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Class Notes (1,030,921)
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Curtin (964)
ACCT (15)
ACCT1000 (12)

Class Notes for ACCT1000 at Curtin University

Introduction to Accounting

Accounting
ACCT1000
Wahseem Soobratty
Accounting
ACCT1000
Wahseem Soobratty
ACCT1000 Lecture Notes - Lecture 1: Contribution Margin

ACCT1000 LECTURE 1 NOTES Financial Decision Making People who make financial decisions: Internal users: are the management of the entity, who use the information to assist with various management functions External users...

Accounting
ACCT1000
Wahseem Soobratty
ACCT1000 Lecture Notes - Lecture 6: Australian Taxation Office, General Ledger, Trial Balance
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ACCT Module6 Accounting cycle 1: Recording business transactions and accounting for service entities Part B Where to record information Ledger accounts All components of an organisations financial activity is recorded with...

Accounting
ACCT1000
Wahseem Soobratty
ACCT1000 Lecture Notes - Lecture 4: Financial Statement, Professional Code Of Quebec, Social Capital
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ACCTModule4 Business sustainability Growing environmental and societal awareness has put pressure on entities to consider nonfinancial impact Entities need to account for all resources used (labour, material, energy, for...

Accounting
ACCT1000
Wahseem Soobratty
ACCT1000 Lecture Notes - Lecture 5: General Ledger, Accounting Equation, Double-Entry Bookkeeping System
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ACCT Module5 Accounting cycle 1: Recording business transactions and accounting for service entities Part A Methods of Accounting Two types of accounting: 1. Cash Accounting A system of accounting concerned only with cash...

Accounting
ACCT1000
Wahseem Soobratty
ACCT1000 Lecture Notes - Lecture 7: Perpetual Inventory, Current Liability, Current Asset
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ACCT Module7 Accounting cycle 2: Accounting for retail entities and GST Goods and Services Tax GST GST Inclusive GST Amount = Price11 GST Exclusive GST Amount = Price * 10 GST Outlay: You are OUTLAYING (paying) GST, and th...

Accounting
ACCT1000
Wahseem Soobratty
ACCT1000 Lecture Notes - Lecture 3: Income Statement, Leaseback, Budget
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ACCTModule3 Budgets A budget is the quantitative expression of an entitys plans. Budgeting can assist in decision making by: Putting into operation longer term plans Setting targets for managers Identifying resource con...

Accounting
ACCT1000
Wahseem Soobratty
ACCT1000 Lecture Notes - Lecture 8: Deferral, Trial Balance, Financial Statement
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ACCT Module8 Accounting cycle 3: End of period adjustments and closing entries The need for adjusting entries During the accounting period We have recorded transactions in the journal, posted to the ledger and extracted a...

Accounting
ACCT1000
Wahseem Soobratty
ACCT1000 Lecture Notes - Lecture 1: Operating Leverage, Weighted Arithmetic Mean, Unit
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ACCTModule1 Accounting Accounting is a process of identifying, measuring, communicating and making decisions. Identifying A business transaction is an event that affects the financial position of an entity AND can be reli...

Accounting
ACCT1000
Wahseem Soobratty
ACCT1000 Lecture Notes - Lecture 2: Payback Period, Net Present Value, Sunk Costs
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ACCTModule2 Make or buy questions Determine both costs individually o Lowest cost = best option Dont consider sunk costs Sunk costs Have already happened Are not relevant to decision making Opportunity cost Potential ...

Accounting
ACCT1000
Wahseem Soobratty
Permachart - Marketing Reference Guide: Statement Of Changes In Equity, Retained Earnings, Cash Cash

permacharts MT FINANCIAL STATEMENTS • Financial statements are documents that are BALANCE SHEET (B/S) STATEMENT OF RETAINED EARNINGS (SRE) ...

Accounting
ACTG 2010
All Professors
Accounting II - Reference Guides

Advance your knowledge with our advanced Accounting II! This companion Guide to Accounting I develops the reader’s understanding of balance sheets before moving into an effective summary of how assets are treated for accou...

Accounting
ACTG 2010
All Professors
Cost Accounting - Reference Guides

Specialized Accounting quick reference information in one handy place! This Guide provides specialized reference material that flows naturally from the contents of its companion Guides Accounting I and Accounting II. The t...

Accounting
ACTG 2010
All Professors

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