affectsthefinancialpositionofanorganizationandrequiresrecording.©2002PrenticeHallBusinessPublishing,IntroductiontoManagementAccounting12/e,Horngren/Sundem/Stratton16-6BalanceSheet Thebalancesheet(alsocalledstatementoffinancialpositionorstatementoffinancialcondition)isasnapshotofthefinancialstatusofanorganizationatapoint...
Basic Accounting Principles BasicAccountingPrinciples TheFinancialStatements AccountingTerms ➢Account •Agroupofitemshavingcommoncharacteristics ➢TypesofAccounts •Asset Liability •Income Expense •Equity ChartofAccounts ➢Listingofalloftheaccountsusedbyabusiness AssetAccounts ➢ItemsofValue➢...
Basic Concepts of Basic Concepts of Financial Accounting Financial Accounting Chapter 2 The Basic Accounting Equation The Basic Accounting Equation • Financial accounting is based upon the accounting equation. Assets = Liabilities + Owners' Equity – This is a mathematical equation which must balance....
。2 Chapter1Introduction •Thequalitativeandquantitativerelationamongvariousvariables --non-exactquantitativerelations:Q=f(P)Q=a+bP+;--wherefmaynotrepresentsinglerelationlikelinear --aandbareconditionallyexactnumber,--ThetermrepresentthoseconditionunderwhichwhatarethedataofQandP.ex1.Therelationbetweensupply...
计量经济学(英文版)basic econometrics-long.ppt,Basic Econometrics Dept of Economics Management Xi’an Institute of Post and telecommunication Prof. Long Xiaoyu Chapter 1 Introduction The qualitative and quantitative relation among various variables -exact
Concept#1:MoneyMeasurement(货币计量）Accountingrecordsarerecordedinmonetarytermsatthevalueattimetransactionisrecorded.Thisisaseverelimitation.Arecordismadeonlyofinformationthatcanbeexpressedinmonetaryterms.Ifsomethingcan’tbevalueditcan’tberecorded;e.g.,president’shealth,affectofstrike.
E-learning from Almaris.com Accounting Fundamentals 28 Summary Five cash receipts 1. Contributions from shareholders: ACo receives $9 from shareholders from issuance of shares. 2. Proceeds from loans: ACo borrows $8 in cash. 3a. Receipts from customers for sales: ACo gets $99 from customers ...
Basic_concepts_of_taxes Chapter11 BasicConceptsofTaxes 专业词汇 Taxbase:税基Taxratestructure:税率结构Saleofcommodities:商品销售额Progressivetaxrate:累进税率Regressivetaxrate:累退税率Accountingperiod：会计期间Averagetaxrate：平均税率Marginaltaxrate:边际税率 Proportionaltaxrate:比例税率Taxbracket:税率等级taxlevel:...
Ethicalaccountingpracticesbuildtrustandpromoteloyal,productiverelationshipswithusersofaccountinginformation.会计职业道德使会计人员与会计信息的使用者之间能够建立相互诚信的关系。Manycompaniesandprofessionalorganizations,suchastheInstituteofManagementAccountants(IMA),havewrittencodesofethicswhichserveasguidesforemployees.许多公司...
《会计学》专业英语Chapter 5-Preparing basic financial statements.ppt,section overview To prepare the statement of financial position,the profit and loss ledger account balance is transferred to the capital ledger account. All the remaining balances (on t