上海海事_外国会计选读04.pdf

ChapterChapterChapterChapter 4444 CompletingCompletingCompletingCompleting thethethethe AccountingAccountingAccountingAccounting CycleCycleCycleCycle ContentsContentsContentsContents 11. AccountingAccounting CycleCycle 2. Financial Statements 3. Adjusting and Closing Entries 4. Fiscal Year Accounting Cycle 会计循环 TheThe processprocess thatthat beginsbegins withwith analyzinganalyzing and journalizing transactions and ends withwith summarizingsummarizing andand reportingreporting thesethese transactions is called the accounting cycle. TheThe mostmost importantimportant outputoutput ofof thethe accounting cycle is the financial statementsstatements SevenSevenSevenSeven BasicBasicBasicBasic StepsStepsStepsSteps ofofofof thethethethe AccountinAccountingggg C Cyyyyclecle 1. Transactions are analyzed and recorded in the journal. 2. Transactions are posted to the ledger. 3. A trial balance is ppreppared,, adjjustment data are assembled, and an optional work sheet is completed. 44. FinancialFinancial statementsstatements areare preparedprepared. 5. Adjusting entries are journalized and posted. 66. ClClosiing entriies are jjournalilizedd andd postedd. 7. A post-closing trial balance is prepared. Classified Balance Sheet Classified Balance Sheet: A balance sheetsheet thatthat groupsgroups thethe accountsaccounts intointo subcategories to help readers quickly gaingain aa perspectiveperspective onon thethe companycompany’ss financial position Assets:Assets: groupedgrouped intointo currentcurrent assetsassets andand long-term assets  LiLiabilitibilities: groupedd iintto currentt liliabilitibilities and long-term liabilities Classification of Assets  CurrentCurrent AssetsAssets 流动资产流动资产:Cash:Cash plusplus assetsassets thatthat areare expected to be conve