会计英语（简明双语版）（叶建芳丶孙红星）.doc

会计英语（简明双语版）（叶建芳丶孙红星） Ye and Sun Accounting English @2009 * ACCOUNTING ENGLISH 会计英语（简明双语版） Ye Jianfang amp; Sun Hongxing 叶建芳 孙红星 上海财经大学出版社 Ye and Sun Accounting English @2009 Ye and Sun Accounting English @2009 * Lesson 1 An Introduction to Accounting Ye and Sun Accounting English @2009 Accounting information The accounting process Decision makers Economic activities Actions (decisions) Accounting thinks decision makers with economic activities ?? and with the results of their decisions1. 1.1 Accounting is an information system Ye and Sun Accounting English @2009 * Ye and Sun Accounting English @2009 1.2 Forms of organization Sole proprietorship Owned by one person. Owner is personally responsible for business debts. Partnership Owned by two or more persons. Partners are personally responsible for all partnership debts. Corporation Owned by shares of stock. A corporation is a separate legal entity. It is responsible for its own debts. Ye and Sun Accounting English @2009 * Ye and Sun Accounting English @2009 1.3 Framework for Preparation and presentation of financial statements IASC – since 1973 IASB – since 2001 There is a growing trend to adopt accounting standards that are in harmony with international accounting standards. …… Ye and Sun Accounting English @2009 * Ye and Sun Accounting English @2009 Ye and Sun Accounting English @2009 * Some accounting concepts and principles: business entity objectivity cost principle going-concern monetary unit time period revenue recognition or realization principle matching principle full-disclosure principle consistency principle materiality principle conservatism principle Ye and Sun Accounting English @2009 Ye and Sun Accounting English @2009 * 1.4 Understanding financial statements The statement of comprehensive income (income statement) summarizes financial performance resulting from income (revenue and gains) less expenses (including losses). The statement of changes in equity reconciles changes in e