UNIT 1 THE WORLD OF ACCOUNTING 1
LESSON 1 ACCOUNTING AND ITS ENVIRONMENT 2
LESSON 2 ACCOUNTING CONCEPTUAL FRAMEWORK 11
LESSON 3 ACCOUNTING ELEMENTS, EQUATION, AND DOUBLE ENTRY BOOKKEEPING 19
LESSON 4 ACCOUNTING CYCLE 25
PROJECT 1 39
UNIT 2 ACCOUNTING FOR SERVICE BUSINESS 41
LESSON 1 SERVICE BUSINESS AND ITS ACCOUNTING CYCLE 42
LESSON 2 RECORD TRANSACTIONS FOR SERVICE BUSINESS 47
PROJECT 2 58
UNIT 3 ACCOUNTING FOR MERCHANDISING BUSINESS 70
LESSON 1 MERCHANDISING BUSINESS AND ITS OPERATING CYCLE 71
LESSON 2 RECORD PURCHASE TRANSACTIONS FOR MERCHANDISING BUSINESS 75
LESSON 3 RECORD SALES TRANSACTIONS FOR MERCHANDISING BUSINESS 81
PROJECT 3 86
UNIT 4 ACCOUNTING FOR MANUFACTURING BUSINESS 92
LESSON 1 MANUFACTURING BUSINESS AND ITS OPERATING CYCLE 93
LESSON 2 ANALYZE THE “COST OF GOODS MANUFACTURED” 100
LESSON 3 RECORD TRANSACTIONS FOR MANUFACTURING BUSINESS 106
PROJECT 4 112
UNIT 5 FINANCIAL STATEMENTS 114
LESSON 1 AN OVERVIEW OF FINANCIAL STATEMENTS 115
LESSON 2 BALANCE SHEET 118
LESSON 3 INCOME STATEMENT 125
LESSON 4 CASH FLOW STATEMENT 130
PROJECT 5 136
UNIT 6 INTERPRETATION OF FINANCIAL STATEMENTS 139
LESSON 1 INTRODUCTION TO FINANCIAL STATEMENT INTERPRETATION 140
LESSON 2 FINANCIAL RATIO ANALYSIS 146
UNIT 7 ACCOUNTING IN A DIGITAL WORLD 158
LESSON 1 THE DIGITAL WORLD AND BUSINESS ENVIRONMENT 159
LESSON 2 TECHNOLOGIES IN A DIGITAL WORLD 166
APPENDIX 178
REFERENCES 180