Periodic yield and Primary financial statements: Difference between pages

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imported>Doug Williamson
(Remove duplication.)
 
imported>Doug Williamson
(Make 'primary' explicit.)
 
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A rate of return - or cost of borrowing - expressed as the proportion by which the amount at the end of the period exceeds the amount at the start.  
''Financial reporting.''


==Example 1==
Under International Accounting Standards (IAS) 'primary' financial statements are the main accounting statements that must be presented.  
GBP 1 million is borrowed.  


GBP 1.03 million is repayable at the end of the period.
These are:


* Statement of financial position.
* Income statement (which can be included in the statement of comprehensive income).
* Statement of comprehensive income.
* Statement of changes in equity.
* Statement of cash flows.


The periodic yield (r) is:


(End amount / start amount) - 1
The primary statements are supported by Notes providing additional and more detailed financial information.
 
= (1.03 / 1) - 1
 
= 0.03
 
= 3%
 
 
==Example 2==
GBP  0.97 million is borrowed.
 
GBP 1.00 million is repayable at the end of the period.
 
 
The periodic yield (r) is:
 
(End amount / start amount) - 1
 
= (1.00 / 0.97) - 1
 
= 0.030928
 
= 3.0928%




==See also==
==See also==
* [[Income statement]]
* [[International Accounting Standards]]
* [[Notes]]
* [[Statement of cash flows]]
* [[Statement of changes in equity]]
* [[Statement of comprehensive income]]
* [[Statement of financial position]]
* [[Statement of profit or loss and other comprehensive income]]


*[[Annual effective rate]]
[[Category:Accounting,_tax_and_regulation]]
*[[Discount rate]]
[[Category:Compliance_and_audit]]
*[[Periodic discount rate]]
*[[Yield]]

Revision as of 12:08, 21 May 2017

Financial reporting.

Under International Accounting Standards (IAS) 'primary' financial statements are the main accounting statements that must be presented.

These are:

  • Statement of financial position.
  • Income statement (which can be included in the statement of comprehensive income).
  • Statement of comprehensive income.
  • Statement of changes in equity.
  • Statement of cash flows.


The primary statements are supported by Notes providing additional and more detailed financial information.


See also