Principles of Financial Accounting · 免费预览
「GAAP」背后的会计原则、假设与概念
财务报表建立在一个概念框架之上，其关键原则和假设包括收入与费用的确认、历史成本、充分披露、实体独立、谨慎性、货币计量、持续经营以及会计分期假设。
1. The framework that guides the rules
The framework that guides the rules
2. When revenue and expense are recognized
When revenue and expense are recognized
3. How assets are measured and disclosed
How assets are measured and disclosed
4. The assumptions that make reporting possible
The assumptions that make reporting possible
5. Revenue recognition timing
A printing company completes a job for a customer on August 10 and bills the customer, who pays on September 5. When is revenue recognized?
6. Matching principle
Employees work during April helping generate April revenue, but wages are paid in early May. Under the matching principle, where do the wages appear?
7. Historical cost
Equipment purchased for 40,000 dollars is now believed to be worth 60,000 dollars. At what amount does the equipment remain on the books?
8. Conservatism in estimates
Which reporting choice reflects conservatism when a loss is uncertain but possible?
9. Principle for paired costs
Complete the term. The principle that matches expenses with the revenues they helped produce in the same period is called the expense ____ principle.
10. Continuing operations assumption
Complete the term. The assumption that a business will continue operating in the foreseeable future is the ____ concern assumption.