
Table of Contents
Chapter 1 The Balance Sheet
Unit 1 Financial Position
Unit 1 Check Your Understanding
Unit 1 Apply Your Knowledge
Unit 2 Business Transactions
Unit 2 Check Your Understanding
Unit 2 Apply Your Knowledge
Computer Accounting
Internet Resources
Case Studies
Career Education Activities
Career Profile: Form Your Own Company—Why Not?
Chapter 2 Balance Sheet Accounts
Unit 3 Recording Transactions in T-Accounts
Unit 3 Check Your Understanding
Unit 3 Apply Your Knowledge
Computer Accounting
Internet Resources
Case Studies
Career Education Activities
Career Profile: Forensic Accountant
Chapter 3 The Income Statement
Unit 4 Preparing the Income Statement
Unit 4 Check Your Understanding
Unit 4 Apply Your Knowledge
Unit 5 Revenue and Expense Accounts
Unit 5 Check Your Understanding
Unit 5 Apply Your Knowledge
Computer Accounting
Internet Resources
Case Studies
Career Education Activities
Career Profile: Preparing for a Career in Business
Chapter 4 The Journal and the Ledger
Unit 6 The Journal
Unit 6 Check Your Understanding
Unit 6 Apply Your Knowledge
Unit 7 Posting to the Ledger
Unit 7 Check Your Understanding
Unit 7 Apply Your Knowledge
Unit 8 Source Documents
Unit 8 Check Your Understanding
Unit 8 Apply Your Knowledge
Computer Accounting
Internet Resources
Case Studies
Career Education Activities
Career Profile: Bookkeeper
Chapter 5 The Work Sheet and Classified Financial Statements
Unit 9 The Work Sheet
Unit 9 Check Your Understanding
Unit 9 Apply Your Knowledge
Unit 10 Classified Financial Statements
Unit 10 Check Your Understanding
Unit 10 Apply Your Knowledge
Computer Accounting
Internet Resources
Case Studies
Career Education Activities
Career Profile: Patrick Holmes—International Finance
Performance Task 1 Berrigan Enterprises
Chapter 6 Completing the Accounting Cycle for a Small Business
Unit 11 Adjusting the Books
Unit 11 Check Your Understanding
Unit 11 Apply Your Knowledge
Unit 12 Work Sheet, Adjustments, and Financial Statements
Unit 12 Check Your Understanding
Unit 12 Apply Your Knowledge
Unit 13 Adjusting and Closing Entries
Unit 13 Check Your Understanding
Unit 13 Apply Your Knowledge
Computer Accounting
Internet Resources
Case Studies
Career Education Activities
Career Profile: Tax Consultant
Performance Task 2 Community Theatre
Chapter 7 The Merchandising Company
Unit 14 Merchandising Accounts
Unit 14 Check Your Understanding
Unit 14 Apply Your Knowledge
Unit 15 Goods and Services Tax, Harmonized Sales Tax, and Provincial
Retail Sales Tax
Unit 15 Check Your Understanding
Unit 15 Apply Your Knowledge
Unit 16 Bank Cards
Unit 16 Check Your Understanding
Unit 16 Apply Your Knowledge
Computer Accounting
Internet Resources
Case Studies
Career Education Activities
Career Profile: Executive Director Métis Capital Housing Corporation
Chapter 8 The Subsidiary Ledger System
Unit 17 The Three-Ledger System
Unit 17 Check Your Understanding
Unit 17 Apply Your Knowledge
Unit 18 Accounting Systems
Unit 18 Check Your Understanding
Unit 18 Apply Your Knowledge
Computer Accounting
Internet Resources
Case Studies
Career Education Activities
Career Profile: Store Owner
Chapter 9 The Special Journal System
Unit 19 Purchases Journal
Unit 19 Check Your Understanding
Unit 19 Apply Your Knowledge
Unit 20 Sales Journal
Unit 20 Check Your Understanding
Unit 20 Apply Your Knowledge
Unit 21 Cash Receipts Journal
Unit 21 Check Your Understanding
Unit 21 Apply Your Knowledge
Unit 22 Cash Payments Journal
Unit 22 Check Your Understanding
Unit 22 Apply Your Knowledge
Computer Accounting
Internet Resources
Case Studies
Career Education Activities
Career Profile: Superintendent of Finance
Performance Task 3 Stockholm Furnishings
Chapter 10 Cash Control and Banking
Unit 23 Cash Control
Unit 23 Check Your Understanding
Unit 23 Apply Your Knowledge
Unit 24 Checking Cash Records
Unit 24 Check Your Understanding
Unit 24 Apply Your Knowledge
Computer Accounting
Internet Resources
Case Studies
Career Education Activities
Career Profile: A Career in E-business
Performance Task 4 Bank Reconciliation
Chapter 11 Completing the Accounting Cycle for a Merchandising Company
Unit 25 Adjusting the Books
Unit 25 Check Your Understanding
Unit 25 Apply Your Knowledge
Unit 26 Adjustments and the Work Sheet
Unit 26 Check Your Understanding
Unit 26 Apply Your Knowledge
Unit 27 Financial Statements
Unit 27 Check Your Understanding
Unit 27 Apply Your Knowledge
Computer Accounting
Internet Resources
Case Studies
Career Education Activities
Career Profile: Laurie Newport: Financial Planner
Performance Task 5 Sonic Electronix
Chapter 12 Cash Flow Statements and Budgets
Unit 28 Cash Flow Statement
Unit 28 Check Your Understanding
Unit 28 Apply Your Knowledge
Unit 29 Budgets
Unit 29 Check Your Understanding
Unit 29 Apply Your Knowledge
Computer Accounting
Internet Resources
Case Studies
Career Education Activities
Career Profile: Independent Consultant
Chapter 13 Introduction to Financial Analysis
Unit 30 Interpreting Financial Data
Unit 30 Check Your Understanding
Unit 30 Apply Your Knowledge
Unit 31 Additional Methods of Analyzing Data
Unit 31 Check Your Understanding
Unit 31 Apply Your Knowledge
Computer Accounting
Internet Resources
Case Studies
Career Education Activities
Career Profile: Partner—Accounting Firm
Performance Task 6 Financial Statement Analysis
Chapter 14 Payroll Accounting
Unit 32 Paying Employees
Unit 32 Check Your Understanding
Unit 32 Apply Your Knowledge
Unit 33 Payroll Records and Journal Entries
Unit 33 Check Your Understanding
Unit 33 Apply Your Knowledge
Computer Accounting
Internet Resources
Case Studies
Career Education Activities
Career Profile: Stacie Shea, Payroll Supervisor
Performance Task 7 PrimaVOX Call Centre
Chapter 15 Sole Proprietorships, Partnerships, Corporations, and
Manufacturing Companies
Unit 34 Sole Proprietorships and Partnerships
Unit 34 Check Your Understanding
Unit 34 Apply Your Knowledge
Unit 35 The Corporation
Unit 35 Check Your Understanding
Unit 35 Apply Your Knowledge
Unit 36 The Manufacturing Company
Unit 36 Check Your Understanding
Unit 36 Apply Your Knowledge
Computer Accounting
Internet Resources
Case Studies
Career Education Activities
Career Profile: Patrick Walsh, Chief Financial Officer
Glossary
Index
Credits