Financial Acctg Non Financials_en

English-based Financial Accounting

A Tool for Business Decision Making

Objectives

1. How Do You Learn Accounting Best?

2. An Introduction to Financial Statements.

3. A Further Look to Financial Statements.

4. The Accounting Information System.

5. Accrual Accounting Concepts

Contents

An Introduction to Financial Statements

- Forms of Business Organization

- Users and Uses of Financial Information

- Business Activities

- Communicating with Users

- Other Elements of An Annual Report

- Assumptions and Principles in Financial Reporting

A Further Look At Financial Statements

- Objective of Financial Reporting

- Characteristics of Useful Information

- Constraints in Accounting

- The Financial Statements Revisited

- The Income Statement

- The State of Stockholder's Equity

- The Classified Balance sheet

The Accounting Information System

- Accounting Transactions

- The Journal

- The Account

- Steps in The Recording Process

- The Trail Balance

Accrual Accounting Concepts

- Timing Issues

- The Basics of Adjusting Entries

- The Adjusted Trial Balance and Financial Statements

- Closing The Books

- Summary of the Accounting Cycle

End