Fundamental Accounting Principles

Your introduction to business, accounting and ethics; finacial statements and accounting principles; recording transactions; adjusting the accounts and preparing the statements. Appendix A: recording pre-paid and unearned items in income statement accounts; the work sheet and the closing process. Appendix B: reversing entries; accounting for mechandizing activities. Appendix C: the adjusting entry approach to accounting for merchandize inventories; accounting systems; accounting for cash and the principles of internal control; short-term investments and receivables; inventories and cost of goods sold; plant and equipment; natural resources, intangible assets and long-term investments; corporations and partnerships; additional corporate transactions.