Formulas Flashcards
Assets =
Liabilities + Equity
Net Income/(Loss) =
Revenues - Expenses + Gain - Lossess
COGS =
Beg FG Inv
+ Purchases or COGM
= Goods Available for Sale
- End FG Inv
COGM 1 =
Beg WIP
+ Sum of Manufacturing Costs
- End WIP
COGM 2=
End FG Inv
+ COGS
- BEG FG Inv
BEPS=
Inc Avail to Comm SHS/Weighted-Avg Number of SHS Outstanding
Income Available to Comm SHS
Net Income (Or Op Income) - Dividends on Pstock for Current Period, (Cumm Pstock or Declared Non-Cumm)
DEPS =
(BEPS Numerator + Effect of Dilutive PCS)/(BEPS Denominator + Effect of Dilutive PCS)
Incremental Effect - Pstock =
(Pstock Dividend % x Pstcok Par Val)/PCS
Incremental Effect - Bonds
(Bonds Face Amount x Interest Rate) x (1-TR)/PCS
Tstock Methods (Options & Warrants) - Assumed Proceeds
SHS x Exercise Price
Tstock Methods (Options & Warrants) - Repurchased Shares
Proceeds/Avg Market Prices
TStock Increase in BEPS Denominator
SHS Exercised - Repurchased Shares
Effective Interest Rate Method - Interest Inc/Exp
Carrying Amount x Effective Interest Rate
Premium Amortization
Interest Paid - Interest Expense
Discount Amortization
Interest Paid - Interest Expense
Equity Method Carrying Amount of Investment
Initial Investment
+ Share of Earnings
- Share of Dividends Received
- Share of Dep Expense (Net Assets in Excess of Carrying Amount)
YE A/R Balance
Beg Bal \+ Credit Sales - Collections - Amounts Written-off - Sales Returns
YE Allow for Doubtful Accounts
Beg Bal
+ Bad Debt Expense
- Write-offs
Discounting Notes - Total Int Rec Note
Face Amount x Stated Rate x Note Term
Discounting Note - Maturity Amount
Face Amount + Total Int Rec
Discounting Notes - Accrued Int Rec
Face Amount x State Rate x Time Elapsed
Discounting Notes - Bank Discount
Maturity Amount x Bank Discount Rate x Time Remain
Discounting Notes - Cash Proceeds
Maturity Amount - Bank Discount
Discounting Notes - Carrying Amount
Face amount + Accrued Interest Rec
Discounting Notes - Gain/Loss
Proceeds - Carrying Amount
Net Total Interest
(Sum of Payments - NPV of N/R
Weighted Avg Method (Periodic)
(Cost of Beg Inv + Cost of Purch During Period)/(Unit Beg Inv + Unit Purch During Period)
Price Index
End Inv at CY Cost/End Inv at Base Year Cost
Depreiciable Base
Historical Cost - Salvage Value - Impairment
Straight-Line Periodic expense
Depreciable Base/Estimated Life
Declining Balance Periodic Expense
Carrying Amount x Declining Balance %
Sum of Years Digits Periodic Expense
Depreciable Base x (Remaining Years/Sum of All years)
Usage Periodic expense
Depreciable Basex (units current period/total est units
Depletion - Per Unit Depletion Rate
Depletion Base/Total Estimated Recoverable Units
Depletion - Periodic Depletion
Units Extracted x Unit Depletion Rate
Boot Potential Gain
FV of other asset received
+Boot Received
- Carrying Amount of Asset Given Up
Portion of Assets represented by Boot
Boot Recevied/(FV of other asset received + Boot Received)
Boot Gain Recognized
Total Potential Gain x Portion of Asset rep by boot
DTA/DTL
(Tax Basis - Carrying Amount) x Tax Rate
Pension Expense Formula - Periodic Expense
Service Costs \+ Interest Cost - Expected Return on Assets \+/- Amortization of Net Gain/(Loss) \+/- Amortization of Prior Service Cost/(Credit)
Pension Liability Gain/(Loss)
Beg Pension Benefit Obligation \+ Service Costs \+ Interest Cost \+ Prior Service Cost - Prior Service Credit - Benefits Paid \+/- Gain/(Loss) Liability (Solve For) = End PBO
Pension Actual Return on Plan Assets
Beg FV of Plan Assets \+ Contributions - Benefits Paid \+/- Actual Return on Plan Assets (Solved For) = End FV of Plan Assets
Pension Liability
PBO - FV of Plan Assets
Pension Assets
FV of Plan Assets - PBO
Interim Period Tax Expense
= (Estimated effective tax rate x YTD ordinary income) - tax expense recognized in prior interim periods
