【英文版会计学课件】AnalyzingandRecordingTransactions.pptVIP

Lesson 3Analyzing and Recording Transactions Task team of Fundamental Accounting School of Business, Sun Yat-sen University Outline Accounts Detailed Description of Various Accounts T-Accounts Rules of Debits and Credits Double-entry Accounting Illustrated Application of Rules Opening Story Do you have any idea about how your parents keep an “account” of how much the family spends? What a good family accountant! Opening Story A global demand for accountants – where can the “Big Four” find accountants with talent and virtues? Mr.Land, EY British president (indirect quote) In the recent 18 months, the shortage of accounting talents has been scarcely satisfied. The most valuable in the 21st century is accountants to special accounting firms like us. （2005－7－21） The Account The Assets Account The Liabilities Account The Equity Account Details of Equity Account The T-Account Increases and Decreasesin the Accounts Rules of Debit and Credit Rules of Debit and Credit Expansion of theAccounting Equation Recording Transactions Record transactions first in the journal (analyses) Ledger Posting Trial balance Analysis of each transaction Identify the transaction from the source document, such as a sales invoice or check stub Determine which accounts increase and which decrease Apply the rules of debit and credit Enter the transaction in the journal, listing first the debit and then the credit Verify that total debits equal total credits A journal entry ?A journal entry would appear as follows: Account Name XX (debit amount) Account Name XX (credit amount) Brief explanation of the transaction. Ledger A group of accounts. All the accounts of a business grouped together form a book called the ledger (or general ledger). Posting The process of copying (transferring) data from the journal to accounts in the ledger. Debits in the journal are posted as debits to the appropriate accounts; credits in the journal are posted as credits to the appropri