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The Accounting Cycle: A Primer for Nonfinancial Managers Book

The Accounting Cycle: A Primer for Nonfinancial Managers
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  • The Accounting Cycle: A Primer for Nonfinancial Managers
  • Written by author Jay L. Jacquet
  • Published by Crisp Publications, Inc., March 2002
  • Written for the beginner, this concise guide maps out the accounting cycle: balance sheets, income statements, ledger transactions, trial balances, and closing entries. Ideal for small or new businesses, this book explains single-entry and double-entr
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Introduction
Part 1: Overview of the Accounting Cycle The Accounting Cycle Steps in the Accounting Cycle Temporary and Permanent Accounts
Part 2: Cash or Accrual Accounting? Cash or Accrual Accounting?
Part 3: Basic Recordkeeping Systems Setting Up the Books The Chart of Accounts Key Word Recognition Single-Entry Recordkeeping Double-Entry Recordkeeping A Few Recordkeeping Techniques
Part 4: Ledger and Journal The Ledger The Trial Balance The Journal
Part 5: Adjusting Entries General Rules for Adjusting Entries Adjusting Entries Adjusting Current Assets Adjusting Current Liabilities Adjusting Accrued Expense Adjusting Accrued Revenue
Part 6: Closing Entries Closing Entries--An Overview Temporary and Permanent Accounts The Four Basic Entries to Closing Accounts The Post-Closing Trial Balance
Part 7: The Balance Sheet and Income Statement Preparation of the Financial Statements The Balance Sheet and Income Statements The Balance Sheet The Income Statement Sample Income Statement and Balance Sheet
Part 8: Special Consideration: Inventory The Basic Difference of a Merchandise Company Decisions About Inventory Comparison of Inventory Flow Methods
Part 9: Business Decisions Introduction
Appendix Solutions to the Self-Tests


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