英文版会计3
财务会计入门英文版 PPT 3
LO 4: Prepare Adjusting Entries
Two typical adjustments for asset and/or liability overstatements:
– consumed (or used) asset
Asset Unadjusted Credit balance adjusting entry (-) Expense Debit adjusting entry (+)
LO 1: The Accounting Cycle
1. Record accounting events in journal; post to General Ledger. 2. Prepare Trial Balance. 3. Record adjusting journal entries; post to Ledger; prepare Adjusted Trial Balance. 4. Prepare Financial Statements. 5. Record closing journal entries; post to Ledger; prepare Post Closing Trial Balance. 6. Begin the new accounting period by returning to the first step.
Adjustment for asset or liability understatement:
1. Service or goods provided and customer has not yet paid: called a revenue accrual. 2. No payment has been made or liability recorded for benefits consumed: called an expense accrual. 3. Revenue recorded when cash was received, but obligation to customer not yet satisfied. 4. Expense recorded when cash was paid, but future benefits still exist as of the BS date.
会计报表项目中英文对照(三张主表)
会计报表工程中英文对照(三张主表)1、Balance sheet(audited) 资产负债表Assets 资产Current assets 流动资产、Cash 货币资金Short-term investment 短期投资Notes receivable 应收票据Dividends receivable 应收股利Interest receivable 应收利息Account receivable 应收帐款Other receivable 其他应收款Advanced to suppliers 预付帐款Subsidies receivable 应收补贴款Inventories 存货Prepaid expenses 待摊费用Long-term investments maturing within one year 一年内到期的长期投资Other current assents 其他流动资产Total current assets 流动资产合计Long-term investments 长期投资Long-term equity investment 长期股权投资Long-term debt investment 长期债权投资Total long-term investment 长期投资合计Fixed assets 固定资产Fixed assets-cost 固定资产原价Less: accumulated depreciation 减：累计折旧Fixed assets net value 固定资产净值Less: impairment of fixed assets 减：固定资产减值准备Fixed asset-book value 固定资产净值Materials for projects 工程物资Construction in progress 在建工程Disposal of fixed assets 固定资产清理Total fixed assets 固定资产合计Intangible assets and other assets 无形资产及其他资产Intangible assets 无形资产Long-term deferred expenses 长期待摊费用Other long-term assets 其他长期资产Total intangible assets and other assets 无形资产及其他资产合计Deferred tax：递延税项Deferred tax debit 递延税款借项Total assets 资产总计Liabilities and owners’ equity负债及所有者权益Current liabilities : 流动负债Short-term loans 短期借款Notes payable 应付票据Account payable 应付帐款Advance from customers 预收帐款Accrued payroll 应付工资Accrued employee’s welfare expenses应付福利费Dividends payable 应付股利Taxes payable 应交税金Other taxes and expense payable 其他应交款Other payable 其他应付款Accrued expenses 预提费用Provisions 预计负债Long-term liabilities due within one year 一年内到期的长期负债Other current liabilities 其他流动负债Total current liabilities 流动负债合计Long-term liabilities：长期负债Long-term loans 长期借款Bonds payable 应付债券Long-term accounts payable 长期应付款Specific account payable 专项应付款Other long-term liabilities 其他长期负债Total long-term liabilities 长期负债合计Deferred tax: 递延税项Deferred tax credits 递延税款贷项Total other liabilities : 负债合计Owner’s equity:所有者权益〔股东权益〕Paid-in capital 实收资本Less :investment returned 减：已归还投资Pain-in capital-net 实收资本净额Capital surplus 资本公积Surplus from profits 盈余公积Including: statutory public welfare fund 其中：法定公益金Undistributed profit 未分配利润Total owner’s equity所有者权益〔股东权益〕Total liabilities and owner’s equities负债及所有者权益Total liabilities and owner’s equiti es 负债及所有者权益2、Income statement (audited) 利润表Item 工程Sales 产品销售收入Including :export sales 其中：出口产品销售收入Less: sales discounts and allowances 减：销售折扣与折让Net sales 产品销售净额Less: sales tax 减：产品销售税金Cost of sales 产品销售本钱Including :cost of export sales 出口产品销售本钱Gross profit 产品销售毛利Less : selling expense 减：销售费用General and administrative expense 管理费用Financial expense 财务费用Including :interest expense(less interest income) 其中：利息支出〔减利息收入〕Exchange loss (less exchange gain) 汇兑损失〔减汇兑收益〕Income from main operation 产品销售利润Add :income from other operations 加：其他业务利润Operating income 营业利润Add : investment income 加：投资收益Non-operating expense 营业外收入Less: non-operating expense 减：营业外支出Add: adjustment to pripr year’s income and expense加：以前年度损益调整Income before tax 利润总额Less: income tax 减：所得税Net income 净利润Statement of profit apropriation and distribution (audited) 利润分配表Item 工程Net income 净利润Add: undistributed profit at beginning of year 加：年初未分配利润Other transferred in 其他转入Profit available for distribution 可供分配的利润Less: statutory surplus from profits 减：提取法定盈余公积Statutory public welfare fund 提取法定公益金Staff and workers’ bonus and welfare fund职工奖励及福利基金Reserve fund 提取储藏基金Enterprise expansion fund 提取企业开展基金Profit capitalized on return of investments 利润归还投资Profit available for distribution to owners 可供投资者分配的利润Less: dividends payable for preferred stock 应付优先股股利V oluntary surplus from profits 提取任意盈余公积Dividends payable for common stock 应付普通股股利Dividends transferred to capital 转作股本的普通股股利Undistributed profit 未分配利润3、Cash flows statement 现金流量表工程 Item NO。
会计英语Unit 3[精]
![会计英语Unit 3[精]](https://img.taocdn.com/s3/m/42b1678665ce0508763213fc.png)
A.Decrease assets and decrease owner’s equity
B.Increase liabilities and decrease owner’s equity
C.Have no effect on total assets
多步骤的 会计循环 概述 任意地 记账 日记账 分类账 试算平衡表 权责发生制 调整
Notes
Unit Three
accounting period: 会计期间，亦称fiscal period 。根据持续 经营假设，将不断循环的经营过程划分为适当的时间段落， 而在每一段落结束时，办理一次结算，这种划分时间段落作 为计算盈亏的时间单位，称为会计期间。会计期间可以与日 历年度一致，也可以与日历年度不一致。
Warming-up
Unit Three
In a computerized accounting system, the software automatically records and posts transactions. The ledger and supporting records are maintained in computerized master files. In addition, a work sheet is normally not prepared. So the accounting process that begin with analyzing and journalizing transactions and ends with summarizing and reporting these transactions is called the accounting cycle.
英文版财务会计第三章
Analyzing Transactions
Accounting, 21st Edition
Warren Reeve Fess
PowerPoint Presentation by Douglas Cloud
Professor Emeritus of Accounting Pepperdine University
2)An account is simply a record of all the increases and decreases in a financial statement item (such as cash, supplies, and accounts payable).
3)A group of accounts is called a ledger.
© Copyright 2004 South-Western, a division of Thomson Learning. All rights reserved.
Task Force Image Gallery clip art included in this
electronic presentation is used with the permission of
2)For most businesses, this system would be inefficient. For example, in the prior chapter all business transactions affecting owner’s equity were recorded in the capital account. Chapter 2 :in the following accounts: capital, drawing, revenue, and expense accounts.
会计英语3-1
Key words
• Cash 现金 • Cash equivalent 现金等价物 • Trading securities 交易性金融资 产 • Receivables 应收款项来自P161-162cash
• • • • • •
p162
Money orders 汇款单 Demand deposits 活期存款 Savings accounts 储蓄存款帐户 Certificates of deposit 存单，存折 存单， IOU—I owe you 借条 Post-dated cheque 远期支票
timing differences
• P167 • Case
• The bank statement for ABC Co. shows a balance of $ 3 359.78 as of July 31. The cash balance in ABC Co. ledger as of the same date is $2 549.99. The reconciling items are revealed as follows:
Cash equivalent
• Commercial paper 商业票据， 商业票据，商业本票 • Treasury bill 短期无息国库券
p162
An effective system of internal control
• Competent, reliable, and ethical personnel • Assignment of responsibilities • Proper authorization • Separation of duties
p163
ACCAP3知识点总结
ACCAP3知识点总结ACCAP3是ACCA(特许公认会计师)课程的第三阶段，在ACCA考试的过程中是非常重要的一个阶段。
在这个阶段，学员需要掌握更加深入复杂的会计知识，具备扎实的专业能力和解决问题的能力。
以下是ACCAP3的知识点总结：1.管理会计管理会计是指为企业内部管理决策服务的会计。
在ACCAP3课程中，学员需要掌握管理会计的基本概念和技巧，包括成本-收益分析、成本分类、成本控制、绩效评估等方面的知识。
此外，学员还需要了解现代管理会计技术的应用，如活动基础成本管理、质量成本管理、目标成本管理等。
2.管理决策管理决策是管理会计的核心内容之一，涉及企业内部各个方面的决策。
在ACCAP3课程中，学员需要掌握管理决策的基本原理和方法，包括差异分析、边际成本、机会成本等概念。
此外，学员还需掌握现代管理决策模型的应用，如线性规划、灵敏度分析、风险分析等。
3.财务管理财务管理是企业财务决策的核心内容，包括资金管理、投资管理、风险管理等方面。
在ACCAP3课程中，学员需要掌握财务管理的基本原理和技巧，包括财务报表分析、资本预算、财务风险管理等。
此外，学员还需了解国际财务管理的相关规范和标准，如国际金融报告准则(IFRS)。
4.企业战略企业战略是企业长期发展的规划和决策，包括市场定位、竞争战略、资源配置等方面。
在ACCAP3课程中，学员需要掌握企业战略的基本概念和方法，包括SWOT分析、价值链分析、波特五力分析等。
此外，学员还需了解战略规划的实施过程和方法，如平衡计分卡、战略地图等。
5.风险管理6.企业伦理企业伦理是企业社会责任的核心内容，包括企业与员工、客户、股东、社会等各方面的道德义务。
在ACCAP3课程中，学员需要掌握企业伦理的基本原则和规范，包括公平、诚信、责任等。
此外，学员还需了解企业伦理的实施要求和方法，如道德决策模型、伦理审计等。
会计英语Unit 3
L: Then the item transaction will be seen in the financial statements?
M: I know.
3.1 Accounting Cycle
Before we start to learn the basic process of accounting cycle, it’s necessary to have some knowledge of the accounting source documents. They are the beginning of an accounting cycle. Source documents are original documents, which record the occurrence and completion of economic transactions. They are usually filled in by the business clerks, according to the process of economic transactions.
实用会计英语unit3简明教程PPT课件
A. Look at the pictures and match them with the correct words in the box.
学 以 致 用
3-5
实用会计英语 / Practical Accounting English
MODULE 1
A. Reading material
1. Operations cycle of a merchandising business Major operational activities of merchandising businesses are purchases and sales of merchandise. A merchandising company begins its operations with purchases of goods from businesses (such as manufacturers, wholesalers, distributors etc.) ， and earns sales revenue through sales of merchandises. 2. Typical accounts relevant to merchandise operations
1. 商业企业经营循环 商业企业主要的经营活动是 采购和销售商品。一个商业企业 的经营始于从 ( 像制造商、批发 商和分销商等 ) 这样的企业采购 商品，并通过销售商品赚取销售 收入。 2. 和商业经营相关的典型 会计科目
–
–
–
库存商品：在企业正常经营 范围内而持有的用于再销售 的商品。 销售收入：销售商品而获得 的收入。 商品销售成本：采购库存商 品和为了准备将库存商品用 于再销售而产生的花费。
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SEMINAR 3: ADJUSTING ENTRIES
Powerpoint slides prepared by Phil Johnson in 2015 for John Wiley & Sons Australia Ltd
LEARNING OBJECTIVES
Expenses incurred, but not yet paid for or entered e.g. wages earned by employees, but not yet paid
$$$
Last Year
Expense
Expense
$$$
Next Year
13
Current Year
9
3.
CLASSIFICATION OF ADJUSTING ENTRIES
Prepaid Expense
Costs/expenses paid before they are consumed
Deferrals (Prepayments)
Unearned Revenue
Revenues that are collected or received but not yet earned
11
ADJUSTINGຫໍສະໝຸດ ENTRIES RevenueUnearned revenue
Revenues collected in advance, but not yet earned e.g. magazine subscription received in advance
Accrued revenue
Prepaid Rent Initial Entry 1 200 Adjusting Entry 400
400 400
Rent Expense Adjusting Entry 400
Costs expired and allocated to current period 16
DEFERRALS: PREPAID EXPENSES
• Cash paid before benefits are consumed/expire • Initially recorded as an asset when paid • At the end of the period the amount consumed/expired is expensed.
8
THE NEED FOR ADJUSTING ENTRIES
• In many cases the period in which cash is paid or received does not coincide with period in which expense and income are recognised • Therefore, in order for our statements to reflect what has actually happened, some accounts must be adjusted on the last day of the accounting period to correctly recognise income and expenses not reflected in cash receipts or payments
– Income Statement Accounts – Reduced to zero balance at the end of each accounting period (closed) – Reset the business “stopwatch”
• Permanent (Real) Accounts
– That is revenue or expense
• The other side of the entry affects an account reported in the balance sheet
– That is asset or liability
• Cash is never adjusted!
1 200 120
1 320
15
EXAMPLE: PREPAID RENT
• On 30 June only one month of rent has expired ($1,200 ÷ 3 months = $400)
General Journal
Jun 30 Rent Expense Prepaid Rent (Adjusting entry for rent)
General ledger (Accounts Adjusted) Trial balance (Adjusted)
Work sheet
7. Prepare adjusted trial balance
8. Prepare financial statements
Financial Statements
• On 1 June the following entry was made to record rent covering the a period of 3 months:
General Journal Jun 5 Prepaid Rent GST Outlays
Cash at Bank (Payment of rent for 3 months)
3
INCOME (INCLUDING REVENUE)
• Accounting definition
– increases in economic benefits during the period in the form of inflows or enhancements of assets or decreases in liabilities – Result in increases in equity – Not contributions by the owners
12
Current Year
ADJUSTING ENTRIES Expenses
Prepaid expenses
Expenses paid for before they are consumed e.g. Insurance premium paid 12 months in advance
Accrued expenses
• Expenses are recognised in the period in which the consumption of costs can be measured.
5
TEMPORARY AND PERMANENT ACCOUNTS
• Temporary (Nominal) Accounts
• Income = Revenue + Gains • Recognised at the fair value of assets received
– Usually cash, but can be property or services
4
EXPENSES
• Accounting definition
1. Describe the difference between the cash basis and the accrual basis of measuring profit 2. Explain the accounting cycle and the need for end-ofaccounting-period adjusting entries 3. Identify and prepare the different types of adjusting entries 4. Prepare an adjusted trial balance and financial statements 5. Describe the difference between current and non-current assets and liabilities
– Decreases in economic benefits during the period in the form of outflows or depletions of assets or incurrences of liabilities – Result in decreases in equity – Not distributions to the owners
– Balance Sheet Accounts – Ending balances carried forward to next accounting period
6
2. EXPANDED ACCOUNTING CYCLE INCLUDING ADJUSTING ENTRIES
1. Recognise & record transactions
2. Journalise transaction Source documents
General journal
3. Post to ledger accounts
General ledger
4. Prepare unadjusted trial balance of general ledger
ASSET ACCOUNT Prepaid Expense
EXPENSE ACCOUNT Adjusting Entry Debit
Initial Cost Debit
Adjusting Entry Credit
Costs consumed or expired
14
EXAMPLE: PREPAID RENT