1 An Introduction to Accounting
1.1Accounting is an Information System
1.2Forms of Organization
1.3The Framework for the Preparation and Presentation of Financial Statements
Introducing components of the Framework
1.4 Understanding of Financial Statements
Statement of Financial Position(Balance Sheet)
Statement of Comprehensive Income(Income Statement)
Statement of Changes in Owner's Equity/Statement of Retained Earnings
Statement of Cash Flows
1.5 Accounting and its Profession
1.6 Accounting Elements and Using the Accounting Equation
What is Accounting Equation
Effects of Transactions on the Accounting Equation
1.7 Ethics in Accounting
Some Basic Ethical Standards
Demonstration Problem
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