Hafta 1
Overview of the Accounting Environment(Chapter 1) -Aim of the Accounting Information -Users of Accounting Information(Internal Users,External Users) -Career Opportunities in Accounting -Forms of Business Organizations(Chapter 12) OBJECTIVES: 1.Use accounting vocabulary 2.Explain the meaning of accounting 3.Identify the users and uses of accounting 4.Apply accounting concepts and principles 5.State the advantages and disadvantages for different business types
Hafta 2
The Accounting Cycle(Chapter 2) -Accrual Basis of Accounting -Generally Accepted Accounting Concepts and Principles -Overview of the Accounting Cycle -Analysis and Recording of Transactions -Financial Statements(Chapter 1)(Income Statement,Statement of Owner's Equity,Balance Sheet) FINANCIAL STATEMENTS OBJECTIVES: 1.Distinguish accrual basis accounting from cash-basis accounting.2.Apply Accounting Concepts and Principles.3.State the basic accounting equation 4.Explain the meaning of assets, liabilities and owner’s equity 5.Analyze the effect of business transactions on the basic accounting equation 6.Prepare an income statement, owner’s equity statement, and balance sheet
Hafta 3
cont.(Chapter 2) THE ACCOUNT DOUBLE ENTRY ACCOUNTING JOURNALIZING THE TRANSACTIONS OBJECTIVES: 1.Define what an account is and how it helps in the recording process 2.Apply the rules of debit and credit. 3.Record transactions in the journal.
Hafta 4
cont.(Chapter 2) GENERAL LEDGER TRIAL BALANCE OBJECTIVES: 1.Posting from the journal to the ledger 2.Prepare a trial balance 3.Use trial balance to prepare financial statements 4.Use accounting terms
Hafta 5
cont.(Chapter 2) GENERAL LEDGER TRIAL BALANCE OBJECTIVES: 1.Posting from the journal to the ledger 2.Prepare a trial balance 3.Use trial balance to prepare financial statements 4.Use accounting terms
Hafta 6
Completing the Accounting Cycle(Chapter 3) NEED FOR ADJUSTMENTS ADJUSTED TRIAL BALANCE OBJECTIVES: 1.Recognize the need for adjustments. 2.Prepare adjusting entries 3.Prepare an adjusted trial balance
Hafta 7
cont.(Chapter 3) Completing the Accounting Cycle -NEED FOR ADJUSTMENTS ADJUSTED TRIAL BALANCE OBJECTIVES: 1.Recognize the need for adjustments. 2.Prepare adjusting entries 3.Prepare an adjusted trial balance
Hafta 9
Measures of Operating Capacity(Chapter 10) DEPRECIATION METHODS FOR PLANT ASSETS INTANGIBLE ASSETS OBJECTIVES: 1.Account for depreciation 2.Select the best depreciation method for identified purposes 3.State the characteristics of intangible assets
Hafta 10
MERCHANDISE TRANSACTIONS(Chapter 4) PURCHASE OF INVENTORY SALE OF INVENTORY SALES REVENUE,COST OF GOODS SOLD, GROSS PROFIT Multiple Step Income Statement OBJECTIVES: 1.Account for purchase of inventory 2.Account for sale of inventory 3.Prepare a merchandiser’s financial statements
Hafta 11
INVENTORIES(Chapter 5) INVENTORY EQUATION INVENTORY VALUATION METHODS OBJECTIVES: 1.Calculate cost and ending inventory using different methods 2.Compare the effects of different methods
Hafta 12
Shareholders' Equity (Chapter 12) FORMS OF BUSINESS ORGANIZATIONS CHARACTERISTICS OF A CORPORATION COMMON STOCK,DIVIDENDS,RETAINED EARNINGS, ADDITIONAL PAID-IN CAPITAL OBJECTIVES: 1.Identify the characteristics of a corporation 2.Record the issuance of stock, dividends and additional paid-in capital 3.Prepare the retained earnings statement 3.Prepare the stockholder’s equity section of a corporation balance sheet
Hafta 13
ACCOUNTING RATIOS Current Ratio(Chapter 14 ) Debt to Equity Ratio(Chapter 14) Gross Profit Ratio(Chapter 4 ) OBJECTIVES: 1.Use the current ratio and the debt ratio to evaluate a business 2.Use gross earning percentage and net earning percentage ratios to evaluate a business