FinancialStatementsChapter15IntermediateAccounting12thEditionKieso,Weygandt,andWarfield

Explaintheusesandlimitationsofabalancesheet.Prepareaclassifiedbalancesheetusingthereportandaccountformats.Understandtheusesandlimitationsofanincomestatement.Prepareamultiple-stepincomestatement.Understandtheusefulnessofthestatementofcashflows.Identifythemajorclassificationsofcashflows.Prepareastatementofcashflows.LearningObjectivesBalanceSheetStatementofCashFlowsUsefulnessClassificationPreparationWorksheetFinancialStatementsUsefulnessLimitationsClassificationpreparationIncomeStatementUsefulnessLimitationsFormspreparationIntroduc-tionTypeofFinancialStatements

PreparingRequirementNotesStatementofchangesinOE定義格式填列財(cái)務(wù)報(bào)表是對(duì)企業(yè)財(cái)務(wù)狀況、經(jīng)營成果和現(xiàn)金流量的結(jié)構(gòu)性表述。IntroductionofFinancialStatements1、按反響內(nèi)容分類動(dòng)態(tài)報(bào)表2、按編報(bào)期間分類匯總報(bào)表個(gè)別報(bào)表3、按編報(bào)主體分類月報(bào)季報(bào)半年報(bào)中期報(bào)表靜態(tài)報(bào)表年度報(bào)表合并報(bào)表TypeofFinancialStatementsRequirement

aboutpreparingFinancialStatements〔一〕列報(bào)根底持續(xù)經(jīng)營〔三〕重要性和工程列報(bào)1、性質(zhì)或功能不同的工程，一般應(yīng)單獨(dú)列報(bào)。2、性質(zhì)或功能類似的工程，其所屬類別具有重要性的，應(yīng)按其類別列報(bào)?！捕沉袌?bào)的一致性財(cái)務(wù)報(bào)表中的資產(chǎn)和負(fù)債、收入和費(fèi)用不能相互抵消。以下不屬于抵消：1、資產(chǎn)工程按扣除減值準(zhǔn)備后的金額列示2、非日?；顒?dòng)產(chǎn)生的損益按凈額列示〔四〕財(cái)務(wù)報(bào)表工程金額間的相互抵消〔五〕比較信息的列報(bào)〔六〕財(cái)務(wù)報(bào)表表首的列報(bào)〔七〕準(zhǔn)那么規(guī)定單獨(dú)列報(bào)的工程應(yīng)單獨(dú)列報(bào)。資產(chǎn)負(fù)債表是反映企業(yè)某一特定日期財(cái)務(wù)狀況的會(huì)計(jì)報(bào)表。TheBalanceSheetEvaluatingthecapitalstructure.Assessriskandfuturecashflows.Analyzethecompany’s:Liquidity,Solvency,andFinancialflexibility.UsefulnessoftheBalanceSheetMostassetsandliabilitiesarereportedathistoricalcost.Useofjudgmentsandestimates.Manyitemsoffinancialvalueareomitted.LimitationsoftheBalanceSheetThreeGeneralClassificationsAssetsLiabilities,andStockholders’EquityClassificationintheBalanceSheetLiabilitiesEquityAssets=+Cashandotherassetsacompanyexpectstoconvertintocash,sell,orconsumeeitherinoneyearorintheoperatingcycle,whicheverislonger.

CurrentAssetsLong-TermInvestmentsNoncurrentAssetsProperty,Plant,andEquipmentIntangiblesOtherAssets“Obligationsthatacompanyreasonablyexpectstoliquidateeitherthroughtheuseofcurrentassetsorthecreationofothercurrentliabilities.〞CurrentLiabilities“Obligationsthatacompanydoesnotreasonablyexpecttoliquidatewithinthenormaloperatingcycle.〞Long-TermLiabilitiesCompaniesusuallydivideequityintothreeparts,(1)CapitalStock,(2)AdditionalPaid-InCapital,and(3)RetainedEarnings.Owners’Equity(a) InvestmentinpreferredstockBalanceSheetClassificationExerciseAccount(b) Treasurystock(c) Commonstock(d) Cashdividendspayable(e) Accumulateddepreciation(f) Interestpayable(g) Deficit(h) Tradingsecurities(i) Unearnedrevenue(a) Currentasset/Investment(b) Equity(c) Equity(d) Currentliability(e) Contra-asset(f) Currentliability(g) Equity(h) Currentasset(i) CurrentliabilityClassificationPreparationofthebalancesheet“年初余額〞欄：上年末資產(chǎn)負(fù)債表的“期末余額〞。2.根據(jù)總賬科目期末余額分析計(jì)算填列；“期末余額〞欄：1.根據(jù)總賬科目期末余額直接填列；3.根據(jù)明細(xì)科目期末余額分析計(jì)算填列；4.根據(jù)總賬科目余額減去其備抵科目余額后的凈額填列；5.根據(jù)表內(nèi)工程計(jì)算填列。Evaluatepastperformance.Predictingfutureperformance.Helpassesstheriskoruncertaintyofachievingfuturecashflows.IncomeStatementUsefulnessoftheIncomeStatement

利潤表是反映企業(yè)在一定會(huì)計(jì)期間的經(jīng)營成果的會(huì)計(jì)報(bào)表。Companiesomititemsthatcannotbemeasuredreliably.Incomeisaffectedbytheaccountingmethodsemployed.Incomemeasurementinvolvesjudgment.LimitationsoftheIncomeStatementRevenues–Inflowsorotherenhancementsofassetsorsettlementsofitsliabilitiesthatconstitutetheentity’songoingmajororcentraloperations.SalesFeerevenueInterestrevenueDividendrevenueRentrevenueExamplesofRevenueAccountsElementsoftheIncomeStatementExpenses–Outflowsorotherusing-upofassetsorincurrencesofliabilitiesthatconstitutetheentity’songoingmajororcentraloperations.CostofgoodssoldDepreciationexpenseInterestexpenseRentexpenseSalaryexpenseExamplesofExpenseAccountsGains–Increasesinequity(netassets)fromperipheralorincidentaltransactions.Losses-Decreasesinequity(netassets)fromperipheralorincidentaltransactions.Gainsandlossescanresultfromsaleofinvestmentsorplantassets,settlementofliabilities,write-offsofassets.Animportantbusinessindicator.Measuresthedollarsearnedbyeachshareofcommonstock.Mustbedisclosedonthetheincomestatement.EarningsPerShare=Netincome-Preferreddividends WeightedaveragenumberofsharesoutstandingSingle-StepThesingle-stepstatementconsistsofjusttwogroupings:RevenuesExpensesNetIncomeSingle-StepNodistinctionbetween

Operating

and

Non-operating

categories.FormsoftheincomestatementSeparatesoperatingtransactionsfromnonoperatingtransactions.Matchescostsandexpenseswithrelatedrevenues.Highlightscertainintermediatecomponentsofincomethatanalystsuse.

Multiple-StepBackgroundThepresentationdividesinformationintomajorsections.1.OperatingSection

2.NonoperatingSection

3.Incometax

4.根據(jù)相關(guān)規(guī)定計(jì)算填列?！吧掀诮痤~〞欄：上年利潤表的“本期金額〞。2.根據(jù)有關(guān)總賬科目的發(fā)生額分析計(jì)算填列；“本期金額〞欄：1.根據(jù)有關(guān)總賬科目的本期發(fā)生額直接填列；3.根據(jù)表內(nèi)工程計(jì)算填列；PreparationoftheIncomeStatementTheStatementofCashFlows現(xiàn)金流量表是反映企業(yè)在一定會(huì)計(jì)期間現(xiàn)金和和現(xiàn)金等價(jià)物流入和流出的會(huì)計(jì)報(bào)表。UsefulnessEntity’sabilitytogeneratefuturecashflows.Entity’sabilitytopaydividendsandobligations.Reasonsfordifferencebetweennetincomeandnetcashflowfromoperatingactivities.Cashandnoncashinvestingandfinancingtransactions.庫存現(xiàn)金銀行存款其他貨幣資金現(xiàn)金等價(jià)物現(xiàn)金各工程之間的轉(zhuǎn)換、非現(xiàn)金各工程之間的轉(zhuǎn)換都不會(huì)產(chǎn)生現(xiàn)金流量。注意highlyliquid,short-terminvestmentsthatcanbeconvertedintocashwithlittledelay.CashonhandCashinthebankTheterm“Cash〞=CashandcashequivalentsClassificationofCashFlowsIncomeStatementItemsOperatingActivitiesGenerallyLong-TermAssetItemsInvestingActivitiesGenerallyLong-TermLiabilityandEquityItemsFinancingActivities

企業(yè)投資和籌資活動(dòng)以外的所有交易和事項(xiàng)。Operatingactivitiescreaterevenues,expenses,gains,andlosses.

企業(yè)長期資產(chǎn)的購建和不包括在現(xiàn)金等價(jià)物范圍內(nèi)的投資及處置活動(dòng)。Investingactivitiesincreaseanddecrease

long-termassets.

導(dǎo)致企業(yè)資本及債務(wù)規(guī)模和構(gòu)成發(fā)生變化的活動(dòng)。Financingactivitiesobtaincashfrominvestorsandcreditors.IncomeStatementItemsGenerallyLong-TermAssetItemsGenerallyLong-TermLiabilityandEquityItemsThreeSourcesofInformation:ComparativebalancesheetsCurrentincomestatementSelectedtransactiondataStepsinPreparationThreeMajorSteps:Step1.Determinechangeincash.Step2.Determinenetcashflowfromoperatingactivities.Step3.Determinenetcashflowsfrominvestingandfinancingactivities.BalanceSheet12/31/07BalanceSheet12/31/08Fiscal2021A=L+OEA=L+OEIncomeStatementStatementofChangesinOEStatementofCashFlowsAcompanymustdeterminerevenuesandexpensesonacashbasis.Eliminatetheeffectsofincomestatementtransactionsthatdonotresultinanincreaseordecreaseincash.Convertnetincometonetcashflowfromoperatingactivitiesthrougheitheradirectmethodoranindirectmethod.Step2:DetermineNetCashFlowfromOperatingActivitiesIndirectMethodCommonadjustmentstoNetIncome(Loss):Depreciationandamortizationexpense.Gainorlossondispositionoflong-termassets.Changeincurrentassetsandcurrentliabilities.Adjustsnetincomeforitemsnotaffectingcash.KraussCompany’sfinancialstatementsfortheyearendedDecember31,2007,containedthefollowingcondensedinformation.Preparetheoperatingactivitiessectionofthestatementofcashflowsusingtheindirectmethod

(Step2).DirectMethod

“Netcashprovidedbyoperatingactivities〞istheequivalentofcashbasisnetincome.Deductsoperatingcashdisbursementsfromoperatingcashreceipts.KraussCompany’sfinancialstatementsfortheyearendedDecember31,2007,containedthefollowingcondensedinformation.PreparetheoperatingactivitiessectionofthestatementofcashflowsusingtheDirectmethod

(Step2).DirectVersusIndirectControversyInFavoroftheDirectMethodShowsoperatingcashreceiptsandpayments.Informationaboutcashreceiptsandpaymentsismorerevealingofacompany’sabilitytogeneratesufficientcashfromoperatingactivitiestopayitsdebts,toreinvestinitsoperations,andtomakedistributionstoitsowners.InFavoroftheIndirectMethodFocusesonthedifferencesbetweennetincomeandnetcashflowfromoperatingactivities.Provideslinkbetweenthestatementofcashflowsandtheincomestatementandbalancesheet.SpecialRulesApplyingtoIndirectMethodsDiscloseInterestpaid.DiscloseIncometaxespaid.E23-2(a)Plantassetsthathadcost$20,1006yearsbeforeandwerebeingdepreciatedonastraight-linebasisover10yearswithestimatedscrapvalue$1,000

weresoldfor$5,400.Step3:DetermineNetCashFlowfromInvestingandFinancingActivitiesE23-2(b)Duringtheyear,10,000sharesofcommonstockwithastatedvalueof$10asharewereissuedfor$43ashare.E23-2(d)Thecompanysustainedanetlossfortheyearof$50,000.Depreciationamountedto$22,000,andagainof$9,000wasrealizedonthesaleoflandfor$39,000cash.E23-2(h)Duringtheyear,treasurystockcosting$47,000waspurchased.StatementofCashFlowsUseofaWorksheetAworksheetinvolvesthefollowingsteps.Step1.Enterthebalancesheetaccountsandtheirbeginningandendingbalancesinthebalancesheetaccountssection.Step2.Enterthedatathatexplainthechangesinthebalancesheetaccountsandtheireffectsonthestatementofcashflowsinthereconcilingcolumnsoftheworksheet.Step3.Entertheincreaseordecreaseincashonthecashlineandatthebottomoftheworksheet.Thisentryshouldenablethetotalsofthereconcilingcolumnstobeinagreement.所有者權(quán)益變動(dòng)表是反映構(gòu)成企業(yè)所有者權(quán)益的各組成局部當(dāng)期增減變動(dòng)情況的報(bào)表。1、反映所有者權(quán)益各組成局部的增減變動(dòng)；2、表達(dá)了企業(yè)綜合收益。Thisfinancialstatementshowsthedetailofowners’equityandexplainsthechangesthatoccurredinthecomponentsofowners’equityduringtheyear.StatementofchangesinOwners’Equity一、所有者權(quán)益變動(dòng)表的定義二、所有者權(quán)益變動(dòng)表的格式1、上年年末余額2、本年年初金額3、本年增減變動(dòng)