tailieunhanh - Ebook Introduction to financial accounting (2/E): Part 1

Part 1 book “Introduction to financial accounting” has contents: Introduction to financial accounting, the accounting process, financial accounting and the use of adjusting entries, the classified balance sheet and related disclosures, accounting for the sale of goods, and other contents. | Introduction to Financial Accounting Second Edition Based on International Financial Reporting Standards Henry Dauderis David Annand Copyright © 2014 Henry Dauderis Published by Valley Educational Services Ltd. 4910C – 58 St., Athabasca AB T9S 1L5 ISBN 978-0-9936701-2-1 Printed and bound in Canada by Athabasca University Library and Archives Canada Cataloguing in Publication Dauderis, Henry, 1941– Annand, David, 1954– This textbook is licensed under a Creative Commons License, Attribution–Noncommercial–Share Alike Canada: see . This material may be reproduced for non-commercial purposes and changes may be used by others provided that credit is given to the original authors. To obtain permission for uses beyond those outlined in the Creative Commons license, please contact David Annand at davida@. Latest version available at Please forward suggested changes to davida@. December 8, 2014 Table of Contents 1. Introduction to Financial Accounting A. Introduction B. Accounting Defined C. Business Organizations D. Generally Accepted Accounting Principles E. Financial Statements F. Transactions Analysis and Double-entry Accounting Summary of Chapter 1 Learning Objectives Concept Self-check Comprehension Problems Problems Alternate Problems 1 2 2 2 4 7 7 18 21 22 29 35 2. The Accounting Process A. Accounts B. Transactions Analysis Using Accounts C. The Trial Balance D. Using Formal Accounting Records E. The Accounting Cycle Summary of Chapter 2 Learning Objectives Concept Self-check Comprehension Problems Problems Alternate Problems Decision Problem 41 42 47 54 57 61 63 65 66 78 85 93 3. Financial Accounting and the Use of Adjusting Entries A. The Operating Cycle B. Adjusting Entries C. The Adjusted Trial Balance D. Using the Adjusted Trial Balance to Prepare Financial Statements E. The Accounting Cycle F. The Closing Process Summary of Chapter 3 Learning