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1. 01
   Accounting in Business

   What accounting is for, who uses it, and the equation everything rests on.
   What accounting is for, who uses it, and the equation everything rests on.
   Live· 53 cards due
2. 02
   Accounting for Business Transactions

   Source documents, debits and credits, journal to ledger to trial balance.
   Source documents, debits and credits, journal to ledger to trial balance.
   Live· 70 cards due
3. 03
   Adjusting Accounts for Financial Statements

   Why December’s books are wrong until you fix them, and the six entries that fix them.
   Why December’s books are wrong until you fix them, and the six entries that fix them.
   Live· 46 cards due
4. 04
   Accounting for Merchandising Operations

   Inventory in, sales out, gross profit in between.
   Inventory in, sales out, gross profit in between.
   Live· 66 cards due
5. 05
   Inventories and Cost of Sales

   Which cost leaves when a unit sells: FIFO, LIFO, weighted average.
   Which cost leaves when a unit sells: FIFO, LIFO, weighted average.
   Live· 45 cards due
6. 06
   Cash, Fraud, and Internal Control

   Controls over cash and the bank reconciliation.
   Controls over cash and the bank reconciliation.
   Live· 49 cards due
7. 07
   Accounting for Receivables

   Estimating what customers won’t pay before they don’t.
   Estimating what customers won’t pay before they don’t.
   Live· 46 cards due
8. 08
   Accounting for Long-Term Assets

   Spreading an asset's cost across the years it works.
   Spreading an asset's cost across the years it works.
   Live· 64 cards due
9. 09
   Accounting for Current Liabilities

   Payroll, warranties, and what is owed within the year.
   Payroll, warranties, and what is owed within the year.
   Live· 56 cards due
10. 10
    Accounting for Long-Term Liabilities

    Bonds at a discount or premium, and how the difference amortizes.
    Bonds at a discount or premium, and how the difference amortizes.
    Live· 50 cards due
11. 11
    Equity

    Stock, dividends, treasury shares, and what each does to equity.
    Stock, dividends, treasury shares, and what each does to equity.
    Live· 65 cards due
12. 12
    Reporting Cash Flows

    From net income to cash, one adjustment at a time.
    From net income to cash, one adjustment at a time.
    Live· 34 cards due
13. 13
    Analysis of Financial Statements

    Horizontal, vertical, and ratio analysis on one set of statements.
    Horizontal, vertical, and ratio analysis on one set of statements.
    Live· 41 cards due

Chapters 14–24 (managerial) follow after the financial half is complete. Chapter 3 was built first because adjusting entries are the hardest idea in the first half and the best stress test for the template.