【文章內(nèi)容簡介】 ported on the financial statements ? Questions (Equation and statement) 1. How well did the pany perform during the period? 2. Why did the pany‘s retained earnings change during the period? 3. What is the pany‘s financial position at the end of the period? 4. How much cash did the pany generate and spend during the period? H ow w ell did t he c om pan y perf orm during t he peri od? R ev en ues Ex pens es N et in c om e (l os s ) I nc om e s t at em en t (St a t em en t of operat i ons or St a t em ent of earning s ) W h y di d t he c om pan y ‘s re tain ed earning s c han ge during t he peri od? Beginning R . E . + N et inc om e ( l os s ) D iv idend s Ending R . E . St a t em ent of r et ai ned earning s ( St a t em en t of s toc k hol der s ‘ equit y ) W h a t i s t h e c om pan y ‘s finan c ial pos i t ion at t he end of t he period ? As s et s = Liabili t ie s + Ow ner s ‘ Equi t y Balanc e s hee t (St a t em en t of f inanc ial po s it i on) H ow m uc h c a s h did t he c om pa ny genera t e a nd s pe nd during t he peri od? Operat ing c a s h f low s + I nv es t ing c as h f low + F in anc i ng c a s h f low I nc rea s e ( dec r eas e) i n c a s h during t he p eriod St a t em ent of c a s h f low s Question Answer Financial Statement 1. 2. 3. 4. Balance Sheet ?What is balance sheet? ?What is the function of balance sheet? ?One sentence to show your idea BALANCE SHEET ? The balance sheet (statement of financial position) reports the pany‘s assets, liabilities, and owners‘ equity Balance Sheet ? The function of balance sheet Give the panorama of an enterprise‘s assets, liabilities and owner‘s equity. Help users fully acquaint with the financial position, analyze the debt paying ability of the enterprise and offer reference for future economic decision Balance Sheet ? The contents of balance sheet List head, list body, list tail ? The structure of balance sheet 1. Account style 2. Report style Balance Sheet ? Material source of balance sheet ? In general the ―beginning amount‖ and ending amount‖ of each item in balance sheet needs to be filled with. 1. Fill in directly according to the balance in general ledger items. 2. Calculate and fill in according to the balance of several general ledger items. 3. Calculate and fill in according to the balance of relevant detail accounts. 4. Analyze, calculate and fill in according to the balance between general ledger and detail account. 5. Fill in according to amount after the offsetting between relevant asset account and its allowance account. Balance Sheet ?754 ?246 ?3,586 ?8,765 ?46,240 ?84,067 ?95,724 ?883,967 ?967,204 ?769,476 ?8,690,847 ?5,058,371 ?37,580,784 ?86,492,205 A I R amp。 S E A T R A V E L , I NC . Bal a n c e S h e e t A p r il 3 0 , 2 0 10 A s s e t s L ia b il it ie s Cas h $ 3 3 ,3 0 0 A c c o u n ts p a y a b l e $ 1 0 0 A c c o u n ts r e c e i v a b l e 2 ,0 0 0 O ff i c e s u p p l i e s 5 00 S t o c k h o ld e r s ’ E q u it y Land 1 8 ,0 0 0 Com m o n s to c k 5 0 ,0 0 0 Ret a i n e d e a r n i n g s 3 ,7 0 0 T o ta l s to c k h o ld e r s ‘ e q u ity 5 3 ,7 0 0 T o ta l l i a b i l i t i e s a n d T o ta l a s s e ts $ 5 3 ,8 0 0 s to c k h o ld e r s ‘ e q u ity $ 5 3 ,8 0 0 BALANCE SHEET 1. What is it? 2. What items are included in assets, liabilities and owner‘s equity? 3. What is the total assets? 4. What is the total amount of liabilities and owner‘s equity? 5. Are the total assets equal to the total liabilities and owner‘s equity? ? 我公司總資產(chǎn)為 53000美元 ? 我公司資產(chǎn)可從現(xiàn)金 , 應(yīng)收賬款 , 辦公用品及土地四方面進(jìn)行考慮 . ?Could be considered from 4 aspects… ? Could be considered from such aspects as… ASSETS ? Current assets are ? Those assets which the pany expects to convert to cash, sell, or consume during the next 12 months or within the business39。s normal operating cycle if longer than a year ? Current assets include ? Cash ? Accounts receivable ? Merchandise inventory ? Prepaid expenses ASSETS ? Longterm assets are ? Those assets which the pany expects to hold longer then the next 12 months or the business‘s normal operating cycle if longer than one year ? Longterm assets include ? Property ? Equipment ASSETS ? Intangible assets are ? Those with no physical form ?Trademarks ?Patents ? Other assets are ? Those with small values which do not fall within any other standard asset category LIABILITIES ? Current liabilities are ? Debts payable within one year or within the business‘s normal operating cycle if longer than a year ? Current liabilities include ? Notes payable ? Accounts payable ? Accrued expenses payable ? Ine taxes payable LIABILITIES ? Longterm liabilities are ? Debts not payable within one year or within the business‘s normal operating cycle if longer than a year ? Longterm liabilities include ? Notes payable ? Bonds payable OWNERS‘ EQUITY ?Owners‘ equity ? Represents the shareholders‘ ownership of the assets of the business ?Owners‘ equity of a corporation consists of ? Common stock ? Retained earnings Ine Statements ?What is ine statements? ?What is the function of ine statements? Ine statement ? The ine statement (statement of earnings) reports the pany‘s revenues, expenses, and ine or loss for the period Ine statement ? The function of ine statement ? Pr