First Semester Information and Resources: |
Aplia: Engage - Prepare - Educate
Online Learning Resources and Materials for College Accounting.
Online Learning Resources and Materials for College Accounting.
Chapter 1: Starting a Proprietorship – Changes that Affect the Accounting Equation
Goals of the Chapter:
Goals of the Chapter:
- Describe how a proprietorship is started and the types of transactions that occur when a business is organized
- Define accounting terms related to starting a sole proprietorship and changes that affect the accounting equation
- Classify accounts as assets, liabilities & owner’s equity in the accounting equation
- Use the accounting equation to analyze transactions
Chapter 2: Analyzing Transactions into Debit and Credit Parts
Goals of the Chapter:
Goals of the Chapter:
- Define accounting terms related to analyzing transactions into debit and credit parts
- Identify accounting practices related to analyzing transactions into debit and credit parts
- Use T accounts to analyze transactions
- Analyze how transactions used to set up a business affect accounts
Chapter 3: Journals, Source Documents and Recording Entries in a Journal
Goals of the Chapter:
Goals of the Chapter:
- Define accounting terms related to journalizing transactions
- Identify accounting concepts and practices related to journalizing transactions record in a general journal transactions to set up a business
- Record in a general journal transactions to buy insurance for cash and supplies on account
- Record in a general journal transactions that affect owner’s equity and receiving cash on account
- Start a new journal page
Chapter 4: Posting from a General Journal to a General Ledger
Goals of the Chapter:
Goals of the Chapter:
- Define accounting terms related to posting form a general journal to a general ledger
- Identify accounting concepts and practices related to posting from a general journal to a general ledger
- Prepare a chart of accounts for a service business organized as a proprietorship
- Post amounts from a general journal to a general ledger
- Prove cash
- Analyze and journalize correcting entries
Chapter 5: Cash Control Systems
Goals of the Chapter:
Goals of the Chapter:
- Define accounting terms related to using a checking account and a petty cash fund
- Identify accounting concepts and practices related to using a checking account
- Prepare business papers related to using a checking account
- Reconcile a bank statement
- Journalize dishonored checks and electronic banking transactions
- Establish a petty cash fund
Chapter 6: Worksheets for a Service Business
Goals of the Chapter:
Goals of the Chapter:
- Define accounting terms related to a worksheet for a service business organized as a proprietorship
- Identify accounting concepts and practices related to a worksheet for a service business organized as a proprietorship
- Prepare a heading and a trial balance on a worksheet
- Plan adjustments for supplies and prepaid insurance
- Complete a worksheet for a service business
- Identify selected procedures for finding and correcting errors in accounting records
Chapter 7: Financial Statements for Sole Proprietorships
Goals of the Chapter:
Goals of the Chapter:
- Define accounting terms related to financial statements for as service business organized as a proprietorship
- Identify accounting concepts and practices related to preparation of financial statements for a service business organized as a proprietorship
- Prepare an income statement for a service business organized as a proprietorship and analyze an income statement using component percentages
- Prepare a balance sheet for a service business organized as a proprietorship
Chapter 8: Recording Adjusting and Closing Entries for a Service Business
Goals of the Chapter:
Goals of the Chapter:
- Define accounting terms related to adjusting and closing entries for a service business organized as a proprietorship
- Identify accounting concepts and practices related to adjusting and closing entries for a service business organized as a proprietorship
- Understand the difference between temporary and permanent accounts
- Record adjusting entries for a service business
- Record closing entries for a service business
- Prepare a post-closing trial balance for a service business organized as a proprietorship
- Understand all of the steps of the accounting cycle