Task Team of FUNDAMENTAL ACCOUNTING School of Business. Sun Yat-sen University State, legal persons, privates or foreign investors s Financing from banking institutions, other legal persons or privates 4 Owners'equity and liabilities 2)Forms of Investmen Monetary(cash/bank deposits) Property, plants and equipment Raw materials and goods, etc 3)Sources and changes of funds s Increase of owners'equity or liabilities Increase of assets Operating Activities Operating activities and changes of asset Changes of assets in Beauty Photo Store s Connections between Beauty Photo Store and Suppliers, clients, etc Liquidation of Enterprise 1)Liquidation of enterprise and payoff of funds 本 Payment of taxes Distribution of profits Declaration of dividends Payoff of b 2)Withdrawals and chan funds Decrease of assets Decrease of liabilities or owners equity Accounting Transactions First of all, we define a business transaction as an event that affects the financial position of a business and may be reliably recorded Further, we will explore the relationship between the Economic Activities and Accounting Elements. Accounting elements include assets, liabilities, owner'sequity, revenues, expenses and profit(loss) Ve should also know about the connection between the uses of funds and assets the terms of pment and others are mentioned; and the connection between the resources of funds and equity: for instance, borrowings and equity of creditors- liabilities, investments and owners equity. Uses and changes of funds are studied here tooTask Team of FUNDAMENTAL ACCOUNTING School of Business, Sun Yat-sen University * State, legal persons, privates or foreign investors； * Financing from banking institutions, other legal persons or privates * Owners’ equity and liabilities 2) Forms of Investment * Monetary (cash/bank deposits) * Property, plants and equipment * Raw materials and goods,etc. 3) Sources and changes of funds * Increase of owners’equity or liabilities * Increase of assets Operating Activities Operating activities and changes of asset * Changes of assets in Beauty Photo Store * Connections between Beauty Photo Store and Suppliers, clients, etc. Liquidation of Enterprise 1) Liquidation of enterprise and payoff of funds * Payment of taxes * Distribution of profits * Declaration of dividends * Payoff of borrowings 2) Withdrawals and changes of funds * Decrease of assets * Decrease of liabilities or owners’ equity Accounting Transactions First of all, we define a business transaction as an event that affects the financial position of a business and may be reliably recorded. Further, we will explore the relationship between the Economic Activities and Accounting Elements. Accounting elements include assets, liabilities, owner’s equity, revenues, expenses and profit (loss). We should also know about the connection between the uses of funds and assets: the terms of cash, equipment and others are mentioned; and the connection between the resources of funds and equity: for instance, borrowings and equity of creditors － liabilities, investments and owner’s equity. Uses and changes of funds are studied here too