Download - Chapter 14 Taufan Dan Agnes
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ACCOUNTING AND FINANCIAL STATEMENTS
Taufan Anggi Brata &Agnesia Kharisma
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THE NATURE OF ACCOUNTING
ACCOUNTING IS THE RECORDING MEASUREMENT, AND INTERPRETATION OF FINANCIAL INFORMATION.
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TYPE OF ACCOUNTANT
PUBLIC ACCOUNTANTS PRIVATE ACCOUNTANTS
An Individual who has been state to provide accounting services ranging from the preparation of financial records and the filing of tax returns to complex audits of corporate financial records.
Accountants employed by large corporation, goverment agencies, and other organizations to prepare and analyze their financial statements.
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THE USE OF ACCOUNTING INFORMATION Internal uses• Managers in
Planning• Directing the
organizations activities
• Manage the cash flow, organization budget.
External uses Filing income taxes Obtaining credit from
lenders reporting results to
the firms stockholders.
Preparing the annual reports
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THE ACCOUNTING CYCLE
Step one: examine Source DocumentsStep two: Records TransactionsStep Three: Post TransactionsStep Four: Prepare Financial Statements.
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FINANCIAL STATEMENTS
Balance Sheet Income statements Stakeholders equity Cash flow
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RATIO ANALYZE
Profitability ratios measures how much operating income or net income an organization is able to generate relative to its assets, owners equity, and sales. (masukin rumus)
Profit margin
Return on asset Return on Equity
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RATIO ANALYZE
Assets Utilization Ratios measures how well firm uses its assets to generate each penny sales utilization ratios to pinpoint areas of inefficiency in their operations.
Receivables Turnover
Inventory receivables
Total Assets Turnover
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RATIO ANALYZE
Liquidity Ratios compare current (short term) assets to current liabillities to indicate the speed with which a company can turn its assets into cash to meet debts as they fall due.
Current ratio Quick ratios
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RATIO ANALYZE
Debt utilization ratios provide information about how much debt an organization is using relative to other sources of capital, such as owners equity
Debt to total assets
Time Interest earned ratio
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