1. What is accrual accounting?
2. When is revenue recorded as revenue (revenue recognition)?
3. When are costs recorded as expenses (versus assets) (expense recognition)?
4. What is the matching concept?
5. What is Accounts Receivable (A/R)?
6. What is Accounts Payable (A/P)?
7. What is Unearned Revenue?
8. What is Prepaid Expense (e.g. Rent, Insurance)?
9. What is the Adjustment Process?
10. What are deferrals? How do these affect the accounts and the financial statements?
11. What are accruals? How do these affect the accounts and the financial statements?
12. What is a classified balance sheet?
13. What are current assets?
14. What are fixed assets?
15. What are intangible assets?
16. What are current liabilities?
17. What are long-term liabilities?
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