Financial Statements and Other Reporting Topics

Podcasts

• Financial statement controls

• Presenting the financial statements

Financial Statement General Topics

• Accounting reports

• Audited financial statements

• Common size financial statement

• Comparative financial statements

• Condensed financial statements

• Consolidated financial statements

• External financial reporting (2)

• Financial reporting

• Financial statement preparation

• Financial statements

• Financial statements of nonprofits

• General purpose financial statements

• Group financial statements

• How the balance sheet and income statement are connected

• Limitations of financial statements

• Pro forma financial statements

• Special-purpose financial statement

• The elements of financial statements

• The four basic financial statements

• The purpose of financial statements

• The qualitative characteristics of financial statements

• The relationship between financial statements

• Types of financial statements

• Users of financial statements

• Which financial statement is the most important?

Income Statement

• Classified income statement

• Common size income statement

• Comparative income statement

• Condensed income statement

• Contribution margin income statement

• Functional accounting

• Functional expense classification

• How sales commissions are reported in the income statement

• How to prepare an income statement

• Income statement accounts

• Income statement template

• Natural expense classification

• Profit and loss statement

• Reporting expenses by function

• The cash basis income statement

• The contribution approach

• The difference between net income and net cash flow

• The difference between revenues and earnings

• The income statement (2)

• The multi-step income statement

• The partial income statement

• The purpose of the income statement

• The single-step income statement

• The traditional income statement

• The variable costing income statement

• Types of income statements

• Where are sales commissions reported on the income statement?

Balance Sheet

• Account form

• Balance sheet date

• Balance sheet template

• Classified balance sheet

• Common size balance sheet

• Comparative balance sheet

• Condensed balance sheet

• Consolidated balance sheet

• Does an expense appear on the balance sheet?

• Horizontal balance sheet

• How dividends affect the balance sheet

• Should there be negative cash on the balance sheet?

• The balance sheet

• The contents of a cash basis balance sheet

• The difference between a trial balance and balance sheet

• The difference between the balance sheet and the income statement

• The impact of expenses on the balance sheet

• The order of liquidity

• The purpose of the balance sheet

• The statement of financial position

• The vertical balance sheet

• Types of balance sheet formats

• Unclassified balance sheet

• When do intangible assets appear on the balance sheet?

• Where accruals appear on the balance sheet

• Where current assets are located on the balance sheet

Retained Earnings

• Statement of changes in equity

• Statement of owner's equity

• Statement of retained earnings

• Statement of shareholders' equity

Statement of Cash Flows

• Cash flow statement - direct method

• Cash flow statement - indirect method

• Cash flow statement template

• Cash flow from financing activities

• Cash flows from financing activities

• Cash flows from investing activities

• Cash flows from operating activities

• Statement of cash flows overview

• The difference between cash flow and funds flow

• The difference between the direct and indirect cash flow statements

• The purpose of the statement of cash flows

Other Comprehensive Income

• Accumulated other comprehensive income

• Other comprehensive income (2)

• Statement of comprehensive income

Earnings per Share

• Average shares outstanding

• Basic earnings per share formula

• Diluted earnings per share formula

• Dilutive securities

• How to calculate outstanding shares

• If-converted method

• Reverse treasury stock method

• Treasury stock method

Line Items in the Financial Statements

• Cash and cash equivalents

• Discontinued operations

• Earnings before taxes

• Examples of operating expenses

• Extraordinary items

• General and administrative expense

• Net credit sales

• Net operating profit after tax

• Non-operating income

• Operating earnings

• Operating profit

• Operating profit margin

• Selling, general and administrative expense

• What are operating activities?

Financial Statement Disclosures

• Adequate disclosure

• Financial highlights

• Financial statement footnotes

• Post balance sheet events

• Related party transactions and disclosures

• Segment reporting

• Subsequent events

• Summary of significant accounting policies

• Supplementary information

Alternative Types of Reporting

• Flash report

• Interim financial statements

• Interim reporting

• Internal reporting

• Liquidation basis of accounting

• Performance report

• Quarterly earnings report

• Supplementary statement

• The cost of goods sold statement

Reporting Periods

• Accounting period

• Interim period

• Reporting period

• The natural business year

Financial Statement Errors

• Financial statement error correction

• Prior period error

• Restatement

Miscellaneous Financial Statement and Other Reporting Topics

• Aggressive accounting

• Comparability

• Consolidation accounting

• Constant dollar accounting

• Cost constraint

• Current value accounting

• Financial statement compilation

• Foreign currency translation

• Headline earnings

• Inflation accounting

• Internal users of accounting information

• Iron curtain method

• Negative stockholders' equity

• Pro forma earnings

• Quality of earnings

• Research and development accounting

• Responsibility accounting

• Retrospective application

• The difference between gross and net income

• Unaudited statement

• Window dressing in accounting

Related Definitions

• Accounting profit

• Antidilutive

• Cash flow

• Consolidated group

• Off balance sheet

• Pro forma

• Relevant information

• Responsibility center