工商管理专业PPT英语课件Unit 7 Operating Statement of a Company.pptVIP

Unit 7 Operating Statement of a Company The main financial statements A balance sheet is often described as a snapshot of a companys financial condition, which consists of assets, liabilities and ownership equity listed as the end of its financial year. The main financial statements Income statement (operating statement ) indicates how the revenue is transformed into the net income. It displays the revenues recognized for a specific period, and the cost and expenses charged against these revenues. The main financial statements A cash flow statement shows how changes in balance sheet acco