tailieunhanh - Lecture Accounting: Tools for business decision making (5th edition): Appendices I - Kimmel, Weygandt, Kieso

Appendices I - Accounting for sole proprietorships. After studying this chapter, you should be able to: identify the differences in equity accounts between a corporation and a sole proprietorship, understand what accounts increase and decrease owner’s equity, describe the differences between a retained earnings statement and an owner’s equity statement,. | I ACCOUNTING FOR SOLE PROPRIETORSHIPS Accounting, Fifth Edition After studying this chapter, you should be able to: Identify the differences in equity accounts between a corporation and a sole proprietorship. Understand what accounts increase and decrease owner’s equity. Describe the differences between a retained earnings statement and an owner’s equity statement. Explain the process of closing the books for a sole proprietorship. Learning Objectives The primary difference between accounting and reporting for a sole proprietorship and a corporation involves accounting for equity transactions. Sole Proprietorship Accounting LO 1 Identify the differences in equity accounts between a corporation and a sole proprietorship. Illustration I-1 Sole Proprietorship Accounting LO 2 Understand what accounts increase and decrease owner’s equity. Owner’s Equity Illustration I-2 (Drawings) Recording Transactions LO 2 Illustration I-3 Sierra’s transactions as a sole proprietor. Sole proprietor prepares an owner’s equity statement rather than a retained earnings statement LO 3 Illustration I-4 LO 4 Closing the Books Illustration I-5 LO 4 Closing the Books Illustration I-6 LO 4 Closing the Books Illustration I-8 Preparing a Post-Closing Trial Balance Post-closing trial balance List of all permanent accounts and their balances after closing entries are journalized and posted. Purpose is to prove the equality of the permanent account balances that are carried forward into the next accounting period. Contains only permanent—balance sheet—accounts. LO 4 Explain the process of closing the books for a sole proprietorship. “Copyright © 2013 John Wiley & Sons, Inc. All rights reserved. Reproduction or translation of this work beyond that permitted in Section 117 of the 1976 United States Copyright Act without the express written permission of the copyright owner is unlawful. Request for further information should be addressed to the Permissions Department, John Wiley & Sons, Inc. The . | I ACCOUNTING FOR SOLE PROPRIETORSHIPS Accounting, Fifth Edition After studying this chapter, you should be able to: Identify the differences in equity accounts between a corporation and a sole proprietorship. Understand what accounts increase and decrease owner’s equity. Describe the differences between a retained earnings statement and an owner’s equity statement. Explain the process of closing the books for a sole proprietorship. Learning Objectives The primary difference between accounting and reporting for a sole proprietorship and a corporation involves accounting for equity transactions. Sole Proprietorship Accounting LO 1 Identify the differences in equity accounts between a corporation and a sole proprietorship. Illustration I-1 Sole Proprietorship Accounting LO 2 Understand what accounts increase and decrease owner’s equity. Owner’s Equity Illustration I-2 (Drawings) Recording Transactions LO 2 Illustration I-3 Sierra’s transactions as a sole proprietor. Sole proprietor .

• Kế toán - Kiểm toán
• Financial Statements
• Making business decision
• Business decision tool
• Lecture Accounting
• Sole proprietorships
• Proprietorship accounting
• Working with Financial Statements
• Statements Cash Flow
• Standardized Financial Statements
• The DuPont Identity
• Using Financial Statement Information
• Principle of accounting
• Lecture Principle of accounting
• The basic financial statements
• Statements of financial position
• Statements of comprehensive income
• Lecture Accounting 1
• Financial accounting
• Preparation financial statements
• Balancing ledger account
• Financial system
• Lecture Accounting and financial system
• Interpretation of financial statements
• Financial records
• Government grants
• Personal financial planning
• Personal financial
• Lecture Personal financial planning
• Financial planning
• Financial statements analysis
• Principles of financial accounting
• Accounting information
• Analysis of financial statements
• Trend analysis
• Independent external auditor
• Financial statements’ preparers
• Financial statements’ users
• Users of financial statements in Saudi Arabia
• Substantial audit expectation
• Summary of PhD thesis
• Thesis summary of Doctor of Accounting
• Auditing of financial statements
• Auditing time of financial statements
• Accounting in practice
• Lecture Accounting in practice
• Statement of cash flow
• Accounting principles
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Horizontal analysis
• Audited financial statements
• Group financial statements
• Auditing services
• Assurance services
• Contemporary auditing environment
• Financial statement audit
• Financial statements statements
• The accounting information system
• Accrual accounting concepts
• Analyzing inventory
• The factors affect
• The quality of financial statements audit
• Vietnam businesses
• Especially the financial markets
• Financial statements audit in enterprises
• financial services
• financial ratios
• corporate governance
• financial management
• financial environment markets
• Lecture Financial accounting
• Business entity
• Accounting equation
• Financial statement articulation
• Accounting activities
• Business firms
• The financial reporting reform
• Fundamentals of financial management
• Financial statement
• Quản lý tài chính
• Ratio analysis
• Financial Reporting
• Framework of financial reporting
• Lecture Framework of financial reporting
• Regulatory system
• Financial statements comprises