Account reconciliation process and two types of reconciliations; bank reconciliation with step by step instructions.

General ledger to sub-ledger reconciliation type with step by step instructions.

Physical inventory and purposes; three phases: planning and preparation, execution, and analysis of results; methods of conducting physical inventory such as bar-code readers, count cards, and count sheets.

Calculate and record utility expense accrual. Sample journal entries.

Prepare balance sheet from trial balance in five easy steps. Format and elements of classified balance sheet.

Account for land improvements.

Helpful tips on cash management and controls and how to apply these tips in accounting practice.

Learn how to calculate accrued payroll and payroll expense at period end. Examples of accounting for wages and salaries accrual are provided.

Accounting guide about consigned goods; definitions of consignment, consignee, consignor; examples of consignment journal entries; consignment benefits, risks and controls.

Learn about charts of accounts in business accounting and see examples of such charts and account numbering.

Learn about revenue recognition in situations when a right of product return exists.

Learn about percentage-of-sales approach and percentage-of-receivables approach in calculating allowance for doubtful accounts and bad debt expense.

Learn about accounting for repair and maintenance costs for fixed assets.