CashandAccountsReceivableInventoryandLong-livedAssetsLiabilitiesSection

1CashandAccountsReceivablePart1

WorkplaceSpokenEnglish

FollowtheSamplesDialogue1Section1CashandAccountsReceivableA：Lucy,perhapsyouneedtosetupapettycashfund.B：Why?A：Allbusinessesshouldhaveapettycashfundforsmallvariouspurchases.B：Howmuchshouldwekeepinit?A：Thereshouldnotbealotofmoneykeptinthepettycashanditshouldalwaysbelockedup.Onlyoneortwopeopleshouldbeallowedaccesstothepettycash.B：Howdowesetupapettycashfundforournewbusiness?A：Writeacheckfromourbusiness.Makeitouttopettycash.Cashthatcheck.B：Isee.ThenIputthemoneyinadrawerinmydesk?

A：Yes.Thenwheneveryoutakemoneyoutofthereyouputareceiptoranoteinit.B：OK.Part1

WorkplaceSpokenEnglish1.FollowtheSamplesDialogue2Section1CashandAccountsReceivableA：AccountsReceivableisalsoknownasAR.Thisismoneythat’sowedtoabusinessbyitscustomers.B：Yes.Oftencustomersmakeapurchasebutwanttopaylater.ARisthewaytokeeptrackofthismoney.A：Weshoulddothebooksright.Keepaledgerforeachcustomerthatowesusmoney.B：That’salotofwork.Can’tIjustkeepageneralledgerforallcustomerswhoowe?A：No.Youneedaseparaterecordofeachcustomer’schargesandpayments.B：WhatelseshouldIpayattentionto?A：Accountsreceivableincludesallunpaidcustomerinvoice.B：Doesitalsoincludeanyothermoneythat’sowedtoourbusinessbycustomers?A：Yes.Rememberthatit’slistedasanassetonthebalancesheet.Recordasaleinthesalesandcashreceiptsjournal.Thenaddittotheledger.···CompletethedialogueaccordingtotheChinesehints·當(dāng)一名客人購買東西時，我將它記錄在銷貨和收據(jù)簿上。然后你將它登記在那個顧客的應(yīng)收賬款分類賬上。_______________________________________________________________________________Part1

WorkplaceSpokenEnglishSection1CashandAccountsReceivable

2.PutinUse12_______________________________________________________________________________有時候他們不付錢給我們，簿記也更困難。此外，我討厭催款，打電話告訴別人還債是很尷尬的。_______________________________________________________________________________Part1

WorkplaceSpokenEnglishSection1CashandAccountsReceivable

2.PutinUse45_______________________________________________________________________________但是讓顧客賒購時要小心，那可能會花我們很多錢。_______________________________________________________________________________3Part2

IntensiveReadingSection1CashandAccountsReceivable

CashNewWordsandSpecialTerms1.deposit[d?'p?z?t]

n. 存款，定金2.cashier[k?'???]

n. 出納員3.validate['v?l?de?t]

v. 驗證，證實4.issue['??u?]

v. 發(fā)行，發(fā)出5.reconciliation[;rek?ns?l?'e??n]

n. 調(diào)節(jié)，調(diào)和6.lag[l?g]

n. 落后，緩慢7.courier['k?r??] n. 快遞8.replenish[r?'plen??] v. 補(bǔ)充，補(bǔ)足9.promptpayment 即時支付10.moneyorder 匯票11.electronicfundstransfer 電子資金轉(zhuǎn)賬Part2

IntensiveReadingSection1CashandAccountsReceivable

CashNewWordsandSpecialTerms12.currentassets 流動資產(chǎn)13.settlementofliabilities 償還負(fù)債14.checkingaccount 支票賬戶15.signaturecard 簽名卡16.computerizedaccountingsystem 會計電算化系統(tǒng)17.bankreconciliation 銀行存款余額調(diào)節(jié)表18.bankstatement 銀行對賬單19.adviceslip 扣款通知書20.timelag 時間滯后21.cashshortagesoroverages

現(xiàn)金短缺或溢余Part2

IntensiveReadingSection1CashandAccountsReceivable

CashExercisesI.Answerthefollowingquestionsaccordingtothepassage.1.Whatiscash?

2.Whydoesacompanyneedtokeepsomecash?

3.Whatisimportantforbothindividualsandbusinesses?

4.Whyisthereusuallydifferencebetweenthecashbalanceonthebankstatementandthecashbalanceinthedepositor’scashaccount?

5.Whatiscalledreconcilingthebankaccount?————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————Part2

IntensiveReadingSection1CashandAccountsReceivable

CashExercisesII.Completethefollowingstatementsaccordingtothepassage.1.Cashislistedfirstinthecurrentassetssectionofthebalancesheet,becauseitisthemost____________ofallcurrentassets.2.Whenyouopenacheckingaccount,youarerequiredtosignasignaturecard.Thiscardcontainsthesignatureofeachpersonauthorizedto__________ontheaccount.3.Eachmonth,thebusinessreceivesfromthebankabankstatementshowing__________.4.Abasicprincipleofcontrollingcashdisbursementsisthatallpaymentsaremade______.5.Wheneachdisbursementismade,thepersonreceivingpaymentsigns___________.Thepettycashreceiptisthenplacedinthepettycashboxwiththeremainingmoney.6.Sometimesapettycashierfailstogetareceiptforpaymentorpaysmoreorlessthantheamountdue.Theseerrorscausecash___________attheendoftheperiod.Part2

IntensiveReadingSection1CashandAccountsReceivableCashExercisesIII.Matchthefollowingphraseswiththeirmeanings.1.bankreconciliation

銀行對賬單2.

bankstatement

銀行存款余額調(diào)節(jié)表3.

settlementofliabilities扣款通知書4.checkingaccount 現(xiàn)金短缺或溢余5.currentassets 匯票6.adviceslip 即時支付7.timelag 償還負(fù)債8.cashshortagesoroverages 支票賬戶9.promptpayment

時間滯后10.moneyorder 流動資產(chǎn)Part2

IntensiveReadingSection1CashandAccountsReceivable

CashExercisesIV.Fillintheblankswiththewordsgivenbelow,andchangetheformwhennecessary.cashequivalentshort-termliquidbalancesheetbondmarketablesecuritiesmarketfundcashmarketvalueasset__________islistedfirstinthebalancesheetbecauseitisthemost_________ofallassets.Forpurposesofbalancesheetpresentation,thebalanceinthecashcontrolaccountiscombinedwiththatofthecontrolaccountfor__________.Some__________investmentsaresoliquidthattheyaretermedcashequivalents.Examplesincludemoney__________,U.S.Treasurybillsandhigh-gradecommercialpaper(veryshort-termnotespayablethatareissuedbylarge,creditworthycorporations).These__________areconsideredsosimilartocashthattheyarecombinedwithcashinthe__________.Therefore,thefirstassetlistedinthebalancesheetofteniscalledCashandCashEquivalents.Toqualifyasacashequivalent,aninvestmentmustbeverysafe,haveaverystable__________,andmaturewithin90daysofthedateofacquisition.Investmentsineventhehighestqualitystocksand__________oflargecorporationsarenotviewedasmeetingthesecriteria.Short-terminvestmentsthatdonotqualifyascashequivalentsarelistedinthebalancesheetas__________.Part2

IntensiveReadingSection1CashandAccountsReceivable

CashExercisesV.TranslatethefollowingsentencesintoChinese.————————————————————————————————————1.Cashistheonlyassetwidelyusedinreal-timepayment.Managersneedtocontrolaccesstocashoveremployeesandotherswhoareinclinedtotakeitforpersonaluse.————————————————————————————————————2.Acheckisawrittendocumentsignedbythedepositor,orderingthebanktopayasumofmoneytoanindividualorcompany.Itisseriallynumberedandisimprintedwiththedepositor’snameandaddress.Part2

IntensiveReadingSection1CashandAccountsReceivable

CashExercisesV.TranslatethefollowingsentencesintoChinese.————————————————————————————————————4.Inthisprocess,abankreconciliationisprepared,whichisdividedintotwosections—oneforthebankandoneforthecompany’sbooks.————————————————————————————————————5.Adecisiontoincreaseordecreaseapettycashfundisusuallymadewhenreimbursingit.————————————————————————————————————3.Eachcheckshouldclearlyexplainitspurpose.Formanycompanies,thepurposeofacheckiswritteninspaceprovidedonthecheckstub（存根）.Part2

IntensiveReadingSection1CashandAccountsReceivable

CashExercisesVI.Caseproblems.Required:1.PreparetheBankReconciliation2.Preparethejournalentriestoadjustthebookbalanceofthedepositorinstrumentsofcredit 信貸工具loanstocompanyofficers 應(yīng)收職工借款advancestoemployees 預(yù)付雇員款項recognizingaccountsreceivable 應(yīng)收賬款的確認(rèn)valuingaccountsreceivable 應(yīng)收賬款的計量onaccount 賒銷baddebtsexpense 壞賬費(fèi)用Part3ExtensiveReadingSection1CashandAccountsReceivableReceivablesSpecialTermsuncollectibleaccountsexpense 無法回收賬款費(fèi)用thedirectwrite-offmethod 直接銷賬法allowancefordoubtfulaccounts 壞賬準(zhǔn)備賬戶acontra-assetaccount 資產(chǎn)備抵賬戶balancesheetapproach 資產(chǎn)負(fù)債表法incomestatementapproach 利潤表法Section2InventoryandLong-livedAssetsPart1WorkplaceSpokenEnglishSection2InventoryandLong-livedAssets

1.FollowtheSamplesDialogue1A：Thevalueofthelongtermassetswillchangefromyeartoyear.B：Isthatchangerepresentedbyaccumulateddepreciation?A：Yes.Depreciationisanexpenseeventhoughnocashgoesoutofthebankaccount.B：Thenwheredoesitcomefrom?A：Depreciationlikeallotherexpensesisdeductedfromincome.B：OK.Iunderstandthatpart.Howdoyoucalculatedepreciationonsomething?A：Thereareseveralways.Theeasiestisthedecliningbalancemethod（余額遞減

法）.B：What’sthat?

A：Apercentofthedecliningvalueyoudeductedeachyearoverthelifeoftheasset.Part1WorkplaceSpokenEnglishSection2InventoryandLong-livedAssets

1.FollowtheSamplesDialogue2A：Wilson,couldyouexplainwhat’sgoingonherewiththesemonthlystatements?B：Sure,Lucy.HowcanIhelpyou?A：Idon’tunderstandthislast-in,first-outinventoryprocedure.Itjustdoesn’tmakesense.B：Well,whatitmeansisthatweassumethatthelastgoodswereceivearethefirstonessold.Sotheinventoryismadeupoftheitemswepurchasedfirst.A：Yes,butthat’smyproblem.Itdoesn’tworkthatway!Wealwaysdistributetheoldestproductsfirst.Someoftheproductsareperishable（易腐壞的）!Wecan’tkeepanyofthemverylongorit’llspoil.B：Lucy,youdon’tunderstand.Weonlyassumethattheproductswedistributearethelastonesreceived.Wedon’thavetodistributethegoodsinthisway.A：Ialwaysthoughtthataccountingwassupposedtoshowwhatreallyhappened.Part1WorkplaceSpokenEnglishSection2InventoryandLong-livedAssets

2.PutinUse···CompletethedialogueaccordingtotheChinesehints·露西，請你解釋一下什么是長期資產(chǎn)？當(dāng)然可以。長期資產(chǎn)是被用于企業(yè)經(jīng)營的，而不是用于銷售的資產(chǎn)。_______________________________________________________________________________12_______________________________________________________________________________長期資產(chǎn)有哪些分類？_______________________________________________________________________________3Part1WorkplaceSpokenEnglishSection2InventoryandLong-livedAssets

2.PutinUse他們被分為三類：有形長期資產(chǎn)，無形資產(chǎn)和自然資源。長期資產(chǎn)按照其最初的歷史成本估值。_______________________________________________________________________________45_______________________________________________________________________________為什么長期資產(chǎn)要被計提折舊。6_______________________________________________________________________________Part2IntensiveReadingSection2InventoryandLong-livedAssets

InventoryNewWordsandSpecialTerms1.merchandise['m??t??nda?z]

v. 經(jīng)營，推銷2.identical[a?'dent?kl]

a. 同一的，相同的3.differentiate[;d?f?'ren??e?t]

v. 區(qū)別，區(qū)分4.perpetual[p?'pet???l]

a. 永久的，不斷的5.allocate['?l??ke?t]

v. 分派，分配6.stable['ste?bl]

a. 平穩(wěn)的7.merchandiseinventory 商品存貨8.perunitcosts 單位成本9.specificidentification 個別辨認(rèn)法10.weighted-average 加權(quán)平均法11.first-in,first-out(FIFO) 先進(jìn)先出法12.last-in,first-out(LIFO) 后進(jìn)先出法13.big-ticketitems 單價很高的商品14.perpetualinventorysystem 永續(xù)盤存制15.inventorysystem 存貨盤存制16.inventorycostingmethod 存貨計價方法Part2

IntensiveReadingExercisesI.Answerthefollowingquestionsaccordingtothepassage.Section2InventoryandLong-livedAssets

Inventory————————————————————————————————————1.Whataretheinventories?————————————————————————————————————2.Whyisinventoryclassifiedascurrentasset?————————————————————————————————————3.Whatisoneofthemostimportantdecisionsinaccountingforinventory?Part2

IntensiveReadingExercisesI.Answerthefollowingquestionsaccordingtothepassage.Section2InventoryandLong-livedAssets

Inventory————————————————————————————————————4.Howmanymethodsarethereinassigningcoststoinventoryandcostofgoodssold?————————————————————————————————————5.Whatisthemeaningof“big-ticket”?Part2

IntensiveReadingExercisesII.Completethefollowingstatementsaccordingtothepassage.Section2InventoryandLong-livedAssets

Inventory1.Foramanufacturingcompany,therawmaterials,work-in-processandfinishedgoodsareincludedininventory.Thus,manufacturingcompaniesnormallyhave________________.2.

Amajorgoalinaccountingforinventoryismatching______________________againstrevenues,whichisimportanttoproperlycomputeincome.3.

Acostflowmethodisacceptablewhetherornottheactualphysicalflowofgoodsfollows________________.4.

Eachoftheinventorycostflowmethodsdescribedinthislessonmayalsobeusedina_____________________.5.Theresultforspecificidentificationmethoddependsonthe________________whencostingthegoodssoldandendinginventory.6.Inaperiodofrisingprices,FIFOproducesalowercostofgoodssoldandthusahighernetincomethan________________.Part2

IntensiveReadingExercisesIII.Matchthefollowingphraseswiththeirmeanings.1.perunitcosts 永續(xù)盤存制2.specificidentification 存貨盤存制3.first-in,first-out(FIFO)加權(quán)平均法4.big-ticketitems 商品存貨5.weighted-averagemethod單位成本6.merchandiseinventory 個別辨認(rèn)法7.inventorysystem 先進(jìn)先出法8.last-in,first-out(LIFO) 存貨計價方法9.perpetualinventorysystem 單價很高的商品10.inventorycostingmethod 后進(jìn)先出法Section2InventoryandLong-livedAssets

InventoryPart2

IntensiveReadingExercisesIV.Fillintheblankswiththewordsgivenbelow,andchangetheformwhennecessary.manufacturetangibleinventoryprocessfinishconversionmaterialphysicalrawacquireSection2InventoryandLong-livedAssets

InventoryRetailstores,wholesalers,distributorsandsuchsimilarcompaniesthatsell_______goodsaremerchandisingcompanies.Amerchandisingcompanysellsgoodsinthesame_______formsubstantiallyasthatinwhichit_______them.Thesecompanies’costofsalesistheacquisitioncostofthegoodsthataresold.Onthebalancesheetacurrentasset,Merchandise_______,showsthecostofgoodsthathavebeenacquiredbutnotyetsoldasofthebalancesheetdate.Amanufacturingcompanyconverts_______materialandpurchasedpartsintofinishedgoodsthataresoldtoindividualcustomers.Thesecompanies’costofsalesincludethe_______costsaswellastherawmaterialandpartscostsofthegoodsthataresold.Amanufacturingcompanyhasthreetypesofinventoryaccounts:_______,workinprocess,andfinishedgoods.Thegoodsanentityhasonhandisreferredtoasa_______good.Thematerialbeingusedtomakethegoodsisreferredtoasrawmaterials.Therawmaterialin_______ofbeingcompletedisreferredtoasworkinprocess.Becausebothmerchandisingandmanufacturingcompaniesselltangiblegoods,theirincomestatementssometimesusethetermcostofgoodssoldratherthancostofsales.Weshallusethetwotermsinterchangeablyformerchandisingand_______companies,butuseonlycostofsalesforserviceorganizations.Part2

IntensiveReadingExercisesV.TranslatethefollowingsentencesintoChinese.————————————————————————————————————1.Perpetualinventorysystemisasystemofaccountingformerchandisethatprovidesacontinuousrecordshowingthequantityandcostofallgoodsonhand.————————————————————————————————————2.Companiesthatsellproductsofhighunitvaluesuchasautomobilesandtelevisionsetsusuallymaintainaperpetualinventorysystemthatshowsatalltimestheamountofinventory.Section2InventoryandLong-livedAssets

InventoryPart2

IntensiveReadingExercisesV.TranslatethefollowingsentencesintoChinese.————————————————————————————————————3.Asmerchandiseisacquired,itisaddedtoaninventoryaccount;asgoodsaresold,theircostistransferredoutofinventoryandintoacostofgoodssoldaccount.Thiscontinuousupdatingoftheinventoryaccountexplainsthename“perpetualinventorysystem”.————————————————————————————————————4.Periodicinventorysystemisasystemofaccountingforinventoryinwhichinventoryatthebalancesheetdateisdeterminedbycountingandpricingthegoodsonhandusingaparticularcostflowassumption.Section2InventoryandLong-livedAssets

Inventory————————————————————————————————————5.Inaperiodicsystem,purchasesaredebitedtoapurchasesaccount,andend-of-periodentriesaremadetoclosethepurchasesaccount,closeoutbeginninginventory,andtorecordtheendinginventoryasanasset.Part2

IntensiveReadingSection2InventoryandLong-livedAssets

InventoryExercisesVI.Caseproblems.Required:DeterminethecostoftheendinginventoryatMarch31using1.FIFOcostflowmethod2.LIFOmethod3.Weightedaveragemethod

tangibleplantassets 有形長期資產(chǎn)plantassetssubjecttodepreciation 計提折舊的長期資產(chǎn)incidentalcosts 雜費(fèi)value-addedtax 增值稅Part3ExtensiveReadingLong-livedAssetsSpecialTermsSection2InventoryandLong-livedAssetsbookvalue 賬面價值thestraight-linemethod 直線法residualvalue 剩余價值thedouble-declining-balancemethod 雙倍余額遞減法Section3LiabilitiesPart1WorkplaceSpokenEnglishSection3Liabilities

1.FollowtheSamplesDialogue1A：TheonethingaboutAPisthatitalwaysgoesupasabusinessdoesbetter.B：Yes.Themoreyoumake,themoreyouspend.A：It’snotthat.Ifyouaremakingmore,youarebusier.Youneedtoexpand.B：Yes.Thenyouwillspendmorebecauseyouroperationisbigger.A：Butitworkstheotherwaytoo.Iftherearefewersales,there’slessAPtodo.B：Youareright.NowIhavelotsofchequestosendoutasthesizeofourcompany’sbusinesshasbeengrowingrapidly.A：Doyouphotocopytheinvoiceandsendthecopybackwiththecheque?B：Yes.Iliketodothat.Ibelievethatit’sbettertobesafethansorry.Part1WorkplaceSpokenEnglishSection3Liabilities

1.FollowtheSamplesDialogue2A：Weneedtogooverthebooks.Wedon’tseemtobemakinganymoney.B：Thebookwillbeabletoshowuswhatourrevenuesandexpensesare.A：Whatwereourrevenuesinthelastfourweeks?Canyoutellme?B：Accordingtothebooks,webroughtinamilliondollarsinthelastfourweeks.A：That’sgreat.Ican’tbelievewemadesomuchmoney.B：Butthereisaproblem.Youneedtoknowthatwespentalmostthesameinthattime.A：Ifwearespendingalmostasmuchaswebringin,ourexpensesareoutofcontrol.B：Youareright.Somethingmustbedoneimmediately.Part1WorkplaceSpokenEnglish

2.PutinUse···CompletethedialogueaccordingtotheChinesehints·AP是應(yīng)付賬款的縮寫。應(yīng)付賬款是一家公司欠它的供貨商或債權(quán)人的錢。_______________________________________________________________________________12_______________________________________________________________________________Section3LiabilitiesPart1WorkplaceSpokenEnglish

2.PutinUse應(yīng)付賬款信息應(yīng)該總是與應(yīng)收賬款信息分開放。_______________________________________________________________________________4Section3Liabilities在記賬中怎樣處理應(yīng)付賬款？_______________________________________________________________________________3Part2IntensiveReadingCurrentLiabilitiesNewWordsandSpecialTerms1.frame[fre?m]

n. 結(jié)構(gòu)，框架2.segregation[;segr?'ge??n]

n. 隔離，分開3.vendor['vend?] n. 賣家，小販4.obligation[;?bl?'ge??n]

v. 義務(wù)，債務(wù)5.promissory['pr?m?s?r?]

a. 約定的，約好的6.specify['spes?fa?]

v. 具體指定，明確說明7.command[k?'m?nd]

v. 贏得，控制8.subscription[s?b'skr?p?n]

n. 訂閱9.contingent[k?n't?nd??nt]

a. 可能發(fā)生的10.warranty['w?r?nt?]

n. 擔(dān)保，保證11.pending['pend??]

a. 懸而未決的12.litigation[;l?t?'ge??n]

n. 訴訟13.currentliabilities 流動負(fù)債14.liabilitieswithknownamounts 已知數(shù)額的負(fù)債

Section3LiabilitiesPart2

IntensiveReadingNewWordsandSpecialTerms15.wagespayable 應(yīng)付工資16.interestpayable 應(yīng)付利息17.dividendspayable 應(yīng)付紅利18.titletoassets 資產(chǎn)的所有權(quán)19.realestate 不動產(chǎn)20.non-interest-bearingnotes 不帶息應(yīng)付票據(jù)21.interestrate 利率22.principalamount 本金金額Section3LiabilitiesCurrentLiabilitiesPart2

IntensiveReadingExercisesI.Answerthefollowingquestionsaccordingtothepassage.Section3Liabilities

CurrentLiabilities1.Whatisaliability?

2.Whatdoaccountspayablerepresent?

3.Whatarenotespayable?

4.Isadvancepaymentaliability?Why?

5.Whatisacontingentliability?

————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————Part2

IntensiveReadingExercisesII.Completethefollowingstatementsaccordingtothepassage.Section3LiabilitiesCurrentLiabilities1.Currentliabilitiesareamountspayablewithinoneyearfromthedateofthebalancesheetorwithinthenormal___________,wherethisislongerthanayear.2.

Afirstessentialofsatisfactoryinternalcontroloveraccountspayableisthesegregationofdutiessothata___________toacreditorwillbemadeonlyafterapprovalofthepurchasing,receiving,accounting,andfinancedepartment.3.

Notesmaybecategorizedas___________ornon-interest-bearingnotes.4.Interest-bearingnotesspecify___________tobeappliedtothefaceamountincomputinginterestpayments.5.

Generally,theamountofacontingentliabilitymustbe___________;theactualamountcannotbedetermineduntiltheeventthatconfirmstheliabilityoccurs.6.Contingentliabilitiesarerecordedasactualliabilitiesonlyifitisprobableanditsamountcanbe___________.Part2

IntensiveReadingExercisesIII.Matchthefollowingphraseswiththeirmeanings.1.liabilitieswithknownamounts 利率2.wagespayable

流動負(fù)債3.interestpayable 應(yīng)付紅利4.dividendspayable 不帶息應(yīng)付票據(jù)5.currentliabilities 應(yīng)付利息6.titletoassets 已知數(shù)額的負(fù)債7.realestate

本金金額8.non-interest-bearingnotes資產(chǎn)的所有權(quán)9.interestrate

應(yīng)付工資10.principalamount 不動產(chǎn)Section3LiabilitiesCurrentLiabilitiesPart2

IntensiveReadingSection3

Liabilities

CurrentLiabilitiesExercisesIV.Fillintheblankswiththewordsgivenbelow,andchangetheformwhennecessary.obligationnegativetermevaluaterecordfinancialconceptcreditorpresentfinanceLiabilitiesare_______obligationsordebts.Theyrepresent_______futurecashflowsfortheenterprise.Thepersonororganizationtowhichthedebtisowediscalleda_______.Creditorsa