Study Guide

Objective

The student can
• prepare the financial statements and take account of any flexibility in the preparation of the
financial statements
• resolve specific VAT issues
• prepare a cash flow statement

Content

• financial statements
• flexibility items in the financial statements; depreciation, provisions, and reserves, value
adjustments
• inventory valuation and income recognition principles
• practical VAT situations
• cash flow statement

Content scheduling

- flexibility in financial statements; depreciation difference, provisions, revaluation
- current assets, inventories
- VAT in practise
- Cash flow statement

Evaluation scale

H-5