Basic Accounting Review Guide

Over the next few weeks, I will be providing a review of some basic introductory accounting. This should help you in familiarizing yourself with what accounting is, how it is used, and how to do it. This guide will be a useful refresher for those that have not used accounting in a while, but is not intended to be a complete instruction tutorial.

(Note that much of the information I am discussing in this series of posts is borrowed from "Intermediate Accounting" by Kieso, Weygant, and Warfield.)

This is an outline of topics I intend to cover over the next series of blogs. As I finish future entries, I will come back to this entry and drop in links to those posts.

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ACCOUNTING TOPICS

Introduction To Accounting

Useful Terminology

Debits & Credits

Basic Accounting Equation

The Accounting Cycle

1. Journalizing
2. Posting To The Ledger
3. Trial Balance
4. Adjusting Entries
5. Adjusted Trial Balance
6. Closing Process
7. Post Closing Trial Balance & Reversing Entries

Work Sheet

Preparing Financial Statements

1. Review Of The Elements of A Financial Statement
2. Income Statement
3. Statement of Retained Earnings
4. Balance Sheet

Ethics in Accounting

Summary of Topics Covered

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I will likely space out the posts regarding this Accounting Review with other topics in between days. I hope you will stick with me while I attempt to review the topic and teach you a bit about it. Hope to see you back here soon.
---------Sincerely, Trevor Stasik.




Accounting, Terminology, Debits, Credits, Accounting Equation, Accounting Cycle, Accounting Journal, Ledger, Trial Balance, Adjusting Entries, Closing Entries, Financial Statements, Income Statement, Balance Sheet, Retained Earnings, Ethics