Financial
Management
101



ChapTopicTextStudy GuideAssignment

1

Accounting As A Career

Accounting Career, Concepts and Principles

3 - 13

SG 1
1.3 MB

Study Guide Questions
ChapTopicTextStudy GuideAssignment

2

Starting An Accounting System

  • Accounting for a Sole Proprietorship
  • The Accounting Equation: Assets = Liabilities + Capital
  • Chart of Acounts
  • Balance Sheet
  • Make an Opening Entry in a general journal
  • Open an account in a general ledger
  • Post an opening entry from a general journal to a general ledger
17 - 35

SG 2
5.2 MB

Study Guide Questions
ChapTopicTextStudy GuideAssignment

3

Changes Caused by Business Transactions

  • Changes caused by transactions
  • Analyze how transactions affect items on an accounting equation
  • Prepare a balance sheet after changes from transactions
36 - 49

SG 3
2.9 MB

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ChapTopicTextStudy GuideAssignment

4

Analyzing Transactions into Debit and Credit Parts

  • Analyze transactions as debits and credits
  • Use T accounts to analyze transactions as debits and credits
  • Ensure that debits always equal credits
50 - 66

SG 4
1.7 MB

- - -
ChapTopicTextStudy GuideAssignment

5

Journalizing Business Transactions

  • Record transactions in a combination journal
  • Prove equality of debits and credits in a combination journal
  • Prove cash
  • Forward totals from one combination journal page to another
  • Rule a combination journal page
67 - 88

SG 5
2.9 MB

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ChapTopicTextStudy GuideAssignment

6

Posting to a General Ledger

  • Post from a combination journal
  • Indentify accounting practices related to posting
  • Prepare a chart of accounts for a sole proprietorship
  • Post amounts from a combination journal to a general ledger
89 - 105

SG 6
17.0 MB

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ChapTopicTextStudy GuideAssignment

7

Work Sheet for a Service Business

  • Define terms related to a work sheet
  • Plan adjustments forsupplies and preaid insurance
  • Complete a work sheet for a sole proprietorship
  • Find and correct errors in accounting records
109 - 131

SG 7
10.4 MB

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ChapTopicTextStudy GuideAssignment

8

Financial Statements For A Sole Proprietorship

  • Principles and practices related to financial statements
  • Prepare an income statement from a work sheet for a sole proprietorship
  • Prepare a balance sheet from a work sheet for a sole proprietorship
132 - 145

SG 8
7.5 MB

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ChapTopicTextStudy GuideAssignment

9

Adjusting and Closing Entries for a Service Business

  • Define terms and practices related to adjusting and closing entries
  • Record and post adjusting entries
  • Record and post closing entries
  • Prepare a post-closing trial balance
146 - 163

SG 9
5.3 MB

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ChapTopicTextStudy GuideAssignment

10

Current Account and Reconciling a Bank Statement

  • Define terms related to a current account and reconciling a bank statement
  • Prepare selected business forms related to a current account
  • Prepare a bank statement reconciliation
  • Record selected transactions related to a current account
165 - 184

SG 10
5.9 MB

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ChapTopicTextStudy GuideAssignment

29

A Petty Cash System

  • Define terms and practices related to a petty cash system
  • Establish a petty cash fund using a voucher system
  • Record petty cash fund payments in a petty cash record
  • Prepare a voucher to replenish a petty cash fund
  • Determine if a petty cash fund is short or over
  • Establish and replenish a petty cash fund using a cash payments journal
630 - 647

SG 29
8.9 MB

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