GOOD AFTERNOON Basic Accounting Concept 会计基本概念Balance Sheet .pptVIP

Basic Accounting Concept 会计基本概念 Balance Sheet 资产负债表 Review of week one复习 (1) What are assets?什么是资产？ Assets are what you (or a company) own that you ( or a company) hope will benefit you in the future. Assets are the economic resources of an entity. can be measured by monetary amounts Review of week one复习 What are liabilities?什么是负债？ Liabilities are what you( or a company) owe to others an entity’s obligations to pay cash or transfer other economic resources to suppliers, banks, and other creditors. Future obligations of the business arising out of past transactions Creditor’s claims against the entity’s assets（债权人对企业资产的要求权） Review of week one复习 Owners’ Equity ?什么是权益？ The different between what you own and what you owe is net worth which is called Equity in accounting. The residual amount representing the net assets available after all obligations have been satisfied. Owner’s claims against the entity’s assets （企业所有者对企业资产的要求权） including : capital stock , retained earnings and other equity items Review of week one Owners’ Equity will:权益的变动 increased by investments by owners and retained earnings and decreased by distributions to owners (dividends) and losses Review of week one Balance Sheet ? 资产负债表的性质，结构和项目 Shows the entity’s financial position. A status report ( 静态报表） Construction: assets are listed on the left side and liabilities and owners’ equity are listed on the right side Review of week one ) Income statement利润表的性质，结构和基本项目 Income statement shows the result of operations for a period of time and explains how this result was earned. summarizes the revenues generated and the costs incurred to generate those revenues, showing the results of an entity’s operations for a period of time Income statement is a flow report(动态报表） Week Two Basic Accounting Concepts Basic Concepts Statements of Financial Accounting Concepts财务会计概念公告 Adopted by FASB（Financial Accounting Standard Board) （美国）（财务会计准则委员会） Are not GAAP (Generally Accepted Accounting Princi