Financial Analysis
Financial Analysis
Financial Analysis
Kartei Details
| Karten | 288 |
|---|---|
| Sprache | English |
| Kategorie | Finanzen |
| Stufe | Universität |
| Erstellt / Aktualisiert | 06.01.2017 / 10.03.2017 |
| Lizenzierung | Keine Angabe |
| Weblink |
https://card2brain.ch/box/20170106_financial_analysis
|
| Einbinden |
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Financial Analysis Framework
Context of the analysis --> Collected data --> Process data --> Analyze / Interpret --> Communicate Conclusion --> Follow up
Role of Financial Reporting
provide information about the companies performance, financial position and changes in financial position over the reported period
Primary Financial Statements (3)
- Income statement
- Balance sheet
- Cash flow statement
Secondary Financial Statements
- Statement of shareholder's equity
- financial notes and supplementary schedules
- management's discussion and analysis
- auditor's report
Standard-Setting Bodies + Reporting Standards (for region)
- USA: Financial Accounting Standards Board (FASB) --> United States Generally Accepted Accounting Principles U.S. GAAP
- EU: International Accounting Standards Board (IASB) --> International Financial Reporting Standards (IFRS)
IFRS Framework - Underlying assumptions
- Accrual Basis --> reflects business transactions when they actually occur not necesserarily when cash movements occur
- Going Concern --> refers to the assumption that the company will business for the foreseeable future
IFRS - Qualitative Characteristics
- Understandibility
- Relevance
- Reliability
- Comparability
Understandibility
info should be understandable to users with basic knowledge of business, economic activities, accounting, and who have the willingness to study the info with reasonable diligence
