基础会计学第四单元课件英文版

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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,*,编辑版pppt,*,4-,*,4-,*,Click to edit Master title style,Click to edit Master text styles,Second level,Third level,Fourth level,Fifth level,*,编辑版pppt,*,4-,*,Click to edit Master title st

2、yle,Click to edit Master text styles,Second level,Third level,Fourth level,Fifth level,单击此处编辑母版标题样式,单击此处编辑母版文本样式,二级,三级,四级,五级,编辑版pppt,*,会计学,1,Fundamental Financial Accounting 1,Instructor:Dr.Xiaoyan Lu,Email:,,Tel:84114272,1,编辑版pppt,STUDY OBJECTIVES,After studying this chapter,you should understand:,

3、CHAPTER 4,COMPLETE THE ACCOUNTING CYCLE,How to prepare a worksheet,Steps in the accounting cycle,The closing process,Correcting entries,The post-closing trial balance,The classified balance sheet,2,编辑版pppt,A,work sheet,is a multiple-column form that may be used in the adjustment process and in prepa

4、ring financial statements.,It is an,optional,tool,-,not a permanent record.,Adjustments are journalized and posted from the work sheet after financial statements are prepared.,STUDY OBJECTIVE 1,PREPARING A WORKSHEET,3,编辑版pppt,Benefits of a Work Sheet,Aids the preparation of financial statements.,Red

5、uces possibility of errors.,Links accounts and their adjustments.,Assists in planning and organizing an audit.,Helps in preparing interim financial statements.,Shows the effects of proposed transactions.,Not a required report.,P 1,4,编辑版pppt,1.,2.,3.,4.,Prepare a,Enter,Enter,Extend adjusted balances

6、to,trial balance,adjustment,adjusted,appropriate statement columns,on the,dates,balances,5.,work sheet,Total the statement columns,compute net income(or net,loss),and complete work sheet,Work Sheet,Adjusted,Income,Balance,Account,Trial Balance,Adjustments,Trial Balance,Statement,Sheet,Titles,Dr.,Cr.

7、,Dr.,Cr.,Dr.,Cr.,Dr.,Cr.,Dr.,Cr.,(Ledger,account,titles),(Additional,account titles,for,adjustments),FORM AND PROCEDURE,FOR A WORK SHEET,5,编辑版pppt,1,Prepare a trial balance on the worksheet,2,Enter the adjustments in the adjustments columns,3,Enter adjusted balances in the adjusted trial balance col

8、umns,4,Extend adjusted trial balance amounts to the F/S columns,5,Total F/S columns,compute net income or loss,and complete the worksheet,STEPS IN PREPARING A WORKSHEET,6,编辑版pppt,FastForwardWorksheetFor the Month Ended December 31,2013,P 1,7,编辑版pppt,STUDY OBJECTIVE 2 The Closing Process,Resets reven

9、ue,expense,and withdrawal account balances to zero at the end of the period.,Helps summarize a periods revenues and expenses in the,Income Summary,account.,C 1,8,编辑版pppt,Permanent Accounts,Assets,Liabilities,Owners Capital,Temporary andPermanent,Accounts,The closing process applies only to temporary

10、 accounts.,C 1,9,编辑版pppt,Lets see how the closing process works!,Recording Closing Entries,Close Credit Balances in Revenue Accounts to Income Summary.,Close Debit Balances in Expense accounts to Income Summary.,Close Income Summary account to Owners Capital.,Close Withdrawals to Owners Capital.,P 2

11、,10,编辑版pppt,Using the adjusted trial balance,lets prepare the closing entries for FastForward.,P 2,11,编辑版pppt,1.Close Credit Balances in Revenue Accounts to Income Summary.,P 2,12,编辑版pppt,Close Credit Balances inRevenue Accounts to Income Summary,Now,lets look at the ledger accounts after posting th

12、is closing entry.,P 2,13,编辑版pppt,P 2,Close Credit Balances inRevenue Accounts to Income Summary,14,编辑版pppt,2.Close Debit Balances in Expense Accounts to Income Summary.,P 2,15,编辑版pppt,Now,lets look at the ledger accountsafter posting this closing entry.,Close Debit Balances in Expense Accounts to In

13、come Summary,P 2,16,编辑版pppt,Net Income,Close Debit Balances in Expense Accounts to Income Summary,P 2,17,编辑版pppt,3.Close Income Summary to Owners Capital,.,P 2,18,编辑版pppt,Now,lets look at the ledger accountsafter posting this closing entry.,Close Income Summaryto Owners Capital,P 2,19,编辑版pppt,P 2,Cl

14、ose Income Summaryto Owners Capital,20,编辑版pppt,4.Close Withdrawals Account to Owners Capital.,P 2,21,编辑版pppt,Now,lets look at the ledger accountsafter posting this closing entry.,Close Withdrawals Accountto Owners Capital,P 2,22,编辑版pppt,P 2,Close Withdrawals Accountto Owners Capital,23,编辑版pppt,Summa

15、ry of the Closing Process,Close Credit Balances in Revenue Accounts to Income Summary.,Close Debit Balances in Expense Accounts to Income Summary.,Close Income Summary to Owners Capital.,Close Withdrawals Account to Owners Capital.,24,编辑版pppt,Lets look at FastForwardspost-closing trial balance.,Post

16、-Closing Trial Balance,List of permanent accounts and their balances after posting closing entries.,Total debits and credits must be equal.,P 3,25,编辑版pppt,Post-Closing Trial Balance,P 3,26,编辑版pppt,Accounting Cycle,C 2,27,编辑版pppt,Current items are those expected to come due(both collected and owed)within the longer of one year or the companys normal operating cycle.,Classified Balance Sheet,C 3,28,编辑版pppt,Current assets are expected to be sold,collected,or used within one year or the companys ope