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

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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

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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

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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

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Operating Activities: Summary经营活动小结

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Preparation of the Cash Flow Statement 现金流量表的编制

See p271 表 11-6

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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

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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

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Illustration 13-1 factors affecting return in investment

*numbers based on 2006 data in F company See p317 图 13-1

Summary of Ratio 比率小结

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See p322-323 表 13-2

Summary of Ratio 比率小结

13-12

See p322-323 表 13-2

Summary of Ratio 比率小结

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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 GAAPQualified 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

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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

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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

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