Accounting Model

Accounting Model
accounting as an information system
financial position and the accounting equation
assets
liabilities
owners' equity
stockholders' equity
contributed capital
retained earnings
revenues and expenses
dividends
effects of business transactions on
financial position
communications through financial statements
the income statement
the statement of retained earnings
balance sheet
statement of cash flows
doubleentry system
completing the accounting cycle
overview of the accounting cycle
closing entries
income summary account
required closing entries
the accounts after closing
the postclosing trial balance
reversing entries the optional first step
in the next accounting period
the worksheet an accountant's tool
working papers
the work sheet
preparing the work sheet
recognition, valuation, and classification
the recognition issue
the valuation issue
cost
value
the cost principle
the classification issue
account and doubleentry system
stockholders' equity accounts
account titles
the doubleentry system
recording and posting transactions
the general journal
procedure for recoding a journal entry
posting to the ledger
trial balance
measuring business income and adjusting process
measuring issues
the accounting period issue
the continuity issue
the matching issue
cash basic of accounting
accrual accounting
accrual accounting and performance measures
adjusting process
deferrals
accruals
allocating recorded costs between two
or more accounting period
recognizing unrecorded expenses
recognizing unrecorded revenues
adjusted trial balance(ATB)
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