财务会计概伦念与应用英文版lecture4.pptVIP

* * * * * * * * COPYRIGHT ? 2008 Thomson South-Western, a part of The Thomson Corporation. Thomson, the Star logo, and South-Western are trademarks used herein under license. * Chapter 4 Completing the Accounting Cycle Albrecht, Stice, Stice, Swain * Periodic Reporting Fiscal Year 12-month accounting period. Calendar Year When an entity closes its books on December 31. Beginning of Year End of Year * Accrual Accounting What do we do when transactions span more than one period? Accrual Accounting! Revenues and expenses are recorded as they are earned and incurred, not necessarily when cas