会计英语 第四版 叶建芳01.ppt

YeSunAccountingEnglish 1 会计英语 第四版 上海财经大学出版社 普通高等教育 十一五 国家级规划教材高等院校会计专业方向选修课系列教材 YeSunAccountingEnglish 2 INTRODUCTION OverviewoftheCourseCourseScheduleLearningRequirementsEvaluation Discussion Homework Quiz Examination YeSunAccountingEnglish 3 Lesson1ReviewofAccounting Introductiontoaccountingconcepts Accountingisaserviceactivitythatincludesthemeasurement recording summarization andreportingofeconomicinformationtoexternalfinancialstatementuserstoassistinrationalinvestment credit andsimilardecisions Accountingisalsoessentialforinternalfunctionsofabusiness Accountinginformation Theaccountingprocess Decisionmakers Economicactivities Actions decisions Accountingisaninformationsystem Accountingthinksdecisionmakerswitheconomicactivities andwiththeresultsoftheirdecisions YeSunAccountingEnglish 5 Financialstatements Thestatementofcomprehensiveincome incomestatement summarizesfinancialperformanceresultingfromincome revenueandgains lessexpenses includinglosses Thestatementofchangesinequityreconcileschangesinequity increasesarecausedbyownerinvestmentsandnetincome whiledecreasesresultfromownerwithdrawalsandnetlossesforsoleproprietorship Thestatementoffinancialposition balancesheet detailsassets liabilities andequity Thestatementofcashflowsshowsthecashinflowsandoutflowsfromoperatingactivities investingactivities andfinancingactivities YeSunAccountingEnglish 6 Usersofaccountinginformation Primaryusers investorsandcreditorsExternalusers InternalusersExternalusersareusersoutsideoftheentityexamples banks government creditors unionsInternalusersareuserswithintheentityexamples MarketingManager AccountsReceivableManager AccountsPayableManager YeSunAccountingEnglish 7 Internationalfinancialreportingstandards GAAP GAAPsareestablishedbysettingbodiesafterconsultationwithvariousinterestgroups suchasbusinessownersandotherprofessionalaccountingbodies Thereisagrowingtrendtoadoptaccountingstandardsthatareinharmonywithinternationalaccountingstandards YeSunAccountingEnglish 8 Internationalfinancialreportingstandards GAAP Accountingconceptsandprinciplesinclude businessentitymonetaryunitobjectivityprinciplecostprinciplegoing concernrevenuerecognitionorrealizationprincipletimeperiodmaterialityprinciplematchingprincipleconsistencyprincipleconservatismprinciplefull disclosureprinciple YeSunAccountingEnglish 9 Typesofaccountants Therearethreebasictypesofaccountants Privateaccountantsworkforasingleemployer Publicaccountantsareavailabletothepublic Governmentaccountantsworkforlocal provincial andfederalgovernmentagencies YeSunAccountingEnglish 10 Fieldsofaccounting Therearefourbroadfieldsofaccounting financialmanagerialtaxationaccounting related YeSunAccountingEnglish 11 Formsoforganization SingleorsoleproprietorshipOwnerispersonallyresponsibleforbusinessdebts PartnershipPartnersarepersonallyresponsibleforallpartnershipdebts CorporationAcorporationisaseparatelegalentity Itisresponsibleforitsowndebts YeSunAccountingEnglish 12 Theaccountingequation Businesstransactionsalwaysaffectatleasttwoelementsintheaccountingequation Theaccountingequationis Assets Liabilities Owner sequityAfteratransactionisrecorded theaccountingequationmustbeinbalance YeSunAccountingEnglish 13 Usingtheaccountingequation 1 Recording 2 Reporting BasicStepsofAccountingProcessing Example1 2Page12 YeSunAccountingEnglish 14 Anexample Let sanalyzesometransactionsforJJ sLawnCareService OnMay1 2001 JillJonesdeposited 8 000inthebanktoofficiallystartJJ sLawnCareService TheEffectsofBusinessTransactions TheEffectsofBusinessTransactions OnMay2 2001 JJ spurchasedaridinglawnmowerfor 2500cash TheEffectsofBusinessTransactions TheEffectsofBusinessTransactions OnMay8 2001 JJ spurchaseda 15 000truck JJ spaid 2000downincashandissuedanotepayablefortheremaining 13000 TheEffectsofBusinessTransactions TheEffectsofBusinessTransactions OnMay11 2001 JJ spurchasedsomerepairpartsfor 300onaccount TheEffectsofBusinessTransactions TheEffectsofBusinessTransactions OnMay18 2001 JJ ssoldhalfoftheirrepairpartstoABCLawnsfor 150 apriceequaltoJJ scost JJ swillreceivethecashwithin30days TheEffectsofBusinessTransactions TheEffectsofBusinessTransactions OnMay25 2001 ABCLawnspaysJJ s 75asapartialsettlementofitsaccountsreceivable TheEffectsofBusinessTransactions TheEffectsofBusinessTransactions OnMay28 2001 JJ spays 150ofitsaccountspayable TheEffectsofBusinessTransactions TheEffectsofBusinessTransactions OnMay29 2001 JJ srecordedlawncareservicesprovidedduringMayof 750 Allclientspaidincash TheEffectsofBusinessTransactions TheEffectsofBusinessTransactions OnMay31 2001 JJ spurchasedgasolineforthelawnmowerandthetruckfor 50cash TheEffectsofBusinessTransactions TheEffectsofBusinessTransactions Let sreviewhowJJ stransactionsaffectedtheaccountingequation TheEffectsofBusinessTransactions YeSunAccountingEnglish 35 YeSunAccountingEnglish 36 ThesetransactionsimpacttheStatementofCashFlows ThesetransactionsimpacttheIncomeStatement BalanceSheet YeSunAccountingEnglish 37 Ethicsinaccounting Accountantsmu