Part 3

Accounting and Tax for Company Secretaries (M5/S2 CoSec Cert.)

Part 3

Proposed by

The balance sheet: the statement of financial position

  • A structured representation of the entity’s financial position;

  • Assets, liabilities & equity: concepts, conventions & paradoxes;

  • The influence of the financial framework on the balance sheet;

  • The balance sheet as a representation of the past: what to expect in terms of predictive value?

  • Individual balance sheet vs. consolidated balance sheet: the book value(s) of the entity;

  • Accounting for value: the paradoxes & limitations of accounting;

  • Illustrative examples.

The profit & loss account: the statement of performance

  • A structured representation of the entity’s performance;

  • Income & expenses, gains & losses, cash items & non-cash items: concepts, conventions & paradoxes;

  • The influence of the financial framework on the profit & loss account;

  • The profit & loss account as a representation of the past performance: predictive value?

  • Profitability & cash generation: the relationship between profit & cash;

  • Illustrative examples.

The cash-flow statement: generation & use of cash

  • A structured representation of the entity’s cash inflows & outflows;

  • The operating, financing & investing cycles;

  • The value relevance of the cash flow statement;

  • Does loss-making imply liquidity issues?

  • Illustrative examples.

About The Author

Practical Info

Date
18/09/2018 14:00 (Europe/Luxembourg)
Duration
2 hours
Location