What is a chart of accounts?

What is a T account? What are the normal balances for the accounts?

What is the time period assumption, Revenue recognition principle, matching principle?(pg 151)

What is the difference between Accrual and Cash basis accounting? (pg 153).

What are the types of adjusting entries? Know how to do adjusting entries.

How do you calculate cost of goods sold?

How do you calculate cost of goods available for sale?

What are the inventory methods and the tax effects of each one of them? (pg 255 261)

What are the four basic financial statements and how they are related to each other?

What are the characteristics of useful information (pg 49) and the constraints in accounting (pg 51)?