All Educational Materials for MGAB01H3 at University of Toronto Scarborough (UTSC)

Ifrs international financial reporting standards (only for public entities) Aspe accounting standard for private enterprise (only for private companies

The results of my big five personality test score me high on open-mindedness, high on conscientiousness, high on extraversion, low on agreeableness, an

External decision makers- parties outside the firm such as investors, bank loan officer. Statements can be prepared any time but are mostly done in a s

Topic include: financial statements and business decision. Investing and financing decisions and the statement of financial. Position: operating decisi

1 a business paid the ,600 premium on a 3 year insurance policy on january 1, 200a. The entry to record the premium was debit insurance expense ,800; d

Reporting and interpreting sales, revenue, receivables, and cash (parts i - iv) Reporting and interpreting cost of sales and inventory. Reporting and i

Statement of financial position/balance sheet (as at _______) *fo(cid:396) lo(cid:374)g te(cid:396)(cid:373) assets use (cid:862)(cid:374)o(cid:374)-(c

Chapter 8 - reporting and interpreting cost of sales and inventory. Cost principle inventory recorded at price paid or consideration given up: invoice

P4 2 recording adjusting entries and determining their financial statement effects (ap4 2) lo4-1, 4-2. Chandra company"s fiscal year ends on june 30. I

Topic include: financial statements and business decision. Investing and financing decisions and the statement of financial. Position: operating decisi

Exam 1 solutions: the correct answer is b) involve the buying or selling of land, buildings, equipment, and other longer-term investments. As part of t

Please answer all of the questions on the exam booklet. You have 48 minutes to complete the exam. You must fill-out your answers on the scanner form us

True or false questions: debits are used to record increases in assets, dividends and expenses, the process of recording transactions in a journal is c

Topic include: financial statements and business decision. Investing and financing decisions and the statement of financial. Position: operating decisi

Chapter7 reporting and interpreting cost of sales and inventory: hw5 and quiz need to submit before sunday night, final: friday,21th dec, 9-11, differe

Inventory: the goals for company to sale to make cash. Too much inventory: limit cash, inventory is less flexible than cash. Too little inventory: no s

The time we should record debt expense: the same period of revenue. Two methods: indirect: aging of account receivable ( the number we figure out via t

The midterm distribution: top 25% - 79 above. Cash/sales discount: discount give to pay whole cash. Reason: make people actually pay money on time, the

Any question about midterm pls emailing professor before next saturday. In midterm review, we don"t need to know multiple choice 14 and 15. Question is

Accrual: not pay/receive money yet, already received or provide goods or service. record at this period at next period. The order of closing entry: sta

Mgab01 class4: the accounting cycle, phase1: during the accounting period(external) which we have learnt before, phase2: end of the accounting period(i

Class outline: operating cycle, classified statement of earnings elements, accrual versus cash basis accounting, debit/credit framework, operating cycl

External user and decision maker needs the external financial reporting. Primary qualities: timely, predictive and has feedback values. Secondary quali

Reporting and interpreting sales, revenue, receivables, and cash (parts i - iv) Reporting and interpreting cost of sales and inventory. Reporting and i

The accounting system: accounting system, financial accounting reports periodic financial statements and related disclosures. Has all to do with report

Group members (first and last names, student number as they appear on rosi) Maximum 5 students per group in the same lecture section: nguyen, kathleen

Chapter7 reporting and interpreting cost of sales and inventory: hw5 and quiz need to submit before sunday night, final: friday,21th dec, 9-11, differe

Accrual: not pay/receive money yet, already received or provide goods or service. record at this period at next period. The order of closing entry: sta

Class outline: operating cycle, classified statement of earnings elements, accrual versus cash basis accounting, debit/credit framework, operating cycl

Inventory: the goals for company to sale to make cash. Too much inventory: limit cash, inventory is less flexible than cash. Too little inventory: no s

External decision makers- parties outside the firm such as investors, bank loan officer. Statements can be prepared any time but are mostly done in a s

The adjusting entry for accruals will increase both a balance sheet and an income statement account. Revenues earned, but not yet received in cash or r

Chapter 2: investing and financial decisions and the statement of financial positions. Primary objective of external financial reporting: provide finan

Four basic financial statements: statement of financial position, statement of earnings, statement of changes in equity, statement of cash flows. State

External decision makers- parties outside the firm such as investors, bank loan officer. Statements can be prepared any time but are mostly done in a s

Chapter 3: operating decisions and the income statement: explain the differences between, revenues and gains, expenses and losses. Accrual accounting:

To close temporary accounts (revenues, expenses, dividends) First: determine if there is a change in cash due to a transaction. Operating (look for ite

Current ratio: current assets current liabilities indicator of ability to pay off current. Higher the ratio, more cushion for company to pay off curren

The accounting system: accounting system, financial accounting reports periodic financial statements and related disclosures. Has all to do with report

Topic include: financial statements and business decision. Investing and financing decisions and the statement of financial. Position: operating decisi

Ifrs international financial reporting standards (only for public entities) Aspe accounting standard for private enterprise (only for private companies

P4 2 recording adjusting entries and determining their financial statement effects (ap4 2) lo4-1, 4-2. Chandra company"s fiscal year ends on june 30. I