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accounting (17)

Class Notes for accounting at Fanshawe College

ACC120 Lecture Notes - Lecture 1: Accrual, Accounting Equation, Income Statement

Chapter 1 Financial Statements: Personal Accounting Basic Definitions: Net Worth What you own minus (-) what you owe. Maintaining records that increase or decrease your net worth is very important in order to ...

accounting
ACC120
Abe Kelledjian
ACC120 Lecture Notes - Lecture 9: Cheque, Bank Statement, Overdraft

Chapter 10: Cash Controls Cash Controls: An Introduction Within the Current Assets section of the Balance Sheet starts with Cash because it is the most liquid. A business receives cash for providing ser...

accounting
ACC120
Abe Kelledjian
ACC120 Lecture Notes - Lecture 10: Income Statement, Accounting Equation, Deferral

Accounting: Income Statements & Basics Chapt. 1 The Income Statement: Surplus (A positive remainder), Deficit (A negative remainder), Accounting Period (Changes to net worth tracked for separate periods.) Personal Income...

accounting
ACC120
Abe Kelledjian
ACC120 Lecture Notes - Lecture 3: International Financial Reporting Standards, Limited Partnership, General Partnership

Chapter 3 Accounting Framework Forms of Organization: Proprietorship Business is owned and operated by one individual, take all the risks and rewards. Partnership Owned and, managed by two or more ...

accounting
ACC120
Abe Kelledjian
ACC120 Lecture 12: Accounting Concpets

Accounting: is about Accounting Concepts Chapter 1 tracking how much a ...

accounting
ACC120
Abe Kelledjian
ACC120 Lecture Notes - Lecture 2: Accrual, Income Statement

Chapter 2 Business Accounts Business Accounts The primary difference between personal and business accounting is the terminology used, the accounting concepts remain the same. E.g Unpaid Accounts Accounts Payable. Net W...

accounting
ACC120
Abe Kelledjian
ACC120 Lecture Notes - Lecture 11: Accounting Equation, Accounts Payable

Business Balance Sheet - Chapter 2. - The primary difference between Personal + Business accounting is in the use of the difference names. Accounting equation still applies (different name). Personal Worth = Net Wor...

accounting
ACC120
Abe Kelledjian
ACC120 Lecture Notes - Lecture 7: Stamen, Income Statement, Debits And Credits

Chapter 7: Inventory: Merchandising Transactions Merchandising Businesses Both service and sales businesses incur expenses, both types will buy items classed as PPE, both are likely to incur debt and pay it ...

accounting
ACC120
Abe Kelledjian
ACC120 Lecture Notes - Lecture 6: Trial Balance, Income Statement, Financial Statement

Chapter 6: Statements & Closing Entries Preparing the Financial Statement The 7 step of the accounting cycle is preparing the financial statements. This includes the preparation of the (in order) Income ...

accounting
ACC120
Abe Kelledjian
ACC120 Lecture Notes - Lecture 8: Fifo (Computing And Electronics), Shipping List, Gross Margin

Chapter 8: Inventory Valuation Inventory Valuation There are three evaluation methods that companies use, the nature of the goods determine how the inventory costs are handled. These costs are called In...

accounting
ACC120
Abe Kelledjian
ACC120 Lecture Notes - Lecture 2: Balance Sheet, Income Statement, The Sequence

Chapter 2: Linking Personal Accounting to Business Accounting Business Accounts ( Differences Between Personal + Business) 1. The personal Balance Sheet + Personal Income Statement are ...

accounting
ACC120
Abe Kelledjian
ACC120 Lecture Notes - Lecture 3: Chartered Professional Accountant, Certified General Accountant, Sole Proprietorship

Chapter 3: The Accounting Framework Users of Accounting Information The fundamental objective of accounting is to prepare Financial Statements that users can use to make decisions. Users of accounting i...

accounting
ACC120
Abe Kelledjian
ACC120 Lecture Notes - Lecture 9: General Ledger, Paper Trail, Accounts Payable

Chapter 9: Accounting Information Systems The Accounting Paper Trail Source documents provide evidence that a business transaction has occurred. Most common types of source documents are ...

accounting
ACC120
Abe Kelledjian
ACC120 Lecture Notes - Lecture 5: Accrual, Deferral, Income Statement

Chapter 5: The Accounting Cycle: Adjustments Introduction to Adjustments Accrual-Accounting is designed to record revenues when earned & expenses when incurred. Cash receipts and cash payments do not al...

accounting
ACC120
Abe Kelledjian
ACC120 Lecture Notes - Lecture 4: Trial Balance, Accounting Equation, General Ledger

Chapter 4: The Accounting Cycle: Journal Ledgers Transactions to Debts & Credits The terms Increase + and Decrease have been used in recording transactions in T-Accounts, however formal accounting required ...

accounting
ACC120
Abe Kelledjian
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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