ppt07 Liabilities 会计英语(第四版) 教学课件
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Liabilities
New Words and Special Terms
1. frame [freɪm]
n.
2. segregation [;segrɪ'geɪʃn] n.
3. vendor ['vendə]
n.
4. obligation [;ɒblɪ'geɪʃn] v.
5. promissory ['prɒmɪsərɪ] a.
6. specify ['spesɪfaɪ]
v.
7. command [kə'mænd] v.
结构，框架 隔离，分开 卖家，小贩 义务，债务 约定的，约好的 具体指定，明确说明 赢得，控制
8. subscription [səb'skrɪpʃn] n.
订阅
9. contingent [kən'tɪndʒənt] a. 可能发生的
until the event that confirms the liability occurs. 6. Contingent liabilities are recorded as actual liabilities only if it is probable and its amount can be ___________.
Section Liabilities
9
Part 2 Intensive Reading
Current Liabilities
II. Complete the following statements according to the passage.
Exercises
1. Current liabilities are amounts payable within one year from the date of the balance sheet or within the normal___________, where this is longer than a year.
1. frame [freɪm]
n.
2. segregation [;segrɪ'geɪʃn] n.
3. vendor ['vendə]
n.
4. obligation [;ɒblɪ'geɪʃn] v.
5. promissory ['prɒmɪsərɪ] a.
6. specify ['spesɪfaɪ]
v.
7. command [kə'mænd] v.
结构，框架 隔离，分开 卖家，小贩 义务，债务 约定的，约好的 具体指定，明确说明 赢得，控制
8. subscription [səb'skrɪpʃn] n.
订阅
9. contingent [kən'tɪndʒənt] a. 可能发生的
until the event that confirms the liability occurs. 6. Contingent liabilities are recorded as actual liabilities only if it is probable and its amount can be ___________.
Section Liabilities
9
Part 2 Intensive Reading
Current Liabilities
II. Complete the following statements according to the passage.
Exercises
1. Current liabilities are amounts payable within one year from the date of the balance sheet or within the normal___________, where this is longer than a year.
会计英语PPT(完成版) Chapter 10- Liabilities
A term loan is a monetary loan that is repaid in regular payments over a set period of time. The lender is usually a bank or an insurance company. A term loan usually involves an unfixed interest rate that will add additional balance to be repaid.
2
of
10
1
Current Liabilities
Current liabilities are those that are due or payable within one year or current operation cycle, whichever is longer. For instance, accounts payable, notes payable, taxes payable, accrued expenses, deferred revenues, and current portions of long-term debts are all current liabilities.
Accounts payable are money owed by a business to its suppliers shown as a liability on a company’s balance sheet.
Accounts payable mainly refer to trade payables, payables for the purchase of physical goods that are recorded in inventory.
会计英语ppt课件
Cui Zhe School of Business Nantong University
OBJECTIVE
• To ensure you have the skills necessary to produce an excellent dissertation
STRUCTURE
• From developing the idea to presenting the completed piece of research
COURSE OUTLINE
Part 1:Research Methods in ACC/FIN
Part 2: Basic Theoretical Issues in ACC/FIN
Part 3: Special Topic in ACC/FIN
ACC/FIN RESEARCH METHODS
INTRODUCTION TO RESEARCH
• Findings will be tentative • Human beings are complex we can only model part of
their behaviour • They are not consistent • They learn • Data are always difficult and expensive to obtain • Linearity is often misleading asymmetry, big vs small
GETTING STARTED
• Don’t rush • Choose something you are interested in • Something which is useful to the rest of your
OBJECTIVE
• To ensure you have the skills necessary to produce an excellent dissertation
STRUCTURE
• From developing the idea to presenting the completed piece of research
COURSE OUTLINE
Part 1:Research Methods in ACC/FIN
Part 2: Basic Theoretical Issues in ACC/FIN
Part 3: Special Topic in ACC/FIN
ACC/FIN RESEARCH METHODS
INTRODUCTION TO RESEARCH
• Findings will be tentative • Human beings are complex we can only model part of
their behaviour • They are not consistent • They learn • Data are always difficult and expensive to obtain • Linearity is often misleading asymmetry, big vs small
GETTING STARTED
• Don’t rush • Choose something you are interested in • Something which is useful to the rest of your
大学课程《会计英语》PPT课件：Chapter 7 Unit 2
Bond Certificate
A bond certificate is issued to the investor to provide evidence of the investor’s claim against the company.
The bond certificate provides information such as the name of the company that issued the bonds, the face value of the bonds, the maturity date of the bonds, and the contractual interest rate.
The issuance of bonds payable is the equivalent of splitting a large loan into a great many units, called bonds. Each bond is, in essence, a long-term interest-bearing note payable.
Interest Rate, Face Value and
Maturity Date
Usually the contractual rate is stated as an annual rate, and interest is generally paid semiannually. The face value is the amount due at the maturity date. The maturity date is the date that the final payment is due to the investor from the issuing company.
《会计英语—财务会计(双语版·第四版)》教师教学课件全编
c. Which information is relevant for a particular type of decision that is being made.
d. All of the above.
3. External users of financial accounting information include all of the following except:
a. The nature of economic activities that accounting information describes.
b. The assumptions and measurement techniques revolved in developing accounting information.
c. Useful for decision making.
d. Used by business, government, nonprofit organizations, and
individuals.
2. To understand and use accounting information in making economic decisions, you must understand:
ACCOUNTIG ENGLISH
Financial Accounting
（Bilingual Edition·Fourth Edition）
会计英语
财务会计 （双语版·第四版）
Part One
Accounting Theory
—Concepts and Framework
Chapter One
d. All of the above.
3. External users of financial accounting information include all of the following except:
a. The nature of economic activities that accounting information describes.
b. The assumptions and measurement techniques revolved in developing accounting information.
c. Useful for decision making.
d. Used by business, government, nonprofit organizations, and
individuals.
2. To understand and use accounting information in making economic decisions, you must understand:
ACCOUNTIG ENGLISH
Financial Accounting
（Bilingual Edition·Fourth Edition）
会计英语
财务会计 （双语版·第四版）
Part One
Accounting Theory
—Concepts and Framework
Chapter One
会计英语第七单元课件
2 This flow of data is the same in either a manual or a computerized accounting systems. 3 small companies: may not be necessary 4 work sheet is a useful device for understanding the flow of the accounting data from the unadjusted trial balance to the financial statements.
250
250
50 43400
50 9755 16960 33645
50 26440
Income statement : Cr. $16960 – Dr. $9755 = $7205 (net income) Balance sheet: Dr. $33645 – Cr. $26440 = $7205 $7205 + $26440 = $33645 (net income increases OE)
4000
16340 4275 250 500
1600
985
15Supplies 800 expense 16 Misc. 455 Expense 17 Total 42600 42600 18Insuranc e expense 19 Rent revenue
1240
100
120
20Wages payable 21Depreciation expense 22Accumulated Depreciation Total
Unit Seven Accounting Cycle
ppt07 Liabilities 会计英语(第四版) 教学课件
8
Interest Payable Example
What entry would Porter Company make on December 31, the fiscal year-end?
D ate
D es c rip tio n
D eb it
C red it
YE SUN AccountingEnglish
income tax payable of $9,000.
Income
Tax
Statement Return Difference
Revenues Less:
Depreciation Other expenses
$ 1,000,000 $1,000,000 $
-
200,000 650,000
320,000 650,000
payable is recorded in an account called
deferred taxes.
YE SUN AccountingEnglish
15
Deferred Income Taxes Example
Examine the December 31, 1998 information for X-Off Inc.
taxes following tax
law.
YE SUN AccountingEnglish
14
Deferred Income Taxes
GAAP is the set of rules for preparing financial statements.
The tax law is the set of rules for preparing
会计专业英语 Lesson Seven 第七课 课件 教案
• A typical sequence of events • 典型的顺序如 is as follows: 下： • （1）A request for a • （1）当需要购 purchase,called a purchase 买某些商品或 requisition,is initiated by the 者某些存货的 person in charge of 数量低于再定 merchandise stock records 货点时，负责 whenever certain items are 存货记录的人 needed or when quantities of 员可填写请购 certain merchandise fall 单交购货部门。 below established reorder points.The requisition is forwarded to the purchasing department.
• 1月1日 • 销售商品$5000给K· 奥 利森，发票#101，付款 提货，到达站交货，货 到收运费。收到奥利森 的支票计$4800，即已 减去由他代付给承运商 的运费$200后的净额。
• 借：现金 4800 • 销货运费 200 • 贷：销货 5000 • （记入现金收入日记账）
New Words, Phrases and Special Terms
LESSON SEVEN
AN ILLUSTRATION 实例
• We shall list a few • 我们将列举若干 transactions to demonstrate 笔交易来说明它 how they are recorded in 们是怎样记录在 the several journals 第六课所表述的 mentioned in Lesson Six. 那几种日记账中 Pay attention to the credit 的。请注意各笔 terms involved in respective 交易中包含的赊 transactions. Note that cash 账条件。并请注 discounts are calculated on 意：现金折扣是 the billed price of 根据在每笔购货 merchandise retained in a 或销货中留下的 purchase or sale-not on 商品发票价格计 amounts representing 算的，不涉及表 returns and allowances or 示退货、折让或 transportation costs. 运输费用的金额。
Unit 7 Liabilities
Trade accounts payables consist of 由…组成 those liabilities which are related to the trade of the business. 应付贸易账款是由和商业贸易有关 的负债所组成的。 Liability to pay for goods or services which have been received and invoiced from supplier with the agreed timing and amount and for which there was not a promissory note (期票，本票). ① Trade payables are owned to suppliers of goods and services, e.g. raw materials’ supplier, or telephone company, electricik loans 银行贷款
Bank loan is a fixed amount for a fixed term with regular fixed repayments. ① When a loan is being repaid over a period longer than one year, the amount outstanding 未偿付余额 will be split in the statement of financial position. Payment < 1yr as current liabilities, the balance shown under non-current liabilities.
Learning objectives
会计学英文版ppt课件
managers and other users of its financial statements.The
accounts within the chart of accounts are numbered for use
as references.
Balance Sheet Accounts
accounts.
Prepare an unadjusted trial
balance and explain how it can be used to discover errors.
Using Accounts to Record Transactions
As a result,accounting systems are designed to show the increases and decreases in each accounting equation element as a separate record.This record is
accounts.
Describe and illustrate
journalizing transaction using the double-entry
accounting system.
Describe and illustrate the journalizing and
posting of transactions to
Examples ——wages expense, rent expense, utilities expense, supplies expense, and miscellaneous expense.
A chart of accounts should meet the needs of a company’s
accounts within the chart of accounts are numbered for use
as references.
Balance Sheet Accounts
accounts.
Prepare an unadjusted trial
balance and explain how it can be used to discover errors.
Using Accounts to Record Transactions
As a result,accounting systems are designed to show the increases and decreases in each accounting equation element as a separate record.This record is
accounts.
Describe and illustrate
journalizing transaction using the double-entry
accounting system.
Describe and illustrate the journalizing and
posting of transactions to
Examples ——wages expense, rent expense, utilities expense, supplies expense, and miscellaneous expense.
A chart of accounts should meet the needs of a company’s
CHAPTER6 《会计英语》
Unit 2 Non-current Liabilities
➢BONDS PAYABLE. ➢When a corporation needs to raise a large amount of long-term capital, it generally sells additional shares of capital stock or issues bonds payable. The issuance of bonds payable is the equivalent of splitting a large loan into a great many units, called bonds. Each bond is, in essence, a long-term interest-bearing note payable.
Special Terms
3. debenture bond 信用债券、无担保债券,一种普通的公司债券,发行时不 以有形资产作为抵押品或作为留置(lien)。由于信用债券没有抵押品作为担保, 因而需在债券契约中列有一些保护性条款,如保持一定的流动比率,在无能力支 付利息时,所发行债券即作为到期债券,持券人可以要求公司立即还本,公司若再 发行债券,持券人对发行者的资产有优先权等。 4. credit ratings 信用等级评定。有专门的征信机构,如美国的Dun & Bradstreet公司, 专门从事这种业务。信用好的公司容易以某种优惠条件取得 借款,或通过发行信用债券融资。信用不好的公司在融资时将会受到限制。
06CHAPTER
Liabilities
ห้องสมุดไป่ตู้
UNIT
01
Current Liabilities
会计英语(第四版)(完整教资)
第一章会计总论学习目标：1.了解会计信息系统2.应用公认会计准则3.了解财务报表4.运用会计要素5.运用会计等式6.了解会计及其环境本章讨论不同的使用者对会计信息的需求，介绍不同实体对会计职业的影响、会计职业道德及职业行为准则。
本章也将对公认会计准则以及一些相关概念和原则进行解释。
本章将介绍会计等式：资产＝负债＋所有者权益，并逐一定义会计等式中的每个要素，举例分析不同业务对会计等式的影响。
同时，本章还将简单介绍财务报表。
1.1 会计是一个信息系统我们通常把会计描述为一个信息系统。
作为一个信息系统，会计计量经济活动，将信息编制成财务报表，并将财务报表传达给决策者。
会计的范围包括：确认经济事项，进行计量、记录、汇总，并把信息报告给使用者。
会计所涵盖的范围要大于簿记。
图表1－1是信息在会计系统内的流转图。
簿记是对交易和事件的记录，只是会计的一部分。
会计还包括对会计信息的分析和阐述，以帮助财务报表的外部和内部的使用者制定各项经济决策。
决策制定经济业务财务报告图表1-1 会计信息流转会计信息使用者主要是投资者和债权人，政府，工会，普通公众也会使用会计信息。
1.2 组织形式企业有三种组织形式：个人独资企业是指由一个自然人投资拥有的企业组织。
个人独资企业是一个会计实体，但并不是法律实体个人独资企业的所有者对企业的债务承担无限责任，这也是个人独资企业的一个主要缺点。
合伙企业与个人独资企业的区别只在于它有两个或两个以上的所有者。
合伙企业的所有者被称为合伙人。
现实商业活动中有许多不同类型的合伙企业。
公司是依据当地法律注册成立的单独实体；公司的所有者被称为股东。
股东不对公司的债务负责。
有限责任是公司这种组织形式的一个显著优点。
公司的所有权被分为股份。
股份可以在所有者之间转让。
1.3 编报财务报表的框架由于各个国家的法律和经济环境不同，各国有不同的会计模式。
在一个国家可行的会计实务在另一个国家并不一定可行。
由于各国的会计模式不同，所以我们需要制定一个互相协调的会计标准：用全球通用的会计语言来传达相关的且可靠的会计信息。
会计英语课件：Liabilities
▪ Interest—the cost of borrowing— accrues with the passage of time.
▪ When companies enter into long-term financing agreements, they may become committed to paying large amounts of interest for many years to come. At any balance sheet date, however, only a small portion of this total interest obligation represents a “liability”.
2
n/a = 466.7 + (466.7) n/a - 466.7 = (466.7) n/a
Assets Cash (1)9 300 Bal. 9 300
=
Liabilities
+
Equity
Notes Payable
Interest Expense
(1)10 000
(2)466.7
Bal. 10 000
▪ Amounts owed to someone else which are payable after one year. Examples include:
▪ (1) Long term loans;
▪ (2) Debentures, which are long term loans secured on the business assets. This means if the business fails to repay back the loan on time the business assets are at risk.
会计英语ppt课件
• When you have got your topic set up a research Plan – what do you need to do how long will it take?
– A Gantt chart is helpful – record progress against plan
• We thought this surprising and wanted to see whether it applied elsewhere, particularly to the euro area and also to Australia and New Zealand, or whether it was due to something peculiar to the UK
• We measure expectations by interest rate futures prices
• We look at the behaviour of the Bank of England, the Eurosystem and the Reserve Banks of Australia and New Zealand for as long as they have been announcing decisions
Ideal characteristics
– Fills a gap within the research topic – Improves our understanding of the research topic – Relevance to firms / practitioners / regulators – “Researchable” – Theory driven
– A Gantt chart is helpful – record progress against plan
• We thought this surprising and wanted to see whether it applied elsewhere, particularly to the euro area and also to Australia and New Zealand, or whether it was due to something peculiar to the UK
• We measure expectations by interest rate futures prices
• We look at the behaviour of the Bank of England, the Eurosystem and the Reserve Banks of Australia and New Zealand for as long as they have been announcing decisions
Ideal characteristics
– Fills a gap within the research topic – Improves our understanding of the research topic – Relevance to firms / practitioners / regulators – “Researchable” – Theory driven
会计英语课件 Unit 7 Liabilities
Accounts payable
$10,000
Assets =
Liabilities
+
Owner’s equity
Rev.
_
Exp.
=
Net Inc.
Cash Flow
10,000 = 10,000 +
_
=
10,000
OA
Read 7.1.2 and answer: 1 When are notes payable issued? 2 Is there a mistake in the entries? How to correct them?
Warming up
Your credit card balance is probably due within a short time, such as 30 days. Such liabilities that are to be paid out of current assets and are due within a short time, usually within one year, are called current liabilities. Most current liabilities arise from two basic transactions: 1. Receiving goods or services prior to making payment. 2. Receiving payment prior to delivering goods or services.
Notes payable
Notes payable are issued whenever bank loans are obtained. Notes payable usually required the borrower to pay an interest charge .Under normal conditions, the interest rate is stated separately from the principal amount of the note.
会计英语ppt课件
2. We show that behaviour is clearly asymmetric over the economic cycle with much stronger reactions in growth than in downturns
3. We show a second asymmetry in that markets do not respond in the same way to positive as they do to negative shocks
Cui Zhe School of Business Nantong University
OBJECTIVE
• To ensure you have the skills necessary to produce an excellent dissertation
STRUCTURE
• From developing the idea to presenting the completed piece of research
• Over-riding theme BE METHODICAL
• When you get to the literature review take careful notes – set up some sort of filing system
– It is your choice whether it is electronic, physical or a combination but Endnote is useful for references
GETTING STARTED
• Don’t rush • Choose something you are interested in • Something which is useful to the rest of your
3. We show a second asymmetry in that markets do not respond in the same way to positive as they do to negative shocks
Cui Zhe School of Business Nantong University
OBJECTIVE
• To ensure you have the skills necessary to produce an excellent dissertation
STRUCTURE
• From developing the idea to presenting the completed piece of research
• Over-riding theme BE METHODICAL
• When you get to the literature review take careful notes – set up some sort of filing system
– It is your choice whether it is electronic, physical or a combination but Endnote is useful for references
GETTING STARTED
• Don’t rush • Choose something you are interested in • Something which is useful to the rest of your
《会计英语第四版》课件单元2
business to be converted into other assets
or consumed, in the normal course of
business, within one year.
• (2) Fixed Assets are long life assets
normally acquired by a business to be
60 000
Equity
John’s Capital
60 000
$60 000
2.3 The Two Sections of a Balance Sheet
• A Balance Sheet is divided into two sections.
The totals of each section of the Balance
The two items affected are:
(1) Motor Vehicle(+ $16 000);
(2) Cash(-$16 000).
Each item must have its own record i.e. “account” in the
books (ledgers) of the business.
capital, the owners stake in the business.
• 2.11 Recording Business Transactions
• The Balance Sheet and other final
accounts of a business are drawn up at
liquidity, which means the most temporary assets (cash)
or consumed, in the normal course of
business, within one year.
• (2) Fixed Assets are long life assets
normally acquired by a business to be
60 000
Equity
John’s Capital
60 000
$60 000
2.3 The Two Sections of a Balance Sheet
• A Balance Sheet is divided into two sections.
The totals of each section of the Balance
The two items affected are:
(1) Motor Vehicle(+ $16 000);
(2) Cash(-$16 000).
Each item must have its own record i.e. “account” in the
books (ledgers) of the business.
capital, the owners stake in the business.
• 2.11 Recording Business Transactions
• The Balance Sheet and other final
accounts of a business are drawn up at
liquidity, which means the most temporary assets (cash)
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YE SUN AccountingEnglish
12
Unearned Revenue
Cash is sometimes collected from the customer before the revenue is actually earned.
As the earnings process is
D a te
D e s c rip tio n
1 -N o vC a s h
N o teP a y a b le
D e b it
C re d it
1 0 ,0 0 0
1 0 ,0 0 0
YE SUN AccountingEnglish
7
Interest Payable
Interest expense is the compensation to the lender for giving up the use of money for a period of time.
of 12.0% per annum.
signed John Caldwell
title
treasurer
YE SUN AccountingEnglish
6
Notes Payable
On November 1, 1999, Porter Company would make the following entry.
The liability is called interest payable.
To the lender, interest is a revenue.
To the borrower, interest is an expense.
Interest Rate Up!
YE SUN AccountingEnglish
Lesson 7
Liabilities
YE SUN AccountingEnglish
1
The Nature of Liabilities
Defined as debts or obligations arising from past transactions or
events.
Maturity = 1 year or less
In teres t P a y a b le
D eb it
C red it
2 0 0
2 0 0
$10,000 ´ 12% ´ 2/12 = $200
YE SUN AccountingEnglish
10
Payroll Liabilities
Employers incur several
expenses and liabilities from
completed . . .
Cash is received
in advance.
Deferred revenue is recorded.
Earned revenue is recorded.
YE SUN AccountingEnglish
13
Deferred Income Taxes
Corporations pay income
9
Interest Payable Example
On December 31, Porter Company would record interest payable with the following
entry:
D ate
D es c rip tio n
3 1 -D ecIn teres t E x p en s e
Maturity > 1 year
Current Liabilities
Noncurrent I.O.U. Liabilities
YE SUN AccountingEnglish
2
Distinction Between Debt and Equity
The acquisition of assets is financed from two sources:
taxes following tax
law.
YE SUN AccountingEnglish
14
Deferred IncomFra bibliotek TaxesGAAP is the set of rules for preparing financial statements.
The tax law is the set of rules for preparing
DEBT
EQUITY
Funds from creditors, with
Funds from
a definite due date, and
owners
sometimes bearing
interest.
YE SUN AccountingEnglish
3
Notes Payable
PROMISSORY NOTE
8
Interest Payable Example
What entry would Porter Company make on December 31, the fiscal year-end?
D ate
D es c rip tio n
D eb it
C red it
YE SUN AccountingEnglish
Miami, Fl Location
Nov. 1, 1999 Date
Six months after this date
Porter Company
promises to pay to the order of Security National Bank
the sum of
$10,000.00
with interest at the rate
having employees.
YE SUN AccountingEnglish
11
Payroll Liabilities
Gross Pay
Net Pay
Personal in come Taxes
Housing fund
Unemployment Voluntary Insurance,etc. Deductions
tax returns.
Results in . . .
Usually. . .
Financial statement income tax expense.
Results in . . .
income taxes payable.