Review of Chap.11-14 2009.05.29

Review of Chap.11-142009.05.29

Statement of cash flows 现金流量表 • Provides info about cash flows associated with the period’s operations and investing and financing activities. 提供某段时期的经营、投资和筹资活动的现金流 • Numbers on cash flow statement are objective: cash is cash. 现金流量表中的数字是客观的：现金就是现金 • Eliminates judgments and estimates involved with accrual accounting and the income statement and balance sheet. 消除用权责发生制编制IS和BS的估计和判断

Statement of Cash Flows:2 Categories of Activities现金流量表中的2类经济活动 • Sources = activities that generate cash. 来源=产生现金的经济活动 • Uses = activities that involve spending cash 运用=使用现金的经济活动

Statement of Cash Flows: Categories Required by GAAP • Operating activities 经营活动 • Investing activities 投资活动 • Financing activities 筹资活动

2 Approaches to Presenting Cash Flows from Operating Activities经营活动中2种表达方法 • Direct method. 直接法 • Indirect method. 间接法

Operating Activities: Summary经营活动小结 由净收益计算经营现金流折旧费用递延税增加应收款减少存货减少预付款减少应付款增加处置损失折旧费用递延税减少应收款增加存货增加预付款增加应付款减少处置收益净收益经营活动净现金流

Preparation of the Cash Flow Statement 现金流量表的编制 See p271 表11-6

Summary of Cash Flow Statement现金流量表小结 • Adjust net income to CF from operating activities (as discussed earlier). 调整净收益形成CF的经营活动现金流 • Identify investing activities. (Don’t include portions of acquisitions financed by a liability.) 识别投资活动 • Identify financing activities. (Don’t include conversion of convertible securities.) 识别筹资活动 • Sum three sections, add to beginning cash balance to determine ending balance. 汇总三个部分，加上期初现金得到期末现金

Analysis of Cash Flow Statement现金流量表的分析 • Sources and uses calculated as a percent of total sources. 现金实现比率

Illustration 13-1 factors affecting return in investment See p317 图13-1 *numbers based on 2006 data in F company

Summary of Ratio 比率小结 See p322-323 表13-2

Types of Opinions 意见种类 • Clean opinion: Financial statements materially conform with GAAP. 无保留意见：财务报表符合GAAP • Qualified opinions because of:保留意见产生的原因 • Lack of consistency.缺乏一致性 • Existence of a major uncertainty.存在重大的不确定性 • Doubt as to the entity’s ability to continue as a going concern. 主体作为持续经营个体继续存在的能力受到怀疑 • Disclaimer: Unable to express an opinion. 拒绝表示意见：无法表达意见 • Adverse opinion: Material departure from GAAP. 反对意见：公司背离了GAAP

Notes to Financial Statements财务报表附注 • Integral part of financial statements. 财务报表的构成部分 • First note summarizes accounting policies. • Basis of consolidation, depreciation and inventory methods,…. 第一条概括了遵循的会计政策：合并基础，折旧方法，存货计价等 • Other notes:其他注释 • Details of long-term debt.长期负债 • Composition of inventory.存货的构成 • Reconciliation of book to federal tax rate. 对公司账面税率和联邦所得税率的差异进行调整 • Details of deferred taxes. 递延税的详细情况

Comparative Statements 比较报表 • Required in addition to current year’s: 除了本年度报表之外还包括： • Previous year’s balance sheet. 上一年的资产负债表 • Previous two years’ income and cash flow statements. 前两年的损益表和现金流量表 • Most companies include summaries of important financial info for past five or ten years. 许多公司年报中还包括过去5年或10年财务报表重要科目的汇总 • Only restated for specified changes in accounting principles. 对以前的年度报表中特素的变化进行重述

Review of Chap.11-14 2009.05.29