TAILIEUCHUNG - Issues in Financial Accounting (4)

Review of Accounting. 3 Information Learning. Learning Objectives. Objectives 1. Understand basic accounting terminology. 2. Explain double-entry rules. 3. Identify steps in the accounting cycle. 4. Record transactions in journals, post to ledger accounts, and. prepare a trial balance. 5. Explain the reasons for preparing adjusting entries3-2 The. The Accounting. Accounting Information. Information System. System. Financial. Accounting The Accounting. Statements for. Information System Cycle. Merchandisers Basic terminology Identifying and recording Income statement. Debits and credits Journalizing Statement of retained. Accounting equation Posting earnings. Financial statements Trial balance Balance sheet. and ownership Adjusting entries Closing entries. structure. Adjusted trial balance. Preparing financial. statements. Closing. Post-closing trial balance. Reversing Accounting. Accounting Information. Information System. System Accounting Information System (AIS). Collects and processes transaction data Disseminates the information to interested. parties3-4 Accounting. Accounting Information. Information System. System Basic Terminology. Event Journal. Transaction Posting. Account Trial Balance. Real Account Adjusting Entries. Nominal Account Financial Statements. Ledger Closing Entries3-5 LO 1 Understand basic accounting terminology. Accounting. Accounting Information. Information System. System Debits and Credits. An Account shows the effect of transactions on a. given asset, liability, equity, revenue, or expense. account. Double-entry accounting system (two-sided effect). Recording done by debiting at least one account and. crediting another. DEBITS must equal CREDITS3-6 LO 2 Explain double-entry rules. Debits. Debits and. and Credits. Credits. An arrangement that shows the. Account. effect of transactions on an. account Debit = “Left”. Credit = “Right” An Account can Account Name. be illustrated in a Debit / Dr. Credit / Cr T-Account form3-7 LO 2 Explain double-entry rules. Debits. Debits and. and Credits. Credits If Debit entries are greater than Credit entries, the. account will have a debit balance. Account Name.

• Sáng kiến kinh nghiệm
• Issues in economics today
• Lecture Issues in economics today
• Macroeconomic issues
• International issues
• Price control issues
• Opportunity cost
• Demand model
• Elasticity of demand
• Firm production
• Perfect competition
• Gross domestic product
• Federal spending
• Fiscal policy
• Monetary policy
• Flaws in the CPI
• International trade
• International monetary fund
• Trade agreements
• Economic model
• Environmental problems
• Economic models of health care
• Medicaid costs
• Public insurance
• Prescription drugs
• Economics of crime
• Human capital
• Measuring poverty
• Social security
• Head start
• Affirmative action