资源描述：
《财会英语1－10课英文版).doc》由会员上传分享，免费在线阅读，更多相关内容在行业资料-天天文库。
1、会计英语1－10课Text1AccountingandItsEnvironmentDevelopanaccountingvocabularyfordecisionmaking.Accountingisasystemformeasuring,processing,andcommunicatingfinancialinformation.Asthe“languageofbusiness,”accountinghelpsawiderangeofdecisionmakers.Accountingdatesbackstoancientcivilizations,butitsi
2、mportancetosocietyhasbeengreatestsincetheIndustrialrevolution.Applyaccountingconceptsandprinciplestoanalyzebusinesstransactions.Thethreebasicformsofbusinessorganizationaretheproprietorship,thepartnership,andthecorporation.Whatevertheform,accountantsusetheentityconcepttokeepthebusiness’
3、srecordsseparatefromthepersonalrecordsofthepeoplewhorunit.Accountantsatalllevelsmustbeethicaltoservetheirintendedpurpose.Generallyacceptedaccountingprinciples(GAAP)guideaccountantsintheirwork.Amongtheseguidelinesaretheentityconcept,thereliabilityprinciple,thecostprinciple,thegoing-conc
4、ernconcept,andthestablemonetary-unitconcept.Usetheaccountingequationtodescribeanorganization’sfinancialposition.Initsmostcommonform,theaccountingequationisAssets=Liabilities+Owner’sEquity.Usetheaccountingequationtoanalyzebusinesstransactions.Transactionsaffectsabusiness’sassets,liabili
5、ties,andowner’sequity.Therefore,transactionsareanalyzedintermsoftheireffectontheaccountingequation.Preparethefinancialstatements.Thefinancialstatementscommunicateinformationfordecisionmakingbytheentity’smanagers,owners,andcreditorsandbygovernmentagencies.Theincomestatementpresentsavide
6、ooftheentity’soperationsintermsofrevenuesearnedandexpensesincurredduringaspecificperiod.Totalrevenuesminustotalexpensesequalnetincome.Netincomeornetlossanswersthequestion,Howmuchincomedidtheentityearn,orHowmuchlossdiditincurduringtheperiod?Thestatementofowner’sequityreportsthechangesin
7、owner’sequityduringtheperiod.Thebalancesheetprovidesaphotographoftheentity’sfinancialstandingintermsofitsassets,liabilities,andowner’sequityataspecifictime.Itanswersthequestion,Whatistheentity’sfinancialposition?Thestatementofcashflowsreportsthecashcominginandthecashgoingoutduringthe
