Income Measurement & The Reporting Cycle
Publisher: Bookboon.com
Published: 2013
ISBN-13: 9788776815844
Table of contents: title: Part 1: Income Measurement; title: 1. “Measurement Triggering” Transactions and Events; title: 1.1 The Meaning of “Accounting” Income; title: 1.2 More Income Terminology; title: 1.3 An Emphasis on Transactions and Events; title: 2. The Periodicity Assumption; title: 2.1 Accounting Implications; title: 3. Basic Elements of Revenue Recognition; title: 3.1 Payment and Revenue Recognition; title: 4. Basic Elements of Expense Recognition; title: 4.1 Payment and Expense Recognition; title: 5. The Adjusting Process and Related Entries; title: 5.1 Illustration of Prepaid Insurance; title: 5.2 Illustration of Prepaid Rent; title: 5.3 I’m a Bit Confused – Exactly When do I Adjust?; title: 5.4 Illustration of Supplies; title: 5.5 Depreciation; title: 5.6 Unearned Revenues; title: 5.7 Accruals; title: 5.8 Accrued Salaries; title: 5.9 Accrued Interest; title: 5.10 Accrued Rent; title: 5.11 Accrued Revenue; title: 5.12 Recap of Adjustments; title: 5.13 The Adjusted Trial Balance; title: 5.14 Alternative Procedures for Certain Adjustments; title: 6. Accrual- Versus Cash- Basis Accounting; title: 6.1 Modified Approaches; title: 6.2 Illustration of Cash- Versus Accrual Basis of Accounting; title: Part 2: The Reporting Cycle; title: 7. Preparing Financial Statements; title: 7.1 An Illustration; title: 7.2 Considering the Actual Process for Adjustments; title: 7.3 Financial Statements; title: 7.4 Computerization; title: 7.5 A Worksheet Approach; title: 7.6 An Additional Illustration; title: 8. The Accounting Cycle and Closing Process; title: 8.1 The Closing Process; title: 8.2 Post Closing Trial Balance; title: 8.3 Revisiting Computerization; title: 9. Reversing Entries; title: 10. Classified Balance Sheets; title: 10.1 Assets; title: 10.2 Liabilities; title: 10.3 Equity; title: 10.4 Other Entity Forms; title: 10.5 Notes to the Financial Statements; title: 11. Business Liquidity and the Operating Cycle; title: 11.1 Working Capital; title: 11.2 Current Ratio; title: 11.3 Quick Ratio