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16 Cards in this Set
- Front
- Back
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Formal statement that shows the movements in the elements or components of the shareholders' equity |
Statement of changes in equity |
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Holders of instruments classifies as equity |
Owners |
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Shows the changes affecting directly the retained earnings of an entity |
Statement of retained earnings |
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Net income occurs only after the capital used from the beginning of the period is maintained |
Capital maintenance approach |
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Is the amount an entity can distribute to the owners and be "well-off" at the end of the year as the beginning |
Net income |
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Shareholders invest in entity to earn it. Amount in excess of their original investment. |
Return on capital |
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Is an erosion of the capital invested in the entity |
Return of capital |
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Is the monetary amount of the net assets contributed by shareholders and the amount of the increase in net assets resulting from earnings retained by the entity |
Financial capital |
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Quantitative measure of the physical productive capacity to produce goods and services |
Physical capital |
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Is a group of assets to be disposed of, by sale or otherwise, together as a group in a single transaction, and liabilities directly associated with those assets that will be transferred in the transaction |
Disposal group |
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Is the incremental cost directly attributable to the disposal of an asset or disposal group but excluding finance cost and income tax expense |
Cost of disposal |
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Excess of total assets over total liabilities |
Net assets |
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Excess of total assets over total liabilities |
Net assets |
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Excess of total assets over total liabilities |
Net assets |
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Is equal to net assets of the entity expressed in terms of current cost |
Physical capital |
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Is equal to the FV at the classification date less the CA at that date |
Additional revaluation surplus |
