FA学霸笔记-Chapter 1 会计恒等式

会计恒等式

1) In the SOFP

Ÿ Assets = Liability + Equity

2) In the SOPL

Ÿ Income - Expense = Profit (最终转到资产负债表中的equity)

Ÿ Opening inventory+purchase-closing inventory=cost of sale COST/COS

3) 利润表和资产负债表的关系

对于sole trader 和partnership而言:

Ÿ Capital at year beginning + New capital + Profit this year /-loss - Drawings = Capital at year end

对于公司而言：

Ÿ Opening equity+new share issued+profit/-loss-dividend=closing equity

Asset: An asset is a present economic resource controlled by the entity as a result or past events.

An economic resource is a right that has the potential to produce economic benefits

Liability:A liability is a present obligation of the entity to transfer an economic resource as a result of past events

Equity:Equity is the residual interest in the asset of the entity after deducting all its liabilities

Income:Income is increases in assets or decreases in liability that result in increases in equity

Other than those relating to contribution from holders of equity claims

Expenses:Expenses are decreases in assets or increases in liabilities that result in decreases in equity,other than those relating to distributions to holders of equity claims