MGAC01H3 Lecture Notes - Cash Flow Statement, Deferral, Accounts Payable
3 Aug 2014
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Learning goals: understand the usefulness of the statement of financial position and its intermediate components, understand the usefulness of the cash flow statement and its intermediate components, be able to use ratio analysis effectively. Learning goal 1: understand the usefulness of the statement of financial position and its intermediate components: usefulness & limitations of the statement of financial position (formerly known as the balance sheet) Limits : classifications in the statement of financial position, current assets, current liabilities, long-term assets. Current assets: cash, short term investments, receivables, inventories, prepaid expenses. 3. advances from customers: income taxes payable, current portion of long-term debt. Indication of flexibility in meeting financial demands of. C. additional information that relates to statement of financial position presentations: Learning goal 2: understand the usefulness of the cash flow statement and its intermediate components. Cash flow statement: purpose, classification of cash flows.
