会计专业英语工业和信息化高职高专“十二五”规划教材立项项目作者孙晓媛9课案.pptVIP

Accounting English Accounting English Nine Balance Sheet and Income Statement Learning objectives 1．Format of balance sheet 2．Advantages and limitation of the balance sheet 3．Single-step income statement 4．Multiple-step income statement Nine Balance Sheet and Income Statement Words and phrases Nine Balance Sheet and Income Statement Nine Balance Sheet and Income Statement Nine Balance Sheet and Income Statement Nine Balance Sheet and Income Statement Nine Balance Sheet and Income Statement Because it will facilitate the preparation of the formal financial statements and minimize the possibility of errors. Adjusting entries usually are made on the worksheet when interim financial statements are to be prepared because it will save posting time. A worksheet usually has four sets of columns which include the trial balance columns ,adjustment columns, income statement columns and balance sheet columns. Each set of columns has a debit and credit column. The four distinct types of errors are: Failing to record or enter a particular transaction; Entering transaction more than once; Entering one or more amounts in the wrong accounts; Making a compensating error that exactly offsets the effect of another error. 2007 Annual report of WAL*MART 2007 Annual report of TESCO * * Accounting English Sunxiaoyuan E-mail: sunjimingyeye@126.com 8111326 Lesson one Lesson nine Balance Sheet and Income Statement Capture transaction data on source documents Journalize transaction Post transaction to the ledger Prepare trial balance Journalize and post adjusting entries Prepare financial statements Prepare adjusted trial balance Journalize and post closing entries Prepare post-closing trial balance Draw up a worksheet facilitate Nine Balance Sheet and Income Statement 1 Calendar Year 2 Fiscal Year Nine Balance Sheet and Income Statement Text Accounting Year Calendar year Fiscal year Text Accounting year ending with a month other