欧美财务会计02.pptx

;Introduction to Financial Statements;Introduction to Financial Statements;Introduction to Financial Statements;Introduction to Financial Statements;A Starting Point: Statement of Financial Position;Assets;Assets;Assets;Liabilities;Owners’ Equity;Owners’ Equity;The Accounting Equation;The Accounting Equation;P41 Your Turn;Overnight Auto Service p44;On Jan 21, McBryan and his family invested $8,000 in Overnight Auto Service and received 800 shares of stock.;On Jan 20, Overnight Auto Service purchased the land for $52 000 cash.;On Jan 22, Overnight purchased the abandoned bus garage for $36 000. Overnight made a cash down payment of $6 000 and issued a 90-day non- interest –bearing note payable for the $30 000 balance owned.;Purchase on account: a deferral of payments Installment payment;On Jan 24, Overnight sold the excess tools for $1,800, a price equal to Overnight’s cost. Ace made no down payment but to pay the amount due within 45 days.;On Jan 26, Overnight received $600 from Ace Towling as partial settlement of its account receivable from Ace.;On Jan 27, Overnight made a partial payment of $6,800 on its account payable to Snappy tools.;On Jan 31, Overnight record the $22,000 accumulated service revenue for January.;On Jan 31, Overnight paid $200 utilities and $1,200 wages.;The expanded accounting equation;Income Statement;Statement of Cash Flows;Statement of Cash Flows p51;Statement of Cash Flows;Relationships Among Financial Statements;Financial Statement Articulation;Financial Reporting and Financial Statements;The Use of Financial Statements by External Parties;The Need for Adequate Disclosure;Management’s Interest in Financial Statements