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Introduction教材为中英文对照，侧重专业词汇和阅读增加会计口语部分考查课，17周4周实训30%（平时）+70%（期末试卷，开卷）出勤率10%，缺席一次1分，无上限作业10%，少一次1分课堂回答问题10%Chapter1WordsandExpressionsAccounting会计Accountants会计师、会计人员Accountingpremises/assumption会计前提/假设Accountingprinciples会计原则Accountingelements会计要素Assets资产Liabilities负债Owner’sequity所有者权益Revenue收入Profit利润Expenses费用Entity经营单位、实体单位13.Accountsreceivable应收帐款14.Realizedprofits实现的利润15.Financialaccounting财务会计16.Financialposition财务状况17.Operatingresults经营结果18.Cashflow现金流量19.Doubleentry复式记帐20.Accountingentity会计主体21.Going-concern持续经营22.Accountingperiod会计期间23.Accrualsystem权责发生24.Cashbasisaccounting收付实现制、现金制NewLesson1.TheprimarypurposeofaccountingAccountingisintendedtoprovideinvestors,creditors,governmentandtheotherinterestrelationsexteriortotheenterprisewithneededeconomicinformation,controlandsupervisethecompleteprocedureofenterprises’economicactivities,takepartintheoperatingandlong-termdecisionofenterprises,servetoenhancetheinternaloperatingmanagementofenterprises.QuestionsWhatisaccounting?Whatdoesfinancialaccountingmean?Whatisthetargetoffinancialaccounting?Whatisthemaintaskoffinancialaccounting?WhatisthefullformofGAAP?2.TheconceptofaccountingAccounting,asoneoftheimportantpartsofmoderneconomicmanagement,iscreatedalongwiththedevelopmentofsocialproductionandtherequestofeconomicmanagementanddevelopedwithprogressofproductionandscientifictechnology.Accountingisameasureusedbyanentity(profitornon-profit)toaccumulate,dispose,communicateandconveyeconomicinformation.Thegatheredandsettleddatashouldcommunicateefficientlywithrelevantgroupsoutsidebytheusingstandardaccountingstatements(inthesenseoftypes,formsandcontents).Accountingprovidesvariousfinancialinformationforeconomicactivities.ManagersshouldmastersomenecessaryinformationinordertoSignintheinvinciblepositioninthevehemenceofmarketcompetition.Suchascurrentcashreserve,moneycustomersowe,costofthegoodssold,theincreaseanddecreaseofsales,accountsreceivable,realizedprofitsandsoon.3.ThecharacteristicsoffinancialaccountingFinancialaccountingmainlyservesthegroupandindividualoutsidetheenterprisewhoareofeconomicinterestwiththeenterprise.Thetargetoffinancialaccountingistoofferfinancialinformationforserviceobjecttomakeeconomicdecisionsandcontroleconomicactivities.Themaintaskoffinancialaccountingistorecognize,calculate,recordandreportaccountingitems.Financialaccountingshouldstrictlyabidebytheaccountingstandardsandsystemforenterprisesinordertosecurethecommoninterestoftheuserandprovidethemwithgeneralfinancialinformation.4.AccountingassumptionAccountingentityassumption.Going-concernassumption.AccountingperiodassumptionCurrency-measurementassumption.Enterprisesshouldcarryoutaccountingrecognition,calculationandreportingbasedonaccrualsystem.5.QualityrequirementforaccountinginformationReliability--reliableRelevance--relevantPellucidity--pellucidComparability--comparableEssence,notformImportance--importantPrudence--prudentTimeliness--timely6.AccountingelementsAssetsLiabilitiesEquityRevenueExpenseprofitPlus,minus,time,dividedby,equalCurrentobligation7.AccountingequationAssets=Liabilities+Owner’sEquityRevenue–Expense=ProfitAssets=Liabilities+Owner’sEquity+(Revenue–Expense)Or:Assets=Liabilities+Equity+ProfitChapter2TheAccountingCyclePhrasesandterms(1)accountingcycle会计循环(2)financialstatements财务报表(3)sourcedocuments原始凭证(4)generalledger总分类帐(5)subsidiaryledger明细分类帐(6)temporaryaccounts暂时性帐户(permanent永久的)(7)chronological按照年月顺序的(8)P.R.-postingreference过帐记号(9)Journalizing做分录(10)Close结帐(11)accrualbasisaccounting权责发生制会计(12)transfervoucher转帐凭证(13)disbursementvoucher付款凭证(14)receivingvoucher收款凭证(15)trialbalance试算平衡表(16)adjustingprocedures调整程序(17)incomestatement利润表(18)balancesheet资产负债表(19)cashflowsstatement.现金流量表(20)journals日记帐Analyze–analysisPreparefinancialstatements编制Chapter2TheAccountingCycleThestepsinaccountingcycleAnalyzetransactionsfromsourcedocuments.Recordinjournal.Posttogeneral(andsubsidiary)ledgeraccounts.Adjustthegeneralledgeraccounts.Preparefinancialstatements.Closetemporaryaccounts.1.Analyzingtransactionsfromsourcedocuments.(informationinthejournal)ThedateAnexplanation（discription)oftransaction.Thenamesoftheaccountsdebitedandcredited.Theamountdebitedorcreditedtoeachaccount.A/C:AccountGEN:GeneralSUB:SubsidiaryLED:LedgerMON:MonthDr.:DebitorCr.:CreditorJournalsReceivingVoucherDisbursementVoucherTransferVoucherCashJournalCashinBankJournal2.PostingtoLedger(stepsasfollows)Recordtheamountanddate.Thedateandtheamountofthedebitsandcreditsareenteredintheappropriateaccounts.Recordthepostingreferenceintheaccount.Thenumberofthejournalpageisenteredintheaccount.Recordthepostinginthejournal.EntertheaccountingafterpostingupintotheP.R..columnofthejournalGeneralLedgerSubsidiaryLedgerQuestionsWhatareledgers?Whataretherulesofpreparingledgers?Pleasedecribegeneralledgerandsubsidiaryledger.3.trialbalanceSteps:Listaccounttitlesinnumericalorder.Recordbalanceofeachaccount,enteringdebitbalancesintheleftcolumnandcreditbalancesintherightcolumn.Addthecolumnsandrecordthetotals.Comparethetotals.3.TrialBalancePossibleerrorsintheaccountingrecords:Failingtoenteratransaction.Recordingatransactionmorethanonce.Recordingoneormoreamountsinthewrongaccounts.Makingacompensatingerrorthatexactlyoffsetstheeffectofanothererror.4.Adjustingprocedures(features)Theyaretheentriesrelatedtoadjustmentofaccountingperiod.Althoughtheexactdaytorecordsuchentriesisattheendofaccountingperiod,itisoftencompletedatthebeginningofnextaccountingperiodinaccountingpractice.Theyseparateamountsofpermanentaccountsfromtemporaryaccounts.Theyconnectproperlytheaccountingperiodwhentransactionsoccurwiththeperiodwhentheeffectisresulted.Theyneedtoberecordedinthejournalandpostedtoledgeraccounts.5.Adjustingprocedures:Apportioning(摊配)recordedcoststoperiodsbenefited.Apportioningrecordedrevenuetoperiodsinwhichitisearned.Accruing(记提)unrecordedexpense.Accruingunrecordedrevenue.6.ClosingproceduresEachtemporaryaccounthasnobalanceattheendofaccountingperiodaftertheclosing.Retainedearningswillincreasealongwiththerealizationofnetincome,ordecreasewiththeoccurrenceofnetlosses.Exceptforretainedearnings,otherpermanentaccountsrelatedtobalancesheetwillnotbeaffectedbytheclosing.Chapter3FinancialAccountingReport流动资产：Currentassets货币资金Currencyfund交易性金融资产Transactionfinancialassets应收票据Notesreceivable应收账款Accountsreceivable预付账款Advancepayment应收股利Dividendsreceivable应收利息Interestreceivable其他应收款Otherreceivables存货Inventory消耗性资产Wastingassets待摊费用Expensestobeapportioned一年内到期的非流动资产Non-currentassetsdueinoneyear其他流动资产Othercurrentassets非流动资产Non-currentassets可供出售金融资产FinancialassetsavailableforsaleChapter3FinancialAccountingReport持有至到期投资Investmentheldtomaturity投资性房地产Investingrealestate长期股权投资Long-termequityinvestment长期应收款Long-termreceivables固定资产Fixedassets在建工程Constructioninprogress工程物资Engineeringmaterials固定资产清理Liquidationoffixedassets生产性生物资产Manufacturingbiproduction油气资产Oilandgasassets无形资产Intangibleassets开发支出Expenditureonresearch商誉Goodwill长期待摊费用Long-termexpensestobeapportioned递延所得税资产DeferredincometaxassetsChapter3FinancialAccountingReport银行存款Bankdeposit/cashinbank坏账准备Allowanceforbaddebts其他应收款Otherreceivables物资采购Purchaseofmaterials原材料Rawmaterial包装物wrappage低值易耗品Lowvalueandeasilywornoutarticles生产成本Productioncost制造费用Manufacturingexpense库存商品Merchandiseinventory分期收款发出商品Goodssentoncollectionininstallments长期股权投资Long-termequityinvestment短期借款Short-termloan应付票据Notespayable应付账款Accountspayable应付职工薪酬Payrollpayable应付股利Dividendspayable其他应付款OtherpayablesChapter3FinancialAccountingReport预提费用Accruedexpense应交税金Taxedpayable长期借款Long-termloan一年内到期的长期负债long-termliabilitiesdueinoneyear股本Capitalstock盈余公积Surplusreserve利润分配（未分配利润）Profitdistribution(retainedearnings)营业收入OperatingIncome营业成本OperatingCost营业税费OperatingTax销售费用SellingExpense管理费用ManagementExpense财务费用FinancialExpense资产减值损失LossonAssetsDecrement公允价值变动净收益Profitandlossonthechangesinfairvalue投资净收益Netinvestmentprofit营业利润OperatingProfit营业外收入non-operatingincome营业外支出non-operatingoutlay非流动资产处置净损失Lossonnon-currentassetsdisposingChapter3FinancialAccountingReportThefinancialaccountingreportisthefinalresultofenterprises’accountingcalculation.Thefinancialaccountingreportisthewrittendocumentsforreflectingthefinancialpositiononaspecificdateandoperatingresultsandcashflowofaspecificperiodprovidedbytheenterprisesforexternalpeople.FinancialAccountingReportOverviewoffinancialaccountingreportTheaimsofpreparingfinancialaccountingreportsProvidetheuserswithusefulfinancialinformationfordecision-making.Promoterationalallocationofsocialresourcesandservefortheinterestofthepublic.Financialaccountingreport

TheconstitutesoffinancialaccountingreportAccountingstatements–principalandcoreBalancesheet,incomestatement,statementofcashflowandrelevantattachedlistsAnnotationofaccountingstatementSpecificationoffinancialpositionFinancialaccountingreportTheclassificationoffinancialaccountingreportClassificationaccordingtothereflectedeconomiccontentsStaticstatementsanddynamicstatements2.Theclassificationaccordingtotime-spanMonthstatements,quarterstatements,semi-annualstatementsandannualstatementsTheclassificationaccordingtovarioussubjectsofpreparation.Specified,combinedandaggregatedstatements4.TheclassificationaccordingtoservingtargetsInternalandexternalstatementsFinancialaccountingreport

TherequirementsonpreparationoffinancialaccountingreportsReliableRelevantandComparableFullandCompleteTimelyEasytounderstandInformationreportedonthefinancialstatementsQuestions(Equationandstatement)Howwelldidthecompanyperformduringtheperiod?Whydidthecompany’sretainedearningschangeduringtheperiod?Whatisthecompany’sfinancialpositionattheendoftheperiod?Howmuchcashdidthecompanygenerateandspendduringtheperiod?QuestionAnswerFinancialStatement1.2.3.4.BalanceSheetWhatisbalancesheet?Whatisthefunctionofbalancesheet?OnesentencetoshowyourideaBALANCESHEETThebalancesheet(statementoffinancialposition)reportsthecompany’sassets,liabilities,andowners’equityBalanceSheetThefunctionofbalancesheetGivethepanoramaofanenterprise’sassets,liabilitiesandowner’sequity.Helpusersfullyacquaintwiththefinancialposition,analyzethedebtpayingabilityoftheenterpriseandofferreferenceforfutureeconomicdecisionBalanceSheetThecontentsofbalancesheetListhead,listbody,listtailThestructureofbalancesheetAccountstyleReportstyleBalanceSheetMaterialsourceofbalancesheetIngeneralthe“beginningamount”andendingamount”ofeachiteminbalancesheetneedstobefilledwith.Fillindirectlyaccordingtothebalanceingeneralledgeritems.Calculateandfillinaccordingtothebalanceofseveralgeneralledgeritems.Calculateandfillinaccordingtothebalanceofrelevantdetailaccounts.Analyze,calculateandfillinaccordingtothebalancebetweengeneralledgeranddetailaccount.Fillinaccordingtonetamountaftertheoffsettingbetweenrelevantassetaccountanditsallowanceaccount.BalanceSheet7542463,5868,76546,24084,06795,724883,967967,204769,4768,690,8475,058,37137,580,78486,492,205BALANCESHEETWhatisit?Whatitemsareincludedinassets,liabilitiesandowner’sequity?Whatisthetotalassets?Whatisthetotalamountofliabilitiesandowner’sequity?Arethetotalassetsequaltothetotalliabilitiesandowner’sequity?我公司总资产为53000美元我公司资产可从现金,应收账款,办公用品及土地四方面进行考虑.Couldbeconsideredfrom4aspects…Couldbeconsideredfromsuchaspectsas…ASSETS

CurrentassetsareThoseassetswhichthecompanyexpectstoconverttocash,sell,orconsumeduringthenext12monthsorwithinthebusiness'snormaloperatingcycleiflongerthanayearCurrentassetsincludeCashAccountsreceivableMerchandiseinventoryPrepaidexpensesASSETSLong-termassetsareThoseassetswhichthecompanyexpectstoholdlongerthenthenext12monthsorthebusiness’snormaloperatingcycleiflongerthanoneyearLong-termassetsincludePropertyEquipmentASSETSIntangibleassetsareThosewithnophysicalformTrademarksPatentsOtherassetsareThosewithsmallvalueswhichdonotfallwithinanyotherstandardassetcategoryLIABILITIESCurrentliabilitiesareDebtspayablewithinoneyearorwithinthebusiness’snormaloperatingcycleiflongerthanayearCurrentliabilitiesincludeNotespayableAccountspayableAccruedexpensespayableIncometaxespayableLIABILITIESLong-termliabilitiesareDebtsnotpayablewithinoneyearorwithinthebusiness’snormaloperatingcycleiflongerthanayearLong-termliabilitiesincludeNotespayableBondspayableOWNERS’EQUITYOwners’equityRepresentstheshareholders’ownershipoftheassetsofthebusinessOwners’equityofacorporationconsistsofCommonstockRetainedearningsIncomeStatementsWhatisincomestatements?Whatisthefunctionofincomestatements?IncomestatementTheincomestatement(statementofearnings)reportsthecompany’srevenues,expenses,andnetincomeornetlossfortheperiodIncomestatementThefunctionofincomestatementProfitandlossstatement—oneofthemajoraccountingstatementsReflecttheoperatingresultsofanenterpriseinaspecificaccountingperiod.Reflectcomprehensivelyanenterprise’soperatingperformanceandtheprimaryevidenceforanenterprisetodistributeprofitsIncomestatementTheformatofincomestatementSingle-step:addalltherevenuetogetherandthenaddalltheexpensesintheperiod,andarriveattheprofitandlossofthisperiodthroughonecalculation.Multi-step:makeiteasyforanenterprisetoanalyzeitsproductionandoperationanddoesfavortothecomparisonamongvariousenterprises.IncomestatementThepreparingmethodsofincomestatementTheitemof‘operatingincome’reflectsthetotalincomerecognizedbytheprimaryoperationandotheroperationofanenterprise.Theitemof‘operatingcost’reflectstotalactualcostincurredinprimaryoperationandotheroperationoftheenterprise.Theitemof‘operatingtax’reflectstheconsumptiontax,businesstax,urbanmaintenanceandconstructiontax,resourcetax,landvalueincrementtax,andeducationalsurtax,etc.theitemof‘sellingexpense’reflectstheoperatingexpensesINCOMESTATEMENT今天我要向大家介绍一下Air&SeaTravelInc.的利润表。时间为2009年4月30日。该公司的收入为服务收入，金额为8500美元。费用分为员工薪酬，租金和设备三个方面，金额分别是1200，1100，400美元。总费用为2700美元。通过计算，我们得知该公司本期的净利润为5800美元。我公司本月获得服务收入8500美元我公司本月从员工薪水,租金及设备三方面分别产生费用1200,1100,400美元.RevenuesareIncreasesinretainedearningsfromdeliveringgoodsorservicestocustomersorclientsExpensesareDecreasesinretainedearningsthatresultfromoperationsINCOMESTATEMENTExpensesincludeCostofgoodssold(costofsales)ThecostofthegoodsthatacompanysoldtoitscustomersOperatingexpensesThecostsofoperatingthebusinessINCOMESTATEMENTOperatingexpensesAdvertisingThecosttopromotethecompany’sproductsDepreciationTheexpenseofusingcompany-ownedbuildings,equipment,andfurnitureOtheroperatingexpensesThecostsofsalaries,utilities,rent,andsuppliesInterestexpenseThecostofborrowedmoneyINCOMESTATEMENTChapter4CurrentAssets

AssetsareFutureeconomicbenefitsobtainedorcontrolledbyanentityasaresultofpasttransactionsorevents.CurrentassetsNon-currentassets(long-termassets)Chapter4CurrentAssetsWhatarecurrentassets?Whatisthemostliquidofassets?Whatarethemeasurementofcash?Whatisthecashcontrolsystem?Chapter4CurrentASSETS

CurrentassetsareThoseassetswhichthecompanyexpectstoconverttocash,sell,orconsumeduringthenext12monthsorwithinthebusiness'snormaloperatingcycleiflongerthanayearChapter4CurrentAssetsCashOtherassetsthatarereasonablyexpectedtoberealizedincashOrtobesoldorconsumedwithinoneyearorwithinthenormaloperatingcycleofthebusiness,whicheverislonger.Chapter4CurrentAssetsCash-mostliquidofallassetsMeasurementofcash-coins,currency,unrestrictedbankdeposit,negotiablechecksandbankdraftAmountsmustbeimmediatelyavailabletopaycurrentdebtsandmaynotbeboundbyandcontractualorlegalrestrictionsChapter4CurrentAssetsCashAnadequatesystemofinternalcontrolovercashwouldincludethefollowingfeatures:cashishandledseparatelyfromtherecordingofcashtransactions;Theworkandresponsibilitiesofcashhandlingandrecordingaredividedinsuchawaythaterrorsarereadilydisclosedandthepossibilityofirregularitiesisreduced;Allcashreceiptsaredepositedintactinthebankeachday;Allmajordisbursementsaremadebychecks,andanimprest(fundamount)fundisusedforpettycashdisbursements.Chapter4CurrentAssetsSomereasonsforthedifferencesbetweentheendingbalanceonthebankstatementandthecompany’scashinbankaccount.(1)Outstandingchecks;(2)Depositsnotyetcreditedbythebank;(3)Chargesmadebythebankbutnotyetreflectedonthedepositor’sbooks;(4)Creditsmadebythebankbutnotyetreflectedonthedepositor’sbooks;(5)Accountingerrorsmadeeitherbythedepositororbythebank.HomeworkWhatareassets?Whatarecurrentassets?Definecash.我公司本月获得服务收入8500美元我公司本月从员工薪水,租金及设备三方面分别产生费用1200,1100,400美元.我公司总资产为53000美元我公司资产可从现金,应收账款,办公用品及土地四方面进行考虑.TranslationExercise会计报表的附注是财务会计报告的一部分.财务报表反映了公司的财务状况,经营结果,和现金流量.公司本月向员工支付50万元薪酬.TranslationExercise会计报表的附注是财务会计报告的一部分.Theannotationofaccountingstatementsisapartoffinancialaccountingreport.财务报表反映了公司的财务状况,经营结果,和现金流量.Financialstatementsreflectthefinancialposition,operatingresultsandcashflowofanenterprise.公司本月向员工支付50万元薪酬.Theenterprisepaidthesalaryof500,000yuantothestaffinthismonth.Chapter4CurrentAssetsMarketablesecurityWhatisanothernameofmarketablesecurity?Whatisthemarketablesecurityconsistof?Whenaremarketablesecuritiessold?Chapter4CurrentAssetsMarketablesecurityWhatisanothernameofmarketablesecurity?short-terminvestmentsWhatisthemarketablesecurityconsistof?marketabledebtsecurities(governmentandcorporatebonds)marketableequitysecurities(preferredandcommonstock)Chapter4CurrentAssetsMarketablesecurityrecordedatcostwhenacquiredIncludethepurchasepriceandincidentalacquisitioncostssuchasbrokeragecommissionsandtaxes.Chapter4CurrentAssetsMarketablesecurityWhenaremarketablesecuritiessold?Whenthecompanyneedscashorwhengoodinvestmentmanagementindicatesachangeinthesecuritiesheld.

ExerciseGroupthefollowingthingsintocorrectcategory.Currentassets,long-terminvestment,fixedassets,intangibleassets,currentliabilities,long-termliabilities,owner’sequity,revenue,expensesExerciseRawmaterialsinstock,100tons,$250000MaterialsowingtoTheEastCorporation,amountingto$10000CapitalhandedinbyInvestorA,$150000Accruedexpenseofthismonth,$800Bankloan$500000,toberepaidintwoyearsProductionpatentofaproduct,$60000Twoworkshops,$300000Salaryowingtothestaff$12000Anenterpriseinvests$500000toaworkshop,investingperiodis10yearsSurplusreserve$240000ExerciseRawmaterialsinstock,100tons,$250000CurrentassetsMaterialsowingtoTheEastCorporation,amountingto$10000CurrentliabilitiesCapitalhandedinbyInvestorA,$150000Owner’sequityAccruedexpenseofthismonth,$800CurrentliabilitiesBankloan$500000,toberepaidintwoyearsLong-termliabilitiesExerciseProductionpatentofaproduct,$60000IntangibleassetsTwoworkshops,$300000FixedassetsSalaryowingtothestaff$12000CurrentliabilitiesAnenterpriseinvests$500000toaworkshop,investingperiodis10yearsLong-terminvestmentSurplusreserve$240000Owner’sequityTranslationExercises公司的资本流入会增加所有者权益，资本流出会减少所有者权益。决策者是会计信息使用者之一。现金制下,收入是在收到现金时确认,费用在支付现金时确认。根据服务对象不同,会计报表可以分为内部报表和外部报表。应收账款应归入流动资产。公司的资本流入会增加所有者权益，资本流出会减少所有者权益。Enterprises’capitalinflowcanincreasetheowner’sequity,andcapitaloutflowwilldecreasetheowner’sequity.决策者是会计信息使用者之一。TheDecisionmakerisoneoftheusersofaccountinginflormation.现金制下,收入是在收到现金时确认,费用在支付现金时确认。Underthecashbasisaccounting,revenueisrecognizedwhencashisreceivedandexpensesarerecognizedwhencashispaid.根据服务对象不同,会计报表可以分为内部报表和外部报表。Accordingtodifferentservingtargets,accountingstatementscanbeclassifiedasinternalandexternalstatements.应收账款应归入流动资产。Accountsreceivableisclassifiedascurrentassets.Chapter4CurrentAssetsQuestionsWhatareshort-termreceivables?Explaintradereceivablesandnon-tradereceivables.Whatarepromissorynotes?Whendocompaniesusethem?Chapter4CurrentAssetsReceivablesWhatareshort-termreceivables?Short–termreceivablesaredefinedasclaimsheldagainstothersformoney,goods,orservicescollectiblewithinayearortheoperatingcycle,whicheverislonger.Chapter4CurrentAssetsReceivablesExplaintradereceivablesandnon-tradereceivablesTradereceivables:notesandaccountsreceivablearisefromthesaleofmerchandiseorservicesinnormalcourseofbusinessNon-tradereceivables:salaryadvancesandloansThesaleofnon-merchandiseassetsDepositsasaguaranteeofperformanceorpaymentDividendsandinterestStocksubscriptionsOthervariousclaimsChapter4CurrentAssetsWhatispromissorynoteApromissorynoteisawrittenpromisetopayacertainsumofmoneyondemandoratafixedanddeterminablefuturetime.Whendocompaniesusepromissorynotes?Whencompaniessellmerchandiseorprovideservices,theyoftenacceptpromissorynotes,draftsorpaymentfromcustomerslaterifcashcannotbecollectedimmediately.Chapter4CurrentAssetsReceivablesQuestionsWhatisdiscounting?Isthereanymethodsforcompaniestodealwithuncollectiblereceivables?Whatarethey?Whatisthedifferencebetweenthem?Chapter4CurrentAssetsReceivablesWhatisdiscounting?Aholdermayendorseanoteanddeliverittobankinexchangeforcashwhenverheneedsit.Thisprocedureiscalleddiscounting.Chapter4CurrentAssetsThedirectwrite-offmethodandtheAllowancemethodThedirectwrite-offmethod–baddebtsarerecognizedandchargedtoexpenseintheperiodwhentheaccountsaredeterminedtobeuncollectible.Theallowancemethod–baddebtsareestimatedandrecognizedintheperiodcreditsalesrevenuesarerecognizedChoiceCashinnarrowsensereferstoBankdepositb.cashier’scheckCashonhandd.bankdraftAccordingtoProvisionofCashControl,whichofthefollowingonescannotbepaidbycasha.Topaypersonallaborremunerationb.Topaystaffsalaryc.Topayacquisitionexpensesofofficesuppliesd.TopaythematerialcostpurchasingfromindividualsChoice3.Currencyfundincludes…Cashonhandb.BankdepositOthercurrencyfundCommercialdraftMarketablesecurity4.Thefeaturesofcashinclude…Littleriskb.FrequentreceiptandpaymentMostliquidd.acceptedbythemoste.TheeasiesttomeetaccidencyChoice5.Amongthefollowingones,whichonesshouldbedisposedasnotesreceivablesCheckb.cashier’scheckBankdraftd.Tradeacceptancedrafte.BankacceptancedraftChapter4CurrentAssets4.4Inventory资产负债表反映了企业的资产,负债和所有者权益.资产负债表能够向用户提供未来经济决策的参考.利润表反映了公司特定会计期间的经营结果.资产负债表中的流动资产按其流动性降序排列.3个最重要的财务报表是利润表,资产负债表和现金流量表.Chapter4CurrentAssets4.4Inventory资产负债表反映了企业的资产,负债和所有者权益.Thebalancesheetreflectsanenterprise’sassets,liabilitiesandowner’sequity.资产负债表能够向用户提供未来经济决策的参考.Thebalancesheetcanofferreferenceforfutureeconomicdecisiontousers.利润表反映了公司特定会计期间的经营结果.Theincomestatementreflectstheoperatingresultsofanenterpriseinaspecificaccountingperiod.

Chapter4CurrentAssets4.4Inventory资产负债表中的流动资产按其流动性降序排列.Currentassetslistedonthebalancesheetareindescendingorderofliquidity.3个最重要的财务报表是利润表,资产负债表和现金流量表.Thethreemostimportantfinancialstatementsaretheincomestatement,thebalancesheetandthecashflowsstatement.Chapter4CurrentAssets4.4InventoryQuestionsWhatareinventories?Whatdoestheinventoryconsistofforamerchandisingenterprise?Whatdoestheinventoryconsistofforamanufactorycompany?Whatarethetwosystemsofinventoryaccounting?Whatarethedifferencesbetweenthetwosystems?Chapter4CurrentAssets4.4InventoryWhatareinventories?Inventoriesareassetsitemsheldforsaleintheordinarycourseofbusinessorgoodsthatwillbeusedforconsumptionintheproductionofgoodstobesold.Whatdoestheinventoryconsistofforamerchandisingenterprise?allgoodsownedandheldforsaleinthefuture.Whatdoestheinventoryconsistofforamanufactorycompany?Therawmaterials,thegoods-inprocessandthefinishedgoodsChapter4CurrentAssets4.4InventoryWhatarethetwosystemsofinventoryaccounting?PeriodicandperpetualWhatarethedifferencesbetweenthetwosystems?Periodicsystem-onlytherevenuefromsalesisrecordedeachtimeasaleismade.Perpetualinventorysystem-useaccountingrecordsthatcontinuouslydisclosetheamountoftheinventory.Chapter4CurrentAssets4.4In