling an operating cost?

yes

Is administrative expenses an operating cost?

yes

Is depretiation an operating cost?

no

Is prepayments an operating cost?

no

Is expenditure an operating cost?

no

Is capital expenditure reflected on the statement of financial position?

yes

Is capital expenditure reflected on the income statement?

no

Is revenue expenditure reflected on the statement of financial position?

no

Is revenue expenditure reflected on the income statement?

yes

Are wages a capital expenditure?

no

Are wages a revenue expenditure?

yes

Are wages a cost of sale?

no

Are rent a capital expenditure?

no

Are professional fees a capital expenditure?

no

Are purchase of property a capital expenditure?

yes

Are purchase of land a capital expenditure?

yes

Are purchase of land a revenue expenditure?

no

Are purchase of machinery a revenue expenditure?

no

Are wages a revenue expenditure?

yes

Are rent a revenue expenditure?

yes

Are professional fees a revenue expenditure?

yes

Are operating activities on the statement of financial position?

no

Are investing activities on the statement of financial position?

no

Are equity dividends paid on the statement of financial position?

no

Are interest received on the statement of financial position?

no

Which statement are cash receipts on?

cash flow statement - operating activities

Which statement are cash paid to suppliers and employees on?

cash flow statement - operating activities

Which statement are income taxes paid on?

cash flow statement - operating activities

Which statement are net cash from operating activities on?

cash flow statement - operating activities

Which statement are interest received on?

cash flow statement - investing activities

Which statement are dividends received on?

cash flow statement - investing activities

Which statement are proceeds on disposal of non-current assets on?

cash flow statement - investing activities

Which statement are purchases of non-current assets on?

cash flow statement - investing activities

Which statement are equity dividends paid out on?

cash flow statement - financing activities

Which statement are prepayment of debt on?

cash flow statement - financing activities

Which statement are proceeds on issue of bonds or equities on?

cash flow statement - financing activities

Which statement are bank loans raised on?

cash flow statement - financing activities

Which statement are revenue on?

income statement

Which statement are cost of sales on?

income statement

Which statement are gross profit on?

income statement

Which statement are distribution on?

income statement

Which statement are administration on?

income statement

Which statement are operating profit on?

income statement