Accounting Class Notes
Source QUICK NOTES Financial Accounting


Test 1 The Accounting Equation 11p

Overview of Accounting Cycle 

The Accounting Equation
Recording  Transactions
Help With Journal Entries
Adjustments, Worksheet, and Statements
Completing the Accounting Cycle
Cash Versus Accrual Accounting

Test 2 Merchandise Accounting: 4p

Special Journals for Accounting Systems

Test 3 Cash, Receivables, Inventory, Depreciation, Extraordinary Repairs, Disposal of Plant Assets, Natural Resources, Intangibles: 9p

Voucher Systems and Petty Cash 
Bank Reconciliation

Bad Debts 
Notes Receivable

Inventory using LIFO, FIFO and WA 
 Lower Cost or Market, Estimating Inventory Value
Depreciation Methods, Revising Depreciation
Extraordinary Repairs, Disposal of Plant Assets
Natural Resources, Intangibles 

Special Financing Assets Narrative Review for tests 4 and 5

Test 4 Liabilities: Current 3p

Notes Payable, Bank Loans

Property Taxes, Payroll, Warranties

Please Share

Test 5 Partnerships and Corporations: 6p

Entry of a New Partner, Division of Income
Bonus to Withdrawing Partner, Liquidation
Issuing Stocks, Paying Dividends
Stockholders' Equity, Book Value, and Stock Subscriptions
Stock Splits, Stock Dividends, Treasury Stock , and Prior Period Adjustments   
Retained Earnings Appropriation, Statement of Retained Earnings, Stockholders' Equity, and Earnings Per Share

Test 6 Time value of Monet y and Installment Notes Payable and Bonds Payable 5p

The Present And Future Value of Money 
Installment Notes Payable

Page 1 Issuing Bonds at a Discount and Page 2 Issuing Bonds at a Premium,
and Bond Sinking Funds 

Test 7 Cash Flows, Financial Statement Analysis, Investment in
Corporate Securities:

Narrative Review

Cash Flows Classifications 
Operating Activity Cash Flow, Direct & Indirect Methods
Investing and Financing Activity Cash Flow Determination
Statement of Cash Flow Worksheet

Horizontal and Vertical Analysis  

Trend Analysis, Ratio Analysis

Investment in Short Term Corporate Securities and Control-Equity Method  
Consolidated Financial Statements, Other Considerations

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