Systems, Adjustments and Cycles

Description

AIS Accounting Information Systems

Learn by comparing manual and computerized accounting systems then apply your knowledge with practice in a computerized system with a manual key.

- Overview Key Issues and Terminology of Accounting Information Systems

- Process Flowcharts comparing Manual and Computerized AIS

- A Closer Look at Controls, Trial Balance Tips and the Closing Process

- Transaction Analysis Practice

- Transaction Guide

Adjusting Entries for Accruals and Deferrals

Master the chapter that is often viewed as the most difficult topic in the course with a concise, consistent approach.

- Overview Key Issues and Terminology of Adjusting Entries, Accruals and Deferrals

- Accruals and Deferrals Classification Grid - Practice and Solution

- Deferrals (Cash Before Delivery) Unearned Revenue, Prepaid Expense

- Accrued Revenue and Interest

- Accrued Payroll Expense

- Assets Used: Accrued Supplies and Depreciation Expense

- Adjusting Entries Practice, Key, Trial Balance Key and Chart

Merchandising Operations with the Multi-Step Income Statement

Learn how to apply the Buy, Pay, Use, Sell and Collect Transactions to Merchandise Inventory and generate a Relevant Income Statement for the Business.

- Overview and Terminology of Merchandising Operations + Multi-Step Income Statement

- Summary of Transactions from the Buyers and Sellers Perspectives

- FOB Shipping Terms have a Big Impact at the End of the Period

- Transactions and Statements: Example, Practice and Solution

- Multi-Step Income Statement With Margin Ratios

What You Will Learn!

• AIS Accounting Information Systems
• Adjusting Entries for Accruals and Deferrals
• Merchandising Operations with the Multi-Step Income Statement
• Multi-Step Income Statement With Margin Ratios

Who Should Attend!

• Businesses, Financial Accounting students and individuals interested in accounting.

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