中山大学会计学基础(第三版)英文课件Lesson03-en.pptxVIP

中山大学会计学基础(第三版)英文课件Lesson03-en.pptx

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Lesson3

AnalyzingandRecordingTransactionsTaskteamofFundamentalAccountingSchoolofBusiness,SunYat-senUniversity

OutlineAccountsDetailedDescriptionofVariousAccountsT-AccountsRulesofDebitsandCreditsDouble-entryAccountingIllustratedApplicationofRules2

OpeningStoryDoyouhaveanyideaabouthowyourparentskeepan“account”ofhowmuchthefamilyspends?Whatagoodfamilyaccountant!3

OpeningStoryAglobaldemandforaccountants–wherecanthe“BigFour”findaccountantswithtalentandvirtues?Mr.Land,EYBritishpresident(indirectquote)Intherecent18months,theshortageofaccountingtalentshasbeenscarcelysatisfied.Themostvaluableinthe21stcenturyisaccountantstospecialaccountingfirmslikeus.(2005-7-21)4

TheAccount5Accounting’smainsummarydeviceistheaccount,therecordofchanges.Assets=Liabilities+StockholdersEquityAccountsaregroupedin3broadcategories,accordingtotheaccountingequation:

TheAssetsAccount6AssetsaretheeconomicresourcesthatbenefitthebusinessnowandinthefutureCashAccountsreceivableInventoryNotesreceivablePrepaidexpensesSuppliesPropertiesBuildingsEquipment

TheLiabilitiesAccount7Liabilitiesarethedebtsofthecompany.NotespayableAccountspayableAccruedliabilities(forexpensesincurredbutnotpaid)Long-termliabilities(bonds)

TheEquityAccount8Stockholders’(owners’)equityistheowners’claimstotheassetsofacorporation.Aproprietorshipusesasingleaccount.Apartnershipusesseparateaccountsforeachowner’scapitalbalanceandwithdrawals.Acorporationusesseparatecapitalaccountsforeachsourceofcapital.

DetailsofEquityAccount9CommonStockRetainedEarningsDividendsRevenuesExpenses

TheT-Account10AccountTitleDebitLEFTSIDERIGHTSIDECredit

IncreasesandDecreases

intheAccounts11AccountingEquation:Assets=Liabilities+Stockholders’EquityRulesofDebitandCredit:Debit+Debit–Debit–Credit–Credit+Credit+

RulesofDebitandCredit12AirSeareceived$50

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