第二章文档新节 财务报表、税跟现金流量_2.pptVIP

净资本性支出—— 假设期初、期末的固定资产净值分别为500美元和750美元 净资本性支出=750─500+150=400 净营运资本变动及来自资产的现金流量 假设该公司年初的流动资产为2130美元，流动负债为1620美元。相应的年末数2260美元和1710美元。 NWC变动=（2260 ─ 1710） ─（2130 ─ 1620） =40 来自资产的现金流量=259 ─400 ─40= ─ 181 比较来自资产的现金流量（ ─181 ）和净利润（79） 流向股东和债权人的现金流量 假设公司该年没有发售新权益 则流向股东的现金流量 30 ─0=30 根据现金流量恒等式 CFB（A）=CFB（B）+CFB（S） ─181= 30+？ 流向债权人的现金流量= ─211 ─211 =利息支出30 ─新的借款净额 新的借款净额= 30─（ ─ 211）=241 * Point out that taxes can be a very important component of the decision making process, but that what they learn about tax specifics now could change tomorrow. Consequently, it is important to keep up with the changing tax laws and to utilize specialists in the tax area when making decisions where taxes are involved. www: Click on the web surfer icon to go to the IRS web site for the most up-to-date tax information. It is important to point out that we are concerned with the taxes that we will pay if a decision is made. Consequently, the marginal tax rate is what we should use in our analysis. Point out that the tax rates discussed in the book are just federal taxes. Many states and cities have income taxes as well, and those taxes should figure into any analysis that we conduct. * Tax liability: .15(50,000) + .25(75,000 – 50,000) + .34(100,000 – 75,000) + .39(335,000 – 100,000) + .34(4,000,000 – 335,000) = $1,356,100 Average rate: 1,356,100 / 4,000,000 = .339025 or 33.9025%Marginal rate comes from the table, and it is 34% We should use the marginal rate with an expected additional 34,000 in taxes and a change in the average rate to 1,390,100 / 4,000,000 = .347525 or 34.7525% 学习目的： 1.了解公司财务报表的内容 2.了解公司税率的确定 3.了解公司现金流量的核算 第二章 财务报表、税和现金流量 一、资产负债表（the Balance Sheet） 二、利润表（the Income Statement） 三、现金流量表（Statement of Cash Flows） 基本财务报表 资产负债表 年份 年份 资 产 负债及所有者权益 流动资产 流动负债 现金 应付账款 应收账款 应付票据 存货 小计 小计 长期债务 固定资产 所有者权益 厂房和设备净值 普通股股本及溢缴股本 其他资产 留存收益 小计 资产总额 负债及所有者权益总额 资产=负债+所有者权益 一、资产负债表 1.流动资产 2.固定资产 3.其他资产 就资产负债表的左方（资金的运用）而言 就资产负债表的