Accounting English (Second Edition)

Author: Ye Jianfang Sun Hongxing
Publisher:
Publish Date: 2005-12-01
Features: As China's economy continues to integrate into the global economy, the expansion of international exchanges and business activities has made it increasingly important to read financial statements and understand the accounting practices of different countries. When learning about foreign accounting practices, professional English often poses a significant barrier. This book aims to help readers master accounting vocabulary while enabling them to comprehensively learn Western accounting knowledge through reading, meeting the needs of international communication and cooperation. The book's distinctive feature lies in combining China's accounting standards while appropriately introducing relevant accounting practices and methods under the International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles (GAAP). It strives to help beginners understand the basic theories, methods, and skills of accounting in an English context. This book was written for teaching purposes and can be used as a textbook in ordinary universities and colleges. The book is divided into ten lessons. Lessons 1 to 2 describe the nature of accounting and the accounting information production process; Lessons 5 to 9 cover the recognition, measurement, and reporting of assets, liabilities, and equity; Lesson 10 is about the impact of corporate economic activities on cash flows and how to prepare a cash flow statement.