internal * ecumenically trustworthy transmission line relationship Principles (GAAP) * world(prenominal) Financial Reporting Standards (IFRS) & vitamin A; IASB * Revenue deferred payment principle * expenditure recognition (Matching) principle * Cost Principle * utilization of Ethics in Accounting * Sarbanes-Oxley do (SOX) and curbing financial abuses * Elements of the method of accounting compare - Assets, Liabilities, shareowners Equity (Contributed Capital & adenosine monophosphate; kept up(p) Earnings), Revenues, Expenses (Net Income), Dividends * Analyzing frequent business transactions and their impact on the accounting equation and eventually on financial statements * 4 Financial Statements - Income Statement, residue Sheet,Statement of Retained Earnings, Statement of Cash Flows * proportionality legislate on Assets * course activities (Operating, Investing, Financing) and the accounting equation (Appendix 1B) * pick out the mainstay ground at the end of the chapter * discussion questions 3, 4, 8, 11, 13-15, 17-31 Chapter 2 Accounting for Transactions * Source documents develop the enter process * Role of accounts in recording accounting training assets, liabilities & equity accounts * General ledger and chart of accounts * Debits and attribute double-entry accounting system rules (R E D A L E) * Accounting cycle depression 4 steps 1. die 2.Journalize(record) 3.Post to general ledger (T-accounts) 4. overdress unadapted trial balance * intent of a trial balance, preparing financial statements from a trial balance * dimension Debt Ratio * Know the key terms at the end of the chapter * Discussion questions 1-4 , 6, 8, 10-15 Chapter 3 Preparing Financial Statements (OMIT APPENDICES 3A, 3B, 3C) * The accounting occlusive fiscal category vs. calendar year * Accrual ass vs. cash...If you privation to get a full essay, order it on our website: Ordercustompaper.com
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