会计学原理英文教学课件Chapter-01ACCOUNTINGINBUSINESS

1、ACCOUNTING IN BUSINESSChapter 1钎蛮掐璃唬争蔽凿挠愧丢录崇锐拄跳帛肋扎谦才悍孺画毒枫盎姿钳翼矩磁会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS第1页，共40页。IdentifyingSelect transactions and eventsRecordingInput, measure and classifyCommunicatingPrepare, analyze and interpretIMPORTANCE OF ACCOUN

2、TINGAccountingC1肌吁哺姓站贞卸肆孪塑恕躁儿崇撮臀后召移馋能吴酱事滦倔游叹畅同鼎虏会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS第2页，共40页。USERS OF ACCOUNTING INFORMATIONExternal UsersLendersShareholdersGovernmentsConsumer GroupsExternal AuditorsCustomersInternal UsersManagersOfficers/Director

3、sInternal AuditorsSales StaffBudget OfficersControllersC2翘涅哗莽狸郸苟聋讳回礼顷汾拈竖褪蹲大虽材凹芦据豺设阉悟武渝吾倾刻会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS第3页，共40页。USERS OF ACCOUNTING INFORMATIONExternal UsersFinancial accounting provides external users with financial statement

4、s.Internal UsersManagerial accounting provides information needs for internal decision makers.C2贬愚粗恢述片刻劣呸钓醇式信苞帜暇印尺吻通煤像晦角坏跌窍界白义瓶燃会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS第4页，共40页。OPPORTUNITIES IN ACCOUNTINGFinancialPreparationAnalysisAuditingRegulatoryCo

5、nsultingPlanningCriminal investigationManagerialGeneral accounting Cost accountingBudgetingInternal auditingConsultingControllerTreasurerStrategyTaxationPreparationPlanningRegulatoryInvestigationsConsultingEnforcementLegal servicesEstate plansAccounting-relatedLendersConsultantsAnalystsTradersDirect

6、orsUnderwritersPlannersAppraisersFBI investigatorsMarket researchersSystems designersMerger servicesBusiness valuationHuman servicesLitigation supportEntrepreneursC3垂古块檄豫榴捻隘藏舒跪推士时疲陌市亭六耙痢庇参钩氢庶鼠哺蓬苔蹿企会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS第5页，共40页。ACCOUN

7、TING JOBS BY AREAC3藕浮颤同骗欢巡奖乘球居瞄料馁跟李怜半环第钟恳穷懒迷综扳宁紊谱卢咱会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS第6页，共40页。Beliefs that distinguish right from wrongAccepted standards of good and bad behaviorETHICS - A KEY CONCEPTC4涛厢吩羽烬灶迭粉帛催足乡散瘪嗽叼申歇辨儿虱饯镶鸯锅慕胺甥耍卑磨堕会计学原理英文ppt课件

8、Chapter_01ACCOUNTING IN BUSINESS会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS第7页，共40页。 Identify ethical concerns Analyze options Make ethical decisionUse personal ethics to recognize ethical concern.Consider all good and bad consequences.Choose best option after weighing all consequences.ETHICS - A K

9、EY CONCEPTC4薛访订抢装梆篱柱抖如拆雅叼愧恕临终锋梦莎景硷鸽砌勃缀燎烃胳妇手绳会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS第8页，共40页。Financial accounting practice is governed by concepts and rules known as generally accepted accounting principles (GAAP).GENERALLY ACCEPTED ACCOUNTING PRINCIPL

10、ESRelevant InformationAffects the decision of its users.Reliable InformationIs trusted by users.Comparable InformationIs helpful in contrasting organizations.C5吻荫频玲翘吏拧读恍肇碍吨巡拟豪藐木稠这金示厅纂碌审鞍颧鬃菇芭嚏栏会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS第9页，共40页。The Securit

11、ies and Exchange Commission is the government group that establishes reporting requirements for companies that issue stock to the public.SETTING ACCOUNTING PRINCIPLESFinancial Accounting Standards Board is the private group that sets both broad and specific principles. The International Accounting S

12、tandards Board (IASB) issues International Financial Reporting Standards that identify preferred accounting practices to create harmony among accounting practices of different countries. C5棕镜章镭订葬莱啤碳才伎端教欺塌钓蕴茁赂换氯紫到筏汀嗜耍辙瞒犹想源会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS会计学原理英文ppt课件Chapter_01ACCOUNTING IN

13、 BUSINESS第10页，共40页。PRINCIPLES AND ASSUMPTIONS OF ACCOUNTINGCost PrincipleAccounting information is based on actual cost. Actual cost is considered objective.Revenue Recognition PrincipleRecognize revenue when it is earned.Proceeds need not be in cash.Measure revenue by cash received plus cash value

14、of items received. Matching PrincipleA company must record its expenses incurred to generate the revenue reported.Full Disclosure PrincipleA company is required to report the details behind financial statements that would impact users decisions.C5帧消覆磐瓣蒸驾迹河余诲跪帕沼撅眠年骗亩言鲁丽触巾锐犯臃远霄榴骸潮会计学原理英文ppt课件Chapter_0

15、1ACCOUNTING IN BUSINESS会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS第11页，共40页。PRINCIPLES AND ASSUMPTIONS OF ACCOUNTINGMonetary Unit AssumptionExpress transactions and events in monetary, or money, units.Business Entity AssumptionA business is accounted for separately from other business entities, inc

16、luding its owner.Time Period AssumptionPresumes that the life of a company can be divided into time periods, such as months and years.NowFutureGoing-Concern AssumptionReflects assumption that the business will continue operating instead of being closed or sold.C5还坑脖膜肆釜伎挝矮孕煞位伊节宵凰撤瑞孰褪警圃绊蕴耳耶池钮锚输氧逛会计学原理

17、英文ppt课件Chapter_01ACCOUNTING IN BUSINESS会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS第12页，共40页。FORMS OF BUSINESS ENTITIESSole ProprietorshipPartnershipCorporation茶哀眺械疚迪说害留嘛诞拘讨局担忍责酶像味弟腺沥竞掩基燎区佬经品忱会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS第13页，共40页。* Propriet

18、orships and partnerships that are set up as LLCs provide limited liability. CHARACTERISTICS OF BUSINESSES*俞秋汀褐档讼捐侧辅脱瓦毕赫壹泌术攀丸乱棚戒械酞戚拎瘴闹却湿遣尔惨会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS第14页，共40页。Owners of a corporation are called shareholders (or stockholders

19、). Shareholders are not personally liable for corporate acts. When a corporation issues only one class of stock, wecall it common stock (or capital stock).CORPORATION齐睁苯高鹏盯翼委撞翌瞬奎蜒陈樟四珊束掇拳潞哲控金忌氟锤衙傈惭蛤坛会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS第15页，共40页。SARB

20、ANES-OXLEY (SOX)Congress passed the Sarbanes-Oxley Act to help curb financial abuses at companies that issue their stock to the public. Management must issue a report stating that internal control are effective. Auditors must verify the effectiveness of internal controls.CompanyAlleged Accounting Ab

21、usesEnronInflating income, hid debt, and bribed officialsWorldComUnderstated expenses to inflate income and hid debtFannie MaeInflated incomeAdelphia CommunicationsUnderstated expenses to inflate income and hid debtAOL Time WarnerInflated revenues and incomeXeroxInflated incomeBristol-Myers SquibbIn

22、flated revenues and incomeNortel NetwordsUnderstated expenses to inflate income鸽矩碉袄卿厩鸿歉陡毖跺浩良挪谦兆佩临圭宋礼酒邮摧宽禁汛蓖披恶碱瓮会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS第16页，共40页。TRANSACTION ANALYSIS AND THE ACCOUNTING EQUATIONAssets=Liabilities+EquityAccounting Equatio

23、nA1详乙烬比圃臣抉凝肤翔吸土塌补丘顿歹泉秦记削兰寸脆卤嗜褒填币涯蚤雁会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS第17页，共40页。LandEquipmentBuildingsCashVehiclesStore SuppliesNotes ReceivableAccounts ReceivableResources owned or controlled by a companyASSETSA1疚诽谷蕾婆嘴剖郭雅腥风乾冯拨硒芒斥折戚沥围臆榜嘿货乓智袍鸳核韭衍会计

24、学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS第18页，共40页。Taxes PayableWages PayableNotes PayableAccounts PayableLIABILITIESCreditors claims on assetsA1欲悟内境珠色扎戳潘务傈侧督绦魁是傅庭撑翅睦瞥吻铁著憎驱锅渊舜域旋会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS会计学原理英文ppt课件Chapter_01ACCOUNTING I

25、N BUSINESS第19页，共40页。Equal toAssets MinusLiabilities(Net Assets)EQUITYOwners Claims on AssetsA撤俞甫巩鲸涧礼澡氰潘茶蟹阻耽梭限淖骋模汪髓蒲砂摩而痊矫岳擂糖斩峦会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS第20页，共40页。LiabilitiesEquityAssets=+EXPANDED ACCOUNTING EQUATIONRevenuesExpensesOwner Ca

26、pitalOwner Withdrawals_+_Owners EquityLiabilitiesEquityAssets=+A1会祁闻拐鞭谓肪琼花诣哼籍疏瘩伎炙绩果肉婚甩脆勤氮蝉叼锯岗厩二慌广会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS第21页，共40页。TRANSACTION ANALYSIS EQUATION The accounting equation MUST remain in balance after each transaction.Liabi

27、litiesEquityAssets=+A2丝撰耻坟烯炒戚纽娶先番驰亿谴沤眉衅坠娶吧逃不取变要竟琼恼好和炳参会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS第22页，共40页。TRANSACTION ANALYSISThe accounts involved are:(1) Cash (asset)(2) Owner Capital (equity) Chuck Taylor invests $30,000 cash to start a consulting bus

28、iness.A2汝勘屎临奥梯搽榜企缴斩刷由案斡裤弥祟审操书悍瞅盟九辕售颇趁欢贡烟会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS第23页，共40页。TRANSACTION ANALYSIS Chuck Taylor invests $30,000 cash to start a consulting business.Assets=Liabilities+EquityCashSuppliesEquipmentAccounts PayableNotes PayableC

29、. Taylor Capital (1) $ 30,000 $ 30,000 $ 30,000 $ - $ - $ - $ - $ 30,000 $ 30,000 = $ 30,000 A2帧断幢贯墟委炙寓罩幽确豺敖凸秋较针哗烃讲抖谨仪垒禄会凰彦旨庙咙除会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS第24页，共40页。The accounts involved are:(1) Cash (asset)(2) Supplies (asset)TRANSACTION A

30、NALYSIS Purchased supplies paying $2,500 cash.A2亢赴凤践广古迎百营薪胚赶衷等囊捅德咆贩论桌磷杆秧后粤峨龄蹭杠唆楞会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS第25页，共40页。TRANSACTION ANALYSIS Purchased supplies paying $2,500 cash.Assets=Liabilities+EquityCashSuppliesEquipmentAccounts PayableN

31、otes PayableC. Taylor Capital (1) $ 30,000 $ 30,000 (2) (2,500) $ 2,500 $ 27,500 $ 2,500 $ - $ - $ - $ 30,000 $ 30,000 = $ 30,000 A2芝涸巧肋刹匠港盒叹递绕袄皂奈帮诈真缺坊葛赂厅赂氖龄阅完痴摈申憎伸会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS第26页，共40页。The accounts involved are:(1) Cash (as

32、set) (2) Equipment (asset) TRANSACTION ANALYSISPurchased equipment for $26,000 cash.A2憾和砖忌辰睹摔肄绩苯哉警骚祷缮赵撒谭祝谅劳荷儒隐饼嘛永鱼耀养眨线会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS第27页，共40页。TRANSACTION ANALYSISPurchased equipment for $26,000 cash.Assets=Liabilities+EquityCa

33、shSuppliesEquipmentAccounts PayableNotes PayableC. Taylor Capital (1) $ 30,000 $ 30,000 (2) (2,500) $ 2,500 (3) (26,000) $ 26,000 $ 1,500 $ 2,500 $ 26,000 $ - $ - $ 30,000 $30,000 = $30,000 A2寇侮架驶舍铀圾器矾惯知屎薄爵费琅粟颤吱嗜疾赋辽六砌碗犀袒窒尉宏倡会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS会计学原理英文ppt课件Chapter_01ACCOUNTING

34、 IN BUSINESS第28页，共40页。The accounts involved are:(1) Supplies (asset)(2) Accounts Payable (liability)TRANSACTION ANALYSISPurchased Supplies of $7,100 and on account.A2谎芜易宅庙介犹沿侨郊羡钦蚤拔济涤穿憎疏颤众键哮啃拾宛岭睫猿为翘犀会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS第29页，共40页。TRAN

35、SACTION ANALYSISPurchased Supplies of $7,100 and on account.Assets=Liabilities+EquityCashSuppliesEquipmentAccounts PayableNotes PayableC. Taylor Capital (1) $ 30,000 $ 30,000 (2) (2,500) $ 2,500 (3) (26,000) $ 26,000 (4) 7,100 $ 7,100 $ 1,500 $ 9,600 $ 26,000 $ 7,100 $ - $ 30,000 $ 37,100 = $ 37,100

36、 A2薯熟碰灶铰奖架宵肯携山尘魏巴作肯胁畸贺昼滚末炉交离台奢妹塘被运忻会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS第30页，共40页。The accounts involved are:(1) Cash (asset) (2) Revenues (equity) TRANSACTION ANALYSISProvided consulting services receiving $4,200 cash.A2诸经巾天脓藻晓掩珍泊壕寻锁棍漆译抄递洗重初抛丸清娜奖口摧撞

37、疗脐厚会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS第31页，共40页。TRANSACTION ANALYSISProvided consulting services receiving $4,200 cash.Assets=Liabilities+EquityCashSuppliesEquipmentAccounts PayableNotes PayableC. Taylor Capital Revenue(1) $ 30,000 $ 30,000 (2) (2

38、,500) $ 2,500 (3) (26,000) $ 26,000 (4) 7,100 $ 7,100 (5) 4,200 $ 4,200 $ 5,700 $ 9,600 $ 26,000 $ 7,100 $ - $ 30,000 $ 4,200 $ 41,300 = $ 41,300 A2脯赊掖绣瓮疵虾柳窖拉洁客毕寿卧敖舍沮戴医熔厉缅毅涡播粳脑瘫让诺值会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS第32页，共40页。FINANCIAL STATEMENTSLe

39、ts prepare the Financial Statements reflecting the transactions we have recorded.Income StatementStatement of Owners EquityBalance SheetStatement of Cash FlowsP1马泰灶猩诗配何谆生押命找奉愈夹闻食锣瓣续塑扛请环肪拓踞涛页渊振疮会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS第33页，共40页。Net incom

40、e is the difference between Revenues and Expenses.The income statement describes a companys revenues and expenses along with the resulting net income or loss over a period of time due to earnings activities.INCOME STATEMENTP1井钵敖火钓乞柒漳泡锡伟包慢蓄义帮姆铀痛刽濒绿瘩员阂呕钞坎胆牵奶灼会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINES

41、S会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS第34页，共40页。The net income of $4,400 increases Owners Equity by $4,400. STATEMENT OF OWNERS EQUITYFastForwardStatement of Owners EquityFor Month Ended December 31, 2009C, Taylor, Capital December 1, 2009 $ - Plus: Investment by ower $ 30,000 Net income 4,40

42、0 34,400 Less: Withdrawals by owner 200 C. Taylor, Capital, December 31, 2009 $ 34,200 P1藻究形衫荔煮淘亿耻屏蜂兔毅歼却恐预婆米鹃哟业沸秘庚阵榆共座陋饵檀会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS第35页，共40页。The Balance Sheet describes a companys financial position at a point in time.BALANCE SHEETP1门纵资聪弘曼岩堵瑰鳞貉屎心老春洒眠挽澎如宜全饭