会计常用名词个双语 解释.docVIP

Accounting system: The person, procedures, devices, and records used by an organization to develop accounting information and communicate that information to decision makers. Accounting equation: Assets are equal to the sum of liabilities plus owners’ equity. Assets: Economic resources owned by an entity. Account: A record used to summarize all increases and decreases in a particular asset, or any other type of asset, liabilities, owners’ equity, revenue, or expense. Accounting cycle: The sequence of accounting procedures used to record, classify, and summarize accounting information. Accrue: To grow or accumulate over time. Adjusting entries: Entries made at the end of the accounting period for the purpose of recognizing revenue and expenses that are not properly measured as a result of journalizing transactions as they occur. B Balance sheet (=statement of financial position): A position statement that shows where the company stands in financial terms at a specific date. Bank reconciliation: An analysis that explains the difference between the balance of cash shown in the bank statement and the balance of cash shown in the depositor’s records. Book value: The net amount at which an asset appears in financial statement. C Cash flow prospects: The likelihood that an enterprise will be able to provide an investor with both a return on the investor’s investment and the return of that investment. Capital stock：Transferable units of ownership in a corporation Cash dividend: A distribution of cash by a corporation to its stockholders. Closing entries: Journal entries made at the end of the period for the purpose of closing temporary accounts and transferring balances to the Retained Earning account. Current assets: Cash and other assets that can be converted into cash or used up within a relatively short period of time without interfering with normal business operations. Control account: A general ledger account that summarizes the content of a specific subsidiary ledger