公司理财第七版chap003.pptVIP

Chapter 3 Learning Objectives Interpret the information contained in the balance sheet, income statement, and statement of cash flows. Distinguish between market and book values. Explain why income differs from cash flow. Understand the essential features of the taxation of corporate and personal income. * Chapter 3 Outline The Balance Sheet Assets Liabilities Book values vs. market values The Income Statement Profits vs. cash flow Depreciation Cash vs. accrual accounting The Statement of Cash Flows Free cash flow Accounting practice Taxes Corporate tax Personal tax The problem of “double taxa