| I | Introduction |
| 1 | What is a firm |
| 2 | History of firms |
| 3 | History of accounting |
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| II | Example of a small firm |
| 4 | A workshop making toys (1) |
| 5 | A workshop making toys (2) |
| 6 | Production of large quantities of information |
| 7 | First principles taught by the example |
| 8 | Most of the main concepts of accounting are in the toy example |
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| III | From single-entry to double-entry accounting |
| 9 | Why single-entry accounting, like in our checkbook, is insufficient |
| 10 | A page to record debtors, a page to record creditors: the emergence of double-entry accounting |
| 11 | The basic concept of transaction: the "atom" of activity of a firm |
| 12 | Posting transactions into accounts (1): general principles, the apparent paradox of "value coming in is a debit" |
| 13 | Posting transactions into accounts (2): posting simple transactions, traditional vs real time inventory control |
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| IV | A complete accounting cycle up to the Trial balance |
| 14 | The yearly accounting cycle: journal → accounts → Trial Balance → adjustments → Income Statement & Balance Sheet |
| 15 | Posting a complete cycle of journal entries (1) |
| 16 | Posting a complete cycle of journal entries (2) |
| 17 | Balance of each account and Trial Balance (TB) |
| 18 | Revenue accounts and Capital accounts in the TB |
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| V | Adjustments to the Trial balance |
| 19 | Why the TB needs to be adjusted to compute the Income Statement (IS) |
| 20 | Adjustment for inventory |
| 21 | Adjustment for amortization |
| 22 | Provisions for bad or doubtful clients |
| 23 | Prepayments and accruals |
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| VI | The Income Statement and the Balance Sheet |
| 24 | From adjusted Trial balance to Income Statement (IS) |
| 25 | From adjusted Trial balance to Balance Sheet (BS) |
| 26 | IS and BS: a higher view |
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| VII | General principles of accounting and miscellaneous topics |
| 27 | General rules and guidelines of double-entry accounting |
| 28 | Stock valuation: FIFO, LIFO and other methods |
| 29 | Impact of a series of transactions on the IS and BS: a complete exercise |
| 30 | Alternate way to compute the COGS |
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| VIII | Money |
| 31 | Money (1): what is money? | |
| 32 | Money (2): how to get rich? |
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| IX | Accounting over several years |
| 33 | Difference between the first accounting year and the following years |
| 34 | From one BS to the next, and the IS in between |
| 35 | Income tax and dividends |
| 36 | Accounting documents over several years |
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| X | A deeper look at the Balance Sheet |
| 37 | Big measures in a balance sheet: equity, debt, capital employed, fixed assets, current assets, working capital |
| 38 | The notion of liquidity |
| 39 | The list of assets is fundamentally heterogeneous |
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| XI | Cash flow statement |
| 40 | Cash flow statement (1): what is cash? |
| 41 | Cash flow statement (2): reconciling cash evolution with the main accounting measures |
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| XII | Ratios |
| 42 | Return on Capital Employed (ROCE) |
| 43 | Other ratios |
| 44 | Stock management |
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