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Roadmap

The document outlines the financial statements for ACCT 111-G1, G2, G3 as prepared by Professor Chang, including the Balance Sheet, Statement of Changes in Equity, Statement of Comprehensive Income, and Statement of Cash Flows for the year ended December 31, 2024. Each statement includes various components such as assets, liabilities, equity, income, expenses, and cash flows. The document serves as a roadmap for understanding the financial position and performance of the entity.

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audy.w.2025
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36 views1 page

Roadmap

The document outlines the financial statements for ACCT 111-G1, G2, G3 as prepared by Professor Chang, including the Balance Sheet, Statement of Changes in Equity, Statement of Comprehensive Income, and Statement of Cash Flows for the year ended December 31, 2024. Each statement includes various components such as assets, liabilities, equity, income, expenses, and cash flows. The document serves as a roadmap for understanding the financial position and performance of the entity.

Uploaded by

audy.w.2025
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Roadmap ACCT 111-G1, G2, G3

Prepared by Professor Chang


Week 10
Balance Sheet Chapter 12
As of December 31, 2024 Statement of Changes in Equity
Asset Liability For the year ended December 31, 2024
Current Assets Accounts Payable Week 7 Equity, Beginning of the Year xxx
Week 4
Cash Unearned Revenue Chapter 9 Stock Issuance xxx
Chapter 6, 7 Accounts Receivable Accrued Liability Treasury Stock (xxx)
Less: Loss Allowance Bonds Payable Week 9 Net Income xxx
Week 5
Inventory Chapter 11 Dividend Declared (xxx)
Chapter 8 Prepaid Expense Other Comprehensive Income xxx
Non-current Assets Equity Equity, End of the Year xxx
Week 10
PP&E Share Capital Chapter 12
Week 6
Chapter 10 Less: Accumulated Depr. Retained Earnings
Intangibles AOCI

Statement of Comprehensive Income


For the year ended December 31, 2024
Net Sales xxx i.e., Net Sales = Sales – Sales Allowance, Return, Discount
Cost of Goods Sold (xxx)
Gross Margin xxx
Operating Expenses (xxx) e.g., SG&A, Bad Debt Expense, and Depreciation Expense
Income
Operating Income xxx Statement
Other Income & Gain xxx e.g., Interest Income, Gain on Sale of PP&E
Other Expense & Loss (xxx) e.g., Interest Expense, Loss on Early Retirement of Bonds
Income Tax (xxx)
Net Income xxx
Other Comprehensive Income xxx e.g., PP&E revaluation surplus
Comprehensive Income xxx
Week 11/12
Statement of Cash Flows Chapter 14
For the year ended December 31, 2024
Cash Generated by Operating Activities xxx Note: OCF can be computed using either a direct or an indirect method.
Cash Used in Investing Activities (xxx) OCF, ICF, and FCF can be positive or negative.
Cash Used in Financing Activities (xxx)
Increase or Decrease in Cash xxx
Cash, Beginning of the Year xxx
Cash, End of the Year xxx

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