Financial Accounting Fundamentals, 8th Edition
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By John Wild, Chapter 1 - 13 with appendix B&C
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,Chapter 1: Accounting in Business
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Chapter 2: Accounting for Business Transactions
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Chapter 3: Adjusting Accounts for Financial Statements
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Chapter 4: Accounting for Merchandising Operations
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Chapter 5: Inventories and Cost of Sales
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Chapter 6: Cash, Fraud, and Internal Control
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Chapter 7: Accounting for Receivables
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Chapter 8: Accounting for Long-Term Assets
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Chapter 9: Accounting for Current Liabilities
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Chapter 10: Accounting for Long-Term Liabilities
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Chapter 11: Corporate Reporting and Analysis
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Chapter 12: Reporting Cash Flows
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Chapter 13: Analysis of Financial Statements
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,Chapter 1 0
Accounting in Business 0 0
QUICK STUDIES
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Quick0Study01-10(100minutes)
1. f Artificial0Intelligence
2. c0 Recording
3. h0 Recordkeeping0(bookkeeping)
Quick0Study01-20(100minutes)
a. External0user g. External0user
b. External0user h. External0user
c. External0user i. Internal0user
d. External0user j. External0user
e. Internal0user k. External0user
f. External0user l. External0user
Quick0Study01-30(100minutes)
1. Opportunity 4. Opportunity
2. Pressure 5. Pressure
3. Rationalization 6. Rationalization
Quick0Study01-40(50minutes)
, 1. Principle 3. Assumption
2. Assumption 4. Principle
Quick0Study01-50(100minutes)
Attribute0Present Proprietorship Partnership Corporation LLC
1. Business0taxed no no yes no
2. Limited0liability no no yes yes
3. Legal0entity no no yes yes
Quick0Study01-60(100minutes)
1. Revenue0recognition0principle
2. Measurement0(cost)0principle
3. Business0entity0assumption
Quick0Study01-70(50minutes)
Assets = Liabilities + Equity
$700,000 (a)0 $280,000 $420,000
$500,000 (b)0 $250,000 (b)0 $250,000
Quick0Study01-80(100minutes)
1.
Assets = Liabilities + Equity
$75,000 (a)0 $35,000 $40,000
(b)0 $95,000 $25,000 $70,000
$85,000 $20,000 (c)0 $65,000
2.
+0 Common
Assets = Liabilities Stock -0 Dividends +0Revenues -0Expenses
$40,000 $16,000 $20,000 $ 0 (a)0$12,000 $0 8,000
$80,000 $32,000 $44,000 (b)0$2,000 $24,000 $18,000