1. THE ACCOUNTING CYCLE: Accruals and Deferrals Chapter 4 2. At the end of the period, we need to makeadjusting entriesto get the accounts up to date for the financial statements.…
1. 2. The Accounting Information System Accounting,Third Edition 3. Analyze the effect of business transactions on the basic accounting equation. Explain what an account…
Slide 1An Evolving Process for K-12 School Districts Dr. William Waller VSTE Board of Directors 2012-2013 GRAETC Chair Coordinator, Technology Services Richmond City Public…
Slide 1 Slide 2 Chapter 4 THE ACCOUNTING CYCLE: Accruals and Prepayments Slide 3 At the end of the period, we need to make adjusting entries to get the accounts up to date…
Slide 1 ADJUSTMENTS Slide 2 Remember Financial statements should always be … ACCURATE TIMELY UNDERSTANDABLE To make Decisions Slide 3 Reason for Adjustments An example…