财务会计概念与应用英文版Lecture 课件.ppt

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1、Chapter2FinancialStatements:AnOverviewAlbrecht,Stice,Stice,Swain1COPYRIGHT©2008ThomsonSouth-Western,apartofTheThomsonCorporation.Thomson,theStarlogo,andSouth-Westernaretrademarksusedhereinunderlicense.PrimaryFinancialStatementsTheBalanceSheet(StatementofFinancialPosition)In

2、comeStatement(StatementofEarnings)StatementofCashFlows2ComponentsofaBalanceSheetAssetsCash,inventory,accountsreceivable,buildingsLiabilitiesAccountspayable,taxespayable,mortgagepayableOwners’EquityPaid-incapital,retainedearnings3AccountingEquationAssets=Liabilities+Owners’E

3、quitySourcesofFinancingCreditors’claimsagainstresources=+Owners’claimsagainstresourcesResourcesResourcestousetogeneraterevenues4AssetsCash$40Accountsreceivable100Land200Totalassets$340LiabilitiesAccountspayable$50Notespayable150$200Owners’EquityPaid-inCapital$100Retainedear

4、nings40$140Totalliabilitiesandowners’equity$340SampleBalanceSheetMustEqual5ClassifiedandComparativeBalanceSheetsClassifiedbalancesheetDistinguishesbetweencurrentandlong-termassetsandliabilities.Listedindecreasingorderofliquidity.ComparativebalancesheetPresentstwoyearsofbala

5、ncesheetinformation.Helpsusersidentifysignificantchanges.6LimitationsoftheBalanceSheetBookvaluevs.marketvalue.Whichisbetter?Onlyrecordsassets/liabilitiesthatcanbequantified.ReputationWal-Mart’snameGreatCEO7TheIncomeStatementRevenuesIncreaseinacompany’sresourcesfromthesaleof

6、goodsorservices.ExpensesCostsincurredinthenormalcourseofbusinesstogeneraterevenues.NetIncomeor(NetLoss)Revenues-Expenses8OtherItemsontheIncomeStatementEarningspershareNetIncome(NetLoss)#ofSharesofStockOutstandingTheamountofearningsrelatedtoeachshareofstock.Gains(losses)Mone

7、ymadeorlostonactivitiesoutsidethenormaloperationofabusiness.9StatementofRetainedEarningsShowsthechangeinretainedearningsovertheperiodoftime.Beginningretainedearnings+Netincome–DividendsEndingretainedearningsThetotalamountinvestedbytheownersthroughtheretentionofprofits10Stat

8、ementofCashFlowsReportscategorizedcashinflowsandoutflowsOperatingActivitiesDay-to-