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Class Notes for ACTG 3120 at York University (YORKU)

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YORKACTG 3120Elizabeth FarrellWinter

ACTG 3120 Lecture Notes - Lecture 8: Accrued Interest, Income Statement, Pension

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Look at lab questions to see if understood. Recod when happen, to avoid cookie jar (both ifrs and aspe) Know how to do tax benefit stuff for pensions.
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YORKACTG 3120Elizabeth FarrellWinter

ACTG 3120 Lecture Notes - Lecture 9: Net Income, Cash Flow, Asset

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O = net income preferred dividends (including cumulative of just that year: weighted average common shares outstanding. Only take p/s dividends for cur
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YORKACTG 3120Elizabeth FarrellWinter

ACTG 3120 Lecture Notes - Lecture 4: Income Tax, Cash Flow, Income Statement

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Deals with allocating tax expense to appropriate year, regardless of when its actually paid. Extent of allocation: taxes payable method, comprehensive
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YORKACTG 3120Elizabeth FarrellWinter

ACTG 3120 Lecture Notes - Lecture 1: Contingent Liability, Executory Contract, Current Liability

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Week #1: chapter 12 financial liabilities and provisions. Liability = a present obligation of the entity arising from past events, settlement is expect
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YORKACTG 3120Elizabeth FarrellWinter

ACTG 3120 Lecture Notes - Lecture 6: Finance Lease, Operating Lease, Leaseback

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*will we have to do when lease year doesn"t equal fiscal year?- no. Lease: contract that gives the right to use an asset in return for the payment of r
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YORKACTG 3120Elizabeth FarrellWinter

ACTG 3120 Lecture Notes - Lecture 1: Financial Instrument, Capital Asset, Equity Method

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Constructive obligation: public statement that public expects will honor certain responsibilities in the future. Different from legal obligation becaus
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YORKACTG 3120Elizabeth FarrellWinter

ACTG 3120 Lecture Notes - Lecture 2: Share Capital, Capital Account, Issued Shares

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No need to do journal entryeis for tresuery shares. Multi-voting shares- common for family owned private companies that went public. Restrictions lifte
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YORKACTG 3120Mike DeinekaFall

ACTG 3120 Lecture Notes - Lecture 3: Toronto Stock Exchange, Financial Statement, Ferrous

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Hard copy only: e. boritz and d. j. cockburn. Philip services corporation (philip) is a canadian company with its head office in hamilton, ontario. Its
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YORKACTG 3120Elizabeth FarrellWinter

ACTG 3120 Lecture Notes - Lecture 3: Cash Flow Hedge, Financial Instrument, Cash Flow

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Cash flow and fv hedging don"t need to know. Hybrid financial instrument: elements of both equity and debt. Methods of recording: liability classificat
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YORKACTG 3120Elizabeth FarrellWinter

ACTG 3120 Lecture Notes - Lecture 5: Deferred Tax, Deferred Income, Income Tax

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When no probable u don"t record an asset, but can still apply in the future-yes. How do u adjust for changes in tax rate u used the expected future rat
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