会计学原理第一章.pptx

Chapter 1; Understanding the Business; Understanding the Business; Understanding the Business; The Business Operations; The Accounting System; The Accounting System; Learning Objectives; The Four Basic Financial Statements; The Four Basic Financial Statements;Let’s look at MAXIDRIVE CORP.’s financial statements.;;13;Assets are listed by their ease of conversion into cash.;Liabilities are debts or obligations of the business that result from past transactions.;Equity is the amount of financing provided by owners of the business and earnings.; The Balance Sheet; ;;The Income Statement reports the revenues minus expenses of the accounting period.;Revenues are earnings from the sale of goods or services to customers.; Revenues; Revenues;Expenses are the dollar amount of resources used up by the entity to earn revenues during a period.;第25页，共57页。; Expenses; Expenses;If expenses exceed revenues, we report net loss.;Statement of Retained Earnings;;The Statement of Retained Earnings reports the way that net income and the distribution of dividends affect the financial position of the company during a period.;Statement of Cash Flows;;The Statement of Cash Flows reports the inflows and outflows of cash during the period in the categories of operating, investing, and financing.;Cash flows directly related to earning income are shown in the operating section.;Cash flows related to the acquisition or sale of productive assets are shown in the investing section.;Cash flows from or to investors or creditors are shown in the financing section.;The statement ends with a reconciliation of Cash.; Relationship Among the Financial Statements; Relationship Among the Financial Statements; Relationship Among the Financial Statements; Notes;资产; Price/Earnings Ratio; Learning Objectives;Decision makers need to understand accounting measurement rules.;How are Generally Accepted Accounting Principles Determined?;;Generally Accepted Accounting Principles (GAAP);The Equivalents in China; Interna