Chapter 6 of 13
Concept Maps
Company Final Accounts — Concept Maps
Gujarat Board · Class 12 · Elements of Accounts
4 concept maps of Company Final Accounts for Gujarat Board Class 12 Elements of Accounts, each also written out as a text outline.
6 formulas & key relations5 concepts
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4 Concept Maps
Company Financial Statements — Complete Chapter Overview
The map in words
- Company Final Accounts
- Financial Statements
- Balance Sheet
- Equity and Liabilities
- Assets
- Statement of P and L
- Revenue
- Expenses
- Profit
- Cash Flow Statement
- Notes to Accounts
- Balance Sheet
- Legal Framework
- Companies Act 2013
- Section 129
- Schedule III
- Accounting Standards
- Financial Year
- Ends 31st March
- Section 2 of 41
- Exception for Jan onwards
- Key Characteristics
- Historical
- Monetary
- Based on GAAP
- Personal Judgement
- Objectives
- True and Fair View
- Legal Compliance
- Communication
- Performance Assessment
- Financial Statements
Company Final Accounts - Complete Chapter Overview
The map in words
- Company Final Accounts
- Financial Statements
- Definition Section 2 of 40
- Components
- Balance Sheet
- Profit and Loss
- Cash Flow Statement
- Notes to Accounts
- Financial Year Section 2 of 41
- Ends 31st March
- 12 Months April to March
- Characteristics
- Historical Statements
- Monetary Expression
- Recorded Facts Only
- Based on GAAP
- Personal Judgement
- Balance Sheet Schedule III Part I
- Vertical Format Only
- Equity and Liabilities
- Shareholders Funds
- Non Current Liabilities
- Current Liabilities
- Assets
- Non Current Assets
- Current Assets
- Statement of P and L Schedule III Part II
- Revenue from Operations
- Other Income
- Expenses
- Purchases
- Changes in Inventories
- Employee Benefit Expenses
- Finance Costs
- Depreciation
- Other Expenses
- Profit Before Tax
- Profit After Tax
- Financial Statements
Company Final Accounts — Complete Chapter Overview
The map in words
- Company Final Accounts
- Financial Statements
- Balance Sheet
- As at a date
- Photo snapshot
- Profit and Loss
- For a period
- Movie story
- Cash Flow Statement
- Statement of Changes in Equity
- Notes to Accounts
- Balance Sheet
- Financial Year
- Ends 31st March
- April to March
- Exception after Jan 1st
- Characteristics
- Historical
- Monetary
- Recorded facts only
- Shows Performance
- Shows Position
- Personal Judgement
- Based on GAAP
- Objectives
- True and Fair Performance
- True and Fair Position
- Legal Compliance
- Communication to Users
- Balance Sheet Format
- Equity and Liabilities
- Shareholders Funds
- Non-Current Liabilities
- Current Liabilities
- Assets
- Non-Current Assets
- Current Assets
- Equity and Liabilities
- Profit and Loss Format
- Revenue from Operations
- Other Income
- Total Revenue
- Expenses
- Profit Before Tax
- Tax
- Profit After Tax
- Financial Statements
Company Final Accounts
The map in words
- Company Final Accounts
- Financial Statements
- Balance Sheet
- Statement of Profit and Loss
- Shareholders Funds
- Liabilities
- Assets
- Companies Act 2013
- Financial Year
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Explore DiagramsFrequently Asked Questions
What are the important topics in Company Final Accounts for Gujarat Board Class 12 Elements of Accounts?
Key topics in Company Final Accounts include Meaning and Components of Financial Statements, Financial Year, Characteristics and Objectives of Financial Statements, Balance Sheet — Structure and Classification. Study these first, then practise questions on each for the Gujarat Board Class 12 board exam.
What do the concept maps for Company Final Accounts show?
The 4 maps show how the ideas in Company Final Accounts connect: Company Financial Statements — Complete Chapter Overview; Company Final Accounts - Complete Chapter Overview. Each map is also written out as an outline on this page.
Sources & Official References
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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