现金收付制和权发生制.pptVIP

Team Leader: Laurel Teammates: Judy, Michelle, Lydia, Wendy, Sylvia Sylvia  Michelle 权责发生制和收入确认 Key words and phrases Component—part 组成部分 Complications—problems 复杂的问题 Illustrate—show 举例说明 Lease—hire for an extend period 租赁 Projected sales—forecast sales 计划销售量 Generate—produce 产生 Fraudulent—criminal 欺诈行为 Manipulate—change for your own benefit 操控 Fictitious—made up, unreal 虚假的 Instance—case, event 实例 Incur/incurred—when some event happens 导致 Receipt—proof of payment 收据 Invoice—proof of credit transaction发票，销售清单 Accounts receivable/debtors-credit customers who owe you money for inventory sales 应收账款 Accounts payable/creditors—credit suppliers who you owe money to for inventory purchases 应付账款 Accrual/accrued expense—an expense that has been incurred but the actual amount is not yet known eg. telephone bill 预提费用 Deduct—subtract, take away 扣除 Depreciation—spreading cost of a fixed asset over its estimated useful economic life 折旧 Capital Allowance—full cost of purchasing a fixed asset can be treated as a expense for tax purpose only 资产的税务津贴 Valid—acceptable 有效的 Exceed—become greater 超出 Give/given/giving rise to-causing引起，导致 Criteria—rule, condition, constraint 标准 FASB(1984)SFAC No.1 ALL listed companies in china and elsewhere are required to use accrual accounting. The main implications of this are that reported net income and net cash flow for a period will usually be different. Also, accounting profit and taxable profit will usually not be the same. Question Definitions You are provided with the following information for the financial year of a business. · Cash received from customers 100,000 Cash paid to suppliers of inventory 70,000 Beginning accounts receivable 8,000 Ending accounts receivable 10,000 Beginning accounts payable 6,000 Ending accounts payable 7,000 Unpaid bill at the year end 5,000 Depreciation charge for the year 3,000 Expenses paid in cash 20,000(including payments in advance of 2,000) [ignore inventory]