会计英语Unit 4
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会计英语4,8,9章练习题
Chapter 4 statement of cash flow1.The net income of the ZY Company for 1999 was $260000. Additional data available relative to activities for the year are given below:A. Depreciation expenses for the year, $90000;B. gains on sale of machinery used in operations was $2400;C. Accounts receivable increased by $2000;D. Accounts payable increased by $8400;E. Patent amortization for the year was $14800;RequiredPrepare the cash flows from operating activities section of a statement of cash flows un der the indirect method.Cash flows from operating activities:Net income …………………………………………………………… $260000Adjustment for non cash revenue and expenses:expenses not requiring cashAdd depreciation 90000Patent amortization 14800cash change not from operationsdeduct gains on sale of machinery 2400Current liabilities changes:Deduct Accounts receivable increase 2000Add Accounts payable increase 8400Cash flows from operating activities $3688001.Purchased material ,$200, and equipment, $3100，paid cash.2.Paid cash to acquire land, $ 270003.Performed service for a customer and received cash $160004.Issued common stock and received $39000 cash5.Prepaid insurance $1200 for next 12months6.Paid cash for employee salary $ 24007.Acquire a long-term loan from bank $400008.Paid $5000 for cash dividend10.Gains on sale of equipment of $3000Calculate cash flow from operations, financing and investing.12200,-27100,74000Chapter 8 accounts receivable1.T/FAn account receivable that has been determined to be uncollectible is still an asset.(F) We should debit bad debts expense and credit allowance for doubtful accounts for write off bad debts.(F)Allowance for doubtful accounts is contra-asset account that offsets account receivable.(T)Gross accounts receivable appears on the balance sheet.(F)When we write off a worthless receivables, the net accounts receivable is less than before.(F)2.When we use the allowance method to record bad debts,there are three methods to estimate the amount of bad debtsPercentage of total accounts receivable outstanding(应收账款余额百分比法)Aging method（账龄分析法）Percentage-of-sales method(销货百分比法)（一）余额百分比法这是按照期末应收账款余额的一定百分比估计坏账损失的方法。
会计审计专业英语 (4)
4-4-1 Prepare Adjusted Trial Balance
This trial balance lists all the account balances that will appear in the financial statements (with the exception of retained earnings, which does not reflect the current year's net income or dividends). The purpose of the adjusted trial balance is to confirm debit-credit equality, taking all adjusting entries into consideration.
Transactions are often accompanied by a source document, which can be in either hard copy or electronic form.
4-2-1 Journalize Transactions and Events
4-3-1 Perpare unadjusted trial balance
An adjusted trial balance is prepared at the end of the reporting period, after all transactions are recorded in the journals and posted to the ledger. The unadjusted trial balance is a list of general ledger accounts and their account balances.
实用会计英语Chapter 4 Accounts
Photocopy Equipment
542
Depreciation Expense,
Office Equipment
543
4-10
Commonly Used Accounts
The designation of accounts must reflect the nature of the company’s business and the needs of its management.
Assets
Liabilities
Cash (at Bank)
111
Notes Payable
211
Notes Receivable
112
Accounts Payable
212
Accounts Receivable
113
Unearned Photocopy Fees
213
Photocopy Fees Receivable 114 Wages Payable
Accounts Receivable
In accounting, some important accounts are used widely and commonly in each company.
4-11
Commonly Used Accounts
Asset Accounts Liability Accounts Owner’s Equity Accounts
4-3
Accounts
An account is the basic storage unit for accounting data. An accounting system has separate accounts for each asset, each liability, and each component of owner’s equity, including revenues and expenses.
实用会计英语unit4简明教程PPT课件
3. 常见三大的存货成本 核算假设(方法) • 先进先出法：假设先放置 入库的存货先售出。 • 后进先出法：假设后放置 入库的存货先售出。 • 平均成本法：假设存货的 成本计价以本期存货的平 均成本为计价标准。
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MODULE 2 手不释卷
实用会计英语 / Practical Accounting English
A. Look at the pictures and fill the blank with correct English words.
学 以 致 用
4-5
实用会计英语 / Practical Accounting English
MODULE 1
学 以 致 用
4-6
实用会计英语 / Practical Accounting English
4-12
MODULE 2 手不释卷
实用会计英语 / Practical Accounting English
B. Learn the new words and phrases in the passage and try to use them to make sentences. New Words
制造业企业通过使用机 器和雇佣工人将材料转换成 产成品，并通过销售产品获 取销售收入
4-8
MODULE 2 手不释卷
实用会计英语 / Practical Accounting English
2. Inventory of merchandise business V.S. manufacturing business The merchandise held by a merchandising business is recorded as current asset called merchandise inventory. Merchandise Inventory sold becomes cost of merchandise sold. In contrast to a merchandising company, a manufacturing company has three types of inventory: materials inventory, work in process inventory and finished goods inventory. The costs of work in process inventory include the direct materials, director labor and factory overhead.
第4章 Current Assets《会计英语》PPT课件
Unit 1 Cash and Its Control
➢Efficient management of cash includes measures that will:
(1)Provide accurate accounting for cash receipts, cash payments and cash balances;
(4)Make all payments by check.
Unit 1 Cash and Its Control
➢BANK STATEMENT AND BANK RECONCILIATION. Since all cash receipts are to be deposited intact in the bank and all significant cash disbursements are to be made by check through the bank, each month the bank will provide the depositor with a statement of the depositor’s account, accompanied by the checks paid and charged to the account during the month. A bank statement shows the balance on deposit at the beginning of the month, the deposits, the checks paid, any other debits and credits during the month, and the new balance at the end of the month.
大学会计英语 unit 4
4. at more frequent intervals 间隔时 间更短地
5. the Inland Revenue (英)国内税收 当局 = British government department dealing with taxes (income tax, corporation tax, capital gains tax, inheritance tax, etc.)
Notes
1. distinct adj. 性质截然不同的 2. running cost 企业日常性开支，运 营成本 = money spent on the day-today cost of keeping a business going (它与running expenses意同) 3. application of funds statement 资 金运用报表 6. sole trader 个体营业者 = person who runs a business by himself but has not registered it as a company. For example, if you own and run a golf shop located in a small town, you are called a sole trader. 7. a limited company 有限责任公司 = company where a shareholder is responsible for the company’s debts only to the amount unpaid (if any) on his share (有时美国人也用limited liability company表示同样意思) 8. partnership n. 合伙企业 = a business owned by two or more people (but not more than twenty) who share the risks and profits according to a partnership agreement
基础会计学第四单元课件英文版
After studying this chapter, you should understand:
How to prepare a worksheet The closing process The post-closing trial balance
Steps in the accounting cycle Correcting entries The classified balance sheet
4-4
P1
Benefits of a Work Sheet
Aids the preparation of financial statements. Reduces possibility of errors. Links accounts and their adjustments. Assists in planning and organizing an audit.
4-3
STUDY OBJECTIVE 1
PREPARING A WORKSHEET
• A work sheet is a multiple-column form that may be used in the adjustment process and in preparing financial statements. • It is an optional tool --not a permanent record. • Adjustments are journalized and posted from the work sheet after financial statements are prepared.
Work Sheet
Account Titles Trial Balance Dr. Cr. Adjustments Dr. Cr. Adjusted Trial Balance Dr. Cr. Income Statement Dr. Cr. Balance Sheet Dr. Cr.
unit 4会计英语
The words “debit” and “credit” should not be confused with “increase” and “decrease”.
confuse v. 搞乱, 使糊涂
【搭配】be confused with 与……混淆，弄错 【例句】I confused her with her sinter because they are so alike.
Task 1 & 2
2. Newtech Co. Ltd sells a software for $1 000 and sends their customer an invoice. They allow their customer 30 days to pay them for this software (on account). Analysis: The assets are increased and the owner's equity is increased.
Task 1 & 2
6. Newtech Co. Ltd pays the computer company $2000 with a check for the computers that they bought. Analysis: The assets are decreased and the liabilities are decreased.
Task 1 & 2
7. Newtech Co. Ltd receives a check from the customer who they billed (invoiced) $5 000 for services and allowed 30 days to pay. Analysis: One asset is increased and another asset is decreased.
《会计英语》Accounting04
16
Reconciling the Bank Balance(银行账户余 额的调节）
What's the bank statement?
17
Bank Statements(银行对账单）
Shows the beginning bank balance, deposits made, checks paid, other debits and credits in the month, and the ending bank balance.
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Example of Petty Cash Payments
• Jose also spent $20 for delivery charges and $60 for coffee and other miscellaneous expenses. • What is the journal entry to record the Reimbursing of the frrency （纸币）
Cash is defined as any deposit banks will accept.
Checks
Money orders （汇票）
A cash equivalent is an investment that is readily convertible to a known amount of cash and is sufficiently close to its maturity date so that its market value is relatively insensitive to interest rate changes. 现金等价物是指企业持有至到期，容易兑换成确定金额的现 金，并且市场价值不随利率的变化有较大波动的一项投资。
2012CPA会计英语第四单元(完整版)
Unit 4 Financial Statement Elements-RevenuesRevenueDefinitionRevenue is an inflow of economic benefits during the period arising in the course of ordinary activities of an entity when those inflows result in increases in equity other than increases relating to contributions from equity participants.Inflow of economic benefits: 经济利益的流入Increase in equity: 所有者权益的增加Contributions from equity participants: 所有者投入MeasurementRevenue is measured at the fair value of the consideration received or receivable.收入以将要收到或已收到对价的现值来计量If the inflow of cash or cash equivalents is deferred （递延）, the fair value of the consideration receivable is less than the nominal amount of cash and cash equivalents to be received, and discounting（折现）is appropriate.Identification of the transactionNormally, each transaction can be looked at as a whole. Sometimes, it is necessary to break atransaction into its component parts. E.g. a sale include both the transfer of goods and the provision of future servicing, the revenue for which should be deferred over the period the service is performed.On the other hand, seemingly separate transactions must be considered together if apart theylose their commercial meaning. E.g. sale and repurchase.Sale of goodsRevenue is recognized when:(a)all significant risks and rewards of ownership have been transferred to the buyer企业已将商品所有权上的主要风险和报酬转移给购货方(b)the entity has no continuing managerial involvement to the degree usually associated withownership, and no longer has effective control over the goods sold.企业既没有保留通常与所有权相联系的继续管理权，也没有对已售出的商品实施有效控制(c)both revenue and the associated costs of the transaction can be measured reliably收入的金额和相关的成本能够可靠地计量(d)probable that economic benefits will flow to the enterprise相关的经济利益很可能流入企业The passing of risks and rewards is critical to revenue recognition. The normal critical event is when goods are delivered to the buyer i.e. pass of position or transfer of legal title.通常情况下，转移所有权凭证并交付实物后，商品所有权上的主要风险和报酬随之转移。
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balance in the income summary account, this means that the revenue has exceeded the expense.
( F) 5. The important role of the worksheet is to aid the
accountant by bringing together all the data needed for preparing financial statements.
Required:
1. Prepare an income statement for the current year ending December 31, exercising care to include each item of expense.
2. Prepare a capital statement for the current year ending December 31.
会计英语Unit 4
Learning Objectives
Unit Four
to prepare adjusted trial balance; to use the worksheet; to close entries; to prepare post-closing trial balance; to understand preparing reversing entries is an
Notes
Unit Four
revenue recognition principle 收入确认原则
The adjusted trial balance is prepared after the adjusting entries have been journalized and posted. It is the one that reflects revised account balance due to the end-ofperiod adjustments. The adjusted trial balance serves as the basis for the preparation of the financial statements. 在调整分录全部登记入日记账并过账后需编制调整后的试算 平衡表。它反映了经期末调整后修正的账户余额，调整后的 试算平衡表将作为编制财务报表的基础。
A.a debit to Unearned Revenue
√B.a credit to Cash
C.a debit to Interest Receivable D.a credit to Salary Payable
Exercises
Unit Four
III . Cases.
The following are the amounts of the assets and liabilities of Lei Feng services, a sole proprietorship, on December 31, the end of the current year, and its revenue and expenses for the year ended on that date. The capital of Wang Xiao, the owner, was $10,655 on January 1, the beginning of the current year, and the owner withdrew $25,000 during the current year.
Vocabulary
apportion outlay accrue adjusted trial balance reflect equality worksheet facilitate duplication closing entries
Unit Four
分派，分摊 费用，花费；支出 自然增加 调整后试算平衡表 反映 相等 工作表 促进 加倍，重复 结账分录
Salary Expense Rent Expense Utilities Expense Supplies Expense Taxes Expense Insurance Expense Advertising Expense Miscellaneous Expense
Unit Four
6,150 12,260 1,200
Exercises
Unit Four
II . Choose the best answer.
1. During 2007, Bustamante Co. incurred salary expense of $240,000. Beginning and ending Salary Payable was $4,000 and $8,000, respectively, In 2007, Busatamante paid salaries of _____.
optional process.
Warming-up
Unit Four
In the previous unit, we described and illustrated the analysis and recording of transactions, posting to the ledger, etc.. In this unit, we complete our discussion of the accounting cycle by making adjustments, preparing a trial balance, preparing financial statements, etc..
A.The matching principle B.The time period concept
√C.The reliability concept
D.The revenue principle
4. On July 31, $3,600 is paid for a one-year insurance policy. On December 31, the adjusting entry for prepaid insurance would include _____.
√A.a debit to Insurance Expense, $3,600
B.a credit to Cash
C.a debit to Interest Receivable
D.a credit to Salary Payable
Exercises
Unit Four
5. An adjusting entry could contain all of the following except _____.
A.$550,000 B.$570,000 C.$580,000 D√.$630,000
Exercises
Unit Four
3. Recording an expense when it is paid instead of when
incurred is a vts are prepared.
( F ) 3. Under the accrual basis, the timing of cash payment or
receipt is vital for recording revenues and expenses.
( T) 4. If at the end of an accounting period there is a debit
Notes
Unit Four
In actual practice, a worksheet is prepared to facilitate the preparation of formal financial statements, it is used to gather information on adjustments and account balances for the financial statements.
A.$248,000 B.$240,000 C√.$236,000 D.$244,000
2. During 2007, Busatamante received $600,000 for service revenue. Bustamante has not received $30,000 for services already performed in 2007. Busatamante also invested $20,000 into the business. Busatamante should report service revenue for 2007 of _____.
( F )1. The adjusted trial balance is the same as the trial
balance, except that it has been modified by adjusting entries.
( T )2. Adjusting entries must be made after the financial
3. Prepare a balance sheet as of December 31 of the current year.
Exercises
Cash Accounts Receivable
Supplies Prepaid Insurance Accounts Payable
Salary Payable Sales
400 4,010 2,100 91,670 25,200 8,000 7,800 6,200 6,000 4,800 3,000 2,425
( F) 5. The important role of the worksheet is to aid the
accountant by bringing together all the data needed for preparing financial statements.
Required:
1. Prepare an income statement for the current year ending December 31, exercising care to include each item of expense.
2. Prepare a capital statement for the current year ending December 31.
会计英语Unit 4
Learning Objectives
Unit Four
to prepare adjusted trial balance; to use the worksheet; to close entries; to prepare post-closing trial balance; to understand preparing reversing entries is an
Notes
Unit Four
revenue recognition principle 收入确认原则
The adjusted trial balance is prepared after the adjusting entries have been journalized and posted. It is the one that reflects revised account balance due to the end-ofperiod adjustments. The adjusted trial balance serves as the basis for the preparation of the financial statements. 在调整分录全部登记入日记账并过账后需编制调整后的试算 平衡表。它反映了经期末调整后修正的账户余额，调整后的 试算平衡表将作为编制财务报表的基础。
A.a debit to Unearned Revenue
√B.a credit to Cash
C.a debit to Interest Receivable D.a credit to Salary Payable
Exercises
Unit Four
III . Cases.
The following are the amounts of the assets and liabilities of Lei Feng services, a sole proprietorship, on December 31, the end of the current year, and its revenue and expenses for the year ended on that date. The capital of Wang Xiao, the owner, was $10,655 on January 1, the beginning of the current year, and the owner withdrew $25,000 during the current year.
Vocabulary
apportion outlay accrue adjusted trial balance reflect equality worksheet facilitate duplication closing entries
Unit Four
分派，分摊 费用，花费；支出 自然增加 调整后试算平衡表 反映 相等 工作表 促进 加倍，重复 结账分录
Salary Expense Rent Expense Utilities Expense Supplies Expense Taxes Expense Insurance Expense Advertising Expense Miscellaneous Expense
Unit Four
6,150 12,260 1,200
Exercises
Unit Four
II . Choose the best answer.
1. During 2007, Bustamante Co. incurred salary expense of $240,000. Beginning and ending Salary Payable was $4,000 and $8,000, respectively, In 2007, Busatamante paid salaries of _____.
optional process.
Warming-up
Unit Four
In the previous unit, we described and illustrated the analysis and recording of transactions, posting to the ledger, etc.. In this unit, we complete our discussion of the accounting cycle by making adjustments, preparing a trial balance, preparing financial statements, etc..
A.The matching principle B.The time period concept
√C.The reliability concept
D.The revenue principle
4. On July 31, $3,600 is paid for a one-year insurance policy. On December 31, the adjusting entry for prepaid insurance would include _____.
√A.a debit to Insurance Expense, $3,600
B.a credit to Cash
C.a debit to Interest Receivable
D.a credit to Salary Payable
Exercises
Unit Four
5. An adjusting entry could contain all of the following except _____.
A.$550,000 B.$570,000 C.$580,000 D√.$630,000
Exercises
Unit Four
3. Recording an expense when it is paid instead of when
incurred is a vts are prepared.
( F ) 3. Under the accrual basis, the timing of cash payment or
receipt is vital for recording revenues and expenses.
( T) 4. If at the end of an accounting period there is a debit
Notes
Unit Four
In actual practice, a worksheet is prepared to facilitate the preparation of formal financial statements, it is used to gather information on adjustments and account balances for the financial statements.
A.$248,000 B.$240,000 C√.$236,000 D.$244,000
2. During 2007, Busatamante received $600,000 for service revenue. Bustamante has not received $30,000 for services already performed in 2007. Busatamante also invested $20,000 into the business. Busatamante should report service revenue for 2007 of _____.
( F )1. The adjusted trial balance is the same as the trial
balance, except that it has been modified by adjusting entries.
( T )2. Adjusting entries must be made after the financial
3. Prepare a balance sheet as of December 31 of the current year.
Exercises
Cash Accounts Receivable
Supplies Prepaid Insurance Accounts Payable
Salary Payable Sales
400 4,010 2,100 91,670 25,200 8,000 7,800 6,200 6,000 4,800 3,000 2,425