Income Measurement & The Reporting Cycle The Accounting Cycle
Publisher: Bookboon.com
Published: 2013
ISBN-13: 9788776815844
Table of contents: title: Content; title: 1. Part 1: Income Measurement; title: 2. “Measurement Triggering” Transactions and Events; title: 2.1. The Meaning of “Accounting” Income; title: 2.2. More Income Terminology; title: 2.3. An Emphasis on Transactions and Events; title: 3. The Periodicity Assumption; title: 3.1. Accounting Implications; title: 4. Basic Elements of Revenue Recognition; title: 4.1. Payment and Revenue Recognition; title: 5. Basic Elements of Expense Recognition; title: 5.1. Payment and Expense Recognition; title: 6. The Adjusting Process and Related Entries; title: 6.1. Illustration of Prepaid Insurance; title: 6.2. Illustration of Prepaid Rent; title: 6.3. I’m a Bit Confused – Exactly When do I Adjust?; title: 6.4. Illustration of Supplies; title: 6.5. Depreciation; title: 6.6. Unearned Revenues; title: 6.7. Accruals; title: 6.8. Accrued Salaries; title: 6.9. Accrued Interest; title: 6.10. Accrued Rent; title: 6.11. Accrued Revenue; title: 6.12. Recap of Adjustments; title: 6.13. The Adjusted Trial Balance; title: 6.14. Alternative Procedures for Certain Adjustments; title: 7. Accrual- Versus Cash- Basis Accounting; title: 7.1. Modified Approaches; title: 7.2. Illustration of Cash- Versus Accrual Basis of Accounting; title: 8. Part 2: The Reporting Cycle; title: 9. Preparing Financial Statements; title: 9.1. An Illustration; title: 9.2. Considering the Actual Process for Adjustments; title: 9.3. Financial Statements; title: 9.4. Computerization; title: 9.5. A Worksheet Approach; title: 9.6. An Additional Illustration; title: 10. The Accounting Cycle and Closing Process; title: 10.1. The Closing Process; title: 10.2. Post Closing Trial Balance; title: 10.3. Revisiting Computerization; title: 11. Reversing Entries; title: 12. Classified Balance Sheets; title: 12.1. Assets; title: 12.2. Liabilities; title: 12.3. Equity; title: 12.4. Other Entity Forms; title: 12.5. Notes to the Financial Statements; title: 13. Business Liquidity and the Operating Cycle; title: 13.1. Working Capital; title: 13.2. Current Ratio; title: 13.3. Quick Ratio