本书根据新增和修订的准则, 对涉及的相关内容进行修改和整理, 使教材更加契合实际。本书为初学者全面学习会计专业知识、满足对外交流和使用的需要提供最新的参考。另外, 考虑到初学者学习的需要, 本书每章增加了相关练习。
Chapter 1 An Introduction to Accounting 1
1 1 Accounting is an Information System 1
1 2 Forms of Organization 1
1 3 The Framework for the Preparation and Presentation of
Financial Statements 2
1 4 Understanding of Financial Statements 5
1 5 Accounting and Its Profession 9
1 6 Accounting Elements and Using the Accounting Equation 10
1 7 Professional Ethics in Accounting 12
1 8 Convergence of Accounting Standards and Chinese Accounting Standards:
Development and Implementation 14
Vocabulary 18
Self⁃test Questions 20
Exercises 21
Answers to Self⁃test Questions 26
Chapter 2 Accounting Cycle 27
2 1 T⁃account and Debit & Credit 27
2 2 Journalizing and Posting Transactions 29
2 3 Preparing a Trial Balance 33
2 4 Adjusting the Accounts 34
2 5 Adjusted Trial Balance and Preparation of Financial Statements 37
2 6 The Worksheet 42
2 7 Closing 45
2 8 The Accounting Cycle Summary 47
2 9 Classification of Statement of Financial Position Items 47
Vocabulary 49
Self⁃test Questions 50
Exercises 52
Answers to Self⁃test Questions 58
Chapter 3 Current Assets 59
3 1 Cash 59
3 2 Fair Value through Profit or Loss Investments 65
3 3 Notes Receivable 66
3 4 Accounts Receivable 69
3 5 Inventories 73
Vocabulary 85
Self⁃test Questions 86
Exercises 87
Answers to Self⁃test Questions 91
Chapter 4 Non⁃current Assets 92
4 1 Fixed Assets 92
4 2 Natural Resources 103
4 3 Intangible Assets 104
4 4 Impairment of Fixed Assets 106
4 5 Long⁃term Investments 107
4 6 Impairment of Long⁃term Investments 115
Vocabulary 115
Self⁃test Questions 117
Exercises 118
Answers to Self⁃test Questions 120
Chapter 5 Liabilities 121
5 1 Current Liabilities 121
5 2 Non⁃current Liabilities 127
Vocabulary 136
Self⁃test Questions 137
Exercises 138
Answers to Self⁃test Questions 141
Chapter 6 Owners’ Equity 142
6 1 Forms of Organization 142
6 2 Stockholders’ Rights 142
6 3 Accounting for Stock Issues 143
6 4 Treasury Stock 145
6 5 Preferred Stock 147
6 6 Dividends and Stock Splits 147
6 7 Accounting for Retained Earnings 152
6 8 Statement Presentation and Analysis 155
Vocabulary 158
Self⁃test Questions 159
Exercises 160
Answers to Self⁃test Questions 163
Chapter 7 Revenue and Expense Recognition and Income
Statement Presentation 164
7 1 Revenue Recognition Concepts 164
7 2 Revenue Recognition at Delivery 169
2 会计英语
7 3 Revenue Recognition before Delivery 170
7 4 Revenue Recognition after Delivery 170
7 5 Long⁃term Contracts 174
7 6 Revenue Recognition for Service Sales 176
7 7 Recognition of Gains and Losses 179
7 8 Expense Recognition 179
7 9 Presentation of the Income Statement 185
Vocabulary 188
Self⁃test Questions 189
Exercises 190
Answers to Self⁃test Questions 194
Chapter 8 Statement of Cash Flows and Financial Statement Analysis 195
8 1 Cash and Cash Equivalents 195
8 2 Classification of Cash Receipts and Cash Payments 195
8 3 Preparing Statement of Cash Flows—Direct Method 197
8 4 Preparing Statement of Cash Flows—Indirect Method 201
8 5 Determining Cash Flows from Investing Activities 203
8 6 Determining Cash Flows from Financing Activities 207
8 7 Presenting the Information in the Form of the Statement of Cash Flows 208
8 8 Usefulness of the Statement of Cash Flows 211
8 9 Financial Statement Analysis: Vertical and Horizontal 211
8 10 Ratio Analysis 217
Vocabulary 221
Self⁃test Questions 222
Exercises 223
Answers to Self⁃test Questions 228
Appendix 229
1 Balance Sheet 229
2 Income Statement 231
3 Statement of Changes in Owners’ Equity 233
4 Statement of Cash Flows 235
5 The Disclosure of Supplementary Information to Statement of Cash Flows 239
6 Disclosure of Information and Accounts Required 241
7 VAT Return Form 270
8 Consumption Tax Return Form 278
9 Annual Return Form of the Peoples Republic of China on Corporate Income Tax 280
10 Individual Income Tax Return Form 289