会计英语知识点公式.docVIP

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会计英语知识点公式

AccountingEnglishKnowledgePointsFormula

Module1:BasicAccountingConcepts

1.1AccrualBasis

Revenueisrecognizedwhenearned,andexpensesarerecognizedwhenincurred,regardlessofcashreceiptsorpayments.

1.2CashBasis

Revenueisrecognizedwhencashisreceived,andexpensesarerecognizedwhencashispaid.

1.3MatchingPrinciple

Expensesshouldbematchedwiththerevenuestheyhelptogenerateinthesameaccountingperiod.

1.4HistoricalCostPrinciple

Assetsaregenerallyrecordedattheiroriginalcost.

1.5ConservatismPrinciple

Whentherearetwoormorepossi

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