TAILIEUCHUNG - Lecture Financial accounting: Tools for business decision making - Chapter 2: A further look at financial statements

This chapter’s objectives are to: Identify the sections of a classified balance sheet; use ratios to evaluate a company’s profitability, liquidity, and solvency; discuss financial reporting concepts. | A Further Look at Financial Statements Kimmel ● Weygandt ● Kieso Financial Accounting, Eighth Edition 2 Use ratios to evaluate a company’s profitability, liquidity, and solvency. CHAPTER OUTLINE Identify the sections of a classified balance sheet. 1 2 LEARNING OBJECTIVES Discuss financial reporting concepts. 3 Presents a snapshot at a point in time. To improve understanding, companies group similar assets and similar liabilities together. Standard Classifications LEARNING OBJECTIVE LO 1 Identify the sections of a classified balance sheet. 1 Assets Liabilities and Stockholders’ Equity Current assets Current liabilities Long-term investments Long-term liabilities Property, plant, and equipment Stockholders’ equity Intangible assets ILLUSTRATION 2-1 Standard balance sheet classifications LO 1 ILLUSTRATION 2-2 Classified balance sheet LO 1 ILLUSTRATION 2-2 Classified balance sheet Assets that a company expects to convert to cash or use up within one year or the operating cycle, whichever

• Kế toán - Kiểm toán
• Financial accounting
• Lecture Financial accounting
• Business decision
• Kế toán tài chính
• Financial statements
• Current assets
• 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