Financial Accounting, Reporting & Analysis
F3 Income Statement, Profitability and Tax
The first statement, taught in the order it is built. Revenue down to earnings per share, including tax.
F4 Balance Sheet and Capital Employed
The second statement. What is owned, owed and left, and the capital base returns are measured against.
- 01
Return on Capital Employed: Computing the Return on the Base
Calculate
- 01
F5 Cash Flow and Liquidity
The third statement, and the reconciliation between the other two.
- 01
Operating Cash Flow: Computing Cash From Running the Business
Calculate
- 01
F6 Revenue, Receivables and Working Capital
The first cross-statement item. Revenue recognition and the cash cycle it creates.
F7 Inventory, Cost Accounting and Margins
The cost side of the same cycle, and the margin ladder it produces.
F8 Fixed Assets, Leases and Intangibles
The long-lived asset base: what is capitalised, how it is written down, and what leases changed.
- 01
Depreciation Methods: Straight Line, Reducing Balance and Units of Production
Calculate
- 01
F9 Debt, Equity and Financial Instruments
The funding side of the balance sheet, and where the classification becomes a judgement.
- 01
Net Debt and Leverage: What the Ratios Measure and When They Mislead
Calculate
- 01
F12 Financial Ratios and Performance Diagnostics
The first diagnostic family. Ratios read across the statements rather than down one.