Income Measurement & The Reporting Cycle
The Accounting Cycle

- Price: 75,50 kr
- Price: €8,99
- Price: £8,99
- Price: ₹150
- Price: $8,99
- Price: 75,50 kr
- Price: 75,50 kr
Descarga GRATIS tus ebooks en 4 sencillos pasos

Corporate eLibrary
Discover our employee learning solutions
This is a Premium eBook
Bookboon Premium - Gain access to over 800 eBooks - without ads
You can get free access for a month to this - and 800 other books with the Premium Subscription. You can also buy the book below
- Start a 30-day free trial. After trial: 39,99 kr p/m
- Start a 30-day free trial. After trial: €5,99 p/m
- Start a 30-day free trial. After trial: £4,99 p/m
- Start a 30-day free trial. After trial: ₹299 p/m
- Start a 30-day free trial. After trial: $3,99 p/m
- Start a 30-day free trial. After trial: 39,99 kr p/m
- Start a 30-day free trial. After trial: 39,99 kr p/m


Corporate eLibrary
Discover our employee learning solutions
Los usuarios que vieron este artículo también vieron
-
International Financial Reporting
-
Cost Analysis Managerial and Cost Accounting
-
Using Accounting Information
-
Accounting Cycle Exercises II
-
Liabilities and Equity
-
Process and Activity-Based Costing Managerial and Cost Accounting
-
Reporting Techniques In Support of Managerial Decision Making
-
Tools for Enterprise Performance Evaluation Budgeting and Decision Making
Acerca del libro
Opiniones
Paul A. Hirt ★★★★★
Organized in content and detailed.
Descripción
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. This text follows up on the fundamentals of accounting that were laid out in Basics of Accounting and Information Processing. It is available as a free e-book to download here.
In the first chapter, important income terminology is identified before readers are guided through the concept of measurement triggering transactions and events. Further topics in Part 1 (Income Measurement) include the periodicity assumption, payment and revenue recognition versus payment and expense recognition, the adjustment process, depreciation, and accruals. Moving on to Part 2 (the Reporting Cycle), readers are familiarized with preparing financial statements, the closing process, reversing entries, and working with classified balance sheets. The text ends with a discussion of business liquidity and the operating cycle. Diagrams and charts are utilized throughout the text.
Readers interested in continuing their study of accountancy can refer to any of the many explanatory or exercise e-books by authors Larry M. Walther & Christopher J. Skousen, all available for free download on bookboon.com.
Contenido
- 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