会计双语教程.pptVIP

Chapter 5 Completing the Accounting Cycle 结帐 Quick Review Accrual Basis Accounting Cash Basis Accounting Five adjustments: (1)Prepaid Expenses (2)Amortization (3)Unearned Revenue (4)Accrued Expenses (5)Accrued Revenues Learning Objectives Describe and prepare a worksheet(工作表) and explain its usefulness Describe the closing process（结账过程） ,temporary accounts and permanent accounts（虚账户和实账户） Prepare closing entries（结账分录） Explain and prepare a post-closing trial balance Lesson 1 Worksheet 工作表 The Work Sheet The worksheet is a working paper that can simplify your efforts for preparing financial statements. 工作表是供会计工作者使用以编制会计报表的工作底稿。 工作表主要反映调整前所有帐户的余额、需要调整的帐户的数额、调整后所有帐户的余额以及编制会计报表的相关信息。 The Work Sheet The work sheet contains five sets of double columns: Unadjusted trial balance Adjustments Adjusted trial balance Income statement Balance sheet and statement of owner’s equity The Work Sheet Step1:Enter Unadjusted Trial Balance To begin, list the number and title of each account from the ledger along with the account’s unadjusted trial balance. The Work Sheet Step 2: Enter Adjustments Turn over the second transparency. Step3: Prepare Adjusted Trial Balance The adjustments are prepared by combining the adjustments with the unadjusted trial balances for each account (as we did in Chapter 4) Turn over third transparency. The Work Sheet Step4: Extend Adjusted Trial Balance Amounts to Financial Statement Columns This step involves sorting the adjusted amounts into their proper financial statement columns. Turn over forth transparency. The Work Sheet Income Statement – expenses to the debit column and revenues to the credit column. Balance Sheet and Statement of O/E – Assets and withdrawals go in the debit column and the liabilities and owner’s capital to the credit column. The Work Sheet Step5: Enter Net Income (or loss) and Balance the Financial Statement Columns The difference between the debit and credit colum