剑桥商务英语(BEC)金融英语之财务报表.pptVIP

Chen Jianhui 财务报表 Part 1. The Accounting Equation Financial statements tell us how a business is performing and where it stands. The most basic tool of the accountant is the accounting equation: ASSETS = LIABILITIES +OWNER’S EQUITY The equation presents the assets of the business and the claims to those assets. The accounting equation shows the relationship among assets, liabilities and owner’s equity. Assets=Liabilities +Owner’s Equity What is a business entity? A business entity is a particular individual, association, or other organization for which formal records are kept and periodic reports are made. 一个经营实体是有正式经营记录和定期制作财务报告的个人，团体或其他组织 What are the business assets? Properties of value that are owned by a business entity are called business assets or simply assets. What is an account receivable? An account receivable is an unwritten promise by a customer to pay at a later date for goods sold or for service rendered. What have we learned from this part? We have learned from this part the expressions of some technical terms on accounting such as “business entity”, “business assets”, “accounts receivable”. And we have also learned what are classified as assets. What is a business liability? The legal obligation of a business to pay a debt is a business liability or the debt a business is obligated to pay legally is a business liability. business liability 企业负债 How do people pay their debts? Debts are usually paid in cash, and they may be paid with goods, services or other items at a future date if the creditors agree. in cash 用现金 creditor: 债权人 What do liabilities represent? Liabilities represent certain types of ownership interest in a business. What kind of ownership interest do liabilities stand for? They stand for an outside interest, which is sometimes called creditors equity. What are the common liabilities? The most common liabilities are accounts payable and notes payable. What is an account payable? It is an