（英文版）财务报表税和现金流量课件.ppt

《（英文版）财务报表税和现金流量课件.ppt》由会员上传分享，免费在线阅读，更多相关内容在教育资源-天天文库。

1、Chapter2FinancialStatements,Taxes,andCashFlowChapterOutlineTheBalanceSheetTheIncomeStatementTaxesCashFlow2-2Suggestedreadings：第二章财务报表，税和现金流量，Foundamentalsofcorporatefinance(9e),stephenA.ross,Chinamachinepress,2010.2.1BalanceSheetThebalancesheetisasnapshotofthefirm’sassetsandlia

2、bilitiesatagivenpointintimeAssetsarelistedinorderofdecreasingliquidityEaseofconversiontocash（变现的难易程度）Withoutsignificantlossofvalue（变现的前提是没有大规模的价值损失）BalanceSheetIdentityAssets≡Liabilities+Stockholders’Equity2-4美国联合公司资产负债表U.S.COMPOSITECORPORATIONBalanceSheet2010and2009($inmil

3、lion)2010200920102009Currentassets流动资产：流动负债currentliabilities:cashandequivalents现金及等价物140107应付账款accountspayable213197accountsreceivable应收账款294270应付票据notespayable5053inventories存货269280应计费用accruedexpenses223205other其他58totalcurrentliabilites流动负债合计486455totalcurrentassets流动资产合计76

4、1707长期负债long-termliabilitiesFixedassets固定资产：递延税款deferredtaxes117104property,plant,andequipment财产、厂房及设备14231274长期债务long-termdebt471458lessaccumulateddepreciation减：累计折旧(550)(460)长期负债合计totallong-termliabilities588562netproperty,plant,andequipment财产、厂房及设备净值873814intangibalassetsand

5、others无形资产及其他资产245221所有者权益stockholder’sequitytotalfixedassets固定资产合计11181035优先股preferredstock3939普通股(面值为$1)commonstock($1parvalue5532股本溢价capitalsurplus347327累积留存收益accumulatedretainedearnings390347减：库藏股票lesstreasurystock(26)(20)所有者权益合计totalequity805725Totalassets资产总计18791742负债与所有

6、者权益总计totalliabilitiesandstockholder’sequity18791742资产负债表资产负债表是公司在特定时点所拥有资产和所承担负债情况的一张快照（强调静态）资产按流动性进行排列是否容易转化为现金转化时是否发生重大价值损失资产负债表衡等式资产≡负债+股东权益2-6TheBalanceSheet2-7NetWorkingCapitalandLiquidityNetWorkingCapital=CurrentAssets–CurrentLiabilitiesPositivewhenthecashthatwillbereceiv

7、edoverthenext12monthsexceedsthecashthatwillbepaidoutUsuallypositiveinahealthyfirmLiquidityAbilitytoconverttocashquicklywithoutasignificantlossinvalueLiquidfirmsarelesslikelytoexperiencefinancialdistressButliquidassetstypicallyearnalowerreturnTrade-offtofindbalancebetweenliquida

8、ndilliquidassets2-8净营运资本与流动性净营运资本（NetWorkingCapital）定义