会计英语Unit-10课件.ppt

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1、Accounting EnglishUnit TenLearning Objectives Unit Tenltounderstandthenatureofliabilities;lto learn about current liabilities and long-termliabilities.Yourcreditcardbalanceisprobablyduewithinashorttime,suchas30days.Suchliabilitiesthataretobepaidoutofcurrentassetsandareduewithinashorttime,usuallywith

2、inoneyear,arecalledcurrentliabilities.Mostcurrentliabilitiesarisefromtwobasictransactions:1.Receivinggoodsorservicespriortomakingpayment.2.Receivingpaymentpriortodeliveringgoodsorservices.Warming-up Unit TenVocabulary Unit Tenleliminatelduelinvoicelconformitylpensionlmaturitydateldividendldeclaratio

3、nlretainedearningslpremiuml排除，删除l应支付的，(票据等)到期的l发票l相似；一致l养老金l到期日l红利，股息l报关，纳税品的申报l留存收益l佣金Notes Unit TenlAdvancesfromcustomeraretheamountreceivedfromthepurchaserinadvance,whichisdischargedbygoodsratherthanmoney.预收账款是指企业按照合同规定向购货单位预收的款项。预收账款不是以货币偿付而是以货物偿付。lEmployeespayrollincludeswages,bonuses,allowance

4、s,subsidies,andsocialinsurancesetc.Itrepresentsamajorelementinthecostconstructionofmostbusinesses.职工的薪酬包括工资、奖金、津贴、补贴、社会保险等等。它代表了大多数公司的主要成本构成要素。Notes Unit TenlVAT 即ValueAddedTax/ADVALOREMtax，附加税，欧盟的一种税制，即购物时要另加税，它是根据商品的价格而征收的。如定价是“incvat”，即已含税，“exclvat”是未包税，“Zerovat”是税率为0。意大利好像是20%税率，（英国是17.5%，2011年1

5、月4日调高至20%），即要多给20%款项，阿根廷为21%（部分商品实行50%减免，即为10.5%）。“VAT”在国内通常被称为增值税。中国大陆地区的增值税率普遍是17%，有部分实行低税率13%以及零税率。l1/15，n/30 销售方为了鼓励客户尽早付款给予的现金折扣。1/15表示顾客在15天内付款给予货款1%的优惠。N/30表示顾客在30天内付款不再给予货款上的优惠，要全额付款。II.Fill in the blanks with the words given below1._ are revenues that have beencollected but not earned,a lia

6、bility until the goods orservicesareprovided.2._arepotentialliabilitiesarisingfromapasttransactionanddependentonafutureevent.3._ are a distribution of earnings by acorporation.Exercises Unit TenAdvances from customer Contingent liabilities contingentliabilitiesliabilityadvancesfromcustomerpremiumdiv

7、idendsdiscountDividends Exercises Unit TenIII.Decide whether the following statements are true or false.Write T for true and F for false.()1.Theliabilityaccountforbondspayableiscreditedatthetimethebondsaresoldforanamountequaltothecashreceived.()2.Theamountofbondinterestpaidoutsemiannuallyby a compan

8、y is calculated by multiplying the bondnominalinterestratebythebondsfacevalueandthenbythefractionalportionoftheyearor6/12.()3.Whenthemarketrateisgreaterthanthenominalinterestrateforasimilarbond,thebondwillbesoldatadiscount.TTTExercises Unit Ten()4.When the bonds with a face value of$100,000 are issu

9、ed at 96,the company will receive$9,600,000.()5.When a bond premium is amortized under the straight-line method,the bond interest expense recorded will be smaller than the cash interest paid out.FTExercises Unit Ten3.Typicalliabilityaccountsinclude:A.accountspayable,bankloan,wagespayable,drawingsB.a

10、ccounts payable,bank overdraft,wages payable,stationeryC.accounts receivable,bank overdraft,wages payable,unearnedrevenueD.accounts payable,borrowing from the public,bankoverdraft,wagespayable4.Whichofthefollowingusuallyisnotacurrentliability?A.WithheldIncomeTaxesB.DepositsReceivedfromCustomersC.Def

11、erredTaxPayableD.Allofthese.Exercises Unit TenV.Cases.1.OnJune20,2006,CompanyMissued$4,000,000facevalueof13%,20-yearbondsat$4,300,920,ayieldof12%.Musestheeffectiveinterestmethodtoamortizebondpremiumordiscount.ThebondspaysemiannualinterestonJune30andDecember31.Required:A.Preparethejournalentriestorec

12、ordthefollowingtransactions.a.TheissuanceofthebondsonJune30,2002.b.ThepaymentofinterestandtheamortizationofthepremiumonDecember31,2002.c.ThepaymentofinterestandtheamortizationofthepremiumonJune30,2003.d.ThepaymentofinterestandtheamortizationofpremiumonDecember31,2003.B.Showtheproperbalancesheetprese

13、ntationfortheliabilityforbondspayableontheDecember31,2003balancesheet.Exercises Unit Ten2.OnJanuary1,2000,SouthAirlinesissued$2millionof20year,7percentbondsat$111.56.Ontheissuancedate,themarketinterestratewas6percent.ThebondspayinteresteveryJanuary1andJuly1.OnJuly1,2008,immediatelyaftertheinterestpa

14、yment,thebondswerecalledatapriceof$105.OnJanuary1,2008,immediatelyaftertheinterestpayment,theunamortizedpremiumwas$178,768.Required:A.HowmuchwaspaidbySouthAirlinestoretirethebondsonJuly1,2008?B.Determinethegainorlossthatwouldbedisclosedontheincomestatementfor2008.C.Howwouldthegainorlossbereportedintheincomestatement?