會計(jì)英語課件.ppt

1、WELCOME!,Havent seen you for some time!,羅定市中等職業(yè)技術(shù)學(xué)校 李金梅,會計(jì)英語 Accounting English,Why do we learn Accounting English? What are the learning objectives of Accounting English? Is Accounting English difficult?,Suggestions for study,Previewing the text is very important. An English Chinese Dictionary of A

2、ccounting，英漢雙解財(cái)會詞典,UNIT 1,An Introduction to Accounting,Learning Objectives,Explain the definition of accounting; Understand the basic function of accounting; As certain the users of accounting information and know why they need the information; Understand the types of accounting information; Have a

3、 general idea of the professional fields of accounting and their duties. Learn the accounting terms in this chapter and use them in the translation task.,Account 賬戶 asset account 資產(chǎn)賬戶 Accounting 會計(jì)（學(xué)）I majored in accounting. Accountancy 會計(jì)工作、會計(jì)學(xué) Accountant 會計(jì)師 I want to be an accountant. Bean Counte

4、r 數(shù)豆子的人 Different expressions about “ 企業(yè)” in English Business Enterprise Firm Company Corporation,Read Part I and answer the following questions:1.Accounting is a special _ of business.2.What is the purpose of accounting?3. Who are the accounting users?（使用者) 4.What are three basic accounting element

5、s?,Step One Lead in the new lesson,1、What is Accounting?,Accounting is a special _ of business.,language,會計(jì)是一種特殊的商業(yè)用語。,The purpose of accounting is to provide useful information for different users in order to make their decisions.(作出決定）,provide sth for sb.為某人提供某物 Eg. Our school often provides delic

6、ious food for us .,in order to 目的/為了 Eg. We study hard in order to make a contribution to the society,2、What is the purpose of the accounting?,3、Users of Accounting Information(會計(jì)信息的使用者）,Owners 業(yè)主,managers經(jīng)理 ,creditors 債權(quán)人, governments agencies 政府機(jī)構(gòu),customers , 顧客labor unions工會, and competitors對手,Re

7、venue 收入 Expenses 費(fèi)用 Profits 利潤,Assets 資產(chǎn) Liabilities 負(fù)債 Owners equity 業(yè)主權(quán)益/所有者權(quán)益,4、Three basic accounting elements （會計(jì)的三個(gè)基本要素 ）,They exist in every business entity.,4、Three basic accounting elements （會計(jì)的三個(gè)基本要素 ）,5、Accounting equation,資產(chǎn) = 負(fù)債 + 所有者權(quán)益,equal,plus,minus,=,Assets,Liabilities,Owners equi

8、ty,+,Assets - Liabilities = Owners equity,Net assets = Owners equity,=,+,-,1、Express 表示 2、Equity are divided into liabilities and owners equity.,divide into 把.分成. eg: We will divide the students into three groups.,3、the third can be calculate (compute ) . 計(jì)算出來,6、Useful expressions,4. Under the busin

9、ess entity principle 在企業(yè)實(shí)體原則下,5、the accounting elements are affected （相互影響）by each other .,6、The accounting equation must be in balance.(平衡）,7、Read the phrases and text,8. Do some exercises: C to E or E to C asset _ liability _ equity _ special language _ useful information_ make decision_ accountin

10、g element _,資產(chǎn),權(quán)益,特別的言語,會計(jì)要素,有用的信息,作出決策,負(fù)債,2. Complete the following sentences.,1)Accounting is a _ _ of business. 2) The purpose of accounting is to provide _ to make _. 3) There are three basic accounting elements :_ _ and _. 4)At all times, the accounting equation must be in _. 5)Equities are div

11、ided into _ and _.,special language,useful information,decisions,assets liabilities,owners equity,balance,liabilities owners equity,Step 4、Sum up:,1、The accounting purpose and elements.,2、Users of Accounting Information.,1. Finish B. Reading Part 1 EX.1 and 2 2. Read the text by heart,Step 5、Homewor

12、k:,UNIT ONE Financial Position and Accounting Equation,Financial position: economic resources belonging to a company and the claims (equities) against those resources at a point in time. Economic resources = equities Economic resources =creditors equity + owners equity Accounting equation: assets =

13、liabilities + owners equity,four types of transactions that affect owners equity,Owners investments,Owners equity,revenues,Owners withdrawals,expenses,Part 2,Accounting Process,Step 1 Review,1.Who are the accounting users? 2.Whats the purpose of accounting ? 3.What are the basic accounting elements?

14、,The full form of accounting equation: Assets=Liabilities + Owners Equity + Revenue - Expenses,Owners equity,Definition: the residual interest in the assets of an entity that remains after deducting its liabilities. Owners equity = assets liabilities Owners equity = net assets,Liabilities,Definition

15、: probable future sacrifices of economic benefits arising from present obligations of a particular entity to transfer assets or provide services to other entities in the future as a result of past transactions or events. Kinds of liabilities: current liabilities and long-term liabilities,Assets,Defi

16、nition : probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events; economic resources owned by a business that are expected to benefit future operations. Kinds of assets:current assets, fixed assets and intangible assets.,Economic res

17、ources are referred to as assets and creditors equities are referred to as liabilities.,Equities: creditors equity and owners equity,Current assets: cash, accounts receivable, inventories, Fixed assets: land, buildings,and equipment Intangible assets: patent, trademark and brand name, copyright, fra

18、nchise,Current liabilities(流動負(fù)債）: accounts payable應(yīng)付賬款, salaries payable應(yīng)付薪金, taxes payable應(yīng)付稅金, Long-term liabilities長期負(fù)債: bonds payable應(yīng)付債,CLASSROOM EXERCISES,Indicate below whether each account is an assets (A), liabilities (L), or a part of owners equity (OE). Cash （ ） Salaries Payable（ ） Accoun

19、ts Receivable（ ） Johnson, Capital Land（ ） Accounts Payable（ ） Supplies（ ） Land（ ） Supplies（ ）,OE,A,A,A,A,L,L,A,OE,A,A,A,A,L,L,A,Classroom exercises: 1. Identify the following transactions by type of owners equity transaction by marking each as either an owners investment (I), owners withdrawal (W),

20、revenue (R), expense (E) or not an owners equity transaction (NOE). a. Received cash for providing a service. ( ), b. Took assets out of business from a personal account. ( ), C. Received cash from a customer previously billed for a service. ( ) d. Transferred assets to the business from a personal

21、account. ( ),e. Paid service station for gasoline. f. Performed a service and received a promise of payment. g. Paid cash to purchase equipment. h. Paid cash to employee for services performed.,Part 2 ILLUSTRATIVE TRANSACTIONS,Transactions 1. John begins his business by depositing $50,000 in a bank

22、account in the name of Shannon Realty. (investment) Assets = Liabilities + Owners Equity 1 $50,000 $50,000 Bal. $50,000 $50,000,2. John purchases a lot for $10,000 and a small building on the lot for $25,000 with cash.(purchase of assets with cash) Assets = Liabilities + Owners Equity $50,000 $50,00

23、0 2. +10,000 (land) +25,000 (building) -35,000 (cash) Bal. $50,000 $50,000,3. John buys some office supplies for $500 on credit. (Purchase of assets by incurring a liability) Assets = Liabilities + Owners Equity $50,000 $50,000 3. +$500 (supplies) +$500(accounts payable) Bal. $50,500 $500 $50,000,4.

24、 John pays $200 of the $500 owed for the supplies. (payment of a liabilities) Assets = Liabilities + Owners Equity $50,500 $500 $50,000 -$200 (cash) -$200(accounts payable) Bal. $50,300 $300 $50,000,5. Shannon Realty sells a house and receives a commission in cash of $1,500. Assets = Liabilities + O

25、wners Equity $50,300 $300 $50,000 5. +$1,500 (cash) +$1,500(revenue) Bal. $51,800 $300 $51,500,6. John sells a house calling for a commission of $2,000, but John agrees to wait for the payment. (revenue on credit) Assets = Liabilities + Owners Equity $51,800 $300 $51,500 $2,000 (accounts receivable)

26、 $2,000 (revenue) Bal. 53,800 $300 $53,500,7. A few days later Shannon receives $1,000 from the client. Assets = Liabilities + Owners Equity $53,800 $300 $53,500 7. +$1,000(cash) -$1,000(accounts receivable) bal. $53,800 $300 $53,500,8. John Shannon pays $1,000 to rent some equipment for the office

27、. Assets = Liabilities + Owners Equity $53,800 $300 $53,500 8. -$1,000(cash) -$1,000(expense) bal. $52,800 $300 $52,500,9. John pays $400 in wages to a part-time helper. (expense) Assets = Liabilities + Owners Equity $52,800 $300 $52,500 9. -$400(cash) -$400(expense) Bal.$52,400 $300 $52,100,10. Joh

28、n hasnt paid the bill of utility expense of $300. Assets = Liabilities + Owners Equity $52,400 $300 $52,100 +$300(accounts payable)-$300(expense) Bal. $52,400 $600 $51,800,11. John withdraws $600 in cash from Shannon Realty and deposits it in his personal account. Assets = Liabilities + Owners Equit

29、y $52,400 $600 $51,800 11.-$600(cash) -$600(capital) Ba.$51,800 $600 $51,200,Classroom exercises,Charlene Rudek finished law school in June and immediately set up her own law practice. During the first month of operation she completed the following transactions: 1.Began the law practice by placing $

30、2,000 in a bank account established for the business. 2.Purchased a law library for $900 cash. 3.Purchased office supplies for $400 on credit.,4.Accepted $500 in cash for completing a contract. 5.Billed clients $1,950 for services rendered during the month. 6.Paid $200 of the amount owed for office

31、supplies. 7.Received $1,250 in cash from one client who had been previously billed for services rendered. 8.Paid rent expense for the month in the amount of $1,200. 9.Withdrew $400 from the practice for personal use.,On a sheet of paper, list the numbers 1 through 10, with columns for Assets, Liabil

32、ities, and Owners Equity. In the columns, indicate whether each transaction caused an increase (+), a decrease (-), or no change (NC) in assets, liabilities, and owners equity.,During the month of April, Grissom Co. had the following transactions: 1.Paid salaries for April, $1,800. 2.Purchased equip

33、ment on credit, $3000. 3.Purchased supplies with cash, $100. 4.Additional investment by owner, $4,000.,5.Paid for part of equipment previously purchased on credit, $1,000. 6.Received payment for services performed, $600. 7.Billed customers for services performed, $1,600. 8.Withdrew cash, $1,500.,9.R

34、eceived payment from customers billed previously, $300. 10.Received utility bill, $70. .,Part 3 Professional Ethics and Accounting Profession,Professional Ethics and the Accounting Profession,Revisions: 1. Accounting equation 2. Use accounting equation to analyze the transactions.,Accounting Profess

35、ion,Ethics Management Accounting Public Accounting Government and other Not-for-Profit Accounting Accounting Education,Ethics Ethics is the application of a code of conduct to everyday life. It addresses the question of whether actions are good or bad, right or wrong. Ethics actions are the results

36、of individual decisions and you are faced with many ethical situations every day.,Management Accounting an accountant who is employed by a business is said to be in management accounting. A small business may have only one person doing this work, though a medium-size or large company may have hundre

37、ds of accountants working under a chief accounting officer called a controller, treasurer, or financial vice president.,Public Accounting the field of public accounting offers services in auditing, taxes, and management consulting to the public for a fee.,Government and Other Not-for-Profit Accounti

38、ng Agencies and departments at all levels of government hire accountants to prepare reports that officials can responsibly carry out their duties. Not-for-Profit organizations are hospitals, colleges, universities, and foundations.,Accounting Education Training new accountants is a challenging and r

39、ewarding career, and today instructors of accounting are in great demand.in many schools holding the CPA, CMA, or CIA certificate will help and instructor to advance professionally.,Part 4 Accounts,Revisions,1. Professional ethics 2. The classification of the accounting profession,Accounts,Assets: C

40、ash Notes Receivable Accounts Receivable Prepaid Expenses Land Buildings Equipment,Cash,Cash is the title of the account used to record increases and decreases in cash. Cash consists of money or any medium of exchange that a bank will accept at face value for deposit. Cash: coins, currency, checks,

41、postal and express money orders, money deposited in a bank or banks, cash on hand.,Notes Receivable,A promissory note is a written promise to pay a definite sum of money at a fixed future date. Accounts due from others in the form of promissory notes are recorded in an account called Notes Receivabl

42、e.,Accounts Receivable,Accounts Receivable is incurred by Credit Sales, or Sales on Account. Credit sales increase Accounts Receivable.,Prepaid Expenses,Prepaid Insurance Office Supplies Prepaid Rent Store Supplies Prepaid Taxes,Land,Land account is used to record purchases of property to be used in

43、 the ordinary operations of the business.,Buildings,Purchase of structures to be used in the business are recorded in an account called Buildings. Although a building cannot be separated from the land it occupies, it is important to maintain separate accounts for the land and the buildings.,Equipmen

44、t,Office Equipment: desks, chairs, office machines, filing cabinets, and typewriters. Store Equipment:cash registers counters, showcases, shelves, and similar items. Machinery and Equipment: lathes, drill presses and other equipment. Trucks and Automobiles.,Part 6 Liability and Owners Equity,李海紅,Rev

45、isions,Assets: Cash Notes Receivable Accounts Receivable Prepaid Expenses Land Buildings Equipment,Liability,Notes Payable Accounts Payable Other Short-Term Liabilities Long-term Liabilities,Owners Equity,Capital Account Withdrawals Account Revenues and Expense,Notes Payable,Notes Payable is the opp

46、osite of Notes Receivable. It is used to record increases and decreases in promissory note amounts owed to creditors within the next year or operating cycle.,Accounts Payable,Accounts Payable is the opposite of Accounts Receivable. It comes from Credit Purchase.,Other Short-Term Liability,Wages Paya

47、ble Taxes Payable Rent Payable Interest Payable Unearned Fees Customer Deposit Unearned Revenue,Capital Account,When someone invests in his or her own company, the amount of the investment is recorded in a capital account.,Withdrawal Account,A person who invests in a business usually expects to earn

48、 an income an to use at least part of the assets earned from profitable operations to pay personal living expenses.,Revenue and Expense Accounts,Revenues increase owners equity, and expenses decrease owners equity: Commissions Earned Advertising Fees Earned Wages Expense Supplies Expense Rent Expens

49、e Advertising Expense,T- Account and Double-Entry System,李海紅,Revisions,Assets accounts Liabilities accounts Owners Equity accounts,T account and Double-Entry System,Evolution of the double-entry system The T-account,遼寧對外經(jīng)貿(mào)學(xué)院精品課（高職課） 會計(jì)英語 主講人：李海紅講師,Debit Credit for for Decrease Increase,Assets = Liab

50、ilities + Owners Equity,Debit Credit for for Decrease Increase,Debit Credit for for Increase Decrease,?,The accounting equation?,The basic rules of T-account?,Assets = Liabilities + Owners Equity,JOURNALS and JOURNALIZING,Journals: general journal; special-purpose journal Journalizing: the process o

51、f recording transactions in a journal. H,Examples,The following transactions for the Joan Miller Advertising Agency happened in January: January 1. Joan Miller invested $10,000 to start her own advertising agency. January 2. Rented an office, paying two months rent, $800.,January 5. Purchased office

52、 equipment from Morgan Equipment for $3,000, paying $1,500 in cash and agreeing to pay the rest next month. January 6. Purchased on credit art supplies for $1,800 and office supplies for $800 from Taylor Supply Company. January 19. Performed a service by placing several major advertisement for Ward

53、Department Stores. The fee of $2,800 is billed now but will be collected next month. S,Record the following transactions in the general journal. January 8. Paid $480 for a one-year insurance policy with coverage effective January 1. January 9. Paid Taylor Supply Company $1,000 of the amount owed. Ja

54、nuary 10. Performed a service by placing advertisements for an automobile dealer in the newspaper and collected a fee of $1,400.,Homework,January 12. Paid the secretary two weeks wages, $600. January 15. Accepted $1,000 as an advance fee for art work to be done for another agency. . January 25. Joan

55、 Miller withdrew $1,400 from the business for personal living expenses.,January 26. Paid the secretary two more weekswages, $600. January 29. Received and paid the utility bill of $100. January 30. Received (but did not pay) a telephone bill, $70.,General Journal,111,311,2005,Jan.,1,Cash,$10,000,$10

56、,000,Joan Miller, Capital,Investment in business,2005,Jan.,2,Prepaid Rent,Cash,Paid the office rent in advance,117,111,$800,$800,2005,Jan.,19,Accounts Receivable,Advertisement Fees Earned,Revenue earned , to be collected later,113,411,$4,200,$4,200,2005,Jan.,5,Office Equipment,Cash,Accounts Payable,

57、Partial payment of office equipment,146,111,212,$3000,$1,500,$1,500,2005,Jan.,6,Art Supplies,Office Supplies,Accounts Payable,Purchase of supplies on credit,115,116,212,$1,800,$800,$2,600,Year,Month,Day,The name of the accounts debited and credited,A brief explanation of the transactions,Debit amoun

58、t,Credit amount,Revisions,1. Posting 2. Ledgers,The Trial Balance,The equality of debit and credit balances in the ledger should be tested periodically by preparing a trial balance. The steps in preparing a trial balance follow:,1. Determine the balance of each account in the ledger. 2. List each ledger account that has a balance, with the debit balances in the left column and the c