4-会计循环-调整分录(51).pptVIP

Adjusting entries help us match costs with revenues either directly by associating certain costs with specific revenues, or through the allocation process. Allocation was used to record depreciation expense in this chapter. Learning objective number 8 is to explain the concept of materiality. Generally, accountants are most concerned about amounts that are determined to be material in nature. An amount is material if it may influence the decision of an informed user of financial information.When amounts involved are not material, many companies have established a policy of expensing the amou