accounting 201 ch 2 outline

Chapter 2 Outline: Create and submit an outline of chapter 2 that shows the major topics in the chapter. 1 page single space. Please see example.

EXAMPLE: The first outline is due at the beginning of the chapter and it is high level. For example, for the first outline it might look something like this (see pages 4-9 of the textbook; notice that I only use the major titles in the textbook):

· Accounting as a Measurement/Communication Process

· Defining Accounting

· Accounting is the language of business

· Measuring Business Activities

· Assets, Liabilities, and Stockholders’ Equity

· Revenues, Expenses and Dividends

· Dividends are not an Expense

· Communicating through Financial Statements

Chapter 2 Outline: Add more detail to your Chapter 2 outline that briefly explains the major topics in the chapter. 1 page and a half. Single space. Please see example.

EXAMPLE: The second outline, due at the end of the chapter, it might look something like this (the words in red are items that I added to the first outline and this should be whatever you think is important for you to remember):

· Accounting as a Measurement/Communication Process

· Defining Accounting

· Accounting is the language of business

· Two functions

· accounting is a system of maintaining records of a company’s operations and

· communicating that information to decision makers.

· YOU MAY ADD WHATEVER INFORMATION THAT HELPS YOU.

·

· Measuring Business Activities

· Assets, Liabilities, and Stockholders’ Equity

· Assets are the resources of a company

· Inventory, supplies, buildings . . . . .

· Revenues, Expenses and Dividends

· Dividends are not an Expense

· Communicating through Financial Statements