PowerPoint Presentation Content Slides Include: • Definition/s of accounting • Learning objectives of basic accounting and financial terminology • Etymology (4 points) • Managerial accounting o Financial accounting • Accounting cycle (3 slides) o What is journal entry o Double-entry accounting (3 points) • Important to keep in mind (3 points) • Account (5 points) • Tips to use chart of accounts (5 points) • Assets (2 points) o Current assets o Fixed assets (5 points) • Owner’s equity (accounting equation) (4 points) • Accounts receivable (6 points) • Uncollectible receivables (3 points) • Watch out (2 points) • Accounts payable (2 points) • Liabilities (3 points) o Current liabilities (3 points) • Accounts payable • Current portion of long-term liability (2 points) • Long-term liabilities (2 points) • What is an accounting system? (4 points) • What system is best for your business? (3 points) • Ledgers (6 points) • Computerized accounting benefits (2 points) o How computerized accounting works (3 points) • Merchandising business cycles (3 points) o Operating cycle of a merchandising business (2 points) • Simple financial analysis of merchandising business (3 slides) • Financial statements (6 points) • Income statement (6 points) • Statement of owner’s equity • Balance sheet (3 slides) • Statement of cash flows (3 points) Actions steps (16 points)