ACC 231 Exam 1 Review Session (11/2)

MAKE ADJUSTING ENTRIES

STATEMENT OF STOCKHOLDERS' EQUITY

BALANCE SHEET

MAKE UNADJUSTED TRIAL BALANCE

FUNCTIONS OF ACCOUNTING

ACCOUNTING STANDARDS

PREPARE JOURNAL ENTRIES

PREPARE FINANCIAL STATEMENTS

INCOME STATEMENT

CLOSE TEMPORARY ACCOUNTS

POST JOURNAL ENTRIES

CONCEPTUAL FRAMEWORK

ANALYZE BUSINESS TRANSACTIONS

UNDERLYING ASSUMPTIONS

MAKE ADJUSTED TRIAL BALANCE

STATEMENT OF CASH FLOWS