Chapter 2: *Explain the similarities and differences between accrual accounting and cash based accounting *Understanding the matching concept *Understanding the steps in the accounting cycle *Interpret information shown in the horizontal financial statements model *Record basic accounting transactions in a horizontal financial statements model & understand the impact of those transactions *Make year-end adjustments for accrual accounting in the horizontal financial statements model & interpret impact *Be able to distinguish between temporary vs. permanent accounts *Understand the concept of closing entries and apply to horizontal financial statements model

Please go into details for all of these, I am using this to study for the Final Exam..