Conceptual Framework of Financial Reporting by Business Enterprises (Mol. 2)

Question 1

The general rule to convert from cash to accrual is

Answer 1

add the beginning liability balances and subtract the ending liability balances: also subtract the beginning asset balances and add the ending asset balances.

Question 2

現金基礎轉權責基礎, 應收應付

Answer 2

期末 - 期初

Question 3

現金基礎轉權責基礎, 預收預付

Answer 3

期初 - 期末

Question 4

which financial statement would a potential investor use primarily to assess the company’s liquidity and financial flexibility?

Answer 4

Balance Sheet