资源描述:
《立信《会计专业英语》课件Lesson Three》由会员上传分享,免费在线阅读,更多相关内容在应用文档-天天文库。
1、LessonThreeLiabilitiesandOwners’EquitysectionofBalanceSheetNewWords,PhrasesandSpecialTermsLiability:Anobligationortransfereconomicbenefitsgenerallymoney)asaresultofpasttransactions(e.g.thepurchaseofafixedassetoracirculatingasset).ContingentliabilityCurrentliabilitiesDef
2、erredcreditLong-termliabilitySecuredliabilityNewWords,PhrasesandSpecialTermsContingentliability或有负债Apossibleobligationthatarisesfrompastevents,whoseexistencewillbeconfirmedonlybytheoccurrenceofoneormoreuncertainfutureeventsnotwhollywithinanentity’scontrol.Apresentobliga
3、tionthatarisesfrompasteventsinwhicheithertheamountoftheobligationcannotbemeasuredreliablyoritisnotprobablethatatransferofeconomicbenefitswillberequiredtosettletheobligation.NewWords,PhrasesandSpecialTermsCurrentliabilitiesAmountsowedbyabusinesstootherorganizationsandind
4、ividualsthatshouldbepaidwithinoneyearfromthebalancesheetdate.NewWords,PhrasesandSpecialTermsThesegenerallyconsistoftradecreditors,billsofexchangepayable,amountsowedtogroupandrelatedcompanies,taxation,social-securitycreditors,proposeddividends,accruals,deferredincome,pay
5、mentsreceivedonaccount,bankoverdrafts,andshort-termloans.NewWords,PhrasesandSpecialTermsAnylong-termloansrepayablewithinoneyearfromthebalance-sheetdateshouldalsobeincluded.Currentliabilitiesaredistinguishedfromlong-termliabilitiesonthebalancesheet.NewWords,PhrasesandSpe
6、cialTermsLong-termliabilityAsumowedthatdoesnothavetoberepaidwithinthenextaccountingperiodofabusiness.Insomecontextsalong-termliabilitymayberegardedasonenotdueforrepaymentwithinthenextthreeorpossiblytenyears.NewWords,PhrasesandSpecialTermsSecuredliabilityAdebtagainstwhic
7、htheborrowerhasprovidedsufficientassetsassecuritytosafeguardthelenderincaseofnon-repayment.SentencesLiabilities,orcreditor’sequity,aretheobligations,ordebts,thatthefirmmustpayinmoneyorservicesatsometimeinthefuture.SentencesTheowner’sequityisreferredtoasthenetassetsofthe
8、business,whichisdefinedasthedifferencebetweentheassetsandtheliabilities.SentencesStatecorporationlawsrequireth