Chapter 1 An Overview Of Accountin Key Words, Phrases and Special Terms 1-1 What is Accounting 1-2 Generally Accepted Accounting Principle 1-3 Accounting Elements 1-4 Accounting Equation 1-5 Effect of Business Transactions upon the Accounting Equation 1-6 Forms of Business Organhations Assignments Chapter 2 Accounting Cycle and Basic Financial Statements Key Words, Phrases and Special Terms 2-1 The Complete Accounting Cycle 2-2 Debit and Credit Entries 2-3 The Ledger 2-4 Double-entry Accounting 2-5 The journal 2-6 Adjusting Entries 2-7 Closing the Accounts 2-8 The Basic Financial Statements 2-9 The Relationships among the Financial Statements Assignments Chapter 3 Current assets and Current Liabilities Key Words, Phrases and Special Terms 3-1 Cash 3-2 Accounts Receivable 3-3 Inventory 3-4 Current Liabilities Assignments Chapter 4 Long-Iived Assets Key Words, Phrases and Special Terms 4-1 Understanding Plant Assets 4-2 Acquisition of Plant Assets 4-3 Disposal ofPlant and Equipment 4-4 Intangible Assets Assignments Chapter 5 Long-Term Liabilities, Long-Investment and Owner's Equity-orporation Key Words, Phrases and Special Terms 5-1 Long-Term Liabilities 5-2 Long-Term Investments 5-3 Owner's Equity-Corporation Assignments Chapter 6 Financial StatementAnalysis Key Words, Phrases and Special Terms 6-1 Objectives of Financial Statement Analysis 6-2 Source of Financial Statements Analysis 6-3 Horizontal Analysis 6-4 Vertical Analysis 6-5 Ratio Analysis Assignments Chapter7 Accounting practical writings in English 7-1 Letter of Application for a Positio 7-2 Note and Bill 7-3 Announcement References