TAILIEUCHUNG - Lecture Financial accounting (10th edition): Chapter 2 - Pratt, Peters

Chapter 2 - A closer look at the financial statements. In this chapter students will be able to: Describe the balance sheet in terms of equity and debt capital and producing and operating assets, explain the concept of net income, who owns it and what they can do with it, define the three major activities of a business,. | 2 A Closer Look at the Financial Statements Chapter 2: 2 3 Describe the balance sheet in terms of equity and debt capital and producing and operating assets. Learning Objective 1 4 A Story that builds a Set of Financial Statements Businesses’ needs are evaluated and can be acquired utilizing capital Business Plan – shows your ideas on how the business will show a profit Contributed Capital Given in return for ownership interest Investors expect a return on their investment (dividends and growth) Debt Capital Capital paid back over time (liability) Interest charged for the use of the capital 5 A Story that builds a Set of Financial Statements Capital investment (equity and debt) can be used to purchase assets Producing assets Support the generation of revenue Useful over the long term (several years) Examples – land, buildings, equipment Operating assets Support the generation of revenue Used up quickly – replaced often Assets that are for sale 6 Concept Practice 1 7 Explain the .

• Kế toán - Kiểm toán
• Financial accounting
• Lecture Financial accounting
• Kế toán tài chính
• Financial statements
• Shareholders’ equity
• Balance sheet
• Issues in financial accounting
• Accounting standards
• Financial reporting
• Financial Accounting Standards Board
• Fundamental financial accounting
• Lecture Fundamental financial accounting concepts
• Financial statement
• Accounting cycle
• Accounting for accruals
• Accounting system
• Accounting activities
• Financial accounting practice
• Accounting information system
• Accounting terminology
• Reporting financial results
• Evaluating liquidity
• Business firms
• The financial reporting reform
• Accounting information
• Management accounting
• Accounting equation
• Accounting systems
• Decision making
• External financial reporting
• Accounting for business
• Lecture Accounting for business
• Financial accounting reports
• Statement of financial performance
• Accrual accounting systems
• Statement of financial position
• Mastering financial accounting essentials
• Financial accounting essentials
• Accrual accounting
• Income statement
• Accounting conventions
• Internal control
• Accounting for cash
• Accounting for receivables
• Computing uncollectible accounts expense
• Long term debt
• Accounting for long term debt
• Paper F3
• Revision kit 2016
• Accounting Financial
• Accounting Financial Review
• Financial Review accounting exam
• Study text 2016
• Language of business
• Double entry accounting system
• Credit terminology
• Merchandising businesses
• Accounting for merchandising businesses
• Accounting for inventories
• Cash discounts
• The accounting cycle
• International financial reporting standards
• Completing the accounting cycle
• Accounting worksheet
• Classified balance sheet