Fianancial Accounting (published 2013)
Vietnamese accounting system has been improved in consistence with themarket economy and globalization trend. Up to now, legal framework of accounting is basically perfect with accounting law – 2003, 26 accounting standarts and business accounting regulations.
With a view to meet students’ and other readers’ need to study financial accounting in English, The Academy of Finance has decided to write the syllabus “Fianancial Accounting’ in English. The syllabus in written on the newest Vietnamese legal regulations on financial accounting and international financial reporting standards.
The authors use moderm approach to write this book, beginning with basic issues of accounting: The concepts, principles and double antry. The more complex problems are presented the next parts to help students understand the contents and how to prepare the financial statements.
The book was written by lectures of the Accounting faculty, co-chaired by PhD Mai Ngoc Anh and MA Nguyen Thi My Trinh, including:
1.PhD Mai Ngoc Anh – Co chief author, writer of Part I
2.MA Nguyen Thi My Trinh - Co chief author, writer of Part II
3.MA Nguyen Thi Hong Van - Writer of Part III
4. MA Nguyen Thi Phuong Tuyen – Co writer of Part III
5. PhD Chuc Anh Tu - Co writer of Part II
6. PhD Nguyen Tuan Anh - Co writer of Part II
7. MA Bui Thi Hang - Co writer of Part I
8. MADo Lan Huong - Co writer of Part II, III
9. MA Vu Thuy Linh - Co writer of Part III
Table of contents
Page
|
Preface
|
3
|
Part I. Overview of financial accounting
|
5
|
Chapter I. Fianancial Accounting
|
6
|
1.1. Accounting and types of accounting
|
7
|
1.2.Basic financial accounting concepts and principles
|
10
|
1.3. Accounting imformation users
|
19
|
1.4. Fianancial Accounting regulations
|
21
|
Chapters 2. Accounting equation, transactions and events
|
31
|
3.1. Accounting equation
|
32
|
2.2.Trasactions and events
|
32
|
Chapters 3. Double entry and accounting cycle
|
49
|
3.1. Double entry system
|
50
|
3.2. Accounting cycle
|
59
|
3.3. An illustration of accounting cycle
|
65
|
Part II – The balance sheet
|
81
|
Chapters 4. Introduction of the balance sheet
|
82
|
4.1. Balance sheet and its elements
|
83
|
4.2. Preparing the balance sheet
|
98
|
Chapters 5. Accounting for current assets
|
109
|
5.1. Accounting for cash and cash equivalents
|
110
|
5.2. Accounting for accounts receivables
|
114
|
5.3. Accounting for inventory
|
122
|
5.4. Accounting for prepaid expenses
|
134
|
Chapter 6. Accounting for non-current assets
|
141
|
6.1. Accounting for tangible fixed assets
|
142
|
6.2. Accounting for intangible fixed assets
|
161
|
Chapter 7. Accounting for liabilities
|
175
|
7.1. Types of liabilities
|
177
|
7.2. Accounting for liabilities
|
182
|
Part III. Income and cashflow statements
|
193
|
Chapter 8. Income statement
|
194
|
8.1. Introduction of income statement
|
195
|
8.2. Accounting for revenue and other income
|
201
|
8.3. . Accounting for cost of goods sold and expense
|
214
|
8.4. Closing entries
|
234
|
Chapter 9. Cash – flow statement
|
234
|
9.1. introduction of the cash – flow statement
|
244
|
9.2. Preparation of the cash – flow statement
|
249
|
Appendix
|
269
|
Reference
|
335
|