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It includes the full set of financial statements, foreign currency transaction approaches, and SEC filing deadline reminders for Form 10-K and Form 10-Q. It also provides quick journal-entry templates and rules for stock issuance, subscriptions, dividends, comprehensive income items, EPS (basic and diluted), liquidity and solvency relationships, and treasury stock, stock dividends, retained earnings, and retirement methods.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":20,"@type":76,"position":81},"https://docshare.wps.com/document/exam/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/far-cheat-sheet-financial-statement-and-equityforeign-transaction-formulas/180357/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/far-cheat-sheet-financial-statement-and-equityforeign-transaction-formulas/180357.png","ImageObject",300,407,{"name":92,"@type":93},"wps_ap_test_251126_0180","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-31","2026-09-02",true,{"@type":102,"interactionType":103,"userInteractionCount":52},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What are the main financial statements covered in this cheat sheet?","Question",{"text":112,"@type":113},"It lists the statement of financial position, statement of earnings, statement of comprehensive income, statement of cash flows, and statement of owner’s equity.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"How does the cheat sheet treat foreign currency transactions using direct vs indirect methods?",{"text":117,"@type":113},"It contrasts domestic price of another currency (direct) with foreign price of domestic currency (indirect), then shows how increases/decreases in the foreign currency affect assets and liabilities, along with gain/loss outcomes.",{"name":119,"@type":110,"acceptedAnswer":120},"What are the basic and diluted EPS components shown here?",{"text":121,"@type":113},"Basic EPS uses income available to common shareholders and the weighted average number of common shares outstanding, while diluted EPS adjusts for interest on dilutive securities and uses a converted/share-method approach (options, warrants, and convertible instruments).","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},180357,1788340449,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":52,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":29,"language":139,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":140,"faqs":141,"seo_title":142,"seo_description":67,"update_tm":129,"read_time":143},8796095027276,"https://avatar.qwps.com/avatar/d3BzX2FwX3Rlc3RfMjUxMTI2XzAxODA=","| Full Set of Financial Statements |\n| --- |\n| 1) Statement of Financial Position (Balance Sheet)\u003Cbr>2) Statement of Earnings (Income Statement)\u003Cbr>3) Statement of Comprehensive Income\u003Cbr>4)Statement of Cash Flows\u003Cbr>5)Statement of Owner's Equity |\n\n\n| Individual Foreign Transactions |\n| --- |\n| Direct Method: domestic price of another currency $/€ Indirect Method: foreign price of domestic currency €/$ |\n| Assets Denominated in Foreign Currency Foreign Currency ↑, Asset ↑\u003Cbr>Foreign Currency ↓, Asset ↓\u003Cbr>Liabilities Denominated in Foreign Currency Foreign Currency ↑, Liabilities ↑\u003Cbr>Foreign Currency ↓, Liabilities ↓\u003Cbr>Gain Loss\u003Cbr>Loss Gain |\n\n\n| Form 10-K Filing Deadlines |\n| --- |\n| 60 days for large accelerated filers $700M Market Value |\n| 75 days for accelerated filers $75-$700 MV +$100M Revenue |\n| 90 days for all others Less than 100M Rev |\n| Form 10-Q Filing Deadlines |\n| 40 days for large accelerated filers and accelerated filers\u003Cbr>45 days for all others |\n\n\n| Stock Issuance |  |\n| --- | --- |\n| Stock Issued Above Par |  |\n| DR: Cash | Shares * Purchase Price |\n| CR: Common Stock | Shares*Par Value |\n| CR: APIC-C/S | Plug |\n| Stock Issued At Par |  |\n| DR: Cash | Shares*Par Value |\n| CR: Common Stock | Shares*Par Value |\n| Stock Issued Below Par |  |\n| DR: Cash | Shares * Purchase Price |\n| DR: APIC | Plug |\n| CR: Common Stock | Shares*Par Value |\n\n\n| Stock Subscriptions |\n| --- |\n| Record Subscriptions Receivable\u003Cbr>DR: Subscription Receivable Shares * Purchase Price\u003Cbr>CR: Common Stock Subscribed Shares*Par Value\u003Cbr>CR: APIC-C/S Plug |\n| Collection of Subscriptions | All payments are included DR: Cash\u003Cbr>CR: Subscription Receivable |\n| Issuance of Subscriptions | Only includes fully paid\u003Cbr>DR: Common Stock Subscribed At Par\u003Cbr>CR: Common Stock Issued At Par |\n\n\n| Dividend Terms |\n| --- |\n| Date of Declaration-BOD formally approves a dividend DR: Retained Earnings\u003Cbr>CR: Dividend Payable |\n| Date of Record-specifies the time names are determined Date of Payment-when it is dispersed by the corp |\n\n\n| Liquidity and Solvency |  |\n| --- | --- |\n| Liquidity =\u003Cbr>Solvency = | Current Assets |\n|  | Current Liabilities\u003Cbr>Debt |\n|  | Equity |\n\n| Items in Comprehensive Income |\n| --- |\n| P-Pension Adjustment\u003Cbr>U-Unrealized G/Ls on AFS\u003Cbr>F-Foreign Currency Items\u003Cbr>I -Instrument Specific Credit Risk |\n| Net Income\u003Cbr> + Other Comprehensive Income Comprehensive Income |\n\n\n| Items in Comprehensive Income |\n| --- |\n| Authorized-amt that may be issued Issued-stock that's been issued Outstanding = Issued-Treasury |\n\n\n| Book Value Per Common Share |\n| --- |\n| Common Shareholders Equity |\n| Common Shares Outstanding |\n| Common Shareholder Equity\u003Cbr>Assets-Liabilities-Pref Equity-Dividendsin arrears |\n| Common Shares Outstanding\u003Cbr>Shares issued-Shares Repurchased |\n\n\n| Retained Earnings |\n| --- |\n| Net Income/Loss\u003Cbr>(Dividends Declared)\u003Cbr>± Prior Period Adjustments  ± Accounting Changes Retrospective Retained Earnings |\n\n\n| Stock Subscription Default |\n| --- |\n| 1) issue stock in proportion to amt paid\u003Cbr>2) refund the partial payment\u003Cbr>3) retain the partial payments with APIC |\n\n\n| Retirement of Treasury Stock |\n| --- |\n| Retirement of Treasury (Cost Method)\u003Cbr>DR: Common Stock Shares * Par\u003Cbr>DR: APIC-C/S OG Price-Per*Share\u003Cbr>DR: Retained Earning Plug\u003Cbr>CR: Treasury Stock Repurchase P* Shares |\n| Retirement of Treasury (Par Method)\u003Cbr>DR: Common Stock\u003Cbr>CR: Treasury Stock Shares * Par Value |\n\n\n| Stock Dividends |\n| --- |\n| Small Stock Dividends (\u003C20-25%)\u003Cbr>Retained Earnings ↓ by FMV\u003Cbr>Large Stock Dividends (>20-25%)\u003Cbr>Retained Earnings ↓ by Par Value |\n\n\n| Basic Earnings Per Share (EPS) |\n| --- |\n| Basic EPS =\u003Cbr>Income Available to Common Shareholders\u003Cbr>Weighted Average Number of Common Shares Outstanding |\n| Income Available to Common Shareholders = Net Income-Preferred Dividends |\n| Preferred Dividends: Cumulative Noncumulative\u003Cbr>\\# of Pref Shares * Par Value * Rate Declared |\n| Stock dividends and Splits are","cbCaimP34rUBftXM","https://ap.wps.com/l/cbCaimP34rUBftXM","pdf",267197,"English","# Financial statement set\n## Foreign currency transactions\n## SEC filing deadlines\n## Stock issuance and subscriptions\n## Dividends and comprehensive income\n## Liquidity and solvency\n## EPS (basic and diluted)\n## Retained earnings, treasury stock, and retirement\n## Stock dividends","[{\"question\":\"What are the main financial statements covered in this cheat sheet?\",\"answer\":\"It lists the statement of financial position, statement of earnings, statement of comprehensive income, statement of cash flows, and statement of owner’s equity.\"},{\"question\":\"How does the cheat sheet treat foreign currency transactions using direct vs indirect methods?\",\"answer\":\"It contrasts domestic price of another currency (direct) with foreign price of domestic currency (indirect), then shows how increases/decreases in the foreign currency affect assets and liabilities, along with gain/loss outcomes.\"},{\"question\":\"What are the basic and diluted EPS components shown here?\",\"answer\":\"Basic EPS uses income available to common shareholders and the weighted average number of common shares outstanding, while diluted EPS adjusts for interest on dilutive securities and uses a converted/share-method approach (options, warrants, and convertible instruments).\"}]","FAR Cheat Sheet - Financial Statement and Equity/Foreign Transaction Formulas | PDF",15]