The six elements of financial accounting are assets, liabilities, owners' equity, income, expenses and profits. \x0d\ Among them, the first three elements are directly related to the confirmation of the financial position in the balance sheet, which is a static reflection of the financial position of the enterprise; The last three elements are related to the confirmation and measurement of operating results in the income statement, and reflect the operating results of enterprises from a dynamic perspective. \x0d\ 1, assets \x0d\ assets can be seen everywhere, such as houses, machinery and equipment, means of transport, goods in warehouses, etc. The concept of x0d assets has been widely used in daily life, but the definition of assets in financial accounting is quite different from that in daily life. \x0d\ Assets, as an accounting element, refer to the resources formed by past transactions or events of an enterprise, which are owned or controlled by the enterprise and are expected to bring economic benefits to the enterprise. According to the definition of assets, assets have the following characteristics. \x0d\ 1) Assets should be resources owned or controlled by enterprises. \x0d\2) Assets are expected to bring economic benefits to enterprises. \x0d\3) Assets are formed by past transactions or events of the enterprise. \x0d\ In addition, the assets recorded in accounting must be able to be measured reliably. \x0d\ Assets are usually divided into current assets and long-term assets, the former such as monetary assets, inventories, accounts receivable, etc. , the latter such as long-term investment, housing and equipment. According to the different characteristics of economic turnover, assets can be divided into current assets, long-term investments, fixed assets, intangible assets and deferred assets. In addition, according to special objectives, assets are divided into non-financial assets and financial assets, monetary assets and non-monetary assets. \x0d\2。 Liabilities \x0d\ To sum up, the recognition of liabilities must meet the following conditions: \x0d\ 1) Liabilities are the current obligations undertaken by enterprises; \x0d\2) Debt is expected to cause economic benefits to flow out of the enterprise; \x0d\3) Liabilities are formed by past transactions or events of the enterprise. \x0d\ In addition, the economic benefits related to this obligation are likely to flow out of the enterprise, and the amount of economic benefits flowing out in the future can be reliably measured. \x0d\ Liabilities are generally divided into current liabilities and long-term liabilities according to their repayment speed or repayment time. Current liabilities refer to debts that will be repaid in a business cycle of 1 year or above, mainly including short-term loans, notes payable, accounts payable, accounts receivable in advance, wages payable, taxes payable, profits payable, other payables and accrued expenses. Long-term liabilities refer to debts with repayment period of 1 year or more than one business cycle, including long-term loans, bonds payable and long-term payables. \x0d\3, owner's equity \x0d\ liabilities and owner's equity constitute the source of enterprise capital. \x0d\ Owner's equity is the investor's ownership of the enterprise's net assets, also known as shareholders' equity. Owner's equity is the owner's residual claim to enterprise assets. \x0d\4。 Income \x0d\ Income refers to the total inflow of economic benefits formed by enterprises in their daily activities, which will lead to the increase of owners' equity, and has nothing to do with the capital invested by owners. Therefore, income is the result of accounting activities. \x0d\5。 Expenses \x0d\ Only when there is input can there be output. To sell products, we must produce products. To this end, you must consume all kinds of materials, pay workers' wages, and all kinds of manufacturing expenses will occur in the production workshop to organize and manage production. Various management fees payable by the administrative department; To sell products, you have to pay the sales expenses; To raise funds for production and operation, financial expenses must be paid; There will also be non-operating expenses that are not directly related to production and operation. In addition, the income tax payable by enterprises is also an expense. In short, it is all kinds of expenses, which makes people overwhelmed. \x0d\ Accounting, expenses refer to the total outflow of economic benefits in the daily activities of an enterprise, which will reduce the owner's equity and has nothing to do with the distribution of profits to the owner. As an accounting element, expense can be regarded as the deduction of income, or it can be said that expense is a consumed or transferred asset, which has three characteristics: \x0d\ 1) expense is formed in the daily activities of enterprises; \x0d\2) The expenses will reduce the owner's equity; \x0d\3) Expenses are the total outflow of economic benefits unrelated to the distribution of profits to owners. \x0d\6。 Profit \x0d\ Profit refers to the operating results of an enterprise in a certain accounting period, which is a kind of harvest. If the enterprise achieves profit, it means that the owner's equity of the enterprise will increase and its performance will improve; On the other hand, if the enterprise loses money (that is, the profit is negative), it means that the owner's equity of the enterprise will decrease and its performance will decline. \x0d\ Numerically, profit is the net amount of income (including income) minus expenses (including loss). Among them, the net income after deducting expenses reflects the business performance of the daily activities of the enterprise, and the gains and losses directly included in the current profits reflect the performance of the non-daily activities of the enterprise. \x0d\ Revenue-expense+profit and loss = profit