会计英语 第四版 叶建芳

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1YeSunAccountingEnglishINTRODUCTIONOverviewoftheCourseCourseScheduleLearningRequirementsEvaluation--Discussion--Homework--Quiz--Examination2YeSunAccountingEnglishLesson1ReviewofAccountingIntroductiontoaccountingconceptsAccountingisaserviceactivitythatincludesthemeasurement,recording,summarization,andreportingofeconomicinformationtoexternalfinancialstatementuserstoassistinrationalinvestment,credit,andsimilardecisions.Accountingisalsoessentialforinternalfunctionsofabusiness.3YeSunAccountingEnglishAccountinginformationTheaccountingprocessDecisionmakersEconomicactivitiesActions(decisions)Accountingisaninformationsystem.Accountingthinksdecisionmakerswitheconomicactivitiesandwiththeresultsoftheirdecisions.4YeSunAccountingEnglish3FinancialstatementsThestatementofcomprehensiveincome(incomestatement)summarizesfinancialperformanceresultingfromincome(revenueandgains)lessexpenses(includinglosses).Thestatementofchangesinequityreconcileschangesinequity(increasesarecausedbyownerinvestmentsandnetincome,whiledecreasesresultfromownerwithdrawalsandnetlossesforsoleproprietorship).Thestatementoffinancialposition(balancesheet)detailsassets,liabilities,andequity.Thestatementofcashflowsshowsthecashinflowsandoutflowsfromoperatingactivities,investingactivities,andfinancingactivities.5YeSunAccountingEnglishUsersofaccountinginformationPrimaryusers–investorsandcreditorsExternalusers&InternalusersExternalusersareusersoutsideoftheentityexamples:banks,government,creditors,unionsInternalusersareuserswithintheentityexamples:MarketingManager,AccountsReceivableManager,AccountsPayableManager6YeSunAccountingEnglishInternationalfinancialreportingstandards&GAAPGAAPsareestablishedbysettingbodiesafterconsultationwithvariousinterestgroups,suchasbusinessownersandotherprofessionalaccountingbodies.Thereisagrowingtrendtoadoptaccountingstandardsthatareinharmonywithinternationalaccountingstandards.……7YeSunAccountingEnglishInternationalfinancialreportingstandards&GAAPAccountingconceptsandprinciplesinclude:businessentitymonetaryunitobjectivityprinciplecostprinciplegoing-concernrevenuerecognitionorrealizationprincipletimeperiodmaterialityprinciplematchingprincipleconsistencyprincipleconservatismprinciplefull-disclosureprinciple8YeSunAccountingEnglishTypesofaccountantsTherearethreebasictypesofaccountants:Privateaccountantsworkforasingleemployer.Publicaccountantsareavailabletothepublic.Governmentaccountantsworkforlocal,provincial,andfederalgovernmentagencies.9YeSunAccountingEnglishFieldsofaccountingTherearefourbroadfieldsofaccounting:financialmanagerialtaxationaccounting-related10YeSunAccountingEnglishFormsoforganizationSingleorsoleproprietorshipOwnerispersonallyresponsibleforbusinessdebts.PartnershipPartnersarepersonallyresponsibleforallpartnershipdebts.CorporationAcorporationisaseparatelegalentity.Itisresponsibleforitsowndebts.11YeSunAccountingEnglishTheaccountingequationBusinesstransactionsalwaysaffectatleasttwoelementsintheaccountingequation.Theaccountingequationis: Assets=Liabilities+Owner’sequityAfteratransactionisrecorded,theaccountingequationmustbeinbalance.12YeSunAccountingEnglishUsingtheaccountingequation(1)Recording(2)Reporting (BasicStepsofAccountingProcessing)Example1-2Page1213YeSunAccountingEnglishAnexample!14YeSunAccountingEnglishLet’sanalyzesometransactionsforJJ’sLawnCareService.15YeSunAccountingEnglishOnMay1,2001,JillJonesdeposited$8,000inthebanktoofficiallystartJJ’sLawnCareService.TheEffectsofBusinessTransactions16YeSunAccountingEnglish3TheEffectsofBusinessTransactions17YeSunAccountingEnglish3OnMay2,2001,JJ’spurchasedaridinglawnmowerfor$2500cash.TheEffectsofBusinessTransactions18YeSunAccountingEnglish3TheEffectsofBusinessTransactions19YeSunAccountingEnglish3OnMay8,2001,JJ’spurchaseda$15,000truck.JJ’spaid$2000downincashandissuedanotepayablefortheremaining$13000.TheEffectsofBusinessTransactions20YeSunAccountingEnglish3TheEffectsofBusinessTransactions21YeSunAccountingEnglish3OnMay11,2001,JJ’spurchasedsomerepairpartsfor$300onaccount.TheEffectsofBusinessTransactions22YeSunAccountingEnglish3TheEffectsofBusinessTransactions23YeSunAccountingEnglish3OnMay18,2001,JJ’ssoldhalfoftheirrepairpartstoABCLawnsfor$150,apriceequaltoJJ’scost.JJ’swillreceivethecashwithin30days.TheEffectsofBusinessTransactions24YeSunAccountingEnglish3TheEffectsofBusinessTransactions25YeSunAccountingEnglish3OnMay25,2001,ABCLawnspaysJJ’s$75asapartialsettlementofitsaccountsreceivable.TheEffectsofBusinessTransactions26YeSunAccountingEnglish3TheEffectsofBusinessTransactions27YeSunAccountingEnglish3OnMay28,2001,JJ’spays$150ofitsaccountspayable.TheEffectsofBusinessTransactions28YeSunAccountingEnglish3TheEffectsofBusinessTransactions29YeSunAccountingEnglish3OnMay29,2001,JJ’srecordedlawncareservicesprovidedduringMayof$750.Allclientspaidincash.TheEffectsofBusinessTransactions30YeSunAccountingEnglish3TheEffectsofBusinessTransactions31YeSunAccountingEnglish3OnMay31,2001,JJ’spurchasedgasolineforthelawnmowerandthetruckfor$50cash.TheEffectsofBusinessTransactions32YeSunAccountingEnglish3TheEffectsofBusinessTransactions33YeSunAccountingEnglish3Let’sreviewhowJJ’stransactionsaffectedtheaccountingequation.TheEffectsofBusinessTransactions34YeSunAccountingEnglish335YeSunAccountingEnglish3ThesetransactionsimpacttheStatementofCashFlows.ThesetransactionsimpacttheIncomeStatement.BalanceSheet!36YeSunAccountingEnglish3EthicsinaccountingAccountantsmustperformtheirresponsibilitiesaccordingtothehighestethicalstandardsbecausemanyusersrelyonfinancialreports.Someofthebasicethicalstandardsexpectedofprofessionalaccountantsinclude:confidentialitycompetenceobjectivityintegrity37YeSunAccountingEnglishEndofLesson138YeSunAccountingEnglishSheet:Sheet1JJ'sLawnCareServiceBalanceSheetMay2,2001AssetsOwner'sEquityCash5500.0JillJones,capital8000.0Tools&equipment2500.0Total8000.0Total8000.0Sheet1 Assets = Liabilities + Owner'sEquity Cash + Accts.Rec. + Tools&Equip. + Truck = NotesPayable + Accts.Pay. + JillJones,Capital May1 $8,000 $8,000 Balances $8,000 $8,000 May2 (2,500) $2,500 Balances $5,500 $2,500 $8,000 May8 (2,000) $15,000 $13,000 Balances $3,500 $2,500 $15,000 $13,000 $8,000 May11 300 $300 Balances $3,500 $2,800 $15,000 $13,000 $300 $8,000 May18 $150 (150) Balances $3,500 $150 $2,650 $15,000 $13,000 $300 $8,000 May25 75 (75) Balances $3,575 $75 $2,650 $15,000 $13,000 $300 $8,000 May28 (150) (150) Balances $3,425 $75 $2,650 $15,000 $13,000 $150 $8,000 May29 750 750 Balances $4,175 $75 $2,650 $15,000 $13,000 $150 $8,750 May31 (50) (50) Balances $4,125 $75 $2,650 $15,000 $13,000 $150 $8,700&APage&P