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《立信《会计专业英语》课件Lesson Two》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、LessonTwoASSETSSECTIONOFBALANCESHEETNewWords,PhrasesandSpecialTermsAsset:Incommontermsanyobject,tangibleorintangible,thatisofvaluetoitspossessor.Inmostcasesiteitheriscashorcanbeturnedintocash;exceptionsincludeprepayments,whichmayrepresentpaymentsmadeforrent,rates,ormotorl
2、icences,incasesinwhichthetimepaidforhasnotyetexpired.NewWords,PhrasesandSpecialTermsMostaccountingbodiesthroughouttheworldwouldnowdefineanassetasaresultofpasttransactionsorevents.Tangibleassetsincludelandandbuildings,plantandmachinery,fixturesandfittings,tradingstock,inve
3、stments,debtors,andcash;Intangibleassetsincludegoodwill,patents,copyrights,andtrademarks.NewWords,PhrasesandSpecialTermsLiability:Anobligationtotransfereconomicbenefits(generallymoney)asaresultofpasttransactions(e.g.thepurchaseofafixedassetoracirculatingasset)Contingentli
4、abilityCurrentliabilitiesDeferredcreditLong-termliabilitySecuredliabilityNewWords,PhrasesandSpecialTermsOwner’sequityThefundsofanorganizationthathavebeenprovidedbyitsowners,i.e.itstotalassetslessitstotalliabilities.Thebalance-sheetvalueoftheowner’sequityisunlikelytobeequa
5、ltoitsmarketvalue.NewWords,PhrasesandSpecialTermsLiquidityTheextenttowhichanorganization’sassetsareliquid,enablingittopayitsdebtswhentheyfalldueandalsotomoveintonewinvestmentopportunities.LiquiditymanagementLiquidityriskLiquidratioNewWords,PhrasesandSpecialTermsAccumulate
6、ddepreciation(aggregatedepreciation)Thetotalamountofthedepreciationwrittenoffthecostpriceorvaluationofafixedassetsinceitwasbroughtintothebalancesheetofanorganization.NewWords,PhrasesandSpecialTermsTangibleassetAssetsthatcanbetouched,suchasland,buildings,andmachinery,ascom
7、paredtointangiblefixedassets,suchasgoodwill.NewWords,PhrasesandSpecialTermsFixedassetsAnassetofabusinessintendedforcontinuinguse,ratherthanashort-termcirculatingasset(suchasstock).NewWords,PhrasesandSpecialTermsIntangiblefixedassetsFixedassetsofanon-monetarynaturethathave
8、nophysicalsubstance.Theaccountingtreatmentforintangibleassetshasbeenacontroversialtopicandassets
