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Class Notes for COMMERCE 1AA3 at McMaster University

MCMASTERCOMMERCE 1AA3Firat SayinSpring

COMMERCE 1AA3 Lecture Notes - Lecture 2: Net Income, Income Statement, Railways Act 1921

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18 May 2016
13
A (cid:396)e(cid:272)o(cid:396)d of ea(cid:272)h assets, lia(cid:271)ilities of o(cid:449)(cid:374)e(cid:396)s" e(cid:395)uit(cid:455: basic summary de
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MCMASTERCOMMERCE 1AA3Firat SayinSpring

COMMERCE 1AA3 Lecture Notes - Lecture 1: Accounts Payable, Net Income, Income Statement

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18 May 2016
17
Reporting results of activities to user groups: business documents used by companies. Provides info for external users: e. g. Provides info for interna
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MCMASTERCOMMERCE 1AA3Firat SayinSpring

COMMERCE 1AA3 Lecture Notes - Lecture 3: Fiscal Year, Gross Profit, Retained Earnings

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18 May 2016
14
Records the impact of transactions when they occur: revenues when earned/ acquiring an asset, expenses when incurred/ taken a liability. Both cash and
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MCMASTERCOMMERCE 1AA3Emad MohammadFall

COMMERCE 1AA3 Lecture Notes - Lecture 4: Information System, Sarbanes–Oxley Act, Financial Statement

OC5170822 Page
9 Jan 2016
28
Internal misinterpretation of facts, made to persuade another party to act in a way that causes injury or damage to them. Misappropriation of assets -
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MCMASTERCOMMERCE 1AA3Emad MohammadFall

COMMERCE 1AA3 Lecture Notes - Lecture 1: Accounting Equation, Overdraft, Asset

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17 Jun 2015
27
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MCMASTERCOMMERCE 1AA3Emad MohammadFall

COMMERCE 1AA3 Lecture 7: Chapter 7 Property, Plant and Equipment, and Intangible Assets

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21 Jun 2015
32
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MCMASTERCOMMERCE 1AA3Emad MohammadFall

COMMERCE 1AA3 Lecture 9: Chapter 9 Liabilities

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21 Jun 2015
36
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MCMASTERCOMMERCE 1AA3Firat SayinSpring

COMMERCE 1AA3 Lecture Notes - Lecture 9: Market Price, Net Income, Book Value

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9 Jun 2016
48
Obligations due within a year: or (cid:449)ithi(cid:374) the (cid:272)o(cid:373)pa(cid:374)y"s (cid:374)or(cid:373)al operati(cid:374)g (cid:272)y(cid:
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MCMASTERCOMMERCE 1AA3Firat SayinSpring

COMMERCE 1AA3 Lecture 6: Chapter 6

OC8110008 Page
9 Jun 2016
28
Chapter 6: inventory & cost of goods sold. Merchandising company: sells inventory, has cogs and gross profit. Service company: does(cid:374)"t sell i(c
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MCMASTERCOMMERCE 1AA3Firat SayinSpring

COMMERCE 1AA3 Lecture Notes - Lecture 7: Bavent, Book Value, International Tropical Timber Organization

OC81100014 Page
9 Jun 2016
29
Chapte(cid:396) 7: p(cid:396)ope(cid:396)ty, pla(cid:374)t a(cid:374)d e(cid:395)uip(cid:373)e(cid:374)t, a(cid:374)d i(cid:374)ta(cid:374)gible assets
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MCMASTERCOMMERCE 1AA3Emad MohammadFall

COMMERCE 1AA3 Lecture 10: Chapter 10 Shareholder's equity.pdf

OC2070782 Page
21 Jun 2015
27
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MCMASTERCOMMERCE 1AA3Firat SayinSpring

COMMERCE 1AA3 Lecture 10: Chapter 10

OC81100010 Page
9 Jun 2016
19
Separate legal entity: a distinct entity from its owners. Continuous life and transferability of ownership: has a continuous life regardless of share t
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