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

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

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

Accounting is an information system that identifies, records, communicates the economic events of an organization to interested users. Economic events

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

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

Given the net profit margin is 10%, return on assets is 5% and net sales is ,000,000, what was the net income and average total assets: ,000 and ,000,0

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 count them. (cid:153) an excel function list is attached at the end. ______ is the time it takes for the read/write head of the hard-disk drive

Section b: in excel 2010 cell a1 contains the formula =mid(12345678, 4, 2). In these simulations the value of the time dependent variables, like the am

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

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

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

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

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

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

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

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

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

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