Chapter One The Introduction ofAccounting
1.1 Introduction
1.2 The Users of Accounting Information
1.2.1 External Information Users
1.2.2 Internal Information Users
1.3 The Accounting Process
1.4 Basic Accounting Principles
1.4.1 Accrual Principle
1.4.2 Conservatism Principle
1.4.3 Consistency Principle
1.4.4 Cost Principle
1.4.5 Economic Entity Principle
1.4.6 Full Disclosure Principle
1.4.7 Going Concern Principle
1.4.8 Matching Principle
1.4.9 Materiality Principle
1.4.10 Monetary Unit Principle
1.4.11 Reliability Principle
1.4.12 Revenue Recognition Principle
1.4.13 Time Period Principle
1.5 Financial Statements
1.5.1 Balance Sheet
1.5.2 Income Statement
1.5.3 CashFlow Statement
1.5.4 The Statement of Changes in Equity
Words and Expressions
Notes
Supplementary Reading
Chapter Two Accounting Equation and Double EntryAccounting
2.1 lntmductinn
2.2 Accounting Equation
2.3 Double Entry Accounting
2.3.1 Debits and Credits in Common Accounting Transactions
2.3.2 Examples of Double Entry Accounting
Words and Expressions
Notes
Supplementary Reading
Chapter Three Accounting Cycle
3.1 Introduction
3.2 Identify Transactions or Events to Be Recorded
3.3 JournalizeTransactions and Events
3.4 Posting from Journal to Ledger
3.5 Prepare Unadjusted Trial Balance
3.6 Journalize andPost Adjusting Journal Entries
3.7 Prepare Adjusted Trial Balance
3.8 Prepare Financial Statements
3.9 Journalize and Post Closing Entries
3.10 Prepare Post-closing Trial Balance
Words and Expressions
Notes