《工学acctchap》ppt课件

《《工学acctchap》ppt课件》由会员上传分享，免费在线阅读，更多相关内容在教育资源-天天文库。

1、ChapterTwoAccountingforAccruals2-2AccrualAccountingVirtuallyallofthemajorcompaniesoperatingintheUnitedStatesuseaccrualaccounting.Let’sdemonstrateaccrualaccountingbydescribingseveneventsthatrelatetoacompanynamedConnerConsultants.2-3LO1Recordbasicaccrualeventsina

2、horizontalfinancialstatementsmodel.2-4Event1:ConnerConsultantswasstartedonJanuary1,2008,whenitacquired$5,000cashbyissuingcommonstock.Increaseassets(cash).Increasestockholders’equity(commonstock).AssetSourceTransaction2-5Event2:During2008,ConnerConsultantsprovid

3、ed$84,000ofconsultingservicestoitsclientsbutnocashhasbeencollected.Increaseassets(accountsreceivable).Increasestockholders’equity(retainedearnings).AssetSourceTransaction2-6Event3:Connercollected$60,000cashfromcustomersinpartialsettlementofitsaccountsreceivable

4、.Increaseassets(cash).Decreaseassets(accountsreceivable).AssetExchangeTransaction2-7Event4:Theinstructorearnedasalaryof$16,000.Nocashhasyetbeenpaidtotheemployee.Increaseliabilities(salariespayable).Decreasestockholders’equity(retainedearnings).ClaimsExchangeTra

5、nsaction2-8Event5:Connerpaid$10,000totheinstructorinpartialsettlementofsalariespayable.Decreaseassets(cash).Decreaseliabilities(salariespayable).AssetUseTransaction2-9Event6:Connerpaid$2,000foradvertisingcosts.Theadvertisementsappearedin2008.Decreaseassets(cash

6、).Decreasestockholders’equity(retainedearnings).AssetUseTransaction2-10Event7:Connersignedcontractsfor$42,000ofConsultantsservicestobeperformedin2009.2-11LO2Organizegeneralledgeraccountsunderanaccountingequation.2-12SummaryofTransactionsNow,let’spreparethefinan

7、cialstatementsforConnerConsultantsusingthedatapresentedabove.2-13LO3Preparefinancialstatementsbasedonaccrualaccounting.2-14PreparingFinancialStatements2-15PreparingFinancialStatements2-16PreparingFinancialStatements2-17LO4Describethematchingconcept,theaccountin

8、gcycleandtheclosingprocess.2-18TheClosingProcessTransfersnetincome(orloss)anddividendstoRetainedEarnings.Establisheszerobalancesinallrevenue,expense,anddividendaccounts.2-19