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A further Look at financial Statement

Được đăng lên bởi Bui Manh Tuan
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A Further Look at
Financial Statements
Chapter
2-1

Financial Accounting, Fifth Edition

Study
Study Objectives
Objectives
1.

Identify the sections of a classified balance sheet.

2.

Identify and compute ratios for analyzing a company’s
profitability.

3.

Explain the relationship between a retained earnings
statement and a statement of stockholders’ equity.

4.

Identify and compute ratios for analyzing a company’s
liquidity and solvency using a balance sheet.

5.

Use the statement of cash flows to evaluate solvency.

6.

Explain the meaning of generally accepted accounting
principles.

7.

Discuss financial reporting concepts.

Chapter
2-2

AA Further
Further Look
Look At
At Financial
Financial Statements
Statements

The Classified
Balance Sheet

Current assets
Long-term
investments
Property, plant, and
equipment
Intangible assets
Current liabilities
Long-term liabilities
Stockholders’ equity
Chapter
2-3

Using the Financial
Statements

Ratio analysis
Using the income
statement
Using the statement of
stockholders’ equity
Using a classified
balance sheet
Using the statement of
cash flows

Financial Reporting
Concepts

The standard-setting
environment
Characteristics of
useful information
Assumptions and
principles
Constraints

The
The Classified
Classified Balance
Balance Sheet
Sheet
Presents a snapshot at a point in time.
To improve understanding, companies group
similar assets and similar liabilities together.

Standard Classifications
Assets

Liabilities and Owner’s Equity

Current assets
Long-term investments
Property, plant, and equipment
Intangible assets
Chapter
2-4

Illustration 2-1

Current liabilities
Long-term liabilities
Stockholders’ equity

SO 1 Identify the sections of a classified balance sheet.

The
The Classified
Classified Balance
Balance Sheet
Sheet
Illustration 2-2

Chapter
2-5

The
The Classified
Classified Balance
Balance Sheet
Sheet
Illustration 2-2

Chapter
2-6

The
The Classified
Classified Balance
Balance Sheet
Sheet
Current Assets
Assets that a company expects to convert to cash
or use up within one year or the operating cycle,
whichever is longer.
Operating cycle is the average time it takes from
the purchase of inventory to the collection of
cash from customers.

Chapter
2-7

SO 1 Identify the sections of a classified balance sheet.

The
The Classified
Classified Balance
Balance Sheet
Sheet
Current Assets
Illustration 2-3

Companies usually list current asset accounts in the order
they expect to convert them into ca...
Chapter
2-1
A Further Look at
A Further Look at
Financial Statements
Financial Statements
Financial Accounting, Fifth Edition
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