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Accounting Systems

Accounting Systems

ELS. Accounting Systems. Preparing an Income Statement. Time Period Assumption. Divides the economic life of a business into artificial time periods WHY? to provide immediate feedback on how the business is doing. Time Period Assumption. Generally a month, a quarter, or a year.

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1.08k views • 76 slides
Financial Accounting: Tools for Business Decision Making

Financial Accounting: Tools for Business Decision Making

ELS. Financial Accounting: Tools for Business Decision Making. Kimmel, Weygandt, Kieso. 1. Chapter 4. Chapter 4 Accrual Accounting Concepts. After studying Chapter 4, you should be able to: Explain the revenue recognition principle and the matching principle.

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498 views • 49 slides
Chapter 4

Chapter 4

Chapter 4. Chapter 4 Accrual Accounting Concepts. After studying Chapter 4, you should be able to: Explain the revenue recognition principle and the matching principle. Differentiate between the cash basis and the accrual basis of accounting.

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579 views • 47 slides
Chapter 4 Accrual Accounting Concepts

Chapter 4 Accrual Accounting Concepts

Chapter 4 Accrual Accounting Concepts. Explain the revenue recognition principle and the matching principle. Differentiate between the cash basis and the accrual basis of accounting. Explain why adjusting entries are needed and identify the major types of adjusting entries.

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1.46k views • 35 slides
Acct 310 Accounting Review Part II

Acct 310 Accounting Review Part II

Acct 310 Accounting Review Part II. Rick Hayes, Ph.D., CPA California State University L.A. Sierra Corporation Trial Balance October 31, 2007. Debit Credit. Cash $15,200

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483 views • 34 slides
Acct 310 Accounting Review Part II

Acct 310 Accounting Review Part II

Acct 310 Accounting Review Part II. Rick Hayes, Ph.D., CPA California State University L.A. Sierra Corporation Trial Balance October 31, 2007. Debit Credit. Cash $15,200

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415 views • 34 slides
Acct 310 Accounting Review Part II

Acct 310 Accounting Review Part II

Acct 310 Accounting Review Part II. Rick Hayes, Ph.D., CPA California State University L.A. Sierra Corporation Trial Balance October 31, 2007. Debit Credit. Cash $15,200

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417 views • 34 slides

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