年度中级财务报表及会计管理知识学（英文版）.pptVIP

Financial Statements;Explain the uses and limitations of a balance sheet. Prepare a classified balance sheet using the report and account formats. Understand the uses and limitations of an income statement. Prepare a multiple-step income statement. Understand the usefulness of the statement of cash flows. Identify the major classifications of cash flows. Prepare a statement of cash flows.;Balance Sheet; 财务报表是对企业财务状况、经营成果和现金流量的结构性表述。;1、按反应内容分类;Requirement  about preparing Financial Statements; 财务报表中的资产和负债、收入和费用不能相互抵消。下列不属于抵消：; 资产负债表是反映企业某一特定日期财务状况的会计报表。;Most assets and liabilities are reported at historical cost. Use of judgments and estimates. Many items of financial value are omitted.;Three General Classifications Assets Liabilities, and Stockholders’ Equity;Liabilities;Cash and other assets a company expects to convert into cash, sell, or consume either in one year or in the operating cycle, whichever is longer. ;Long-Term Investments;“Obligations that a company reasonably expects to liquidate either through the use of current assets or the creation of other current liabilities.”;“Obligations that a company does not reasonably expect to liquidate within the normal operating cycle.”;Companies usually divide equity into three parts, (1) Capital Stock, (2) Additional Paid-In Capital, and (3) Retained Earnings.;(a) Investment in preferred stock;Preparation of the balance sheet;Evaluate past performance. Predicting future performance. Help assess the risk or uncertainty of achieving future cash flows.;Companies omit items that cannot be measured reliably. Income is affected by the accounting methods employed. Income measurement involves judgment.;Revenues – Inflows or other enhancements of assets or settlements of its liabilities that constitute the entity’s ongoing major or central operations.;Expenses – Outflows or other using-up of assets or incurrences of liabilities that constitute the entity’s ongoing major or central operations.;Gains – Increases