Comprehensive Guide to Accounting Principles 21 in Chinese378

Chapter 1: Introduction* Definition and significance of accounting principles
* Conceptual framework for accounting standards
* Role of the Accounting Standards Board of the Ministry of Finance (ASB) in China

Chapter 2: Basic Accounting Concepts* Entity concept
* Going concern concept
* Monetary unit assumption
* Accrual basis accounting

Chapter 3: Accounting Equation and Basic Financial Statements* Assets, liabilities, and equity
* Accounting equation (Assets = Liabilities + Equity)
* Balance sheet, income statement, and statement of cash flows

Chapter 4: Recording Transactions* Types of transactions
* Journal entries
* Posting to ledger accounts
* Trial balance

Chapter 5: Adjusting Entries* Accrued revenues and expenses
* Deferred revenues and expenses
* Depreciation and amortization

Chapter 6: Financial Statement Preparation* Closing the accounting records
* Preparing the balance sheet, income statement, and statement of cash flows
* Interpreting financial statements

Chapter 7: Accounting for Inventories* Types of inventory
* Inventory cost flow assumptions (FIFO, LIFO, weighted average)
* Inventory valuation

Chapter 8: Accounting for Property, Plant, and Equipment* Acquisition and disposal of assets
* Depreciation methods
* Impairment testing

Chapter 9: Accounting for Intangible Assets* Definition and recognition criteria for intangible assets
* Amortization of intangible assets

Chapter 10: Accounting for Liabilities* Classification of liabilities (current and long-term)
* Measurement and recognition of liabilities
* Contingent liabilities

Chapter 11: Accounting for Equity* Share capital
* Retained earnings
* Dividends

Chapter 12: Accounting for Investments* Equity method
* Fair value method
* Impairment testing for investments

Chapter 13: Consolidations and Business Combinations* Types of business combinations (merger, acquisition, consolidation)
* Accounting for business combinations
* Goodwill and fair value adjustments

Chapter 14: Statement of Cash Flows* Indirect method vs. direct method
* Operating, investing, and financing activities
* Analysis of cash flows

Chapter 15: Financial Statement Analysis* Ratio analysis
* Trend analysis
* Comparative analysis
* Limitations of financial statement analysis

2024-10-22

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