ch04-2010财务会计_英文版。原书第五版~答案
CHAPTER 4,COMPLETION OF THE ACCOUNTING CYCLE 完成会计循环,Study Objectives,Prepare a work sheet. Explain the process of closing the books. Describe the content and purpose of a post-closing trial balance. State the required steps in the accounting cycle Explain the approaches to preparing correcting entries. Identify the sections of a classified balance sheet,The Accounting Cycle,The accounting cycle is the process by which accountants prepare financial statements for an entity for a specific period of time.,The Accounting Cycle,For a new business, begin by setting up ledger accounts. For an established business, begin with account balances carried over from the previous period.,Analyzing transaction,Journalizing,Posting,Trial Balance,Adjusting,Adjusted Trial Balance,Financial Statements,Journalizing Posting Closing entry,Post-closing Trial Balance,How to make accounting cycle work Easier?,Using Worksheet,WORK SHEET 工作底稿,A work sheet is a multiple-column form that may be used in the adjustment process and in preparing financial statements.,Work sheet,WORK SHEET 工作底稿,It is a working tool or a supplementary device for the accountant and not a permanent accounting record. Use of a work sheet should make the preparation of adjusting entries and financial statements easier.,WORK SHEET,The use of a work sheet is optional. When a work sheet is used, financial statements are prepared from the worksheet. Adjustments are journalized and posted from the work sheet after financial statements are prepared.,FORM AND PROCEDURE FOR A WORK SHEET,STEPS IN PREPARING A WORKSHEET,Prepare a trial balance on the worksheet Enter the adjustments in the adjustments columns Enter adjusted balances in the adjusted trial balance columns,STEPS IN PREPARING A WORKSHEET,Extend adjusted trial balance amounts to appropriate financial statement columns Total the statement columns, compute net income (loss), and complete the worksheet.,1 PREPARING A TRIAL BALANCE,15,200 2,500 600 5,000 5,000 2,500 1,200 10,000 500 10,000,4,000 900 28,700 28,700,2 ENTER THE ADJUSTMENTS,a 1,500 b 50 d 400 d 400 e 200 g 1,200