financial and managerial accounting the recording process

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1、c02TheRecordingProcess.inddPage527/26/1112:26PMuser-F393/Users/user-F393/DesktopChapter2TheRecordingProcessFeatureStoryAccidentsHappenupyourlife,imaginewhatitislikeforamajorcorporationlikeFidelityHoworganizedareyoufinancially?Investments.Fidelityisoneofthe

2、Takeashortquiz.Answeryesornotolargestmutualfundmanagementeachquestion:firmsintheworld.Ifyouhadyourlife•DoesyourwalletcontainsomanysavingsinvestedatFidelityInvest-debitcardreceiptsthatyou’vebeenments,youmightbejustslightlydeclaredawalkingfirehazard?displease

3、dif,whenyoucheckedyour•WasDwightHowardplayinghighbalanceonline,amessageappearedschoolbasketballthelasttimeyouonthescreenindicatingthatyourbalancedyourcheckbook?accountinformationwaslost.•HaveyoueverbeentemptedtoToensuretheaccuracyofyourbalanceburndownyour

4、housesoyoudon’tandthesecurityofyourfunds,FidelityhavetotrytofindallofthereceiptsInvestments,likeallothercompaniesandrecordsthatyouneedtofilloutlargeandsmall,reliesonasophisticatedyourtaxreturn?accountinginformationsystem.That’sIfyouthinkitishardtokeeptrackn

5、ottosaythatFidelityoranyotherofthemanytransactionsthatmake✔TheNavigatorLearningObjectivesScanLearningObjectivesAfterstudyingthischapter,youshouldbeableto:ReadFeatureStory1Explainwhatanaccountisandhowithelpsintherecordingprocess.ReadPreview2Definedebitsandc

6、reditsandexplaintheiruseinrecordingReadtextandanswerDOIT!p.59businesstransactions.p.62p.71p.763Identifythebasicstepsintherecordingprocess.WorkComprehensiveDOIT!p.764Explainwhatajournalisandhowithelpsintherecordingprocess.ReviewSummaryofLearningObjectives5

7、Explainwhataledgerisandhowithelpsintherecordingprocess.AnswerSelf-TestQuestions6ExplainwhatpostingisandhowithelpsintherecordingCompleteAssignmentsprocess.7Prepareatrialbalanceandexplainitspurposes.GotoWileyPLUSforpracticeandtutorials✔TheNavigatorReadALook

8、atIFRSp.9752c02TheRecordingProcess.inddPage537/26/1112:26PMuser-F393/Users/user-F393/Desktopcompanyiserror-free.Infact,ifyou’veeveroverdrawnyoursophisticatedcomputersystemsandtopinvestmentmanagers.bankaccountbecause