Export Business Finance

Satisfactory Essays
Export Finance
EXBUFIN

Export Finance
EXBUFIN

TXM01
TH 18:00-19:30 B410
TXM01
TH 18:00-19:30 B410

5/23
Financial Statement (F/S)

Balance Sheet : B/S (대차대조표) 어느 일정 시점에서의 재정상태(Financial Position)을 나타내고있다.
자산(Assets)과 부채(Liabilities) 그리고 자본(Owner’s Equity)
Assets=Liabilities +Owner’s Equity | Beginning Inventory | + | Inventory Purchases | | Cost of Goods Manufactured | - | Ending Inventory | | Cost of Goods Sold |

Income Statement : P/L (손익계산서) 일정 기간의 경영성적(Operation Results)을 나타내고있다. 수익(Revenues)과 비용(Expenses) 그리고 당기순이익(Net Income) Net Income=Revenue-Expenses | Operating Income | - | Interest Expenses | | Income before Tax | - | Tax | | Net Income After Tax |

Statement of Cash Flow : C/S (현금흐름표) 회계기간의 현금 유출입을 나태나는것, 경영활동의 종류별로 분류. Operating Activity Investing Activity Financing Activity

5/20
Exercise
On January 1, 2012, Mr.Z established Con-air Co. (trading firm engaged in buying and selling of airconditioner), with and initial capital of P50,000 cash. Aside from the cash, the company had three brand new airconditioners each costing P10.000, and a vehicle amounting to P20,000 (yearly depreciation at 4,000 by the end of the calendar year)

During the year, Con-air Company was able to sell 2 airconditioners each amounting to P30,000. Transaction were 50% cash, the balance to be paid three months after December 31, 2012. Aside from depreciation, the company also spent P5,000 as selling expenses.

Assuming no income taxes will be deducted, construct the following: 1) Balance sheet as of January 1, 2012 2) Income Statement for the year ended Dec. 31, 2012; and 3) Balance sheet as of December 31,2012

B/S | Jan 1 | Dec 31 | | I/S | | Cash | 50,000 | 75,000 | | Sale | 60,000 | A/R | - | 30,000 | | CGS | 20,000 | Inv | 30,000 | 10,000 | | Gross Profit | 40,000 | Equipment | 20,000 | 16,000 | | Oper Exp | | Total Assets | 100,000 | 131,000 | |

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