EAE Outreach

Who would be considered an internal user of accounting information?

• Investors

• Creditors

• Managers

• Government agencies

Who would be considered an external user of accounting information?

• Investors

• Employees

• Managers

• Government agencies

Complete the accounting equation: Assets = Liabilities + ?

• Shareholder's Equity

• Expenses

• Revenue

• Cash Flow

Gekko Pte. Ltd. had the following financial information at the end of the year:

Total Liabilities: $65,000

Owner's Equity at the beginning of the year: $40,000

The company earned a Net Profit during the current year: $20,000

What should be the total Assets of Gekko Pte. Ltd. be at the end of the year?

• $105,000

• $85,000

• $125,000

• $100,000

Syfe Pte. Ltd. had the following financial information at the end of the year:

Total Assets: $100,000

Share Capital: $30,000

Retained Earnings at the beginning of the year: $10,000

The company earned a Net Profit during the current year: $20,000

What should be the total liabilities of Syfe Pte. Ltd. be at the end of the year?

• $160,000

• $140,000

• $60,000

• $40,000

Which financial statement shows the income of a company's performance?

• Statement of Financial Position (SFP)

• Cash Flow Statement

• Statement of Changes in Equity

• Statement of Profit and Loss (SPL)

What does the Cash Flow Statement represent?

• Net income of the company

• Cash inflows and outflows

• Changes in equity

• Assets and liabilities

The Statement of Changes in Equity shows changes in the owner's equity over time due to:

• Investments and withdrawals

• Revenue only

• Liabilities and assets

• Profit and dividends