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Class Notes for Accounting at Grand Valley State University

Exam Study Guides for Accounting Courses

Covers all exam topics.

ACC 311 Lecture Notes - Lecture 1: Quick Ratio, Deferred Income, Revolving Credit

CHAPTER 13 Current Liabilities and Contingencies Part A: Current Liabilities I. Characteristics of Liabilities A. Most liabilities obligate the debtor to pay cash at specified times and result from legally enforceable agre...

Accounting
ACC 311
Professor De La Rosa
ACC 212 Lecture Notes - Lecture 3: Limited Liability, Stock Split, Employee Benefits

Chapter 11: Stockholder’s Equity Financing can be divided into 2 general categories: 1. Debt (borrowing from banks or other creditors) 2. Equity (issuing stock) The company must consider the advantages of each...

Accounting
ACC 212
Stovall
ACC 212 Lecture Notes - Lecture 5: Accounting Equation, Trial Balance, Deferral

Chapter 4 Recognition: is a principle in which is the process of recording an item in the financial statements as an asset, a liability, revenue, an expense, or the like - Formal recording of an asset and other i...

Accounting
ACC 212
Stovall
ACC 212 Lecture Notes - Lecture 1: Intangible Asset, Subledger, Asset

Accounting Exam 3 Study Guide Chapter 7 Accounts Receivable: a receivable arising from the sale of goods or services with a verbal promise to pay within a specified period of time  Do not bear interest  ...

Accounting
ACC 212
Stovall
ACC 212 Lecture Notes - Lecture 2: Issued Shares, Cash Flow, Financial Statement

Stock  Common Stock - Voting rights - Establish rules (corporation) - Limited numbers of shares 1. Authorized Shares: max number of shares a corp. can issue 2. Issued Shares: numbers of sha...

Accounting
ACC 212
Stovall
ACC 212 Lecture Notes - Lecture 4: Profit Margin, Net Income, Asset

What is business? Business: all of the activities necessary to provide the members of an economic system with goods and services. Business Entities: an organization operated to earn a profit. There are 3 types of busin...

Accounting
ACC 212
Stovall
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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