会计英语1省公共课一等奖全国赛课获奖课件.pptx

WELCOME!Haventseenyouforsometime!第1页辽宁对外经贸学院外语系李海红会计英语ACCOUNTING第2页UNITONEFinancialPositionandAccountingEquationFinancialposition:economicresourcesbelongingtoacompanyandtheclaims(equities)againstthoseresourcesatapointintime.Economicresources=equitiesEconomicresources=creditorsequity+ownersequityAccountingequation:assets=liabilities+ownersequity第3页fourtypesoftransactionsthataffectownersequityOwners investmentsOwners equity revenuesOwners withdrawalsexpenses第4页Thefullformofaccountingequation:Assets=Liabilities+OwnersEquity+Revenue-Expenses第5页OwnersequityDefinition:theresidualinterestintheassetsofanentitythatremainsafterdeductingitsliabilities.Ownersequity=assetsliabilitiesOwnersequity=netassets第6页LiabilitiesDefinition:probablefuturesacrificesofeconomicbenefitsarisingfrompresentobligationsofaparticularentitytotransferassetsorprovideservicestootherentitiesinthefutureasaresultofpasttransactionsorevents.Kindsofliabilities:currentliabilitiesandlong-termliabilities第7页AssetsDefinition:probablefutureeconomicbenefitsobtainedorcontrolledbyaparticularentityasaresultofpasttransactionsorevents;economicresourcesownedbyabusinessthatareexpectedtobenefitfutureoperations.Kindsofassets:currentassets,fixedassetsandintangibleassets.第8页Economicresourcesarereferredtoasassetsandcreditorsequitiesarereferredtoasliabilities.第9页Equities:creditorsequityandownersequity第10页Currentassets:cash,accountsreceivable,inventories,Fixedassets:land,buildings,andequipmentIntangibleassets:patent,trademarkandbrandname,copyright,franchise第11页Currentliabilities:accountspayable,salariespayable,taxespayable,Long-termliabilities:bondspayable第12页CLASSROOMEXERCISESIndicatebelowwhethereachaccountisanassets(A),liabilities(L),orapartofownersequity(OE).CashSalariesPayableAccountsReceivableJohnson,Capital第13页LandAccountsPayableSupplies第14页Classroomexercises:1.Identifythefollowingtransactionsbytypeofownersequitytransactionbymarkingeachaseitheranownersinvestment(I),ownerswithdrawal(W),revenue(R),expense(E)ornotanownersequitytransaction(NOE).a.Receivedcashforprovidingaservice.b.Tookassetsoutofbusinessfromapersonalaccount.C.Receivedcashfromacustomerpreviouslybilledforaservice.d.Transferredassetstothebusinessfromapersonalaccout.第15页e.Paidservicestationforgasoline.f.Performedaserviceandreceivedapromiseofpayment.g.Paidcashtopurchaseequipment.h.Paidcashtoemployeeforservicesperformed.第16页Part2ILLUSTRATIVETRANSACTIONSTransactions1.Johnbeginshisbusinessbydepositing$50,000inabankaccountinthenameofShannonRealty.(investment)Assets=Liabilities+OwnersEquity1$50,000$50,000Bal.$50,000$50,000第17页l l2.John purchases a lot for$10,000 and a small building on the lot for$25,000 with cash.(purchase of assets with cash)lAssets=Liabilities+OwnersEquity$50,000$50,0002.+10,000(land)+25,000(building)-35,000(cash)Bal.$50,000$50,000第18页3.Johnbuyssomeofficesuppliesfor$500oncredit.(Purchaseofassetsbyincurringaliability)Assets=Liabilities+OwnersEquity$50,000$50,0003.+$500(supplies)+$500(accountspayable)Bal.$50,500$500$50,000第19页4.Johnpays$200ofthe$500owedforthesupplies.(paymentofaliabilities)Assets=Liabilities+OwnersEquity$50,500$500$50,000-$200(cash)-$200(accountspayable)Bal.$50,300$300$50,000第20页5.ShannonRealtysellsahouseandreceivesacommissionincashof$1,500.Assets=Liabilities+OwnersEquity$50,300$300$50,0005.+$1,500(cash)+$1,500(revenue)Bal.$51,800$300$51,500第21页6.Johnsellsahousecallingforacommissionof$2,000,butJohnagreestowaitforthepayment.(revenueoncredit)Assets=Liabilities+OwnersEquity$51,800$300$51,500$2,000(accountsreceivable)$2,000(revenue)Bal.53,800$300$53,500第22页7.AfewdayslaterShannonreceives$1,000fromtheclient.Assets=Liabilities+OwnersEquity$53,800$300$53,5007.+$1,000(cash)-$1,000(accountsreceivable)bal.$53,800$300$53,500第23页8.JohnShannonpays$1,000torentsomeequipmentfortheoffice.Assets=Liabilities+OwnersEquity$53,800$300$53,5008.-$1,000(cash)-$1,000(expense)bal.$52,800$300$52,500第24页9.Johnpays$400inwagestoapart-timehelper.(expense)Assets=Liabilities+OwnersEquity$52,800$300$52,5009.-$400(cash)-$400(expense)Bal.$52,400$300$52,100第25页10.Johnhasntpaidthebillofutilityexpenseof$300.Assets=Liabilities+OwnersEquity$52,400$300$52,10010.+$300(accountspayable)-$300(expense)Bal.$52,400$600$51,800第26页11.Johnwithdraws$600incashfromShannonRealtyanddepositsitinhispersonalaccount.Assets=Liabilities+OwnersEquity$52,400$600$51,80011.-$600(cash)-$600(capital)Ba.$51,800$600$51,200第27页ClassroomexercisesCharleneRudekfinishedlawschoolinJuneandimmediatelysetupherownlawpractice.Duringthefirstmonthofoperationshecompletedthefollowingtransactions:1.Beganthelawpracticebyplacing$2,000inabankaccountestablishedforthebusiness.2.Purchasedalawlibraryfor$900cash.3.Purchasedofficesuppliesfor$400oncredit.第28页4.Accepted$500incashforcompletingacontract.5.Billedclients$1,950forservicesrenderedduringthemonth.6.Paid$200oftheamountowedforofficesupplies.7.Received$1,250incashfromoneclientwhohadbeenpreviouslybilledforservicesrendered.8.Paidrentexpenseforthemonthintheamountof$1,200.9.Withdrew$400fromthepracticeforpersonaluse.第29页Onasheetofpaper,listthenumbers1through10,withcolumnsforAssets,Liabilities,andOwnersEquity.Inthecolumns,indicatewhethereachtransactioncausedanincrease(+),adecrease(-),ornochange(NC)inassets,liabilities,andownersequity.第30页DuringthemonthofApril,GrissomCo.hadthefollowingtransactions:1.PaidsalariesforApril,$1,800.2.Purchasedequipmentoncredit,$3000.3.Purchasedsupplieswithcash,$100.4.Additionalinvestmentbyowner,$4,000.第31页5.Paidforpartofequipmentpreviouslypurchasedoncredit,$1,000.6.Receivedpaymentforservicesperformed,$600.7.Billedcustomersforservicesperformed,$1,600.8.Withdrewcash,$1,500.第32页9.Receivedpaymentfromcustomersbilledpreviously,$300.10.Receivedutilitybill,$70.第33页Part3ProfessionalEthicsandAccountingProfession李海红第34页ProfessionalEthicsandtheAccountingProfessionRevisions:1.Accountingequation2.Useaccountingequationtoanalyzethetransactions.第35页AccountingProfessionEthicsManagementAccountingPublicAccountingGovernmentandotherNot-for-ProfitAccountingAccountingEducation第36页EthicsEthicsistheapplicationofacodeofconducttoeverydaylife.Itaddressesthequestionofwhetheractionsaregoodorbad,rightorwrong.Ethicsactionsaretheresultsofindividualdecisionsandyouarefacedwithmanyethicalsituationseveryday.第37页ManagementAccountinganaccountantwhoisemployedbyabusinessissaidtobeinmanagementaccounting.Asmallbusinessmayhaveonlyonepersondoingthiswork,thoughamedium-sizeorlargecompanymayhavehundredsofaccountantsworkingunderachiefaccountingofficercalledacontroller,treasurer,orfinancialvicepresident.第38页PublicAccountingthefieldofpublicaccountingoffersservicesinauditing,taxes,andmanagementconsultingtothepublicforafee.第39页GovernmentandOtherNot-for-ProfitAccountingAgenciesanddepartmentsatalllevelsofgovernmenthireaccountantstopreparereportsthatofficialscanresponsiblycarryouttheirduties.Not-for-Profitorganizationsarehospitals,colleges,universities,andfoundations.第40页AccountingEducationTrainingnewaccountantsisachallengingandrewardingcareer,andtodayinstructorsofaccountingareingreatdemand.inmanyschoolsholdingtheCPA,CMA,orCIAcertificatewillhelpandinstructortoadvanceprofessionally.第41页Part4Accounts李海红第42页Revisions1.Professionalethics2.Theclassificationoftheaccountingprofession第43页AccountsAssets:CashNotesReceivableAccountsReceivablePrepaidExpensesLandBuildingsEquipment第44页CashCashisthetitleoftheaccountusedtorecordincreasesanddecreasesincash.Cashconsistsofmoneyoranymediumofexchangethatabankwillacceptatfacevaluefordeposit.Cash:coins,currency,checks,postalandexpressmoneyorders,moneydepositedinabankorbanks,cashonhand.第45页NotesReceivableApromissorynoteisawrittenpromisetopayadefinitesumofmoneyatafixedfuturedate.AccountsduefromothersintheformofpromissorynotesarerecordedinanaccountcalledNotesReceivable.第46页AccountsReceivableAccountsReceivableisincurredbyCreditSales,orSalesonAccount.CreditsalesincreaseAccountsReceivable.第47页PrepaidExpensesPrepaidInsuranceOfficeSuppliesPrepaidRentStoreSuppliesPrepaidTaxes第48页LandLandaccountisusedtorecordpurchasesofpropertytobeusedintheordinaryoperationsofthebusiness.第49页BuildingsPurchaseofstructurestobeusedinthebusinessarerecordedinanaccountcalledBuildings.Althoughabuildingcannotbeseparatedfromthelanditoccupies,itisimportanttomaintainseparateaccountsforthelandandthebuildings.第50页EquipmentOfficeEquipment:desks,chairs,officemachines,filingcabinets,andtypewriters.StoreEquipment:cashregisterscounters,showcases,shelves,andsimilaritems.MachineryandEquipment:lathes,drillpressesandotherequipment.TrucksandAutomobiles.第51页Part6LiabilityandOwnersEquity李海红第52页RevisionsAssets:CashNotesReceivableAccountsReceivablePrepaidExpensesLandBuildingsEquipment第53页LiabilityNotesPayableAccountsPayableOtherShort-TermLiabilitiesLong-termLiabilities第54页OwnersEquityCapitalAccountWithdrawalsAccountRevenuesandExpense第55页NotesPayableNotesPayableistheoppositeofNotesReceivable.Itisusedtorecordincreasesanddecreasesinpromissorynoteamountsowedtocreditorswithinthenextyearoroperatingcycle.第56页AccountsPayableAccountsPayableistheoppositeofAccountsReceivable.ItcomesfromCreditPurchase.第57页OtherShort-TermLiabilityWagesPayableTaxesPayableRentPayableInterestPayableUnearnedFeesCustomerDepositUnearnedRevenue第58页CapitalAccountWhensomeoneinvestsinhisorherowncompany,theamountoftheinvestmentisrecordedinacapitalaccount.第59页WithdrawalAccountApersonwhoinvestsinabusinessusuallyexpectstoearnanincomeantouseatleastpartoftheassetsearnedfromprofitableoperationstopaypersonallivingexpenses.第60页RevenueandExpenseAccountsRevenuesincreaseownersequity,andexpensesdecreaseownersequity:CommissionsEarnedAdvertisingFeesEarnedWagesExpenseSuppliesExpenseRentExpenseAdvertisingExpense第61页T-AccountandDouble-EntrySystem李海红第62页RevisionsAssetsaccountsLiabilitiesaccountsOwnersEquityaccounts第63页TaccountandDouble-EntrySystemEvolutionofthedouble-entrysystemTheT-account第64页 辽宁对外经贸学院精品课（高职课）会计英语主讲人：李海红讲师第65页 DebitCreditforforDecreaseIncreaseAssets=Liabilities+OwnersEquityDebitCreditforforDecreaseIncreaseDebitCreditforforIncreaseDecrease?The accounting equation?The basic rules of T-account?Assets=Liabilities+OwnersEquity第66页JOURNALSandJOURNALIZINGJournals:generaljournal;special-purposejournalJournalizing:theprocessofrecordingtransactionsinajournal.H第67页ExamplesThefollowingtransactionsfortheJoanMillerAdvertisingAgencyhappenedinJanuary:January1.JoanMillerinvested$10,000tostartherownadvertisingagency.January2.Rentedanoffice,payingtwomonthsrent,$800.第68页January5.PurchasedofficeequipmentfromMorganEquipmentfor$3,000,paying$1,500incashandagreeingtopaytherestnextmonth.January6.Purchasedoncreditartsuppliesfor$1,800andofficesuppliesfor$800fromTaylorSupplyCompany.January19.PerformedaservicebyplacingseveralmajoradvertisementforWardDepartmentStores.Thefeeof$2,800isbillednowbutwillbecollectednextmonth.S第69页Recordthefollowingtransactionsinthegeneraljournal.January8.Paid$480foraone-yearinsurancepolicywithcoverageeffectiveJanuary1.January9.PaidTaylorSupplyCompany$1,000oftheamountowed.January10.Performedaservicebyplacingadvertisementsforanautomobiledealerinthenewspaperandcollectedafeeof$1,400.Homework第70页January12.Paidthesecretarytwoweekswages,$600.January15.Accepted$1,000asanadvancefeeforartworktobedoneforanotheragency.January25.JoanMillerwithdrew$1,400fromthebusinessforpersonallivingexpenses.第71页January26.Paidthesecretarytwomoreweekswages,$600.January29.Receivedandpaidtheutilitybillof$100.January30.Received(butdidnotpay)atelephonebill,$70.第72页GeneralJournalDateDescriptionPost.Ref.Debit Credit 111111311311Jan.Jan.1 1CashCash$10,000$10,000$10,000$10,000Joan Miller,CapitalJoan Miller,CapitalInvestment in businessInvestment in business第73页DateDescriptionPost.Ref.Debit Credit Jan.Jan.2 2Prepaid RentPrepaid RentCashCashPaid the office rentPaid the office rentin advancein advance117117111111$800$800$800$800第74页DateDescriptionPost.Ref.Debit Credit Jan.Jan.19 19 Accounts Receivable Accounts ReceivableAdvertisement Fees EarnedAdvertisement Fees EarnedRevenue earned,to beRevenue earned,to becollected later collected later 113113411411$4,200$4,200$4,200$4,200第75页DateDescriptionPost.Ref.Debit Credit Jan.Jan.5 5 Office EquipmentOffice EquipmentCashCash Accounts PayableAccounts PayablePartial payment of Partial payment of office equipment office equipment146146111111212212$3000$3000$1,500$1,500$1,500$1,500第76页DateDescriptionPost.Ref.Debit Credit Jan.Jan.6 6 Art Supplies Art Supplies Office Supplies Office Supplies Accounts PayableAccounts Payable Purchase of supplies Purchase of supplies on crediton credit115115116116212212$1,800$1,800$800$800$2,600$2,600第77页DateDescriptionPost.Ref.Debit Credit YearYearMonthMonth DayDayThe name of the The name of the accounts debited accounts debited andand creditedcreditedA brief explanation A brief explanation of the transactionsof the transactionsDebit Debit amountamountCredit Credit amountamount第78页Revisions1.Posting2.Ledgers第79页TheTrialBalanceTheequalityofdebitandcreditbalancesintheledgershouldbetestedperiodicallybypreparingatrialbalance.Thestepsinpreparingatrialbalancefollow:第80页1.Determinethebalanceofeachaccountintheledger.2.Listeachledgeraccountthathasabalance,withthedebitbalancesintheleftcolumnandthecreditbalancesintherightcolumn.Accountsarelistedintheordertheyappearintheledger.3.Addeachcolumn.4.Comparethetotalsofeachcolumn.第81页Joan Miller Advertising Agency Trial BalanceJanuary 31,Cash Accounts ReceivableArt SuppliesOffice SuppliesPrepaid RentPrepaid InsuranceArt EquipmentOffice Equipment$1,7202,8001,8008008004804,2003,000第82页Accounts PayableUnearned Art FeesJoan Miller,CapitalJoan Miller,WithdrawalAdvertising Fees EarnedOffice Wages ExpenseUtility ExpenseTelephone Expense1,4001,20010070$3,1701,00010,0004,200第83页TheMeasurementofBusinessIncomeNetIncomeNetincomeisthenetincreaseinownersequityresultingfromtheoperationsofthecompany.Netincome,initssimplestform,ismeasuredbythedifferencebetweenrevenuesandexpenses:Netincome=revenues-expenses第84页Revenues:inthesimplestcase,theyequalthepriceofgoodssoldandservicesrenderedduringperiodoftime.Expenses:expensesarethecostsofthegoodsandservicesusedupinthecourseofgainingrevenues.Oftencalledthecostofdoingbusiness,expensesincludethecostsofgoodssold,thecostsofactivitiesnecessarytocarryonthebusiness.第85页TheAdjustment1.Apportioningrecordedexpensesbetweentwoormoreaccountingperiods.(deferrals)PrepaidRentPrepaidInsuranceArtSuppliesandOfficeSuppliesDepreciationofPlantandEquipment第86页2.Apportioningrecordedrevenuesbetweentwoormoreaccountingperiods:Unearnedartfees第87页PrepaidRentRentExpense400PrepaidRent400第88页PrepaidInsuranceInsuranceExpense40PrepaidInsurance40第89页ArtSuppliesandOfficeSuppliesArtSuppliesExpense500ArtSupplies500OfficeSuppliesExpense200OfficeSupplies200第90页DepreciationofPlantandEquipmentDepreciationExpense,ArtEquipment70AccumulatedDepreciation,ArtEquipment70DepreciationExpense,OfficeEquipment50AccumulatedDepreciation,OfficeEquipment50第91页PracticeDuringthemonthofMay,GrissomAgencyhadthefollowingtransactions:1.PaidsalariesforApril,$1,800.2.Purchasedequipmentoncredit,$3000.3.Purchasedsupplieswithcash,$100.4.Additionalinvestmentbyowner,$4,000.5.Paid for part of equipment previouslypu