会计学英语电子版课件08
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会计学英语电子版ppt课件
Land Buildings Vehicles Computers Furniture Equipment
15
Operating Activities
Primary activity of business
Selling goods Providing services Manufacturing Cost of Sales Advertising Paying employees Paying utilities
3. Explain the three principal types of business activity.
4. Describe the content and purpose of each of the financial statements.
3
Study Objectives
5. Explain the meaning of assets, liabilities, and stockholders’ equity, and state the basic accounting equation.
6. Describe the components that supplement the financial statements in an annual report.
4
111 Forms of Business Organization
Sole proprietorship Partnership Corporation
11
Users of Financial Information
External Users Ask?
12
311
Types of Business Activity
15
Operating Activities
Primary activity of business
Selling goods Providing services Manufacturing Cost of Sales Advertising Paying employees Paying utilities
3. Explain the three principal types of business activity.
4. Describe the content and purpose of each of the financial statements.
3
Study Objectives
5. Explain the meaning of assets, liabilities, and stockholders’ equity, and state the basic accounting equation.
6. Describe the components that supplement the financial statements in an annual report.
4
111 Forms of Business Organization
Sole proprietorship Partnership Corporation
11
Users of Financial Information
External Users Ask?
12
311
Types of Business Activity
大学课程《会计英语》PPT课件：Chapter 8 Unit 1
管理当局 Securities and Exchange Commission 美国的
证券交易委员会
Forms of Business Organizations
The element of owners’ equity will differ depending on the nature of the organization. A business enterprise may be organized as: a single proprietorship a partnership a corporation.
(4) Unlimited Liabilities
Each partner is personally responsible for all the debts of the firm. The lack of any ceiling on the liability of a partner may deter a wealthy person from entering a partnership.
A proprietorship itself is not subject to taxation of income. Rather, the income or loss derived from the proprietorship is included and taxed in the personal tax return of the proprietor.
Chapter 8
Unit 1 Forms of Business Organizations Unit 2 Accounting for Owners’ Equity in
Different Forms of Organizations
证券交易委员会
Forms of Business Organizations
The element of owners’ equity will differ depending on the nature of the organization. A business enterprise may be organized as: a single proprietorship a partnership a corporation.
(4) Unlimited Liabilities
Each partner is personally responsible for all the debts of the firm. The lack of any ceiling on the liability of a partner may deter a wealthy person from entering a partnership.
A proprietorship itself is not subject to taxation of income. Rather, the income or loss derived from the proprietorship is included and taxed in the personal tax return of the proprietor.
Chapter 8
Unit 1 Forms of Business Organizations Unit 2 Accounting for Owners’ Equity in
Different Forms of Organizations
会计专业英语PPT
Management accounting (next page)
Management accounting:
use both historical data in assisting management daily operations and in planning future operations.
concepts one more time. • Combine both freely but English is more
important.
二 Improve English by ….
– Read textbook in class and after class – Remember new words – Answer questions in exercise is important – Overlook some parts while emphasizing some
• Financial accounting: provides external reports o outsiders, financial information.
2 Reporting management information to internal users
Internal users are senior management-level personnel.
• What do you think?
二 Functions
1 Reporting financial information to outside interested users
• Outside users are:investors,banks and other creditors,government agencies,general publics
Management accounting:
use both historical data in assisting management daily operations and in planning future operations.
concepts one more time. • Combine both freely but English is more
important.
二 Improve English by ….
– Read textbook in class and after class – Remember new words – Answer questions in exercise is important – Overlook some parts while emphasizing some
• Financial accounting: provides external reports o outsiders, financial information.
2 Reporting management information to internal users
Internal users are senior management-level personnel.
• What do you think?
二 Functions
1 Reporting financial information to outside interested users
• Outside users are:investors,banks and other creditors,government agencies,general publics
会计英语ppt课件共27页文档
16、云无心以出岫，鸟倦飞而知还。 17、童孺纵行歌，斑白欢游诣。 18、福不虚至，祸不易来。 19、久在樊笼里，复得返自然。 20、羁鸟恋旧林，池鱼思故渊。
会计英语ppt课件
COURSE OUTLINE Part 1:Research Methods in ACC/FIN Part 2: Basic Theoretical Issues in ACC/FIN
2. Developing a research plan 3. Models 4. Data
Published, existing, to be collected, qualitative and quantitative
5. Analysis 6. Writing, presentation, review
• Over-riding theme BE METHODICAL
• When you get to the literature review take careful notes – set up some sort of filing system
– It is your choice whether it is electronic, physical or a combination but Endnote is useful for references
Part 3: Special Topic in ACC/FIN
ACC/FIN RESEARCH METHODS
INTRODUCTION TO RESEARCH
Cui Zhe School of Business Nantong University
OBJECTIVE
• To ensure you have the skills necessary to produce an excellent dissertation
会计英语ppt课件
COURSE OUTLINE Part 1:Research Methods in ACC/FIN Part 2: Basic Theoretical Issues in ACC/FIN
2. Developing a research plan 3. Models 4. Data
Published, existing, to be collected, qualitative and quantitative
5. Analysis 6. Writing, presentation, review
• Over-riding theme BE METHODICAL
• When you get to the literature review take careful notes – set up some sort of filing system
– It is your choice whether it is electronic, physical or a combination but Endnote is useful for references
Part 3: Special Topic in ACC/FIN
ACC/FIN RESEARCH METHODS
INTRODUCTION TO RESEARCH
Cui Zhe School of Business Nantong University
OBJECTIVE
• To ensure you have the skills necessary to produce an excellent dissertation
会计英语八章 优质课件
Few companies that grant credit to customer get away from suffering credit losses. The losses due to uncollected accounts from customers are generally described as bad debts.
The answer is clear that granting credit results in high inventory turnover and increasing sales volume. Even though bad debits incurred, most of the product cost is recovered, and the return of income offsets the uncollectible accounts enough.
(2) notes receivable
(3) other receivable
Accounts receivable are amount due from customers. They arise from selling goods or services on credit. Accounts receivable are expected to be collected within one year and are classified as current assets on the balance sheet.
That is, bad debt is recorded only when actual loss is confirmed.
会计英语第八单元课件
二 Income Statement
1 Definition : ► Shows: ► (1)the results of operations for a business ► (2)matching revenue and the related expenses ► (3)for a particular accounting period (during a given time)
2 sources: ► BS/IS: TB ► CFS: account balances/changes/entries 3 style : ► BS/IS: manual or computerized ► CFS: hand prepare 4 format : Direct preparation Approach Indirect preparation Approach
►5
What the definition of cash flow statement? And how often dose it prepare? ► 6 Grasp the preparation of cash flow statement: format, heading and body, classifications ► 7 Prepare the statement of Owner’s Equity.
三 Cash flow statement:
1 Definition: ► cash--------- currency. (the amount of founds that can be accessed by the company at any time, or on demand) ► cash on hand/on deposit/short term investment ► cash equivalents ---------- investments which readily convertible to known amount of cash and be subject to an insignificant risk of changes in value.
专业英语会计学Chap.ppt
$ 900,000 540,000
$ 360,000 270,000
$ 90,000
Cost of goods sold represents the expense
of goods that are sold to customers.
Gross profit is a useful means of measuring
2008
6-13
Perpetual Inventory Systems
On September 10, Worley Co. sold 10 laser lights for $50 per unit on account to ABC Radios.
GENERAL JOURNAL
Date
Account Titles and Explanation
Sept. 10 Accounts Receivable (ABC Radios)
Sales
Retail
Debit 500
Credit 500
10 Cost of Goods Sold
Inventory
Accounting Division
Cost
300
300
2008
6-14
Perpetual Inventory Systems
On September 5, Worley Co. purchased 100 laser lights for resale for $30 per unit from Electronic City on account.
Accounting Division
The closing entries are the
会计学课件(英文版)8
Classified Financial Statements Comparative Financial Statements
Amounts from several years appear side by side.
Consolidated Financial Statements
Information for the parent and subsidiary are presented.
Example
Let s look at the asset section of Clover Corporation s comparative balance sheet and income statement for 2001 and 2000. Compute the dollar change and the percentage for cash.
Determined by analyzing the financial statements.
Irwin/McGraw-Hill
?The McGraw-Hill Companies, Inc., 1999
Slide 14-4
Financial Statements are Designed for Analysis
Slide 14-1
Chapter 14
Financial Statement Analysis
Irwin/McGraw-Hill
?The McGraw-Hill Companies, Inc., 1999
Slide 14-2
Purpose of Analysis
Financial statement analysis helps users make better decisions.
Amounts from several years appear side by side.
Consolidated Financial Statements
Information for the parent and subsidiary are presented.
Example
Let s look at the asset section of Clover Corporation s comparative balance sheet and income statement for 2001 and 2000. Compute the dollar change and the percentage for cash.
Determined by analyzing the financial statements.
Irwin/McGraw-Hill
?The McGraw-Hill Companies, Inc., 1999
Slide 14-4
Financial Statements are Designed for Analysis
Slide 14-1
Chapter 14
Financial Statement Analysis
Irwin/McGraw-Hill
?The McGraw-Hill Companies, Inc., 1999
Slide 14-2
Purpose of Analysis
Financial statement analysis helps users make better decisions.
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17
EFFECTS OF DIRECT WRITEOFF METHOD
THE ALLOWANCE METHOD
Allowance method
Required when bad debts are deemed to be material in amount
Uncollectible accounts are estimated At the end of each period Expense for the uncollectible accounts is
10
Review
a. b. c.
d.
Accounts receivable include Interest receivable. Advances to employees. Amounts customers owe from purchasing goods and/or services. Income taxes receivable.
9
RECOGNIZING ACCOUNTS RECEIVABLE
General Journal Date July 5 Account Titles Sales Returns and Allowances Accounts Receivable – Polo Company Debit 100 Credit
16
DIRECT WRITE-OFF METHOD
Direct write-off method
An entry is made for bad debts expense when an account is determined to be uncollectible at which time the loss is charged to Bad Debts Expense
20
Presentation of Allowance for Doubtful Accounts
THE ALLOWANCE METHOD
General Journal Date Mar. 1 Account Titles Allowance for Doubtful Accounts Accounts Receivable - R. A. Ware Debit 500 Credit
Recorded as Bad Debts Expense Considered a normal and necessary risk of doing business
Credit losses
13
Bad Debts Expense...
Is an expense to record estimated uncollectible receivables.
3
Chapter 8 Reporting and Analyzing Receivables
Байду номын сангаас
Explain the statement presentation of receivables. Describe the principles of sound accounts receivable management. Identify ratios to analyze a company's receivables. Describe methods to accelerate the receipt of cash from receivables.
4
1
11
TYPES OF RECEIVABLES
Amounts due from individuals and other companies-expected to be collected in cash Three major classes of receivables
Accounts Receivable - amounts owed by customers on account, expected to be collected within 30-60 days Notes Receivable - claims for which formal instruments of credit are issued Other Receivables - non-trade receivables, for example, interest receivable and advances to employees
5
Receivables Differ Depending On...
Industry Time of year Whether the company extends long-term financing Credit policies
6
Accounts Receivable...
a. b. c.
d.
12
3
11
ACCOUNTING FOR BAD DEBTS
Receivables are valued at the net amount expected to be received in cash
Excludes amounts that the company estimates it will not be able to collect (net realizable value)
Amounts owed by customers on account. Result from the sale of goods/services. Expected to be collected within 30-60 days. Most significant type of claim held by company. Often called trade receivables.
Bad Debts Expense 200 Accounts Receivable--M. E. Doran 200
Bad debt expense will show only actual losses. Accounts receivable will be reported at gross amount.
100
When a business receives returned merchandise previously When a customer on merchandise to a customer on credit, sold to a business sellscredit, Sales Returns and Allowances Accounts Receivable is Receivable is credited (decreased). is debited and Accountsdebited and Sales is credited.
Keeps expenses from being understated on the income statement and accounts receivables from being overstated on the balance sheet. 14
2 Methods for Accounting for Uncollectible Accounts
7
2
11
ACCOUNTS RECEIVABLE
Two accounting issues associated with accounts receivable: Recognizing accounts receivable. Valuing accounts receivable.
8
RECOGNIZING ACCOUNTS RECEIVABLE
General Journal Date
July 1
Account Titles
Accounts Receivable – Polo Company Sales
Debit
1,000
Credit
1,000
When a business sells merchandise to a customer on credit, Accounts Receivable is debited (increased) and Sales is credited (increased).
THE ALLOWANCE METHOD
General Journal Date Account Titles Debit Credit
Dec. 31
Bad Debts Expense Allowance for Doubtful Accounts
12,000
12,000
Estimated uncollectibles are debited to Bad Debts Expense and credited to Allowance for Doubtful Accounts 备抵坏账 at the end of each period.
11
Review
Accounts receivable include Interest receivable. Advances to employees. Amounts customers owe from purchasing goods and/or services. Income taxes receivable.
Matched against sales in the same accounting period in which the sales occurred Results in Receivables being stated at cash (net) realizable value
EFFECTS OF DIRECT WRITEOFF METHOD
THE ALLOWANCE METHOD
Allowance method
Required when bad debts are deemed to be material in amount
Uncollectible accounts are estimated At the end of each period Expense for the uncollectible accounts is
10
Review
a. b. c.
d.
Accounts receivable include Interest receivable. Advances to employees. Amounts customers owe from purchasing goods and/or services. Income taxes receivable.
9
RECOGNIZING ACCOUNTS RECEIVABLE
General Journal Date July 5 Account Titles Sales Returns and Allowances Accounts Receivable – Polo Company Debit 100 Credit
16
DIRECT WRITE-OFF METHOD
Direct write-off method
An entry is made for bad debts expense when an account is determined to be uncollectible at which time the loss is charged to Bad Debts Expense
20
Presentation of Allowance for Doubtful Accounts
THE ALLOWANCE METHOD
General Journal Date Mar. 1 Account Titles Allowance for Doubtful Accounts Accounts Receivable - R. A. Ware Debit 500 Credit
Recorded as Bad Debts Expense Considered a normal and necessary risk of doing business
Credit losses
13
Bad Debts Expense...
Is an expense to record estimated uncollectible receivables.
3
Chapter 8 Reporting and Analyzing Receivables
Байду номын сангаас
Explain the statement presentation of receivables. Describe the principles of sound accounts receivable management. Identify ratios to analyze a company's receivables. Describe methods to accelerate the receipt of cash from receivables.
4
1
11
TYPES OF RECEIVABLES
Amounts due from individuals and other companies-expected to be collected in cash Three major classes of receivables
Accounts Receivable - amounts owed by customers on account, expected to be collected within 30-60 days Notes Receivable - claims for which formal instruments of credit are issued Other Receivables - non-trade receivables, for example, interest receivable and advances to employees
5
Receivables Differ Depending On...
Industry Time of year Whether the company extends long-term financing Credit policies
6
Accounts Receivable...
a. b. c.
d.
12
3
11
ACCOUNTING FOR BAD DEBTS
Receivables are valued at the net amount expected to be received in cash
Excludes amounts that the company estimates it will not be able to collect (net realizable value)
Amounts owed by customers on account. Result from the sale of goods/services. Expected to be collected within 30-60 days. Most significant type of claim held by company. Often called trade receivables.
Bad Debts Expense 200 Accounts Receivable--M. E. Doran 200
Bad debt expense will show only actual losses. Accounts receivable will be reported at gross amount.
100
When a business receives returned merchandise previously When a customer on merchandise to a customer on credit, sold to a business sellscredit, Sales Returns and Allowances Accounts Receivable is Receivable is credited (decreased). is debited and Accountsdebited and Sales is credited.
Keeps expenses from being understated on the income statement and accounts receivables from being overstated on the balance sheet. 14
2 Methods for Accounting for Uncollectible Accounts
7
2
11
ACCOUNTS RECEIVABLE
Two accounting issues associated with accounts receivable: Recognizing accounts receivable. Valuing accounts receivable.
8
RECOGNIZING ACCOUNTS RECEIVABLE
General Journal Date
July 1
Account Titles
Accounts Receivable – Polo Company Sales
Debit
1,000
Credit
1,000
When a business sells merchandise to a customer on credit, Accounts Receivable is debited (increased) and Sales is credited (increased).
THE ALLOWANCE METHOD
General Journal Date Account Titles Debit Credit
Dec. 31
Bad Debts Expense Allowance for Doubtful Accounts
12,000
12,000
Estimated uncollectibles are debited to Bad Debts Expense and credited to Allowance for Doubtful Accounts 备抵坏账 at the end of each period.
11
Review
Accounts receivable include Interest receivable. Advances to employees. Amounts customers owe from purchasing goods and/or services. Income taxes receivable.
Matched against sales in the same accounting period in which the sales occurred Results in Receivables being stated at cash (net) realizable value