TAILIEUCHUNG - Lecture Accounting: What the numbers mean (2/e) - Chapter 3: The accounting process

The following will be discussed in this chapter: Basic accounting equation expanded to include income and expenses, transactions and balancing the equation, linking the income statement to the balance sheet through owners’ equity, horizontal model, adjustments, transaction analysis. | CHAPTER 3 The Accounting Process 3- Copyright 2007 McGraw-Hill Australia Pty Ltd PPTs t/a Accounting: What the Numbers Mean 2e by Marshall, McCartney & Van Rhyn Slides prepared by John Tretola Overview Basic accounting equation expanded to include income and expenses. Transactions and balancing the equation. Linking the income statement to the balance sheet through owners’ equity. Horizontal model Adjustments Transaction analysis 3- Copyright 2007 McGraw-Hill Australia Pty Ltd PPTs t/a Accounting: What the Numbers Mean 2e by Marshall, McCartney & Van Rhyn Slides prepared by John Tretola The Accounting Process Transactions are economic exchanges between entities that are accounted for and reflected in financial statements. 3- Copyright 2007 McGraw-Hill Australia Pty Ltd PPTs t/a Accounting: What the Numbers Mean 2e by Marshall, McCartney & Van Rhyn Slides prepared by John Tretola A = L + OE The Accounting Equation The basic accounting equation will always remain in balance and we can now also expand it to include revenues and expenses. 3- Copyright 2007 McGraw-Hill Australia Pty Ltd PPTs t/a Accounting: What the Numbers Mean 2e by Marshall, McCartney & Van Rhyn Slides prepared by John Tretola A = L + OE The Accounting Equation Share capital Retained earnings (B/S) Retained earnings beginning of period Income- expenses 3- Copyright 2007 McGraw-Hill Australia Pty Ltd PPTs t/a Accounting: What the Numbers Mean 2e by Marshall, McCartney & Van Rhyn Slides prepared by John Tretola A = L + OE The Accounting Equation A = L + SC +RE + (I – E) - D Where: SC = share capital RE = retained earnings beginning I = income E = expenses D = dividends paid 3- Copyright 2007 McGraw-Hill Australia Pty Ltd PPTs t/a Accounting: What the Numbers Mean 2e by Marshall, McCartney & Van Rhyn Slides prepared by John Tretola Let’s see how some transactions affect the operation of this equation. Transactions 3- Copyright 2007 McGraw-Hill Australia .

• Kế toán - Kiểm toán
• Lecture Accounting
• Accounting information
• Accounting standards
• Accounting process
• Accounting equation
• Adjusting entries
• Financial accounting
• Lecture Financial accounting
• Management accounting
• Intermediate accounting
• Lecture Intermediate accounting
• Accounting processing cycle
• Managerial accounting
• Accounting principles
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Merchandising operations
• Lecture Accounting 1
• Accounting for main transactions
• Accounting for purchases
• Accounting for sales
• Accounting for expenses
• Principle of accounting
• Lecture Principle of accounting
• The basic accounting equation
• Transaction analysis in accounting equation
• Calculate the accounting equation
• Lecture Advanced financial accounting
• Bài giảng Kế toán tài chính nâng cao
• Advanced financial accounting
• Accounting policies
• Accounting estimate
• Retrospective application
• Changes in accounting estimates
• Retrospective restatements
• Accounting assumptions
• Lecture Management accounting
• Bài giảng Kế toán quản trị
• Nature of management accounting
• Component of accounting system
• Financial system
• Lecture Accounting and financial system
• Ledger accounting
• Trial balance
• Completing the accounting cycle
• Accounting cycle
• Accounting worksheet
• Classified balance sheet
• Accounting changes
• Error corrections
• Accounting choices
• Accounting for business
• Lecture Accounting for business
• Accounting entity
• Classification of assets
• Accounting equation transactions