大学会计英语课件陈庆柏 主编978 7 81134 917 7unit 2.pptVIP

陈庆柏 王景仙 主编 Unit Two  Basis and Necessities ofFinancial Accounting Warming-up Questions Is accounting necessary? Why is this? Suggested Answers Is accounting necessary? Yes. Why is this? It’s highly necessary because outsiders like government agencies, banks etc. need it. Besides, managers, stockholder, investors and other interest groups also need accounting information. Notes 1. Financial Accounting Board (FASB) （美）财务会计委员会 2. self-regulatory body 自我管理的组织 3. gauge vt. 测定 = to measure (In AmE, gauge is often spelt “gage”) 4. internal n. 内部的（与external“外部的”相对） 5. accounting basis 会计基础 6. accrual basis(system) 权责应计制（也译为“权责发生制”） 7. cash basis(system) 收付实现制（也译为“现金制”） 8. modified cash basis 修正的现金收付制 9. disburse vt. 支付 = to pay 10. deficiency n. 不足之处 11. match efforts and accomplishment 将努力与成绩相比较（文中指将支出与收入作比较） Notes 12. economic performance 经济成就；经济成效 13.?accounts receivable 应收帐款 = amounts due to the firm from customers who have purchased the goods or services on credit, a form of current asset 14. accounts payable 应付帐款 = amounts that are due to vendors or suppliers and must be paid within a year 15. capitalize vt. 资本化 = a financial strategy that determines what types of stock will be used to fund a firm’s operations 16. amortize vt. 摊销 = make possible regular paying-off of all bonds due to be redeemed plus the payment of all the interest due on bonds still outstanding 2.1 Definition of Financial Accounting It refers to the field of accounting that develops information for external decision makers such as stockholders, suppliers, banks, and government regulatory agencies. 2.2 Financial Accounting Standards Board (FASB) It is an American independent accounting organization formed in 1973, responsible for creating “generally accepted accounting principles”. Now it consists of seven full-time members. FASB is also a self-regulatory body whose impact is on accounting firms and practitioners. 2.3 The Need for Financial Accounting All kinds