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ppt07 Liabilities 会计英语(第四版) 教学课件

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Liabilities

Liabilities
New Words and Special Terms
1. frame [freɪm]
n.
2. segregation [;segrɪ'geɪʃn] n.
3. vendor ['vendə]
n.
4. obligation [;ɒblɪ'geɪʃn] v.
5. promissory ['prɒmɪsərɪ] a.
6. specify ['spesɪfaɪ]
v.
7. command [kə'mænd] v.
结构，框架 隔离，分开 卖家，小贩 义务，债务 约定的，约好的 具体指定，明确说明 赢得，控制
8. subscription [səb'skrɪpʃn] n.
订阅
9. contingent [kən'tɪndʒənt] a. 可能发生的
until the event that confirms the liability occurs. 6. Contingent liabilities are recorded as actual liabilities only if it is probable and its amount can be ___________.
Section Liabilities
9
Part 2 Intensive Reading
Current Liabilities
II. Complete the following statements according to the passage.
Exercises
1. Current liabilities are amounts payable within one year from the date of the balance sheet or within the normal___________, where this is longer than a year.

会计英语PPT(完成版) Chapter 10- Liabilities

会计英语PPT(完成版) Chapter 10- Liabilities

A term loan is a monetary loan that is repaid in regular payments over a set period of time. The lender is usually a bank or an insurance company. A term loan usually involves an unfixed interest rate that will add additional balance to be repaid.
2
of
10
1
Current Liabilities
Current liabilities are those that are due or payable within one year or current operation cycle, whichever is longer. For instance, accounts payable, notes payable, taxes payable, accrued expenses, deferred revenues, and current portions of long-term debts are all current liabilities.
Accounts payable are money owed by a business to its suppliers shown as a liability on a company’s balance sheet.
Accounts payable mainly refer to trade payables, payables for the purchase of physical goods that are recorded in inventory.

会计英语ppt课件

会计英语ppt课件
Cui Zhe School of Business Nantong University
OBJECTIVE
• To ensure you have the skills necessary to produce an excellent dissertation
STRUCTURE
• From developing the idea to presenting the completed piece of research
COURSE OUTLINE
Part 1:Research Methods in ACC/FIN
Part 2: Basic Theoretical Issues in ACC/FIN
Part 3: Special Topic in ACC/FIN
ACC/FIN RESEARCH METHODS
INTRODUCTION TO RESEARCH
• Findings will be tentative • Human beings are complex we can only model part of
their behaviour • They are not consistent • They learn • Data are always difficult and expensive to obtain • Linearity is often misleading asymmetry, big vs small
GETTING STARTED
• Don’t rush • Choose something you are interested in • Something which is useful to the rest of your

大学课程《会计英语》PPT课件：Chapter 7 Unit 2

大学课程《会计英语》PPT课件：Chapter 7 Unit 2

Bond Certificate
A bond certificate is issued to the investor to provide evidence of the investor’s claim against the company.
The bond certificate provides information such as the name of the company that issued the bonds, the face value of the bonds, the maturity date of the bonds, and the contractual interest rate.
The issuance of bonds payable is the equivalent of splitting a large loan into a great many units, called bonds. Each bond is, in essence, a long-term interest-bearing note payable.
Interest Rate, Face Value and
Maturity Date
Usually the contractual rate is stated as an annual rate, and interest is generally paid semiannually. The face value is the amount due at the maturity date. The maturity date is the date that the final payment is due to the investor from the issuing company.

《会计英语—财务会计(双语版·第四版)》教师教学课件全编

《会计英语—财务会计(双语版·第四版)》教师教学课件全编
c. Which information is relevant for a particular type of decision that is being made.
d. All of the above.
3. External users of financial accounting information include all of the following except:
a. The nature of economic activities that accounting information describes.
b. The assumptions and measurement techniques revolved in developing accounting information.
c. Useful for decision making.
d. Used by business, government, nonprofit organizations, and
individuals.
2. To understand and use accounting information in making economic decisions, you must understand:
ACCOUNTIG ENGLISH
Financial Accounting
（Bilingual Edition·Fourth Edition）
会计英语
财务会计 （双语版·第四版）
Part One
Accounting Theory
—Concepts and Framework
Chapter One

会计英语第七单元课件

会计英语第七单元课件

2 This flow of data is the same in either a manual or a computerized accounting systems. 3 small companies: may not be necessary 4 work sheet is a useful device for understanding the flow of the accounting data from the unadjusted trial balance to the financial statements.
250
250
50 43400
50 9755 16960 33645
50 26440
Income statement : Cr. $16960 – Dr. $9755 = $7205 (net income) Balance sheet: Dr. $33645 – Cr. $26440 = $7205 $7205 + $26440 = $33645 (net income increases OE)
4000
16340 4275 250 500
1600
985
15Supplies 800 expense 16 Misc. 455 Expense 17 Total 42600 42600 18Insuranc e expense 19 Rent revenue
1240
100
120
20Wages payable 21Depreciation expense 22Accumulated Depreciation Total
Unit Seven Accounting Cycle

会计专业英语 Lesson Seven 第七课 课件 教案


• A typical sequence of events • 典型的顺序如 is as follows: 下： • （1）A request for a • （1）当需要购 purchase,called a purchase 买某些商品或 requisition,is initiated by the 者某些存货的 person in charge of 数量低于再定 merchandise stock records 货点时，负责 whenever certain items are 存货记录的人 needed or when quantities of 员可填写请购 certain merchandise fall 单交购货部门。 below established reorder points.The requisition is forwarded to the purchasing department.

• 1月1日 • 销售商品$5000给K· 奥 利森，发票#101，付款 提货，到达站交货，货 到收运费。收到奥利森 的支票计$4800，即已 减去由他代付给承运商 的运费$200后的净额。
• 借：现金 4800 • 销货运费 200 • 贷：销货 5000 • （记入现金收入日记账）
New Words, Phrases and Special Terms
LESSON SEVEN
AN ILLUSTRATION 实例
• We shall list a few • 我们将列举若干 transactions to demonstrate 笔交易来说明它 how they are recorded in 们是怎样记录在 the several journals 第六课所表述的 mentioned in Lesson Six. 那几种日记账中 Pay attention to the credit 的。请注意各笔 terms involved in respective 交易中包含的赊 transactions. Note that cash 账条件。并请注 discounts are calculated on 意：现金折扣是 the billed price of 根据在每笔购货 merchandise retained in a 或销货中留下的 purchase or sale-not on 商品发票价格计 amounts representing 算的，不涉及表 returns and allowances or 示退货、折让或 transportation costs. 运输费用的金额。

Unit 7 Liabilities




Trade accounts payables consist of 由…组成 those liabilities which are related to the trade of the business. 应付贸易账款是由和商业贸易有关 的负债所组成的。 Liability to pay for goods or services which have been received and invoiced from supplier with the agreed timing and amount and for which there was not a promissory note (期票，本票). ① Trade payables are owned to suppliers of goods and services, e.g. raw materials’ supplier, or telephone company, electricik loans 银行贷款
Bank loan is a fixed amount for a fixed term with regular fixed repayments. ① When a loan is being repaid over a period longer than one year, the amount outstanding 未偿付余额 will be split in the statement of financial position. Payment < 1yr as current liabilities, the balance shown under non-current liabilities.
Learning objectives

会计学英文版ppt课件

managers and other users of its financial statements.The
accounts within the chart of accounts are numbered for use
as references.
Balance Sheet Accounts
accounts.
Prepare an unadjusted trial
balance and explain how it can be used to discover errors.
Using Accounts to Record Transactions
As a result,accounting systems are designed to show the increases and decreases in each accounting equation element as a separate record.This record is
accounts.
Describe and illustrate
journalizing transaction using the double-entry
accounting system.
Describe and illustrate the journalizing and
posting of transactions to
Examples ——wages expense, rent expense, utilities expense, supplies expense, and miscellaneous expense.
A chart of accounts should meet the needs of a company’s

会计英语(第四版)(完整教资)

第一章会计总论学习目标：1.了解会计信息系统2.应用公认会计准则3.了解财务报表4.运用会计要素5.运用会计等式6.了解会计及其环境本章讨论不同的使用者对会计信息的需求，介绍不同实体对会计职业的影响、会计职业道德及职业行为准则。

本章也将对公认会计准则以及一些相关概念和原则进行解释。

本章将介绍会计等式：资产＝负债＋所有者权益，并逐一定义会计等式中的每个要素，举例分析不同业务对会计等式的影响。

同时，本章还将简单介绍财务报表。

1.1 会计是一个信息系统我们通常把会计描述为一个信息系统。

作为一个信息系统，会计计量经济活动，将信息编制成财务报表，并将财务报表传达给决策者。

会计的范围包括：确认经济事项，进行计量、记录、汇总，并把信息报告给使用者。

会计所涵盖的范围要大于簿记。

图表1－1是信息在会计系统内的流转图。

簿记是对交易和事件的记录，只是会计的一部分。

会计还包括对会计信息的分析和阐述，以帮助财务报表的外部和内部的使用者制定各项经济决策。

决策制定经济业务财务报告图表1-1 会计信息流转会计信息使用者主要是投资者和债权人，政府，工会，普通公众也会使用会计信息。

1.2 组织形式企业有三种组织形式：个人独资企业是指由一个自然人投资拥有的企业组织。

个人独资企业是一个会计实体，但并不是法律实体个人独资企业的所有者对企业的债务承担无限责任，这也是个人独资企业的一个主要缺点。

合伙企业与个人独资企业的区别只在于它有两个或两个以上的所有者。

合伙企业的所有者被称为合伙人。

现实商业活动中有许多不同类型的合伙企业。

公司是依据当地法律注册成立的单独实体；公司的所有者被称为股东。

股东不对公司的债务负责。

有限责任是公司这种组织形式的一个显著优点。

公司的所有权被分为股份。

股份可以在所有者之间转让。

1.3 编报财务报表的框架由于各个国家的法律和经济环境不同，各国有不同的会计模式。

在一个国家可行的会计实务在另一个国家并不一定可行。

由于各国的会计模式不同，所以我们需要制定一个互相协调的会计标准：用全球通用的会计语言来传达相关的且可靠的会计信息。

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8
Interest Payable Example
What entry would Porter Company make on December 31, the fiscal year-end?
D ate
D es c rip tio n
D eb it
C red it
YE SUN AccountingEnglish
income tax payable of $9,000.
Income
Tax
Statement Return Difference
Revenues Less:
Depreciation Other expenses
$ 1,000,000 $1,000,000 $
-
200,000 650,000
320,000 650,000
payable is recorded in an account called
deferred taxes.
YE SUN AccountingEnglish
15
Deferred Income Taxes Example
Examine the December 31, 1998 information for X-Off Inc.
taxes following tax
law.
YE SUN AccountingEnglish
14
Deferred Income Taxes
GAAP is the set of rules for preparing financial statements.
The tax law is the set of rules for preparing
income tax reporting. X-Off’s tax rate is 30%.
YE SUN AccountingEnglish
16
Deferred Income Taxes Example
Compute X-Off’s income tax expense and income tax payable.
YE SUN AccountingEnglish
12
Unearned Revenue
Cash is sometimes collected from the customer before the revenue is actually earned.
As the earnings process is
The liability is called interest payable.
To the lender, interest is a revenue.
To the borrower, interest is an expense.
Interest Rate Up!
YE SUN AccountingEnglish
tax returns.
Results in . . .
Usually. . .
Financial statement income tax expense.
Results in . . .
income taxes payable.
The difference between tax expense and tax
Miami, Fl Location
Nov. 1, 1999 Date
Six months after this date
Porter Company
promises to pay to the order of Security National Bank
the sum of
$10,000.00
with interest at the rate
? Tax rate Income taxes
30%
30% payable for
$ 45,000 $ 9,000 the period.
YE SUN AccountingEnglish
18
Deferred Income Taxes
Example
The deferred tax for the period of $36,000 is the difference between income tax expense of $45,000 and
Income
Statement
Revenues Less:
$ 1,000,000
Depreciation Other expenses
200,000 650,000
Income before taxes $ 150,000
? Tax rate Income taxes
30% $ 45,000
Tax
RetTuhrne inDcoifmfeeretnacxe amount computed based on financial statement income is income tax expense for the period.
DEBT
EQUITY
Funds from creditors, with
Funds from
a definite due date, and
owners
sometimes bearing
interest.
YE SUN AccountingEnglish
3
Notes Payable
PROMISSORY NOTE
The likelihood of occurrence of the event may be:
1. Remote (slight)
2. Reasonably possible (more than remote but less than likely)
YE SUN AccountingEnglish
20
Contingent assets
Contingent assets are claims or rights to receive assets, which may become valid eventually. Examples are: Pending litigation whose probable outcome is favorable Possible tax refunds in tax disputes Contingent assets are not accrued!
Maturity > 1 year
Current Liabilities
Noncurrent I.O.U. Liabilities
YE SUN AccountingEnglish
2
Distinction Between Debt and Equity
The acquisition of assets is financed from two sources:
of 12.0% per annum.
signed John Caldwell
title
treasurer
YE SUN AccountingEnglish
6
Notes Payable
On November 1, 1999, Porter Company would make the following entry.
In teres t P a y a b le
D eb it
C red it
2 0 0
2 0 0
$10,000 ´ 12% ´ 2/12 = $200
YE SUN AccountingEnglish
10
Payroll Liabilities
Employers incur several
expenses and liabilities from
9
Interest Payable Example
On December 31, Porter Company would record interest payable with the following
entry:
D ate
D es c rip tio n
3 1 -D ecIn teres t E x p en s e
(120,000) -
Income before taxes $ 150,000 $ 30,000 $ 120,000
? Tax rate Income taxes
30%
30%
30%
$ 45,000 $ 9,000 $ 36,000
YE SUN AccountingEnglish
19
Contingency: Defined
YE SUN AccountingEnglish
17
Deferred Income Taxes Example
Compute X-Off’s income tax expense and income tax payable.
Income
Tax
Revenues Less:
Statement Return Difference
D a te
D e s c rip tio n
1 -N o vC a s h
N o teP a y a b le
D e b it
C re d it
1 0 ,0 0 0
1 0 ,0 0 0
YE SUN AccountingEnglish
7
Interest Payable
Interest expense is the compensation to the lender for giving up the use of money for a period of time.