Professional Documents
Culture Documents
Bae 1 Course Outline
Bae 1 Course Outline
COURSE OUTLINE
SY 2021 - 2022
Definition of accounting
Phases of Accounting
Basic Purpose of Accounting
Users of accounting information
Common branches of accounting
Forms of business organizations
Types of business according to activities
Posting
Preparing the unadjusted trial balance
Types of trial balance
Errors revealed by a trial balance
Errors not revealed by a trial balance
Adjusting entries
Accruals of income and expense
Recognition of depreciation expense
Recognition of bad debt expense
Real, nominal and mixed accounts
Methods of initial recording of income and expense
The worksheet
Financial statements
Closing entries
Post-closing trial balance
Reversing entries
Inventory
Inventory systems
Gross profit
T-account analysis
Recording in the general and special journals
Posting to the general and subsidiary ledgers
The accounting cycle of a merchandising business