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accounting:index

Financial Accounting BLOG

Various articles related to financial accounts and bookkeeping.

Statement of Financial Position

Shown below is an example financial position (balance sheet) statement as per IAS 11) requirements.

  • Any values are fictional and are only shown for layout/familiarity purposes or for aiding calculation clarity.
  • Line items enclosed in [square brackets] are placeholders to show where they would be reported if any of these items apply.

Statement of Financial Position as at 30th June 20×3 for hArpanet Ltd

£'000
Assets
Non-Current Assets
Property, Plant & Equipment X
Total non-current assets X
Current Assets
Inventories X
Trade & Other Receivables X
Cash & Cash Equivalents X
Total current assets X
Total Assets X

Equity & Liabilities
Equity
Share Capital X
Share Premium X
[Revaluation Reserve] X
Retained Earnings X
Total Equity X
Non-Current Liabilities
Bank Loan X
Total non-current liabilities X
Current Liabilities
Trade & Other Payables X
Tax Payable X
Total current liabilities X
Total Liabilities X
Total Equity & Liabilities X
1) International Accounting Standards #1

Statement of Comprehensive Income

Shown below is an example income statement laid out as a 'single statement' as per IAS 11) requirements for 2013.

  • Any values are fictional and are only shown for layout/familiarity purposes or for aiding calculation clarity.
  • Line items enclosed in [square brackets] are placeholders to show where they would be reported if any of these items apply.

Statement of Comprehensive Income for hArpanet Ltd for the year ended 30th June 20×3

Continuing Operations £'000
Revenue X
Cost of Sales X
Gross Profit X
Distribution Costs X
Administration Expenses X
[Loss on Impairment of Assets] X
Profit from Operations X
[Material (exceptional) Items] X
Finance Costs X
Profit/loss before Tax X
Tax X
Profit/loss for the period from continuing operations X
[Extraordinary items] X
[Discontinued operations]
[Profit/loss for the period from discontinued operations ] X
Profit/loss for the period X
[Other Comprehensive Income for the period:]
[possible OCI items ] X
[Total comprehensive income for the period] X
1) International Accounting Standards #1
accounting/index.txt · Last modified: 05/11/2013 14:52 by harpanet