Reporting

-

reporting

Relations: capital, assets, liabilities
-

Impact of debits on Asset Account

Principles of Debit and Credit (http://www.futureaccountant.com/accounting-process/studynotes/accounting-principles-rules-of-debit-credit.php )
-

Fixes Assets depreciation

-

Working Capital

-

Items with monetary value – definition

-

Investment - impact on the balance sheet

-

Revenues and expenses recognition

-

Cash borrowing effects

-

Cheque payment - Effect on assets / liabilities

-

Unearned revenue / expense; accrual / deferral

-

Double entry system – definition and rules

-

Change in Assets – impact on the balance sheet

-

Explanation - effect of chosen transactions on the income statement.