Do's and Don'Ts Review of the Acctg Cycle
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Transcript of Do's and Don'Ts Review of the Acctg Cycle
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7/24/2019 Do's and Don'Ts Review of the Acctg Cycle
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Dos and Donts
1. Use blue or black ballpenonly
2. An error is corrected byfrst crossing it out with astraight line then writingthe correction on top othe error and not over it.
3. Put peso signs infnancial statements andin the presentation osolutions to problems
. Use ruler
1. Use o pencils is not allowed
2. Use o erasers or correction
!uid is not allowed
3. Peso signs are not placed in"ournals and ledgers
. #ines drawn with otherguides such as cardboards$%&s$ credit cards$ phonecards$ edge o calculatorsare to be discouraged.
&o's &on'ts
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Dos and Donts
(. Use own calculatorduring e)ams
*. +upporting
computations mustbe in goodaccounting ormat
(. ,o borrowing or sharingo calculators during
e)ams.*. Use o the cellphone
inside the classroomeven as calculator is notallowed.
-. +upporting computationsin algebraic or euationormat.
&o's &on'ts
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7/24/2019 Do's and Don'Ts Review of the Acctg Cycle
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Dos and Dos
*. /olumnar worksheet mustbe properly used
0nly the ruled side mustbe used
he worksheet must beolded properly$ eually intwo with the ruled partolded inside.
he name must be writtenlegibly on the top righthand corner o theworksheet that is not ruledolded.
4olders
1. /over it with plastic
2. 5rite the sub6ect$ section$name legibly7 ront$ topright
3. ,eatly fle theassignments$ seat works$
most recent on top$together with thee)ercises workbook.
. able o contents$8idterm$ fnals
&o's &o's
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Review of the accountingcycle
.
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Review of the accounting
cycle
1. Analyze
.BusinessDocume
nts
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7/24/2019 Do's and Don'Ts Review of the Acctg Cycle
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Review of the accounting
cycle
1. Analyze
2. Journalize .BusinessDocume
nts
General
Journal!"eci
alJournal
s
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7/24/2019 Do's and Don'Ts Review of the Acctg Cycle
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Review of the accounting
cycle1. Analyze2. Journalize#. $ost to
%edgerAccounts
.BusinessDocume
nts
General
Journal%edger
Accounts
-
7/24/2019 Do's and Don'Ts Review of the Acctg Cycle
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Review of the accounting
cycle1. Analyze2. Journalize#. $ost to
%edgerAccounts
&. 'rialBalance
.BusinessDocume
nts
General
Journal%edger
Accounts
Trial
Balance
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7/24/2019 Do's and Don'Ts Review of the Acctg Cycle
9/14
Review of the accounting
cycle1. Analyze2. Journalize#. $ost to
%edgerAccounts
&. 'rialBalance
(.Ad)ustments
*. Ad)usted'rialBalance
.BusinessDocume
nts
General
Journal%edger
Accounts
Trial
Balance
Adjustments/
Adjusted
Trial Balance
-
7/24/2019 Do's and Don'Ts Review of the Acctg Cycle
10/14
Review of the accounting
cycle1. Analyze2. Journalize#. $ost to
%edgerAccounts
&. 'rialBalance
(.Ad)ustments
*. Ad)usted'rialBalance
+. ,inancial!tatements
.BusinessDocume
nts
General
Journal%edger
Accounts
Financial
Reports
Statement of
Financial Position
Income Statement
Statement of changes
in Equity
Cash Flow
Notes to Financial
Statements
Trial
Balance
Adjustments/
Adjusted
Trial Balance
-
7/24/2019 Do's and Don'Ts Review of the Acctg Cycle
11/14
Review of the accounting
cycle1. Analyze2. Journalize#. $ost to
%edgerAccounts
&. 'rialBalance
(.
Ad)ustments
*. Ad)usted
'rialBalance
+. ,inancial
!tatements
-. losingentries
.BusinessDocume
nts
General
Journal%edger
Accounts
Financial
Reports
Statement of
Financial Position
Income Statement
Statement of changes
in Equity
Cash Flow
Notes to Financial
Statements
losing
/ntries
Trial
Balance
Adjustments/
Adjusted
Trial Balance
Nominal
Accounts
To Revenue
Summaryrhen Capital
Account
-
7/24/2019 Do's and Don'Ts Review of the Acctg Cycle
12/14
Review of the accounting
cycle1. Analyze2. Journalize#. $ost to
%edgerAccounts
&. 'rial Balance
(. Ad)ustments
*. Ad)usted 'rialBalance
+. ,inancial!tatements
-. losingentries
0. $ost losing'rial Balance
.BusinessDocume
nts
General
Journal%edger
Accounts
Financial
Reports
Statement of
Financial Position
Income Statement
Statement of changes
in Equity
Cash Flow
Notes to Financial
Statements
losing
/ntries
Trial
Balance
Adjustments/
Adjusted
Trial Balance
Post
Closing
Trial
Balance
Nominal
Accounts
To Revenue
SummaryAn Capital
Account
Real
Accounts
For the
Ne!tAccounting
perio
-
7/24/2019 Do's and Don'Ts Review of the Acctg Cycle
13/14
Review of the accounting
cycle1. Analyze2. Journalize#. $ost to
%edgerAccounts
&. 'rial Balance
(. Ad)ustments
*. Ad)usted'rial Balance
+. ,inancial!tatements
-. losingentries
0. $ost losing'rial Balance
1. Reversing
/ntries
.BusinessDocume
nts
General
Journal%edger
Accounts
Financial
Reports
Statement of
Financial Position
Income Statement
Statement of changes
in Equity
Cash Flow
Notes to Financial
Statements
losing
/ntries
Reversing
/ntries
Trial
Balance
Adjustments/
Adjusted
Trial Balance
Post
Closing
Trial
Balance
Nominal
Accounts
To Revenue
SummaryAn Capital
Account
Real
Accounts
For the
Ne!tAccounting
perio
-
7/24/2019 Do's and Don'Ts Review of the Acctg Cycle
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A. nit 3 4 Review of the Accounting ycle for A
!ervice Business5 $age 1
Discussion 6uestions 4 "age #
!u7mission 4 8onday5 !e"tem7er 1+5 212
B. Read9 ha"ter ( 4 Accounting for Retail :"erations5 "" 1-1
. ;orercise #=15 #=2
Assignment9