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Unformatted text preview: Structure (equation) of the Cash Flow Statement Chapter two Conceptual framework of GAAP: All that relate to chapter 2 and chapter 3 Elements of the balance sheet: characteristics and common accounts Recording investing and financing business transactions (using journal entry) Chapter three Elements of the income statement: characteristics and common accounts Revenue recognition principle Matching principle Identify revenues and expenses Recording operating business transactions (using journal entry) Chapter four Accounting cycle and each step Time period assumption Adjusting entry Preparing financial statements Be able to prepare financial statements (except cash flow statement) from an adjusted trial balance Closing entry what accounts that need to be closed the journal entry for closing...
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- Spring '11