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Principles of Financial Accounting
Chapters

1Introduction to Financial Accounting

2Understanding Financial Statements

3The Accounting Equation and Double-Entry System

4Accrual Accounting Concepts

5Inventory Accounting

6Internal Controls and Cash Management

7Receivables and Payables

8Fixed Assets and Depreciation

9Liabilities and Equity

10Financial Statement Analysis

11Revenue and Expense Recognition

Revenue Recognition CriteriaPoint of Sale vs. Over Time Revenue RecognitionExpense Recognition CriteriaTiming of Revenue and Expense RecognitionImpact of Revenue Recognition on Financial StatementsDeferred RevenueAccrued ExpensesPrepaid ExpensesImpact of Expense Recognition on Profitability

12Financial Reporting and Disclosure

13Ethics in Financial Accounting

Courses/Principles of Financial Accounting/Revenue and Expense Recognition

Revenue and Expense Recognition

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Understand the principles and methods for recognizing revenue and expenses.

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8 of 9

Prepaid Expenses

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