Accounting and Tax for Company Secretaries (M5/S2 CoSec Cert.)
Part 3Proposed 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;
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;
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?
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18/09/2018 14:00 (Europe/Luxembourg)