财会英语（高职）PPT完整全套教学课件

财会英语ClickToEditTitleStyle

UNIT1WhatIsFinancialAccounting?definefinancialaccountingdifferentiatebetweenfinancialaccountingandmanagerialaccountingexplaintheusesoffinancialaccountinglistaccountingprinciplesandassumptionsLearningObjectives

TeachingContents

FocusontheTopic1VocabularyStudy2ReadingOne3Task-drivenPractice4ReadingTwo&Writing5PairWork:Discussthefollowingquestionswithyourpartner.1.Whatistherelationshipbetweenaccountingandfinancialaccounting?2.Whatistheuseoffinancialaccounting?3.Whatprinciplesandassumptionsisfinancialaccountingbasedon?

FocusontheTopic1.ThefollowingwordsandphrasesarefromReadingOne.Fillintheblankswiththemandchangetheformswherenecessary.

VocabularyStudyinterpretadheretotothisendunderlyingcredibleassumptioninsofarasinternalsubjecttomandate1Wemust____________theprincipleofmakingstudyservethepracticalpurpose.2Thefactorsthatpushyououtofbalancecanbeexternalor____________.3Wethereforehavetoprovidemoreaccurateand____________information.4Foreverytrait,youcan____________itinapositiveandanegativemanner.5NASAandtheRussianspaceagency____________thatlandingsmustoccuratleastonehourafterdawnandonehourbeforedusk.adhereto

internalcredibleinterpretmandate1.ThefollowingwordsandphrasesarefromReadingOne.Fillintheblankswiththemandchangetheformswherenecessary.

VocabularyStudy6Thisinvestmentusesfinancialassetsthatare____________marketconditions,suchasstocksandbonds.7Thisprojectwaspredicatedonthe____________thattheeconomywasexpanding.8TheFedbelievestheearlierassetspurchasesworked,____________theyloweredlong-terminterestrates.9Lackofeffectivecommunication,feedbackandtrustseemtobethe____________reasonformostoftheabovepoints.10____________,particularemphasiswouldbegiventhenextfewyearsonincreasingforeignparticipationintheinstitutionalinvestormarket.interpretadheretotothisendunderlyingcredibleassumptioninsofarasinternalsubjecttomandatesubjecttoassumptioninsofarasunderlyingTothisend2.ThefollowingaccountingterminologiesarefromReadingOne.MatchthemwiththeirChineseequivalents.

VocabularyStudy1financialaccountinga□财务业绩2financialstateb□历史成本原则3financialhealthc□充分披露4financialperformanced□财务健康5financialdecisione□经济实体6costprinciplef□配比原则7matchingprincipleg□持续经营8fulldisclosureh□财务状况9goingconcerni□财务会计10economicentityj□财务决策123456789XReadforMainIdeasReadthepassagecarefullyandfindanswerstothefollowingquestions.

ReadingOne(1)Whatisthepurposeoffinancialaccounting?Financialaccountingcreatesapublicrecordofacompany'shistoricalfinancialperformance,whichallowsstockholdersandotherstakeholdersoutsideoftheorganizationtogetaclearpictureofabusiness'sfinancialhealth.ReadforMainIdeasReadthepassagecarefullyandfindanswerstothefollowingquestions.

ReadingOne(2)Whatisthedistinctionbetweenfinancialaccountingandmanagerialaccounting?Managerialaccountingfocusesoninterpretingfinancialinformationforusewithinthecompanytoassistmanagersinmakingdecisions.Managerialaccountingreportscanbepresentedinanyformat,anddonothavetoadheretospecificaccountingprinciples,exceptinsofarasgoodpracticeandethicalstandardsarefollowed.Financialaccountingfollowsgenerallyacceptedaccountingprinciples(GAAP)andisnotusedforinternaldecision-making.Oneveryimportantdistinctionbetweenmanagerialandfinancialaccountingisthatamanagerialaccountingreportisfuture-orientedandaddressesthefinancialneedsofthecompany,whileafinancialaccountingreportisbasedstrictlyonhistorical,pastfinancialperformance.ReadforMainIdeasReadthepassagecarefullyandfindanswerstothefollowingquestions.

ReadingOne(3)WhatisGAAPbasedon?GAAPisbasedonsomebasicunderlyingprinciplesandconceptssuchasthecostprinciple,matchingprinciple,fulldisclosure,goingconcern,economicentity,conservatism,relevance,andreliability.ReadforDetailsReadthepassagequicklyanddecidewhetherthestatementistrueorfalse.

ReadingOneTrueFalse(1)Financialaccountingisaspecializedbranchofaccounting.□□(2)Financialaccountingcreatesreportstotheexternalusers.□□(3)Financialaccountingreportisfuture-oriented.□□(4)GAAPisactiveandincludessomeverycomplexstandards.□□(5)It’snotnecessaryforpeopletopassalicensureexamtobequalifiedasCPAs.□□■■■■■

Task-drivenPracticeTaskOne:E-CtranslationTranslatethefollowingsentencesfromEnglishtoChinese.(1)Thefunctionoffinancialaccountingistopreparereliablereportsonabusiness'sfinancialstateatanygiventime.(2)Financialaccountingfollowsgenerallyacceptedaccountingprinciples(GAAP)andisnotusedforinternaldecision-making.(3)Iffinancialaccountingisgoingtobeuseful,acompany'sreportsneedtobecredible,easytounderstand,andcomparabletothoseofothercompanies.财务会计的作用是在任何特定的时间准备可靠的报告以说明企业的财务状况。

财务会计遵循公认会计原则，不用于内部决策。要使财务会计发挥作用，公司的财务报告必须可靠、易懂，并与其他公司的财务报告有可比性。

Task-drivenPracticeTaskOne:E-CtranslationTranslatethefollowingsentencesfromEnglishtoChinese.(4)GAAPincludesmanyspecificpronouncementsasissuedbytheFinancialAccountingStandardsBoard(FASB).(5)TheserequirementsmandateanannualreporttostockholdersaswellasanannualreporttotheSEC.公认会计准则包括财务会计准则委员会发布的许多具体规定。这些要求规定每年向股东和证券交易委员会提交年度报告。

Task-drivenPracticeTaskTwo:C-EtranslationTranslatethefollowingsentencesfromChinesetoEnglish.(1)他们可以对企业的财务业绩进行预测性的假设，并在此基础上作出未来的财务决策。(2)管理会计侧重于解释财务信息供公司内部使用，以协助经理作出决策。(3)为此，财务会计遵循会计准则或公认会计原则等一组通用规则。Theycanmakepredictiveassumptionsonperformanceandbasefuturefinancialdecisionsontheseassumptions.Managerialaccountingfocusesoninterpretingfinancialinformationforusewithinthecompanytoassistmanagersinmakingdecisions.Managerialaccountingfocusesoninterpretingfinancialinformationforusewithinthecompanytoassistmanagersinmakingdecisions.

Task-drivenPracticeTaskTwo:C-EtranslationTranslatethefollowingsentencesfromChinesetoEnglish.(4)财务会计准则委员会是一个非政府组织，致力于研究当前所需并制定会计规则来满足这些需求。(5)为能在财务会计领域谋取职位，个人必须完成规定的学习计划，以成为一名注册会计师。TheFASBisanon-governmentgroupthatresearchescurrentneedsanddevelopsaccountingrulestomeetthoseneeds.Inordertopursueacareerinfinancialaccounting,onemustcompleteanapprovedprogramofstudytobecomeaCPA,certifiedpublicaccountant.

Task-drivenPracticeTaskThree:ReadingComprehensionThefollowingquestionsarebasedonReadingOne.Gooverthequestionsfirst.Thenfastreadthepassageandmaketherightchoices.1Thebranchofaccountingthatfocusesonthepreparationandpresentationoffinancialstatementsprimarilytoexternalusers.a.b.c.d.FinancialaccountingManagementaccountingExternalauditingTaxaccounting2Thebranchofaccountingthatprovidesinformationusedinternallyforplanning,evaluating,analyzing,andcontrollingbusinessdecisionsandoperations.a.b.c.d.InternalauditingFinancialaccountingManagerialaccountingForensicaccountingac

Task-drivenPracticeTaskThree:ReadingComprehensionThefollowingquestionsarebasedonReadingOne.Gooverthequestionsfirst.Thenfastreadthepassageandmaketherightchoices.3Externalusersofaccountinginformationincludea.b.c.d.ShareholdersCustomersCreditorsAlloftheabove4Theprimaryobjectiveoffinancialaccountingisa.b.c.d.TohelpcompanykeeptrackoffinancingactivitiesToprovidefinancialstatementstohelpusersanalyzeacompany'sactivitiesTohelpacompanydefineitsideas,goals,andactionsTohelpacompanykeeptrackofitsbuyingandsellingofresourcesdb

Task-drivenPracticeTaskThree:ReadingComprehensionThefollowingquestionsarebasedonReadingOne.Gooverthequestionsfirst.Thenfastreadthepassageandmaketherightchoices.5Thenon-governmentgroupthatoverseesexternalfinancialreportingstandardsisa.b.c.d.FinancialAccountingStandardsBoardFederalBureauofInvestigationGeneralAccountingOfficeInternalRevenueServicea

Task-drivenPracticeTaskFour:Mini-presentationsBrainstormwithyourpartnersonWhatisYourUnderstandingofFinancialAccounting.Makealistofyourideasandpresentyourspeechonthistopicinaconciseandlogicalmanner.Rememberyourspeechwillanswerthefollowingquestions:(1)Howdoyoudefinefinancialaccounting?(2)Whatisthefunctionoffinancialaccounting?(3)Whatprinciplesisfinancialaccountingbasedon?(4)Whatisthedistinctionbetweenfinancialaccountingandmanagerialaccounting?(5)Howcanyoubecomeafinancialaccountant?

Task-drivenPracticeTaskFive:SummarizingWorkwithyourpartnersoralonetocompletethefollowingsummarybytranslatingtheChinesedefinitionsintoEnglish.（1）_________________（财务会计）isaspecialized（2）_________（分支）ofaccountingthatkeepstrackofacompany'sfinancialtransactions.Usingstandardizedguidelines,thetransactionsarerecorded,summarized,andpresentedina（3）_________________（财物报告）orfinancialstatementsuchasanincomestatementorabalancesheet.Companiesissuefinancialstatementsonaroutineschedule.Thestatementsareconsidered（4）_________（外部的）becausetheyaregiventopeopleoutsideofthecompany,withtheprimaryrecipientsbeing（5）_________（股东）,aswellascertainlenders.Ifacorporation'sstockispubliclytraded,however,itsfinancialstatements(andotherfinancialreportings)tendtobewidelycirculated,andinformationwilllikelyreachsecondaryrecipientssuchascompetitors,customers,employees,labororganizations,andinvestmentanalysts.Financialaccounting

branchfinancialreportexternalstakeholders

Task-drivenPracticeTaskFive:SummarizingWorkwithyourpartnersoralonetocompletethefollowingsummarybytranslatingtheChinesedefinitionsintoEnglish.It'simportanttopointoutthatthepurposeoffinancialaccountingisnottoreportthe（6）_________（价值）ofacompany.Rather,itspurposeistoprovideenough（7）_________（信息）forotherstoassessthevalueofacompanyforthemselves.Becauseexternalfinancialstatementsareusedbyavarietyofpeopleinavarietyofways,financialaccountinghascommonrulesknownasaccountingstandardsandas（8）________________________________________（公认会计原则）.IntheU.S.,（9）________________________________________（财务会计准则委员会）istheorganizationthatdevelopstheaccountingstandardsandprinciples.Corporationswhosestockispubliclytradedmustalsocomplywiththereportingrequirementsof（10）________________________________________（证券交易委员会）,anagencyoftheU.S.government.valueinformationGenerallyAcceptedAccountingPrinciplesFinancialAccountingStandardsBoardSecuritiesandExchangeCommission

ReadingTwo&WritingExerciseOneRearrangethefollowingwordsandphrasestoformcoherentsentences.(1)inbusinesses/Fourbasicassumptions/thefinancialaccountingstructure/form/thebasisfor(2)that/thecompanyexistsasanentity/recognizes/separatefromitsowners/TheseparateentityassumptionFourbasicassumptionsformthebasisforthefinancialaccountingstructureinbusinesses.Theseparateentityassumptionrecognizesthatthecompanyexistsasanentityseparatefromitsowners.

ReadingTwo&WritingExerciseOneRearrangethefollowingwordsandphrasestoformcoherentsentences.(3)thecompany/existindefinitely/takesthepositionthat/Thegoingconcernassumption/willcontinueto(4)Oncethecompanyforms/canassumethat/thecompany/financialstatementusers/willcontinuetoexist(5)andannually/create/quarterly/financialstatements/MostcompaniesThegoingconcernassumptiontakesthepositionthatthecompanywillcontinuetoexistindefinitely.Oncethecompanyforms,financialstatementuserscanassumethatthecompanywillcontinuetoexist.Mostcompaniescreatefinancialstatementsquarterlyandannually.

ReadingTwo&WritingExerciseTwoRearrangethefollowingsentencesinlogicalordertoformacoherentpassageonMonetaryUnitAssumption.(1)Theassumptionfailscompletelyifanentityrecordstransactionsinthecurrencyofahyperinflationaryeconomy.(2)Themonetaryunitprinciplealsoassumesthatthevalueoftheunitofcurrencyinwhichyourecordtransactionsremainsrelativelystableovertime.(3)Themonetaryunitprinciplestatesthatyouonlyrecordtransactionsthatcanbeexpressedintermsofacurrency.(4)Forexample,adollarinvestedtobuyanasset20yearsagoisworthconsiderablymorethanadollarinvestedtoday,becausethepurchasingpowerofthedollarhasdeclinedduringtheinterveningyears.(5)However,giventheamountofpersistentcurrencyinflationinmosteconomies,thisassumptionisnotcorrect.(6)Thus,youcannotrecordsuchnon-quantifiableitemsasemployeeskilllevels,thequalityofcustomerservice,ortheingenuityoftheengineeringstaff.Thecorrectorder:()--()--()--()--()--()123456

ReadingTwo&WritingExerciseThreeWriteanessaywithin200wordstoexpressyourunderstandingofthe4basicaccountingassumptions.BackgroundAccountantsusearangeofunderlyingconceptsdesignedtoensureconsistencywhenpreparingcompanyaccounts.Theseincludeprinciplesastohowaccountantsshouldtreattherelevantfinancialdataandconventionsastohowtheyshoulddealwithspecificissuesthatmayarise.Buttheseareunderpinnedbyfourbasicassumptions,whichareeffectivelythefundamentalbasisofanysetofaccounts.

ReadingTwo&WritingExerciseThreeWriteanessaywithin200wordstoexpressyourunderstandingofthe4basicaccountingassumptions.Thefourmainassumptionsaccountantsuseare:Acompanyisanentirelyseparateentity;acompanyisagoingconcern;acompany'sassetsandliabilitiesarevaluedinaconsistentunitofcurrency;andacompany'slifespancanbesplitintoequalaccountingperiods.Thefirstunderlyingassumptionisthefactthatthebusinessinquestionisaseparatelegalentityfromitsowners.Thesecondassumptionisthefactthatthebusinesswillcontinuetosurviveandoperateintotheforeseeablefuture.Thisallowsaccountantstousetechniquessuchasdepreciation,whichspreadscostsovermultiplefutureperiods.Thestablemonetaryunitassumptionassumesthatthecompanywillhavethebenefitofastablemonetaryunit.Thisisoneofthoseeconomicassumptionsthatisnevercompletelytrueintherealworld.Currencyvaluesshiftcontinuallyinbothdevelopedanddevelopingnations,butthisassumptionsimplifiesthevaluationofassets.Thefinalassumptionisthefactthatfinancialinformationwillbepreparedandreportedonaregularbasisinthefuture.Thisassumptionisliterallytrueforallpubliclytradedcorporations,aswellasawiderangeofprivatebusinesses.ClickToEditTitleStyle

UNIT2WhyIsDouble-entryUsed?TeachingObjectives

definedouble-entrybookkeepingsystemquotetheaccountingequationapplytherulesofdebitandcredittodifferenttypesofaccountsTeachingContents

FocusontheTopic1VocabularyStudy2ReadingOne3Task-drivenPractice4ReadingTwo&Writing5PairWork:Discussthefollowingquestionswithyourpartner.1.Whatisadouble-entrybookkeepingsystem?2.Whatisthebasicaccountingequation?3.Howdotherulesofdebitandcreditinfluencedifferenttypesofaccounts?

FocusontheTopic

PartIIVocabularyStudyExerciseOne ThefollowingwordsandphrasesarefromReadingOne.Fillintheblankswiththemandchangetheformswherenecessary.impactguaranteeregardlessofforthepurposeofbetracedbacktcorrespondingpreservederivefromamounttoinrespectto1Thefriendlyintercoursebetweenourtwocountriescan__________________________lastcentury.2Youneedtofullyunderstandhowthesedifferences_______________yourhealth.3Negotiatingistheprocessofcommunicatingbackandforth______________________reachinganagreement.4Profitshaverisenby15percentcomparedwiththe_______________periodlastyear.5______________________yourrequest,2000dollarsisbeingcreditedtoyouraccount.betracedbacktoimpactforthepurposeofcorrespondingInrespectto

PartIIVocabularyStudyExerciseOne ThefollowingwordsandphrasesarefromReadingOne.Fillintheblankswiththemandchangetheformswherenecessary.impactguaranteeregardlessofforthepurposeofbetracedbacktcorrespondingpreservederivefromamounttoinrespectto6Careersuccessisno__________________ofhappiness.7By2014theincreaseinloanscould___________________additional17billiondollars.8Thecountryisfightingto____________________itsterritorialintegrity.9___________________whetherheisrightorwrong,wehavetoabidebyhisdecisions.10Thesestories__________________hisexperiencesduringtheLongMarch.guaranteeamounttopreserveRegardlessofderivefrom

PartIIVocabularyStudyExerciseTwoThefollowingaccountingterminologiesarefromReadingOne.MatchthemwiththeirChineseequivalents.1double-entrybookkeepinga□借方2generalledgerb□资产账户3debitc□总分类账4creditd□费用账户5accountingentrye□负债账户6assetsaccountf□复式记账7capitalaccountg□贷方8liabilitiesaccounth□收入账户9revenuesaccounti□资本账户10expensesaccountj□会计分录123456789XReadforMainIdeasReadthepassagecarefullyandfindanswerstothefollowingquestions.

ReadingOne(1)Whatisadouble-entrybookkeepingsystem?Adouble-entrybookkeepingsystemisasetofrulesforrecordingfinancialinformationinafinancialaccountingsysteminwhicheverytransactionoreventchangesatleasttwodifferentaccounts.ReadforMainIdeasReadthepassagecarefullyandfindanswerstothefollowingquestions.

ReadingOne(2)Whatistheuseoftheaccountingequationinthedouble-entrybookkeepingsystem?Theaccountingequationisastatementofequalitybetweenthedebitsandthecredits.Itservesasanerrordetectiontool.Ifatanypointthesumofdebitsforallaccountsdoesnotequalthecorrespondingsumofcreditsforallaccounts,anerrorhasoccurred.Itfollowsthatthesumofdebitsandthesumofthecreditsmustbeequalinvalue.ReadforMainIdeasReadthepassagecarefullyandfindanswerstothefollowingquestions.

ReadingOne(3)Howdotherulesofdebitandcreditimpactthevariouscategoriesofaccounts?Therulesmaybesummarizedasbelow:•AssetsAccounts:debitincreasesinassetsandcreditdecreasesinassets•CapitalAccount:creditincreasesincapitalanddebitdecreasesincapital•LiabilitiesAccounts:creditincreasesinliabilitiesanddebitdecreasesinliabilities•RevenuesorIncomesAccounts:creditincreasesinincomesandgainsanddebitdecreasesinincomesandgains•ExpensesorLossesAccounts:debitincreasesinexpensesandlossesandcreditdecreasesinexpensesandlossesReadforDetailsReadthepassagequicklyanddecidewhetherthestatementistrueorfalse.

ReadingOneTrueFalse(1)Thedouble-entryrulescanbehelpfulwhenweneedtofindamistakeinfinancialrecords.□□(2)Thedouble-entrysystemcanensurecompleteaccuracy.□□(3)Debitentriesincreaseassetaccounts,anddecreaseliabilityandequityaccounts.□□(4)Creditentriesincreaseliabilityandequityaccounts,anddecreaseassetaccounts.□□(5)Creditincreasesinexpensesaccountsanddecreasesinrevenuesaccounts.□□■■■■■

Task-drivenPracticeTaskOne:E-CtranslationTranslatethefollowingsentencesfromEnglishtoChinese.(1)Adouble-entrybookkeepingsystemisasetofrulesforrecordingfinancialinformationinafinancialaccountingsysteminwhicheverytransactionoreventchangesatleasttwodifferentaccounts.(2)Thenamederivesfromthefactthatfinancialinformationusedtoberecordedusingpenandinkinpaperbooksor"ledgers"andthateachtransactionwasenteredtwice(hence"double-entry"),withonesideofthetransactionbeingcalledadebitandtheotheracredit.复式记账法是指对每一笔经济业务都要同时在两个或两个以上相互联系的账户中进行登记的记账方法。由于记账需要使用钢笔和墨水在账簿中登记，并且每笔交易需要登记两遍，分别计入借方和贷方，复式记账因此得名。

Task-drivenPracticeTaskOne:E-CtranslationTranslatethefollowingsentencesfromEnglishtoChinese.(3)Indecidingwhichaccounthastobedebitedandwhichaccounthastobecredited,thegoldenrulesofaccountingareused.(4)Ifatanypointthesumofdebitsforallaccountsdoesnotequalthecorrespondingsumofcreditsforallaccounts,anerrorhasoccurred.在决定哪些账户必须记入借方,哪些账户必须记入贷方时，应遵循会计的黄金法则。一旦全部账户的借方总额与相应的全部账户的贷方总额不等,即记账发生错误。

Task-drivenPracticeTaskOne:E-CtranslationTranslatethefollowingsentencesfromEnglishtoChinese.(5)AssetsAccounts:debitincreasesinassetsandcreditdecreasesinassets;CapitalAccount:creditincreasesincapitalanddebitdecreasesincapital;LiabilitiesAccounts:creditincreasesinliabilitiesanddebitdecreasesinliabilities;RevenuesorIncomesAccounts:creditincreasesinincomesandgainsanddebitdecreasesinincomesandgains;ExpensesorLossesAccounts:debitincreasesinexpensesandlossesandcreditdecreasesinexpensesandlosses.资产类账户的结构是：增加数记入账户的借方，减少数记入账户的贷方；负债及所有者权益类账户的结构是：增加数记入账户的贷方，减少数记入账户的借方；收入类账户的结构是：增加数记入账户的贷方，减少数记入账户的借方；成本费用类账户的结构是：增加数记入账户的借方，减少数记入账户的贷方。

Task-drivenPracticeTaskTwo:C-EtranslationTranslatethefollowingsentencesfromChinesetoEnglish.(1)会计等式的作用是检查会计数据的错漏。(2)它是在15世纪由方济会修士卢卡·帕西奥利最早制定的。(3)由此可见，借方的总金额必须与贷方的总金额相等。Theaccountingequationservesasanerrordetectiontool.Itwasfirstcodifiedinthe15thcenturybytheFranciscanfriarLucaPacioli.Itfollowsthatthesumofdebitsandthesumofthecreditsmustbeequalinvalue.

Task-drivenPracticeTaskTwo:C-EtranslationTranslatethefollowingsentencesfromChinesetoEnglish.(4)会计等式反映了借方和贷方之间的平衡关系。(5)一方账户金额的增加或减少会引起另一方账户金额的等额减少或增加。Theaccountingequationisastatementofequalitybetweenthedebitsandthecredits.Ifthereisanincreaseordecreaseinoneaccount,therewillbeequaldecreaseorincreaseinanotheraccount.

Task-drivenPracticeTaskThree:ReadingComprehensionThefollowingchartisbasedontherulesofdebitandcreditexplainedinReadingOne.Goovertherulesfirst.Thenfillinthebracketswith“increases”or“decreases”correspondingly.AllAssetAccounts

AllLiabilityAccounts

Dr.()Cr.()=

Dr.()Cr.()+CapitalAccounts

Dr.()Cr.()

AllExpenseAccounts

AllRevenueAccounts

Dr.()Cr.()

Dr.()Cr.()IncreasesDecreasesIncreasesIncreasesIncreasesIncreasesDecreasesDecreasesDecreasesDecreases

Task-drivenPracticeTaskFour:Mini-presentationsBrainstormwithyourpartnersonWhatisYourUnderstandingofDouble-entryBookkeepingSystem.Makealistofyourideasandpresentyourspeechonthistopicinaconciseandlogicalmanner.Rememberyourspeechwillanswerthefollowingquestions:(1)Howdoyoudefinedouble-entrybookkeepingsystem?(2)Whatistherelationshipbetweendouble-entrysystemandaccountingequation?(3)Howdoesdouble-entrysystemfunctionasanerrordetector?(4)Whyisn’tdouble-entrysystemalwaysaguaranteeofnoerror?(5)Whataretheeffectsofdebitsandcreditsonaccounts?

Task-drivenPracticeTaskFive:SummarizingWorkwithyourpartnersoralonetocompletethefollowingsummarybytranslatingtheChinesedefinitionsintoEnglish.A（1）_____________________________（复式记账法）isasetofrulesforrecordingfinancialinformationinafinancialaccountingsysteminwhichevery（2）_____________（交易）oreventchangesatleasttwodifferentaccounts.Itwasfirstcodifiedinthe15thcentury.Inmodernaccountingthisisdoneusing（3）_______（借方）and（4）_______（贷方）withinthe（5）__________________（会计等式）:Equity=Assets-Liabilities.Theaccountingequationservesasakindof（6）__________________________（错误检测）system:ifatanypointthesumofdebitsdoesnotequalthe（7）___________（相应的）sumofcredits,anerrorhas（8）___________（发生）.Sinceseveraldifferenttypesoferrors（9）____________________（导致）equalsumsfordebitsandcredits,double-entryaccountingisnota（10）__________________（保证）thatnoerrorshavebeenmade.double-entrybookkeepingsystemtransactiondebitscreditsaccountingequationerror-detectioncorrespondingoccurredresultinguarantee

Task-drivenPracticeTaskFive:SummarizingWorkwithyourpartnersoralonetocompletethefollowingsummarybytranslatingtheChinesedefinitionsintoEnglish.Herearetherulesusedfoquickreferencewhenrecordingtransactionsindoubleentryaccounting:Assets•Debitforincreases,recordontheleft•Creditfordecreases,recordontherightLiabilities•Debitfordecreases,recordontheleft•Creditforincreases,recordontherightOwner'sEquity•Debitfordecreases,recordontheleft•Creditforincreases,recordontherightRevenues•Debitfordecreases,recordontheleft•Creditforincreases,recordontherightExpenses•Debitforincreases,recordontheleft•Creditfordecreases,recordontheright

ReadingTwo&WritingExerciseOneRearrangethefollowingwordsandphrasestoformcoherentsentences.(1)intheledger/thetotalofallcreditentries/Thetotalofalldebitentries/equal/should(2)with/thetotalofalldebitbalances/thetotalofallcreditbalances/compares/ThetrialbalanceThetotalofalldebitentriesintheledgershouldequalthetotalofallcreditentries.Thetrialbalancecomparesthetotalofalldebitbalanceswiththetotalofallcreditbalances.

ReadingTwo&WritingExerciseOneRearrangethefollowingwordsandphrasestoformcoherentsentences.(3)If…agree,/is/thetrialbalance/thetotals/inbalance(4)provides/of/Thetrialbalance/arithmeticproof/