Liabilities and Equity(英文版)(ppt 44页)

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财务会计assets-liabilities-and-equityppt课件

later for costs that have been incurred to earn revenue. – salaries and wages – electricity and gas – supplies used – advertising
Accounting for Business Transactions
Economic Resources
Claims to Economic Resources
Assets
What is an asset? It is something a company owns or controls which has
future economic value. – land – building – equipment – goodwill
effect on the accounting equation. Define and understand all the steps in the complete accounting cycle. Explain the rules of debit and credit and how to apply these rules in
Module 2: Business Elements and Transactions
OBJECTIVES Define assets, liabilities and owners’ equity and understand the
relationship of revenues and expenses to owners’ equity Describe the accounting concepts and terms that help record the

Liabilities and Equity(英文版)(ppt 44页)

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2 -5
Income Statement
Sales COGS Other expenses
EBITDA Depr. & Amort.
EBIT Interest exp.
EBT Taxes (40%) Net income
Copyright © 2001 by Harcourt, Inc.
2000
1999
5,834,400 3,432,000
5,728,000 2,864,000
680,000 340,000
(573,600) 228,000
116,960
18,900
(,000
62,500
(866,560) (346,624) (519,936)
2 -1
Copyright © 2001 by Harcourt, Inc.
All rights reserved.
2 -2
CHAPTER 2
Financial Statements, Cash Flow, and Taxes
Balance sheet Income statement Statement of cash flows Accounting income vs. cash flow MVA and EVA Personal taxes Corporate taxes
NET CHANGE IN CASH
(50,318)
Plus: Cash at beginning of year 57,600
Cash at end of year
7,282
Copyright © 2001 by Harcourt, Inc.

ppt07 Liabilities 会计英语(第四版) 教学课件

8
Interest Payable Example
What entry would Porter Company make on December 31, the fiscal year-end?
D ate
D es c rip tio n
D eb it
C red it
YE SUN AccountingEnglish
income tax payable of $9,000.
Income
Tax
Statement Return Difference
Revenues Less:
Depreciation Other expenses
$ 1,000,000 $1,000,000 $
-
200,000 650,000
320,000 650,000
payable is recorded in an account called
deferred taxes.
YE SUN AccountingEnglish
15
Deferred Income Taxes Example
Examine the December 31, 1998 information for X-Off Inc.
taxes following tax
law.
YE SUN AccountingEnglish
14
Deferred Income Taxes
GAAP is the set of rules for preparing financial statements.
The tax law is the set of rules for preparing

资产负债表英文课件

Deferred Tax LiabilityAmounts that report the future tax sequences of events that have occurred in prior years but have not yet been taxed
02
Asset category
Current assets
Cash and cash equivalents - Sum of cash, coins, and checks that are immediately available
Inventory - Stock of raw materials, work in progress, and finished goods
Components
Equity companies paid in capital, retained earnings, and other comprehensive income
Importance
Equity provides a measure of the financial well being of a company and serves as a basis for evaluating its performance and making investment decisions
03
Copyright - Protects original works of authorship
04
Technology licenses - Give the company the right to use someone else's technology or intellectual property

会计英语(第二版)第一章中英文互译

会计英语第一章Exercises1-1The following selected transactions were completed by Castle Delivery Service during November:(1)Received cash from owner as investment ,$2,000.(2)Paid advertising expense ,$500.(3)Purchased supplies of gas and oil for cash , $750.(4)Received cash from cash customers $2,500.(5)Paid creditors on account $480.(6)Paid cash to owner for personal use ,$600.Indicate the effect of each transactions on the accounting equation by a check mark listing theTranslation:1-1下列交易事项挑选自Castle Delivery Service公司十一月份的交易：（1）收到投资者现在投资2000美元（2）支付广告费500美元（3）现在购买汽和油，750美元（4）从购买者收到现金收入2500美元（5）偿还债权人借款480美元（6）支付现金给所有者作为个人用途600美元1-2Foreman Corporation, engaged in a service business , completed the following selected transactions during the period:1)Added additional investment, receiving cash2)Purchased supplies on account3)Returned defective supplies purchased on account and not yet paid for4)Received cash as a refund from the erroneous overpayment of an expense5)Charged customers for services sold on account6)Paid salary expense7)Paid a creditor on account8)Received cash on account from charge customer9)Paid cash for the owner’s personal use10)Determined the amount of supplies used during the monthTranslation :Foreman是一家从事服务行业的公司，以下是该公司在一段时间内的交易事项。

ch11CurrentLiabilities财务会计英文版课件

10,000
May 31. Bowden Co. issued a 60-day, 12% note for $10,000 to Coker on account.
Short-Term Notes Payable
Bowden Co. (Borrower)
Coker Co. (Creditor)
Description
A firm issues a 90-day, 12% note for $1,000, dated August 1, 2006 to Murray
Co. for a $1,000 overdue account.
Aug. 1 Accounts Payable—Murray Co. Notes Payable Issued a 90-day, 12% note on account.
1. Good employee relations demand that payrolls be calculated accurately and paid as scheduled.
2. Payroll expenditures are subject to a variety of federal, state, and local taxes.
On August 10, Cary Company issues a $20,000, 90-day note to Rock Company in exchange for
inventory. Rock discounts the note at 15%.
Aug.10 Merchandise Inventory Interest Expense Notes Payable Issued a 90-day, note to Rock Co. discounted at 15%.

财务管理专业英语PPT课件

2020/2/21
山东轻工业学院商学院
9
1）Account、Accounting & Accountant
Accountant：会计师、会计人员 Certified Public Accountant 注册会计师（CPA）
2020/2/21
山东轻工业学院商学院
10
2）Assets、Liabilities & Owner’s Equity
2020/2/21
山东轻工业学院商学院
16
Cash
$50,000 Current liabilities (4)
Accounts receivable 50,000 Long-term debt
(5)
Inventory
(1)
Shareholders’ equity (6)
Plant and equipment
10% Total assets turnover = 2 times Sales = $2 million Debt ratio = 50%
9. Capital Structure 资本结构
10. Dividend Policy 股利政策
11. Working Capital Management 营运资本管理
2020/2/21
山东轻工业学院商学院
5
一、Contents—内容
12. International Financial Management 国际财务管理
会计科目；账户
2020/2/21
山东轻工业学院商学院
8
1）Account、Accounting & Accountant
Accounting：会计、会计学 Financial Accounting and Managerial Accounting are two major specialized fields in Accounting. 财务会计和管理会计是会计的两个主要的专门领域。 Accounting elements 会计要素

Unit 7 Liabilities

Trade accounts payables consist of 由…组成 those liabilities which are related to the trade of the business. 应付贸易账款是由和商业贸易有关的负债所组成的。 Liability to pay for goods or services which have been received and invoiced from supplier with the agreed timing and amount and for which there was not a promissory note (期票，本票). ① Trade payables are owned to suppliers of goods and services, e.g. raw materials’ supplier, or telephone company, electricik loans 银行贷款
Bank loan is a fixed amount for a fixed term with regular fixed repayments. ① When a loan is being repaid over a period longer than one year, the amount outstanding 未偿付余额 will be split in the statement of financial position. Payment < 1yr as current liabilities, the balance shown under non-current liabilities.
Learning objectives

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2 -1
Liabilities and Equity(英文版)(ppt 44页)
Copyright © 2001 by Harcourt, Inc.
All rights reserved.
2 -2
Balance Sheet: Assets
Cash AR Inventories
Total CA Gross FA Less: Deprec.
Net FA Total Assets
2000
7,282 632,160 1,287,360 1,926,802 1,202,950 263,160 939,790 2,866,592
Copyright © 2001 by Harcourt, Inc.
1999
57,600 351,200 715,200 1,124,000 491,000 146,200 344,800 1,468,800
(690,560) 209,100
176,000
62,500
(866,560) (346,624) (519,936)
146,600 58,640 87,960
All rights reserved.
2 -5
Other Data
No. of shares EPS DPS Stock price Lease pmts
= -$414,336.
NOPAT99 = $125,460.
Copyright © 2001 by Harcourt, Inc.
All rights reserved.
2 - 11
What effect did the expansion have on net operating working capital (NOWC)?
Subtract (Uses of cash): Increase in A/R Increase in inventories
Net cash provided by ops.
Copyright © 2001 by Harcourt, Inc.
(519,936) 116,960 378,560 353,600 (280,960) (572,160) (523,936)
2 - 10
Did the expansion create additional net operating profit after taxes (NOPAT)?
NOPAT = EBIT(1 – Tax rate)
NOPAT00 = -$690,560(1 – 0.4) = -$690,560(0.6)
520,000 676,568 (11,000) 1,150,318)
Plus: Cash at beginning of year 57,600
Cash at end of year
7,282
Copyright © 2001 by Harcourt, Inc.
The firm borrowed $1,185,568 to meet its cash requirements.
Even after borrowing, the cash account fell by $50,318.
Copyright © 2001 by Harcourt, Inc.
All rights reserved.
Balance of retained earnings, 12/31/99 Add: Net income, 2000 Less: Dividends paid
Balance of retained earnings, 12/31/00
Copyright © 2001 by Harcourt, Inc.
Copyright © 2001 by Harcourt, Inc.
2000
100,000 ($5.199) $0.110
$2.25 $40,000
1999
100,000 $0.88 $0.22 $8.50
$40,000
All rights reserved.
2 -6
Statement of Retained Earnings (2000)
EBT Taxes (40%) Net income
Copyright © 2001 by Harcourt, Inc.
2000
1999
5,834,400 3,432,000
5,728,000 2,864,000
680,000 340,000
(573,600) 228,000
116,960
18,900
All rights reserved.
2 -3
Copyright © 2001 by Harcourt, Inc.
All rights reserved.
2 -4
Income Statement
Sales COGS Other expenses
EBITDA Depr. & Amort.
EBIT Interest exp.
All rights reserved.
2 -9
What can you conclude about D’Leon’s financial condition from its
statement of CFs?
Net cash from operations = -$523,936, mainly because of negative NI.
$203,768 (519,936)
(11,000)
($327,168)
All rights reserved.
2 -7
Statement of Cash Flows (2000)
OPERATING ACTIVITIES Net income
Add (Sources of cash): Depreciation Increase in A/P Increase in accruals
All rights reserved.
2 -8
L-T INVESTING ACTIVITIES Investment in fixed assets
(711,950)
FINANCING ACTIVITIES Increase in notes payable Increase in long-term debt Payment of cash dividends Net cash from financing