Please help explain

Comprehensive Items: Chl- Ch2- Ch3 Ch4- Ch5- Ch6- Ch7- Ch8- Ch9- Chlo- Chil- Content and uses Of the 4 main financial statements What types Of events would increase Working Capital (CA CL) Understand effect of transactions on accounts (increases/decrease as well as translating that to debits/credits) Accrued expense adjusting entry Concept/recording of Unearned Revenue Financial Statement impact of NOT recording one of the adjusting entries required Calculation of Net Income/Loss What types of activities would improve Gross Profit Rate Impact of an error in recording inventory on the accounts (both balance sheet and income statement) The effect on the financial statements of selection of inventory costing method (i.e. FIFO, LIFO and Avg Cost) The purpose (and limitations) of internal controls Examples Of effective internal controls Effect Of a write-off Of receivables when using the allowance method Interpretation/analysis of Accounts Receivable Turnover and/or Average Collection Period (including what might impact) What gets capitalized as an asset (provides future benefit) vs expensed immediately [although concept is covered throughout discussion of all assets] Calculation and impact Of recording depreciation expense on a long-lived asset Purpose of liquidity ratios Advantages and disadvantages Of the corporate form Of organization Calculate amount of dividend payment