[会计学原理英文课件2.ppt

Exercises – Match Items to F/S Categories (1) A/R (make sales on account, on credit) (2) Purchase supplies on an open account (3) Dividend (4) Dividend Payable (5) Income Tax Expense (6) Interest Revenue (7) Prepaid Rent (8) COGS (9) Contributed Capital (10) Cash Flow from Operations (11) Wage Payable (12) Retained Earnings (13) Inventory Exercises – True/False Questions Chapter 2 Investing and Financing Decisions and the Balance Sheet Understanding the Business Learning Objectives Accounting focuses on the events that have an economic impact on the entity, called transaction. Nature of Business Transactions Nature of Business Transactions Nature of Business Transactions Accounts (帐户) Typical Account Titles Typical Account Titles Understanding the Business Learning Objectives Principles of Transaction Analysis Duality of Effects Balancing the Accounting Equation Accounts and effects Identify the accounts affected and classify them by type of account (A, L, SE). Determine the direction of the effect (increase or decrease) on each account. Balancing Verify that the accounting equation (A = L + SE) remains in balance. Balancing the Accounting Equation Summary Understanding the Business Learning Objectives How Do Companies Keep Track of Account Balances? Direction of Transaction Effects The left side of the T-account is always the debit side. The Debit-Credit Framework The Debit-Credit Framework Analytical Tool: The Journal Entry Analytical Tool: The Journal Entry Analytical Tool: The Journal Entry Analytical Tool: The T-Account After journal entries are prepared, the accountant posts (transfers) the dollar amounts to each T-account affected by the transaction. Transaction Analysis Illustrated The Accounting Cycle Learning Objectives Key Ratio Analysis Financial Leverage Ratio 2009 2010 2011 TA $395,658 $372,051 $409,000 SE $166,312 $292,133 $165,000 Financial leverage ratio for 2010