inner(a) * Generally Accepted business relationship Principles (GAAP) * International fiscal Reporting Standards (IFRS) & adenosine monophosphate; IASB * Revenue deferred payment principle * spending recognition (Matching) principle * Cost Principle * Role of morals in write up * Sarbanes-Oxley Act (SOX) and curbing financial abuses * Elements of the write up compare - Assets, Liabilities, shareowners Equity (Contributed Capital & group A; Retained Earnings), Revenues, Expenses (Net Income), Div idends * Analyzing frequent business transactions and their impact on the accounting equation and ultimately on financial statements * 4 Financial Statements - Income Statement, residue Sheet,Statement of Retained Earnings, Statement of Cash Flows * symmetry legislate on Assets * Business activities (Operating, Investing, Financing) and the accounting equation (Appendix 1B) * be intimate the mainstay terms at the end of the chapter * Discussion questions 3, 4, 8, 11, 13-15, 17-31 Chapter 2 Accounting for Transactions * Source documents initiate the enter touch * Role of accounts in recording accounting information assets, liabilities & equity accounts * General ledger and chart of accounts * Debits and credits double-entry accounting system rules (R E D A L E) * Accounting cycle first 4 steps 1. Analyze 2.Journalize(record) 3.Post to planetary ledger (T-accounts) 4. Prepare unadapted trial pro portion * mark of a trial balance, pre! paring financial statements from a trial balance * RATIO Debt Ratio * Know the key terms at the end of the chapter * Discussion questions 1-4 , 6, 8, 10-15 Chapter 3 Preparing Financial Statements (OMIT APPENDICES 3A, 3B, 3C) * The accounting stop consonant fiscal year vs. calendar year * Accrual derriere vs. cash...If you privation to get a full essay, order it on our website: OrderEssay.net
If you want to get a full information about our service, visit our page: write my essay
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.