TAILIEUCHUNG - Lecture Survey of accounting (3/e) - Chapter 2: Accounting for accruals and deferrals

After you have mastered the material in this chapter, you will be able to: Show how receivables affect financial statements, show how payables affect financial statements, show how supplies affect financial statements, show how prepaid items affect financial statements,. | McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 2: Understanding the Accounting Cycle Learning Objectives 1. Record basic accrual and deferral events in a horizontal financial statements model. 2. Organize general ledger accounts under an accounting equation. 3. Prepare financial statements based on accrual accounting. 4. Describe the closing process, the accounting cycle, and the matching concept. 5. Explain how business events affect financial statements over multiple accounting cycles. 6. Classify accounting events into one of four categories: a. Asset source transactions. b. Asset use transactions. c. Asset exchange transactions. d. Claims exchange transactions. The learning objectives in this chapter are: 1. Record basic accrual and deferral events in a horizontal financial statements model. 2. Organize general ledger accounts under an accounting equation. 3. Prepare financial statements based on accrual accounting. 4. .

• Kế toán - Kiểm toán
• Survey of accounting
• Lecture Survey of accounting
• Accounting for cash
• Accounting cycle
• Financial resources
• Accounting provides information
• Internal controls
• Accounting profession
• Accounting for receivables
• Inventory cost flow
• Accounting for liabilities
• Bonds issued
• Managerial accounting
• Product costing
• Financial statements
• Ledger accounts
• Merchandising businesses
• Transportation costs
• Long term operational assets
• Depreciation method