Module财务会计入门英文版课件

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1、Click to edit Master title style,Click to edit Master text styles,Second level,Third level,Fourth level,Fifth level,Learning Objectives,Explain what an account is and how it helps in the recording process.,Define debits and credits and explain how they are used to record accounting transactions.,Exp

2、lain what a journal is and how it helps in the recording process.,Explain what a general ledger is and how it helps in the recording process.,Explain what posting is and how it helps in the recording process.,Explain the purpose and limitations of a trial balance.,Learning ObjectivesExplain wha,Even

3、t Analysis Summary(Review),An economic event is analysed.,If recognised,the event will be two-sided,affecting assets,liabilities and/or equity.,Before,during,and after recognition,there is equality in terms of the accounting equation,Event Analysis Summary(Review,Record of increases and decreases in

4、 a specific asset,liability,equity,income,or expense,item,.,Account,An Account can be illustrated in a T-Account form.,LO 1:The Account,Debit=“Left”,Credit=“Right”,Record of increases and decrea,If Debits are,greater than,Credits,the account will have a debit balance.,$10,000,Transaction#2,$3,000,$1

5、5,000,8,000,Transaction#3,Balance,Transaction#1,LO 1:The Account,If Debits are greater than Cre,If Credits are,greater than,Debits,the account will have a credit balance.,$10,000,Transaction#2,$3,000,Balance,Transaction#1,LO 1:The Account,$1,000,8,000,Transaction#3,If Credits are greater than De,Dou

6、ble entry system:,Each recordable event,affects,at least two accounts.,The increase or decrease to an account is recorded with a debit or a credit,depending on the account.,For each recordable event,total dollar debits must equal total dollar credits.,LO 2:Debits and Credits,Double entry system:LO 2

7、:Deb,Rules of double entry bookkeeping:,A=L+OE,A=L+Share Capital+Income Expenses Dividends,Assets are on the left,so increase them with debits.,Liabilities and equity are on the right,so increase them with credits.,Equity is increased with share capital and income(including revenues),so increase the

8、se accounts with credits.,But expenses and the“Dividends”account decrease equity,so increase these accounts with debits.,LO 2:Debits and Credits,Rules of double entry bookkeep,Normal Balance,Credit,Normal Balance,Debit,LO 2:Debits and Credits,Normal Balance CreditNormal Ba,Issuance of share,capital,

9、reserves,and,income,increase equity(credit).,Dividends,and,expenses,decrease equity(debit).,LO 2:Debits and Credits,Issuance of share capital,res,What is the“normal”balance of each of the following accounts?,Advertising Expense.,Dividend Revenue.,Dividends Receivable.,Share Capital.,Dividends.,Divid

10、ends Payable.,LO 2:Debits and Credits,CreditsBE2-1,p.78(adapted),What is the“normal”balance o,Debits:,increase,both assets and liabilities.,decrease both assets and liabilities.,increase assets and decrease liabilities.,decrease assets and increase liabilities.,Review Question,LO 2:Debits and Credit

11、s Summary,Debits:,increase both assets and liabilities.,decrease both assets and liabilities.,increase assets and decrease liabilities.,decrease assets and increase liabilities.,Debits:Review QuestionLO 2:De,Business,documents,such as,an invoice,a cheque,or,a cash register tape,provide evidence of a

12、 recordable event,.,Journal=book of original entry,.,Events are,recorded in,the journal in chronological,order.,Journals contributions,to the recording process:,Discloses the complete effects of,an event.,Provides a chronological,record.,Helps to prevent or locate errors because the debit and credit

13、 amounts can be easily compared.,LO 3:Journalising,Business documents,such as an,For each part of a recordable event,first determine the appropriate account affected(conceptual framework/residual analysis),then apply the rules of debit and credit:,1.The,_,account has,incr/decr,which,incr/decr,A,L,or

14、 OE,.,2.An,incr/decr,to,A,L,or OE,is recorded with a,DR/CR,.,3.Therefore,DR/CR,the,_,account.,LO 3:Journalising,For each part of a recordable,Share capital,Journalizing,Simple journal entries.,On,September 1,stockholders invested$15,000 cash in exchange for ordinary shares,and Softbyte purchased com

15、puter equipment for$7,000 cash.,Cash,Sept.1,15,000,15,000,General Journal,Computer equipment,Cash,7,000,7,000,Illustration 2-14,LO 3:,Journalising,Share capitalJournalizing Si,8,000,Delivery equipment,Cash,14,000,6,000,Accounts payable,Sept.1,On,July 1,Butler Company,purchased,a delivery truck costi

16、ng$14,000.It,paid,$8,000 cash,and agreed,to pay the remaining$6,000 on account.,General Journal,Illustration 2-15,Compound Journal Entry,LO 3:,Journalising,8,000Delivery equipmentCash14,LO 3:Journalising,BE2-5,p.79(adapted,),LO 3:Journalising,General Ledger,Contains all,accounts maintained by a,business.,All asset,liability,equity,income,and expense accounts.,LO,4:The Ledger,Illustration 2-16,General Ledger LO 4:The Ledge,LO 4:The Ledger,Illustration 2-18,Chart of Accounts,LO 4:The LedgerIllustr