财经专业英语教程教学课件作者童长清chapter1.ppt

Chapter 1 Accounting Lesson 1 An Introduction to Accounting Lesson 2 New Accounting Standards and Accounting Jobs Lesson 3 Double Entry Accounting and Accounting Documents Lesson 4 Account Books and Property Inspection Chapter 1 Accounting Lesson 5 Assets Lesson 6 Methods for Accounting Inventory Cost Lesson 7 Liabilities, Owners Equity, Revenues, Expenses and Profits Lesson 8 Depreciation and Depreciation Methods Chapter 1 Accounting Lesson 9 Balance Sheets and Income Statements Lessonl0 Statements of Cash Flows and Statements of Changes in Owners‘ Equity Lesson 1 An Introduction to Accounting Accounting is the backbone of modern business. The information collected through a series of accounting procedures and approaches can provide reliable financial messages for decision makers in the business world. Financial accounting and managerial accounting are two major specialized fields in accounting. Financial accounting aims to satisfy the needs of the interest-related users (external users) in the form of financial reports which reveal the information on financial position and operating results of a business. The external users concerned are managers, stockholders, creditors, banks, government agencies and the public, etc. Lesson 1 An Introduction to Accounting Managerial accounting is intended to provide useful financial information for internal users to assist them in making decisions related to operating a business, such as decisions involved in budgeting, planning, controlling, examining and evaluating. In one word, both financial accounting and managerial accounting are supposed to present useful financial information for users. Accounting Elements and Accounting Equation Enterprise accounting deals with the funds movement within a specific enterprise. Accounting elements are basic classification of such accounting practices. There are six main elements, namely, assets, liabilities, owners