[经济学]Kieso_IFRS_Ch03 - IFRS AIS.ppt

C H A P T E R 3 THE ACCOUNTING INFORMATION SYSTEM Intermediate Accounting IFRS Edition Kieso, Weygandt, and Warfield Understand basic accounting terminology. Explain double-entry rules. Identify steps in the accounting cycle. Record transactions in journals, post to ledger accounts, and prepare a trial balance. Explain the reasons for preparing adjusting entries. Prepare financial statement from the adjusted trial balance. Prepare closing entries. Learning Objectives Identifying and recording Journalizing Posting Trial balance Adjusting entries Adjusted trial balance Preparing financial statements Closing Post-closing trial balance Reversing entries Summary Accounting Information System The Accounting Cycle Financial Statements For Merchandisers Basic terminology Debits and credits Accounting equation Financial statements and ownership structure Income statement Statement of retained earnings Statement of financial position Closing entries The Accounting Information System Collects and processes transaction data. Disseminates the information to interested parties. Accounting Information System Accounting Information System (AIS) How much and what kind of debt is outstanding? Were sales higher this period than last? What assets do we have? What were our cash inflows and outflows? Did we make a profit last period? Are any of our product lines or divisions operating at a loss? Can we safely increase our dividends to shareholders? Is our rate of return on net assets increasing? Accounting Information System Helps management answer such questions as: Basic Terminology LO 1 Understand basic accounting terminology. Event Transaction Account Real Account Nominal Account Ledger Journal Posting Trial Balance Adjusting Entries Financial Statements Closing Entries Debits and Credits LO 2 Explain double-entry rules. An Account shows the effect of transactions on a given asset, liability, equity, revenue, or expense account. Double-entry accounting system (two-s