A Streamlined Course For Students and Business People-ACCOUNTING (Ocean View, CA)

A Streamlined Course For Students and Business People-ACCOUNTING

Local pick-up preferred but will ship at the buyer s expense Kingston Books -15 IMG_6286 Author Peter Eisen Publisher Barron s Educational Series Inc. Charts Graphs. Samples for all types of Accounting Preface Contents by Chapter 1. The Accounting Equation The Art of Accounting What is Accounting Who Uses Accounting Information What Information does an Accountant Gather What Are Assets Keeping Track of Assets Types of Assets A Common Way to Express Assets Determining the Money Value of Assets How Is the Proprietors Ownership Expressed Proprietor s Contributions Assets Capital How are Borrowed Assets Expressed Expressing Borrowed Assets The Accounting Equation What Are Revenue Expenses and Profit Recording Revenue Recording Expenses How Revenue and Expenses Affect Capital Know The Concepts Practical Application Answers 2. Financial Statements What Are Financial Statements The Income Statement The Statement of Capital The Balance Sheet The Report and Account Forms The Classified Balance Sheet Know the Concepts Practical Application Answers 3 Recording Business Transactions What are Business Transactions Information to Keep Track Of Changes Resulting from Business Transaction Where to Record Business Transactions The Account The Standard Form of the Ledger Account Making Entries in Ledger Accounts Recording Asset Changes Recording Changes in Liability and Permanent Capital Accounts Analyzing Business Transactions Recording Transactions in Temporary Capital Accounts Capital Accounts The Rule of Double-Entry Accounting Standard Form for the Ledger Account Other Forms of the Ledger Account Providing the Accuracy of Recorded Transactions The Journal The Purpose and Form of the Journal Recording Business Transactions in the Journal Recording Transactions in Both Journal and Ledger Chart of Accounts Transferring Transactions from the Journal to the Ledger Verifying Ledger Balances Know the Concepts Practical Applications Answers 4. Recording Adjusting Closing And Reversing Entries Account Entries Types of Adjusting Entries Accruals Accrued Expenses Accrued Revenue Deferrals Deferred Expenses Deferred Revenue Adjusting Noncurrent Assets What is Depreciation Preparing the Worksheet How to Record Adjustments on the Worksheet Using the Completed Worksheet Closing Entries Eliminating the Temporary Account balances Using the Income Summary Account Post Closing Trial Balance Verifying the Ledger after Closing Steps in the Accounting Cycle Reversing Entries The Need for Reversing Entries When to Use Reversing Entries Know the Concepts Practical Applications Answers 5. A Trading Business How Service and Trading Businesses Differ Special Accounts for a Trading Business Methods of Determining Income Determining Net Sales Recording Sales and Sales Returns and Allowances Recording Sales Discounts Determining the Costs of Goods Available for Sale Determining Net Purchases Determining the Merchandise Inventory Determining the Cost of Merchandise Sold Recording Daily Business Transactions Adjusting and Closing Entries Converting Beginning Inventory to an Expense Establishing Ending Inventory Preparing a Worksheet Reversing Entries Know the Concepts Practical Applications Answers 6. Special Journals And Controls What Are Special Journals Kinds of Special Journals Sales Journals Cash Receipts Journal Cash Payments Journal Bracket Entries Other Special Journals Know the Concepts Practical Application Answers 7. Safeguarding Cash Special Controls Internal Control Special Controls to Safeguard Cash Bank Reconciliation Statement Recording Adjusting Entries Petty Cash Fund Voucher System Know the Concepts Practical Application Answers 8. Receivables and Payables Selling Goods and Services Recognizing Bad Debts Direct Write-off Method Net Sales Method Aging of Accounts Receivable Method Extending Credit Promissory Notes Interest Bearing Promissory Notes Transferring Notes Know the Concepts Practical Application Answers 9. Long- Life And Intangible Assets Long-Life Assets Using Long-Life Assets Determining Plant and Equipment Costs Allocating Plant and Equipment Costs Depreciation Disposal of Plant Assets Depletion Intangible Assets Amortization Capital Improvements Know the Concepts Practical Application Answers 10. Inventories What Is Merchandise Inventory Inventories and the Trading Business Errors in Valuing Inventories Types of Inventor Systems Determining the Cost of Inventories The FIFO Method The LIFO Method The Weighted Average Method Recognizing Significant Changes in Inventory Value Estimating Inventory Value Gross Profit Method The Retail Method Know the Concepts Practical Application Answers 11. Payroll What is Payroll Payroll Deductions Social Security Tax Federal Income Tax State and Local Taxes Disability Insurance Taxes Voluntary Deductions The Payroll Register The Employees Earnings Record Payroll and Government Regulation Unemployment Compensation Taxes Calculating Employee Earnings The W-2 Form Know the Concepts Practical Application Answers 12. Financial Statements for Partnership and Corporate Forms of Business Organization The Partnership Characteristics of the Partnership Advantages and Disadvantages of the Partnership The Partnership Capital and Drawing Accounts Financial Statements of the Partnership The Corporation Characteristics of the Corporation Advantages and Disadvantages of the Corporation Corporate Capital Types of Stock Recording Stock Transactions Financial Statements for the Corporation Know the Concepts Practical Application Answers Appendix Accounting and the Microcomputer Electronic Spreadsheet Data Base Word Processor Graphics Glossary Index Paperback 411 pages ISBN 0-8120-4375-8