[其它考试]11-13THEBALANCESHEET.ppt

Cash and receivables—net realizable value Investments in debt and equity securities—in most cases, current market value Inventories—cost (FIFO, LIFO,etc.) or lower-of-cost-or-market Prepaid expenses—historical cost Summary of Accounting Policies A selection from existing acceptable alternatives. Principles and methods peculiar to the industry in which the company operates. Unusual or innovative applications of GAAP. Derivative Financial Instruments The type of derivative instruments it holds. Its objectives in holding the instruments. Its strategies for achieving these objectives. Subsequent Events Subsequent Events SEC Integrated Disclosures Balance Sheet Formats The balance sheet Cash $ 30 Net Accounts Receivable 70 Inventory 100 Current Assets $200 Current Liabilities $100 Debt Ratio: total liabilities divided by total assets. Total Assets $400 Total Liabilities 300 The proportion of total assets in each asset category. Property, Plant, and Equipment $ 50 Total Assets 400 “Asset Turnover” is a financial ratio measuring how efficiently a company uses its assets to generate sales. Sales $200 Total Assets 400 Asset Group Total Assets $50 $400 = 12.5% Intermediate Accounting 3 The Balance Sheet and Statement of Changes in Stockholders’ Equity Assets mix $200 $400 = 0.50 Intermediate Accounting 3 The Balance Sheet and Statement of Changes in Stockholders’ Equity Efficiency The End Intermediate Accounting 3 The Balance Sheet and Statement of Changes in Stockholders’ Equity 3 Other Liabilities Intermediate Accounting 3 The Balance Sheet and Statement of Changes in Stockholders’ Equity Deferred tax liabilities and obligations of a component of the company that is being discontinued are examples of items that might be included as other liabilities. Conceptual Guidelines Intermediate Accounting 3 The Balance Sheet and Statement of Changes in Stockholders’ Equity FASB suggested guidelines for developing hom