财会英语辅导热招
您的位置:外语教育网 > 财会英语 > 财会实务 > 正文

会计英语 第八讲

2009-02-06 09:19   来源:涉外会计       我要纠错 | 打印 | 收藏 | | |

  Text 8 Accounts and Notes Receivables

  Use the allowance method of accounting for uncollectibles. Credit sales create receivables. Accounts receivable are usually current assets, and notes receivable may be current or long-term. Uncollectible receivables are accounted for by the allowance method or the direct write-off method. The allowance method matches expenses to sales revenue and also results in a more realistic measure of net accounts receivable.

  Estimate uncollectibles by the percentage of sales and the aging approaches. The percentage of sales method and the aging of accounts receivable method are the two main approaches to estimating bad debts under the allowance method.

  Use the direct write-off method of accounting for uncollectibles. The direct write-off method is easy to apply, but it fails to match the uncollectible-account expense to the corresponding sales revenue. Also, Accounts receivable are reported at their full amount, which misleadingly suggests that the company expects to collect all its accounts receivable.

  In credit-card sales, the seller receives cash from the credit-card company (American Express, for example), which bills the customer. For the convenience of receiving cash immediately, the seller pays a fee that is a percentage of the sale.

  Identify internal control weaknesses in accounts receivable. Companies that sell on credit receive most customer collections in the mail. Good internal control over mailed-in cash receipts means separating cash-handling duties from cash accounting duties.

   Account for notes receivable. Notes receivable are formal credit agreements. Interest earned by the creditor is computed by multiplying the note's principal amount by the interest rate times the length of the interest period.

  Because notes receivable are negotiable, they may be sold. Selling a note receivable——called discounting a note——creates a contingent(possible) liability for the note's payee.

  Report receivable on the balance sheet. All accounts receivable, notes receivable, and allowance accounts appear in the balance sheet. However, companies use various formats and terms to report these assets.

  Use the acid-test ratio and days' sales in receivables to evaluate a company's position. The acid-test ratio measures ability to pay current liabilities from the most liquid current assets. Days' sales in receivables indicates how long it takes to collect the average level of receivables.

  New Words

  allowance method 备抵法

  uncollectibles n. 不能收回的款项;坏帐

  receivables n.应收帐款

  long-term n. 长期(一年以上)

  account vt. 会计处理

  write——off n. 销记,划销,转销

  revenue n. 收入,收益

  accounts receivable n. 应收帐款

  credit sales n.赊销

  notes receivable n. 应收票据

  current asset n. 流动资产

  net accounts receivable n. 应收帐款净额

  approach n. 方法

  aging of accounts receivable 应收帐款帐龄分析

  bad debts n. 呆帐,坏帐

  corresponding adj. 相应的,对应的

  American Express n. 美国运通卡

  fee n. 费用

  internal adj. 内部的,内在的

  receipts n. (复数)收入

  creditor n. 债主,债权人

  compute vt.计算

  multiply vt. 乘

  principal adj. 主要的;资本的;本金的

  negotiable adj. 可转让的,可流通的

  discount vt. 打折扣,贴现

  contingent adj.应急的,意外的

  liability n. 负债

  payee n.收款人

  balance sheet n. 资产负债表

  format n. 形式

  acid- test ratio 酸性实验比率(以流动负债与流动资产作比较)

  evaluate v.估价,评价

  current liabilities n. 流动负债,经常性贷款,短期贷款

  上一篇:  会计英语 第五讲

  下一篇:  会计英语 第六讲

相关资讯:
网站导航:
 四六级 指南 动态 经验 试题 资料  托福 指南 动态 经验 留学 备考
 雅思 指南 动态 机经 经验 辅导  公共英语 指南 动态 备考 试题 辅导
 日语 就业 辅导 留学 考试 报考  法语 资料 文化 考试 留学 辅导
 韩语 入门 口语 阅读 留学 文化  西语 辅导 资料 考试 留学 风采
基础财会英语
150元/门
系统讲解知识,全面提升水平
财经基础英语
150元/门
中英双语授课,打通学习障碍

外语教育网(www.for68.com)是北京东大正保科技有限公司(CDEL)旗下一家大型外语远程教育网站,正保科技成立于2005年7月,是国内超大型外语远程教育基地,上榜“北京优质教育资源榜”--“百万读者推崇的网络教育机构”。


公司凭借雄厚的师资力量、先进的网络视频多媒体课件技术、严谨细致的教学作风、灵活多样的教学方式,为学员提供完整、优化的外语课程,既打破了传统面授的诸多限制,发挥了网络教育的优势,也兼顾面授的答疑与互动特点,为我国培养了大量优秀的外语人才。


为了满足学员学习不同语种、不同阶段的学习需求,网站开设了包括考试英语、行业英语、实用口语以及小语种在内的百余门语言学习课程,涵盖英语、日语、韩语、俄语、德语、法语、西班牙语、意大利语、阿拉伯语等主要语种,供学员自由选择。此外,网站还拥有各类外语专业信息和考试信息20余万条,是广大学员了解外语类考试最新政策、动态及参加各语种培训的优质网站。


北京东大正保科技有限公司成立于2000年,是一家具备网络教育资质、经教育部批准开展远程教育的专业公司,为北京市高新技术企业、中国十大教育集团、联合国教科文组织技术与职业教育培训在中国的唯一试点项目。


公司下属13家行业远程教育网站,业务涵盖了会计、法律、医学、建设、自考、成考、考研、中小学、外语、信息技术、汉语言教学等诸多领域,拥有办公面积8000多平米,员工近千人,公司年招生规模达270万人。由于正保远程教育(China Distance Education Holdings Ltd., CDEL)在中国互联网远程教育行业内的绝对优势和强大影响力,正保教育模式一直被广大投资人所追捧。2008年7月30日,公司在美国纽约证券交易所正式挂牌上市(股票交易代码:DL),是2008年唯一一家在美国纽交所上市的专业从事互联网远程教育的中国企业。


版权声明
   1、凡本网注明 “来源:外语教育网”的所有作品,版权均属外语教育网所有,未经本网授权不得转载、链接、转贴或以其他方式使用;已经本网授权的,应在授权范围内使用,且必须注明“来源:外语教育网”。违反上述声明者,本网将追究其法律责任。
  2、本网部分资料为网上搜集转载,均尽力标明作者和出处。对于本网刊载作品涉及版权等问题的,请作者与本网站联系,本网站核实确认后会尽快予以处理。
  本网转载之作品,并不意味着认同该作品的观点或真实性。如其他媒体、网站或个人转载使用,请与著作权人联系,并自负法律责任。
  3、本网站欢迎积极投稿
  4、联系方式:
编辑信箱:for68@chinaacc.com
电话:010-82319999-2371