Unit 1 An Introduction to Accounting Learning Objectives Lead In 1.1 Accounting Concepts 1.2 Accounting Assumptions 1.3 Accounting Principles Words & Phrases Notes & Grammar Test Yourself Case Study Supplementary Reading Unit 2 Accounting Equation and Double-Entry System Learning Objectives Lead In 2.1 Accounting Equation 2.2 Double-Entry System Words & Phrases Notes & Grammar Test Yourself Case Study Supplementary Reading Unit 3 Accounting Cycle Learning Objectives Lead In 3.1 Accounting Cycle 3.2 Journals 3.3 Ledgers Words & Phrases Notes & Grammar Test Yourself Case Study Supplementary Reading Unit 4 Accounting Statements Learning Objectives Lead In 4.1 Balance Sheet 4.2 Income Statement 4.3 Statement of Cash Flows Words & Phrases Notes & Grammar Test Yourself Case Study Supplementary Reading Unit 5 Assets Learning Objectives Lead In 5.1 Concept of Assets 5.2 Cash 5.3 Inventories 5.4 Accounts Receivable Words & Phrases Notes & Grammar Test Yourself Case Study Supplementary Reading Unit 6 Liabilities Unit 7 Owner's Equity Unit 8 Revenues and Expenses Unit 9 Statement Analysis Unit 10 Accounting Profession and Examinations Appendix Ⅰ Reference Versions for the Text Appendix Ⅱ Vocabulary List