FINE 2000 Chapter Notes - Chapter 3: Cash Flow, Negative Number, Revenue Recognition

• School: York University
• Department: Finance
• Course: FINE 2000
• Professor: Markus Broman

Document Summary

Notes on accounts: cash and cash equivalents: cash, money in bank accounts, short term deposits, trade and other receivables: a/r, prepaid expenses, sales of g&s that haven"t been paid, other investments: short term investments like long term bank deposits and equity securities (current). Can also be strategic inv. held for long term, derivatives, long term bank deposits, bonds of other companies and foreign currency options (non current: derivatives financial instruments: used to manage the company"s foreign currency risk, income tax receivable: income tax overpaid in the past, ppe: 2 methods of measurement (1) cost = original cost depreciation impairment to date, (2) revaluation = revalue assets at fair value depreciation impairment to date. Accum dep) next year: trade and other payables: a/p, provision: estimated liability for a probable cost that will arise due to a past transaction (mgmt. bonus, lawsuit, environmental obligations, share capital: capital received from investors for shares.