'Unadjusted trial balance' presentation slideshows

Completing the Accounting Cycle

Completing the Accounting Cycle. Chapter 4. Learning Objectives. Describe the flow of accounting information from the unadjusted trial balance into the adjusted trial balance and financial statements. Prepare financial statements from adjusted account balances. Prepare closing entries.

1.21k views • 99 slides

Understanding and Using Financial Statements

Understanding and Using Financial Statements. Andrew Graham Queens University School of Policy Studies SPS 827 2014. Structure of the Day. Section 1 The Accounting Cycle. Double-Entry Bookkeeping. Each financial event is called a transaction

1.2k views • 98 slides

Analyzing Transactions

2. Analyzing Transactions. 0. 2-1. The T Account. Title. The T account has a title. 5. 0. 2-1. Title. Debit. The left side of the account is called the debit side. 6. 0. 2-1. Title. Debit. Credit. The right side of the account is called the credit side. 7. 0. 2-1. Title.

1.07k views • 83 slides

Chapter 4

Chapter 4. Completing the Accounting Cycle Accounting 211 Instructor: Professor John Ahmad. In Chapter 4, we will:. 1 Prepare a work sheet 2 Explain the process of closing the books 3 Describe the content and purpose of a post-closing trial balance

1.34k views • 64 slides

Chapter 4: The Mechanics of Financial Accounting

Chapter 4: The Mechanics of Financial Accounting. The first step in the accounting process is transaction analysis. This process examines relevant, objectively measurable economic events through their effect on the accounting equation: Assets = Liabilities + Equity.

722 views • 46 slides

Chapter 3

THE ACCOUNTING CYCLE: Capturing Economic Events. Chapter 3. The Role of Accounting Records. Establishes accountability for assets and transactions. Keeps track of routine business activities. Obtains detailed information about a particular transaction.

619 views • 45 slides

The Adjusting Process

These slides should be viewed using the presentation mode (left click your mouse on the icon). The Adjusting Process. Chapter 3. Student Version. Learning Objective 1. Describe the nature of the adjusting process. LO 1. Nature of the Adjusting Process.

586 views • 41 slides

Chapter 3

Chapter 3. The Income Statement. PowerPoint Authors: Brandy Mackintosh Lindsay Heiser. Learning Objective 3-1. Describe common operating transactions and select appropriate income statement account titles. Operating Activities.

672 views • 37 slides

Adjusting Accounts & Preparing Financial Statements

Adjusting Accounts & Preparing Financial Statements. Chapter 3. Accounting period. Time principle period Specific time periods for accounting activities Fiscal year Consisting of any 12 months period other than ending on December 31 Natural year Ends December 31. Accounting basis.

611 views • 33 slides

The Adjusting Process

3. The Adjusting Process. 1. Under the accrual basis of accounting , revenues are reported in the income statement in the period in which they are earned. 1. Revenue Recognition Concept.

538 views • 28 slides

Lesson 4 Adjusting Accounts for Financial Statement

Lesson 4 Adjusting Accounts for Financial Statement. Task Team of FUNDAMENTAL ACCOUNTING School of Business, Sun Yat-sen University. Outline. Describe the purpose of adjusting accounts at the end of the period.

616 views • 27 slides

The heading should identify the entity, the document and the time period.

The heading should identify the entity, the document and the time period. The worksheet collects and summarizes the information used to prepare financial statements, adjusting entries and closing entries. Step 1 Enter the unadjusted trial balance on the worksheet.

566 views • 27 slides

SUA-Overview of the Accounting System

SUA-Overview of the Accounting System. Financial Statements Nature of Transactions Steps in the Accounting Process Post-Closing Trial Balance Relationships Among Financial Statements, Trial Balances, Ledgers, Journals, Documents, and Transactions Internal Controls. Financial Statements.

700 views • 26 slides

COB 241

222 views • 21 slides

definition of accounting

definition of accounting. Financial accounting. 1- Accounting in Action 2- The Recording Process 3- Adjusting the Accounting 4- Competing the Accounting Cycle. Nabil Abd Elraouf. www.drnabil4362.wordpress.com.

1.81k views • 15 slides

Accounting 1411

Ka Xiong. Accounting 1411. 10 Accounting Cycle Steps. Transactions are analyzed and recorded in the journal. Transactions are posted to the ledger. An unadjusted trial balance is prepared. Adjustment data are assembled and analyzed.

227 views • 10 slides

Intermediate Accounting I

164 views • 7 slides