会计英语unit11FinancialStatements

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1、Unit11FinancialStatementsⅠ.BalanceSheetⅡ.IncomeStatementⅢ.CashFlowStatementFinancialStatementsForabusinessenterprise,alltherelevantfinancialinformation,presentedinastructuredmannerandinaformeasytounderstand,arecalledthefinancialstatements.TheytypicallyincludefourbasicfinancialstatementsBalance

2、sheet:referredtoasstatementoffinancialpositionorcondition,reportsonacompany'sassets,liabilities,andownershipequityataspecifictime.Incomestatement:referredtoasProfitandLossstatement(ora"P&L"),reportsonacompany'sincome,expenses,andprofitsoveraperiodoftime.Statementofretainedearnings:explainsthec

3、hangesinacompany'sretainedearningsoverthereportingperiod.CashflowsStatement:reportsonacompany'scashflowactivities,particularlyitsoperating,investingandfinancingactivities.2Forlargecorporations,thesestatementsareoftencomplexandmayincludeanextensivesetofnotestothefinancialstatementsandmanagement

4、discussionandanalysis.Notestofinancialstatementsareconsideredanintegralpartofthefinancialstatements.Allthefinancialstatementsarebuilttobeusedtogethertopresentacompletepictureofacompany’sfinance.3Purposeoffinancialstatements"Theobjectiveoffinancialstatementsistoprovideinformationaboutthefinanci

5、alposition,performanceandchangesinfinancialpositionofanenterprisethatisusefultoawiderangeofusersinmakingeconomicdecisions."Reportedassets,liabilitiesandequityaredirectlyrelatedtoanorganization'sfinancialposition.Reportedincomeandexpensesaredirectlyrelatedtoanorganization'sfinancialperformance.

6、Financialstatementsshouldbeunderstandable,relevant,reliableandcomparable.4Financialstatementsareintendedtobeunderstandablebyreaderswhohave"areasonableknowledgeofbusinessandeconomicactivitiesandaccountingandwhoarewillingtostudytheinformationdiligently."Financialstatementsmaybeusedbyusersfordiff

7、erentpurposes.Ownersandmanagersrequirefinancialstatementstomakeimportantbusinessdecisionsthataffectitscontinuedoperations.Financialanalysisisperformedonthesestatementstoprovidemanagementwithamoredetailedunderstandingofthefigures.Theyare