中央财经大学会计专业英语教程Chapter .ppt
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会计学原理英文ppt课件Chapter_01ACCOUNTINGINBUSINESS
Users of Accounting
C2
Information
External Users
Internal Users
•Lenders •Consumer Groups •Shareholders •External Auditors
•Governments •Customers
•Managers
Notes Receivable
Accounting Equation
Assets = Liabilities + Equity
A1
Accounts Receivable
Vehicles
Store Supplies
Assets
Cash
Resources owned or controlled by a company
Equipment
statements.
Managerial accounting provides information needs for internal decision makers.
C3 Opportunities in Accounting
Financial
•Preparation •Analysis •Auditing
Principles and Assumptions
C5
of Accounting
Now
Future
Going-Concern Assumption
Reflects assumption that the business will continue operating instead of being closed or sold.
internal controls.
大学课程《会计英语》PPT课件：Chapter 9 Unit 2
Cost vs. Expense
Cost is the amount of cash or cash equivalents paid or the fair value of the other consideration given to acquire an asset at the time of its acquisition or construction. In other words, when we agree to pay out cash or other assets for goods or services received, we have incurred a cost.
Expense Recognition
An expense will give rise to economic sacrifices to the business.
In order for an item to be recorded as an expense, it must meet the general criteria: meet the definition of expenses and have a valid measurement basis and amount.
Key Terms
1. Cost flow 成本流转 2. Cost flow assumption 成本流转假设
Defining Expenses
Generally speaking, expenses are costs that are charged against revenue and that are related to the entity’s basic business.
大学课程《会计英语》PPT课件：Chapter 4 Unit 1
An employee of the business prepares a bank reconciliation once a month to verify that these two independent sets of records are in agreement. For strong internal control, the employee who prepares the bank reconciliation should not have access to cash or be responsible for recording cash transactions in the accounting records.
Cash and similar assets are called liquid assets because they can be readily used to settle such obligations. A company needs liquid assets to effectively operate.
Petty Cash Fund
Every business finds it convenient to have a small amount of cash on hand with which to make some minor expenditures. Examples include payments for small purchases of office supplies, postage stamps and taxi fares. Internal control over these small cash payments can best be achieved through a pety
Cash and similar assets are called liquid assets because they can be readily used to settle such obligations. A company needs liquid assets to effectively operate.
Petty Cash Fund
Every business finds it convenient to have a small amount of cash on hand with which to make some minor expenditures. Examples include payments for small purchases of office supplies, postage stamps and taxi fares. Internal control over these small cash payments can best be achieved through a pety
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(完成版) Chapter 2-Accounting Concepts
Chapter2. Accounting Concepts
Basic Accounting Concepts
1
2
An Introduction to Eleven Accounting Concepts
1
of
19
11 Basic Accounting Concepts
These accounting concepts determine the rules and set the boundaries of accounting practice. They provide guidelines for accountants in resolving accounting issues. 1. Money measurement 2. Entity 3. Going-concern 4. Cost 5. Dual aspect 6. Accounting period 7. Conservatism
Assets (cash), $10,000 = Equities (liabilities’), $10,000
10
of
19
The Accounting Period Concept
Accountants divide the economic life of a business into artificial time periods, which is referred to as the accounting period concept. The specified interval of time for which the accounting measures activities is called the accounting period.
Basic Accounting Concepts
1
2
An Introduction to Eleven Accounting Concepts
1
of
19
11 Basic Accounting Concepts
These accounting concepts determine the rules and set the boundaries of accounting practice. They provide guidelines for accountants in resolving accounting issues. 1. Money measurement 2. Entity 3. Going-concern 4. Cost 5. Dual aspect 6. Accounting period 7. Conservatism
Assets (cash), $10,000 = Equities (liabilities’), $10,000
10
of
19
The Accounting Period Concept
Accountants divide the economic life of a business into artificial time periods, which is referred to as the accounting period concept. The specified interval of time for which the accounting measures activities is called the accounting period.
大学课程《会计英语》PPT课件：Chapter 1 Unit 3
Matching
Description: Matching refers to the timing of recognition of revenues and expenses in the income statement. Under this concept, all expenses incurred in earning revenue should be recognized in the same period the revenue is recognized.
useful in accounting. Distinguish between capital expenditures and revenue
expenditures. State how materiality is related to the distinction
between capital and revenue expenditures. Explain the significance of reporting the economic
Differentiate Capital and Revenue Expenditures
Capital expenditures are expenditures expected to yield benefits beyond the current accounting period, that is, have future cash flows, and thus should be added to the plant and equipment or capital asset account.
substance of transactions, not just their form.
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
会计专业英语ppt(全书) 2
Trade Accounts Payable
Short-term obligations to suppliers for purchases of merchandise and to others for goods and services.
Merchandise inventory invoices
short-term notes
payable
Trade Notes Short-term Loan Notes
Trade notes are obligations due to suppliers for goods and services used in business operations.
Unearned or deferred revenues represent amounts received in
advance of the product or service being provided to the customer.
As the earnings process is
Notes Payable– Example
On November 23, Weston Holdings secures a payment extension with TechNology Inc. on an account payable, which will be paid by a 60-day, 12%, €6,000 note payable. The following journal entry would be made by Weston Holdings:
222.62 326.75 221.90 771.27
会计专业英语ppt(全书) 3
Tools & Equipment
2,650 Accounts Payable
150
Truck
15,000 Total Liabilities
13,150
Owners' Equity:
Capital Stock
8,000
Total
$ 21,150 Total
$ 21,150
On May 29, JJ’s recorded lawn care services provided during May of $750. All clients were
JJ's Lawn Care Service
Balance Sheet
May 25, 2007
Assets
Liabilities and Owners' Equity
Cash
$ 3,575 Liabilities:
Accounts Receivable
75 Notes Payable
$ 13,000
JJ's Lawn Care Service
Balance Sheet
May 28, 2007
Assets
Liabilities and Owners' Equity
Cash
$ 3,425 Liabilities:
Accounts Receivable
75 Notes Payable
$ 13,000
JJ's Lawn Care Service
Balance Sheet
May 18, 2007
Assets
Liabilities and Owners' Equity
会计专业英语课件Chapter 10
▪ Key Points
▪ Accumulation and Evaluation of Evidence ▪ Audit Report ▪ Established Criteria ▪ Competent and Independent Person
10.1 Brief Introduction
▪ Adverse and disclaimer
7
10.2 Audit Reports
▪ Structure of Report
▪ Report Title
▪ Audit report address
▪ Opinion
▪ The basis and scope of audit work
▪ Critical audit matters
▪ Management’s responsibility
▪ Auditor’s responsibility
▪ Name of CPAs
▪ Name and Address of CPA firm
▪ Audit report date
8
10.2 Audit Reports
▪ Standard Unqualified Audit Report
Chapter 10 Auditing
▪ 10.1 Brief Introduction ▪ 10.2 Audit Reports ▪ 10.3 Audit Process
2
10.1 Brief Introduction
▪ Definition
▪ “Auditing is the accumulation and evaluation of evidence
▪ Financial statements present fairly, in all material respects, in conformity with accounting principles generally accepted.
▪ Accumulation and Evaluation of Evidence ▪ Audit Report ▪ Established Criteria ▪ Competent and Independent Person
10.1 Brief Introduction
▪ Adverse and disclaimer
7
10.2 Audit Reports
▪ Structure of Report
▪ Report Title
▪ Audit report address
▪ Opinion
▪ The basis and scope of audit work
▪ Critical audit matters
▪ Management’s responsibility
▪ Auditor’s responsibility
▪ Name of CPAs
▪ Name and Address of CPA firm
▪ Audit report date
8
10.2 Audit Reports
▪ Standard Unqualified Audit Report
Chapter 10 Auditing
▪ 10.1 Brief Introduction ▪ 10.2 Audit Reports ▪ 10.3 Audit Process
2
10.1 Brief Introduction
▪ Definition
▪ “Auditing is the accumulation and evaluation of evidence
▪ Financial statements present fairly, in all material respects, in conformity with accounting principles generally accepted.