BUS 212 • Financial Reporting & Cost Analysis • Midterm I

Introduction to Accounting Concepts

Asset Accounts (Firmanın Varlıkları)

Liability and Owners' Equity Accounts (Firmanın Borç ve Özkaynakları)

Financial Statements (Income Statement&Balance Sheet)

Using Accounting Equation to Analyze Transactions

Recording Business Transaction

Journalizing Business Transactions

Posting T-Accounts (Post General Ledger)

Preparing Trial Balance Sheet

Merchandising Operations - Perpetual Inventory System 1

Merchandising Operations - Perpetual Inventory System 2

Example Perpetual Inventory

Merchandising Operations - Multistep Income Statement & Closing Entries

Shrinkage - Stok Noksanı

Merchandising Operations - Periodic Inventory System

FIFO Method

LIFO and Weighted Average Method

Periodic Inventory Method

Lower of Cost or Market Rule

Depreciation - Straight Line Method

Depreciation - Units of Production Method & Double Declining Method

Sale and Exchange of an Asset

Exam Like Quesiton - Lump Sum Purchase

Example Plant Assets

Payroll

Warranty Expense

Exam Like Question: Notes Payable and Plant Assets

Issuing Bond

Issuing Bond at a Discount

Issuing Bond at a Premium

Issuing Bond at a Discount with Accrued Interest

Issuing Bond at a Premium with Accrued Interest

Issuance of Common Stock (Ordinary Shares) and Preferred Stock (Preference Shares)

Dividend, Stock Split and Treasury Stock

Preparing Stockholders' Equity, EPS and Price/Earning Ratio