a Basic Definitions and Theory 基本定义和理论(三) Objective: Learn basic definition of assets, liabilities, and equities. Equities(业主权益) Total equity is the difference between total assets and total liabilities ☆ Common Stock 8 Additional Paid-In-Capita 令 Preferred stock Accounting Equation ASSETS LIABILITIES EQUITY 账务会计
账务会计 Basic Definitions and Theory 基本定义和理论（三） Objective: Learn basic definition of assets, liabilities, and equities. Equities(业主权益) Total equity is the difference between total assets and total liabilities. ❖ Common Stock ❖ Additional Paid-In-Capital ❖ Preferred Stock ❖ Accounting Equation ASSETS = LIABILITIES + EQUITY
A T-Accounts, Debits, and Credits Objective: Learn to use debits credits and T- accounts to analyze transactions and construct balance sheets Assets Increases Decreases (Dr) (Cr) Liabilities/ Equities Decreases Increases (Dr) (Cr) 令 DEBITS= CREDITS ASSETS=LIABILITIES+EQUITIES 账务会计
账务会计 T-Accounts, Debits, and Credits Objective: Learn to use debits, credits, and Taccounts to analyze transactions and construct balance sheets. ❖ Assets ❖ Increases Decreases ❖ (Dr) (Cr) ❖ Liabilities/Equities ❖ Decreases Increases ❖ (Dr) (Cr) ❖ DEBITS=CREDITS ❖ ASSETS=LIABILITIES+EQUITIES
Chapter three (第3章损益表概念) In this chapter you will learn 1. Basic definition of income, revenue and expense 2. To analyze transactions in terms of thei effects on income statement accounts 3. To use debits, credits, and t-accounts to analyze transactions and construct income statements 账务会计
账务会计 Chapter three (第3章 损益表概念) In this chapter you will learn: 1.Basic definition of income, revenue, and expense 2.To analyze transactions in terms of their effects on income statement accounts 3.To use debits, credits, and t-accounts to analyze transactions and construct income statements
Income(Loss) 收益(损失) Objective: Learn basic definitions of income revenue and expense 1. Income is an increase in a entity's net assets resulting from its operations over a period of time. If decrease in its net assets, it has a loss. NE sult in a an entity' s operations over a period of time re ASSETS= ASSETS-LIABILITIES=EQUITIES 2. Revenues are increases in net assets resulting from operations over a period time Recognition is the act of making an entry into the accounting 3. Expenses are decreases in net assets resulting from operations over a period of time Matching is the process of making sure all the costs incurred in generating the revenues recognized in a period are taken as expenses in that period 账务会计
账务会计 Income (Loss) 收益(损失) Objective: Learn basic definitions of income, revenue, and expense. 1. Income is an increase in a entity’s net assets resulting from its operations over a period of time. If an entity’s operations over a period of time result in a decrease in its net assets, it has a loss. NET ASSETS= ASSETS-LIABILITIES=EQUITIES 2. Revenues are increases in net assets resulting from operations over a period time Recognition is the act of making an entry into the accounting. 3.Expenses are decreases in net assets resulting from operations over a period of time. Matching is the process of making sure all the costs incurred in generating the revenues recognized in a period are taken as expenses in that period
A Chapter four (第4章现金流量表) In this chapter you will learn 1. The basic definition of cash 2. To understand the relation between net income and cash flow from operations 3.To distinguish cash flows from investing, financing, and operating activities 4. Two methods for constructing cash flow statements(the direct and indirect methods) Cash Flow Statements 账务会计
账务会计 Chapter four (第4章 现金流量表) In this chapter you will learn: 1.The basic definition of cash 2.To understand the relation between net income and cash flow from operations 3.To distinguish cash flows from investing, financing, and operating activities 4.Two methods for constructing cash flow statements (the direct and indirect methods) Cash Flow Statements