m中山大學管捏學院 经m00 BUSINESS SUN YAT-SEN UNIVERSIT Lesson 3 Analyzing and Recording Transactions 1 ask team of Fundamental Accounting School of Business. Sun Yat-sen niversity
Lesson 3 Analyzing and Recording Transactions Task team of Fundamental Accounting School of Business, Sun Yat-sen University
Outline ◆ Accounts O Detailed Description of Various ◆ Accounts ◆ T-Accounts Rules of debits and credits Q Double-entry Accounting ILlustrated Application of rules Task Team of FUndaMientalactoUntING Business Sehool. Sun Yatsen niversity
2 Outline ⧫Accounts ⧫Detailed Description of Various ⧫Accounts ⧫T-Accounts ⧫Rules of Debits and Credits ⧫Double-entry Accounting ⧫Illustrated Application of Rules
Opening Story Q Do you have any idea about how your parents keep an“ account” of how much the family spends? o What a good family accountant Task Team of FUndaMientalactoUntING Business Sehool. Sun Yatsen niversity 3
3 Opening Story ⧫Do you have any idea about how your parents keep an “account” of how much the family spends? ⧫What a good family accountant!
Opening Story C Aglobal demand for accountants- where can the “ Big four” find accountants with talent and virtues n Mr Land, E&Y british president (indirect quote) In the recent 18 months, the shortage of accounting talents has been scarcely satisfied. The most valuable i the 2lst century is accountants to special accounting firms like us.(2005-7-21 Task Team of FUndaMientalactoUntING Business Sehool. Sun Yatsen niversity
4 Opening Story ⧫ A global demand for accountants – where can the “Big Four” find accountants with talent and virtues? Mr.Land, E&Y British president (indirect quote) In the recent 18 months, the shortage of accounting talents has been scarcely satisfied. The most valuable in the 21st century is accountants to special accounting firms like us. （2005－7－21）
The Account Accountings main summary device is the account, the record of changes. Accounts are grouped in 3 broad categories according to the accounting equation: Assets= Liabilities Stockholders'Equity Yeas Task Team of FUndaMientalactoUntING Business Sehool. Sun Yatsen niversity 5
5 The Account Cash Accounting’s main summary device is the account, the record of changes. Accounts are grouped in 3 broad categories, according to the accounting equation: