T6Balance Sheet 资产负债表附表 英文.pdfVIP

Topic 6 Balance Sheet Reporting Financial Position An important issue for any business is its current financial ? position. What does the business own? What does it owe? These answers can be found in the Balance Sheet (Statement of Financial Position). Prepared by: IFT Accounting Team 2 Basic structure of Balance Sheet(SFP) ACCOUNTING EQUATION Assets = Liabilities + Equity Reported at a given time or date Prepared by: IFT Accounting Team 3 Balance Sheet (SFP) ►The purpose of the balance sheet is to report the financial position of a company (its assets, liabilities, and stockholders’ equity) at a specific point in time. ►The relationship between the elements of the balance sheet is given by the fundamental accounting equation. ►The balance sheet is organized, or classified, to help users identify the fundamental economic similarities and differences between the various items within the balance sheet. Prepared by: IFT Accounting Team 4 Classification of Balance Sheet A Classified Groups together accounts of Balance similar nature and reports them in a few major Sheet classifications. • Current assets Asset • Long-term investments