The objective of financial statements is to provide financial information about the reporting entity’s assets, liabilities, equity, income and expenses (1) that is useful to users of financial statements in assessing (2) the prospects (3) for future net cash inflows to the reporting entity and in assessing management’s stewardship of the entity’s economic resources.

【译文】财务报表的目的是为了提供有关报告主体的资产、负债、权益、收益和费用的财务信息，以便让财务报表使用者用于评估报告主体的未来净现金流入的前景，并评估管理层对主体经济资源的监管情况。

That information is provided:

• (a) in the statement of financial position (4), by recognizing (5) assets, liabilities and equity;
• (b) in the statement(s) of financial performance (6), by recognizing income and expenses; and
• (c) in other statements (7) and notes (8), by presenting (9) and disclosing (10) information about:
  • (i) recognized assets, liabilities, equity, income and expenses, including information about their nature and about the risks arising from (11) those recognized assets and liabilities;
  • (ii) assets and liabilities that have not been recognized, including information about their nature and about the risks arising from them;
  • (iii) cash flows (12);
  • (iv) contributions (13) from holders of equity claims (14) and distributions (15) to them; and
  • (v) the methods, assumptions (16) and judgements (17) used in estimating the amounts presented or disclosed, and changes in those methods, assumptions and judgements.

【译文】该财务信息通过以下方式提供：

• (a) 在财务状况表中确认资产、负债和权益；
• (b) 在财务业绩表中确认收益和费用；以及
• (c) 在其他报表和附注中列示和披露以下有关信息：
  • (i) 已确认的资产、负债、权益、收益和费用，包括有关这些项目的性质以及由已确认的资产和负债引起的风险的信息。
  • (ii) 尚未确认的资产和负债，包括有关这些项目的性质以及由此引起的风险的信息。
  • (iii) 现金流。
  • (iv) 权益求偿权持有人的投入和对他们的分配；以及
  • (v) 用于估计所列示或披露的金额的方法、假设和判断，以及这些方法、假设和判断的变化。

The elements of financial statements are:

• (a) assets, liabilities and equity, which relate to (18) a reporting entity’s financial position; and
• (b) income and expenses, which relate to a reporting entity’s financial performance.

Those elements are linked to (19) the economic resources, claims and changes in economic resources and claims discussed in Lesson 1, and are defined in Table 3.1 below.