《财务会计英语讲座》课件.pptx

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1、PowerPoint presentation of PowerPoint presentation of Financial Accounting EnFinancial Accounting EnIntroduction to Financial AccountingFundamentals of Financial AccountingPractice for Financial AccountingFinancial Accounting English TerminologyApplication scenarios of financial accounting EnglishDe

2、velopment Trends and Challenges of Financial AccountingIntroduction to Financial AccountingIntroduction to Financial Accounting01Financial accounting is the process of recording,classifying,and summarizing financial transactions and events in a way that is useful to investors,auditors,and other user

3、s of financial informationIt provides information about the financial conditions,performance,and cash flows of an organization to interested parties through financial statementsDefinition of Financial AccountingPrepare and analyze financial data to ensure accuracy and compliance with accounting stan

4、dardsAssist management in decision making by providing financial information and analysisPrepare financial statements,including income statements,balance sheets,and cash flow statementsEnsure compliance with tax laws and regulationsThe responsibilities of financial accountantsHelps investors and cre

5、dits make informed decisions about an organizations financial health and performanceProvide a basis for management to monitor and control the financial affairs of the organizationHelps maintain the integrity of the financial reporting system by ensuring accuracy and transparency in financial informa

6、tionSupports decision making by providing a basis for evaluating investment opportunities,managing finances,and planning future operationsThe Importance of Financial AccountingFundamentals of Financial AccountingFundamentals of Financial Accounting02Assets-Resources controlled by the entity as a res

7、ult of past events and from which future economic benefits are expected to flow into the entityLiability-Obligations of the entity arising from past events,the settlement of which is expected to result in an output from the entity of resources embodying economic benefitsAccounting elementsEquity-The

8、 residual interest in the assets of the entity that remains after deducting all its liabilitiesIncome-A increase in economic benefits during the accounting period in the form of inflows of cash,cash equivalents or non cash assetsExpenses-A decrease in economic benefits during the accounting period i

9、n the form of outflows of cash,cash equivalents or non cash assets that result in a decrease in an asset or increase in a reliability that will generate cash inflows in future accounting periodsAccounting elementsCorporations-Entities that are separate and distinct from their owners and that have be

10、en incorporated under the laws of the country or country where it is dominantPartners-Two or more people associated together as co owners of a business and sharing its profits and lossesSolid Properties-Businesses owned and operated by a single individual,who is personally feasible for all the debts

11、 and objectives of the businessAccounting subjectsDebit-An entry made on the left side of an account to record increases in assets or decreases in liabilitiesCredit-An entry made on the right side of an account to record decreases in assets or increases in liabilitiesAccounting entriesFinancial stat

12、ementsBalance Sheet-A financial statement that provides information about a companys assets,liabilities,and equity at a specific point in time It gives a snapshot of the companys financial positionIncome Statement-A financial statement that provides information about a companys revenue,expenses,and

13、profit or loss over a specific period of time,commonly a financial year or quarter It shows how much money the company made or lost over that periodCash Flow Statement-A financial statement that provides information about a companys cash flows generated from operating,investing,and financing activit

14、ies over a specific period of time It helps investors and auditors understand how well the company is managing its cash resourcesPractice for Financial AccountingPractice for Financial Accounting03Daily accounting processing includes recording financial transactions,preparing financial statements,an

15、d ensuring accuracy of accounting recordsIt is essential to maintain proper accounting records to ensure compliance with legal and regulatory requirementsDaily accounting processing requires attention to detail and a high level of accuracy to ensure the integrity and reliability of financial informa

16、tionDaily accounting processingCost accounting is a critical aspect of financial accounting,as it involves tracking and analyzing the costs of production,services,and other expensesCost accounting provides valuable information to management,such as the identification of cost drivers,the evaluation o

17、f cost effectiveness,and the development of cost saving strategiesCost accounting is essential for decision making,as it allows management to compare costs with revenues and benefits to assess the economic viability of various business activitiesCost accountingTax processing involves calculating tax

18、es due,preparing tax returns,and ensuring compliance with tax laws and regulationsTax processing requires a thorough understanding of tax laws and regulations to ensure accurate calculations and fittingsTax processing also requires attention to detail and a high level of accuracy to avoid penalties

19、and interest chargesTax processingFinancial analysis is a critical component of financial accounting,as it involves the evaluation and interpretation of financial data to assess the financial health and performance of an organizationFinancial analysis provides valuable insights into the financial co

20、nditions and performance of an organization,such as trends in revenue,expenses,cash flow,and profitabilityFinancial analysis is essential for decision making,as it allows management to identify opportunities for improvement,assessment risk,and make informed decisions about investment,financing,and o

21、ther financial decisions010203Financial analysisFinancial Accounting English Financial Accounting English TerminologyTerminology04Asset TerminologyFixed AssetsLong term assets that are expected to remain with the company for a significant period of time,such as land,buildings,and equipmentCurrent As

22、setsShort term assets that are expected to be converted into cash or used up within a year,such as inventory,cash,and receipts Debt that is expected to be repaired over a long period of time,such as bonds or loans with a material date greater than one yearLong Term Debt Debt that is expected to be r

23、epaired within a short period of time,such as accounts payable or short term loansShort Term DebtDebt related terms The amount of capital invested by shareholders in the company The net income or loss that is retained by the company and not distributed to shareholdersTerminology related to owners eq

24、uityRetained EarningsPaid In Capital The income generated by the company from its operationsRevenue The costs incurred by the company in connection with its operationsExpensesTerminology related to income and expensesApplication scenarios of financial Application scenarios of financial accounting En

25、glishaccounting English05 When communicating with foreign clients,financial accounting English is used to exchange business letters,emails,and other written communication This ensures clarity and accuracy in the transfer of financial informationBusiness Correspondence English is the language of glob

26、al business,and there are,it is essential to understand and interpret financial statements prepared in English This includes understanding balance sheets,income statements,cash flow statements,and other relevant financial reportsFinancial StatementsExchange financial information with foreign clients

27、Global Reporting Standards English is the language used to prepare and publish financial reports that comply with global reporting standards such as the International Financial Reporting Standards(IFRS)These reports provide valuable insights into the financial health and performance of companies acr

28、oss the world要点一要点二Comparative Analysis By reading financial reports in English,investors and analyses can compare the financial performance and position of companies across different countries and industries This enables them to make informed decisions about investment opportunities and risk manage

29、mentReading international financial reportsNegotiation Documents During international business negotiations,financial accounting English is used to prepare and understand negotiation documents such as offers,counteroffers,and agreements This ensures that all parties involved have a clear understandi

30、ng of the financial terms and conditions of the dealCross cultural Understanding In addition to the technical language of finance,professionalism in English is essential for building trust and understanding during negotiations It helps participants from different cultural backgrounds to communicate

31、effectively and reach concerns on financial mattersFinancial English in International Business NegotiationsDevelopment Trends and Challenges of Development Trends and Challenges of Financial AccountingFinancial Accounting06Innovation in Reporting Standards The future of financial accounting lies in

32、the development of more transparent and consistent reporting standards that are globally recognizedTechnology Integration With the increasing use of AI,blockchain,and big data analytics,financial accounting will integrate these technologies to automate and streamline financial reporting processesEvo

33、lving Regulatory Environment Regulatory bodies worldwide are continuously improving financial reporting requirements to ensure transparency and accountabilityThe Future Development of Financial AccountingAdopting Automation01 Implementing automation tools to reduce human errors and improve efficienc

34、y in financial reporting processesData Security and Privacy02 Ensuring the security of sensitive financial data and compiling with privacy regulations to limit the risks associated with digitizationUpskill Workforce03 Providing training and development opportunities for accountants to acquire digital skills and adapt to the changing landscapeResponding to the challenges of the digital waveGlobal Harmonization:Promote the Harmonization of finImprove the internationalization level of financial accounting感谢观看THANKSTHANKS