XXXX中级财务会计英文版第十五章-财务报表FA15thefin

FinancialStatementsChapter15IntermediateAccounting12thEditionKieso,Weygandt,andWarfield1.Explaintheusesandlimitationsofabalancesheet.2.Prepareaclassifiedbalancesheetusingthereportandaccountformats.3.Understandtheusesandlimitationsofanincomestatement.4.Prepareamultiple-stepincomestatement.5.Understandtheusefulnessofthestatementofcashflows.6.Identifythemajorclassificationsofcashflows.7.Prepareastatementofcashflows.LearningObjectivesBalanceSheetStatementofCashFlowsUsefulnessClassificationPreparationWorksheetFinancialStatementsUsefulnessLimitationsClassificationpreparationIncomeStatementUsefulnessLimitationsFormspreparationIntroduc-tionTypeofFinancialStatementsPreparingRequirementNotesStatementofchangesinOE定义格式填列RequiredDisclosureFinancialStatementthatSatisfiesRequirementFinancialpositionattheendoftheperiodBalanceSheetEarningsfortheperiodIncomeStatementCashflowsduringtheperiodStatementofCashFlowsInvestmentsbyanddistributionstoownersduringtheperiodStatementofChangesinOwners'Equity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。IntroductionofFinancialStatements1、按反应内容分类动态报表2、按编报期间分类汇总报表个别报表3、按编报主体分类月报季报半年报中期报表静态报表年度报表合并报表TypeofFinancialStatementsRequirementaboutpreparingFinancialStatements（一）列报基础持续经营（三）重要性和项目列报1、性质或功能不同的项目，一般应单独列报。2、性质或功能类似的项目，其所属类别具有重要性的，应按其类别列报。（二）列报的一致性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：1、资产项目按扣除减值准备后的金额列示2、非日常活动产生的损益按净额列示（四）财务报表项目金额间的相互抵消（五）比较信息的列报（六）财务报表表首的列报（七）准则规定单独列报的项目应单独列报。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。TheBalanceSheetEvaluatingthecapitalstructure.Assessriskandfuturecashflows.Analyzethecompany’s:Liquidity,Solvency,andFinancialflexibility.UsefulnessoftheBalanceSheetMostassetsandliabilitiesarereportedathistoricalcost.Useofjudgmentsandestimates.Manyitemsoffinancialvalueareomitted.LimitationsoftheBalanceSheetThreeGeneralClassificationsAssetsLiabilities,andStockholders’EquityClassificationintheBalanceSheetCash34,000$Short-termdebt20,000$Asccountsrecievable80,000Accountspayable35,000Merchandiseinventory170,000Otheraccruedliabilities12,000Totalcurrentasets284,000$Totalcurrentliabilities67,000$PlantandEquipmentLong-termdebt50,000Equipment40,000TotalLiabilities117,000Less:Accumulateddepreciation(4,000)Owners'equity203,000TotalAssets320,000$Totalliabilitiesandowners'equity320,000$CurrentAssetsCurrentLiabilitiesMainStreetStore,Inc.BalanceSheetAugust31,2004AssetsLiabilitiesandOwners'EquityLiabilitiesEquityAssets=+Cashandotherassetsacompanyexpectstoconvertintocash,sell,orconsumeeitherinoneyearorintheoperatingcycle,whicheverislonger.CurrentAssetsLong-TermInvestmentsNoncurrentAssetsProperty,Plant,andEquipmentIntangiblesOtherAssets“Obligationsthatacompanyreasonablyexpectstoliquidateeitherthroughtheuseofcurrentassetsorthecreationofothercurrentliabilities.”CurrentLiabilitiesBalanceSheet(inthousands)CurrentliabilitiesNotespayable####Accountspayable131,800Accruedcompensation43,000Unearnedrevenue17,000Incometaxpayable23,400CurrentmaturitiesLTdebt121,000Totalcurrentliabilities569,650“Obligationsthatacompanydoesnotreasonablyexpecttoliquidatewithinthenormaloperatingcycle.”BalanceSheet(inthousands)CurrentliabilitiesLong-termliabilitiesLong-termdebt979,500Obligationscapitallease345,800Deferredincometaxes77,909Totallong-termliabilities####Stockholders'equityLong-TermLiabilitiesCompaniesusuallydivideequityintothreeparts,(1)CapitalStock,(2)AdditionalPaid-InCapital,and(3)RetainedEarnings.Owners’Equity(a)InvestmentinpreferredstockBalanceSheetClassificationExerciseAccount(b)Treasurystock(c)Commonstock(d)Cashdividendspayable(e)Accumulateddepreciation(f)Interestpayable(g)Deficit(h)Tradingsecurities(i)Unearnedrevenue(a)Currentasset/Investment(b)Equity(c)Equity(d)Currentliability(e)Contra-asset(f)Currentliability(g)Equity(h)Currentasset(i)CurrentliabilityClassificationPreparationofthebalancesheet“年初余额”栏：上年末资产负债表的“期末余额”。2.根据总账科目期末余额分析计算填列；“期末余额”栏：1.根据总账科目期末余额直接填列；3.根据明细科目期末余额分析计算填列；4.根据总账科目余额减去其备抵科目余额后的净额填列；5.根据表内项目计算填列。Evaluatepastperformance.Predictingfutureperformance.Helpassesstheriskoruncertaintyofachievingfuturecashflows.IncomeStatementUsefulnessoftheIncomeStatement利润表是反映企业在一定会计期间的经营成果的会计报表。Companiesomititemsthatcannotbemeasuredreliably.Incomeisaffectedbytheaccountingmethodsemployed.Incomemeasurementinvolvesjudgment.LimitationsoftheIncomeStatementRevenues–Inflowsorotherenhancementsofassetsorsettlementsofitsliabilitiesthatconstitutetheentity’songoingmajororcentraloperations.SalesFeerevenueInterestrevenueDividendrevenueRentrevenueExamplesofRevenueAccountsElementsoftheIncomeStatementExpenses–Outflowsorotherusing-upofassetsorincurrencesofliabilitiesthatconstitutetheentity’songoingmajororcentraloperations.CostofgoodssoldDepreciationexpenseInterestexpenseRentexpenseSalaryexpenseExamplesofExpenseAccountsGains–Increasesinequity(netassets)fromperipheralorincidentaltransactions.Losses-Decreasesinequity(netassets)fromperipheralorincidentaltransactions.Gainsandlossescanresultfromsaleofinvestmentsorplantassets,settlementofliabilities,write-offsofassets.Animportantbusinessindicator.Measuresthedollarsearnedbyeachshareofcommonstock.Mustbedisclosedonthethei