Assignment First

澳洲伊迪斯科文大学代写:财务报表

此外,金融信息是否有利于投资者和贷款人,取决于多少相关的财务信息是多少,它代表,它声称代表的财务报表的用户(坦率地说,1979)。基本上,忠实的代表性和关联性是金融信息的两个最基本的定性特征。实体的财务报表为财务报表的使用者提供有关财务报表:
一个实体的财务状况,即实体的总资产及其总负债。
在一个实体的总资产和其总负债的变化。一个实体的报道总是谨慎对下列成分的变化:
(一)实体的收入和费用,由实体在损益表中报告,并在其他综合收入报表中。
(二)实体权益变动报表中的实体权益变动;
(三)实体的现金流量,实体在其现金流量表中报告的实体;
(四)实体在其财务报表附注中所报告的实体的总资产和总负债中的必要变动。这样一个必要的变化,在总资产和负债的实体的说明将购买机械的实体对考虑,比现金。
通过其财务报表,一个实体描述交易的财务结果,这是由它的开展,以及其他事件一样,只要付诸广泛的群体,这也被称为财务报表要素(Cooper和欧文,2007)。基本上,一个实体的财务报表的要素是财务报表的关键组成部分。为财务报表使用者决策的一块信息清晰明了的目的,一个实体必须确保它归类,代表和呈现信息的财务报表,显然和简洁。不仅财务报表指导其相关的利益相关者有一个公司的财务状况的想法,但提出了一个想法,该公司如何在未来可以改善。

澳洲伊迪斯科文大学代写:财务报表

Moreover, whether the financial information is beneficial for the investors and lenders or not, depends on how much relevant the financial information is and how much it represents, which it claims to represent to the users of the financial statements (Frank, 1979). Basically, faithful representation and relevance are the two most basic qualitative features of the financial information. Financial statements of an entity provide the users of the financial statements information regarding:
• An entity’s financial position, that is, the entity’s total assets and its total liabilities.
• The changes in an entity’s total assets and its total liabilities. An entity always reports discretely on the changes in the following components:
(i) Income and expenses of the entity, which are reported by the entity in the statement of profit or loss and in the statement of other comprehensive income as well.
(ii) Changes in the equity of the entity, which is reported by the entity in its statement of changes in equity;
(iii) Cash flows of the entity, which are reported by the entity in its statement of cash flows;
(iv)The necessary changes, in the total assets and the total liabilities of the entity, which are reported by the entity in its notes to the financial statements. An illustration of such a necessary change in the total assets and the liabilities of the entity would be purchase of machinery by the entity against consideration, other than in cash.
Through its financial statements, an entity depicts the financial outcome of the transactions, which are carried out by it, and also of the other events as well, simply by putting them into extensive groups, which are also known as the elements of financial statements (Cooper and Owen ,2007). Basically, the elements of the financial statements of an entity are the key components of the financial statements. For the purpose of making a piece of information clear and explicable for the users of the financial statements, an entity must ensure that it categorizes, typifies and presents the information in its financial statement, evidently and succinctly. Not only financial statements guide its relevant stakeholders to have an idea of the company’s financial position but give an idea of how the company can improve in the future.