会计英语第八单元课件.pptxVIP

Unit eight Accounting Cycle(5) Financial Statements 第1页，共16页。 Learning Objectives:1 What the definition of balance sheet? And how often dose it prepare?2 Grasp the preparation of balance sheet: format, heading and body, classifications3 What the definition of income statement? And how often dose it prepare?4 Grasp the preparation of income statement: format, heading and body, classifications第2页，共16页。 5 What the definition of cash flow statement? And how often dose it prepare?6 Grasp the preparation of cash flow statement: format, heading and body, classifications7 Prepare the statement of Owner’s Equity.第3页，共16页。 一 Balance Sheet1 Definition：Shows: (1)financial position of a business entity(2)by summarizing the assets, liabilities, and owners’ equity(3)at a specific date 第4页，共16页。 2 alternative names :(1)Statement of Financial Position(2)Statement of Financial Condition3 prepare date:at the end of year/ month (accounting period)第5页，共16页。 4 format :Heading: (1)name of business(2)name of statement(3)dateBody:account form and report form (both widely used)第6页，共16页。 5 classifications :assets: current/ fixed/ otherliabilities: current/ long-termowner’ equity: capital stock/ retained earnings 第7页，共16页。 二 Income Statement1 Definition :Shows:(1)the results of operations for a business(2)matching revenue and the related expenses(3)for a particular accounting period (during a given time) 第8页，共16页。 2 alternative names :(1)Earnings Statement(2)Statement of Operations(3)Profit and Loss Statement 3 prepare date:month/ quarter/ year/ any other specific period of time第9页，共16页。 4 format :multiple-step income statement single-step income statement Heading: (1)name of business(2)name of statement(3)period第10页，共16页。 Body: multiple-step single-step revenue revenues－ cost of goods sold － expenses＝ Gross profit on sales net income－ operating expenses＝ income form operations－income tax expe