TAILIEUCHUNG - Lecture Accounting: Tools for business decision making (5th edition): Chapter 2 - Kimmel, Weygandt, Kieso

Chapter 2 - A further look at financial statements. After studying this chapter, you should be able to: Identify the sections of a classified balance sheet; use ratios to evaluate a company’s profitability, liquidity, and solvency. | A FURTHER LOOK AT FINANCIAL STATEMENTS Accounting, Fifth Edition 2 After studying this chapter, you should be able to: Identify the sections of a classified balance sheet. Identify tools for analyzing financial statements and ratios for computing a company’s profitability. Explain the relationship between a retained earnings statement and a statement of stockholders’ equity. Identify and compute ratios for analyzing a company’s liquidity and solvency using a balance sheet. Use the statement of cash flows to evaluate solvency. Explain the meaning of generally accepted accounting principles. Discuss financial reporting concepts. Learning Objectives Preview of Chapter 2 Accounting Fifth Edition Kimmel Weygandt Kieso The Classified Balance Sheet LO 1 Identify the sections of a classified balance sheet. Presents a snapshot at a point in time. To improve understanding, companies group similar assets and similar liabilities together. Illustration 2-1 Standard Classifications Illustration 2-2 The Classified Balance Sheet LO 1 Illustration 2-2 The Classified Balance Sheet LO 1 The Classified Balance Sheet LO 1 Identify the sections of a classified balance sheet. Assets that a company expects to convert to cash or use up within one year or the operating cycle, whichever is longer. Operating cycle is the average time it takes from the purchase of inventory to the collection of cash from customers. Common types of current assets are (1) cash, (2) investments, (3) receivables, (4) inventories, and (5) prepaid expenses. Current Assets The Classified Balance Sheet LO 1 Identify the sections of a classified balance sheet. Companies list current asset accounts in the order they expect to convert them into cash. Current Assets Illustration 2-3 Cash, and other resources that are reasonably expected to be realized in cash or sold or consumed in the business within one year or the operating cycle, are called: Current assets. Intangible assets. Long-term investments. Property, plant, .

• Kế toán - Kiểm toán
• Financial Statements
• Making business decision
• Business decision tool
• Lecture Accounting
• Working with Financial Statements
• Statements Cash Flow
• Standardized Financial Statements
• The DuPont Identity
• Using Financial Statement Information
• Principle of accounting
• Lecture Principle of accounting
• The basic financial statements
• Statements of financial position
• Statements of comprehensive income
• Lecture Accounting 1
• Financial accounting
• Preparation financial statements
• Balancing ledger account
• Financial system
• Lecture Accounting and financial system
• Interpretation of financial statements
• Financial records
• Government grants
• Personal financial planning
• Personal financial
• Lecture Personal financial planning
• Financial planning
• Financial statements analysis
• Principles of financial accounting
• Accounting information
• Analysis of financial statements
• Trend analysis
• Independent external auditor
• Financial statements’ preparers
• Financial statements’ users
• Users of financial statements in Saudi Arabia
• Substantial audit expectation
• Summary of PhD thesis
• Thesis summary of Doctor of Accounting
• Auditing of financial statements
• Auditing time of financial statements
• Accounting in practice
• Lecture Accounting in practice
• Statement of cash flow
• Accounting principles
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Horizontal analysis
• Audited financial statements
• Group financial statements
• Auditing services
• Assurance services
• Contemporary auditing environment
• Financial statement audit
• Financial statements statements
• The accounting information system
• Accrual accounting concepts
• Analyzing inventory
• The factors affect
• The quality of financial statements audit
• Vietnam businesses
• Especially the financial markets
• Financial statements audit in enterprises
• financial services
• financial ratios
• corporate governance
• financial management
• financial environment markets
• Lecture Financial accounting
• Business entity
• Accounting equation
• Financial statement articulation
• Accounting activities
• Business firms
• The financial reporting reform
• Fundamentals of financial management
• Financial statement
• Quản lý tài chính
• Ratio analysis
• Financial Reporting
• Framework of financial reporting
• Lecture Framework of financial reporting
• Regulatory system
• Financial statements comprises