Overstate the profit in the Income Statement as the Revenue (which has been recognised) will not result in any future benefit.
Developing Skills for Business Leadership (Finance) SESSION 2 © Fergal Meaney 2019This Evening’s Session Summary of Previous Session Class Exercise Profit & Loss/Balance Sheet Adjustments Operating Cash Cycle (OCC) © Fergal Meaney 2019P&L, B/Sheet Adjustments Additional P&L and Balance Sheet Adjustments: (1) Accruals (2) Prepayments (3) Fixed Assets/Depreciation (4) Stock/Write-Downs (5) Debtors/Bad Debt Provision (6) […]
