会计英语复习要点课件

1、会计英语复习要点Unit 3Dialogue1. The concept of fixed assetsWhat does PPE stand for?Could you come out with some examples for PPE?How can you get these fixed assets?会计英语复习要点2.Fixed assets recording what does fixed assets cost usually include?If you self-constructs a fixed assets, how would you record its co

2、st?Do you know how to allocate lump sum (basket) purchase price?If a fixed asset is acquired by non-monetary exchange, how would you assess its cost?Do you have an idea of how to record the cost of a fixed asset through a business combination or a debt restructuring transaction? What other informati

3、on should be disclosed in addition to the cost of fixed assets? 会计英语复习要点Section 1 fixed assetsCan you say some words about long-term assets?Can you generalize the main characteristics of fixed assets?What are the conditions for fixed assets to be recognized by accountants?会计英语复习要点How can you explain

4、 “depreciation”?What factors are necessary to calculate the depreciation expense? Please define clearly these factors.Do you know what the four most commonly used depreciation methods are?When we employ the four depreciation methods, what relevant factors should we consider while selecting the more

5、appropriate one?会计英语复习要点Unit 4 Dialogue 1.Sources of outside financingWhat kind of sources of outside financing are discussed in this dialogue?From what markets can some companies raise money?For construction ventures, how can they finance?会计英语复习要点Section 1 Current LiablilitesHow can you classify Li

6、abilities?What is the difference between current liabilities and long-term liabilities?What kind of current liabilities does the section 1 mainly discuss?How does each of these current liabilities incur?Can you make accounting treatments for them? 会计英语复习要点Section 2 Long-term LiablilitesCan you give

7、some examples of long-term liabilities?Can you write down the right entries by using the appropriate accounts to record the issuance of bond at a discount/premium and the amortization of the discount/premium?会计英语复习要点Unit 5Dialogue: the accounting of owners equityWhat forms of the businesses are main

8、ly discussed in this dialogue?Do you know how the partnership distributes its profit?What accounts should be established to account for the owners equity in a partnership according to the dialogue?What is the most important advantage to form a corporation from the standpoint of investors?When the co

9、st incurs during the formation of a corporation, how is it accounted for?Does a withdrawing account exist in a corporation? and why?Table: Accounts to record owners equity in a corporationowners equity会计英语复习要点Section 1 Ownerships of Business EntitiesHow many legal organization forms for an enterpris

10、e are there in the real business world?Can you identify the characteristics of proprietorship and partnership with regards to liability and income tax? What are they?What accounts are used to account for the owners equity of a proprietorship?What are the advantages and the disadvantages for a busine

11、ss of adopting the form of corporation.? 会计英语复习要点Section 2 Sole proprietorship and partnerships accountingIn this section , you should study the three examples carefully and get familiar with the accounts adopted to make accounting treatments for the main four kinds of transactions affecting the own

12、ers equity for a partnership. (the four kinds of transactions- the initial investment; the additional investment; earning profit; distributing profit)会计英语复习要点Section 4 Capital vs. Retained Earnings One blank, one wordFor a corporation, owners equity can be defined as _ _ (or_ _, or _ _), which inclu

13、des _ _ and _ _ (or _ _)that constitute _ capital , and _ _ (or _ _)that can be distributed as dividends.会计英语复习要点Unit 6Dialogue 1 Sales RevenueWhat conditions should sales revenue be measured by?The amount of sales revenue should be determined by the amount stipulated in the c_ or a_ signed by the s

14、eller and the buyer.Should cash discounts and sales allowance be treated in accounting as operating expenses?会计英语复习要点Dialogue 2 Service RevenueWhat would be the first step to determine how much service revenue are generated? And the last step? 会计英语复习要点Dialogue 3 Other Operating RevenuesSome other op

15、erating revenues are generated by the use of e_ a_ by others. They may include the revenues from l_ wrappage, r_ rights of assets and l_ money to others. 会计英语复习要点Dialogue 4 Period ExpenseWhat expenses can be classified as period expenses?Operating expenses are expenses incurred during the s_.Adminis

16、trative expenses are expenses incurred in o_ and m_ the operating activities of the enterprise.Finance expenses are expenses incurred during the r_ funds required for the enterprise.会计英语复习要点Section 1 RevenueSee the objectives in front.Revenue is the inflowing benefit incurred from such activities as

17、 _, _ and _.What specific accounting principle should be applied when it comes to record the revenue?For cash discounts, “2/10, n/30” can be read as_. “2/EOM, n/60” can be read as_.会计英语复习要点Section 2 ExpensesSee the objectives.Expenses are the o_ incurred in the course of production and operation, wh

18、ich includes _ costs and _ costs.会计英语复习要点Unit 7Dialogue: What is Balance SheetWhat assets will Mary need to start up her new business? How will she finance it?If you understand quite well the word “balance” means equal amounts: a situation in which different things exist in equal amounts. How can yo

19、u explain why a balance sheet is called a “balance” sheet?会计英语复习要点Section 1 Balance SheetBalance sheet is a summary of a companys _, _ and _, which snaps the companys financial condition at _. Exercise Assets 12,6,11,10,1,14 Liabilities 13,8,3,9 Owners equity 5,2,7,4 会计英语复习要点The following accounts a

20、nd June 30,20*, balances of Witt, Inc., are arranged in no particular order. Prepare the companys classified balance sheet in the account format at June 30, 20*. 1. Property, plant, and equipment , net.$231,000 2.Common stock, $1 par, 236,000 shares issued236,000 3.Dividends payable. 9,000 4.Retaine

21、d earnings. 29,000 5.Preferred stock, $0.10, no-par, 10,000 shares authorized and issued. 25,000 6.Accounts receivable, net. 46,000 7.Paid-in capital in excess of par- common. 19,000 8.Accrued liabilities26,000 9.Long-term note payable 12,000 10.Inventory 81,000 11.Prepaid expenses.10,000 12.Cash 10

22、,000 13.Accounts payable 31,000 14.Trademark, net.9,000会计英语复习要点Section 2 the Income Statement The income statement is a financial statement that summarizes the net income or _ a business _ or loses during a period by deducting _ and expenses from _.There are two forms of income statements: _ and _.As for the multiple-step income statement, the first step is to deduct _ from sales to produce the gross profit; the second step is to subtract _, _, and finance expenses from the gross profit