一级前导财务分析一页版

Courseof CFAFRMCPA网课和纸质书加WX：biguo666999保障更09新CFAFRMCPA网课和纸质书加WX：biguo666999保障更TopicWeightingsinCFALevelSession StudySessionEthicalandProfessionalStudySession2-tativeStudySession4-StudySession6-FinancialReportingandStudySession10-Corporate7StudySessionPortfolio76StudySession13-StudySession15-FixedStudySession56StudySessionAlternative4609新CFAFRMCPA网课和纸质书加WX：biguo666999保障更

R21:FinancialStatement AnIntroductionR22:FinancialReportingR27:R29:e

R23:UnderstandingtheR24:UnderstandingtheR25:UnderstandingtheR26:Financial R32:Financial ysis:09新CFAFRMCPA网课和纸质书加WX：biguo666999保障更IntroductioncourseofFRA

IntroductionofThreepillarsinThreefinancialFlowofinformationinanaccountingsystemFinancial 09新CFAFRMCPA网课和纸质书加WX：biguo666999保障更FinancialReporting 09新CFAFRMCPA网课和纸质书加WX：biguo666999保障更WhatisAccountinghasbeendescribedThelanguageofAnmunicationAprocessofidentifying,measuring,recording,communicating yzingandinterpreting)financialinformationtoassistuserstomakeeconomicdecisions.09新CFAFRMCPA网课和纸质书加WX：biguo666999保障更UsersoffinancialaccountingFinancialaccountinghasvaluebecausetheinformationitproducesisusedinavarietyofways.Usersincludemanagers,investors,bankers,financialystsandmanyothers.Suchpeoplestudyaccountingtolearnhowtouseinformationeffectivelyanddotheirjobsbetter.Foraccountants,thisinformationisessentialtotheservicestheyprovide.UsedbymanagementinmakingbusinessThefollowingexamplesillustratetheimportanceaccountingnumbershaveonmanagementdecisionstocontractandexpandthebusiness,whichinturnaffectsemployees,rs,contractorsandtheeconomy.Usedbyshareholdersfordecision-makingBothgoodandbadaccountingnewsoftenhasabigimpactonthesharemarket.09新CFAFRMCPA网课和纸质书加WX：biguo666999保障更UsersoffinancialaccountingUsedbyboardsintakeoverAccountingnumbersareusedtodecidewhichcompaniestomaketakeoveroffersfor,toconvinceshareholderstoaccepttheoffer,andbydefendingboardstotrytostopthetakeover.UsedbybankersandothercreditorBankersuseaccountingnumberstodecidewhethertolend,todeterminethelevelofriskandoftentheinterestratetocharge.UsedbycorporateboardsinrewardingandremovingMostexecutivecompensationschemesincludeperformancebonusesandaccountingnumbersarekeycomponentsoftheseperformance09新CFAFRMCPA网课和纸质书加WX：biguo666999保障更FundamentalprinciplesforpreparingGeneralfeaturesforpreparingfinancialGoingconcernGoingconcernbasisassumesthefirmwillcontinueitsoperatingactivitiesunlessitismandatedtoliquidate.AccrualbasisofExceptcashflowstatement,allotherfinancialstatementsarepreparedunderanaccrualbasisofaccounting.FairFaithfulreportofeffectsoftransactions,eventsandconditionscomplyingwiththedefinitionsandrecognitioncriteriaforfinancialelementssetinframework.MaterialityandAllmaterialclassshouldbedisclosedandsimilaritemshouldbegrouped,whiledissimilaritemsshouldberecordedinseparateclass.109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新FundamentalprinciplesforpreparingGeneralfeaturesforpreparingfinancialComparativeComparativeinformationofpreviousperiodshouldbedisclosedforallamountsreportedinthefinancialstatements.Itemsarepresentedandclassifiedinsamemannersfromoneperiodtothenext.NoUnlessgettingpermissionfromIFRS,assetscannotoffsetliabilities,andrevenuescannotoffsetexpenses.ReportingFirmmustissuefinancialreportsatleast109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新Financialreporting&TheroleoffinancialreportingistoprovideinformationaboutFinancialFinancialChangesinfinancialpositionofanTheinformationisusefultoawiderangeofusersinmakingeconomicTheroleoffinancialreportingysisisUserelevantinformationinandoutsidea’sfinancialSoastoevaluatetheprevious,present,andfuturefinancialconditionoftheentityformakingeconomicdecisions.109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新FinancialFinancialposition Thebalancesheet Thee

ChangeinfinancialThecashflowAssets=liabilities+owner'sequity

Net

OperatingcashInvestingcashFinancingcashNetcashinfloworoutflowforthefinancialyearThestatementofchangesinowner’s109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新BalanceBalanceBalancesheet(statementoffinancialposition,statementoffinancialcondition)reportsthefirm‘spresentfinancialpositionatapointofAssets:thefirm’scontrollableresourcegeneratingpotentialLiabilities:afirm’sobligationstoOwner’sequity:residualclaimofshareholdersonthe’sassetsafterrepayingalltheliabilities.FundamentalaccountingAssets=Liabilities+Owners'109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新eeTheestatement(statementofoperations,profitandstatement)presentstheresultsofa ’sperformanceduringaperiodoftime.Revenuesareinflowsgeneratedfromafirm’sordinarybusinessactivities,includingdeliveringorproducinggoods,renderingservices,orotheractivities.Expensesreflectoutflows,depletionsofassets,andincurrencesofliabilitiesthatdecreaseequity.Othereincludesgains,whichmayormaynotariseintheordinaryactivitiesofthebusiness.109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新CashflowCashflowDisclosethecashinflowsandoutflowsofthefirmduringaperiodofoperatingtime.Operatingcashflowscontainscashreceivedandexpensedrelatingwithroutinebusinessactivities;Investingcashflowsarecashflowsduetotheacquisitionorsalelong-termassets,suchasproperty,nt,andequipment,asubsidiaryorsegment,securities,andofinvestmentsinotherfirms;Financingcashflowsarecashflowsduetoretiringorobtaining109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新FinancialstatementFinancialstatementelementsaremajorOwners'Accountsrecordspecificbusinesstransactionswithineachelement.Accountsaresummarizedandgroupedproperlyinrelativefinancialstatementelements;ChartofaccountincludesfarmoredetailsthanthosepresentedinfinancialContraaccountspresentsentriesthatoffsetordeductedfromsomepartthevalueofanother109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新Financialstatementelements-Cashandcashequivalents:securitieswithmaturitiesof90daysorAccountsreceivable:ownedbyitscustomersforproductsandalreadyContraaccount:allowanceforbaddebtFinancialassets:suchasmarketablePrepaidexpenses:anormaloperatingexpensethathasbeenpaidinadvanceofwhenitisdue;Property,nt,andContraaccount:accumulatedInvestmentinInvestmentproperty:propertyusedtoearnrentaleand/orcapitalIntangibleassets:assetsthatdonothavephysicalContraaccount:accumulatedamortization,exceptfor109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新Financialstatementelements-AccountspayableandtradeFinancialliabilitiessuchasshort-termnotesUnearnedrevenue.Cashreceivedfromcustomerswithrevenuesnotyetearned;Accruedliabilities(expense).Liabilitiesrelatedtoexpensesthatbeenincurredbutnotyet etaxespayable.ThetaxesaccruedduringthepastyearbutnotyetLong-termdebtsuchasbondsDeferredtax109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新Financialstatementelements-owner’sOwners’equity(residualclaim/netCapital:parvalueofcommonAdditionalpaid-incapital:theamountcollectedfromthanproceedsfromparRetainedearnings:cumulativenetethathasnotbeendistributedasOthercomprehensiveChangesresultingfromforeigncurrencyMinimumpensionliabilityUnrealizedgainsandlossesfromcashflowhedgingUnrealizedgainsandlossesfromavailable-for-(SolelyforIFRS)changesinthevalueinexcessofhistoricalcostoflonglivedassetsmeasuredusingtherevaluationmodelratherthanthecostmodel.109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新Financialstatementelements-CostofgoodsSelling,general,andadministrativeexpenses:theseincludesuchexpensesasadvertising,managementsalaries,rent,andutilities;Depreciationandamortization:thedistributedamountofsomefixedassetsovertheirlifetime;InterestLosses:assetoutflowsnotdirectlyrelatedtoordinary109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新FinancialReporting 109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新ThreepillarsinPillar1:HistoricalMeasuredathistoricalPillar2:AccrualRecognizedonbasisofaccrualPillar3:DoubleentryRecordedonbasisofdouble109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新Pillar1:historicalHistoricalcostissimplytheamountofcashorcashequivalentspaidtopurchaseanasset,includinganycostsofacquisitionand/orpreparation.Iftheassetwasnotboughtforcash,historicalcostisthefairvalueofwhateverwasgiveninordertobuytheasset.Whenreferringtoliabilities,thehistoricalcostbasisofmeanstheamountofproceedsreceivedinexchangeforthe109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新Pillar1:historicalComparisonsofdifferentattributesofHistoricalTheamountoriginallypaidfortheAmortizedHistoricalcostadjustedforaccumulateddepreciation,amortization,depletion,andimpairment.CurrentTheamountthefirmwouldhavetopaytodayforthesameRealizableTheamountforwhichthefirmcouldsellthePresentThediscountedvalueoftheasset'sexpectedfuturecashFairTheamountatwhichtwopartiesinanarm's-lengthtransactionwouldexchangetheasset.109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新Pillar1:historicalNotconsistentwithmarketHardtomeasureintangible109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新Pillar2:accrualAccrualAfundamentalprincipleofaccrualaccountingisthatrevenuerecognized(reportedontheestatement)whenitisearned,so’sfinancialrecordsreflectrevenuefromthesalewhentheriskandrewardofownershipistransferred;ThisisoftenwhenthedeliversthegoodsorCashRevenueandexpensearerecognizedwhenrelatedcashisreceivedandpaid,whichcoincidewiththereceiptorpaymentofcash.109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新Pillar2:accrual1.a.Provideservicefor100,alreadycollectedb.Receiveaccountreceivablec.Unearnedrevenuea.Payelectricityfee10forthisb.Prepaidinsurancefee120forwholec.Accruedemployee’swagepayabled.Payinterestpayable3.-109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新Pillar2:accrualGoods/Goods/Goods/service Goods/servicesUnearnedUnearnedCashreceivedinPrepaidCashpaidinAccruedAccruedCashreceivedinAccruedCashpaidin109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新Pillar2:accrualNorevenueAAnNoexpenseAn A109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新Pillar3:doubleentryDouble-entryTobalancetheaccountingequationforeverysingletransaction,arecordedactivityneedtoaffectatleasttwoaccounts.Anincreaseinanassetaccountmustbebalancedbyadecreaseinanotherassetaccountorbyanincreaseinaliabilityorowners'equityaccount;Viseversa.Adecreaseinanassetaccountshouldbecoveredbyeitheranincreaseinanotherassetaccountorbydecreaseinaliabilityorowners’equityaccount.109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新Example:dayPracticeExample:day$Purchase500unitsgoodstosellat$4Sales3unitsgoodsonaccountatSales2unitsgoodsoncashat109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新Practice Accountsreceivable

109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新Practice$$Accounts109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新ee$Costofgoodssoldinventories(495$Net Balance$ccountsetainedotalequityand109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新PracticeAccruedexpenses(accruedliabilities)expensesthathavebeencreatedwhenanotherliabilityisexpensesthathavebeenreportedontheestatementbutnotyetCorrectAnswer:Accruedliabilitiesareexpensesthathavebeenreportedona’sestatementbuthavenotyetbeenpaid.109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新PracticeWhichofthefollowingleastaccura ydescribesacorrectuseofdouble-entryaccounting?Adecreaseinaliabilityaccountmaybebalancedbyadecreaseinanotherliabilityaccount.AtransactionmayberecordedinmorethantwoAnincreaseinanassetaccountmaybebalancedbyanincreaseinanowner’sequityaccount.109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新PracticeCorrectAnswer:Tobalancetheaccountingequationforeverysingletransaction,arecordedactivityneedtoaffectatleasttwoaccounts.Anincreaseinanassetaccountmustbebalancedbyadecreaseinanotherassetaccountorbyanincreaseinaliabilityorowners'equityAdecreaseinanassetaccountshouldbecoveredbyeitheranincreaseinanotherassetaccountorbydecreaseinaliabilityorowners’equityaccount.109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新PracticeTheconsiderationpaidtoacquireanassetmostcloselydescribeswhichmeasurementoffinancialstatementelements?CurrentHistoricalRealizableCorrectAnswer:Historicalcostistheconsiderationpaidtoacquirean109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新FinancialReporting 109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新BalancesheetformatandProvideprobablefutureeconomicbenefitscontrolledbyanentityasaresultofprevioustransactions;CurrentandNon–currentassets(Long–livedAreobligationsowedbyanentityfromprevioustransactionsareexpectedtoresultinanoutflowofeconomicbenefitsintheCurrentandNon–currentliabilities(Long–termStockholders’IstheresidualinterestinassetsthatremainsaftersubtractingaRecognizeafinancialtransactionProbableeconomicinflowReliablemeasurementsofcostor109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新AlternativeformatsofB/SClassifiedbalanceUnderIFRSandU.S.GAAP,firmsshoulddistinguishbetweencurrentandnoncurrentassets(liabilities);Withseparayclassifiedcurrentandnon-currentassetsandLiquidity-basedpresentations(underIFRSListedallassetsandliabilitiesbyUsedwhenresultinginmorerelevantandreliable109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新BalancesheetformatandAccount

X Totalequityand Reportformat-classifiedbalanceNon–currentXXXEquity&XNon–currentXXX109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新BalancesheetformatandCashandintheorderofliquidityAccountsPrepaidShort–termOthercurrentProperty,ntandequipmentIntangibleLong–termDeferredtaxPension109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新BalancesheetformatandBankIntheorderorderbyamountIntheeventofAccountsAccruedUnearnedThecurrentportionoflong–termCurrenttaxeslong–NotesBondsCapital/FinancialleasePensionDeferredtax109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新BalancesheetformatandStockholders’Commonstock,preferredCapitalinexcessofpari.e.Stockrepurchasedbytheissuingfirmbutnotyetretired.Novotingrights,nodividendNete–AccumulatedothercomprehensiveeUnrealizedgainsandlossesfromcashflowhedgingUnrealizedgainsandlossesfromavailable-for-sale(SolelyforIFRS)changesinthevalueinexcessofhistoricalcostoflonglivedassetsmeasuredusingtherevaluationmodelratherthanthecostmodel.Minorityinterest/Non-controllinginterestGroup109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新estatementNete=(revenues-ordinaryexpenses)+(othere-other+(gains–Revenues(sales)aregeneratedfromsellinggoodsorserviceinbusinessNetrevenue=revenue-adjustments(e.g.,cashdiscounts,volumediscounts,orestimatedreturns);Warrantiesprovidedbyfirmswillbeexpensed(warrantyexpenses)whenincurred.Expensesaretheamountsincurredtogeneraterevenue,suchasCOGS,operatingexpense,interestexpense,etc.ByDepreciationexpensesaredisyedinoneaccountregardlessofwhethertheycomefrommanufacturingoradministration.Byfunction(costofsalesCostofgoodssoldiscomposedofallmanufacturingcosts,such109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新rawmaterials,depreciation,labor,estatementNete=(revenues-ordinaryexpenses)+(othere-other+(gains–GainorMayormaynotresultfromordinarybusinessGain(loss)willincrease(reduce)economicE.g.sellingoffixedassets:thedifferencesbetweenasset’scarryingvalueandthesalepricewillbereportedasgains(losses)inthee109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新estatementformatandFormatsforeSingle-format:allexpensesaregroupedafterallMulti-format:containasubtotalknownasgrossSubtotals(requiredtobepresentedunderGrossprofit/margin=Revenues-TheresidualamountafterdirectcostsandexpensesarefromOperatingprofite/EBIT=grossprofit-operatingOperatingexpenses:selling,general,administrative,andresearchanddevelopmentexpenses.Operatingereflects 'sprofitsonitsusualBeforedeductingBeforedeductinginterestexpense(fornon-financial109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新estatementformatandNetrevenuesfromSalesofgoodsandservices–Costofgoodssold/CostofserviceprovidedGrossprofitOtheroperatingExpenses(SG&A)Operatingefromcontinuingoperations+Othereand ebeforeinterestandtaxesfromFinancingCostsRecurring(pretax)efromcontinuing+/–UnusualorInfrequentItemsPretaxefromContinuingOperationseTaxExpenseNetefromContinuing+/–efrom Operations(netof+/–ExtraordinaryItems(netofNet 109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新estatement—Unusualorinfrequentitems(nonrecurringReported“abovetheline”andpresentedonapretaxG/LfromthesaleofassetsorpartofaImpairments,write-offs,write-downs,andrestructuringExtraordinaryitems(presentedonnetofLossfromexpropriationofGainsorlossesfromearlyretirementofUninsuredlossesfromnatural operations(presentedonnetof

IFRSprohibit.USGAAPnolongerincludeafterDec.15,2015.Whena disposesoforestablishesantodisposeofoneofitscomponentoperationsandwillhavenofurtherinvolvementintheoperation,theestatementreportsseparaytheeffectofthisdisposalasa"dis"operationunderbothIFRSandUSGAAP.AccountingchangesChangeinaccountingprinciple(mightbeChangeinaccountingestimate(prospectiveandnotabelowlineError

109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新ThecashflowThecashflowstatement(cashaccounting):thecashflowstatementprovidesInformationofcashreceiptsandcashpaymentsduringaInformationofoperating,investing,andfinancingStatementofimpactofaccrualaccountingeventsoncashItemsonthecashflowstatementcomefromtwoestatementChangesinbalancesheetaccounts + + =△Cashforthecurrentfiscal +Beginningcash =EndingcashNoncashactivitiesarenotreportedinthecashflow109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新TypesofcashCashflowfromoperatingactivitiesOperatingactivitiesincludethe’sday-to-dayactivitiesthatcreaterevenues,suchassellinginventoryandprovidingservices,andotheractivitiesnotclassifiedasinvestingorfinancing.CashflowfrominvestingactivitiesInvestingactivitiesincludepurchasingandsellinglong-termassetsandotherinvestments.CashflowfromfinancingactivitiesFinancingactivitiesincludeobtainingorrepayingcapital,suchasequityandlong-termdebt.109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新ClassificationofbusinessOperatingActivitiesthatarepartoftheday-to-daybusinessfunctioningofanExamples:thesaleofmealsbyarestaurant,thesaleofservicesofconsultingfirm,InvestingActivitiesassociatedwithacquisitionanddisposaloflong-termExamples:thepurchaseofequipmentorsaleofsurplusequipmentbyarestaurant,andthepurchaseorsaleofanofficebuilding,aretailstore,orafactory.FinancingActivitiesrelatedtoobtainingorrepayingTwoprimarysourcesforfundsareowners(shareholder)orExamples:issuingcommonshares,andissuing109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新TypesofcashU.S.GAAPcashflowCFO:cashinflowsandoutflowsthataffectsfirm’snet-CashcollectedfromCashpaidtoemployeesandSaleproceedsfromtradingAcquisitionoftradingCashpaidforotherexpensesPurchasetradingInterestInterestDividend109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新TypesofcashU.S.GAAPcashflowCFI:cashinflowsandoutflowsregardingwithlong–termassetsand-SaleproceedsfromfixedAcquisitionoffixedSaleproceedsfromdebt&equityAcquisitionofdebt&equityPrincipalreceivedfromloansmadetoLoansmadeto109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新TypesofcashU.S.GAAPcashflowCFF:cashinflowsandoutflowsduetochangesincapital-PrincipalamountsofdebtPrincipalpaidonProceedsfromissuingPaymentstoreacquireDividendspaidto109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新TypesofcashU.S.InterestCFOorInterestCFOorDividendsCFOorDividendsCFOorCFO,CFIorBankCashEncouragedirectmethod,butallowsindirectmethod.Ifdirectmethodpresented,footnotesmustalsobeprovidedoftheindirectEncouragedirectbutpermitseitherIFRSpermitsmoreflexibilityinreporting**Directmethodis

109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新Accounting 109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新AccountingAccountingThebasicaccountingequationistherelationshipamongthethreeelementsonB/SAssets=Liabilities+Owners'ExpandedaccountingOwners'equity=capitalcontributedbythefirm'sowners+cumulativeearningsretained.Owners’=ContributedCapital+RetainedAssetsAssets=+Contributed+Endingretained109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新AccountingAccountingEndingretainedearnings=Beginningretained +Nete–Nete=Revenue–AssetsAssets=+Contributed+Beginningretained+109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新RelationshipsamongtheI/S,B/S,

CurrentNon–currentassets(Long-livedCurrentNon–currentliabilities(Long-termliabilities)Additionalpaid-inRetainedOthercomprehensiveInvestmentCostofgoodOther

Thee

Assets=liabilities+owner’sOwner’sequity=Contributedcapital+Beginningretained+Nete(currentDividend(current+OthercomprehensiveRevenue–expenses=nete(currentyear) 109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新PracticeResourcesprovideprobablefutureeconomicbenefitscontrolledbyanentityasaresultofprevioustransactions:CorrectAnswer:Assetsprovideprobablefutureeconomicbenefitscontrolledbyanentityasaresultofprevioustransactions.109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新PracticeEquityEquityAssets–Liabilities–Assets.Assets+Liabilities.CorrectAnswer:Assets=Liabilities+Equityand,therefore,Assets–Liabilities=109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新PracticeAllAllofthefollowingarecurrentassetsCorrectAnswer:Goodwillisalong-termasset,andtheothersareallcurrent109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新PracticeTheitem“retainedearnings”isacomponentshareholders’CorrectAnswer:Theitem“retainedearnings”isacomponentofshareholders’109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新PracticeExpensesontheestatementmaybegroupedNature,butnotbyFunction,butnotbyEitherfunctionorCorrectAnswer:IASNo.1statesthatexpensesmaybecategorizedbyeithernatureor109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新PracticeWhichofthefollowingstatementwillbeincludedina’soperatingexpensereportedintheeDepreciationInterestCorrectAnswer:Depreciationexpensecanbeincludedinthecomputationofoperatingexpenses,whileinterestexpenseisafinancingcost.109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新PracticeThesaleofabuildingforcashwouldbeclassifiedaswhattypeofactivityonthecashflowstatement?CorrectAnswer:Purchasesandsalesoflong-termassetsareconsideredinvestingactivities.Notethatifthetransactionhadinvolvedtheexchangeofabuildingforotherthancash(forexample,foranotherbuilding,commonstockofanother ,oralong-termnotereceivable),itwouldhavebeenconsideredasignificantnon-cashactivity.109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新FinancialReporting 109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新FlowofinformationinanSourcesSources Daybooks/General

GeneralGeneral 109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新FlowofinformationinanaccountingInformationflowsthroughanaccountingsysteminfourJournalentriesrecordallthetransactions,classifyingthemintorelatedaccountintheorderoftheirdatesandadjustingthespecificThegeneralledgerlistsalljournalentriesbytheirdatesandsortsentriesinthegeneraljournalbyaccount(分类账Aninitialtrialbalancepreparedattheendoftheaccountingperiodshowstheamountineachaccount;Anadjustedtrialbalancerecordsadjustmentattheendoftheperiodthatchangestheamountintheaccountslistedininitialtrialbalance;Theaccountbalancespresentedinadjustedtrialbalancearethenpresentedinfinancialstatements.109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新Case starts2015withonlytwoaccountbalances:Cash$10;ShareCapital$10.Thefollowingtransactionsoccurredduring2015.CreditsalesforservicesReceivedcashfromaccountsreceivablePaidwagesof$50andotherexpensesofAdjustingentry-Atyear-endtherewasanunpaidelectricitybill109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新General Accounts General Accounts Sales–Service Accounts Other Electricity Accounts/Other 1 Electricity Accounts/Other Casestudy—postingtotheledger

Bal.b/d 10(c)Account 60Bal.

Other Bal. Account 80 Bal. Bal. Sales-Service Accounts 109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新Casestudy—postingtotheledger Other 1ElectricityAccounts Accounts/OtherElectricity ShareBal. 109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新Casestudy—prepareatrial AccountsAccounts/Other5ShareSales–ServiceWagesElectricity5Other109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新$$Casestudy—preparingclosing$$Sales–ServiceProfitandProfitandWagesElectricityOther5ProfitandRetained109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新Post-ClosingTrial$$CasePost-ClosingTrial$$AccountsAccounts/OtherShare5Retained109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新Casestudy—prepareaneeStatementfortheyearofSales–ServiceOperatingWagesElectricity5OtherNetPlusopeningretained0Lessdividend0Closingretained109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新Casestudy—prepareabalanceBalanceSheetStatementatDecemberAccountAccount5Shareholders’ShareRetainedTotalLiabilitiesandShareholders’109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新Casestudy—prepareastatementofcashStatementofcashflowsfortheyearofCashfromPaymentstoemployeesOtherpaymentsforNetchangein0CashatthebeginningoftheCashattheendof109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新FinancialReporting 109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新Common–sizeCommon–sizeestatementaccountCommon–sizebalancesheetaccounttotalCommon–sizecashoutflow

cashflowstatementaccountcashinflow109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新RatioandratioCategoriesofProfitabilityratio–abilitytogenerateActivityratio–efficiencyinusingassetstogenerateLiquidityratio–abilitytopayshort–termSolvencyratio–abilitytopaylong–temValuationratio–ysisforinvestmentincommon109新CFAFRMCPA网课和纸质书加WX：biguo666999保障更新ProfitabilityAfirm’sabilitytogenerateNetNetLess:GrossLess:operatingOperatingprofitLess:EarningsbeforeLess:earningsafterPlus/less:belowthelineitemsadjustedfortaxNeteLess:preferenceeavailabletocommonTotalcapital=Total=Short–termdebtLong-termdebt+Commonequity+Preferredequity109新CFAFRMCPA网课和纸质书