Chapter 1 Introduction to Accounting 1
Unit 1 An Overview of Accounting 1
Unit 2 Types of Business 3
Unit 3 The Users of Financial Information 6
Unit 4 The Regulatory Framework 9
Key Terms 12
Multiple Choice Questions 13
Exercises 15
Chapter 2 The Basic Concepts of Accounting 16
Unit 1 Fundamental Accounting Assumptions 16
Unit 2 The Qualitative Characteristics of Financial Information 18
Key Terms 23
Multiple Choice Questions 24
Exercises 25
Chapter 3 Double Entry Method of Accounting 26
Unit 1 Accounting Elements and Accounting Equation 26
Unit 2 Double Entry Bookkeeping 30
Unit 3 The Use of Double Entry Bookkeeping 33
Key Terms 37
Multiple Choice Questions 38
Exercises 39
Chapter 4 Accounting ProceduresⅠ：Journalizing 42
Unit 1 Types of Business Documentation 43
Unit 2 Books of Prime Entry 51
Key Terms 56
Multiple Choice Questions 56
Exercises 58
Chapter 5 Accounting ProceduresⅡ：Posting 59
Unit 1 Ledger 59
Unit 2 Control Accounts 62
Key Terms 70
Multiple Choice Questions 71
Exercises 72
Chapter 6 Accounting ProceduresⅢ：Closing and Adjusting 74
Unit 1 Trial Balance 74
Unit 2 Error Correction 80
Unit 3 Adjustments 87
Key Terms 106
Multiple Choice Questions 106
Exercises 112
Chapter 7 Financial Statements 114
Unit 1 Statement of Financial Position 114
Unit 2 Income Statement 118
Unit 3 Statement of Cash Flows 119
Key Terms 124
Multiple Choice Questions 125
Exercises 128
Chapter 8 Recording Transactions 130
Unit 1 Recording Credit Transactions 130
Unit 2 Recording Cash Transactions 141
Unit 3 Fulfilling an Accounting Cycle 147
Key Terms 157
Multiple Choice Questions 157
Exercises 161
Bibliography 163