Unit One Introduction to Accounting

1.1 Definition of Accounting

1.2 Users and Classifications of Accounting

1.3 Accounting Assumptions and Principles

1.4 Accounting Elements ＆ Accounting Equation

1.5 Recording Business Transactions:Double-Entry System

Exercises

Unit Two Forms of Business Ownership

2.1 Sole Propietorships

2.2 Partnerships

2.3 Corporations

2.4 Sole Proprietorship and Partnership Accounting

2.5 Accounting for Stock Transactions and Dividends

Exercises

Unit Three Financial Statements

3.1 Definition

3.2 Purpose of Financial Statements by Business Entities

3.3 Balance Sheet

3.4 Income Statement

3.5 Retained Earnings Statement

3.6 Cash Flow Statement

3.7 Relationship of Financial Statements

Exercises

Unit Four Accounting Cycle

4.1 Journals ＆ Ledgers

4.2 Trial Balance

4.3 Adjusting Entries

4.4 Closing Entries

4.5 Adiusted Trial Balance

Exercises

Unit Five Current Assets

5.1 Cash and Cash Equivalents

5.2 Accounts Receivable

5.3 Inventory

Exercises

Unit Six Non-Current Assets

6.1 Long-term Investment

6.2 Fixed Assets

6.3 Intangible Assets

Exercises

Unit Seven Current Liabilities

7.1 Conceptual Overview of Liabilities

7.2 Definition and Classification of Current Liabilities

7.3 Accounting for Determinable Current Liabilities

7.4 Accounting for Current Liabilities Dependant on Operating Results

7.5 Accounting for Contingent Liabilities

Exercises

Unit Eight Non-Current Liabilities

8.1 Definition of Non-Current Liabilities

8.2 Time Value of Money

8.3 Bonds Payable

Exercises

Unit Nine Owners'Equity

9.1 Shareholders'Rights and Privileges

9.2 Accounting for Stock Issues

9.3 Treasury Stock

9.4 Retained Earnings

Exercises

Unit Ten Financial Statement Analysis

10.1 Horizontal Analysis

10.2 Vertical Analysis

10.3 Ration Analysis

Exercises

Solution of Exercises

Appendix Causes of International Differences

REFERENCES