【正文】 $ 2 0 , 0 0 0$ $ $ $ $ 2 0 , 0 0 0$ 2 0 , 0 0 0$ = 2 0 , 0 0 0$ J. Scott invests $20,000 cash to start the business. A2 169。 The McGrawHill Companies, Inc., 2022 McGrawHill/Irwin Accounting Equation A1 Assets 資產(chǎn) = Liabilities 負債 + Equity 所有者權(quán)益 169。 The McGrawHill Companies, Inc., 2022 McGrawHill/Irwin Business Entity Forms Sole Proprietorship Partnership Corporation C 5 169。 The McGrawHill Companies, Inc., 2022 McGrawHill/Irwin The Securities and Exchange Commission (SEC) is the government group that establishes reporting requirements for panies that issue stock to the public. Setting Accounting Principles Financial Accounting Standards Board (FASB) is the private group that sets both broad and specific principles. C 5 The International Accounting Standards Board (IASB) issues International Financial Reporting Standards that identify preferred accounting practices. 169。 The McGrawHill Companies, Inc., 2022 McGrawHill/Irwin Types of Accounting Information Financial Managerial Tax 169。 The McGrawHill Companies, Inc., 2022 McGrawHill/Irwin Users of Accounting Information External Users Financial accounting provides external users with financial statements. Internal Users Managerial accounting provides information needs for internal decision makers. C 2 169。 The McGrawHill Companies, Inc., 2022 McGrawHill/Irwin Content ? Concepts ? Transaction Analysis Exercise ? Ratio: ROA 169。 The McGrawHill Companies, Inc., 2022 McGrawHill/Irwin Chapter 1 Accounting in Business 169。 。 The McGrawHill Companies, Inc., 2022 McGrawHill/Irwin ? 教材 Fundamental Accounting Principles (18 edition), John Wild, Kermit Larson and Barbara Chiappetta, McGraw Hill ? 會計學(xué)原理 （第 18版）， 約翰 . , 克米特 . , 巴巴拉 .基亞佩塔 著 , 崔學(xué)剛 , 饒菁 改編 , 中國人民大學(xué)出版社 ? ISBN: 9787300079042/ ? 主要教學(xué)參考書 Financial amp。 The McGrawHill Companies, Inc., 2022 McGrawHill/Irwin ? Class Participation (5%) ? Homework Assignments (20%) ? Final Exam (60%) ? Group Project (15%) 課程要求 —評價體系 169。 The McGrawHill Companies, Inc., 2022 McGrawHill/Irwin Why Accounting? ? Hong Kong Stock Exchange (0388) 169。 The McGrawHill Companies, Inc., 2022 McGrawHill/Irwin Importance of Accounting: Language of Business Identifies Records Communicates Relevant Reliable Comparable Accounting is a system that information that is to help users make better decisions. C1 169。 The McGrawHill Companies, Inc., 2022 McGrawHill/Irwin Internal Users ? Board of Directors (董事會 ) ? Chief Executive Officer ? Chief Financial Officer ? Vice Presidents ? Business Unit Managers ? Plant Managers ? Store Managers ? Line Supervisors 169。 The McGrawHill Companies, Inc., 2022 McGrawHill/Irwin Ethics, Fraud amp。 169。 The McGrawHill Companies, Inc., 2022 McGrawHill/Irwin Corporations ? What are some advantages? separate legal existence limited liability of stockholders transferability of ownership relatively easy ? What are some disadvantages? taxes – possible double taxation extensive governmental regulation Ad vant ages169。s Equity A1 Revenues Expenses Owner Capital Owner Withdrawals _ + _ 169。 The McGrawHill Companies, Inc., 2022 McGrawHill/Irwin The accounts involved are: (1) Supplies (asset) (2) Equipment (asset) (3) Accounts Payable (liability) Transaction Analysis (4) Purchased Supplies of $200 and Equipment of $1,000 on account. A2 169。 The McGrawHill Companies, Inc., 2022 McGrawHill/Irwin The accounts involved are: (1) Cash (asset) (2) Salaries expense (equity) Transaction Analysis (7) Paid salaries of $800 to employees. Remember that the balance in the salaries expense account actually increases. But, equity decreases because expenses reduce equity. A2 169。 s E qu i tyFor Mon th E nd ed Decem be r 31, 2 00 7Cap i ta l , De c em be r 1, 2 00 7 $ P l us: In v estm en ts b y Ow ne r 20 ,0 00$ Net In c om e 2, 20 0 22 ,2 00 22 ,2 00Le s s : W i th draw al s b y o w ne r 500Cap i ta l , De c em be r 31, 2 00 7 21 ,7 00$ The ine of $2,200 increases Owner39。 The McGrawHill Companies, Inc., 2022 McGrawHill/Irwin ROA is viewed as an indicator of operating efficiency. Return on Assets (ROA) Net ine Average total assets Return on assets = A3 Return on Assets%%%%%%2022 2022 2022 2022 2022 2022 2022YearROADell HP Lenovo169。 The McGrawHill Companies, Inc., 2022 McGrawHill/Irwin C a s h 9 , 7 0 0$ A c c o u n t s p a y a b l e 1 , 2 0 0$ S u p p l i e s 1 , 2 0 0 N o t e s p a y a b l e 4 , 0 0 0 E q u i p m e n t 1 6 , 0 0 0 T o t a l l i a b i l i t i e s 5 , 2 0 0 O w n e r C a p i t a l 2 1 , 7 0 0 T o t a l a s s e t s 2 6 , 9 0 0$ T o t a l l i a b i l i t i e s a n d e q u i t y 2 6 , 9 0 0$ A s s e t s L i a b i l i t i e s amp。 The McGrawHill Companies, Inc., 2022 McGrawHill/Irwin The accounts involved are: (1) Cash (asset) (2) Withdrawals (equity) Transaction Analysis (8) A withdrawal of $500 is made by the owner. Remember that the withdrawal account actually increases. But, total equity decreases because the withdrawal reduces equity. A2 169。 The McGrawHill Companies, Inc., 2022 McGrawHill/Irwin Transaction Analysis (5) The accounts involved are: (1) Cash (asset) (2) Notes payable (liability) Borrowed $4,000 from 1st American Bank. A2 169。 The McGrawHill Companies, Inc., 2022 McGrawHill/Irwin Transaction Analysis (1) The accounts involved are: (1) Cash (asset)