ch03The Balance Sheet and the Statement of Changes in Stockholders’Equity第三章英语课件.ppt

The Balance Sheet and the Statement of Changes in Stockholders’ Equity;1. Understand the purposes of the balance sheet. 2. Define the elements of a balance sheet. 3. Explain how to measure the elements of a balance sheet. 4. Classify the assets of a balance sheet. 5. Classify the liabilities of a balance sheet. 6. Report the stockholders’ equity of a balance sheet.; 7. Prepare a statement of changes in stockholders’ equity. 8. Understand the other disclosure issues for a balance sheet. 9. Describe the SEC integrated disclosures. 10. Explain the reporting techniques used in an annual report.;FASB Statement of Concepts No. 5;(1) Financial position at the end of the period. (2) Net income for the period. (3) Comprehensive income for the period. (4) Cash flows for the period. (5) Investments by and distributions to owners for the period.;Interrelationship of Financial Statements;Transactions and Events ;Income Statement Revenues Expenses;Basic Accounting Equation;Liquidity;Financial Flexibility;Operating Capability;Three-Stage Process for Disclosing Information on the Balance Sheet;Elements of the Balance Sheet — Assets;1. The resource must be able to contribute directly or indirectly to the company’s future net cash inflows. 2. The company must be able to obtain the future benefit and control others’ access to it. 3. The transaction or event giving the company the right to or control over the benefit must have occurred.;Assets may be natural or man-made, tangible or intangible, and exchangeable or useful only in the company’s activities.;Liabilities are probable future sacrifices of economic benefits arising from present obligations...L;Elements of the Balance Sheet —Stockholders’ Equity;Measurement of the Elements of the Balance Sheet;Measurement of the Elements of the Balance Sheet (Assets);Measurement of the Elements of the Balance Sheet (Liabilities);Limitations of the Balance Sheet;Current Assets;Operating Cycle;Operating Cycle Flow;Current Assets;Current