大学会计英语课件陈庆柏 主编978 7 81134 917 7unit 15.pptVIP

Paraphrase the following esp. the underlined parts The statement of condition, also called the balance sheet, is prepared as of a specific date. If the bank’s total expenses for the period exceed its income, the net figure is negative, indicating a loss. Questions for Unit 15 This is the end of Unit 15 Thank you for your attention 陈庆柏 王景仙 主编 Unit Fifteen Two Basic Bank Financial Statements Warming-up Questions What are the two basic financial statements maintained by banks? And their functions? Can you guess what are banks’ main sources of income? Suggested Answers What are the two basic financial statements maintained by banks? And their functions? The two basic financial statements maintained by banks are: ①The statement of condition, also called the balance sheet which reports a bank’s total assets, liabilities, and capital accounts; ② The income statement, also called the profit-and-loss statement, which covers a bank’s operation over an extended period, such as 3 months or longer and shows all revenues and expenses of the bank. Both the balance sheet and the income statement are updated every day. Suggested Answers Can you guess what are banks’ main sources of income? The major sources of a bank’s income can be listed as follows: ① interest on loans provided to its customers; ② interest and dividends on its investments; and ③ fees, commissions and services charges. Notes 1. statement of condition 财务状况表（又称之为资产负债表） 2. snapshot n. 快照 = an informal photograph taken with brief exposure by snapping the shutter of a hand camera 3. cash on hand 手头现金(Here “on hand” means ready or available for use) 4. bank’s vault 银行的保管库 = a secure room, often with individual safe-deposit boxes, for the safe-keeping of valuables or money in a bank 5. in the process of collection 在托收过程中 6. time deposits （美）定期存款 = a relationship carrying a specified maturity date, usually bearing interest and restricting the depositor’s ability to make withdrawals before maturity date 7. disbur