2015-10-23 1 Business English Reading 实用商务英语导读教案.
-
Upload
noah-porter -
Category
Documents
-
view
307 -
download
5
Transcript of 2015-10-23 1 Business English Reading 实用商务英语导读教案.
![Page 1: 2015-10-23 1 Business English Reading 实用商务英语导读教案.](https://reader036.fdocuments.net/reader036/viewer/2022081416/56649ee95503460f94bfafc4/html5/thumbnails/1.jpg)
23/4/20 1
Business English Reading
实用商务英语导读教案
![Page 2: 2015-10-23 1 Business English Reading 实用商务英语导读教案.](https://reader036.fdocuments.net/reader036/viewer/2022081416/56649ee95503460f94bfafc4/html5/thumbnails/2.jpg)
23/4/2023/4/20 22
Chapter 3 Accounting & Financial Statements
3.1 Accounting—the Language of Business3.2 Basic Elements of Financial Position and
the Accounting Equation 3.3 Generally Accepted Accounting Principles3.4 Double-Entry System3.5 Financial Statements
![Page 3: 2015-10-23 1 Business English Reading 实用商务英语导读教案.](https://reader036.fdocuments.net/reader036/viewer/2022081416/56649ee95503460f94bfafc4/html5/thumbnails/3.jpg)
23/4/2023/4/20 33
3.1 Accounting—the Language of Business
Accounting is the language of business.
Managers, investors, creditors and consumers are all decision-makers.
Accounting information is composed primarily of financial data about business transactions, expressed in terms of money.
![Page 4: 2015-10-23 1 Business English Reading 实用商务英语导读教案.](https://reader036.fdocuments.net/reader036/viewer/2022081416/56649ee95503460f94bfafc4/html5/thumbnails/4.jpg)
3.1 Accounting—the Language of Business
Relationship of Accounting to Other Fields:FinanceProductionMarketingPersonnelGeneral
management
![Page 5: 2015-10-23 1 Business English Reading 实用商务英语导读教案.](https://reader036.fdocuments.net/reader036/viewer/2022081416/56649ee95503460f94bfafc4/html5/thumbnails/5.jpg)
3.2 Basic Elements of Financial Position and the Accounting Equation
accounting equation Assets = Liabilities + Owner’s Equity
Assets : economic resources owned by a business and expected to benefit future operations
Liabilities : formal expression for debts in accounting
Owners’ Equity : the interest of the owners in an enterprise
![Page 6: 2015-10-23 1 Business English Reading 实用商务英语导读教案.](https://reader036.fdocuments.net/reader036/viewer/2022081416/56649ee95503460f94bfafc4/html5/thumbnails/6.jpg)
3.2 Basic Elements of Financial Position and the Accounting Equation
AssetsAssets LiabilitiesLiabilities Owner’s Equity
Owner’s Equity
Current assets Plant and
equipment Other assets
Short-term liabilities
Long-term liabilities
= +
Paid-in capital
Retained earnings
![Page 7: 2015-10-23 1 Business English Reading 实用商务英语导读教案.](https://reader036.fdocuments.net/reader036/viewer/2022081416/56649ee95503460f94bfafc4/html5/thumbnails/7.jpg)
3.3 Generally Accepted Accounting Principles
GAAP : the ground rules for any financial activities, from journalizing to posting, from the preparation of financial statements to the preparation of financial reporting.
![Page 8: 2015-10-23 1 Business English Reading 实用商务英语导读教案.](https://reader036.fdocuments.net/reader036/viewer/2022081416/56649ee95503460f94bfafc4/html5/thumbnails/8.jpg)
3.3 Generally Accepted Accounting Principles
They originate from a combination of tradition, experience, and official declarations or statements.
They require authoritative (official or unofficial) support and some means of enforcement.
They are sometimes arbitrary. They may change more or less over time as gaps or
shortcomings in the existing rules come to light. They must clearly understood and observed by all
the people concerned.
![Page 9: 2015-10-23 1 Business English Reading 实用商务英语导读教案.](https://reader036.fdocuments.net/reader036/viewer/2022081416/56649ee95503460f94bfafc4/html5/thumbnails/9.jpg)
3.3 Generally Accepted Accounting Principles
Accounting Entity AssumptionAccounting Entity Assumption
Going-Concern AssumptionGoing-Concern Assumption
Time Period AssumptionTime Period Assumption
Stable-Dollar Assumption Stable-Dollar Assumption
Generally Accepted
Accounting Principles
![Page 10: 2015-10-23 1 Business English Reading 实用商务英语导读教案.](https://reader036.fdocuments.net/reader036/viewer/2022081416/56649ee95503460f94bfafc4/html5/thumbnails/10.jpg)
3.4 Double-Entry System
Double entry provides for recording both aspects of a transaction so as to establish a balance.
Entry : the act or result of writing something down on a list, as in an account of money
![Page 11: 2015-10-23 1 Business English Reading 实用商务英语导读教案.](https://reader036.fdocuments.net/reader036/viewer/2022081416/56649ee95503460f94bfafc4/html5/thumbnails/11.jpg)
3.4 Double-Entry System
The simplest form of an account has three parts:
① a title—the name of the item recorded in the account;
② a space for recording increases in the amount of the item in terms of money;
③ a space for recording decreases in the amount of the item, also in monetary terms.
![Page 12: 2015-10-23 1 Business English Reading 实用商务英语导读教案.](https://reader036.fdocuments.net/reader036/viewer/2022081416/56649ee95503460f94bfafc4/html5/thumbnails/12.jpg)
3.4 Double-Entry System
![Page 13: 2015-10-23 1 Business English Reading 实用商务英语导读教案.](https://reader036.fdocuments.net/reader036/viewer/2022081416/56649ee95503460f94bfafc4/html5/thumbnails/13.jpg)
3.5 Financial Statements
Financial statements assist the management in a business and all the people concerned outside the business to have a concise picture of the profitability and financial position of the business.
The three most widely used financial statements are the balance sheet, the income statement, and the statements of cash flows.
![Page 14: 2015-10-23 1 Business English Reading 实用商务英语导读教案.](https://reader036.fdocuments.net/reader036/viewer/2022081416/56649ee95503460f94bfafc4/html5/thumbnails/14.jpg)
3.5 Financial Statements
Income Statement : a summary of the revenue (income), expenses, and net income of a business entity for a specific period of time.Revenue from sales Cost of Goods Sold Gross profit Operating expenses
![Page 15: 2015-10-23 1 Business English Reading 实用商务英语导读教案.](https://reader036.fdocuments.net/reader036/viewer/2022081416/56649ee95503460f94bfafc4/html5/thumbnails/15.jpg)
3.5 Financial Statements
![Page 16: 2015-10-23 1 Business English Reading 实用商务英语导读教案.](https://reader036.fdocuments.net/reader036/viewer/2022081416/56649ee95503460f94bfafc4/html5/thumbnails/16.jpg)
3.5 Financial Statements
Balance SheetA statement showing the assets, liabilities,
and owner’s equity of a business entity at a specific date
A balance sheet consists of a listing of the assets, liabilities, and owner’s equity of a business
![Page 17: 2015-10-23 1 Business English Reading 实用商务英语导读教案.](https://reader036.fdocuments.net/reader036/viewer/2022081416/56649ee95503460f94bfafc4/html5/thumbnails/17.jpg)
3.5 Financial Statements
![Page 18: 2015-10-23 1 Business English Reading 实用商务英语导读教案.](https://reader036.fdocuments.net/reader036/viewer/2022081416/56649ee95503460f94bfafc4/html5/thumbnails/18.jpg)
![Page 19: 2015-10-23 1 Business English Reading 实用商务英语导读教案.](https://reader036.fdocuments.net/reader036/viewer/2022081416/56649ee95503460f94bfafc4/html5/thumbnails/19.jpg)
3.5 Financial Statements
Statement of Cash FlowThe Financial Accounting Standards Board
(FASB) in the US requires all profit-oriented enterprises to present a statement of cash flow (SCF) when an income statement and balance sheet are presented in financial reports.
![Page 20: 2015-10-23 1 Business English Reading 实用商务英语导读教案.](https://reader036.fdocuments.net/reader036/viewer/2022081416/56649ee95503460f94bfafc4/html5/thumbnails/20.jpg)
3.5 Financial Statements
The SCF is intended to help users to assess: ① a business entity’s ability to generate future
positive net cash inflows;
② its ability to pay its debts, dividends, and interest;
③ the reasons for differences between income and cash flows; and
④ the effects of cash and non-cash transactions on the entity’s financial position.
![Page 21: 2015-10-23 1 Business English Reading 实用商务英语导读教案.](https://reader036.fdocuments.net/reader036/viewer/2022081416/56649ee95503460f94bfafc4/html5/thumbnails/21.jpg)
3.5 Financial Statements
![Page 22: 2015-10-23 1 Business English Reading 实用商务英语导读教案.](https://reader036.fdocuments.net/reader036/viewer/2022081416/56649ee95503460f94bfafc4/html5/thumbnails/22.jpg)
3.5 Financial Statements
![Page 23: 2015-10-23 1 Business English Reading 实用商务英语导读教案.](https://reader036.fdocuments.net/reader036/viewer/2022081416/56649ee95503460f94bfafc4/html5/thumbnails/23.jpg)
23/4/20 23
Click to edit company slogan .