Finance and value at Karlsruher Institut für Technologie

Flashcards and summaries for Finance and value at the Karlsruher Institut für Technologie

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Study with flashcards and summaries for the course Finance and value at the Karlsruher Institut für Technologie

Exemplary flashcards for Finance and value at the Karlsruher Institut für Technologie on StudySmarter:

Guiding principle of financial accounting

Exemplary flashcards for Finance and value at the Karlsruher Institut für Technologie on StudySmarter:

Double role of financial information

Exemplary flashcards for Finance and value at the Karlsruher Institut für Technologie on StudySmarter:

Role of accrual accounting

Exemplary flashcards for Finance and value at the Karlsruher Institut für Technologie on StudySmarter:

Accounts of working capital requirement

Exemplary flashcards for Finance and value at the Karlsruher Institut für Technologie on StudySmarter:

Most common accounts

Exemplary flashcards for Finance and value at the Karlsruher Institut für Technologie on StudySmarter:

Accounting equation

Exemplary flashcards for Finance and value at the Karlsruher Institut für Technologie on StudySmarter:

Worksheet approach

Exemplary flashcards for Finance and value at the Karlsruher Institut für Technologie on StudySmarter:

Positive cash movement prior to accounting recognition

Exemplary flashcards for Finance and value at the Karlsruher Institut für Technologie on StudySmarter:

Positive cash Movement after accounting recognition

Exemplary flashcards for Finance and value at the Karlsruher Institut für Technologie on StudySmarter:

Negative cash movement prior to accounting 

Exemplary flashcards for Finance and value at the Karlsruher Institut für Technologie on StudySmarter:

Negative cash movement after accounting recognition

Exemplary flashcards for Finance and value at the Karlsruher Institut für Technologie on StudySmarter:

Journal

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Exemplary flashcards for Finance and value at the Karlsruher Institut für Technologie on StudySmarter:

Finance and value

Guiding principle of financial accounting

Provide useful financial information to outside decision makers

Finance and value

Double role of financial information

  • Stewardship role - Accountability of management
  • Decision usefulness role - Valuation purposes

Finance and value

Role of accrual accounting

Incoming/Outgoing transactions booked independent of time of cash flow

Finance and value

Accounts of working capital requirement

WCR = Operating assets - operating liabilities
= Accounts receivable + Inventories + Prepaid expenses - Accounts payable - Accrued expenses

Finance and value

Most common accounts

  • Current assets
    • Cash
    • Inventory
    • Account receivable
    • Prepaid expenses
  • Noncurrent assets
    • PPE
    • Intangible assets
  • Liabilities
    • Accounts payable
    • Deferred revenue

Finance and value

Accounting equation

Assets = Liabilities + Owner‘s equity

Assets = Liabilities + Contributed capital + Beginning retained earnings + Revenue - Expenses - Dividends

Finance and value

Worksheet approach

Every transaction affects at least two accounts to keep the balance (double entry accounting)

Finance and value

Positive cash movement prior to accounting recognition

Deferred revenue ➔ Liability

Finance and value

Positive cash Movement after accounting recognition

Accrued revenue ➔ Asset

Finance and value

Negative cash movement prior to accounting 

Deferred (Prepaid) expense ➔ Asset

Finance and value

Negative cash movement after accounting recognition

Accrued expense ➔ Libaility

Finance and value

Journal

Record transactions by date

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Best EdTech Startup in Europe

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EUROPEAN YOUTH AWARD IN SMART LEARNING

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BEST EDTECH STARTUP IN GERMANY

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