-    Revenue is the benefit obtained by an industrial asset delivery of activity from the organization and susceptible to monetary quantification. -      The statement of changes in equity includes for each component of equity, a reconciliation between the carrying amount at the beginning and the end of the period. -    The balance sheet reports on company’s financial position at a point in time, assets, liabilities and equity are the elements of the balance sheet. -    A statement of profit or loss as at the end of the period. -    The income statement reports on a company’s performance over a period of time (between two balance sheet dates), presenting the income, expenses and the difference between them. -    Liabilities are present obligation of entity to transfer an economic resource as a result of past events. -      Assets are present economic resources controlled by the entity ...

    The total of NWR (net working capital) = WCR + NLB (net liabilities) Where WCR = (AR (account receivable) + INV (inventories) – (AP (account payable) + NA( net accrual )   NLB = C (CASH)- STB (SHORT TERM LOANS)           

  Users Types of needs, need accounting information Investors / shareholders        المستثمرين / حاملى الاسهم -          Assess how effectively the managers running the business -          تقييم مدى فعالية المديرين الذين يديرون الأعمال -          Assess the ability to pay dividends -          تقييم القدرة على دفع الأرباح -          Make decisions to buy, hold or sell ownership               company -          اتخاذ قرارات شراء أو تملك أو بيع شركة ملكية Lenders المقرضين -          Evaluate the risks of granting credit or ...