An edition of Income Measurement & The Reporting Cycle The Accounting Cycle
(2013)
Income Measurement & The Reporting Cycle The Accounting Cycle
by Larry M. Walther , Christopher J. Skouse...
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Last edited by Tom Morris
May 5, 2020 | History
In the second text in the comprehensive Accounting Cycle series, readers continue their study of accountancy by examining two important aspects: income measurement and the reporting cycle.
You can download the book for free via the link below.
Publish Date
2013
Publisher
Bookboon.com
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| Edition | Availability |
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1
Income Measurement & The Reporting Cycle The Accounting Cycle
2013, Bookboon.com
8776815846 9788776815844
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Book Details
Table of Contents
Sisältö
Part 1: Income Measurement
“Measurement Triggering” Transactions and Events
The Meaning of “Accounting” Income
More Income Terminology
An Emphasis on Transactions and Events
The Periodicity Assumption
Accounting Implications
Basic Elements of Revenue Recognition
Payment and Revenue Recognition
Basic Elements of Expense Recognition
Payment and Expense Recognition
The Adjusting Process and Related Entries
Illustration of Prepaid Insurance
Illustration of Prepaid Rent
I’m a Bit Confused – Exactly When do I Adjust?
Illustration of Supplies
Depreciation
Unearned Revenues
Accruals
Accrued Salaries
Accrued Interest
Accrued Rent
Accrued Revenue
Recap of Adjustments
The Adjusted Trial Balance
Alternative Procedures for Certain Adjustments
Accrual- Versus Cash- Basis Accounting
Modified Approaches
Illustration of Cash- Versus Accrual Basis of Accounting
Part 2: The Reporting Cycle
Preparing Financial Statements
An Illustration
Considering the Actual Process for Adjustments
Financial Statements
Computerization
A Worksheet Approach
An Additional Illustration
The Accounting Cycle and Closing Process
The Closing Process
Post Closing Trial Balance
Revisiting Computerization
Reversing Entries
Classified Balance Sheets
Assets
Liabilities
Equity
Other Entity Forms
Notes to the Financial Statements
Business Liquidity and the Operating Cycle
Working Capital
Current Ratio
Quick Ratio
ID Numbers
Links outside Open Library
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| May 5, 2020 | Edited by Tom Morris | merge authors |
| September 14, 2015 | Edited by Alice Kirk | Edited without comment. |
| September 14, 2015 | Created by Alice Kirk | Added new book. |