1. What is Accounting? Financial Statements, their Use and Forms of Business Organization.

2. Record Changes in Financial Position, Ledger, Journal Trial Balance, the Accounting Cycle.

3. Measuring Business Income, Closing the Accounts, Adjusting Entries, Worksheet.

4. Temporary and Permanent Accounts, Closing Entries, Reversing Entries, Ends of Accounting Cycle

5. The Control of Cash Transactions, Bank Checking Accounts.

6. Inventories and their Valuation.

7. Plant and Equipment, Depreciation, Intangible Assets, Disposal of Plant and Equipment.

8. Partnerships.

9. Corporations, Organization, Stockholders’ Equity, Operations, Earnings Per Share and Dividends.

10. Bonds Payable, Leases. Measuring Cash Flows, Statements of Cash Flows, Preparing a Statement of Cash Flows.