ch03The Balance Sheet and the Statement of Changes in Stockholders’Equity(中级会计学-赖红宁).pptVIP

Objectives 1. Understand the purposes of the balance sheet. 2. Define the elements of a balance sheet. 3. Explain how to measure the elements of a balance sheet. 4. Classify the assets of a balance sheet. 5. Classify the liabilities of a balance sheet. 6. Report the stockholders’ equity of a balance sheet. FASB Statement of Concepts No. 5 FASB Statement of Concepts No. 5 (1) Financial position at the end of the period. (2) Net income for the period. (3) Comprehensive income for the period. (4) Cash flows for the period. (5) Investments by and distributions to owners for the period. Interrelati