Accounting Principles

1.1          Introduction to accounting

                1.1.1  Forms of business organization

                1.1.2  Accounting principles

                1.1.3  The accounting equation

1.2          Accounting for business transactions

                1.2.1  Balance sheet accounts

                1.2.2  Debits and credits

                1.2.3  Recording changes in balance sheet accounts

                1.2.4  Recording changes in revenues and expenses

                1.2.5  Journalizing, posting, trial balance

1.3          Accounting adjustments

                1.3.1  Purpose

                1.3.2  Deferral adjustments

                1.3.3  Accrual adjustments

1.4          Completing the accounting cycle

                1.4.1  Adjusted trial balance

                1.4.2  Financial statements

                1.4.3  Closing entries

                1.4.4  Worksheet

                1.4.5  Reversing entries

2.1          Income statement

                2.1.1  Classifications

                2.1.2  The uniform system of accounts

                2.1.3  The contribution approach

                2.1.4  Departmental operating statements

2.2          Balance sheet

                2.2.1  Formats

                2.2.2  Classifications

                2.2.3  Uniform system of accounts

3.1          Subsidiary ledgers, specialized journals, and computerized systems.

                3.1.1  Subsidiary ledgers (front and back office)

                3.1.2  Special journals

                3.1.3  Computerized systems

4.1          Cash

                4.1.1  Internal control

                4.1.2  Petty cash

                4.1.3  Bank reconciliations

                4.1.4  Gross vs. net method

                4.1.5  Credit card sales

4.2          Accounts and notes receivable

                4.2.1  Uncollectible accounts

                4.2.2  Notes receivable

4.3          Inventory

                4.3.1  Review of the periodic method

                4.3.2  Inventory valuation methods

                4.3.3  Inventory errors

                4.3.4  Estimation methods

                4.3.5  LCM

                4.3.6  The perpetual method

4.4          Property, equipment, intangible, and other assets

                4.4.1  Classifications

                4.4.2  Acquisition costs

                4.4.3  Methods of Depreciation (Amortization)

                4.4.4  Disposals and trade-ins

                4.4.5  Intangible assets

                4.4.6  Other assets

5.1          Current Liabilities

                5.1.1  Common current liabilities

                5.1.2  Notes payable

                5.1.3  Payroll-related liabilities

6.1          Terminology throughout the previous content