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AccountingTermsDictionary |
| U.S. GAAP Codification | Accounting Topics |
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Accounting Terms Dictionary |
| Principles of Accounting, U.S. GAAP Financial Reporting Guide |
| Accounting by Topic, Accounting Terms Dictionary |
| Accounting Terms Dictionary |
| Elements of Financial Statements |
| Elements of Financial Statements 1. Statement of financial position, Balance sheet --> Assets --> Liabilities --> Shareholders' equity 2. Statement of comprehensive income, Income statement --> Revenue --> Expenses [U.S. GAAP] Net income = revenue - expenses Comprehensive income = net income + other comprehensive income [IFRS] Profit or loss = revenue - expenses Comprehensive income = profit or loss + other comprehensive income 3. Statement of cash flows --> Cash flows from operating activities --> Cash flows from investing activities --> Cash flows from financing activities 4. Statement of changes in equity, Statement of shareholder equity --> Beginning balances of the components of shareholders' equity --> Changes in the components of shareholders' equity --> Ending balances of the components of shareholders' equity |
| Index of Accounting Terms Dictionary |
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