TAILIEUCHUNG - Lecture Intermediate accounting (IFRS 2nd edition): Chapter 3 - Kieso, Weygandt, Warfield

Chapter 3 - The accounting information system. After studying this chapter, you should be able to: Understand basic accounting terminology; explain double-entry rules; identify steps in the accounting cycle; record transactions in journals, post to ledger accounts, and prepare a trial balance;. | PREVIEW OF CHAPTER Intermediate Accounting IFRS 2nd Edition Kieso, Weygandt, and Warfield 3 Understand basic accounting terminology. Explain double-entry rules. Identify steps in the accounting cycle. Record transactions in journals, post to ledger accounts, and prepare a trial balance. Explain the reasons for preparing adjusting entries. Prepare financial statements from the adjusted trial balance. Prepare closing entries. Prepare financial statements for a merchandising company. After studying this chapter, you should be able to: The Accounting Information System 3 LEARNING OBJECTIVES Collects and processes transaction data. Disseminates financial information to interested parties. Varies widely from business to business. Nature of business Type of transactions Size of business Volume of data Informational demands ACCOUNTING INFORMATION SYSTEM Accounting Information System (AIS) LO 1 Helps management answer such questions as: How much and what kind of debt is outstanding? Were our sales higher this period than last? What assets do we have? What were our cash inflows and outflows? Did we make a profit last period? Are any of our product lines or divisions operating at a loss? Can we safely increase our dividends to shareholders? Is our rate of return on net assets increasing? ACCOUNTING INFORMATION SYSTEM LO 1 Event Transaction Account Real Account Nominal Account Ledger Journal Posting Trial Balance Adjusting Entries Financial Statements Closing Entries ACCOUNTING INFORMATION SYSTEM LO 1 Basic Terminology Understand basic accounting terminology. Explain double-entry rules. Identify steps in the accounting cycle. Record transactions in journals, post to ledger accounts, and prepare a trial balance. Explain the reasons for preparing adjusting entries. Prepare financial statements from the adjusted trial balance. Prepare closing entries. Prepare financial statements for a merchandising company. After studying this chapter, you should be able to: The Accounting .

• Kế toán - Kiểm toán
• Intermediate accounting
• Lecture Intermediate accounting
• Accounting information system
• Double entry rules
• Trial balance
• Basic accounting terminology
• Financial Accounting
• Accounting process
• Accounting equation
• Accounting processing cycle
• Stock issuance
• Estimating reserves
• Liquidating dividends
• Accounting changes
• Error corrections
• Accounting choices
• Theoretical structure
• Accrual accounting
• Financial accounting environment
• Accounting for leases
• Leasing environment
• Accounting by lessee
• Special accounting problems
• Cash versus accrual accounting
• International standard setting
• Accounting standards
• Accounting assists
• The challenges facing accounting
• Income taxes
• Accounting for income taxes
• Deferred tax liabilities
• Error analysis
• Accounting policy
• Accounting estimate
• Accounting policies
• Financial reporting
• Measurement issues
• Characteristics of accounting
• Capital allocation process