会计英语USCH1CH2Lecture资料.pptVIP

Closing entries：结账分录 Post-closing trial balance：结账后的试算平衡表Adjusting entries 调整分录 Reversing entries 冲销分录 PROPERTY, PLANT AND EQUIPMENT: 地产，厂房和设备即固定资产 CERTIFICATES OF DEPOSIT: 存款证，存款单。 allowance for doubtful accounts：坏账准备。 realizable value ：可变现价值 lower-of-cost-or-market：成本与市价 long-term notes：长期应付票据marketable securities：有价证券 LEASEHOLD IMPROVEMENT: 租赁资产改良 realty company：房地产公司 ACCRUED COMPENSATION:应付工资covenants：承诺条款 * Generally any monies available “on demand：见票即付.” Cash equivalents are short-term highly liquid investments that will mature within three months or less. Any restrictions or commitments must be disclosed. Cash Balance Sheet – “Current Assets” Valuation If all $USD, then historical cost = current MV If foreign currency units, then translated into $USD at BS date exchange rate, therefore at current MV Cash Balance Sheet – “Current Assets” Claims held against customers and others for money, goods, or services. Accounts receivable – oral promises Notes receivable – written promises Major categories of receivables should be shown in the balance sheet or the related notes. Reported at net realizable value净可变现价值 (i.e. net of allowance for doubtful accounts 坏账准备). Receivables Balance Sheet – “Current Assets” Accounts Receivable – Presentation Options Current Assets: Cash $ 346 Accounts receivable 500 Less allowance for doubtful accounts 25 475 Inventory 812 Total current assets $1,633 Current Assets: Cash $ 346 Accounts receivable, net of $25 allowance 475 Inventory 812 Total current assets $1,633 1 2 Balance Sheet – “Current Assets” Company discloses: basis of valuation (e.g., lower-of-cost-or-market) and the method of pricing (e.g., FIFO or LIFO) and stage of completion for manufactured inventories (i.e. raw materials, finished goods, etc.) Inventories Balance Sheet – “Current Assets” Payment of cash, that is recorded as an asset because service or benefit will be