Click to edit title style,Click to edit Master text styles,Second level,Third level,Fourth level,Fifth level,*,Click to edit title style,Click to edit Master text styles,Second level,Third level,Fourth level,Fifth level,*,Accounting English,Unit Twelve,Learning Objectives,Unit Twelve,to make the entries for sales revenues under a perpetual inventory system;,to state the deductions from sales revenues;,to explain the revenue recognition principle.,Magazines that receive subscriptions in advance must record the receipts as unearned revenues. Likewise, airlines that receive ticket payments in advance must record the receipts as unearned revenues until the passengers use the tickets.,The tuition you pay at the beginning of each term is an example of a deferred expense to you, as a student.,Warming-up,Unit Twelve,Vocabulary,Unit Twelve,enhancement,render,ongoing,overnight,attorney,real estate,stem,associate,peripheral,extraordinary,增强(作用)，促进(作用),提出，开出,前进，开展,在短时内,律师,不动产；房地产,出自，来源于,关联,外部的,特别的，突出的，临时的,Notes,Unit Twelve,Revenues are the inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) during a period from delivering or producing goods, rendering services, or other activities that constitute the entitys ongoing major or central operations.,收入是指企业在销售或生产产品、提供劳务或其他维持企业持续正常运行的主要经营活动时所形成的资产流入或增加以及债务的清偿或两者的结合。,realization principle 实现原那么，也称收入实现原那么,这是用来指导收入确认的会计原那么。它的根本含义是，只有当赚取收入的过程根本完成，收入的金额可以计量，金额的收取根本确定的时候才应该在帐面上反映收入。,Notes,Unit Twelve,Expenses are outflows or other using up of assets or increase of liabilities (or a combination of both) during a period from producing or delivering goods, rendering services, or carrying out other activities that constitute the entitys major or central operations.,费用是指企业在生产或销售商品、提供劳务或其他日常主要经营活动中所发生地资产的外流或消消耗或债务的增加或两者的结合。,Exercises,Unit Twelve,II. Terms Study.,Match the terms in column A with the definitions in column B.,A,B,1. revenues,2. Sales Returns and Allowances,3. expenses,4. net income,5. gains,A. periodic change in owner,s equity or net assets of an entity as a result of transactions and other economic events that result in revenues, expenses, gains and losses,B. increases in owner,s equity or net assets that result from peripheral or incidental transactions by an entity,C. inflows or other enhancements of assets of an entity or settlements of its liabilities,D. outflows or other using up of assets or increase of liabilities,E. a contra revenue account to Sales,Exercises,Unit Twelve,III. Decide whether the following statements are true or false. Write T for true and F for false.,( )1. An expense always causes an increase in owners equity.,( ) 2. Expenses are sometimes described as “entity efforts or “entity sacrifices associated with the earning of revenue.,( ) 3. Gains arise from transactions and economic events that result in either revenues or owner investment,F,T,F,Exercises,Unit Twelve,( ) 4. To determine profit (a net amount) from sales, it is necessary to subtract cost of goods sold from sales revenue.,( ) 5. As in current practice, the term earnings sometimes will be used as a synonym for gross income, or as a way of capturing the elements (i.e., revenues, expenses, gains and losses) that make up income.,T,T,Exercises,Unit Twelve,IV. Translation the following into Chinese.,If the sale of goods concerns any cash discount, the revenue incurred by selling goods shall be ascertained in accordance with the amount prior to the deduction of the cash discount. The cash discount shall be included in the current profits and losses when it is actually incurred. If any trade discount in selling goods is concerned, the revenue incurred by selling goods shall be ascertained in accordance with the amount after the deduction of the trade discount.,企业销售商品涉及现金折扣的，应当按照扣除现金折扣前的金额确定销售商品收入金额。现金折扣在实际发生时计入财务费用。企业销售商品涉及商业折扣的，应当按照扣除商业折扣后的金额确定销售商品收入金额。,