Professional Documents
Culture Documents
Financial Highlights
Review of the year
Chairmans Review
Chief Executives review
Operations Review
Financial Review
Other reviews
Directors Information
Corporate Governance
Information
2
Directors Report
Statement of Directors
Responsibilities
Auditors Report
Financial Statements
Accounting Policies
Information re subsidiary companies
(where relevant)
Investors Information
Notice of AGM
3
Reading:
Business Accounting 2
(11thEd)Chs:4,12,13,14
Frank Wood & Alan Sangster
Classes of shares
Ordinary
Preference
Enforcement
in Ireland
www.cro.ie
Office of director of corporate
enforcement (ODCE) www.odce.ie
6
6
(IFRS)
Local Accounting standards (being phased out)
7
7
8
8
in FS
Role of Standards
When to recognise and de-recognise items in
Financial Statements
How to present a particular transaction
How to value and measure items
What to disclose about the issue/ item
9
9
Assets
benefit
benefit must arise from some past transaction
or event
must be capable of measurement in monetary
terms
Current
Non-current
10
Liabilities
Legal obligation to transfer assets or
provide services to another entity which
has arisen from past transactions or
events
Current / Long term (Non-current)
Revenue
Amounts of money earned by the
organisation from its operations (i.e.
the supply of goods or services) in a
particular period.
Expenses
Costs of goods and services incurred
in earning revenue.
12
Income Statement
Shows the performance of the organisation
by matching the revenue earned with the
expenses incurred in the period
Balance Sheet
Shows the organisation's resources and the
source of those resources by listing the
assets, liabilities and capital at a particular
date
13
Assets
= Capital + Liabilities
Resources:
What they are
them
Who supplied
14
Ordinary shares
Preference
Participating
Irredeemable
Redeemable (like loans)
All
15
15
cash
Might be an allocation out of profits
Examples:
Share Premium
Revaluation Reserve
Retained Earnings
Capital Reserve
Plant replacement reserve
Presentation in FS
Shown in SOCE only
Accruals (amounts as yet unpaid) in Balance