会计学原理Chapter01.pptVIP

Chapter 1; Understanding the Business; Understanding the Business; Understanding the Business; The Business Operations; The Accounting System; The Accounting System; Learning Objectives; The Four Basic Financial Statements; The Four Basic Financial Statements;Let’s look at MAXIDRIVE CORP.’s financial statements.;1. Name of entity 2. Title of statement 3. Specific date 4. Unit of measure;Assets are listed by their ease of conversion into cash.;Liabilities are debts or obligations of the business that result from past transactions.;Equity is the amount of financing provided by owners of the business and earnings.; The Balance Sheet; ;1. Name of entity 2. Title of statement 3. Specific period of time (Unlike the balance sheet, this statement covers a specified period of time.) 4. Unit of measure;The Income Statement reports the revenues minus expenses of the accounting period.;Revenues are earnings from the sale of goods or services to customers.; Revenues; Revenues;Expenses are the dollar amount of resources used up by the entity to earn revenues during a period.;漱醉争蛰众亢勉尺珍概闽张念储印五雌哀妙问晒楼衰乙筹市地昏辟精绪矽会计学原理Chapter01会计学原理Chapter01; Expenses; Expenses;If expenses exceed revenues, we report net loss.;Statement of Retained Earnings;1. Name of entity 2. Title of statement 3. Specific period of time (Like the income statement, this statement covers a specified period of time.) 4. Unit of measure;The Statement of Retained Earnings reports the way that net income and the distribution of dividends affect the financial position of the company during a period.;Statement of Cash Flows;1. Name of entity 2. Title of statement 3. Specific period of time (Like the income statement, this statement covers a specified period of time.) 4. Unit of measure;The Statement of Cash Flows reports the inflows and outflows of cash during the period in the categories of operating, investing, and financing.;Cash flows directly related to earning income are shown in the operating