'Adjusting entries' presentation slideshows

The Cycle

The Cycle. 5. Unit 5. Learning Objectives Describe the accounting cycle and fiscal period and the steps necessary to complete the accounting cycle. Explain the accrual basis of accounting and use it to identify and journalize necessary adjusting entries to complete the accounting cycle.

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A Review of the Accounting Cycle

A Review of the Accounting Cycle. Learning Objectives. Identify and explain the basic steps in the accounting process (accounting cycle). Analyze transactions and make and post journal entries. Make adjusting entries, produce financial statements, and close nominal accounts.

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Understanding The Recording Process

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Recording, Storing, & Reporting Accounting Information

Recording, Storing, & Reporting Accounting Information. Appendix A. Recording. App. A. Accounting system - identifies, measures, records, and retains accounting information Account - records and retains the monetary information from transactions

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Intermediate Accounting, Ninth Edition

Intermediate Accounting, Ninth Edition. Kieso and Weygandt. Prepared by Catherine Katagiri, CPA The College of Saint Rose Albany, New York. K & W. John Wiley & Sons, Inc. 1. 1. 1. 1. 1. Chapter 3: The Accounting Information System. After studying this chapter you should be able to:

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Accounting Records and Systems

4. Accounting Records and Systems. Why learn basic record keeping procedures?. Accounting is best learned by doing. Debit-credit mechanism provides an analytical framework. The Account. Device used for calculating net change Simplest form is T-account.

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Do Now

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TOPIC 4

TOPIC 4. Adjusting Entry PowerPoint presentation by AFSH @ 2007 UPM. Learning Objectives. Explain criteria for revenue recognition and expense recognition. Differentiate between the cash basis and the accrual basis of accounting.

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Financial Reporting I ACCT 321

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The Accounting Cycle

The Accounting Cycle. Welcome to. Course Objectives. In this course, you will learn: The eleven-step accounting cycle How to use recordkeeping systems Key accounting vocabulary The differences between cash and accrual accounting Accounting decision making. S1. Agenda. S2.

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Adjusting Entries

Principles of Accounting. Adjusting Entries. Help Lesson #4. By Laurie L. Swanson This presentation is under development. Adjusting Entries. Adjusting Entries bring certain account balances up to date at the end of the accounting period. 12/31/2010 UPDATE. Adjustments.

507 views • 23 slides

Chapter 8

Chapter 8. Recording Adjusting and Closing Entries for a Service Business. Accounting February 2014. Warm Up. The Walt Disney Company What do you think of when you hear the word DISNEY? How many of you think of the environment when you hear the word Disney?. Warm Up.

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Accounting Records and Systems

Accounting Records and Systems. 4. Part One: Financial Accounting. The McGraw-Hill Companies, Inc., 1999. The Account. Slide 4-1. Cash. (decrease) 750 7,200 4,800 3,000 15,750. (increase) Beginning balance -0- 5,000 4,000 200 12,000

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Reporting and Analyzing Cash and Internal Controls

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Chapter 4

Chapter 4. The Accounting Cycle. List in correct order: (A) Financial statements prepared (B) Transactions posted to ledger (C) Closing entries journalized and posted to ledger (D) Transactions analyzed and recorded in journal

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Computer Accounting with QuickBooks 2013 Chapter 9

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COMPLETING THE ACCOUNTING CYCLE

COMPLETING THE ACCOUNTING CYCLE. ACT 2112 KUMPULAN 8 SHERLIZA PUAT NELSON. Content. Accrual accounting Adjusting entries Closing the books Summary of the accounting cycle Adjusting entries: Original entries to expense or revenue. Accounting Cycle. Step 1- Analyse transaction

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Computer accounting with quickbooks 2018

Computer accounting with quickbooks 2018. Donna Kay. Chapter 9 QuickBooks adjustments. Chapter 9 covers adjustments required to ensure we have reliable reports. Section 9.1 SatNav. Chapter 9 overview. Accounting Cycle Using QuickBooks to Make Adjusting Entries Types of Adjusting Entries.

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LESSON 8-1

LESSON 8-1. Recording Adjusting Entries. 3. 4. ADJUSTING ENTRY FOR SUPPLIES. page 202. 1. Write the heading. 2. Write the date. 3. Write the title of the account debited. Record the debit amount. 1. 4. Write the title of the account credited. Record the credit amount. 2. 2. 3.

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RECORDING, ADJUSTING AND CLOSING ENTRIES

RECORDING, ADJUSTING AND CLOSING ENTRIES. ACT 2112 KUMPULAN 8 SHERLIZA PUAT NELSON. Adjusting entries .

173 views • 2 slides