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1、c02TheRecordingProcess.inddPage527/26/1112:26PMuser-F393/Users/user-F393/DesktopChapter2TheRecordingProcessFeatureStoryAccidentsHappenupyourlife,imaginewhatitislikeforamajorcorporationlikeFidelityHoworganizedareyou?nancially?Investments.Fidelityisoneofthe
2、Takeashortquiz.Answeryesornotolargestmutualfundmanagementeachquestion:?rmsintheworld.Ifyouhadyourlife?DoesyourwalletcontainsomanysavingsinvestedatFidelityInvest-debitcardreceiptsthatyou’vebeenments,youmightbejustslightlydeclaredawalking?rehazard?displease
3、dif,whenyoucheckedyour?WasDwightHowardplayinghighbalanceonline,amessageappearedschoolbasketballthelasttimeyouonthescreenindicatingthatyourbalancedyourcheckbook?accountinformationwaslost.?HaveyoueverbeentemptedtoToensuretheaccuracyofyourbalanceburndownyour
4、housesoyoudon’tandthesecurityofyourfunds,Fidelityhavetotryto?ndallofthereceiptsInvestments,likeallothercompaniesandrecordsthatyouneedto?lloutlargeandsmall,reliesonasophisticatedyourtaxreturn?accountinginformationsystem.That’sIfyouthinkitishardtokeeptrackn
5、ottosaythatFidelityoranyotherofthemanytransactionsthatmake?TheNavigatorLearningObjectivesScanLearningObjectivesAfterstudyingthischapter,youshouldbeableto:ReadFeatureStory1Explainwhatanaccountisandhowithelpsintherecordingprocess.ReadPreview2De?nedebitsandc
6、reditsandexplaintheiruseinrecordingReadtextandanswerDOIT!p.59businesstransactions.p.62p.71p.763Identifythebasicstepsintherecordingprocess.WorkComprehensiveDOIT!p.764Explainwhatajournalisandhowithelpsintherecordingprocess.ReviewSummaryofLearningObjectives5
7、Explainwhataledgerisandhowithelpsintherecordingprocess.AnswerSelf-TestQuestions6ExplainwhatpostingisandhowithelpsintherecordingCompleteAssignmentsprocess.7Prepareatrialbalanceandexplainitspurposes.GotoWileyPLUSforpracticeandtutorials?TheNavigatorReadALook
8、atIFRSp.9752c02TheRecordingProcess.inddPage537/26/1112:26PMuser-F393/Users/user-F393/Desktopcompanyiserror-free.Infact,ifyou’veeveroverdrawnyoursophisticatedcomputersystemsandtopinvestmentmanagers.bankaccountbecause