1. Course Studied Lecture 32

2. Chapter 1 Introduction to Accounting and Business

3. Lecture 01

4. Lecture 02

5. Chapter 02 Analyzing Transactions

6. Lecture 03 Rules of Debit / Credit Income Statement Accounts Double-Entry Accounting Normal Balances of Accounts System to Analyze Transactions Journalizing of Transactions Posting Journal Entry into Ledgers Practice Question

7. Lecture 04 Transactions Rules of Debit and Credit Journalizing Posting into Ledgers Balancing the Ledger Accounts

8. Lecture 05 Trial Balance Preparing Financial Statements from Trial Balance Errors or Mistakes in Transactions Errors that will not cause the trial balance to be unequal Correction of Errors Financial Analysis and Interpretation Comparing an item in a current statement with the same item in prior statements is called horizontal analysis. End of Chapter 2

9. Chapter 3 The Matching Concept and the Adjusting Process

10. Lecture 06 The Matching Concept and the Adjusting Process Reporting Revenue and Expenses – Cash Basis of Accounting – Accrual Basis of Accounting Unadjusted trial balance Chart of Accounts

11. Lecture 07 The Matching Concept and the Adjusting Process Reporting Revenues and Expenses Deferred Expenses (Prepaid Expenses) Deferred Revenue (Unearned Revenue) Accrued Expenses (Accrued Liabilities) Accrued Revenues (Accrued Assets) Fixed Assets Effect of Omitting Adjustment

12. Lecture 08 The Matching Concept and the Adjusting Process Reporting Revenues and Expenses Deferred Expenses (Prepaid Expenses) Deferred Revenue (Unearned Revenue) Accrued Expenses (Accrued Liabilities) Accrued Revenues (Accrued Assets) Fixed Assets Effect of Omitting Adjustment Summary of Basic Adjustments Adjusted Trial Balance Vertical Analysis and Interpretation End of Chapter 3

13. Chapter 04 Completing the Accounting Cycle Task Force Image Gallery clip art included in this electronic presentation is used with the permission of NVTech Inc.

14. Lecture 09

15. Lecture 10 Unadjusted Trial Balance Adjusting entries and their affect on adjustment column Adjustment of entries on Adjusted column

16. Lecture 11 Structure of Worksheet Unadjusted Trial Balance Adjusting entries and their affect on adjustment column Adjustment of entries on Adjusted column Preparation of Income Statement Column Preparation of Balance Sheet Column

17. Lecture 12 Property, Plant and Equipment Effect of Omitting Adjustment Summary of Basic Adjustments Preparation of Income Statement Column Preparation of Balance Sheet Column Closing Entries After Closing Trial Balance

18. Lecture 13 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Preparation of Income Statement Column Preparation of Balance Sheet Column Closing Entries After Closing Trial Balance

19. Lecture 14 Practice Question Unadjusted Trial Balance Adjustments Adjusted Trial Balance Preparation of Income Statement Column Preparation of Balance Sheet Column Closing Entries After Closing Trial Balance

20. Lecture 15 Practice Questions to Students Sample Income Statements – Service Business (Banking) – Trading or Merchandizing Business – End of Chapter 04

21. Chapter 5 Accounting Systems and Internal Controls

22. Lecture 16 Basic Accounting System Objectives of Internal Control Elements of Internal Control 1.Control environment 2.Risk assessment 3.Control procedures 4.Monitoring 5.Information and communication abuses or consequences Clues to Potential Problems

23. Lecture 17 Manual Accounting System Format of Ledger with running balance Special Journal Subsidiary Ledger Revenue Journal

24. Lecture 18

25. Lecture 19 Special Journal Subsidiary Ledger Revenue Journal Cash Receipt Journal

26. Lecture 20 Special Journal Subsidiary Ledger Revenue Journal Cash Receipt Journal Purchase Journal

27. Lecture 21 Internal Control Special Journal Subsidiary Ledger Revenue Journal Cash Receipt Journal Purchase Journal Cash Payment Journal Computerized Accounting End of Chapter 05

28. Receivables and Inventories Chapter 6

29. Lecture 22

30. Lecture 23 Difference Between Merchandizing and Service Business Accounting for Inventories Terms of purchases Terms of Sales Calculation of Net Profit Closing Entries

31. Lecture 24 Cost, Product Cost, Period Cost Components of Manufacturing Products Cost of Good Manufactured Cost of Goods Sold Manufacturing Cost Flows Income Statements

32. Lecture 25

33. Lecture 26

34. Lecture 27 FIFO (Perpetual Inventory System) FIFO (Periodic Inventory System)

35. Lecture 28 LIFO (Perpetual Inventory System) LIFO (Periodic Inventory System)

36. Lecture 29 Inventory Systems Perpetual Inventory System Periodic Inventory System Cost Flow Assumptions First in First Out Last in First Out Average Inventory Method End of Chapter 6

37. Chapter 07 Cash and Bank Reconcialiation Statement Task Force Image Gallery clip art included in this electronic presentation is used with the permission of NVTech Inc.

38. Lecture 30

39. Lecture 31 Practice Questions of Accounting Equation Accounting Cycle Complete Accounting Cycle Inventories – Merchandizing Business – Manufacturing Business Bank Reconciliation Statement

40. End of Lecture 32 Accounting 1 MGT 130 Completion of Course