end-of-period adjusting entry

简明释义

期末调整分录

英英释义

例句

1.At the end of the fiscal year, the accountant made an end-of-period adjusting entry 期末调整分录 to account for accrued expenses.

在财政年度结束时，会计做了一个期末调整分录 期末调整分录以计算应计费用。

2.The end-of-period adjusting entry 期末调整分录 for prepaid rent was recorded to reflect the amount used during the period.

为预付租金记录的期末调整分录 期末调整分录反映了期间使用的金额。

3.After reviewing the accounts, the auditor requested additional end-of-period adjusting entries 期末调整分录 to correct misstatements.

在审查账户后，审计师要求额外的期末调整分录 期末调整分录以纠正错误陈述。

4.In preparing the financial statements, we need to ensure that all end-of-period adjusting entries 期末调整分录 are accurately recorded.

在准备财务报表时，我们需要确保所有的期末调整分录 期末调整分录都被准确记录。

5.The end-of-period adjusting entry 期末调整分录 for depreciation was necessary to reflect the asset's usage over time.

折旧的期末调整分录 期末调整分录是必要的，以反映资产随时间的使用情况。

作文

In the world of accounting, accuracy and transparency are paramount. One essential aspect that contributes to this precision is the concept of an end-of-period adjusting entry. This term refers to the journal entries made at the end of an accounting period to update account balances before the financial statements are prepared. These adjustments ensure that the financial statements reflect the true financial position of a company, adhering to the accrual basis of accounting. The end-of-period adjusting entry process typically involves recognizing revenues that have been earned but not yet recorded and expenses that have been incurred but not yet paid or recorded. For example, consider a company that provides consulting services. If the company has completed a project in December but will not receive payment until January, it must record an end-of-period adjusting entry to recognize the revenue earned in December. This adjustment is crucial because it aligns with the matching principle of accounting, which states that expenses should be matched with the revenues they help generate within the same period.Similarly, expenses such as utilities may be incurred in December but billed in January. To accurately reflect the company's expenses for December, an end-of-period adjusting entry must be made to recognize these costs. Without these adjustments, the financial statements would present a misleading picture of the company's profitability and financial health.The process of making end-of-period adjusting entries typically involves several steps. First, accountants review all accounts to identify any discrepancies between the cash basis and the accrual basis of accounting. Next, they determine the necessary adjustments by analyzing the transactions that occurred during the period. Finally, they make the appropriate journal entries to adjust the relevant accounts.There are four main types of end-of-period adjusting entries: accruals, deferrals, estimates, and periodic adjustments. Accruals involve recognizing revenues and expenses that have occurred but are not yet recorded. Deferrals, on the other hand, involve postponing the recognition of revenues or expenses until a future date. Estimates are used when exact amounts are not known, such as in the case of bad debts or warranty expenses. Periodic adjustments may include adjustments for depreciation or amortization of assets.The importance of end-of-period adjusting entries cannot be overstated. They play a vital role in ensuring that the financial statements are accurate and comply with generally accepted accounting principles (GAAP). By making these adjustments, companies can provide stakeholders with a clear and truthful representation of their financial performance. Investors, creditors, and management rely on these statements to make informed decisions about the company's future.In conclusion, the end-of-period adjusting entry is a critical component of the accounting process. It ensures that financial statements are accurate and reflect the true economic activities of a business. Understanding and mastering the concept of end-of-period adjusting entries is essential for anyone pursuing a career in accounting or finance. By embracing this practice, businesses can enhance their credibility and foster trust among their stakeholders, ultimately contributing to their long-term success.

在会计领域，准确性和透明度至关重要。一个有助于这种精确度的重要方面是“期末调整分录”的概念。这个术语指的是在一个会计期结束时所做的日记账分录，以更新账户余额，然后再编制财务报表。这些调整确保财务报表反映公司的真实财务状况，遵循权责发生制会计原则。“期末调整分录”的过程通常涉及确认已经赚取但尚未记录的收入，以及已经发生但尚未支付或记录的费用。例如，考虑一家提供咨询服务的公司。如果该公司在12月完成了一个项目，但要到1月才能收到付款，那么它必须记录一笔“期末调整分录”来确认12月所赚取的收入。这项调整至关重要，因为它符合会计的配比原则，即费用应与它们在同一期间内帮助产生的收入相匹配。同样，像公用事业这样的费用可能在12月发生，但在1月才会开具账单。为了准确反映公司12月的费用，必须进行一笔“期末调整分录”以确认这些成本。如果没有这些调整，财务报表将呈现出对公司盈利能力和财务健康状况的误导性图景。进行“期末调整分录”的过程通常包括几个步骤。首先，会计师审查所有账户，以识别现金基础和权责发生制会计之间的任何差异。接下来，他们通过分析在期间发生的交易来确定必要的调整。最后，他们进行适当的日记账分录，以调整相关账户。“期末调整分录”主要有四种类型：应计、递延、估计和定期调整。应计涉及确认已发生但尚未记录的收入和费用。而递延则涉及推迟在未来日期确认收入或费用。估计用于金额不确切的情况，例如坏账或保修费用。定期调整可能包括资产折旧或摊销的调整。“期末调整分录”的重要性不容小觑。它们在确保财务报表准确并符合一般公认会计原则（GAAP）方面发挥着至关重要的作用。通过进行这些调整，公司可以向利益相关者提供清晰而真实的财务业绩表现。投资者、债权人和管理层依赖这些报表来做出关于公司未来的明智决策。总之，“期末调整分录”是会计过程中的一个关键组成部分。它确保财务报表准确，并反映企业的真实经济活动。理解和掌握“期末调整分录”的概念对于任何追求会计或金融职业的人来说都是至关重要的。通过接受这一实践，企业可以增强其信誉，培养利益相关者之间的信任，最终有助于其长期成功。