The Accounting Cycle
Publisher: Bookboon.com
Published: 2013
ISBN-13: 9788776814861
Table of contents: title: Part 1: Welcome to the World of Accounting; title: 1. Accounting Information; title: 1.1 Accounting Defined; title: 1.2 Financial Accounting; title: 1.3 Managerial Accounting; title: 1.4 A Quality Information System; title: 1.5 Inherent Limitations; title: 2. The Accounting Profession and Careers; title: 2.1 Accounting and Professional Ethics; title: 3. The Fundamental Accounting Equation; title: 3.1 Assets; title: 3.2 Liabilities; title: 3.3 Owners’ Equity; title: 3.4 Balance Sheet; title: 4. How Transactions Impact the Accounting Equation; title: 4.1 Edelweiss Collects an Account Receivable; title: 4.2 Edelweiss Buys Equipment With Loan Proceeds; title: 4.3 Edelweiss Provides Services to a Costumer on Account; title: 4.4 Edelweiss Pays Expenses With Cash; title: 4.5 Generalizing About the Impact of Transactions; title: 4.6 Distinguishing Between Revenue and Income; title: 5. The Core Financial Statements; title: 5.1 Financial Statements; title: 5.2 Income Statements; title: 5.3 The Statement of Retained Earnings; title: 5.4 Balance Sheet; title: 5.5 Statement of Cash Flows; title: 5.6 Articulation; title: 5.7 Unlocking the Mystery of Articulation; title: Part 2: Information Processing; title: 6. Accounts, Debits and Credits; title: 6.1 Accounts; title: 6.2 Debits and Credits; title: 6.3 The Fallacy of “+/-” Nomenclature; title: 6.4 The Debit/Credit Rules; title: 6.5 Assets/Expenses/Dividends; title: 6.6 Liabilities/Revenues/Equity; title: 6.7 Analysis of Transactions and Events; title: 6.8 Determining an Account’s Balance; title: 6.9 A Common Misunderstanding About Credits; title: 7. The Journal; title: 7.1 Illustrating the Accounting Journal; title: 7.2 Special Journals; title: 7.3 Page Numbering; title: 7.4 But, What are the Account Balances?; title: 8. The General Ledger; title: 8.1 Posting; title: 8.2 To Review; title: 9. The Trial Balance; title: 9.1 Debits Equal Credits; title: 9.2 Financial Statements From the Trial Balance; title: 10. Computerized Processing Systems; title: 10.1 What do they Look Like; title: 11. T-accounts; title: 11.1 Comprehensive T-accounting Illustration; title: 11.2 Chart of Accounts; title: 11.3 Control and Subsidiary Accounts; title: Part 3: Income Measurement; title: 12. "Measurement Triggering” Transactions and Events; title: 12.1 The Meaning of “Accounting” Income; title: 12.2 More Income Terminology; title: 12.3 An Emphesis on Transactions and Events; title: 13. The Periodicity Assumption; title: 13.1 Accounting Implications; title: 14. Basic Elements of Revenue Recognition; title: 14.1 Payment and Revenue Recognition; title: 15. Basic Elements of Expense Recognition; title: 15.1 Payment and Expense Recognition; title: 16. The Adjusting Process and Related Entries; title: 16.1 Illustration of Prepaid Insurance; title: 16.2 Illustration of Prepaid Rent; title: 16.3 I’m a Bit Confused – Exactly When do I Adjust?; title: 16.4 Illustration of Supplies; title: 16.5 Depreciation; title: 16.6 Unearned Revenues; title: 16.7 Accruals; title: 16.8 Accrued Salaries; title: 16.9 Accrued Interest; title: 16.10 Accrued Rent; title: 16.11 Accrued Revenue; title: 16.12 Recap of Adjustments; title: 16.13 The Adjusted Trial Balance; title: 16.14 Alternative Procedures for Certain Adjustments; title: 17. Accrual- Versus Cash-Basis Accounting; title: 17.1 Modified Approaches; title: 17.2 Illustration of Cash-Versus Accrual Basis Accounting; title: Part 4: The Reporting Cycle; title: 18. Preparing Financial Statements; title: 18.1 An Illustration; title: 18.2 Considering the Actual Process for Adjustments; title: 18.3 Financial Statements; title: 18.4 Computerization; title: 18.5 A Worksheet Approach; title: 18.6 An Additional Illustration; title: 19. The Accounting Cycle and Closing Process; title: 19.1 The Closing Process; title: 19.2 Post Closing Trial Balance; title: 19.3 Revisiting Computerization; title: 20. Reversing Entries; title: 21. Classified Balance Sheets; title: 21.1 Assets; title: 21.2 Liabilities; title: 21.3 Equity; title: 21.4 Other Entity Forms; title: 21.5 Notes to the Financial Statements; title: 22. Business Liquidity and the Operating Cycle; title: 22.1 Working Capital; title: 22.2 Current Ratio; title: 22.3 Quick Ratio