财务会计英文版教材全套课件.pptx

Chapter 1;Like right now.;;;Manufacturing Business;Merchandising Business;Service Business;;A proprietorship is owned by one individual. ;A partnership is owned by two or more individuals. ;A corporation is organized under state or federal statutes as a separate legal entity.;Business Strategies;Business Strategies;Business Strategies;Value Chain of a Business;A business stakeholder is a person or entity having an interest in the economic performance of the business.;;Accounting Information System;5;Business Ethics;Profession of Accounting;;The business entity concept limits the economic data in the accounting system to data related directly to the activities of the business.;The objectivity concept requires that the accounting records and reports be based upon objective evidence.;The Accounting Equation;The Accounting Equation;The Accounting Equation;What is a business transaction?;;a. Chris Clark deposits $25,000 in a bank account in the name of NetSolutions.;b. NetSolutions exchanged $20,000 for land.; Accounts Chris Clark, Cash + Supplies + Land Payable Capital;d. NetSolutions provided services to customers, earning fees of $7,500 and received the amount in cash.;e. – 3,650 –2,125 – 800 – 450 – 275; Accounts Chris Clark, Cash + Supplies + Land Payable Capital; Accounts Chris Clark, Cash + Supplies + Land Payable Capital; Accounts Chris Clark, Cash + Supplies + Land Payable Capital;;;Financial Statements;;;;When the balance sheet displays the liabilities and owner’s equity below the assets, the report form is being used.;;Statement of Cash Flows;Ratio of l