本书根据修订和新增的准则, 对涉及的相关内容进行修改和整理, 使教材内容更加契合实际。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*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 67 3? 4 Accounts Receivable 69 3? 5 Inventories 74 Vocabulary 86 Self?test Questions 87 Exercises 88 Answers to Self?test Questions 92 Chapter 4 Non?current Assets 93 4? 1 Fixed Assets 93 4? 2 Natural Resources 104 4? 3 Intangible Assets 105 4? 4 Impairment of Fixed Assets 107 4? 5 Long?term Investments 108 4? 6 Impairment of Long?term Investments 116 Vocabulary 117 Self?test Questions 118 Exercises 119 Answers to Self?test Questions 122 Chapter 5 Liabilities 123 5? 1 Current Liabilities 123 5? 2 Non?current Liabilities 129 Vocabulary 138 Self?test Questions 139 Exercises 140 Answers to Self?test Questions 143 Chapter 6 Owners? Equity 144 6? 1 Forms of Organization 144 6? 2 Stockholders? Rights 144 6? 3 Accounting for Stock Issues 145 6? 4 Treasury Stock 147 6? 5 Preferred Stock 149 6? 6 Dividends and Stock Splits 149 6? 7 Accounting for Retained Earnings 154 6? 8 Statement Presentation and Analysis 157 Vocabulary 160 Self?test Questions 161 Exercises 162 Answers to Self?test Questions 165 Chapter 7 Revenue and Expense Recognition and Income Statement Presentation 166 7? 1 Revenue Recognition Concepts 166 7? 2 Revenue Recognition at Delivery 171 2 会计英语 7? 3 Revenue Recognition before Delivery 171 7? 4 Revenue Recognition after Delivery 172 7? 5 Long?term Contracts 176 7? 6 Recognition of Gains and Losses 178 7? 7 Expense Recognition 179 7? 8 Presentation of the Income Statement 184 Vocabulary 187 Self?test Questions 188 Exercises 189 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 221 Exercises 223 Answers to Self?test Questions 227 Appendix 228 1? Balance Sheet 228 2? Income Statement 230 3? Statement of Changes in Owners? Equity 232 4? Statement of Cash Flows 234 5? The Disclosure of Supplementary Information to Statement of Cash Flows 238 6? Disclosure of Information and Accounts Required 240 7? VAT Return Form 269 8? Consumption Tax Return Form 277 9? Annual Return Form of the People?s Republic of China on Corporate Income Tax 279 10? Individual Income Tax Return Form 288