Essential ClassNotes Intro to Bookkeeping (US) Study Notes, Review Questions and Classroom Discussion Topics
Information presented in class often contains the core concepts of the course. Yet, students frequently fail to master the skills of classroom notetaking. Our Essential ClassNotes products provide study notes that are specific and concrete. Review questions and classroom discussion topics are also included to make sure students are truly involved in the ideas and information being presented. Below shows the TOC of the book:
CONTENT UPDATES 2
ABOUT THIS BOOK 2
US ACCOUNTING ENVIRONMENT 3
PRINCIPLES AND STANDARDS 3
IFRS AND IAS 6
THE ACCRUAL PRINCIPLE 8
THE HISTORICAL COST PRINCIPLE 10
THE CONSISTENCY PRINCIPLE 11
THE PRUDENCE PRINCIPLE 12
THE MATERIALITY PRINCIPLE 13
THE MATCHING PRINCIPLE, THE TRIAL BALANCE AND THE RELATED ADJUSTMENTS 14
THE SEPARATE LEGAL ENTITY CONCEPT 17
THE CONSERVATIVE PRINCIPLE 18
THE GOING CONCERN CONCEPT 19
THE ACCOUNTING EQUATION 20
CHAPTER REVIEW QUESTIONS AND ANSWERS 21
BASIC CONCEPTS ON BOOKKEEPING 24
BOOKKEEPING METHODS 24
THE BOOKKEEPING CYCLE 26
DEBITS AND CREDITS 27
RECORDING AND POSTING TRANSACTIONS 31
GENERAL LEDGER VS GENERAL JOURNAL 33
TRIAL BALANCE AND THE NEEDS/PATTERNS OF ADJUSTMENT 35
TRIAL BALANCE AND THE CORRECTION OF ERRORS 37
BANK RECONCILIATION 39
CLOSING JOURNAL ENTRIES 43
SOURCE DOCUMENTS 44
PAYROLL ACCOUNTING 45
PROCESSING TRAVEL EXPENSES REIMBURSEMENT 52
CHAPTER REVIEW QUESTIONS AND ANSWERS 55
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