會(huì)計(jì)英語(yǔ)1省公共課一等獎(jiǎng)全國(guó)賽課獲獎(jiǎng)?wù)n件

WELCOME!Haven’tseenyouforsometime!第1頁(yè)遼寧對(duì)外經(jīng)貿(mào)學(xué)院外語(yǔ)系李海紅

會(huì)計(jì)英語(yǔ)

ACCOUNTING第2頁(yè)UNITONEFinancialPositionandAccountingEquation

Financialposition:economicresourcesbelongingtoacompanyandtheclaims(equities)againstthoseresourcesatapointintime.Economicresources=equitiesEconomicresources=creditor’sequity+owner’sequityAccountingequation:assets=liabilities+owner’sequity第3頁(yè)fourtypesoftransactionsthataffectowner’sequity

Owner’sinvestmentsOwner’sequityrevenuesOwner’swithdrawalsexpenses第4頁(yè)Thefullformofaccountingequation:Assets=Liabilities+Owner’sEquity+Revenue-Expenses第5頁(yè)Owner’sequityDefinition:theresidualinterestintheassetsofanentitythatremainsafterdeductingitsliabilities.Owner’sequity=assets–liabilitiesOwner’sequity=netassets第6頁(yè)LiabilitiesDefinition:probablefuturesacrificesofeconomicbenefitsarisingfrompresentobligationsofaparticularentitytotransferassetsorprovideservicestootherentitiesinthefutureasaresultofpasttransactionsorevents.Kindsofliabilities:currentliabilitiesandlong-termliabilities第7頁(yè)AssetsDefinition:probablefutureeconomicbenefitsobtainedorcontrolledbyaparticularentityasaresultofpasttransactionsorevents;economicresourcesownedbyabusinessthatareexpectedtobenefitfutureoperations.Kindsofassets:currentassets,fixedassetsandintangibleassets.第8頁(yè)Economicresourcesarereferredtoasassetsandcreditors’equitiesarereferredtoasliabilities.第9頁(yè)Equities:creditor’sequityandowner’sequity第10頁(yè)Currentassets:cash,accountsreceivable,inventories,Fixedassets:land,buildings,andequipmentIntangibleassets:patent,trademarkandbrandname,copyright,franchise第11頁(yè)Currentliabilities:accountspayable,salariespayable,taxespayable,Long-termliabilities:bondspayable第12頁(yè)CLASSROOMEXERCISESIndicatebelowwhethereachaccountisanassets(A),liabilities(L),orapartofowner’sequity(OE).CashSalariesPayableAccountsReceivableJohnson,Capital第13頁(yè)LandAccountsPayableSupplies第14頁(yè)Classroomexercises:1.Identifythefollowingtransactionsbytypeofowner’sequitytransactionbymarkingeachaseitheranowner’sinvestment(I),owner’swithdrawal(W),revenue(R),expense(E)ornotanowner’sequitytransaction(NOE).a.Receivedcashforprovidingaservice.b.Tookassetsoutofbusinessfromapersonalaccount.C.Receivedcashfromacustomerpreviouslybilledforaservice.d.Transferredassetstothebusinessfromapersonalaccout.第15頁(yè)e.Paidservicestationforgasoline.f.Performedaserviceandreceivedapromiseofpayment.g.Paidcashtopurchaseequipment.h.Paidcashtoemployeeforservicesperformed.第16頁(yè)P(yáng)art2ILLUSTRATIVETRANSACTIONSTransactions1.Johnbeginshisbusinessbydepositing$50,000inabankaccountinthenameofShannonRealty.(investment)Assets=Liabilities+Owner’sEquity1

$50,000

$50,000Bal.$50,000$50,000第17頁(yè)2.Johnpurchasesalotfor$10,000andasmallbuildingonthelotfor$25,000withcash.(purchaseofassetswithcash)Assets=Liabilities+Owner’sEquity

$50,000$50,000

2.+10,000(land)+25,000

(building)

-35,000(cash)Bal.$50,000$50,000第18頁(yè)3.Johnbuyssomeofficesuppliesfor$500oncredit.(Purchaseofassetsbyincurringaliability)Assets=Liabilities+Owner’sEquity$50,000$50,000

3.+$500(supplies)+$500(accountspayable)Bal.$50,500$500$50,000第19頁(yè)4.Johnpays$200ofthe$500owedforthesupplies.(paymentofaliabilities)Assets=Liabilities+Owner’sEquity$50,500$500$50,000

-$200(cash)-$200(accountspayable)Bal.$50,300$300$50,000第20頁(yè)5.ShannonRealtysellsahouseandreceivesacommissionincashof$1,500.

Assets=Liabilities+Owner’sEquity$50,300$300$50,000

5.+$1,500(cash)+$1,500(revenue)Bal.$51,800$300$51,500第21頁(yè)6.Johnsellsahousecallingforacommissionof$2,000,butJohnagreestowaitforthepayment.(revenueoncredit)Assets=Liabilities+Owner’sEquity$51,800$300$51,500

$2,000

(accountsreceivable)$2,000

(revenue)Bal.53,800$300$53,500第22頁(yè)7.AfewdayslaterShannonreceives$1,000fromtheclient.Assets=Liabilities+Owner’sEquity$53,800$300

$53,500

7.+$1,000(cash)

-$1,000(accountsreceivable)

bal.$53,800$300$53,500

第23頁(yè)8.JohnShannonpays$1,000torentsomeequipmentfortheoffice.Assets=Liabilities+Owner’sEquity$53,800$300

$53,5008.-$1,000(cash)

-$1,000(expense)

bal.$52,800$300$52,500第24頁(yè)9.Johnpays$400inwagestoapart-timehelper.(expense)Assets=Liabilities+Owner’sEquity$52,800$300$52,5009.-$400(cash)

-$400(expense)Bal.$52,400$300$52,100第25頁(yè)10.Johnhasn’tpaidthebillofutilityexpenseof$300.Assets=Liabilities+Owner’sEquity

$52,400$300$52,100

+$300(accountspayable)-$300(expense)Bal.$52,400$600$51,800第26頁(yè)11.Johnwithdraws$600incashfromShannonRealtyanddepositsitinhispersonalaccount.Assets=Liabilities+Owner’sEquity$52,400$600$51,80011.-$600(cash)

-$600(capital)

Ba.$51,800$600$51,200第27頁(yè)ClassroomexercisesCharleneRudekfinishedlawschoolinJuneandimmediatelysetupherownlawpractice.Duringthefirstmonthofoperationshecompletedthefollowingtransactions:1.Beganthelawpracticebyplacing$2,000inabankaccountestablishedforthebusiness.2.Purchasedalawlibraryfor$900cash.3.Purchasedofficesuppliesfor$400oncredit.

第28頁(yè)4.Accepted$500incashforcompletingacontract.5.Billedclients$1,950forservicesrenderedduringthemonth.6.Paid$200oftheamountowedforofficesupplies.7.Received$1,250incashfromoneclientwhohadbeenpreviouslybilledforservicesrendered.8.Paidrentexpenseforthemonthintheamountof$1,200.9.Withdrew$400fromthepracticeforpersonaluse.第29頁(yè)Onasheetofpaper,listthenumbers1through10,withcolumnsforAssets,Liabilities,andOwner’sEquity.Inthecolumns,indicatewhethereachtransactioncausedanincrease(+),adecrease(-),ornochange(NC)inassets,liabilities,andowner’sequity.第30頁(yè)DuringthemonthofApril,GrissomCo.hadthefollowingtransactions:1.PaidsalariesforApril,$1,800.2.Purchasedequipmentoncredit,$3000.3.Purchasedsupplieswithcash,$100.4.Additionalinvestmentbyowner,$4,000.第31頁(yè)5.Paidforpartofequipmentpreviouslypurchasedoncredit,$1,000.6.Receivedpaymentforservicesperformed,$600.7.Billedcustomersforservicesperformed,$1,600.8.Withdrewcash,$1,500.第32頁(yè)9.Receivedpaymentfromcustomersbilledpreviously,$300.10.Receivedutilitybill,$70..第33頁(yè)P(yáng)art3ProfessionalEthicsandAccountingProfession李海紅第34頁(yè)P(yáng)rofessionalEthicsandtheAccountingProfessionRevisions:1.Accountingequation2.Useaccountingequationtoanalyzethetransactions.第35頁(yè)AccountingProfessionEthics

ManagementAccountingPublicAccountingGovernmentandotherNot-for-ProfitAccountingAccountingEducation第36頁(yè)EthicsEthicsistheapplicationofacodeofconducttoeverydaylife.Itaddressesthequestionofwhetheractionsaregoodorbad,rightorwrong.Ethicsactionsaretheresultsofindividualdecisionsandyouarefacedwithmanyethicalsituationseveryday.第37頁(yè)ManagementAccountinganaccountantwhoisemployedbyabusinessissaidtobeinmanagementaccounting.Asmallbusinessmayhaveonlyonepersondoingthiswork,thoughamedium-sizeorlargecompanymayhavehundredsofaccountantsworkingunderachiefaccountingofficercalledacontroller,treasurer,orfinancialvicepresident.第38頁(yè)P(yáng)ublicAccountingthefieldofpublicaccountingoffersservicesinauditing,taxes,andmanagementconsultingtothepublicforafee.第39頁(yè)GovernmentandOtherNot-for-ProfitAccountingAgenciesanddepartmentsatalllevelsofgovernmenthireaccountantstopreparereportsthatofficialscanresponsiblycarryouttheirduties.Not-for-Profitorganizationsarehospitals,colleges,universities,andfoundations.第40頁(yè)AccountingEducationTrainingnewaccountantsisachallengingandrewardingcareer,andtodayinstructorsofaccountingareingreatdemand.inmanyschoolsholdingtheCPA,CMA,orCIAcertificatewillhelpandinstructortoadvanceprofessionally.第41頁(yè)P(yáng)art4Accounts李海紅第42頁(yè)Revisions1.Professionalethics2.Theclassificationoftheaccountingprofession第43頁(yè)AccountsAssets:Cash

NotesReceivable

AccountsReceivable

PrepaidExpenses

Land

Buildings

Equipment第44頁(yè)CashCashisthetitleoftheaccountusedtorecordincreasesanddecreasesincash.Cashconsistsofmoneyoranymediumofexchangethatabankwillacceptatfacevaluefordeposit.Cash:coins,currency,checks,postalandexpressmoneyorders,moneydepositedinabankorbanks,cashonhand.第45頁(yè)NotesReceivableApromissorynoteisawrittenpromisetopayadefinitesumofmoneyatafixedfuturedate.AccountsduefromothersintheformofpromissorynotesarerecordedinanaccountcalledNotesReceivable.第46頁(yè)AccountsReceivableAccountsReceivableisincurredbyCreditSales,orSalesonAccount.CreditsalesincreaseAccountsReceivable.第47頁(yè)P(yáng)repaidExpensesPrepaidInsuranceOfficeSuppliesPrepaidRentStoreSuppliesPrepaidTaxes第48頁(yè)LandLandaccountisusedtorecordpurchasesofpropertytobeusedintheordinaryoperationsofthebusiness.第49頁(yè)BuildingsPurchaseofstructurestobeusedinthebusinessarerecordedinanaccountcalledBuildings.Althoughabuildingcannotbeseparatedfromthelanditoccupies,itisimportanttomaintainseparateaccountsforthelandandthebuildings.第50頁(yè)EquipmentOfficeEquipment:desks,chairs,officemachines,filingcabinets,andtypewriters.StoreEquipment:cashregisterscounters,showcases,shelves,andsimilaritems.MachineryandEquipment:lathes,drillpressesandotherequipment.TrucksandAutomobiles.第51頁(yè)P(yáng)art6LiabilityandOwner’sEquity李海紅第52頁(yè)RevisionsAssets:Cash

NotesReceivable

AccountsReceivable

PrepaidExpenses

Land

Buildings

Equipment第53頁(yè)LiabilityNotesPayableAccountsPayableOtherShort-TermLiabilitiesLong-termLiabilities第54頁(yè)Owner’sEquityCapitalAccountWithdrawalsAccountRevenuesandExpense第55頁(yè)NotesPayableNotesPayableistheoppositeofNotesReceivable.Itisusedtorecordincreasesanddecreasesinpromissorynoteamountsowedtocreditorswithinthenextyearoroperatingcycle.第56頁(yè)AccountsPayableAccountsPayableistheoppositeofAccountsReceivable.ItcomesfromCreditPurchase.第57頁(yè)OtherShort-TermLiabilityWagesPayableTaxesPayableRentPayableInterestPayableUnearnedFeesCustomerDepositUnearnedRevenue第58頁(yè)CapitalAccountWhensomeoneinvestsinhisorherowncompany,theamountoftheinvestmentisrecordedinacapitalaccount.第59頁(yè)WithdrawalAccountApersonwhoinvestsinabusinessusuallyexpectstoearnanincomeantouseatleastpartoftheassetsearnedfromprofitableoperationstopaypersonallivingexpenses.第60頁(yè)RevenueandExpenseAccountsRevenuesincreaseowner’sequity,andexpensesdecreaseowner’sequity:CommissionsEarnedAdvertisingFeesEarnedWagesExpenseSuppliesExpenseRentExpenseAdvertisingExpense第61頁(yè)T-AccountandDouble-EntrySystem李海紅第62頁(yè)RevisionsAssetsaccountsLiabilitiesaccountsOwner’sEquityaccounts第63頁(yè)T–accountandDouble-EntrySystemEvolutionofthedouble-entrysystemTheT-account第64頁(yè)

遼寧對(duì)外經(jīng)貿(mào)學(xué)院精品課（高職課）會(huì)計(jì)英語(yǔ)主講人：李海紅講師

第65頁(yè)

DebitCreditforforDecreaseIncrease

Assets=Liabilities+Owner’sEquity

DebitCreditforforDecreaseIncrease

DebitCreditforforIncreaseDecrease?Theaccountingequation?

ThebasicrulesofT-account?Assets=Liabilities+Owner’sEquity第66頁(yè)JOURNALSandJOURNALIZINGJournals:generaljournal;special-purposejournalJournalizing:theprocessofrecordingtransactionsinajournal.

H第67頁(yè)ExamplesThefollowingtransactionsfortheJoanMillerAdvertisingAgencyhappenedinJanuary:January1.JoanMillerinvested$10,000tostartherownadvertisingagency.January2.Rentedanoffice,payingtwomonth’srent,$800.第68頁(yè)January5.PurchasedofficeequipmentfromMorganEquipmentfor$3,000,paying$1,500incashandagreeingtopaytherestnextmonth.January6.Purchasedoncreditartsuppliesfor$1,800andofficesuppliesfor$800fromTaylorSupplyCompany.January19.PerformedaservicebyplacingseveralmajoradvertisementforWardDepartmentStores.Thefeeof$2,800isbillednowbutwillbecollectednextmonth.

S第69頁(yè)

Recordthefollowingtransactionsinthegeneraljournal.January8.Paid$480foraone-yearinsurancepolicywithcoverageeffectiveJanuary1.January9.PaidTaylorSupplyCompany$1,000oftheamountowed.January10.Performedaservicebyplacingadvertisementsforanautomobiledealerinthenewspaperandcollectedafeeof$1,400.Homework第70頁(yè)January12.Paidthesecretarytwoweeks’wages,$600.January15.Accepted$1,000asanadvancefeeforartworktobedoneforanotheragency..January25.JoanMillerwithdrew$1,400fromthebusinessforpersonallivingexpenses.第71頁(yè)January26.Paidthesecretarytwomoreweeks’wages,$600.January29.Receivedandpaidtheutilitybillof$100.January30.Received(butdidnotpay)atelephonebill,$70.第72頁(yè)GeneralJournalDateDescriptionPost.Ref.DebitCredit

111311Jan.1Cash

$10,000$10,000JoanMiller,CapitalInvestmentinbusiness第73頁(yè)DateDescriptionPost.Ref.DebitCredit

Jan.2PrepaidRentCashPaidtheofficerentinadvance117111$800$800第74頁(yè)DateDescriptionPost.Ref.DebitCredit

Jan.19AccountsReceivableAdvertisementFeesEarnedRevenueearned,tobecollectedlater113411$4,200$4,200第75頁(yè)DateDescriptionPost.Ref.DebitCredit

Jan.5OfficeEquipmentCash

AccountsPayablePartialpaymentofofficeequipment146111212$3000$1,500$1,500第76頁(yè)DateDescriptionPost.Ref.DebitCredit

Jan.6ArtSuppliesOfficeSupplies

AccountsPayablePurchaseofsuppliesoncredit115116212$1,800$800$2,600第77頁(yè)DateDescriptionPost.Ref.DebitCredit

YearMonthDayThenameoftheaccountsdebitedand

creditedAbriefexplanationofthetransactionsDebitamountCreditamount第78頁(yè)Revisions1.Posting2.Ledgers第79頁(yè)TheTrialBalanceTheequalityofdebitandcreditbalancesintheledgershouldbetestedperiodicallybypreparingatrialbalance.Thestepsinpreparingatrialbalancefollow:第80頁(yè)1.Determinethebalanceofeachaccountintheledger.2.Listeachledgeraccountthathasabalance,withthedebitbalancesintheleftcolumnandthecreditbalancesintherightcolumn.Accountsarelistedintheordertheyappearintheledger.3.Addeachcolumn.4.Comparethetotalsofeachcolumn.第81頁(yè)JoanMillerAdvertisingAgencyTrialBalanceJanuary31,CashAccountsReceivableArtSuppliesOfficeSuppliesPrepaidRentPrepaidInsuranceArtEquipmentOfficeEquipment$1,7202,8001,8008008004804,2003,000第82頁(yè)AccountsPayableUnearnedArtFeesJoanMiller,CapitalJoanMiller,WithdrawalAdvertisingFeesEarnedOfficeWagesExpenseUtilityExpenseTelephoneExpense1,4001,20010070$3,1701,00010,0004,200第83頁(yè)TheMeasurementofBusinessIncomeNetIncomeNetincomeisthenetincreaseinowner’sequityresultingfromtheoperationsofthecompany.Netincome,initssimplestform,ismeasuredbythedifferencebetweenrevenuesandexpenses:Netincome=revenues-expenses第84頁(yè)Revenues:inthesimplestcase,theyequalthepriceofgoodssoldandservicesrenderedduringperiodoftime.Expenses:expensesarethecostsofthegoodsandservicesusedupinthecourseofgainingrevenues.Oftencalledthecostofdoingbusiness,expensesincludethecostsofgoodssold,thecostsofactivitiesnecessarytocarryonthebusiness.第85頁(yè)TheAdjustment1.Apportioningrecordedexpensesbetweentwoormoreaccountingperiods.(deferrals)

PrepaidRent

PrepaidInsurance

ArtSuppliesandOfficeSupplies

DepreciationofPlantandEquipment第86頁(yè)2.Apportioningrecordedrevenuesbetweentwoormoreaccountingperiods:Unearnedartfees第87頁(yè)P(yáng)repaidRentRentExpense400PrepaidRent400第88頁(yè)P(yáng)repaidInsuranceInsuranceExpense40PrepaidInsurance40第89頁(yè)ArtSuppliesandOfficeSuppliesArtSuppliesExpense500ArtSupplies500OfficeSuppliesExpense200OfficeSupplies200第90頁(yè)DepreciationofPlantandEquipmentDepreciationExpense,ArtEquipment70AccumulatedDepreciation,ArtEquipment70DepreciationExpens