会计学-企业决策的基础-14版-ppt02

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1、BASICFINANCIALSTATEMENTSChapter2LearningObjectiveLO1Toexplainthenatureandgeneralpurposeoffinancialstatements.IncomeStatementBalanceSheetStatementofCashFlowsIntroductiontoFinancialStatementsThreeprimaryfinancialstatements.Wewilluseacorporationtodescribethesestatements.IntroductiontoF

2、inancialStatementsDescribeswheretheenterprisestandsataspecificdate.IncomeStatementBalanceSheetStatementofCashFlowsIntroductiontoFinancialStatementsDepictstherevenueandexpensesforadesignatedperiodoftime.IncomeStatementBalanceSheetStatementofCashFlowsIntroductiontoFinancialStatementsR

3、evenuesresultinpositivecashflow.Expensesresultinnegativecashflow.Eitherinthepast,present,orfuture.IntroductiontoFinancialStatementsNetincome(ornetloss)issimplythedifferencebetweenrevenuesandexpenses.IncomeStatementBalanceSheetStatementofCashFlowsIntroductiontoFinancialStatementsDepi

4、ctsthewayscashhaschangedduringadesignatedperiodoftime.IncomeStatementBalanceSheetStatementofCashFlowsAStartingPoint:StatementofFinancialPositionLearningObjectiveLO2Toexplaincertainaccountingprinciplesthatareimportantforanunderstandingoffinancialstatementsandhowprofessionaljudgmentby

5、accountantsmayaffecttheapplicationofthoseprinciples.TheConceptoftheBusinessEntityVagabondTravelAgencyAbusinessentityisseparatefromthepersonalaffairsofitsowner.AssetsAssetsareeconomicresourcesthatareownedbythebusinessandareexpectedtobenefitfutureoperations.AssetsCostPrincipleGoing-Co

6、ncernAssumptionObjectivityPrincipleStable-DollarAssumptionTheseaccountingprinciplessupportcostasthebasisforassetvaluation.LiabilitiesLiabilitiesaredebtsthatrepresentnegativefuturecashflowsfortheenterprise.Owners’EquityOwners’equityrepresentstheowners’claimsontheassetsofthebusiness.O

7、wners’EquityChangesinOwners’EquityOwners’InvestmentsBusinessEarningsPaymentstoOwnersBusinessLossesLearningObjectiveLO3Todemonstratehowcertainbusinesstransactionsaffecttheelementsoftheaccountingequation:Assets=Liabilities+Owners’Equity.TheAccountingEquationAssets=Liabilities+Owners’E

8、quity$300,000=$80,0