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The Accounting Cycle is an introductory textbook designed to teach the fundamental principles of accounting. Authored by Larry M. Walther and Christopher J. Skousen, this book serves as the first in a series that delves into the core concepts of financial accounting.
The book covers essential topics such as:
The fundamental accounting equation: Assets = Liabilities + Owners' Equity
The four core financial statements: Income Statement, Balance Sheet, Statement of Retained Earnings, and Statement of Cash Flows
The accounting cycle process, including journal entries, trial balance, and closing entries
Income measurement, revenue and expense recognition, and the reporting cycle
Through clear explanations and practical examples, the authors aim to provide students with a solid foundation in accounting principles. The book is available for free download on platforms like Bookboon, making it accessible to a wide audience of learners.
Sub Title:
Edition: 1st
Volume:
Publisher: Ventus Publishing Aps
Publishing Year: 2009
ISBN: 978-87-7681-486-1
Pages: 200