Principles and Fundamentals
  • Introduction to principles and fundamentals of bookkeeping and accoutning
  • The Language of Business
  • Principles and assumptions
  • The Accounting Equation
  • Effects on the Accounting Equation
  • Preparing Financial Statements
  • Exercise 1: Business Transactions
  • Exercise 2: Business Transactions
Bookkeeping procedures during the year
  • Introduction to bookkeeping procedures during the year
  • Debits and credits
  • Debits and credits - Visually explained
  • Journalizing and posting (from the journal to the general ledger)
  • Accounts balances
Bookkeeping procedures at the end of the year
  • Introduction to bookkeeping procedures at year-end
  • Year-end procedures (accruals and deferrals)
  • Deferrals (Prepaid Expenses and Unearned Revenues)
  • Accruals: Expenses
  • Accruals: Revenues
  • The accounting cycle and Closing temporary accounts at year-end
Bookkeeping procedures for merchandising businesses (retailers)
  • Introduction to retailers
  • Procedures for retail businesses
  • Retailers - Continued