Section outline



    • Work sheet

      Chapter Objectives:

      (a) To understand the need and application of the accounting cycle

      (b) To understand the cost effectiveness of maintaining a worksheet

      (c) To know the process of preparing a work sheet

      (d) To gain learn the process of preparing a post- closing trial balance



      Chapter Outcome:

      At the end of this chapter we are expected to:

      (i) Be able to explain what type of companies need to maintain a worksheet and how it brings benefits to the company

      (ii) Be able to decide whether a company should maintain work sheet

      (iii) Be able to complete a work sheet

      (iv) Be able to prepare a post closing trial balance after preparing the closing entries



      Teaching resources:

      (1) Text Book and PowerPoint

      (2) Video recording

      (3) Live class and discussion

       


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