Review of Chap.11-14 2009.05.29

1. Review of Chap.11-142009.05.29

2. 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

3. 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

4. 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

5. 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

6. 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

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

8. 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

9. 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

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

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

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

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

14. 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

15. 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

16. 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