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Study Guide inIntroductoryAccounting forService Business
Benedick Manalaysay
Accountancy DepartmentDe La Salle University – Manila
Confidentiality Requirement
This material is prohibited for reproduction or distribution without prior consent from the author.
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TABLE OF CONTENTS
Lesson Number Topic Starting Page
1 Introduction to Accounting 32 Transaction Analysis 123 General Journal, General Ledger, Trial Balance 224 Financial Statements 295 Statement of Cash Flows 366 Correcting Entries 387 Payroll Accounting 408 Accounting for Promissory Notes 439 Accrued Income 5210 Accrued Expense 5511 Prepaid Expense 5812 Unearned Income 6213 Depreciation 6614 Doubtful Accounts 7115 Closing Entries, Post-Closing Trial Balance 7616 Reversing Entries 82
Confidentiality Requirement
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LESSON 1INTRODUCTION TO ACCOUNTING
Study Objectives
After studying this lesson, you should be able to:Achievement of Objective(Put a Check mark)1 Learn the history of accounting2 Define accounting3 Know the difference between bookkeeping andaccounting4 Know the branches of accounting5 Distinguish the forms of business organizationsaccording to ownership and according to activity6 Know the role of Certified Public Accountant in thesociety7 Know the functions of different government agencies andprofessional bodies relevant to the accounting profession8 Know the purposes of the business documents9 Define financial statements and its components, generallyaccepted accounting principles (GAAP), FinancialReporting Standards Council (FRSC), and users of thefinancial statements10 Explain the different basic accounting concepts orassumptions11 Know other terms related to basic accounting
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Study Guide
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| Upload Date: | 01/07/2011 |
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