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Class Notes for ACC 220 at McKendree University

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ACC 220Julie GoodinFall

ACC 220 Lecture 25: 25 ACC 220 CH 4 (8)

OC26132032 Page
16 Jan 2019
0
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ACC 220Julie GoodinFall

ACC 220 Lecture Notes - Lecture 11: Public Company Accounting Oversight Board, Securities Fraud, Fiduciary

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7 Dec 2018
0
3 broad categories of fraud schemes: fraudulent statements, corruption, asset misappropriation. Financial statement misrepresentation must itself bring
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ACC 220Julie GoodinFall

ACC 220 Lecture Notes - Lecture 52: Accounts Receivable

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24 Feb 2019
0
The amount needed in a company"s allowance account is calculated using the age of its outstanding accounts receivable and determining the amount of eac
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ACC 220Julie GoodinFall

ACC 220 Lecture Notes - Lecture 50: Accounts Receivable, Current Asset, Operating Expense

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24 Feb 2019
0
Company"s right to receive cash or other assets as some point in the future. Receivables can be classified as either a current asset or noncurrent asse
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ACC 220Julie GoodinFall

ACC 220 Lecture Notes - Lecture 41: Information Technology Controls, Corporate Governance Of Information Technology, Disaster Recovery

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24 Feb 2019
0
Sarbanes-oxley: section 302: requires corporate management (including ceo) to certify financial and other information contained in reports, must also c
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ACC 220Julie GoodinFall

ACC 220 Lecture Notes - Lecture 38: Internet Message Access Protocol, File Transfer Protocol, Post Office Protocol

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24 Feb 2019
0
File transfer protocol (ftp) used to transfer text files, programs, spreadsheets, and databases across the internet. Simple network mail protocol (snmp
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ACC 220Julie GoodinFall

ACC 220 Lecture 29: 29 ACC 220 CH 6 (1)

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22 Feb 2019
0
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ACC 220Julie GoodinFall

ACC 220 Lecture Notes - Lecture 28: Subledger, General Ledger

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20 Feb 2019
0
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ACC 220Julie GoodinFall

ACC 220 Lecture 51: 51 ACC 220 (8)

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24 Feb 2019
0
Companies often base their credit-granting policy on a customer"s credit score. Policy that establishes the amount of time a company"s customers may ta
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ACC 220Julie GoodinFall

ACC 220 Lecture 48: 48 ACC 220 (5)

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24 Feb 2019
0
Example: your company purchases goods from a vendor on january 5 for ,000 with the credit terms 2/10, n/30. On january 13, your company pays the vendor
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ACC 220Julie GoodinFall

ACC 220 Lecture 47: 47 ACC 220 (4)

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24 Feb 2019
0
Credit period: maximum amount of time allowed for a purchaser to pay a seller for purchased items. The credit period is often stated in days. Companies
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ACC 220Julie GoodinFall

ACC 220 Lecture 35: 35 ACC 220 CH 12 (1)

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24 Feb 2019
0
Electronic buying & selling of goods and services. Threats: hardware and software failures, unauthorized access, lost transactions. Intra-organization
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