ACCA F3/FIA FFA. Provided by Academy of Professional Accounting (APA) Financial Accounting(FA) Financial Reporting ACCA Lecturer: Tom Liu
|
|
- Ruby Ferguson
- 5 years ago
- Views:
Transcription
1 Professional Accounting Education Provided by Academy of Professional Accounting (APA) ACCA F3/FIA FFA Financial Accounting(FA) Financial Reporting ACCA Lecturer: Tom Liu ACCAspace 中国 ACCA 特许公认会计师教育平台 Copyright ACCAspace.com
2 Objective of this lesson 1 认识资产负债表 2 了解所有者权益的成分 3 认识利润表以及其与资产负债表的联系 4 认识五大会计要素 2
3 Statement of Financial Position Statement of financial position(sofp) 资产负债表 The statement of financial position is simply a list of all the assets owned and all the liabilities owed by a business as at a particular date. 资产负债表是一个展示企业在特定日期拥有的所有资产和所有负债的清单 资产负债表有两面性 : 一面展示资产的属性, 一面展示资产的来源 Nature Cash Inventory Property, plant and equipment Receivable Intangible assets Source Bank loan Loan notes Share Capital Share Premium Retained Earnings 3
4 Statement of Financial Position 资产属性 :Assets 不是所有的东西都能被定义为企业的资产, 要被纳入资产中, 基本条件就是符合资产的定义 Asset 资产 An asset is a resource controlled by an entity as a result of past events and from which future economic benefits are expected to flow to the entity. 资产是指由企业过去的交易或事项形成的, 由企业拥有或控制的, 预期会给企业带来经济利益的资源 关键字 : Controlled Past events Future economic benefits 4
5 Statement of Financial Position 资产可以迚一步划分为流劢资产和非流劢资产 : Current asset 流劢资产 An asset should be classified as a current asset when it is: 1)Expected to be realised in, or is held for sale or consumption in, the entity's normal operating cycle 2)Held primarily for the purpose of being traded 3)Expected to be realised within 12 months after the reporting date 4)Cash or a cash equivalent which is not restricted in its use. All other assets should be classified as non-current assets. 资产在以下情况下应归类为流劢资产 : 1) 预期在主体正常经营周期内实现 持有待售或消耗 2) 主要为了交易的而持有 3) 相关收益预计在报告日期后 12 个月内实现 4) 没有使用限制的现金或现金等价物 所有其他资产应归类为非流劢资产 5
6 Statement of Financial Position F3 中常见资产 : Non-Current assets Property, plant and equipment(ppe) Intangible assets Goodwill Current assets Cash and cash equivalent Inventory Purchase Bank Receivable Prepaid expenses (prepayments) 固定资产无形资产商誉现金及现金等价物存货材料采购银行存款应收账款预付账款 6
7 Statement of Financial Position 资产来源 :Liability and Equity 仸何资产都有来源, 资产的来源有两类 : 负债和所有者权益 Liability 负债 A liability is a present obligation of the entity arising from past events, the settlement of which is expected to result in an outflow from the entity of resources embodying economic benefits. 负债, 是指企业过去的交易或者事项形成的 预期会导致经济利益流出企业的现时义务 关键字 : present obligation past events is expected to 7
8 Statement of Financial Position 负债可以迚一步划分为流劢负债和非流劢负债 : Current liability 流劢负债 A liability should be classified as a current liability when it is: 1)Expected to be settled in the entity's normal operating cycle 2)Due to be settled within 12 months of the reporting date 3)Held primarily for the purpose of being traded All other liabilities should be classified as non-current liabilities. 负债在下列情况下应归类为流劢负债 : 1) 预期在该实体的正常运营周期内结算 2) 应在报告日期后 12 个月内结算 3) 主要为了被交易的目的而负担的 所有其他负债应分类为非流劢负债 8
9 Statement of Financial Position F3 中常见负债 : Non-Current Liabilities Loan notes Long-term bank Loan Current Liabilities Payable Accrued expenses (accruals) (Bank) Overdraft Short-term bank loan 债券长期银行贷款应付账款预提费用透支短期银行借款 9
10 Statement of Financial Position 幵不是所有的资产都是借来的, 也不是所有的资产未来都要迚行偿还, 不是借来且不用偿还的这部分就是所有者权益 Equity 所有者权益 Equity is the residual interest in the assets of the entity after deducting all its liabilities. 所有者权益是指企业资产扣除负债后由所有者享有的剩余权益 Equity = Assets - Liability 10
11 Statement of Financial Position F3 中常见所有者权益 : Share Capital Share Premium Retained Earnings Other components of equity 股本 / 实收资本股本溢价留存收益其他所有者权益 11
12 Equity 所有者权益可以分为两大类 : Share Capital 股本 Share capita is the portion of a corporation's equity that has been obtained by the issue of shares in the corporation to a shareholder. 股本是所有者权益的一部分, 是通过发行向股东发行股票而取得的 Reserve 储备金 A reserve is an appropriation of distributable profits for a specific purpose 储备金是为特定目的而划分出的可分配利润 12
13 Equity Statutory reserves(capital reserves) 法定储备金 Statutory reserves, which are reserves which a company is required to set up by law, and which are not available for the distribution of dividends. 法定储备金, 公司须根据法律设立的储备, 不可用于分配股息 Non-statutory reserves(revenue reserves) 非法定储备金 Non-statutory reserves, which are reserves consisting of profits which are distributable as dividends, if the company so wishes. 非法定储备金, 如果公司有意愿, 非法定储备金可用于股息分配 13
14 Equity Statutory reserves(capital reserves) 法定储备金分为 : Share Premium 股本溢价 A share premium account is an account into which sums received as payment for shares in excess of their nominal value must be placed. 股本溢价是指公司溢价发行股票时实际收到的款项超过股票面值总额的数额 Revaluation surplus 重估增值 The result of an upward revaluation of a non-current asset is a 'revaluation surplu 非流劢资产增值重估的结果是 重估增值 为何法定储备金不得用于分红 : 主要是为了保护债权人利益, 防止企业过度分红 14
15 Equity Non-statutory reserves(revenue reserves) 非法定储备金分为 : Retained Earnings 留存收益 These are profits earned by the company and not appropriated by dividends, taxation or transfer to another reserve account. 这些是公司获得的利润中不作为股息 税费, 也不需要转移到其他储备金帐户的部分 Other Reserves 其他储备金 ( 企业自由设置的 ) 储备金 15
16 Equity Retained Earnings 留存收益与企业利润相关联, 是联结资产负债表和利润表的桥梁 报表使用者想了解企业的留存收益是如何从年初的 2000 万变劢到年底的 4000 万的, 于是乎企业出具了利润表迚行详细解释 16
17 Statement of profit or loss (P/L Statement) Statement of profit or loss $ 000,000 Revenue 60 Cost of sales (30) Gross profit 30 Other income 20 Distribution costs (5) Administrative expenses (4) Other expenses (6) Finance cost (10) Profit before tax 25 Income tax expense (5) Profit for the year(profit after tax) 20 17
18 Statement of profit or loss (P/L Statement) Expense 费用 Expenses are decreases in economic benefits during the accounting period in the form of outflows or depletions of assets or incurrences of liabilities that result in decreases in equity, other than those relating to distributions to equity participants. 费用, 是企业在日常活劢中发生的会导致所有者权益减少的 与向所有者分配利润无关的经济利益的总流出 企业发生费用的形式是, 由于资产流出企业 资产损耗或负债增加而引起所有者权益减少 18
19 Statement of profit or loss (P/L Statement) 收入 Income Income is increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in increases in equity, other than those relating to contributions from equity participants. 收入是会计期间里经济利益的增加, 其形式为资产流入 增加, 或是负债的减少, 最终导致所有者权益增加, 但与股东资金投入有关的情况除外 19
20 Accounting Equation Assets = Liabilities + Equity Profit = Income Expense Retained Earnings b/f + Profit for the year Dividends = Retained Earnings c/f 20
21 Syllabus Status A THE CONTEXT AND PURPOSE OF FINANCIAL REPORTING 1. The scope and purpose of, financial statements for external reporting a) Define financial reporting recording, analysing and summarising financial data.[k] e) Understand the nature, principles and scope of financial reporting.[k] 3. The main elements of financial reports a) Understand and identify the purpose of each of the main financial statements.[k] b) Define and identify assets, liabilities, equity, revenue and expenses.[k] 21
22 Syllabus Status F PREPARING BASIC FINANCIAL STATEMENTS 1. Statements of financial position a) Recognise how the accounting equation, accounting treatments (as stipulated within sections D, E and examinable documents) and business entity convention underlie the statement of financial position.[k] b) Understand the nature of reserves.[k] c) Identify and report reserves in a company statement of financial position.[s] d) Prepare a statement of financial position or extracts as applicable from given information using accounting treatments as stipulated within sections D, E and examinable documents.[s] e) Understand why the heading retained earnings appears in a company statement of financial position.[k] 2. Statements of profit or loss and other comprehensive income f) Understand the interrelationship between the statement of financial position and the statement of profit or loss and other comprehensive income. [K] 22
23 ACCAspace Provided by ACCA Research Institute
2015年度审计报告及财务报表 02 03
2015年度审计报告及财务报表 02 03 2015 年度审计报告及财务报表 04 05 资产负债表 单位 : 中国石化财务有限责任公司 金额单位 : 元 资产行次 2015-12-31 2014-12-31 负债及所有者权益行次 2015-12-31 2014-12-31 资产 : 1 负债 : 52 现金 2 200,861.73 192,601.71 拆入资金 53 10,000,000,000.00
More information中国东方航空股份有限公司 China Eastern Airlines Corporation Limited
中国东方航空股份有限公司 China Eastern Airlines Corporation Limited 股东提名董事候选人程序说明 Procedures for Shareholders to Nominate Director Candidates 第一章总则 Chapter One General Provisions 第一条根据 中华人民共和国公司法 上市公司治理准则 公司章程 关于在上市公司建立独立董事制度的指导意见
More informationWeekly HKFRS Q&As Q&A # 7
China National Technical Weekly HKFRS Q&As Q&A # 7 中文 March 2014 Since January 2014, we started to publish weekly HKFRS Q&As that aim to help you deal with the application issues during the busy financial
More information中国人民银行上海总部关于支持中国 ( 上海 ) 自由贸易试验区扩大人民币跨境使用的通知
Unofficial Translation 中国人民银行上海总部关于支持中国 ( 上海 ) 自由贸易试验区扩大人民币跨境使用的通知 Notice of the Shanghai Head Office of the People's Bank of China to Promote Cross-border Use of Renminbi in the China (Shanghai) Pilot
More informationFINANCIAL STATEMENT AND RELATED ANNOUNCEMENT
FINANCIAL STATEMENT AND RELATED ANNOUNCEMENT https://www1.sgxnet.sgx.com/sgxnet/lcanncsubmission.nsf/vwprint/bb0a31278a988363482579... Page 1 of 1 27-Feb-2012 Print this page Full Year Results * Financial
More informationACCA F8. Provided by Academy of Professional Accounting (APA) Introduction to Audit Evidence ACCA Lecturer: Tom Liu. ACCAspace 中国 ACCA 特许公认会计师教育平台
Professional Accounting Education Provided by Academy of Professional Accounting (APA) ACCA F8 Introduction to Audit Evidence ACCA Lecturer: Tom Liu ACCAspace 中国 ACCA 特许公认会计师教育平台 Copyright ACCAspace.com
More informationCUSTOMER INFORMATION/CNY BASIC SETTLEMENT ACCOUNT (SOLE ACCOUNT) OPENING FORM
CUSTOMER INFORMATION/CNY BASIC SETTLEMENT ACCOUNT (SOLE ACCOUNT) OPENING FORM!"#L!"#$%&E!F!" HSBC Bank (China) Company Limited!!! Branch Date W NOTE: 1Please tick( ) where applicable and complete : this
More informationAccount Maintenance Fee. USD 10 or equivalent per month for average account balance(s) less than USD 100,000 or equivalent. Account Maintenance Fee
Charges and Commissions (Effective from 1 st October, 2015) Account Maintenance Fee Account Maintenance Fee USD 10 or equivalent per month for average account balance(s) less than USD 100,000 or equivalent.
More informationACCA IFRS Seminar in Shenzhen 16 September 2006
ACCA IFRS Seminar in Shenzhen 16 September 2006 IFRS Nelson Lam CFA FCCA FCPA(Practising) MBA MSc BBA CPA(US) ACA 2005-06 Nelson 1 Today s Agenda Introduction Presentation and Disclosure IFRS and PRC GAAP
More information5% BONUS 5% 赠金条款 ( 适用于 1 月 ) TERMS AND CONDITIONS
5% BONUS 5% 赠金条款 ( 适用于 1 月 ) TERMS AND CONDITIONS 1 GENERAL 1 总则 The terms and conditions contained herein apply to the Promotional Bonus (the Promotion ) offer made available through the websites of Fair
More informationATA Inc. Financial Results Conference Call for the Three- and Nine-Month Transition Periods Ended December 31, 2017 TRANSCRIPT
ATA Inc. Financial Results Conference Call for the Three- and Nine-Month Transition Periods Ended December 31, 2017 TRANSCRIPT March 19, 2018 at 9 p.m. ET SPEAKERS Carolyne Sohn Senior Associate, The Equity
More informationFrequently Asked Questions On Fast Service
第 1 页共 8 页 Frequently Asked Questions On Fast Service 1. What is FAST? FAST (Fast And Secure Transfers) is a new electronic funds transfer service that allows a secure and almost immediate transfer of
More informationR&D tax incentives in the EU 欧盟的研发税收奖励
R&D tax incentives in the EU 欧盟的研发税收奖励 By Vinod Kalloe Head of international tax policy KPMG The Netherlands 荷兰毕马威会计事务所国际税收政策部负责人 IP Key-CAS IPM Conference Beijing, 4 December 2014 北京,2014 年 12 月 4 日 Content
More information中国人民银行关于金融支持中国 ( 上海 ) 自由贸易试验区建设的意见
Unofficial Translation 中国人民银行关于金融支持中国 ( 上海 ) 自由贸易试验区建设的意见 Opinions of People's Bank of China to Support China (Shanghai) Pilot Free Trade Zone in Financial Sector 为贯彻落实党中央 国务院关于建设中国 ( 上海 ) 自由贸易试验区 ( 以下简称试验区
More informationNYU Shanghai CAMPUS GUIDELINES
NYU Shanghai CAMPUS GUIDELINES 上海纽约大学校园导则 Title Guidelines on the Use of NYU Shanghai Faculty Funds 名称上海纽约大学教职经费使用导则 Effective Date: December 1, 2015 生效日期 : 2015 年 12 月 1 日 Supersedes: Guidelines on the
More informationCSE: LUX XETRA: NGO Frankfurt: NGO. Environmentally Responsible Gold Recovery
CSE: LUX XETRA: NGO Frankfurt: NGO Environmentally Responsible Gold Recovery Cautionary Disclaimer Forward Looking Statements Certain statements contained herein regarding Newlox Gold Ventures Corp. (the
More informationMining Could Bring Positive Surprise in 2017, Maintain Accumulate
Infrastructure Sector Equity Research Report Company Report Equity Research 股票研究公司报告证券研究报告 Company Report: Gary Wong 黄家玮 公司报告 : 中国中铁 (39 HK) +852 259 2616 gary.wong@gtjas.com.hk Mining Could Bring Positive
More informationKey Topics on China -Venezuela Business 中国 - 委内瑞拉投资关键考虑. Tax overview July 2011 税务概述 2011 年 7 月. Espiñeira, Sheldon y Asociados1
Key Topics on China -Venezuela Business 中国 - 委内瑞拉投资关键考虑 Tax overview July 2011 税务概述 2011 年 7 月 1 Agenda 目录 Choice of entity Registrations Restrictions on cross-border cash flows Key tax issues Individual
More informationFor personal use only
U & D COAL LIMITED A.C.N. 165 894 806 Off-Market Buyback Booklet 28 November 2014 This is an important document and requires your urgent attention. If you are in any doubt as to how to deal with this Booklet,
More informationNatural Gas Sales Growth to Accelerate, Maintain Buy
股票研究 Equity Research : Binhai Investment (02886 HK) Kevin Guo 郭勇公司报告 : 滨海投资 (02886 HK) +86 755 23976671 kevin.guo@gtjas.com Natural Gas Sales Growth to Accelerate, Maintain Buy 天然气销售增速将会加快, 维持 买入 评级 公司报告证券研究报告清洁能源行业
More informationORI for the 2 nd Quarter of 2015 概要 2015 年二季度末中国银行离岸人民币指数 (ORI) 为 1.37%, 较一季度末上升 0.1 个百分点
ORI for the 2 nd Quarter of 2015 概要 2015 年二季度末中国银行离岸人民币指数 (ORI) 为 1.37%, 较一季度末上升 0.1 个百分点 与上季度相比, 二季度人民币兑美元汇率保持稳定 ; 境内外利差保持在较窄区间 ; 离岸金融市场整体金融活动规模继续回落, 人民币在离岸金融市场的使用规模及使用份额提升 境外存款总量中, 人民币存款份额回升 人民币债券融资再度活跃
More informationWeek 1: Financial reporting requirements & Conceptual Framework 1. Disclosing entity: 2. Proprietary company: 3. Public company: annual
Week 1: Financial reporting requirements & Conceptual Framework 3 types of entities: 1. Disclosing entity: An entity whose securities are listed on securities exchange 2. Proprietary company: Can, cannot,
More informationAnalysis. ORI for the 3 rd Quarter of 2017 概要 2017 年三季度末中国银行离岸人民币指数 (ORI) 为 1.22%, 较上季度末微升 0.03 个百分点, 超出预测值 0.04 个百分点
ORI for the 3 rd Quarter of 2017 概要 2017 年三季度末中国银行离岸人民币指数 (ORI) 为 1.22%, 较上季度末微升 0.03 个百分点, 超出预测值 0.04 个百分点 离岸市场人民币存款规模继续回升 ; 贷款及融资活动有所下降 ; 境内资本市场开放继续带动离岸市场人民币计价权益类投资 Main Points The BOC Off-shore RMB
More informationNature and sustainability of the Chinese economy
Nature and sustainability of the Chinese economy Long Guoqiang Development Research Center of the State Council Prepared for the Nomura Foundation Conference Prospects for Growth in the World s Four Major
More informationOvervalued communication tower infrastructure service provider
ChinaTower (788.HK) 3 th Jan 219 Target Price(HKD) 1.36 29 th Jan 219 1.67 Close Price 1.67 HSI 2762.85 52-Week Range.99/1.76 Market Cap(HKDm) 293,93 3-mth ave. T/O(HKDm) 1.3 Auditor Data source:bloomberg
More information28/11/2014 GST Talk Alan Yoon Associates - All Rights Reserved GST? - GST stands for Goods and Services Tax
GST Talk 1 GST? - GST stands for Goods and Services Tax - It is a form of consumption tax charged on every business transaction stages where value adding is present - GST incurred on inputs is allowed
More informationPay your ICBC Credit Cards Bills via FAST 通过 FAST 支付工银信用卡账单
Pay your ICBC Credit Cards Bills via FAST 通过 FAST 支付工银信用卡账单 Pay your ICBC Credit Card bills immediately by simply conducting a funds transfer. 您可通过资金转账立即支付工银信用卡账单 ICBC Credit Cards can receive payments
More informationBond Connect Admission Guide and Forms
Bond Connect Admission Guide and Forms Updated: 20 June 2018 Overseas investors who comply with the China Interbank Bond Market (CIBM) admission criteria prescribed in the People s Bank of China (PBC)
More informationThe Yuan Exchange rate and Firms Atturo Giulia
1 The yuan exchange rate and firms How the Chinese exchange rate can influence strategic entering into the Chinese market Abstract 中国人民币汇率跟企业的关系 随着时代的进步, 国与国的距离拉近, 各国间政府, 经济, 文化等方面的常常交流, 全球化已经到了 外贸经济的地位越来越紧要,
More information中国中铁 -H [390.HK] 中国建筑业 收盘价 : 7.19 港元 (2018 年 11 月 30 日 ) 目标价 : 8.30 港元 (+15.4%) 股价表现 (852)
中国中铁 -H [390.HK] 继续看好 2019 年盈利增长前景我们已更新了公司的 2018-2019 年盈利预测 公司 18 年首九个月的净利润同比增长 18.2%, 同期整体基础设施投资增长则基本持平 凭借中央国有企业建筑公司的地位, 公司在 18 年首九个月成功获得市场份额, 亦增加了对利润率较高的 PPP 投资业务的规模 面对经济增长下行的强大压力, 中央政府将明显依靠基础设施固定资产投资来稳定经济增长
More information英国教育债券. Your international passport to a British education. educationbond.com
英国教育债券 Your international passport to a British education educationbond.com 目录 contents 我们是谁 英国教育债券项目概况运作流程项目特色优势交易策略合作伙伴风险概述 如何加入英国教育债券及投资预期报名表格 InvestUK............................................. 4
More informationMonex Securities Schedule of Fees and Charges. Monex Brokerage Fees. Monex Securities Australia Pty Ltd AFSL No: ABN:
Monex Securities Schedule of Fees and Charges Monex Brokerage Fees Markets Brokerage Fee *1 Settlement Currency *2 United States New York Stock Exchange (NYSE) NASDAQ Australia *3 Australian Stock Exchange
More informationAnalysis. ORI for the 2 nd Quarter of 2017 概要 2017 年二季度末中国银行离岸人民币指数 (ORI) 为 1.19%, 较上季度末微升 0.02 个百分点, 符合前期预测. Main Points
ORI for the 2 nd Quarter of 2017 概要 2017 年二季度末中国银行离岸人民币指数 (ORI) 为 1.19%, 较上季度末微升 0.02 个百分点, 符合前期预测 人民币在离岸权益类资产 贷款及外汇储备等方面的使用水平提升 ; 境外及非居民人民币存款总量经历七个季度回落后首次上升 ; 离岸人民币指数保持回稳态势 Main Points The BOC Off-shore
More informationAudit Report 30 JUN W'k h4hi E Audit Service Center of China National Audit Office for. Foreign Loan and Assistance Projects
Public Disclosure Authorized Public Disclosure Authorized Audit Service Center of China National Audit Office for Foreign Loan and Assistance Projects Audit Report 30 JUN 2016 1 44q3 3 Public Disclosure
More informationVinda(3331.HK) A fair deal for Vinda shareholders. Company Research
Company Research 05 November 2013 Vinda(3331.HK) A fair deal for Vinda shareholders SCA s cash offer of HK$11/share for Vinda had become unconditional. Post acquisition, we believe SCA will reap immediate
More informationMedia Announcement (For Immediate Release) 即时新闻发布. LionGold Corp Signs MOU with China SOE-backed Mining Contractor 瑞狮集团和中国国有企业背景的矿山工程承包商 签订合作备忘录
LionGold Corp Ltd (Incorporated in Bermuda) 59 Mohamed Sultan Road Sultan Link 02-08 Singapore 238999 Tel: (65) 6690 6860 Fax: (65) 6690 6844 info@liongoldcorp.om www.liongoldcorp.com LIONGOLD CORP Highlights
More informationAsia Practice Group 亚洲事务组
Asia Practice Group 亚洲事务组 Introduction to the Firm is a dynamic full-service law firm headquartered in the heart of Manhattan specializing in Corporate, Capital Markets and Securities Law. Our objective
More informationAudit Report 30 JUN : Henan Provincial Audit Office of the People's Republic of China *F# (2016) 71 # HENAN AUDIT REPORT C 2016) NO.
Public Disclosure Authorized Henan Provincial Audit Office of the People's Republic of China 30 JUN 2016 Public Disclosure Authorized Audit Report *F# (2016) 71 # HENAN AUDIT REPORT C 2016) NO.71 Public
More information芯系天下 ( 線上法說會 ) Q Quarterly Online Investor Conference. March 15, March 3, 2016
環宇 芯系天下 March 3, 2016 Q4 2018 Quarterly Online Investor Conference ( 線上法說會 ) March 15, 2019 Disclaimer Statement This presentation includes forward-looking statements. All statements, other than statements
More information2018 Interim Results Beat Expectations, Maintain "Buy"
- Clean Energy Sector-Natural Gas Equity Research 股票研究 Company Report: 公司报告 : 北京控股 (392 HK) Kevin Guo 郭勇 (86755) 2397 6671 kevin.guo@gtjas.com 218 Interim Results Beat Expectations, Maintain "Buy" 218
More informationManagement Buyout Offer at HK$6.30 Per Share, Sell
Belle Int l (01810 HK) Equity Research Report Equity Research 股票研究 : Terry Hong 洪学宇 公司报告 : 百丽国际 (01880 HK) +86 755 23976722 hongxueyu@gtjas.com Management Buyout Offer at HK$6.30 Per Share, Sell 管理层收购要约以每股
More informationChina Economics. Macro Research. sense. Hence, there is still a long way to go for its yoy growth to turn positive. under the present situation.
China Economics CPI ticks higher statistically while PPI still in a downward trend The March CPI grew 2.4 yoy due to the tail raising factor and seasonality. As the mom growth of food prices decreased
More informationCAR Inc Annual Results. Feb 27 th, 2018
CAR Inc. 2017 Annual Results Feb 27 th, 2018 Operational & Financial Highlights Q4 17 Highlights (RMB in millions) Car rental 1,211 684 Continue to demonstrate strong growth momentum with YOY price reduction
More information加码高端物管市场维持彩生活买入评级 彩生活服务集团 (1778:HK) BUY Unchanged. Real Estate Company Research. Bringing China to the World
15-08 15-09 15-10 15-11 15-12 16-01 16-02 16-03 16-04 16-05 16-06 16-07 16-08 SWS Research Co. Ltd is a subsidiary of ShenwanHongyuan Securities. 99 East Nanjing Road, Shanghai +86 21 2329 7818 www.swsresearch.com
More informationStatic on the line CHINA TELECOM (728:HK)
17-04 17-05 17-06 17-07 17-08 17-09 17-10 17-11 17-12 18-01 18-02 18-03 18-04 本研究报告仅通过邮件提供给国投瑞银国投瑞银基金管理有限公司 (res@ubssdic.com) 使用 1 SWS Co. Ltd is a subsidiary of Shenwan Hongyuan Securities. 99 East Nanjing
More informationPeopleSoft Global Payroll for China 9.1 Reports
PeopleSoft Global Payroll for China 9.1 Reports March 2012 PeopleSoft Global Payroll for China 9.1 Reports SKU hcm91fp2hgpx-r0312 Copyright 1988, 2012, Oracle and/or its affiliates. All rights reserved.
More informationMASTERCARD CHINA 中国万事达卡公司 World Elite Credit Cards. EFFECTIVE DATE OF COVER 保险生效日期 1 st April 2017 to 31 st March 2018 SUMMARY OF COVER 保险摘要信息
MASTERCARD CHINA 中国万事达卡公司 World Elite Credit Cards EFFECTIVE DATE OF COVER 保险生效日期 1 st April 2017 to 31 st March 2018 SUMMARY OF COVER 保险摘要信息 Insurance Coverage Maximum Benefit Amount (RMB) Wallet Guard
More information2017 Annual Results Beat Expectations, Maintain Accumulate
Zijin Mining (02899 HK) Precious Metals Sector Equity Research 股票研究 Company Report: Zijin Mining (02899 HK) 公司报告 : 紫金矿业 (02899 HK) Kevin Guo 郭勇 (86755) 2397 6671 kevin.guo@gtjas.com [Table_Summary] 2017
More informationSCHEDULE 1 (cont d) CIGNA & CMC Life Insurance Co. Ltd. CIGNA & CMC Additional Global Group Dental Insurance Clauses
附件 SCHEDULE 1 (cont d) 附件 1( 续 ) 招商信诺人寿保险有限公司 招商信诺附加附加全球全球员工员工牙科牙科团体团体医疗保险条款 CIGNA & CMC Life Insurance Co. Ltd. CIGNA & CMC Additional Global Group Dental Insurance Clauses 第一条附加合同说明 Clause 1 Instruction
More information常见问题及答案 Frequently Asked Question & Answers
常见问题及答案 Frequently Asked Question & Answers 1. 如何能成为会员? How can an entity become a member? 申请者可直接向 CBM 或通过总商会申请成为会员 会员确认步骤将由 CBM 和总商会完成 An interested entity may apply directly to The Bureau for membership
More information环境险峻 京东集团 (JD:US) 中性维持. Bringing China to the World. Internet Software &Services Company Research
本研究报告仅通过邮件提供给国投瑞银国投瑞银基金管理有限公司 (res@ubssdic.com) 使用 1 SWS Co. Ltd 99 East Nanjing Road, Shanghai +86 21 2329 7818 www.swsresearch.com Internet Software &Services Company Bringing China to the World 2018
More information1H17 Results In Line, Accumulate
- Samsonite (01910 HK) Consumer Sector - Retailing Equity Research 股票研究 : Samsonite (01910 HK) 公司报告 : 新秀丽 (01910 HK) 1H17 Results In Line, Accumulate 2017 年上半年业绩符合预期, 收集 Terry Hong 洪学宇 (86755) 2397 6722
More information杠杆之殇. Bringing China to the World. New Energy Company Research. 下调 GCL New Energy (451HK) Market Data: Aug 29, 2018
SWS Co. Ltd 99 East Nanjing Road, Shanghai +86 21 2329 7818 www.swsresearch.com Bringing China to the World New Energy Company 30 Aug 2018 中性 杠杆之殇 下调 GCL New Energy (451HK) Market Data: Aug 29, 2018 Financial
More information附件 3.Trading Code Application Form for Overseas Institutional Client Date of application:
附件 3.Trading Code Application Form for Overseas Institutional Client Date of application: Futures Firm or Overseas Broker Internal Funds Account Principal-Agent Relations Holly Su Futures (Hongkong) Co.,
More informationDEVELOPING ASIAN CAPITAL MARKETS
Updated: August 2017 Pre-deal Research Addenda for the Hong Kong IPO process Prepared with the kind assistance of Herbert Smith Freehills and Norton Rose Fulbright DEVELOPING ASIAN CAPITAL MARKETS Contents
More informationMetal Prices Under Pressure, Maintain "Neutral"
CMOC (3993 HK) Nonferrous Metals Sector Equity Research 股票研究 Company Report: CMOC (3993 HK) 公司报告 : 洛阳钼业 (3993 HK) [Table_Summary] Metal Prices Under Pressure, Maintain "Neutral" 金属价格承压, 维持 中性 评级 Kevin
More informationHOW TO DEVELOP A SUCCESSFUL JOINT-VENTURE IN CHINA. is a business unit of
HOW TO DEVELOP A SUCCESSFUL JOINT-VENTURE IN CHINA WHAT IS A JOINT-VENTURE Joint-Venture in China SIMPLY PUT, A JOINT VENTURE (JV) IS NOTHING MORE THAN AN ECONOMIC COOPERATION, OR BUSINESS COMBINATION,
More informationTse Sui Luen(417.HK) Company Research. Non-rated. 30 Oct 2013
Company Research 30 Oct 2013 Tse Sui Luen(417.HK) Room for improvement From a low base, Tse Sui Luen (TSL) reported a strong 55% growth in net profit to HK$47.6m for the interim ended 31 st August 2013.
More information株洲南车时代电气 ( 3898.HK ) 中报业绩显示环比改善迹象
本研究报告仅通过邮件提供给泰信基金朱志权 (zhuzhiquan@ftfund.com) 使用 1 wwwww1 SWS Research Co. Ltd 99 East Nanjing Road, Shanghai +86 21 2329 7818 www.swsresearch.com Capital Goods Company Research The Chinese View on China
More informationGuosen Expert Series: Accounting and Regulatory Challenges to VIEs in China
Sector Research Guosen Expert Series: Accounting and Regulatory Challenges to VIEs in China A massive migration of US listed Chinese companies to HK? Alibaba s (Not Listed) long-awaited IPO has put the
More informationIntroduction to Accounting
Chapter 1 Introduction to Accounting 绪论 导读 本章从会计学最简单的概念 目的和类别等入手, 由浅入深地介绍了会计要素 会计等式, 并简单地介绍了财务报表 由于财务报表是本课程的重点和难点, 因此本章对财务报表的介绍只是为学习者今后的学习做一个知识上和心理上的准备和铺垫, 使学习者对此有一个先期印象 通过本章的学习, 应重点掌握 :1. 会计要素的分类和含义,
More information2017 & 10 th ANNUAL CHINA OUTBOUND INVESTMENT SUMMIT
2017 & 10 th ANNUAL CHINA OUTBOUND INVESTMENT SUMMIT May 25 th 2017, Beijing China Critical Regulatory Update from Key Issues to be Addressed National Development & Reform Commission Ministry of Commerce
More informationVOLUNTARY CONDITIONAL CASH OFFER
VOLUNTARY CONDITIONAL CASH OFFER Cash Offer S$0.525 For each Offer Share by DBS BANK LTD. (Company Registration No.: 196800306E) (Incorporated in the Republic of Singapore) for and on behalf of INTERNATIONAL
More informationGas Sales Prospect Remains Bright, Maintain Buy
: Binhai Investment (02886 HK) Kevin Guo 郭勇 公司报告 : 滨海投资 (02886 HK) +86 755 23976671 kevin.guo@gtjas.com Gas Sales Prospect Remains Bright, Maintain Buy 天然气销售前景光明, 维持 买入 评级 GTJA Research 国泰君安研究 The 2015
More information业绩符合预期 交行周四公布中报业绩 期末贷款余额同比增长 7.4%, 存款余额同比增长 4.9% 净息差同比下降 30 个基点至 1.97% 净利息收入同比下降 4.1%, 非利息收入同比增速达到 8.1% 上半年净利润达到 亿元, 基本每股收益 0.
SWS Research Co. Ltd is a subsidiary of Shenwan Hongyuan Securities. 99 East Nanjing Road, Shanghai +86 21 2329 7818 www.swsresearch.com Bringing China to the World August 26, 2016 买入 维持 Market Data: Aug
More informationTHE FUTURE OF TRADE FOR THE UK
英国贸易的未来 企业指南 THE FUTURE OF TRADE FOR THE UK March 2017 CLIFFORD CHANCE LLP Clifford Chance is one of the world s pre-eminent law firms with significant depth and range of resources across five continents.
More informationMAYBANK KIM ENG SECURITIES PTE. LTD.
EXIT OFFER LETTER DATED 22 DECEMBER 2016 THIS EXIT OFFER LETTER IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. PLEASE READ IT CAREFULLY. If you are in any doubt about the matters contained in this
More information三井住友海上火灾保险 ( 中国 ) 有限公司
三井住友海上火灾保险 ( 中国 ) 有限公司 MITSUI SUMITOMO INSURANCE (CHINA) CO.,LTD. 34F,Shanghai World Financial Center,100 Century Avenue,Pudong New Area,Shanghai 200120, P.R.China PHONE: (021) 6877-7899 FAX: (021) 6877-7500
More informationB&R Cases TM TM 一带一路案例
B&R Cases TM TM 一带一路案例 Siemens International Trading (Shanghai) Co., Ltd. and Shanghai Golden Landmark Company Limited, A Case of an Application for the Recognition and Enforcement of a Foreign Arbitral
More information流动性补充 配股将最多为华油能源带来约 2.3 亿港币现金 (1.9 亿人民币 ), 相当于 17 年底在手现金的 1.3 倍 获得的流动性补充不仅满足了在订单量激增下日益增长的项目垫资需求, 而且在行业景气周期中为企业未来业务发展打下了坚实的资金基础, 打开了未来的增长空间
本研究报告仅通过邮件提供给国投瑞银国投瑞银基金管理有限公司 (res@ubssdic.com) 使用 1 SWS Co. Ltd is a subsidiary of Shenwan Hongyuan Securities 99 East Nanjing Road, Shanghai (8621)23297818 www.swsresearch.com Utilities Bringing China
More informationWeak 1Q16 Results, Neutral 2016 年第一季业绩疲弱, 中性
GTJA Research 国泰君安研究 Company Report: COSCO Pacific (01199 HK) Ivan Zhou 周一帆 公司报告 : 中远太平洋 (01199 HK) +86 755 23976685 zhouyifan013593@gtjas.com Weak 1Q16 Results, Neutral 2016 年第一季业绩疲弱, 中性 Shareholders
More informationCompany Research. Not Rated
Company Research Sept 4, 2013 China Ruifeng(527.HK) Transforming into a wind farm operator China Ruifeng Renewable Energy Hldg. Ltd. (527.hk) is currently transforming into a wind farm operator, after
More informationPlease select one of the following purposes for using this Application Form* [please tick ONE box only]( 每表只选一项 )
COMPANY INFORMATION 客户基本信息表 Please select one of the following purposes for using this * [please tick ONE box only]( 每表只选一项 ) New Application / Cancellation of Account / Amendment 申请撤销网银帐户修改 Please select
More informationIGG (799 HK) Company Research Non-rated note. 17 May 2017 Non rated N/A
Company Research Non-rated note Back in the game IGG s FY16 net profit jumped stunningly at 74%yoy to USD72m, on the launch of Lords Mobile (LM) from Mar-2016. We see LM sales will likely overwhelm IGG
More informationChinese Bankers Survey 2011
www.pwchk.com Raymond Yung Financial Services Leader for China China Charles Chow Financial Services Partner China Outline Background Objectives Key findings - Economic situation - Business development
More information厦门大学博硕士论文摘要库 中国入世法律文件中的 市场扰乱 问题研究 硕士学位论文 王晓琳 答辩委员会主席 : 评阅人 : 2006 年 4 月 学校编码 :10384 分类号密级 学号 : 指导教师姓名 : 肖伟 专业名称 : 国际法学 论文提交日期 : 年 4 月
学校编码 :10384 分类号密级 学号 :200308135 UDC 硕士学位论文 中国入世法律文件中的 市场扰乱 问题研究 A Study on the Issue of Market Disruption in the Legal Documents on the Accession of China to WTO 王晓琳 指导教师姓名 : 肖伟 副教授 专业名称 : 国际法学 论文提交日期
More information主要催化双双延期 金山软件 (3888:HK) 增持维持. Bringing China to the World. Internet Software &Services Company Research
本研究报告仅通过邮件提供给国投瑞银国投瑞银基金管理有限公司 (res@ubssdic.com) 使用 1 SWS Co. Ltd 99 East Nanjing Road, Shanghai +86 21 2329 7818 www.swsresearch.com Internet Software &Services Company Bringing China to the World 2018
More informationChina Healthcare. A decent world-class denture maker. Company visit note. 20 February 2017
Company visit note China Healthcare A decent world-class denture maker On 13 Feb 2017, we joined the investor tour to visit Modern Dental Group s (MDG) (3600.HK, NR) factory based in Shenzhen. During the
More informationAccount Handbook 账户手册
Account Handbook 账户手册 Keep this information handy. It s your resource for details on investing and contacting TD Ameritrade when you need questions answered. Read on to learn more about the tools we offer
More informationMeasures to Ease the Restrictions on Cross-border RMB Settlement of Goods Exports -Moves to remove the pilot enterprise system for goods exports-
March 5, 2012 People s Bank of China Announcements Mizuho Bank (China), Ltd. Advisory Division Mizuho China Business Express (No. 214) Measures to Ease the Restrictions on Cross-border RMB Settlement of
More information博士学位论文 对外援助, 国际收支平衡及经济增长 以赞比亚为例 FOREIGN AID, BALANCE OF PAYMENTS AND ECONOMIC GROWTH-THE CASE OF ZAMBIA. Francis Mulenga Muma 指导教师姓名 : 黄梅波教授
学校编码 :10384 分类号密级 学号 : 15720090153743 UDC 博士学位论文 对外援助, 国际收支平衡及经济增长 以赞比亚为例 FOREIGN AID, BALANCE OF PAYMENTS AND ECONOMIC GROWTH-THE CASE OF ZAMBIA Francis Mulenga Muma 指导教师姓名 : 黄梅波教授 专业名称 : 世界经济 论文提交日期
More informationA DECADE OF ENABLING BUSINESSES ANNUAL REPORT FY11/12
A DECADE OF ENABLING BUSINESSES ANNUAL REPORT FY11/12 A DECADE OF ENABLING BUSINESSES THE GROWTH RINGS OF A-REIT Growth rings in a tree trunk signify radial growth as the tree produces new layers of wood
More informationWhy do projects go wrong? 为什么项目会出错呢?
Why do projects go wrong? 为什么项目会出错呢? 项目 实际资本 100 万美元 实际完工时间成本超支进度超支取得成效 W Mackenzie & N Cusworth, 2016 2 China Mining 2018 Why did it go wrong? 为什么会出错? Project 项目 Category 类别 3 phase study process 3 阶段
More informationCCHI Mini-Glossary Project Glossary #4 Subject: Affordable Care Act - Insurance Language: Mandarin
CCHI Mini-Glossary Project Glossary #4 Subject: Affordable Care Act - Insurance Language: Mandarin Note: Some terms and definitions are from the Benefits and Coverage Uniform Glossary by Centers of Medicaid
More informationKingsoft Corporation (3888 HK)
Company Research Results Review Kingsoft Corporation (3888 HK) Strong Beat on Mobile Game Expansion Kingsoft s stunning 3Q16 profit surged 151% YoY to RMB304m, 75% above our forecast thanks to stellar
More informationSEA 2019 Participation Contract 參展合同
SEA 2019 Participation Contract 參展合同 Please complete this form and fax to the organizer: 請填寫申請表格, 並傳真至主辦單位 : 縱延展業有限公司 Office 5B, 24/F, Nanyang Plaza, 57 Hung To Road, Kwun Tong, Kowloon, Hong Kong 香港觀塘鴻圖道
More information1 欧美经济增长数据好于预期, 但次贷阴影远未消除, 美国经济衰退的可能性仍然较大 月初, 标准普尔下调了雷曼兄弟 美林和摩根士丹利三大华尔街投资银行的信用评级, 另外, 标普还将美美国银行 摩根大通的评级展望由稳定下调至负面
一 宏观经济 ( 一 ) 国际经济形势 1 欧美经济增长数据好于预期, 但次贷阴影远未消除, 美国经济衰退的可能性仍然较大 2018-01 美国将 1 季度 GDP 增速由 0.6% 向上修修正至 0.9%, 主要由净出口带动 : 净出口贡献率从 0.2 个百分点上调至 0.8 个百分点 5 月制造业指数从 4 月份的 48.6 升至 49.6, 略高于市场预预期 欧元区一季度 GDP 季调后季比增长
More informationA Feasibility Property Development and Finance Study of Building up Huaxi Photography Base
A Feasibility Property Development and Finance Study of Building up Huaxi Photography Base SHEN LIN (Guiyang, Guizhou, 550025) Abstract: Property development is the process by which buildings are erected
More informationChina and Canada eye more mutually beneficial trade deal 1
Policy Brief No. 201875 November 21, 2018, 东艳 : maildongyan@163.com 白洁 :greenbaby8686@163.com China and Canada eye more mutually beneficial trade deal 1 A clause in the US-Mexico-Canada trade pact, widely
More information2016 Results above Expectations, Neutral
Cement and Construction Materials Sector Equity Research 股票研究 Company Report: Ray Zhao 赵睿 公司报告 : 金隅股份 (02009 HK) +86 755 23976755 zhaorui@gtjas.com 2016 Results above Expectations, Neutral 2016 年业绩超预期,
More informationISO9001 有用吗? 还是它只是一个游戏
ISO 9001:2015 Quality Management System Requirements Risk Management CK Cheung International Lead Evaluator for National Accreditation Body ISO9001 有用吗? 还是它只是一个游戏 视乎企业的态度 系统中所订定的目标的水平 质量管理系统的可执行性 最高层管理的承诺
More informationThe Handbook to Bond Connect Admission. Guidance and Forms
The Handbook to Bond Connect Admission Guidance and Forms January 2019 A Joint Venture Of Contact Us Unit 4701, 47/F., Two Exchange Square, 8 Connaught Place, Central. Hong Kong Tel: (+852) 2327 0033 Fax:
More informationSession 4b China Health Insurance Industry A Ever Changing Landscape. Davout Yean, FSA
Session 4b China Health Insurance Industry A Ever Changing Landscape Davout Yean, FSA China Health Insurance Industry - A Ever Changing Landscape DAVOUT YEAN FSA AIG Business Consulting(BJ), Chief Strategy
More informationLee'S Pharm (950 HK) Company Research Company visit. 24 July 2014 Non rated HK$10.28
Company Research Company visit Leveraging global opportunities By our latest talking with Dr. Li, we were impressed by Lee s pharm s drug pipeline. The international background of key shareholders has
More informationPRUlink golden managed fund II
All data is as of 31 December 2015 unless otherwise stated (Domestic) Features of Fund Investment Objective Investment Strategy& Approach An actively managed fund that seeks to maximise returns over medium
More informationChina Newsletter 1 GREENBERG TRAURIG, LLP ATTORNEYS AT LAW
Spring 2013 / Issue No. 23 of Series ALBANY AMSTERDAM ATLANTA AUSTIN BOSTON CHICAGO DALLAS DELAWARE DENVER FORT LAUDERDALE HOUSTON LAS VEGAS LONDON* LOS ANGELES MEXICO CITY+ MIAMI NEW JERSEY NEW YORK ORANGE
More informationChapter 24 Credit Risk
Chapter 24 Credit Risk 郑振龙厦门大学金融系课程网站 :http://efinance.org.cn Email: zlzheng@xmu.edu.cn 1 Credit Ratings In the S&P rating system, AAA is the best rating. After that comes AA, A, BBB, BB, B, CCC, CC, and
More informationCHINA BUSINESS CLIMATE SURVEY REPORT
CHINA BUSINESS CLIMATE SURVEY REPORT 中国商务环境调查报告 The American Chamber of Commerce in the People s Republic of China In partnership with 与贝恩公司合作编制 Table of Contents 目录 Chairman's Message 2 主席致辞 Executive
More information国际财务管理 第七讲全球融资管理 对外经济贸易大学国际商学院会计学系制作
国际财务管理 第七讲全球融资管理 对外经济贸易大学国际商学院会计学系制作 Exhibit 1 Internal Financing of the Foreign Subsidiary Funds From Within the Multinational Enterprise (MNE) Funds from parent company Funds from sister subsidiaries
More information中集安瑞科控股有限公司 (03899.HK)
公司报告 中集安瑞科控股有限公司 (03899.HK) 股价充分反映天然气汽车概念 我们把中集安瑞科 ( 集团 或 安瑞科 ) 的评级由 买入 下调至 中性 目前股价已接近我们根据分类加总值法 (SOTP) 而计算出的目标价, 而对应的市盈率较更历史平均值高逾一个标准差 我们认为其股价已充分反映政府推动以天然气取代石油的利好因素 天然气加气站的供大于求对设备销售加快形成矛盾在使用天然气作为汽车燃料的主要国家中,
More information