CF-Ch2.pptVIP

CORPORATE FINANCE Chapter 2 Financial Statements, Taxes, and Cash Flow Key Concepts and Skills Know the difference between book value and market value Know the difference between accounting income and cash flow Know the difference between average and marginal tax rates Know how to determine a firm’s cash flow from its financial statements Outline 2.1 The Balance Sheet（平衡表） 2.2 The Income Statement（收入表） 2.3 Taxes（税收） 2.4 Cash Flow（现金流） 2.1 The Balance Sheet The balance sheet is a snapshot（快照） of the firm’s assets and liabilities at a given point in time. Financial calendar (year，会计年度) Figur