西方财务会计ppt课件.ppt

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1、PresentedbyAnnieChenTheDepartmentofAccountingGDUFChapter3TheAccountingCycle--CapturingEconomicEventsThischapterdemonstrateshowaccountingsystemsrecordeconomiceventsrelatedtoavarietyofbusinesstransactions.TheRoleofAccountingRecordsEstablishesaccountabilityforassetsandtransactions.Keepstrackofrout

2、inebusinessactivities.Obtainsdetailedinformationaboutaparticulartransaction.Evaluatesefficiencyandperformancewithincompany.Maintainsevidenceofacompany’sbusinessactivities.P86STILLREMEMBER?LEGDERACCOUNTLEGDERJOURNALPOSTINGABJOURNALLEDGERACCOUNTTheLedgerAccountandTheLedgerTheentiregroupofaccount

3、siskepttogetherinanaccountingrecordcalledaledger.Accountsareindividualrecordsshowingincreasesanddecreases.Transactionsareinitiallyrecordedinthejournalratherthantheledgeraccount.Thejournalrecordstransactionsinchronological(daybyday)order.Theledgergroupstogetheralltransactionsthatimpactaparticula

4、raccount.Youcanreferalltheseimportanttermstoyourtextbookeasilywiththeglossaryafterchapter.(Chapter3glossary:p113)Debit/CreditSkillTestsP117Q4P118BE3.4ASSETSDebitforIncreaseCreditforDecreaseEQUITIESDebitforDecreaseCreditforIncreaseLIABILITIESDebitforDecreaseCreditforIncreaseDebitsandcreditsaffec

5、taccountsasfollows:DebitandCreditRulesInthedouble-entryaccountingsystem,everytransactionisrecordedbyequaldollaramountsofdebitsandcredits.A=L+OELet’srecordselectedtransactionsforOvernightAutoServiceintheaccounts.Jan20:MichaelMcBryanandfamilyinvested$80,000inexchangeforcapitalstock.WillCashincrea

6、seordecrease?WillCapitalStockincreaseordecrease?Jan20:MichaelMcBryanandfamilyinvested$80,000inexchangeforcapitalstock.Cashincreases$80,000withadebit.CapitalStockincreases$80,000withacredit.RepresentingOvernight,McBryannegotiatedwithboththeCityofSantaTeresaandMetropolitanTransitAuthoritytopurcha

7、seanabandonedbusgarage.(ThecityownedthelandbuttheMTAownedthebuilding.)OnJanuary21,OvernightAutoServicepurchasedthelandfromthecityfor$52,000cash.WillCashincreaseordecrease?WillLandincreaseordecrease?RepresentingOvernight,McBryanneg