m中山大學管捏學院 经m00 BUSINESS SUN YAT-SEN UNIVERSIT Lesson 9 Financial statements ask eam of YJADAIEAML ACOUAVNAVA School of Business, Sun Yat-sen University
Lesson 9 Financial Statements Task Team of FUNDAMENTAL ACCOUNTING School of Business, Sun Yat-sen University
Outlines C A General view of Financial statements ◆ Income statement ◆ Balance sheet Q Statement of owners'equity ◆ A Simple illustration Task Team of FUndaMientalactoUntING Business Sehool. Sun Yatsen niversity
2 Outlines ⧫A General View of Financial statements ⧫Income statement ⧫Balance sheet ⧫Statement of owners’ equity ⧫ A Simple Illustration
Opening Story Show me the money! Cuba Gooding Jr uttered an immortal line in the movie Jerry Maguire, " Show me the money! Well, that is what financial statements do. They show you the money. ◆ The questions are: n Do they show you where a company's money came from? n Do they show you where it went, and where it is now n How accountants make all these ends satisfied? Task Team of FUndaMientalactoUntING Business Sehool. Sun Yatsen niversity 3
3 Opening Story Show me the money! Cuba Gooding Jr. uttered an immortal line in the movie Jerry Maguire, “Show me the money!” Well, that is what financial statements do. They show you the money. ⧫The questions are: Do they show you where a company’s money came from? Do they show you where it went, and where it is now. How accountants make all these ends satisfied?
General view of financial statements: GAAP Statement of financial Position balance Sheet). ◆ Income statement Q Statement of Cash Flows Task Team of FUndaMientalactoUntING Business Sehool. Sun Yatsen niversity
4 General View of Financial statements: GAAP ⧫Statement of Financial Position (Balance Sheet). ⧫Income Statement. ⧫Statement of Cash Flows
General view of financial statements; Stock vs Flow Q Stock/resources and obligations at a point in time d Balance sheet Q Flow/activity over a period of time n ncome statement O Statement of cash flows Task Team of FUndaMientalactoUntING Business Sehool. Sun Yatsen niversity 5
5 General View of Financial statements: Stock vs. Flow ⧫Stock/ resources and obligations at a point in time: Balance sheet. ⧫Flow/activity over a period of time: Income statement. Statement of cash flows