Accounting

  1. The Accounting Equation and Transaction Analysis
    1. The Fundamental Accounting Equation
      1. Assets = Liabilities + Equity
        1. Balance Maintenance
          1. Expanded Accounting Equation
            1. Owner's Capital
              1. Owner's Drawings/Dividends
                1. Revenues
                  1. Expenses
                2. Elements of the Equation
                  1. Assets
                    1. Definition and Characteristics
                      1. Classification of Assets
                        1. Examples of Assets
                        2. Liabilities
                          1. Definition and Characteristics
                            1. Classification of Liabilities
                              1. Examples of Liabilities
                              2. Equity
                                1. Owner's Equity vs. Stockholders' Equity
                                  1. Components of Equity
                                    1. Equity Changes
                                  2. Transaction Analysis
                                    1. Identifying Business Transactions
                                      1. Impact of Business Transactions on the Equation
                                        1. The Concept of Double-Entry Bookkeeping
                                          1. Dual Effect of Transactions
                                            1. Historical Development
                                            2. Debits and Credits
                                              1. Rules for Asset Accounts
                                                1. Rules for Liability Accounts
                                                  1. Rules for Equity Accounts
                                                    1. Normal Balances
                                                  2. T-Accounts
                                                    1. Structure and Use
                                                      1. Posting Transactions
                                                        1. Account Analysis

                                                      Previous

                                                      2. The Conceptual Framework of Accounting

                                                      Go to top

                                                      Next

                                                      4. The Accounting Cycle