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15 Cards in this Set
- Front
- Back
Finacal Reporting
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provide a varietyof users with useful information about a company's performance and financial position.
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Balance Sheet
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The statement of financial position (财务报表) shows assets, liabilities, and owners' equity at a point in time.
assets = liabilities + owners' equity |
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Asset
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资产
The resources controlled by the firm |
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Liabilities
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负债
Amounts owed to lenders and other creditors |
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Owners' Equity
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股东权益
the residual interest in the net assets of an entity that remains after decuting its liabilities. |
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Income Statement
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利润表
it reports on the financial performance of the firm over a period of time. The elementsinclude: revenues--inflows from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations; expenses--outflows from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations; gains; losses; |
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Statement of Changes in Equity
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reports the amount and sources of changes in the equity owners'investment in the firm.
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Statement of Cash Flows
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shows the sources and uses of cash over the period.
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Management's Commentary
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contains an overview of the company and important information about business trends, future capital needs, liauidity, significnat events, and significnat choices of accounting methods requiring management judgment.
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Financial Statement notes
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Important information about accounting methods, estimates, and assumptions is disclosed in the footnotes to the financial statements and supplementary schedules. These discloures also contain information about segment results, commitments and contingencies, legal proceedings, acquisitions or divestitures, issuance of stock options, and details of employee benefit plans.
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Internal Control
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the processes by which the company ensures that it presents accurate financial statements
是公司确保其提供准确财务报表的程序 |
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Proxy Statements
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are issued to shareholders when there are matters that require a shareholder vote.
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Auditor's Opinion
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unqualified opinion (clean opinion)--statements are free from material omissions and errors.
qulified opinion--the statements make any exceptions to the accounting principles adverse opinion--the statements are not presented fairly or are materially nonconforming with accounting standards discaimer of opinion--the auditor is unable to express an opinion (e.g., in the case of a scope limitation) |
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Form 8-K
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a company must file to report events such as acquisitions and disposals of major assets or changes in its management or corporate governance.
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Form 10-K/Form 10-Q
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Companies' annual and quarterly financial statements that are filed with the SEC.
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