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ACCT*1220 Introductory Financial Accounting – Course Syllabus and Study Guide

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The Financial Statements

Journal Entries: Debits and Credits

Accounting Flow Intuition: BASE Formula

Trial Balance

Classified Balance Sheet Components

Accrual Accounting vs. Cash Basis Accounting

Revenue Recognition and Expense Recognition

Introduction to Adjusting Journal Entries and Prepaid Expenses

Adjusting Entries: Supplies

Adjusting Entries: Unearned Revenue

Adjusting Entries: Accrued Expenses

Adjusting Entries: Accrued Revenues

Adjusting Entries: Depreciation

Summary of Adjusting Entries

Unadjusted vs Adjusted Trial Balance

Closing Entries

Post-Closing Trial Balance

Types of Accounting

Fundamental Accounting Equation

Business Organization

Types of Receivables

Perpetual Inventory - Purchases

Initial Cost of Long Lived Assets

Types of Liabilities

Characteristics of a Corporation

Introduction to the Statement of Cash Flows

Horizontal Analysis