TAILIEUCHUNG - Lecture College accounting (13/e): Chapter 13 - Price, Haddock, Farina

Chapter 13 - Financial statements and closing procedures. After reading this chapter, you should be able to: Prepare a classified income statement from the worksheet, prepare a statement of owner's equity from the worksheet, prepare a classified balance sheet from the worksheet, journalize and post the adjusting entries, journalize and post the closing entries, prepare a postclosing trial balance, journalize and post reversing entries, define the accounting terms new to this chapter. | 1- McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Financial Statements and Closing Procedures Section 1: Preparing the Financial Statements Chapter 13 Section Objectives Prepare a classified income statement from the worksheet. Prepare a statement of owner’s equity from the worksheet. Prepare a classified balance sheet from the worksheet. A classified income statement is sometimes called a multiple-step income statement. The Classified Income Statement Objective 1 Prepare a classified income statement from the worksheet At the end of the period, the three financial statements must be prepared. A newspaper’s classified section is similar to a business’s classified financial statements. Classifying like information together on financial statements makes them easier to interpret. A classified financial statement is a format in which items are divided into groups of similar accounts and a subtotal is given for each group. The .

• Kế toán - Kiểm toán
• College accounting
• Lecture College accounting
• Financial statement
• Cost accounting
• Closing procedures
• Accounting cycle
• Job order cost accounting
• Accounting for sales
• Accounts receivable
• Accounting for purchases
• Accounts payable
• Accounting principles
• Reporting standards
• Accounting for partnerships
• Allocating income
• Process cost accounting
• Process inventory
• Language of business
• Financial information
• Analyzing business transactions
• Financial interest
• T accounts
• General ledger
• General journal
• The worksheet
• Trial balance
• Closing entries
• Postclosing trial balance
• Cash receipts
• Cash payments
• Payroll computations
• Payroll laws
• Payroll taxes
• Employee income tax
• Recording adjustments
• Uncollectible accounts
• Notes payable
• Notes receivable
• Merchandise inventory
• Inventory costing methods
• Disposition of assets
• Depreciation methods
• Capital stock transactions
• Capital stock
• Corporate earnings
• Capital transactions