scholarly journals Financial Statements: An Interactive Learning Approach

2011 ◽  
Vol 3 (12) ◽  
Author(s):  
Herbert E. Kierulff
Keyword(s):  
Cash Flow ◽  
Balance Sheet ◽  
Financial Statements ◽  
Business Administration ◽  
Small Business Administration ◽  
Learning Approach ◽  
Income Statement ◽  
Interactive Exercise ◽  
Interactive Session ◽  
Materials Used

The often tedious but essential task of understanding financial statements and the inter-relationships among them can be enlivened by an interactive exercise with an unexpected and dramatic flair.  I have used this approach for over ten years in both undergraduate and graduate finance and entrepreneurship classes, with entrepreneurs in Small Business Administration workshops, and with attendees at profit improvement planning workshops.  The exercise begins with a four-quarter proforma income statement that shows a profitable, growing firm.  Participants then create, with the instructor’s guidance, the company’s balance sheet that shows it unable to pay its bills by the end of the year.  Then the participants discover for themselves how this seemingly contradictory situation can occur by developing, again with the instructor’s guidance, a proforma cash flow.  This paper demonstrates how the approach works and provides the materials used in the interactive session.

Effectiveness of Book Closing Using Web Based Accounting Online System 2.0 to Know the Company's Financial Ratios

2017 ◽  
Vol 1 (1) ◽  
pp. 56-60
Author(s):  
Euis Sitinur Aisyah ◽  
Maimunah Maimunah ◽  
Aris Martono
Keyword(s):  
Cash Flow ◽  
Balance Sheet ◽  
Financial Statements ◽  
Relevant Information ◽  
Financial Ratios ◽  
Web Based ◽  
Online System ◽  
Income Statement ◽  
Long Time ◽  
A Company

Financial ratios are very important in a company, because it is the most effective way to find out financial data on a company by comparing the current financial statements of the company with the previous one. To facilitate this comparison, book closure can be done. Closing the book itself is useful to determine the company's financial position before closing, by looking at the final results of the profit and loss. It is known that the process of closing the book takes a long time with extra precision. However, this has become easier by using WBAOS (Web Based Accounting Online System) 2.0, because companies are more flexible in preparing financial statements, starting from the lane balance sheet, income statement, to the periodic cash flow, where this cash flow provides relevant information regarding cash in and out of the company.   Keywords: ​WBAOS, Financial Ratios and Book Closure.

scholarly journals Standar Akuntasi Keuangan Entitas Tanpa Akuntabilitas Publik (SAK ETAP)

2018 ◽  
Vol 2 (2) ◽  
pp. 399 ◽  
Author(s):  
Budiandru Budiandru ◽  
Shabrina Saufani Isfa
Keyword(s):  
Qualitative Analysis ◽  
Cash Flow ◽  
Balance Sheet ◽  
Financial Statements ◽  
Income Statement ◽  
Cash Flow Statement ◽  
Descriptive Qualitative

This study aims to analyze the application of SAK ETAP on the presentation of financial statements CV SK. CV SK is a medium-sized businesses engaged in catering services and Wedding Organizer. The method used in this research is descriptive qualitative analysis. The results of the study based on Balance Sheet and Income Statement for 2012-2016, show that the company has not presented cash flow statement, and notes to financial statements (CALK) and inconsistency in the presentation of some post on Balance Sheet not disclosed in CALK. This research suggests that companies develop other components of financial statements and disclose the company's accounting policies in CALK.

Minority Interest in the Consolidated Retained Earnings Statement

2001 ◽  
Vol 15 (2) ◽  
pp. 119-146 ◽  
Author(s):  
Hugo Nurnberg
Keyword(s):  
Cash Flow ◽  
Balance Sheet ◽  
Financial Statements ◽  
Cash Flows ◽  
Parent Company ◽  
Consolidated Financial Statements ◽  
Entity Theory ◽  
Income Statement ◽  
Cash Flow Statement ◽  
Retained Earnings

Consolidated financial statements purport to report income, financial position, and cash flows of a parent company and its subsidiaries as if the group were a single company with one or more branches or divisions. Under the parent company theory, the consolidated entity perspective assumed in the consolidated income statement, the consolidated balance sheet, and the consolidated retained earnings statement differs from the consolidated entity perspective assumed in the consolidated cash flow statement. Even under extant expositions of the entity theory, the consolidated entity perspective assumed in the consolidated income statement, the consolidated balance sheet, and the consolidated cash flow statement differs from the consolidated entity perspective assumed in the consolidated retained earnings statement. This paper develops a consistent consolidated entity perspective for all four consolidated financial statements. It demonstrates that under the entity theory, consolidated retained earnings includes the separate equities of both the parent company stockholders and the minority interest. As such, both elements of retained earnings should be reported in the consolidated retained earnings statement to make it comparable to the consolidated retained earnings statement of companies without subsidiaries or with only wholly owned subsidiaries. The effect on certain financial ratios of public companies may be substantial. The paper also demonstrates that for purchased subsidiaries, minority interest in consolidated retained earnings includes unamortized write-ups of identifiable net assets and goodwill arising from purchase-type business combinations.

scholarly journals Operationalizing Accounting Reporting in System Dynamics Models

Systems ◽  
2020 ◽  
Vol 8 (1) ◽  
pp. 9
Author(s):  
Kawika Pierson
Keyword(s):  
System Dynamics ◽  
Cash Flow ◽  
Balance Sheet ◽  
Financial Statements ◽  
Detailed Model ◽  
Income Statement ◽  
Reporting Process ◽  
Accounting Model ◽  
Accounting Reports ◽  
Dynamics Models

System dynamics implementations of financial statements are currently limited by the lack of a simple to use, yet sufficiently detailed model that operationally replicates the accounting reporting process for the income statement, balance sheet, cash flow statement, and statement of changes in owners’ equity. While system dynamics accounting structures exist, they are inconsistently applied in the literature. In this paper, we offer a comprehensive accounting model in the hope that academics and practitioners will use its structures to better represent accounting reports in their projects.

scholarly journals Penerapan SAK ETAP Dalam Penyusunan dan Penyajian Laporan Keuangan

2018 ◽  
Vol 6 (3) ◽  
pp. 217-226
Author(s):  
Rian Fauzi ◽  
Udi Pramiudi ◽  
Moermahadi Soerja Djanegara
Keyword(s):  
Cash Flow ◽  
Applied Research ◽  
Balance Sheet ◽  
Financial Statements ◽  
Research Results ◽  
Knowing How ◽  
Income Statement ◽  
Qualitative Descriptive ◽  
Retained Earnings ◽  
Descriptive Method

This research was conducted at the Toko Besi Sumber Baja Mandiri which is located at Jalan Raya Pangkalan 2 Kedung Halang, Bogor City. The purpose of this study was to find out how the process of preparing and presenting financial statements at the Toko Besi Sumber Baja Mandiri and knowing how the implementation of SAK ETAP regarding the preparation and presentation of financial statements at the Toko Besi Sumber Baja Mandiri if applied. This study uses a qualitative descriptive method in which the authors describe how the process of preparing and presenting financial statements at Toko Besi Sumber Baja Mandiri and how the implementation of SAK ETAP about the preparation and presentation of financial statements at the Toko Besi Sumber Baja Mandiri if applied. Research results show that the process of preparing and presenting financial statements at Toko Besi Sumber Baja Mandiri is very simple and the preparation and presentation of financial statements based on SAK ETAP at the Sumber Baja Mandiri iron shop if applied includes recording transactions into general journals, posting to general ledgers and presenting financial statements which consists of income statement and retained earnings, balance sheet, and cash flow statement.   Keywords: financial statements, SAK ETAP

3. The fundamentals of financial accounting

2014 ◽  
Author(s):  
Christopher Nobes
Keyword(s):  
Cash Flow ◽  
Balance Sheet ◽  
Financial Statements ◽  
Cash Flows ◽  
Recording System ◽  
Financial Accounting ◽  
Income Statement ◽  
Basic Ideas ◽  
Double Entry ◽  
The Way

‘The fundamentals of financial accounting’ explores the basic ideas of financial accounting: the way accounting actually works, the logic behind the double-entry recording system, and the contents of the basic financial statements (balance sheet, income statement, and cash flow statement). The following questions are addressed: What does a balance sheet try to show? Why does it balance? How is it that any one transaction has two accounting effects? Which costs lead to assets and which lead to expenses? How do cash flows fit in? How can a profitable company go bust because of a lack of cash?

scholarly journals Rancangan Sistem Siklus Akuntansi Pada Bank Sampah

2019 ◽  
Vol 3 (1) ◽  
pp. 39-55
Author(s):  
Anis Indah Kurnia ◽  
Dadang Romansyah
Keyword(s):  
Cash Flow ◽  
Qualitative Data ◽  
Balance Sheet ◽  
Financial Statements ◽  
Accounting System ◽  
Literature Analysis ◽  
Net Income ◽  
Income Statement ◽  
Preparation Stage ◽  
Data Library

This study aims to formulate a system of accounting cycle on trash bank. This studyused descriptive methods and qualitative data. This study’s subjects consisted of respondents and the data library that collected by interviews, documentation and literature. Analysis was done by analyze the data to understand the process of accounting cycle, preparing the system, the last summed up the results of analysis. The study found a system of financial records and financial statements based on SAK ETAP and some contract in PSAK Sharia. Accounting system has a preparation, recording and classification stage. The preparation stage such as chart of account, price list and customers list. The recording stage such as ledgers: trash inventory, savings cooperatives, list of net income cooperatives, list of savings, list of lending, list of electrical and pulse supplies and special journals: purchase of trash, sales of trash, saving of trash, cash receipts and cash payments. The classification stage such as general ledger, adjusting entries, trial balance. Then the system of financial statements consist of balance sheet, income statement, equity statement, cash flow statement and notes to the financial statements. Finally, for the preparation next period there are after closing journal and trial balance after closing.

scholarly journals IMPROVING TRANSPARENCY AND ACCOUNTABILITY OF MSME FINANCIAL STATEMENTS BY USING ACCRUAL METHOD

2018 ◽  
pp. 171
Author(s):  
Risnaningsih Risnaningsih ◽  
Sjheny Tanuwijaya ◽  
Nur Ida Iriani
Keyword(s):  
Cash Flow ◽  
Small And Medium Enterprises ◽  
Balance Sheet ◽  
Sampling Technique ◽  
Financial Statements ◽  
Snowball Sampling ◽  
Income Statement ◽  
Cash Flow Statement ◽  
Medium Enterprises ◽  
Transparency And Accountability

<p>Many Micro, Small, and Medium Enterprises (MSMEs) are still carrying out a simple accounting record and have not implemented accrual basis method. It is expected that in the future all MSMEs can make more transparency and accountability report by using accrual method so it can assist MSMEs in applying credit to banks or other investors to increase the business capital. This study was conducted in Malang Regency, Batu City, and Malang City. This study used descriptive qualitative method. The data collection techniques were done by interview and documentation with sampling technique using purposive sampling and snowball sampling. The collected data will be analyzed by interactive analysis method including data reduction, data presentation, and data verification or interpretation. The results showed that the owners of SMEs in managing their finances use simple accounting by using accrual method so that the financial statements produced more accurate than if the owners of MSMEs use cash method. The owners of SMEs do not need to make complete financial statements, they may use three types of financial statements, namely: income statement, balance sheet, and cash flow statement. The income statement is used to find out how much the profit or loss of the MSMEs, the balance sheet is used to find out the assets, liabilities, equity, and cash flow statement is used to find out the changes occurring during the period of operating, investing, and financing activities. These three types of financial statements have already been used by MSME owners as one of the requirements to obtain credit from banks or other investors.</p>

scholarly journals Penyusunan Laporan Keuangan Pada Sumurboto Stationery Semarang Tahun 2016 Berdasarkan Sak Etap

2018 ◽  
Vol 1 (1) ◽  
Author(s):  
Lasa Laksita ◽  
Adilistiono Adilistiono
Keyword(s):  
Cash Flow ◽  
Balance Sheet ◽  
Accounting Standards ◽  
Financial Statements ◽  
Financial Accounting ◽  
Financial Statement ◽  
Public Accountability ◽  
Final Project ◽  
Income Statement ◽  
Cash Flow Statement

<p>Financial statement preparation is very important because it can <br />describe the finance of an entity and as a basis for decision making. The <br />purpose of this Final Project is to prepare the company's financial statements <br />consisting of Balance Sheet, Income Statement, Statement of Changes in <br />Equity and Cash Flow Statement based on Financial Accounting Standards of <br />Entities Without Public Accountability (SAK ETAP), with the result that assist <br />Sumurboto Stationery in preparing financial statements. Interview and <br />documentation are used in data collection method. On the other hand, this <br />Final Project used description and exposition method for the writing method. <br />The result of this Final Project is to gain the knowledge in how have <br />Sumurboto Stationery done their financial statement preparation in 2016 <br />based on Financial Accounting Standards of Entities Without Public <br />Accountability (SAK ETAP) that consisting of Income Statement, Statement of <br />Changes in Equity, Balance Sheet and Cash Flow Statement. Hopefully, <br />Sumurboto Stationery can be able to prepare their financial statement for the <br />next period in accordance with Financial Accounting Standards of Entities <br />Without Public Accountability (SAK ETAP)</p>

scholarly journals ANALISIS PENERAPAN SAK ETAP PADA KOPERASI DI KABUPATEN MINAHASA

2020 ◽  
pp. 25-29
Author(s):  
Sendi Sendow ◽  
James Manengkey ◽  
Anita Kambey
Keyword(s):  
Data Analysis ◽  
Cash Flow ◽  
Qualitative Method ◽  
Balance Sheet ◽  
Financial Statements ◽  
Financial Reports ◽  
Research Results ◽  
Data Analysis Technique ◽  
Income Statement ◽  
Analysis Technique

ABSTRAK Penelitian ini bertujuan untuk mengetahui penerapan SAK ETAP dalam penyusunan laporan keuangan di Kabupaten Minahasa.Teknik analisis data dalam penelitian ini adalah dengan metode deskripif kualitatif dan hanya menguraikan  hasil dari wawancara yang dilakukan saat di lapangan. Berdasarkan hasil penelitian menunjukkan bahwa  pencatatan (jurnal) atas berbagai transaksi yang dilakukan pada koperasi di Minahasa sesuai dengan SAK ETAP. Koperasi Karya Citra Abadi, Koperasi Setia Karya dan Koperasi Jivent Matuari menggunakan jurnal memorial untuk peringkasan dan neraca percobaan untuk pengikhtisaran sehingga sudah sesuai dengan SAK ETAP. Penyajian laporan keuangan dalam dua jenis yaitu neraca dan laporan laba rugi yang paling umum digunakan sedangkan menurut SAK ETAP ada lima jenis yaitu neraca, laporan laba rugi, laporan perubahan ekuitas, laporan arus kas, dan catatan atas laporan keuangan. ABSTRACT   This study aims to determine the application of SAK ETAP in the preparation of financial reports in Minahasa Regency. The data analysis technique in this research is descriptive qualitative method and only describes the results of interviews conducted in the field. Based on the research results, it shows that the recording (journal) of various transactions carried out in cooperatives in Minahasa is in accordance with the SAK ETAP. Koperasi Karya Citra Abadi, Koperasi Setia Karya and Koperasi Jivent Matuari using a memorial journal for summary and trial balance for summarizing so that it is in accordance with SAK ETAP. The presentation of financial statements is in two types, namely balance sheet and income statement which are the most commonly used while according to SAK ETAP there are five types, namely balance sheet, income statement, statement of changes in equity, cash flow statement, and notes on financial statements.

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