| 标题 | 职场商务:会计英语第三讲 |
| 内容 | Distinguish accrual basis accounting from cash-basis accounting. In accrual-basis accounting， business events are recorded as they affect the entity. In cash-basis accounting， only those events that affect cash are recorded. The cash basis omits important events such as purchases and sales of assets on account. It also distorts the financial statements by labeling as expenses those cash payments that have long-term effects， such as the purchases of buildings and equipment. Some small organizations， use cash-basis accounting， but the generally accepted method is the accrual basis. Apply the revenue and matching principles. Businesses divide time into definite periods——such as a month， a quarter， and a year——to report the entity's financial statements. The year is the basic accounting period， but companies prepare financial statements as often as they need the in- formation. Accountants have developed the revenue principle to determine when to record revenue and the amount of revenue to record. The matching principle guides the accounting for expenses. Make adjusting entries at the end of the accounting period. Adjusting entries are a result of the accrual basis of accounting. These entries， made at the end of the period， update the accounts for preparation of the financial statements. One of the most important pieces of business information is net income or net loss， and the adjusting entries help to measure the net income of the period. Adjusting entries can be divided into five categories： prepaid expenses， depreciation， accrued expenses， accrued revenues， and unearned revenues. Prepare an adjusted trial balance. To prepare the adjusted trial balance， enter the adjusting entries .next to the unadjusted trial balance and compute each account's balance. Prepare the financial statements from the adjusted trial balance .The adjusted trial balance can be used to prepare the financial statements. The there financial statements are related as follows： Income， shown on the income statement， increases the owner's capital， which also appears on the statement of owner' s equity. The ending balance of capital is the last amount reported on the balance sheet. New Words accrual n. 自然增长，自然增长额 accrual-basis accounting 权责发生制 cash-basis accounting 现金收付制 omit vt. 省略，删 distort vt. 曲解 label vt. 把……列为 definite adj. 明确的，确切的 accounting period 结算期 revenue principle 收益原则 matching principle 配比原则 adjusting entries 调整分录 update vt . 使现代化 net income 纯收入 prepaid expenses 待摊费用 depreciation n.贬值 accrued expense 应计费用 accrued revenues 应计收入 unaccrued revenues 未实现收入 adjusted trial balance 经调整过的试算表 unadjusted trial balance 未经调整过的试算表 |
| 随便看 |
|
在线学习网考试资料包含高考、自考、专升本考试、人事考试、公务员考试、大学生村官考试、特岗教师招聘考试、事业单位招聘考试、企业人才招聘、银行招聘、教师招聘、农村信用社招聘、各类资格证书考试等各类考试资料。