Beruflich Dokumente
Kultur Dokumente
• Sole-tradership
• Partnership
• Limited Liability Company
Limited Liability Company
• Legal existence
• Agency relationship
Private vs. Public
• Balance sheet
• Asset
• Liability
• Equity
• Income
• Expense
Objectives of f/s
• Directors
• Employees
• Shareholders
• Trade contracts
• Finance providers
• Tax authority
• Financial analysts
• Government agency
• Public
Qualitative characteristics
• Relevance
• Understandability
• Reliability
• Comparability
Recognition criteria
• Historical cost
• Current cost
• Realizable value
• Present value
• Fair value
Comparative
• Balance sheet
• Income statement
• SCE
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