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Financial Statement Samples And Templates（财务报表和模板样本）.pdf 22页
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Financial Statement Samples And Templates（财务报表和模板样本）
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FinancialStatementSamplesAndTemplatesByShauntaPleasantYourBusinessesFinancialStatementsarethemeansbywhichyouwillbeabletocommunicateyourinformationtotheperspectiveinvestors.TheThreeFinancialStatementsThatYouShouldUseAre:IncomeStatementBalanceSheetStatementCashFlowStatementBusinessPlan&StartUpNewsletterJointheBusinessPlan&StartUpNewsletteremailinglistnowandgetfrequentnewmonthlyarticles,uptodatemarketingtips,therealdealabouthowtowriteaBusinessPlan,andBusinessStartUpSecretsonlythepro’sknows…/business_plan_and_start_up_newsletter.htmlBusinessPlan&StartUpNewsletterisbrokendownintotwobusinessformatstohelpyousucceedintoday'severchangingbusinessenvironment.ThefirstformatisextremelyusefulBusinessStartUpandOperationalInformation.ThenextformatincludesBusinessPlantipsthatcanhelpyouwriteaBusinessPlanthatwillworkforyourbusiness.WewillthrowinsomefreebusinesstidbitsthatyoucanorderordownloadfromtheNetthatwillbeveryvaluableforyouandyourbusiness.BusinessPlan&StartUpNewsletterisforpeoplethatareAbsolutelyFedUpwithworkingforsomeoneelse.Theyhaveworkedforsomtheyarereadytogetstartedondevelopingtheirownbusiness.AndultimatelymaketheirbusinessSuperSuccessful.Sothatonedaytheycanwalkintotheirboss'sofficeandtellhim/herthesetwowords...&IQuit!&Whoknows,perhapsthatpersoncanbeYOU…2?TLManage,Inc.POBOX435St.Louis,MO-1392/contact-us.htmlThismanualpurposeistoprovideaccurateandauthoritativeinformationonthetopicscovered.Itissoldwiththeunderstandingthatneithertheauthornorthepublisherisengagedinrenderinglegal,financial,accountingorotherprofessionalservices.NeitherTLManage,Inc.northeauthorassumesanyliabilityresultingfromactionstakenbasedontheinformationincludedherein.Mentionofapersonoracompanynamedoesnotconstituteendorsements.Reproductionortranslationofanypartofthisworkbyanymeans,electronicormechanical,includingphotocopying,beyondthatpermittedbytheCopyrightLaw,withoutthepermissionofthepublisher,isunlawful.3FindingAndUsingSampleFinancialStatementsWhenit
正在加载中，请稍后...Three Major Accounting Statements Essay - 315 Words
Three Major Accounting...
Three Major Accounting Statements
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Billionaire Warren Buffet once said, “In the business world, the rearview mirror is always clearer than the windshield.” That’s exactly what the three key financial keys are: the rearview mirror.
The income statement, the balance sheet, and the statement of cash flows all combine to show exactly what happened in the past.
The income statement is a report generated to show the profitability of the company. It shows sales less expenses during a specified period of time.
It is prepared in such a way that the profit after each expense can be determined easily.
For example, on page 27 of our book is the Income Statement for Kramer Corporation.
You can clearly see that the profit after Cost of Goods sold is $500,000, even though the report brings actual profit down to $100,000 after further expenses are deducted.
The Balance Sheet is a statement of accounts that basically shows on a particular day what total assets and total liabilities plus owner’s equity is. The balance sheet is cumulative of all transactions that have occurred prior to the generation of the report – it is essentially a snapshot of the accounts, and is not targeted to a specified period of time like the income statement.
From the Balance Sheet, one can determine the net worth of a company.
Lastly, the Statement of Cash Flows reflects Net increase or decrease in cash after adjustments.
It helps clarify what may be considered as inconsistencies on the Income Statement.
On page 34, the book tells us that if a company recognizes a $1 Million profit transaction on the Income Statement that it may not receive payment for during the year, the report would be overstated.
By using the Statement of Cash Flows in conjunction with the other two reports, one can make the visual connections necessary for determining where the company’s money really is.
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There are four basic financial statements: balance sheet, income statement, retained earnings statement, and statement of cash flows.
These financial statements would include an overview of the assets, liabilities, expenses, and revenues of the business. Financial
statements are useful not o such as managers and employees, but al such as investors and creditors to communicate the company’s respective accounting information.
“The balance sheet reports assets and claims to assets at a specific point and time. Claims to assets are subdivided into two categories: claims of creditors and claims of owners” (Kimmel, Weygandt, & Kieso, 2011, p. 13).
The claims of creditors are also known as liabilities, which are funds owed, and assets are the items that a company has or owns. The balance sheet is helpful to managers and employees to have a clear picture of the reported time period and creditors use this report to determine repayment of funds borrowed.
“The income statement reports the success of failure of the company’s operations for a period of time” (Kimmel, Weygandt, & Kieso, 2011, p. 11-12). This statement is also referred to as a profit and loss report...
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To maintain this fundamental truth that the value of the net assets of the business must be equal to the value of the owners equity, Luca introduced the concept that the net assets side of the equation would be represented as Debere (Debits = funds owed to the owners) and the owners equity side would be represented as Credere (Credits = funds entrusted).
Consequently, he could also see that financial activities that caused net assets to increase should be debited (more funds owed to the owners) and credited if decreased (less funds owed to the owners). The same principle applies to the owners equity side. An increase in owners equity would be credited (more funds entrusted in the business) and a decrease debited (less funds entrusted in the business).
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The balance sheet will illustrate and specify the company financial situation showing the debt, assets on a specific date. Other data on the balance sheet is the company assets, shareholders equities, and liabilities (Homgren, Sundem, Stratton, Burgstahler, & Schatzberg, 2008).
A company needs to prepare balance sheet and a income statement to ensure a accurate financial statement.
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...Pr. 23-128—Statement of cash flows (indirect method).
The net changes in the balance sheet accounts of Keating Corporation for the year 2011 are shown below.
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Accounts receivable 83,200
Allowance for doubtful accounts
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Investment in subsidiary (equity method)
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Accounts payable 80,700
Accrued liabilities
Deferred tax liability 15,500
8% serial bonds
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Retained earnings—Unappropriated
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1. On January 2, 2011 short-term investments (classified as available-for-sale) costing $121,000 were sold for $155,000.
2. The company paid a cash dividend on February 1, 2011.
1. Two primary external users of accounting information are investors and creditors.
2. The economic resources that are owned by a business are called stockholders' equity.
3. Net income for the period is determined by subtracting total expenses and dividends from revenues.
4. The heading for the income statement might include the line “As of December 31, 20xx.”
5. Net income is another term for revenue. FALSE
primary purpose of the statement of cash flows is to provide information about the cash receipts and cash payments of a company for a specific period of time.
7. The balance sheet reports assets and claims to those assets at a specific point in time.
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12. A liability is classified as a current liability if it is to be paid within the coming year.
13. Stockholders' equity is divided into two parts: common stock and retained earnings.
14. The retained earnings statement describes the changes in retained earnings during the...
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