第十一讲：Translation of a Financial Statement.ppt

第十一讲：Translation of a Financial Statement 主讲人：陈志杰 Financial statements are a structured financial representation of the financial position of and the transactions undertaken by an enterprise. The objective of general purpose financial statements is to provide information about the financial position, performance and cash flows of an enterprise that is useful to a wide range of users in making economic decisions. Financial statements also show the results of managements stewardship of the resources entrusted to it. To meet this objective, financial statements provide information about an enterprises: (a) assets; (b) liabilities; (c) equity; (d) income and expenses, including gains and losses; and (e) cash flows. 一、Functions of a Financial Statement 1. Show the financial position of a company. 2. report the income to the stockholder. 3. Attract investment or partners through the profitability. 4. show the operations and performance. A Balance Sheet Assets Current Assets 流动资产 Cash $65,000 现金 Account Receivable $34,000 应收账款 Inventory $98,000 存货 Prepaid Insurance $3,500 预付保险费 Supplies on Hand $1,500 在用物料 Total Current Assets $202,000 Fixed Assets Store Fixtures $72,000 店面装置 Less：Accumulated Depreciation $15,000 $57,000 扣除：累计折旧 Total Assets $259,000 Liabilities and Owner’s Equity Current liabilities 流动负债 Notes Payable $16,000 应付票据 Accounts Payable $59,000 应付账款 Accrued Salaries Payable $4,000 应计未付薪金 Total Current Liabilities $79,000 Owner’s equity 业主权益 K. Douglas， Capital $180,000