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Financial StatementsChapter 3Intermediate Accounting12th EditionKieso, Weygandt, and Warfield Prepared by Coby Harmon, University of California, Santa Barbara中级财务会计英文版(PPT-94页)全文共94页,当前为第1页。
1. Understand the purposes of the balance sheet.2. Define the elements of a balance sheet.3. Explain how to measure the elements of a balance sheet.4. Classify the assets of a balance sheet.5. Classify the liabilities of a balance sheet.6. Report the stockholders’ equity of a balance sheet.7. Understand the concepts of income.8. Explain the conceptual guidelines for reporting income.Learning Objectives中级财务会计英文版(PPT-94页)全文共94页,当前为第2页。
9. Define the elements of an income statement.10. Describe the major components of an income statement.11. Compute income from continuing operations.12. Compute results from discontinued operations.13. Identify extraordinary items.14. Prepare a statement of retained earnings.15. Report comprehensive income.Learning Objectives中级财务会计英文版(PPT-94页)全文共94页,当前为第3页。
Resources (Assets)Claims against resources (Liabilities)Remaining claims accruing to owners (Owner’s Equity)Balance Sheet中级财务会计英文版(PPT-94页)全文共94页,当前为第4页。
A = L + OEBasic Accounting IdentityBalance Sheet中级财务会计英文版(PPT-94页)全文共94页,当前为第5页。
AssetsProbable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events.Basic Definitions - SFAC No. 6Balance Sheet中级财务会计英文版(PPT-94页)全文共94页,当前为第6页。
Basic Definitions - SFAC No. 6LiabilitiesProbable future sacrifices of economic benefits arising from present obligations of a particular entity to transfer assets or provide services to other entities as a result of past transactions or events.Balance Sheet中级财务会计英文版(PPT-94页)全文共94页,当前为第7页。
Owners’ EquityThe residual interest in the assets of an entity that remains after its liabilities are deducted.Basic Definitions - SFAC No. 6Balance Sheet中级财务会计英文版(PPT-94页)全文共94页,当前为第8页。
Asset ClassificationsCurrent AssetsCashInventoriesReceivablesPrepaymentsBalance
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