Grade 9 Math - Practical Accounting Fundamentals

Grade 9 Math - Practical Accounting Fundamentals

ISBN: 9780972205870

Paper (spiral bound) cover; 171 pages

#24-PAF

$38.00
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(This course is not published by Rod and Staff Publishers.)

What could be more practical than learning the fundamentals of accounting? With Practical Accounting Fundamentals, we offer a useful, relevant book that will aid your student no matter what career path they choose. Understanding accounting and accounting practices will benefit for life.

The purpose of this book is to give the student a foundation in the accounting process and to enable them to be able to account for any business activities they may be involved in. Secondly, it will help them to decide if they wish to pursue bookkeeping or accounting as a career. Practical Accounting Fundamentals challenges the student with twenty-one chapters of step-by-step, self-paced, self-teaching materials. Each chapter starts with an overview of what is to be learned, followed by a clear example. The student learns by doing the work. Each chapter builds on the previous one and has exercises to reinforce the concepts. In addition, there are two mid-term tests and a final exam. All the exercises and tests have the answers in the answer key at the end of the book.

Understanding accounting is important in any business because it is the basis of business communication. It is important because it is the basis of business communication. It is important to know the difference between a balance sheet and an income statement. So, whether the student is interested in starting their own business, being an accountant, working as a bookkeeper, or just adding to the depth of understanding, Practical Accounting Fundamentals can help.

Recommended for Junior High through High School, or for the adult that wishes to gain a better understanding of the subject.

Additional materials needed:

  • 4-column ledger paper (ignore columns when you don't need them; here is a source for printable 4-column ledger paper)
  • 10-key printing calculator (this is a basic piece of office equipment and can be easily learned on your own with some practice; knowing how to run a 10-key by touch is as important as knowing how to type by touch)
  • If you prefer, you may use a computer and a spreadsheet program like Lotus® 1-2-3® or Microsoft® Excel. There are also free/cheap spreadsheet programs available on the Internet, such as OpenOffice Calc or Google Docs and Spreadsheets.

Content

  • Forward
  • Introduction
  • 1. What is Accounting?
    • Accounting vs. bookkeeping
    • GAAP
    • Technology
  • 2. The Balance Sheet
    • Financial statements
    • Assets
    • Equities
  • 3. The Income Statement
    • Net income
    • Revenue
  • 4. Statement of Retained Earnings
    • Retained earnings
    • Dividends
  • 5. Statement of Cash Flow
    • Cash flow
    • Dividends
    • Equity accounts
  • 6. Transactions
    • Information system
    • Transactions
    • Assets
  • 7. Journal Entries and Accounts
    • Accounts
    • Debit / Credit
    • Journal entries
  • Test 1
    • For chapters 1 - 7
  • 8. Chart of Accounts
    • Account categories
    • Typical accounts
  • 9. Posting to the Ledger
    • Transactions
    • Ledger
    • Trial balance
  • 10. Income Determination
    • Periodic Financial Statements
    • Fiscal Period Assumption
    • Revenue Recognition and Matching Assumptions
  • 11. Adjusting Entries
    • Depreciation
    • Nonoperating items
    • Extraordinary items
  • 12. Closing Entries
    • Closing Entries
    • Worksheets
    • Accounting cycle
  • 13. Accrual vs. Cash Accounting
    • Cash basis accounting
    • Net cash flow
  • 14. Cash
    • Cash
    • Petty cash
    • Bank accounts and reconciliations
  • 15. Marketable Securities
    • Marketable securities
    • Dividends and interest
    • Valuations of marketable securities
  • Test 2
    • For chapters 1 - 15 with a focus on chapters 8 - 15
  • 16. Receivables
    • Discounts and returns
    • Credit balance receivables
    • Bad debts
  • 17. Payables
    • Accounts payable
    • Gross method of purchase discounts
    • Net method of purchase discounts
  • 18. Inventory
    • Inventory methods
  • 19. Long-lived Assets
    • Valuation of property, plant, and equipment
  • 20. Other Forms of Business
    • Sole proprietorship
    • Partnership
    • Limited Liability Company (LLC)
  • 21. Payroll
    • Payroll register
    • Employer taxes
    • End of period adjustments
  • Test 3
    • Final test for chapters 1 - 21
  • Answer Key
    • Answer key for exercises and tests
  • Resources
    • Organizations, publications, and where to look for other information
  • Index