财务管理课件cap002.pptVIP

Financial Statements, Taxes, and Cash Flow Chapter 2 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 Chapter Outline The Balance Sheet The Income Statement Taxes Cash Flow The Balance Sheet The balance sheet is a snapshot of the firm’s assets and liabilities at a given point in time Assets are listed in order of liquidity Ease of conversion to cash Without significant loss of