会计学英语电子版04.pptVIP

Financial Accounting:Tools for Business Decision Making, 4th Ed.;Chapter 4;Chapter 4Accrual Accounting Concepts;;Chapter 4Accrual Accounting Concepts;Time Period Assumption...;Time Period Assumption...;Revenue Recognition Principle...;Matching Principle...;崔傻季瑚纱六唁语露承胃扭正酿策捉寸厌珐汪横团酥湍旧趾狱津促嚎腥尹会计学英语电子版04会计学英语电子版04;Review;Review;When would revenue be recorded for the following scenario . . .;Review; Review;Review;Cash Basis;Accrual Basis Accounting; Accrual Basis adheres to... ;绑坷琶屿笛俏轧矫脓幼聋烽坠欠怎喉寅靡撇蘸鲍蜒矮杏浦浪婶茎速焦陷佣会计学英语电子版04会计学英语电子版04; Types of Adjusting Entries;Prepayments;You can start with the trial balance to find information to adjust prepayments.; ;Prepaid Expenses;On October 5 the company paid $2,500 for advertising supplies. ;An inventory on October 31 reveals that $1,000 of supplies remain on hand; therefore $1,500 of supplies have been used. ($2,500 - $1,000) =$ 1,500;;Prepaid Expenses;Insurance Policy;Prepaid Expenses;How do you apply the Matching Principle to the cost of a long lived asset ?;Allocates the cost of an asset to expense over its useful life – MATCHING PRINCIPLE Is an estimate Depreciation is ALLOCATION of cost- not VALUATION(Current Replacement Cost) We’re not attempting to reflect the actual change in value of an asset! ;Office Equipment;GENERAL JOURNAL Debit Credit Oct 31 Depreciation Expense 40 Accumulated Depreciation-Office Equip 40 To record monthly depreciation ;Office equipment $ 5,000 Less : accumulated depreciation 40 $4,960 ;Unearned Revenues;Unearned Revenues;Accruals;Accrued Revenues;Accrued Revenues;Accrued Expenses;Formula for Computing Interest;Interest Expense;Accrued Salaries - Salaries Paid fo