Management and Organizational Studies 1023A/B Lecture Notes - Lecture 4: Accounts Payable, Capital Budgeting, Financial Statement

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 1023A/B
• Professor: Maria Ferraro

Document Summary

The flow of accounting information: people make decisions, business transactions occur, businesses report their results. Debits and credits debits (dr), come from the italian debito, which comes from the latin debita and. 19 september 2012: credit of a decrease liabilities equities, debit for a decrease, credit for an increase, debit for a decrease, credit for an increase. Statement of cashflows changes in cash should be categorized as one of the following activites. 19 september 2012: operating, investing, financing reconcile the change in cash to the beginning and ending cash to the beginning and ending cash balances ending cash balance should agree with amount reported on the balance sheet. Annual report publicly traded companies must give their shareholders an annual report each year the annual report contains financial and non-financial information about the company. Information useful for decision making qualitative characteristics: relevance.