What you'll learn

AIS Accounting Information Systems

Adjusting Entries for Accruals and Deferrals

Merchandising Operations with the Multi-Step Income Statement

Multi-Step Income Statement With Margin Ratios

Requirements

No prior accounting experience required.

Description

AIS Accounting Information SystemsLearn by comparing manual and computerized accounting systems then apply your knowledge with practice in a computerized system with a manual key.- Overview Key Issues and Terminology of Accounting Information Systems- Process Flowcharts comparing Manual and Computerized AIS- A Closer Look at Controls, Trial Balance Tips and the Closing Process- Transaction Analysis Practice- Transaction GuideAdjusting Entries for Accruals and DeferralsMaster the chapter that is often viewed as the most difficult topic in the course with a concise, consistent approach.- Overview Key Issues and Terminology of Adjusting Entries, Accruals and Deferrals- Accruals and Deferrals Classification Grid - Practice and Solution- Deferrals (Cash Before Delivery) Unearned Revenue, Prepaid Expense- Accrued Revenue and Interest- Accrued Payroll Expense- Assets Used: Accrued Supplies and Depreciation Expense- Adjusting Entries Practice, Key, Trial Balance Key and ChartMerchandising Operations with the Multi-Step Income StatementLearn how to apply the Buy, Pay, Use, Sell and Collect Transactions to Merchandise Inventory and generate a Relevant Income Statement for the Business.- Overview and Terminology of Merchandising Operations + Multi-Step Income Statement- Summary of Transactions from the Buyers and Sellers Perspectives- FOB Shipping Terms have a Big Impact at the End of the Period- Transactions and Statements: Example, Practice and Solution- Multi-Step Income Statement With Margin Ratios

Who this course is for

Businesses, Financial Accounting students and individuals interested in accounting.

Systems__Adjustments_and_Cycles.part1.rar - 995.0 MB

Systems__Adjustments_and_Cycles.part2.rar - 874.2 MB