会计英语简明版 Lesson 7 Longterm Assets.ppt
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财务管理基础课件：Long-Term Debt and Lease Financing
– Debenture: Unsecured, long-term corporate bond with a general claim against the corporation
• May be high-ranking and subordinated
– Subordinated debenture
• Market conditions will influence:
– Timing of new issues – Coupon rate offered – Maturity date
• Bonds do not maintain stable long-term price patterns
– This process is labeled as a refunding operation
• It is made feasible by the option of call provision
16-15
Capital Budgeting Problem
• The refunding decision involves:
bond principal is due
• Bond indenture, a supplement to the bond agreement
16-5
Security Provisions
• Secured debts have specific assets pledged to bondholders in the event of default
16-13
Examining Actual Bond Ratings
• High rated securities carry lower risk and hence the lower interest payments
• May be high-ranking and subordinated
– Subordinated debenture
• Market conditions will influence:
– Timing of new issues – Coupon rate offered – Maturity date
• Bonds do not maintain stable long-term price patterns
– This process is labeled as a refunding operation
• It is made feasible by the option of call provision
16-15
Capital Budgeting Problem
• The refunding decision involves:
bond principal is due
• Bond indenture, a supplement to the bond agreement
16-5
Security Provisions
• Secured debts have specific assets pledged to bondholders in the event of default
16-13
Examining Actual Bond Ratings
• High rated securities carry lower risk and hence the lower interest payments
会计英语第七章
The major items include:
share
capital ( 股本 ) retained earnings/profits
share capital
Share capital or capital stock (US English) refers to the portion of a company's equity that has been obtained (or will be obtained) by trading stock to a shareholder for cash or an equivalent item of capital value. For example, a company can issue shares in exchange for computer servers, instead of purchasing the servers with cash.
预算 产品成本 所得税 毛利 原材料 劳动力 公式
EBIT (earnings before interest and taxes) 息税前利润
expenditure (支出) and expense (费用)
An expenditure is not necessarily the same as an expense, since an expense represents the reduction in value of an asset, whereas an expenditure simply indicates the procurement (采购)of an asset.
Patents and Trademarks are rights to use patents and rights to valuable brand names or logos (such as “Lenovo”).
会计英语unit 7 Assets—Current Assets Ⅱ
50,000
(2)Accounting of Uncollectible Receivables -Bad Debts
Definition
All receivables shall be cleared and collected on time and shall be checked with related parties periodically. Regardless of the caution used in granting credit and the collection procedures used, a part of the credit sales may still become uncollectible. This is called bad debts.
7
2020/10/14
Cash Discount
It normally appears as “2/10,1/20,n/30” on the invoice. 2/10 means a discount of 2% of the gross invoice price
is deductible for payments within 10 days; 1/20 means 1% deductible for payments within 20 days; n/30 means that no discount if the payment is after 30
Dr. Provision for Bad Debts Cr. Accounts Receivable
2,000 2,000
25
2020/10/14
When bad debt written off is recovered again
大学课程《会计英语》PPT课件：Chapter 7 Unit 2
Bond Certificate
A bond certificate is issued to the investor to provide evidence of the investor’s claim against the company.
The bond certificate provides information such as the name of the company that issued the bonds, the face value of the bonds, the maturity date of the bonds, and the contractual interest rate.
The issuance of bonds payable is the equivalent of splitting a large loan into a great many units, called bonds. Each bond is, in essence, a long-term interest-bearing note payable.
Interest Rate, Face Value and
Maturity Date
Usually the contractual rate is stated as an annual rate, and interest is generally paid semiannually. The face value is the amount due at the maturity date. The maturity date is the date that the final payment is due to the investor from the issuing company.
《财务会计英语》课件
演讲人姓名
Definition of Financial Accounting
Summary: Financial Accounting is a process of recording, categorizing, and summarizing financial transactions and events in a systematic manager to provide information about the financial position, performance, and changes in the financial position of an entity to interested parties
Cost calculation and expense allocation
Summary: Formulation of cost sharing standards Detailed description: Develop reasonable cost allocation standards and allocate indirect expenses to specific cost objects. The formulation of cost sharing standards should consider relevant factors, such as direct labor, machine hours, etc., to ensure the rationality and accuracy of cost sharing. At the same time, the allocation standards should be regularly evaluated and adjusted to reflect changes in the company's business and the actual occurrence of expenses.
Definition of Financial Accounting
Summary: Financial Accounting is a process of recording, categorizing, and summarizing financial transactions and events in a systematic manager to provide information about the financial position, performance, and changes in the financial position of an entity to interested parties
Cost calculation and expense allocation
Summary: Formulation of cost sharing standards Detailed description: Develop reasonable cost allocation standards and allocate indirect expenses to specific cost objects. The formulation of cost sharing standards should consider relevant factors, such as direct labor, machine hours, etc., to ensure the rationality and accuracy of cost sharing. At the same time, the allocation standards should be regularly evaluated and adjusted to reflect changes in the company's business and the actual occurrence of expenses.
会计英语第七单元课件
2 This flow of data is the same in either a manual or a computerized accounting systems. 3 small companies: may not be necessary 4 work sheet is a useful device for understanding the flow of the accounting data from the unadjusted trial balance to the financial statements.
250
250
50 43400
50 9755 16960 33645
50 26440
Income statement : Cr. $16960 – Dr. $9755 = $7205 (net income) Balance sheet: Dr. $33645 – Cr. $26440 = $7205 $7205 + $26440 = $33645 (net income increases OE)
4000
16340 4275 250 500
1600
985
15Supplies 800 expense 16 Misc. 455 Expense 17 Total 42600 42600 18Insuranc e expense 19 Rent revenue
1240
100
120
20Wages payable 21Depreciation expense 22Accumulated Depreciation Total
Unit Seven Accounting Cycle
Inventory-and-Long-lived-AssetsPPT模板
永续盘存制 存货盘存制 加权平均法 商品存货 单位成本
6. merchandise inventory 7. inventory system 8. last-in, first-out (LIFO) 9. perpetual inventory system 10. inventory costing method
Part 1 Workplace Spoken English
1. Follow the Samples
A：Wilson, could you explain what’s going on here with these monthly statements? B：Sure, Lucy. How can I help you? A：I don’t understand this last-in, first-out inventory procedure. It just doesn’t make
Inventory
New Words and Special Terms
1. merchandise ['mɜːtʃəndaɪz] v. 经营，推销
2. identical [aɪ'dentɪkl]
a. 同一的，相同的
3. differentiate [;dɪfə'renʃɪeɪt] v. 区别，区分
7
Exercises
1. What are the inventories?
————————————————————————————————————
2. Why is inventory classified as current asset?
————————————————————————————————————
会计专业英语 Lesson Seven 第七课 课件 教案
• A typical sequence of events • 典型的顺序如 is as follows: 下： • （1）A request for a • （1）当需要购 purchase,called a purchase 买某些商品或 requisition,is initiated by the 者某些存货的 person in charge of 数量低于再定 merchandise stock records 货点时，负责 whenever certain items are 存货记录的人 needed or when quantities of 员可填写请购 certain merchandise fall 单交购货部门。 below established reorder points.The requisition is forwarded to the purchasing department.
• 1月1日 • 销售商品$5000给K· 奥 利森，发票#101，付款 提货，到达站交货，货 到收运费。收到奥利森 的支票计$4800，即已 减去由他代付给承运商 的运费$200后的净额。
• 借：现金 4800 • 销货运费 200 • 贷：销货 5000 • （记入现金收入日记账）
New Words, Phrases and Special Terms
LESSON SEVEN
AN ILLUSTRATION 实例
• We shall list a few • 我们将列举若干 transactions to demonstrate 笔交易来说明它 how they are recorded in 们是怎样记录在 the several journals 第六课所表述的 mentioned in Lesson Six. 那几种日记账中 Pay attention to the credit 的。请注意各笔 terms involved in respective 交易中包含的赊 transactions. Note that cash 账条件。并请注 discounts are calculated on 意：现金折扣是 the billed price of 根据在每笔购货 merchandise retained in a 或销货中留下的 purchase or sale-not on 商品发票价格计 amounts representing 算的，不涉及表 returns and allowances or 示退货、折让或 transportation costs. 运输费用的金额。
立信《会计专业英语》课件Lesson seventeen
New words, phrases and special terms
Carrying cost 账面成本 The cost of holding stock from the date of receipt to the date of disposal, or for any other specified period. These costs include warehousing, insurance, and security.
New words, phrases and special terms
Historical cost 历史成本
A method of valuing units of stock or other assets based on the original cost incurred by the organization. For example, the issue of stock using first-in-first-out cost or average cost charge the original cost against profits. Similarly, the charging of depreciation to the profit and loss account, based on the original cost of an asset, is writing off the historical cost of the asset against profits. An alternative approach is the use of current cost accounting.
New words, phrases and special terms
会计英语课件 (1)
The term amortization is used to describe the write-offexpense of the cost of an intangible asset over its useful tion of limited-usefullife intangible assets is essentially the same process as the depreciation of tangible assets.
Factors Affecting Depreciation
Four factors that influence depreciation are cost of the asset; estimated residual value (or salvage value); estimated service life; and depreciation method.
It is important to note that goodwill arises only as part of a purchase transaction. The buying company may be willing to pay more than the fair value of the acquired net assets other than goodwill because the acquired company has a strong management team, a favorable reputation in the marketplace, superior production methods, or other unidentifiable intangible things.
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9
Investments in Debt Securities: Trading Security
Compute gain: FMV less Acquisition cost $1,000,000 less $924,183 = $75,817
Securities Fair Value (Trading) 75,817 Unrealized Holding Gain or Loss - Income
Lesson 7
Long-term Assets
YE SUN AccountingEnglish@2009
1
Type of long-term assets
Investment PP&E Natural resources Intangible assets Other assets
YE SUN AccountingEnglish@2009
Given: Investment in Debt Security
Amortization Schedule (Discount Issue)
End of year
Carrying Interest Cash Received Amortized Fair
Value (beg) Revenue for Interest cost (end) Value
The holding period is usually less than 3 months
The securities are reported at fair value
Unrealized gains and losses are reported as part of net income
These securities are accounted for at amortized cost, not fair value.
YE SUN AccountingEnglish@2009
7
Investments in Debt Securities: Example
Investment in debt security: (Issue at a discount)
End of year 1
$1,000,000
End of year 2
$ 975,000
Compute gains or losses for the three types of debt securities
YE SUN AccountingEnglish@2009
8
Investments in Debt Securities: Example
Any discount or premium is not amortized.
YE SUN AccountingEnglish@2009
5
Available-for-Sale Debt Securities
These investments are reported at fair value in the balance sheet. Differences between the fair value and amortized cost are reported as unrealized holding gains and losses (part of equity) When realized, gains and losses in fair value are reported as part of net income
YE SUN AccountingEnglish@2009
6
Held-to-Maturity Debt Securities
The operating entity has both:
a positive intent to hold the securities, and
the ability to hold them to maturity
Cost to investing entity:
$ 924,183
Par value:
$ 1,000,000
Discount
$ 75,817
Effective rate of interest:
1Байду номын сангаас%
Stated (contractual) rate:
8%
Fair value of security:
TRADING Securities
Record at fair value
M.V.changes recorded as part of income
Available for Sale
Held-toMaturity
Record at fair value
Record at Amortized cost
M.V.changes recorded as other income or as part
M.V. changes not recognized
ofYEeSqUuNiAtyccountingEnglish@2009
4
Trading Securities
Trading securities are used to generate profits from short term differences in prices.
2
Investments in debt securities
YE SUN AccountingEnglish@2009
3
Debt Securities: Types and Reported Amounts
Debt Instruments representing a CREDITOR relationship
75,817
Add to Trading Securities in balance sheet
924,183 (in mil)
924,183 92,418 80,000
936,601 1,000,000
936,601 93,660 80,000
950,262 975,000
Effective rate = 10%; Stated Rate = 8%; Par = $1,000,000
YE SUN AccountingEnglish@2009