CHAPTER 1: INTRODUCTION TO ACCOUNTING AND FINANCIAL REPORTING FOR GOVERNMENTAL AND NOT-FOR-PROFIT ENTITIES OUTLINE |Number |Topic |Type/Task |Status | | | | |(re: 15/e) | |Questions: |
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Chapter 7 and 8 Summaries Chapter 7 goes into accounting for receivables. It starts by explaining that Accounts Receivable are amounts due from customers for credit sales. Accounts Receivable occur from credit sales to customers. For sales on credit, they are recorded by increasing, or debiting, Accounts Receivable. A supplementary record, called the accounts receivable ledger, is created to maintain a separate account for each customer. A supplementary record, called the accounts receivable ledger
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Repercussions The Generally Accepted Accounting Principles (GAAP) created financial reporting that will have some consequences from the client’s impending litigation. The first impact is with the obligation for contingencies in the financial statements to explain the probable account for the conclusion of the lawsuit that will cause a restatement. Pendantto the outcome of the litigation, the company is ordered to reorganize the debts of the organization via chapter 11 bankruptcy. The legitimacy of
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Chapter 11: Cost Behavior and Cost-Volume-Profit Analysis Chapter Contents Book Title: Survey of Accounting Printed By: Jean Mette (jeanlucmette@gmail.com) © 2015, 2013 Cengage Learning, Cengage Learning Chapter 11 Cot ehavior and Cot-Volume-Profit Anali Chapter Introduction 11-1 Cost Behavior 11-1a Variable Costs 11-1b Fixed Costs 11-1c Mixed Costs 11-1d Summary of Cost Behavior Concepts 11-2 Cost-Volume-Profit Relationships 11-2a Contribution Margin 11-2b Contribution Margin
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Seventh Edition Accounting for Decision Making and Control Jerold L. Zimmerman University of Rochester To: Conner, Easton, and Jillian ACCOUNTING FOR DECISION MAKING AND CONTROL, SEVENTH EDITION Published by McGraw-Hill, a business unit of The McGraw-Hill Companies, Inc., 1221 Avenue of the Americas, New York, NY 10020. Copyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved. Previous editions © 2009, 2006, and 2003. No part of this publication may be reproduced or distributed
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State University of New York BINGHAMTON UNIVERSITY School of Management Fall 2011 Class: Mgmt 501 Accounting for Managers Mondays: 4:25 – 5:50 pm LN 2403 Wednesdays: 4:25- 5:50 pm SL206 Instructor: Anna M. Addonisio, CPA, MBA Email: aaddonis@binghamton.edu Phone: 777-4941 Office: Library North Room 2430 Office Hours: by appointment Text: Financial and Managerial Accounting, by Needles, Powers, & Crosson, 9e edition, Houghton Mifflin Co. (required) Cases: Harvard Business
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Question 1. Question : (TCOs A, B, and C) Which of the following statements concerning users of accounting information is incorrect? Student Answer: The marketing vice president is considered an internal user. Present and prospective creditors are considered external users. *Regulatory authorities, such as the SEC, are considered internal users. The IRS is considered an external user. Instructor Explanation: Chapter 1 Points Received: 3 of 3 Comments: Question 2. Question
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Course Outline RSM222H1S Management Accounting (I) ------------------------------------------------- Winter 2015 Class timelocation, and instructor | L0101 | Monday | 10-12am | WO 20 | Gus De Franco | | L0201 | Monday | 12-2pm | WO 20 | Gus De Franco | | L0301 | Tuesday | 10-12pm | WO 25 | Gus De Franco | | L0401 | Tuesday | 12-2pm | WW121 | Gus De Franco | | L0501 | Tuesday | 2- 4pm | WO 25 | Hai Lu | | L0601 | Tuesday | 4- 6pm | WO 25 | Hai Lu | | L5101 | Tuesday
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In manufacturing to produce subjective items cost not exactly creating not subjective items with the less costs. Since if organization delivers top notch item despite the fact that the item's COGS will be more, the organization will pick up trust of client, great notoriety and long haul stable clients who will come back to purchase the item. Then again if organization produces not subjective items the COGS will be less, but rather it will prompt the costlier results, for example, duplicating the
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Page: | 1 2 | Question 1. | Question : | (TCO A) Which of the following statements is not an objective of financial reporting? | | | Student Answer: | | Provide information that is useful in investment and credit decisions. | | | | Provide information about enterprise resources, claims to those resources, and changes to them. | | | | Provide the liquidation value of a company. | | | | Provide information that is useful in assessing cash flow prospects. |
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