ppt课件-accrual accountingandthe financial statements（权责发生制accountingandthe财务报表）.pptVIP

Accrual Accounting and the Financial Statements Chapter 3 Learning Objective 1 Relate accrual accounting and cash flows. Accrual Accounting vs Cash Basis Accounting Accrual Accounting - records the impact of a business event as it occurs Cash Basis – records only transactions in which cash is received or paid The Time-Period Concept Financial statements are prepared for specific periods and at regular intervals. Learning Objective 2 Apply the revenue and matching principles. Revenue Principle Revenue is recorded when it is earned. The amount of revenue to record is the cash value of goods tra