2015年ACCA考试《F3财务会计》辅导资料9.docVIP

2015年ACCA考试《F3财务会计》辅导资料9 本文由高顿ACCA整理发布，转载请注明出处 　　Session 4 From trial balance to financial statements? 　　Main Contents: ? 　　1.Accounting cycle ? 　　2.Balancing off ledger accounts ? 　　3.The trial balance ? 　　4.Closing off ledger accounts ? 　　5.Prepare financial statements ? 　　4.1 Accounting cycle ? 　　4.2 Balancing off a ledger account ? 　　Once the transactions for a period have been recorded, it will be necessary to find the balance on the ledger accounts: ? 　　1.Total both sides of the T account and find the larger total. ? 　　2.Put the larger total in the total box on the debit side and credit side. ? 　　3.Insert a balancing figure to the side of the T account which does not currently add up to the amount in, the total box.Call this balancing figure ‘balance c/f’ (carried forward) or “balance c/d” (carried down). ? 　　4.Carry the balance diagonally and call it “balance b/f” (brought forward) or “balance b/d” (brought down). ? 　　4.3 The trial balance ? 　　● Once all ledger accounts have been balance off a trial balance is prepared. ? 　　● A trial balance is a list of the “balance b/f” on the ledger accounts ? 　　according to whether they are on the debit or credit side. ? 　　● The trial balance will balance if for every debit entry made, an equal credit entry was made and the balances were correctly extracted and cast. ? 　　The purpose of a trial balance is: ? 　　● To check that for every debit entry made, an equal credit entry has been made ? 　　● As a first step in preparing the financial statements. ? 　　A number of adjustments will be made after the trial balance is extracted.These adjustments do not therefore appear in the trial balance. ? 　　4.4 Closing off the ledger accounts ? 　　At the year end, the ledger accounts must be closed off in preparation for the recording of transactions in the next accounting period. ? 　　● SFP ledger accounts: ? 　　Assets /liabilities at the end of a period = Assets/ liabilities at start of the next period ? 　　Balancing the account will result