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22107 (29)

Class Notes for 22107 at University of Technology Sydney

Accounting for Business Combinations

22107 Lecture Notes - Lecture 1: Retained Earnings, Matching Principle, Income Statement
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Conceptual Framework of Accounting Identifying Measuring Communicating 4 assumptions Economic Entity (keep records for bs, not personal use) Time Period (quarterly and annual financial statements) Mone...

Business
22107
All Professors
22107 Lecture Notes - Lecture 4: Deferral, Trial Balance, Accounting Information System
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Accrual Accounting Adjusting Entries How profit is measuredreported under accrual cash basis GAAP requires accrual basis. Profitloss must be accrualbased Cash basis: records revenues when cash is receivedexpenses paid Ac...

Business
22107
All Professors
22107 Lecture Notes - Lecture 9: Income Statement, Finished Good, Customer Satisfaction
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Elements of a typical business model Management accountant assists implementation (SWOTPESTL) Bs Model: Defines approach it intends to adopt in its bs activities Mission: fundamental reason for existence Vision: Core value...

Business
22107
All Professors
22107 Lecture Notes - Lecture 10: Cash Flow, Budget, Contribution Margin
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CostVolumeProfit Analysis Importance of CVP analysis Evaluating business information is important when making assumptions for CVP analysis (e.g. interest ratesfuture prediction) Nature behaviour of fixed and variable cost...

Business
22107
All Professors
22107 Lecture Notes - Lecture 5: Bank Reconciliation, Bank Statement, Petty Cash
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Internal Control Cash Role of internal control in a business Internal control System of policiesprocedures put in place to provide Reasonable assurance that the companys: Operations are effectiveefficient Financial repo...

Business
22107
All Professors
22107 Lecture Notes - Lecture 2: Financial Statement, Gross Profit, Public Company
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Financial statements Major forms of business (major difference is in equity section) Sole ProprietorshipPartnership Public company (shareholders e.g. BHP) Generally Accepted Accounting Principles Accountants are regulated ...

Business
22107
All Professors
22107 Lecture Notes - Lecture 7: Barcode, Gross Profit
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Inventory How inventory is recorded, expensed and reported Intended for resale differentiates inventory from other assets Follows the cost principle (recorded at acquisition cost) Includes all costs incurred (tax, labour t...

Business
22107
All Professors
22107 Lecture Notes - Lecture 3: Accounting Equation, Trial Balance, Financial Statement
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Recording Transactions Purpose of an accounting information system Recording info to produce financial statements (decision making) Identifies Record Summarises Communicates transactions Key components to capture accountin...

Business
22107
All Professors
22107 Lecture Notes - Lecture 8: Sunk Costs, Cash Flow, Management Accounting
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Management Accounting Costing Contemporary view of accounting information systems Nonfinancial info is important from a management perspective Quantitative: customer complaint, budgeted hours, inventory units Qualitative:...

Business
22107
All Professors
22107 Lecture Notes - Lecture 11: Payback Period, Net Present Value
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Relevant Costing Long term decisionmaking Relevant costs costs that differ among alternatives Pricing of a special order Shortterm decision (Price, Excess Capacity, Existing resources) Excess Capacity must balance LT and ...

Business
22107
All Professors
22107 Lecture Notes - Lecture 6: Operating Expense, Accounts Receivable, Debits And Credits
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Receivables Recordingreporting of receivables Receivable: Represents a bs claim on the assets of another entity Sometimes known as trade receivables Sales Returns Allowances = Contrarevenue account Its balance is subtract...

Business
22107
All Professors
22107 Lecture Notes - Lecture 12: Net Present Value, Cash Flow, Discounted Cash Flow

Used to project the amount of cash expected to be received from sales and cash collections from customers. The cash receipts budget shows cash receipts that are generated from operating activities e.g. cash sales...

Business
22107
Jonathan Tyler
22107 Lecture Notes - Lecture 11: Activity-Based Costing, Operating Leverage, Cost Driver

Operating leverage = CM / Net profit. (When sales increase, the profits will increase by OL times). Used as an indicator of how sensitive NP is to a change in sales. - The measure of the proportion of fixed cost...

Business
22107
Jonathan Tyler
22107 Lecture Notes - Lecture 3: Accounting Equation, The Ledger, General Ledger

Accounting transactions are any economic event that affects a companys assets, liabilities, or equity at the time of the event. Accounting transactions between a company and an external party (for example...

Business
22107
Jonathan Tyler
22107 Lecture Notes - Lecture 5: Password, Physical Security, Internal Control

Control activities (elaborated) - establishing responsibility, maintaining adequate documentation, segregation of duties, physical security, independent verification. Components of internal control Consists of the ...

Business
22107
Jonathan Tyler
Permachart - Marketing Reference Guide: Security Interest, Consequential Damages, Parol Evidence Rule

TM permacharts S a le s&L e a s e so fG o o d s General Considerations Un...

Accounting
ACTG 2010
All Professors
Permachart - Marketing Reference Guide: Secured Transaction, Chattel Mortgage, Security Interest

permacharts TM S e c u r e dT r a n s a c t io n s Scope ...

Accounting
ACTG 2010
All Professors
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
Permachart - Marketing Reference Guide: New York Stock Exchange, Nyse American, Market Trend

l e a r n • r e f e r e n c e • r e v i e w permacharts TM Stocks & Bonds WHAT IS A STOCK? WHAT IS A BOND? ...

Biology
BIOL2761
All Professors
Permachart - Marketing Reference Guide: Net Asset Value, Mutual Fund, U.S. Securities And Exchange Commission

l e a r n • r e f e r e n c e • r e v i e w permacharts TM Mutual Funds WHAT IS A MUTUAL FUND? PURCHASING & REDEE...

Biology
BIOL2721
All Professors
Business Administration
BUS 343
All Professors
Permachart - Marketing Reference Guide: Business Communication, Human Communication, Jargon

Communication Success 2 Communication Success 3 permacharts TM ...

Business Administration
BUS 343
All Professors
Permachart - Marketing Reference Guide: Predatory Pricing, Sales Promotion, Marketing Mix

Introductory Marketing 2 Introductory Marketing 3 permacharts TM ...

Business Administration
BUS 343
All Professors
Administrative Law - Reference Guides

Administrative law directly influences the life of every American citizen. All local, state and federal agencies operate pursuant to general Administrative law principles. An understanding of all administrative law functio...

Business Admin - Mgt
MGMT 10
All Professors
Organizational Behavior - Reference Guides

The systematic study of individual and group behavior within organizational structures is outlined in this coordinated Guide. Theories of leadership and individual behavior are related to the foundations of group behavior ...

Psychology
PSYC 302
All Professors
Introduction to Business Law - Reference Guides

Business law, sometimes referred to as corporate-commercial law, is a system of governance and regulations in connection with the creation, existence and dissolution of businesses. Today, Canadian businesses are governed b...

BLAW - Business Law
BLAW 464
All Professors
Management - Reference Guides

The complex aspects of Management are made clearer in this Guide. This powerful Guide provides comprehensive assistance to anyone who desires a deeper appreciation of basic Management principles. The fundamentals of organi...

BA - Business Administration
BA 2283
All Professors
Corporations - Reference Guides

Corporations are explained with clarity and precision in this informative Guide! This guide helps to remove some of the confusion that popularly exists concerning the purpose, the extent, and the legal effect of different ...

BA - Business Administration
BA 2283
All Professors
Marketing - Reference Guides

An easy to follow summary of every key marketing principle. The ability to effectively match a product or service to a need requires a well rounded understanding of the selling, public relations, and advertising that makes...

MBA - Master's in Business Admin
MBA 643
All Professors
Permachart - Marketing Reference Guide: Meeting Of The Minds, Executory Contract, Uniform Commercial Code

l e a r n • r e f e r e n c e • r e v i e w permacharts TM CContracts WHAT IS A CONTRACT? STATUTE OF FRAUDS ...

Law and Business
LAW 603
All Professors

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