Chapter 1: Review of Intro to Financial Accounting
Learning Objectives
After completing this chapter, you should be able to:
- Review transaction analysis.
- Review accounting time periods.
- Review adjusting journal entries
- Review the worksheet.
Introduction
To be successful in Intermediate Financial Accounting, it is imperative for a student to have a strong foundational knowledge of all Introductory Financial Accounting concepts. The purpose of Chapter 1 is to help a student identify any weaknesses in their Intro Accounting knowledge. If a weakness comes to light, the student is encouraged to go back to that concept in Intro Accounting and review in detail. It is the student’s responsibility to ensure they come into Intermediate Financial Accounting with the appropriate pre-requisite knowledge.