财务状况表披露章教学商务英语iachap003.pptx

THESTATEMENTOFFINANCIALPOSITIONANDFINANCIALDISCLOSURESChapter3?2013TheMcGraw-HillCompanies,Inc.

TheStatementofFinancialPositionLimitations:TheStatementofFinancialPositiondoesnotportraythemarketvalueoftheentityasagoingconcernnoritsliquidationvalue.ResourcessuchasemployeeskillsandreputationarenotrecordedintheStatementofFinancialPosition.Usefulness:TheStatementofFinancialPositiondescribesmanyoftheresourcesacompanyhasforgeneratingfuturecashflows.Itprovidesliquidityinformationusefulinassessingacompany’sabilitytopayitscurrentobligations.Itprovideslong-termsolvencyinformationrelatingtotheriskinessofacompanywithregardtotheamountofliabilitiesinitscapitalstructure.Reportsacompany’sfinancialpositiononaparticulardate.

Resources(Assets)Claimsagainstresources(Liabilities)Remainingclaimsaccruingtoowners(Owners’Equity)TheStatementofFinancialPosition

Assetsareresourcescontrolledbytheentityasaresultofpasteventsandfromwhichfutureeconomicbenefitsareexpectedtoflowtotheentity.

CashCashEquivalentsShort-termInvestmentsReceivablesInventoriesPrepaidExpensesCurrentAssetsWillbeconvertedtocashorconsumedwithinoneyearortheoperatingcycle,whicheverislonger.CurrentAssetsCashequivalentsincludecertainnegotiableitemssuchascommercialpaper,moneymarketfunds,andTreasurybills.

OperatingCycleofaTypicalManufacturingCompanyUsecashtoacquirerawmaterialsConvertrawmaterialstofinishedproductDeliverproducttocustomerCollectcashfromcustomer1234

NoncurrentAssetsInvestmentsProperty,Plant,EquipmentIntangiblesOtherAssetsNotexpectedtobeconvertedtocashorconsumedwithinoneyearortheoperatingcycle,whicheverislonger.NoncurrentAssets

CurrentAssets—DellInc.?2013TheMcGraw-HillCompanies,Inc.

NoncurrentAssetsOtherAssetsIncludelong-termprepaidexpensesandanynoncurrentassetsnotfallingin