Professional Documents
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FINANCIAL STATEMENTS
TOPIC The Financial Statements
- Balance Sheet
- Profit and Loss Account
Accounting Categories
The Balance Equation
Liquidity Criterion
UNIT 1: FINANCIAL
STATEMENTS
Financial statements
Documents that we find in financial statement
Purpose of financial statements
Accouting categories
Balance sheet in a horizontal two-sided format
The accounting equation
Profit and loss account in a vertical format
Cost of production: analytical framework (or list)
UNIT 2: FROM THEORY TO Notes to the financial statements
PRACTICE
Prepare financial statements in according to the
scheme of the Civil Code of a company, considering
the accounts at 31/12/n.
Name the two sides of the statement and show each
category and sub-category separately in order of
decreasing liquidity.