tailieunhanh - Lecture Financial accounting - Chapter 4: Completing the accounting cycle

This chapter include objectives: Prepare an accounting worksheet and describe its purpose, Prepare a classified balance sheet and explain the major headings, explain why closing entries are recorded in the accounts, Prepare closing entries, prepare a post-closing trial balance, explain the steps in the complete accounting cycle, explain the differences in the accounting cycle for partnerships and corporations. | RAECHEL WIGHT FINANCIAL ACCOUNTING THIRD ÍDCDON PERDISCO These lecture slides are designed to accompany Financial Accounting Third Edition Other features include X HI Chapter summary videos MP3 audio podcasts VirtualTutor e-learning AntiCheat and AutoGrade homework Detailed instructor resources To find out more visit finocc Chapter 4 Completing the accounting cycle Learning objectives 1. 2. 3. 4. 5. Prepare an accounting worksheet and describe its purpose Prepare a classified balance sheet and explain the major headings Explain why closing entries are recorded in the accounts Prepare closing entries Prepare a post-closing trial balance FINANCIALACCOUNTING

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