TAILIEUCHUNG - Lecture Principles of accounting (2005): Chapter 2 - Needles, Powers, Crosson

Chapter 2 - Measuring business transactions. Chapter 2 continues the exploration of accounting measurement by focusing on the problems of recognition, valuation, and classification and how they are solved in the measuring and recording of business transactions. | Measuring Business Transactions Multimedia Slides by: Gail A. Mestas, MAcc, New Mexico State University Chapter 2 Learning Objectives Explain, in simple terms, the generally accepted ways of solving the measurement issues of recognition, valuation, and classification. Describe the chart of accounts and recognize commonly used accounts. Define double-entry system and state the rules for double entry. Learning Objectives (cont’d) Apply the steps for transaction analysis and processing to simple transactions. Prepare a trial balance and describe its value and limitations. Record transactions in the general journal and post transactions from the general journal to the ledger. Measurement Issues Objective 1 Explain, in simple terms, the generally accepted ways of solving the measurement issues of recognition, valuation, and classification Measuring Business Transactions Once accountants have determined a transaction has occurred (discussed in Chapter 1), they must decide When the .

• Kế toán - Kiểm toán
• Principles of accounting
• Lecture Principles of accounting
• Nguyên lý kế toán
• Financial statements
• Measuring business transactions
• Business transactions
• Accounting principles
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Accounting information systems
• Fundamental system principles
• Technology based accounting systems
• Accounting information
• Financial accounting
• Managerial accounting
• Managerial cost
• Reporting manufacturing activities
• Merchandising operations
• Accounting cycle
• Completing the accounting cycle
• Classified balance sheet
• Accounting for partnerships
• Partnership form of organization
• Basic partnership accounting