Unit 1  The Introduction to Accounting

  Section Ⅰ  What's Accounting?

  Section Ⅱ  Accounting Profession and Professional Ethics

  Extended Reading  The History and Development of Accounting

Unit 2  The Accounting Elements and Chart of Accounts

  Section Ⅰ  The Basic Accounting Elements

  Section Ⅱ  Chart of Accounts

  Extended Reading  Accounting Computerization

Unit 3  Accounting Equations and Double-entry System

  Section Ⅰ  Accounting Equations

  Section Ⅱ  Double-entry System

  Extended Reading  Double-entry Accounting: Debit-credit Bookkeeping

Unit 4  Accounting Vouchers

  Section Ⅰ  Source Documents

  Section Ⅱ  Bookkeeping Vouchers

  Extended Reading  Accounting Source Documents

Unit 5  Accounting Books

  Section Ⅰ  Journals

  Section Ⅱ  Ledgers

  Extended Reading  The General Ledger

Unit 6  Accounting Cycle

  Section Ⅰ  Definition of Accounting Cycle

  Section Ⅱ  Process of Accounting Cycle

  Extended Reading  How to Find Errors by Preparing Trial Balance

Unit 7  Current Assets

  Section Ⅰ  Cash

  Section Ⅱ  Accounts Receivable

  Section Ⅲ  Inventory

  Extended Reading  Short-term Investment

Unit 8  Long-term Assets

  Section Ⅰ  Long-term Investment

  Section Ⅱ  Fixed Assets

  Section Ⅲ  Intangible Assets

  Extended Reading  Depreciation Methods

Unit 9  Liabilities

  Section Ⅰ  Current Liabilities

  Section Ⅱ  Long-term Liabilities

  Extended Reading  ALM

Unit 10  Owner's Equity

  Section Ⅰ  Ownerships of Business Entity

  Section Ⅱ  Capital Stock

  Section Ⅲ  Retained Earnings

  Extended Reading  Return on Equity

Unit 11  Financial Statements

  Section Ⅰ  Balance Sheet

  Section Ⅱ  Income Statement

  Section m  Statement of Cash Flows

  Extended Reading  Objectives of Financial Statements

Unit 12  Analysis of Financial Statements

  Section Ⅰ  Purpose of Financial Statement Analysis

  Section Ⅱ  Methods of Financial Statement Analysis

  Section Ⅲ  Basic Financial Ratios

  Extended Reading  A General Perspective on Financial Statement Analysis

Appendix  Chinese-English Bilingual Version of Account Title for Business Enterprises

References