ADMN 1021H Lecture 2: ADMN-1021 Lecture 2 Notes
20 Oct 2016
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Assets must be listed by liquility. (the faster it can become cash the higher on the. Liabilities must be listed by maturity. (the faster it needs to get paid, the higher on. Glossary at end of each chapter defines new accounts that were introduced in that chapter. How each category must be listed from top to bottom: list is gets. ) the list it gets. Revenue and expenses must be listed from highest to lowest. [view lecture 2/week 2 lecture slides for more specifics. ] i. e. -if a vehicle is (cid:858)good(cid:859) for 5 years, overuse after 5 years means there will be expense put into it to adjust the co(cid:373)po(cid:374)e(cid:374)ts that a(cid:396)e (cid:374)o lo(cid:374)ge(cid:396) (cid:858)good(cid:859). If the vehicle is , can be paid every year for 5 years. (under depreciation. Accumulated depreciation will be covered in detail in chapter 4. With every property, plant & equipment, you must report the accumulated depreciation of that capitol!
