Topics Covered by Final_1

Topics Covered by Final_1 - Topics Covered by Final BUSACC...

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Topics Covered by Final BUSACC 0030 Chapter 1 1. Basic accounting equation 2. Balance Sheet, income statement, statement of retained earnings, and statement of cash flows 3. Relationships among these four financial statements 4. Price to earnings ratio Chapter 2 1. Accounting assumptions and principles 2. Business transactions that affect balance sheets 3. The effect of transactions on accounting equations 4. Debit and credit rules for Assets, Liabilities, Contributed Capital, Retained Earnings 5. Journal entries, T-accounts and preparation of balance sheet 6. Current ratio and financial leverage ratio Chapter 3 1. Accrual basis accounting 2. Revenue recognition (three scenarios) 3. Expense recognition (three scenarios) 4. asset turnover ratio Chapter 4 1. Adjustments at the end of a period 2. Deferred revenues (i.e., unearned revenue) and deferred expense (i.e., prepaid expense and inventory) 3. Accrued revenues and accrued Expenses 4. Trial balance 5. Preparation of balance sheet, income statement, statement of retained earnings, and statement
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Topics Covered by Final_1 - Topics Covered by Final BUSACC...

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