PPT-Analyzing Transactions Debits and Credits

Using TAccounts Accounting Equation Assets Liabilities Owners Equity Left Side Right Side T Account Left Side Right Side Debit Side Credit Side Accounts Account record summarizing all the information pertaining to a single item. This module provides an introduction to the balance sheet, one of the essential financial statements in accounting and includes an introduction to debits and credits, and double entry accounting. We suggest doing the Balance Sheet module prior to the Income Statement.. Principles of Accounting I. Objectives. By the end of the lesson, I will be able to:. define accounting terms related to analyzing transactions into debit and credit parts.. identify accounting practices related to analyzing transactions into debit and credit parts.. 2. Learning Objectives. Describe how accounts, debits, and credits are used to record business transactions.. Indicate how a journal is used in the recording process.. Explain how a ledger and posting help in the recording process.. What a Novel Idea!. Structure in The Cellist of Sarajevo. Analyzing the Structure of a Novel. Looking at specific structural choices an author has made is an often overlooked (sadly) strategy for “figuring out” the author’s philosophical purpose (aka THEME) for a novel.. Chapter 8. Fiscal Periods. A “fiscal” period (a/k/a “accounting” period) is the amount of time for which a business reports financial information . A business picks a length . of time – usually a year – and . PRINCIPLES OF . FINANCIAL ACCOUNTING . CANADIAN EDITION. Chapter 2. The Recording Process. Prepared by. :. Debbie . Musil. Kwantlen. Polytechnic University. 1. Copyright John Wiley & Sons Canada, Ltd. . The Recording Process. The Account. Debits and credits. Double-entry accounting. Analyzing and Recording Transactions. The accounting cycle and steps in the recording process. The journal. The Ledger. Cash Reconciliations ~ Related Internal Controls & tracking debits & credits throughout the month Montana Clerks, Treasurers & Finance Officers Institute ~ May 2014 Darla Erickson, Local Government Services Bureau The Benefits of Reading Books The Benefits of Reading Books The Benefits of Reading Books The Benefits of Reading Books The Benefits of Reading Books Financial managers need to analyze . the . accounting records to…. Understand . how . things have worked in the past. Effects of a course of action. Costs and benefits of an action . Why do we need to study accounting? .