Unit1 Accounting：Its Foundation Learning Objectives 1.1 What Is Accounting 1.2 Who Uses Accounting Data 1.3 Accounting Conventions or Assumptions 1.4 Basic Accounting Equation 1.5 Effects of Changes in the Economic Business on the Accounting Equation 1.6 Financial Statement Key Words and Expressions Exercises Extended Reading Unit2 The Recording Process Learning Objectives 2.1 Double Entry 2.2 The Account 2.3 Debits and Credits 2.4 Steps in the Recording Process 2.5 The Journal 2.6 The Ledger 2.7 Posting 2.8 The Trial Balance Key Words and Expressions Exercises Extended Reading Unit3 Adjusting the Accounts Learning Objectives 3.1 Accrual-Basis VS.Cash-Basis Accounting 3.2 The Basics of Adjusting Entries 3.3 Types of Adjusting Entries 3.4 Adjusting Entries for Prepayments 3.5 Adjusting Entries for Accruals 3.6 The Adjusted Trial Balance Key Words and Expressions Exercises Extended Reading Unit4 Completion of the Accounting Cycle Learning Objectives 4.1 Preparing Closing Entries 4.2 Preparing Post-closing Trial Balance 4.3 Correcting Entries—an Avoidable Step 4.4 Classified Balance Sheet Key Words and Expressions Exercises Extended Reading Unit5 Current Assets Learning Objectives 5.1 Cash and Cash Equivalents 5.2 Accounts Receivable 5.3 Inventory Key Words and Expressions
Exercises Extended Reading Unit6 Long-Term Assets Learning Objectives 6.1 Plant and Equipment(Fixed Assets) 6.2 Intangible Assets Key Words and Expressions Exercises Extended Reading Unit7 Liabilities Learning Objectives 7.1 Current Liabilities 7.2 Long-term Liabilities Key Words and Expressions Exercises Extended Reading Unit8 Owner′s Equity Learning Objectives 8.1 Accounting for Single Proprietorship 8.2 Accounting for Corporation Key Words and Expressions Exercises Extended Reading Unit9 Measurement of Bussiness Income Learning Objectives 9.1 Revenue 9.2 Expense 9.3 Business Income Key Words and Expressions Exercises Extended Reading Unit10 Financial Statements Learning Objectives 10.1 Balance Sheet 10.2 Income Statement 10.3 The Statement of Owner′s Equity 10.4 The Statement of Cash Flows Key Words and Expressions Exercises Extended Reading List of Reference Books
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