SESSION:1 Role of Accounting in Society1.1 Explain the Importance of Accounting and Distinguish between Financial and Managerial Accounting
SESSION:1 Role of Accounting in Society1.2 Identify Users of Accounting Information and How They Apply Information
SESSION:1 Role of Accounting in Society1.3 Describe Typical Accounting Activities and the Role Accountants Play in Identifying, Recording, and Reporting Financial Activities
SESSION:1 Role of Accounting in Society1.4 Explain Why Accounting Is Important to Business Stakeholders
SESSION:1 Role of Accounting in Society1.5 Describe the Varied Career Paths Open to Individuals with an Accounting Education
SESSION:2 Introduction to Financial Statements2.1 Describe the Income Statement, Statement of Owner’s Equity, Balance Sheet, and Statement of Cash Flows, and How They Interrelate
SESSION:2 Introduction to Financial Statements2.2 Define, Explain, and Provide Examples of Current and Noncurrent Assets, Current and Noncurrent Liabilities, Equity, Revenues, and Expenses
SESSION:2 Introduction to Financial Statements2.3 Prepare an Income Statement, Statement of Owner’s Equity, and Balance Sheet
SESSION:3 Analyzing and Recording Transactions3.1 Describe Principles, Assumptions, and Concepts of Accounting and Their Relationship to Financial Statements
SESSION:3 Analyzing and Recording Transactions3.2 Define and Describe the Expanded Accounting Equation and Its Relationship to Analyzing Transactions
SESSION:3 Analyzing and Recording Transactions3.3 Define and Describe the Initial Steps in the Accounting Cycle
SESSION:3 Analyzing and Recording Transactions3.4 Analyze Business Transactions Using the Accounting Equation and Show the Impact of Business Transactions on Financial Statements
SESSION:3 Analyzing and Recording Transactions3.5 Use Journal Entries to Record Transactions and Post to T-Accounts
SESSION:4 The Adjustment Process4.2 Discuss the Adjustment Process and Illustrate Common Types of Adjusting Entries
SESSION:5 Completing the Accounting Cycle5.3 Apply the Results from the Adjusted Trial Balance to Compute Current Ratio and Working Capital Balance, and Explain How These Measures Represent Liquidity
SESSION:5 Completing the Accounting Cycle5.4 Appendix: Complete a Comprehensive Accounting Cycle for a Business
SESSION:6 Merchandising Transactions6.1 Compare and Contrast Merchandising versus Service Activities and Transactions
SESSION:6 Merchandising Transactions6.2 Compare and Contrast Perpetual versus Periodic Inventory Systems
SESSION:6 Merchandising Transactions6.3 Analyze and Record Transactions for Merchandise Purchases Using the Perpetual Inventory System
SESSION:6 Merchandising Transactions6.4 Analyze and Record Transactions for the Sale of Merchandise Using the Perpetual Inventory System
SESSION:6 Merchandising Transactions6.5 Discuss and Record Transactions Applying the Two Commonly Used Freight-In Methods
SESSION:6 Merchandising Transactions6.6 Describe and Prepare Multi-Step and Simple Income Statements for Merchandising Companies
SESSION:6 Merchandising Transactions6.7 Appendix: Analyze and Record Transactions for Merchandise Purchases and Sales Using the Periodic Inventory System
SESSION:7 Accounting Information Systems7.1 Define and Describe the Components of an Accounting Information System
SESSION:7 Accounting Information Systems7.2 Describe and Explain the Purpose of Special Journals and Their Importance to Stakeholders
SESSION:7 Accounting Information Systems7.3 Analyze and Journalize Transactions Using Special Journals
SESSION:7 Accounting Information Systems7.5 Describe Career Paths Open to Individuals with a Joint Education in Accounting and Information Systems
SESSION:8 Fraud, Internal Controls, and Cash8.2 Define and Explain Internal Controls and Their Purpose within an Organization
SESSION:8 Fraud, Internal Controls, and Cash8.4 Define the Purpose and Use of a Petty Cash Fund, and Prepare Petty Cash Journal Entries
SESSION:8 Fraud, Internal Controls, and Cash8.5 Discuss Management Responsibilities for Maintaining Internal Controls within an Organization
SESSION:8 Fraud, Internal Controls, and Cash8.6 Define the Purpose of a Bank Reconciliation, and Prepare a Bank Reconciliation and Its Associated Journal Entries
SESSION:8 Fraud, Internal Controls, and Cash8.7 Describe Fraud in Financial Statements and Sarbanes-Oxley Act Requirements
SESSION:9 Accounting for Receivables9.1 Explain the Revenue Recognition Principle and How It Relates to Current and Future Sales and Purchase Transactions
SESSION:9 Accounting for Receivables9.2 Account for Uncollectible Accounts Using the Balance Sheet and Income Statement Approaches
SESSION:9 Accounting for Receivables9.3 Determine the Efficiency of Receivables Management Using Financial Ratios
SESSION:9 Accounting for Receivables9.4 Discuss the Role of Accounting for Receivables in Earnings Management
SESSION:10 Inventory10.1 Describe and Demonstrate the Basic Inventory Valuation Methods and Their Cost Flow Assumptions
SESSION:10 Inventory10.2 Calculate the Cost of Goods Sold and Ending Inventory Using the Periodic Method
SESSION:10 Inventory10.3 Calculate the Cost of Goods Sold and Ending Inventory Using the Perpetual Method
SESSION:10 Inventory10.4 Explain and Demonstrate the Impact of Inventory Valuation Errors on the Income Statement and Balance Sheet
SESSION:11 Long-Term Assets11.4 Describe Accounting for Intangible Assets and Record Related Transactions
SESSION:13 Long-Term Liabilities13.2 Compute Amortization of Long-Term Liabilities Using the Effective-Interest Method
SESSION:14 Corporation Accounting14.1 Explain the Process of Securing Equity Financing through the Issuance of Stock
SESSION:14 Corporation Accounting14.2 Analyze and Record Transactions for the Issuance and Repurchase of Stock
SESSION:14 Corporation Accounting14.3 Record Transactions and the Effects on Financial Statements for Cash Dividends, Property Dividends, Stock Dividends, and Stock Splits
SESSION:14 Corporation Accounting14.5 Discuss the Applicability of Earnings per Share as a Method to Measure Performance
SESSION:15 Partnership Accounting15.1 Describe the Advantages and Disadvantages of Organizing as a Partnership
SESSION:15 Partnership Accounting15.2 Describe How a Partnership Is Created, Including the Associated Journal Entries
SESSION:15 Partnership Accounting15.4 Prepare Journal Entries to Record the Admission and Withdrawal of a Partner
SESSION:15 Partnership Accounting15.5 Discuss and Record Entries for the Dissolution of a Partnership
SESSION:16 Statement of Cash Flows16.2 Differentiate between Operating, Investing, and Financing Activities
SESSION:16 Statement of Cash Flows16.4 Prepare the Completed Statement of Cash Flows Using the Indirect Method
SESSION:16 Statement of Cash Flows16.5 Use Information from the Statement of Cash Flows to Prepare Ratios to Assess Liquidity and Solvency
SESSION:16 Statement of Cash Flows16.6 Appendix: Prepare a Completed Statement of Cash Flows Using the Direct Method
