Part 1: THE ACCOUNTING FRAMEWORK.. 1. Accounting as the Basis for Management Decisions. 2. Basic Accounting Concepts. 3. Processing Business Transactions. 4. Journalizing, Posting and Taking a Trial Balance. 5. Adjusting the Trial Balance: The Financial Statement Worksheet. 6. Completing the Accounting Cycle. 7. Special-Purpose Journals and Subsidiary Ledgers. 8. Payroll Accounting. Part 2: FINANCIAL STATEMENTS.. 9. The Balance Sheet. 10. The Statement of Income. Part 3: SELECTED TOPICS.. 11. Property and Equipment, and Inventories. 12. Receivables, Payables, and Corporation Accounting. 13. Understanding Financial Statements. Appendix A. Sample Chart of Accounts. Appendix B. Financial Statements.