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Assignment no: 01

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K-W-L CHART
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(FINANCIAL ACCOUNTS)
BBA -SEMESTER 1
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Submitted by: Rabeeka siddiqui
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SID: (12971)

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Submitted to: Prof. Munawar hameed

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 WHAT I KNOW WHAT I WANT TO WHAT I LEARNED
KNOW

1. Financial 1. Is there any 1. Every country

statements are method difference should report
reviewed by an between the US adopting the
auditor before and Pakistan based principles of IFRS.
publishing. companies? 2. The choices of
2. Is there any chance accounting
of employing the methods used by
same regulator in the company are
your firm as other aggressive and
company? conservative that
affects their
earnings.

K-W-L Chart
Topic a: roles of setters, regulators, & auditors in financial reporting.
 K-W-L Chart
Topic b: Balance sheet

WHAT I KNOW WHAT I WANT TO WHAT I LEARNED

KNOW

1. The company 1. What if the book 1. The values of many

maintain their keeper of the firm of a company’s
records in 3 types of mistakenly notes assets are reported
books as under: the wrong at historical cost.
I. Balance sheet. transaction?
II. Income
statement.
I. Cash flow
statement.
2. The balancing of the
balance sheet is
mandatory.
3. The balance sheet
values are
designated as book
values.
 K-W-L Chart
WHAT I KNOW WHAT I WANT TO WHAT I LEARNED
KNOW
1. Income 1. What’s in it for 1. Income
statement can the company if statement can
also be called by the reduce the also be referred
statement of payment for to as statement
profit and loss. their of operations.
2. It identifies the customer/client? 2. EBITDA stands
profit and loss 2. for (earnings
generated by the before interest,
company all over taxes
the year. deprivation, and
amortization)
3. EBITDA is useful
than EBIT.

Topic d: Income statement

 K-W-L Chart
WHAT I KNOW WHAT I WANT TO WHAT I LEARNED
KNOW
1. The statement of 1. Why cash flow 1. The statement of
cash flows, or the statement cash flow identifies
cash flow doesn’t need to the sources and
statement, is a uses of cash during
financial statement
be balanced? a period.
that summarizes 2. The cash inflows
the amount of cash and outflows of a
and cash company can be
equivalents classified and
entering and reported as cash
leaving a company. flows from
2. The cash flow operating, investing
statement and financing
complements the activities.
balance sheet and
income statement

Topic f: cash flow statement

 K-W-L Chart
WHAT I KNOW WHAT I WANT TO WHAT I LEARNED
KNOW
1. More about cash 1. Operating
flow statement. activities: it reflects
the cash generated
from a company’s
operations.
2. Investing activities:
it’s typically cash
outflows related to
purchases of long-
term assets as
equipment and
buildings.
3. Financing
activities: they are
cash inflows
resulting from
raising new capital
and cash outflows
for payment of
dividends.
Topic g: cash flow classifications of operating, financing and investing.
 K-W-L Chart
Topic h: links between income statement, balance sheet, and cash
flow.

WHAT I KNOW WHAT I WANT TO WHAT I LEARNED

KNOW
1. The balance sheet 1. Who review the 1. They all carry
reflects financial statements after different motives
conditions at a being cooked? but, they carry
certain point in similarities too.
time, whereas the 2. The income
income & cash flow statement is linked
statement to the balance
highlights what sheet through net
happened between income and
two points in times. retained earnings.
2. The three 3. The cash flow
statements show statement is linked
different kinds of to the balance
information and sheet through
have different assets, retained
purposes, but earnings and net
somehow they all income.
are connected to
each other.
 K-W-L Chart
WHAT I KNOW WHAT I WANT TO WHAT I LEARNED
KNOW
1. More about the 1. The use of ratios
ratio analysis. allows analysts to
standardize
financial
information and
provides a context
for making
meaningful
comparisons.

Topic i: usefulness of ratio analysis for financial statements.

 K-W-L Chart
WHAT I KNOW WHAT I WANT TO WHAT I LEARNED
KNOW
1. Further 1. Liquidity ratios
information about measure a
the whole financial company’s ability
statement analysis. to meet its short-
term obligations.
2. Financing ratios
measures how
much debt the
company has
relative to equity.
3. Shareholder ratios
indicates how
much return, as
measured by the
net income is
available to
monetary unit
equity.

Topic j: ratio use to analyse a company’s liquidity,-shareholder value.