ACCT 001A Lecture Notes - Lecture 18: Moe Williams, Earnings Management, Management Accounting
7 Jan 2021
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22 mcq (26 minutes: covers journal articles and current business, concentrates on topics not covered in second half exam. Q1: practical + theory financial accounting: financial accounting (recording and analysing accounting information) Q2-4: practical + theory management accounting: abc, cvp, general management accounting, determine optimal decision (quantitatively) Relevant revenue and costing of special orders and capacity utilisation. Qualitative factors like short and long term consideration. Q5: theory earnings management: 1 case and 6 parts to answer. Current business events and be able to evaluate it. Money (attribute of interest) describe, measure success and failure. Transaction (money across boundary) success and failure of business, numerical value on it. A=l+se(shareholders" equity) dual effect (money shareholder invests and money earned for shareholders) Use accrual accounting but cash flows are important. Bring accounts up to date and occurs at the end. Involves revenue and an asset or liability or expense and asset or liability.
