Accounting Procedures
The Recording Process-A Preparer's Perspective
Published on 13. February 1996
Book
Paperback/Softback
376 pages
978-0-13-229022-7 (ISBN)
Description
Designed for use with Jones Introduction to Financial Accounting: A User Perspective, 2/e. Can also be used for brief transition courses between financial and intermediate accounting.
This text provides students with an understanding of the recording process which allows companies to compile transaction data and transform it into the accounting information provided in the four major financial statements allows students to grasp and understand fundamental, important accounting procedures.
This text provides students with an understanding of the recording process which allows companies to compile transaction data and transform it into the accounting information provided in the four major financial statements allows students to grasp and understand fundamental, important accounting procedures.
More details
Language
English
Place of publication
United States
Publishing group
Pearson Education (US)
Target group
Professional and scholarly
Dimensions
Height: 277 mm
Width: 210 mm
Thickness: 18 mm
Weight
750 gr
ISBN-13
978-0-13-229022-7 (9780132290227)
Copyright in bibliographic data is held by Nielsen Book Services Limited or its licensors: all rights reserved.
Schweitzer Classification
Content
INTRODUCTION.
A review of financial statements (e.g., assets, liabilities, revenues, expenses), and the relationships among them.
MODULE 1.
A first look at the general ledger and chart of accounts. Review of the accounting equation and examples of the effects of transactions on the equation.
MODULE 2.
Introduction to the T-account and debits and credits. Examples of transaction analysis using T-accounts. The relationship of T-accounts to the general ledger.
MODULE 3.
Significance of the general journal as the book of original entry. Journalizing transactions within the general journal.
MODULE 4.
The purpose of adjusting entries, and how their existence relates to the foundations of accrual accounting (a topic discussed in Ch. 7 of Jones/Price). Preparation of a worksheet.
MODULE 5.
Distinctions between nominal and real accounts. The closing process and its importance. The post-closing trial balance.
MODULE 6.
Reversing entries-when, why, and how?
MODULE 7.
The recording process of merchandising firms. Entries under both periodic and perpetual inventory systems will be explored.
MODULE 8.
Special journals-why and how they are used.
MODULE 9.
Subsidiary ledgers and control accounts-the information they provide and how they work.
A review of financial statements (e.g., assets, liabilities, revenues, expenses), and the relationships among them.
MODULE 1.
A first look at the general ledger and chart of accounts. Review of the accounting equation and examples of the effects of transactions on the equation.
MODULE 2.
Introduction to the T-account and debits and credits. Examples of transaction analysis using T-accounts. The relationship of T-accounts to the general ledger.
MODULE 3.
Significance of the general journal as the book of original entry. Journalizing transactions within the general journal.
MODULE 4.
The purpose of adjusting entries, and how their existence relates to the foundations of accrual accounting (a topic discussed in Ch. 7 of Jones/Price). Preparation of a worksheet.
MODULE 5.
Distinctions between nominal and real accounts. The closing process and its importance. The post-closing trial balance.
MODULE 6.
Reversing entries-when, why, and how?
MODULE 7.
The recording process of merchandising firms. Entries under both periodic and perpetual inventory systems will be explored.
MODULE 8.
Special journals-why and how they are used.
MODULE 9.
Subsidiary ledgers and control accounts-the information they provide and how they work.