Baihockinhte

Bài

Paragraph 1: Historical Cost Accounting vs. Current Cost or Replacement Cost Accounting

-Recording assets at their original purchase price, minus accum13ulated depreciation charges.

-Valueing assets (and related expenses like depreciation) at the price that would have to be paid to replace them (or to buy a more modern equivalent) today.

Paragraph 2: Three Financial Statements

-Profit and Loss Account or Income Statement

-Balance Sheet

-Cash Flow Statements

Paragraph 3: Profit and Loss Account or Income Statement

-The profit and loss account (GB) or income statement (US) shows earnings or income and expenditure. (REVENUE S-EXPENSES= NET INCOME.):

-REVENUES>EXPENSES= NET INCOME

-REVENUES<EXPENSES= NET lOSS

Paragraph 4: Balance Sheet

-It lists the company’s assets, its long-term and short-term liabilities, and shareholders’ (stockholders’) funds. :

-Assets=liabilities +stockholders’equity.

Paragraph 5: Basic Accounting Equation(h)

-the basic accounting equation is Assets – Liabilities = Owners’ Equity or Net Assets.

Paragraph 6: Fund Flows Statement, Source and Application of Funds Statement and Statement of Changes in Financial Position( bảng kê khai dòng luân chuyển của tiền)(h)

-This shows the flow of cash in and out of the business between balance sheet dates.

-Companies often distinguish between operating activities, and financing and investment activities.

Bài 14:

Paragraph 1: Commercial or retail banks(ngân hang thương mai )(h)

- trading in money

-receiving and hold deposits,

- paying money according to customers’ instructions,

-lending money,

- offering investment advice,

- exchanging foreign currencies

-making a profit from the difference between the interest rates they pay to lenders or depositors and those they charge to borrowers. . creating credit.

Paragraph 2: Investment or merchant banks( ngân hàng đầu tư )(h)

- Raising funds for industry

-Financing international trade,

- Issuing and underwrite...