讲稿文案spiceland8e香料兰8e ch021.pptxVIP

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Chapter2ReviewoftheAccountingProcess

EconomicEventsBasicModelExternalEventsInternalEventsInvolveanexchangetransactionwithanotherentityDonotinvolveanexchangetransactionwithanotherentityCausechangesinthefinancialpositionofthecompanyLO2-1

AccountingEquationUnderliestheprocessusedtocapturetheeffectofeconomiceventsLO2-1AssetsLiabilitiesOwners’Equity=+TotalEconomicResourcesTotalClaimsEachevent,ortransaction,hasadualeffectontheaccountingequation

AccountingEquation—TransactionAnalysis1.Anattorneyinvested$50,000toopenalawoffice.LO2-1

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