دانلود رایگان پاورپوینت حسابداری تعهدی (انگلیسی)

Accrual Accounting
The accounting process
Key Terms
Accounting Period and Profit Determination
The Matching Principle
Accrual Accounting
WHY IS ACCRUAL ACCOUNTING SO IMPORTANT??
Is this a big tough and safe truck?
Is this big scary crocodile invincible?
Balance Day Adjustments
Balance Day Adjustments
Accruals-
What is the journal entry?

Question: Briefly explain the meanings of, and the relationship between, the accounting period assumption and the matching principle.
The accounting period assumption assumes that the life of a business is divided into arbitrary time periods. This is done in accounting because although an absolutely accurate determination of profits can be made only after the liquidation of a business, many parties interested in the financial results of an organisation, e.g. owners, creditors or the ATO, cannot wait until liquidation occurs. They wish to know how the business is progressing on a more regular periodic basis.

Thus, accountants aim to calculate a profit figure for each accounting period that is as accurate as possible (and to determine a financial position that is as accurate as possible at the end of that accounting period).

Profit is obtained by applying what is known as the matching principle, i.e. matching revenue for the period with the expenses incurred in earning that revenue (Profit = Revenue – Expenses).