POA FINAL

• INCOME STATEMENT

  Sales - COGS = Gross profit - Operating xp - Financing xp = PBT - tax = PAT / Profit for the year / net profit
• Sales - return inwards
• COGS

  Opening inventory

  Purchases

  Carriage inwards

  -Return inwards

  -Closing inventory
• Gross profit

  Interest, discount, dividend received

  Total revenue
• Operating xp

  Wages and salaries

  Admin

  Bad debt

  Lease

  Distribution cost

  Insurance

  Travel & entertainment

  Professional fees

  Electricity

  Profit on sale on NCA

  Depreciation

  Decrease in PFDD

  Loss on disposal
• Financing xp

  Other income, advertising income

  Advertising expense, carriage outwards, discount allowed

  Debenture interest/ interest expense

  Preference dividend

  Provision for injured employee

  Loss on patent

  Dividend paid on preference shares

  Other non-core expense
• SOFP

  NCA + CA = NCL + CL + E
• NCA

  Property, furniture, motor vehicle

  Land : cost, after revaluation

  Building/ equipment : cost

  depreciation

  Goodwill/ patent, freehold premises, fixtures and fittings, investment
• CA

  Closing inventory

  TR

  -PFDD

  Cash at bank

  Prepayments

  Accrued income
• NCL

  % debenture loan

  % preference share capital

  Bank loan

  Lease liabilities (>1 year)
• CL

  Bank overdraft

  TP/ creditors

  Provision injured employees

  Preference share dividend payable

  Interest, tax payable

  Accruals

  Prepaid income, advertising income

  Audit fee

  Lease liabilities (<1 year)
• Equity

  Share capital/ equity SC

  Share premium

  Revaluation reserve

  Asset valuation account

  Retained profits
• STATEMENT OF CHANGES IN EQUITY

  Opening balance + issue of shares + PAT + dividend paid + revaluation assets = closing balance

  Share capital, share premium, revaluation reserve, retained profit, total
• CASH FLOW STATEMENT

  CF from operating activities, investing, financing
• Cash flow from investing activities

  Proceeds from sale of NCA

  -Purchase land

  -Payment to acquire NCA

  Interest, dividend received

  Purchase of investment (-), investment income (+)
• Cash flow from financing activities

  Issue of shares

  Issue of debentures or long term loan (+)

  Receipt from long term loan

  -Dividend paid, repayment of long term loan or debenture