CHAPTERS 1-21.Accounting assumptions2.FASB3.GAAP4.CPA
THE BASICS
1.The accounting equation2.Account classification3.Increases decreases4.Assets5.Liabilities6.Owner’s Equity
THE BASICS
1.Fiscal period2.The accounting cycle
ACCOUNTS
1.Temporary accounts2.Permanent accounts3.Revenue4.Expense5.Withdrawals6.Chart of accounts,
numbering
DEBITS VS. CREDITS
1.Definitions2.Normal balances3.Increases/Decreases
POSTING
1.Definition2.Five steps3.Calculating balances
Transactions
1.Four steps2.Journalizing3.Posting4.Trial Balance