Accg100 Accounting 1A Lecture Notes Staff version Semester 1, 2014 Table of Contents Lecture Notes Week 1: Week Week Week Week Week Week Week Week Week Week 2: 3: 4: 5: 6: 8: 9: 10: 11: 12 Introduction to Accounting, Ethics, Business Entities, Financial Statements Accounting for Transactions –Part 1 Accounting for Transactions –Part 2 Accounting for Adjustments- Part 1 Accounting for Adjustments- Part 2 Completion of Accounting Cycle Accounting Systems Revision Chapters 1 - 4 Accounting for
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CHAPTER 11 LIABILITIES 1. INTRODUCTION. a. Applicability. The applicability of this chapter is specified in Chapter 1, “Accounting Overview.” Background/Authorities. This chapter prescribes the policies and general procedures for recording and reporting liabilities consistent with the Statement of Federal Financial Accounting Standards (SFFAS) or Government Accountability Office (GAO) Title 2 standards in the absence of SFFAS. Liabilities include accounts payable; accrued expenses; interest payable;
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below as Student eMail Address. Author Name: Baye Site Name: Managerial Economics & Business Strategy Chapter: Chapter 1 Quiz: Multiple Choice Quiz Student Name: ANIL DURGEN Student eMail Address: anildurgen@gmail.com Section ID: Results Reporter | | Out of 15 questions, you answered 14 correctly with a final grade of 93% | | | | | | 14 correct (93%) | | | | 1 incorrect (7%) | | | | 0 unanswered (0%) | | | Your Results: | The correct answer for each question
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Introduction to the Theory of Accounting and Control ••••••••••••••••••••••••••••••••••••••••••••• Three ideas are central to understanding accounting and control in organizations. First, all organizations are sets of contracts among individuals or groups of indi viduals. Second, provision of shared information among the contracting parties helps design and implement these contracts. Finally, control in organizations is a sustainable balance or equilibrium among the interests of its participants
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Xi’an Jiaotong-Liverpool University International Business School Suzhou Feasibility Report on Employing Strategic Management Accounting in Davis Ltd Instructor: Dr. Brain Wright Student Name : Yunyu Xu : Qinyi Zuo : Mengqi Hang : Shuting Chen : Yang Liu : Shufan Xue : ID Number 1200742 1200745 1200746 1200749 1200752 1200766 Contents Contents 1 1 Introduction 2 2 Current Process 3 3 Analysis & Results 3.1 Performance Prism (PP) . . . . . 3.1.1 Stakeholder satisfaction . 3.1.2 Stakeholder
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Accounting 200 Review - Exam 2 Carryover material • All material from Chapters 1-4 • Accounting Equation (increase/decrease questions) • Debits/Credit Rules and normal balances • Financial statements: Income Statement, Statement of Retained Earnings and Classified Balance Sheet - know how each is composed and how they are affected by journal entries • Application of Revenue Recognition, Matching Principle, Cost Principle Chapter 5 • Perpetual Inventory Systems • Recording all transactions
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Chapter 1: Introduction Managerial accounting: decision making and control The internal accounting system, an important component of a firm’s information system, includes budgets, data on the costs of each product and current inventory and periodic financial reports. Internal accounting systems serve two purposes: v Provide some of the knowledge necessary for planning and decision making; v Help motivate and monitor people in organizations (control). The most basic control use of accounting is to
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and test bank, visit http://downloadslide.blogspot.com CHAPTER 4 DISCUSSION QUESTIONS Q4-1. The five parts are: (a) Direct materials section (b) Direct labor section (c) Factory overhead (d) Work in process inventories (e) Finished goods inventories Q4-2. The balance sheet is a statement of financial position; the income statement is a statement of activity. The income statement is complementary to the balance sheet, accounting in particular for the change in the proprietary equity
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Chapter 1 The Financial Manager and the Firm Learning Objectives 1. Identify the key financial decisions facing the financial manager of any business firm. 2. Identify the basic forms of business organization used in the United States, and review their respective strengths and weaknesses. 3. Describe the typical organization of the financial function in a large corporation. 4. Explain why maximizing the current value of the firm’s stock price is the appropriate goal for management
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basic financial statements and describe the purpose for each. The balance sheet reports assets and claims to assets at a specific point in time is a statement of financial position at a given point in time (Kimmel, Chapter 1, Balance Statement, 2009). The fundamental accounting model is assets equal liabilities plus equity. A company’s assets can be put into two different classes, current assets, and fixed assets. Current assets are assets that quickly and easily can be converted into cash
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