上财CGA班中级财务会计FA2PS1课件Ch03ifrs.ppt

Accounting Information System Accounting Information System Basic Terminology Debits and Credits Debits and Credits Debits and Credits Debits and Credits Debits and Credits Summary Debits and Credits Summary The Accounting Equation Relationship among the assets, liabilities and equity of a business: Double-Entry System Illustration Double-Entry System Illustration Double-Entry System Illustration Double-Entry System Illustration Double-Entry System Illustration Double-Entry System Illustration Double-Entry System Illustration Double-Entry System Illustration Financial Statements and Ownership Structure Financial Statements and Ownership Structure The Accounting Cycle Identify and Recording Transactions 1. Journalizing 2. Posting 2. Posting 2. Posting 2. Posting 2. Posting 2. Posting 2. Posting 2. Posting 2. Posting 2. Posting 2. Posting 2. Posting 2. Posting 3. Trial Balance 4. Adjusting Entries Types of Adjusting Entries Adjusting Entries for Deferrals Deferrals are either prepaid expenses or unearned revenues. Adjusting Entries for “Prepaid Expenses” Payment of cash that is recorded as an asset because service or benefit will be received in the future. Adjusting Entries for “Prepaid Expenses” Adjusting Entries for “Prepaid Expenses” Adjusting Entries for “Prepaid Expenses” Adjusting Entries for “Prepaid Expenses” Adjusting Entries for “Prepaid Expenses” Adjusting Entries for “Prepaid Expenses” Adjusting Entries for “Prepaid Expenses” Adjusting Entries for “Prepaid Expenses” Adjusting Entries for “Prepaid Expenses” Adjusting Entries for “Prepaid Expenses” Adjusting Entries for “Prepaid Expenses” Adjusting Entries for “Unearned Revenues” Receipt of cash that is recorded as a liability because the revenue has not been earned. Adjusting Entries for “Unearned Revenues” Adjusting Entries for “Unearned Revenues” Adjusting Entries for “Unearned Revenues” Adjusting Entries for “Unearned Revenues” Adjusting Entries for Accruals Accruals are either accrued revenues or a