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Class Notes for Accounting at Pennsylvania State University

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ACCTG 211 Lecture Notes - Lecture 25: Net Present Value, Cash Flow, Earnings Before Interest And Taxes
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ACCTG 211 Lecture 25 Capital Investment Decisions and the Time Value of Money Review Payback Period: Payback Period = Amount Invested Expected Annual Net Cash Inflow Units: Years Need to compare payback period to desired W...

Accounting
ACCTG 211
Collinsand Sohn
ACCTG 211 Lecture Notes - Lecture 24: Payback Period, Capital Budgeting, Cash Flow
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ACCTG 211 Lecture 24 Capital Investment Decisions and Time Value of Money Payback Period: First, the term Capital Budgeting is typically related to budgeting for purchases of Property, Plant, and Equipment Payback: the amo...

Accounting
ACCTG 211
Collinsand Sohn
ACCTG 211 Lecture Notes - Lecture 23: Sunk Costs, Income Approach, Profit Margin
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ACCTG 211 Lecture 23 Relevant Cost for ShortTerm Decisions Review Important Items: Determine which revenues and costs are relevant or irrelevant Relevant: revenues or costs that differ between alternatives Relevant: opport...

Accounting
ACCTG 211
Collinsand Sohn
ACCTG 211 Lecture Notes - Lecture 22: Market Power, Target Costing, Profit Margin
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ACCTG 211 Lecture 22 Relevant Cost for ShortTerm Decisions Relevant Information for DecisionMaking: Decisionmaking in business involves making a choice between two or more alternative options Information is relevant: for b...

Accounting
ACCTG 211
Collinsand Sohn
ACCTG 211 Lecture Notes - Lecture 21: Income Statement
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ACCTG 211 Lecture 21 Cost Behavior and CostVolumeProfit Analysis Review CostVolumeProfit Formulas: Sales = VC + FC + P CM per unit = Sale price VC NI = CM FC = FC CM ratio CM ratio = CM Sale price BE (units) = (FC + P) CM ...

Accounting
ACCTG 211
Collinsand Sohn
ACCTG 211 Lecture Notes - Lecture 20: Fixed Cost, Variable Cost, Weighted Arithmetic Mean
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ACCTG 211 Lecture 20 Cost Behavior CostPriceVolume Analysis Cost Classifications Terms and Concepts: Basis for classification Variable or fixed Classification is at total costs for the item, not per unit costs Variable Mo...

Accounting
ACCTG 211
Collinsand Sohn
ACCTG 211 Lecture Notes - Lecture 19: Finished Good, Income Statement, Financial Statement
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ACCTG 211 Lecture 19 Managerial Accounting and Budgeting Review Flow of Inventory in Managerial Accounting: Raw Materials (RM) Beg. RM Add.: RM Purchases (DM purchases, including freightin) Sub.: RM Used (DM used, transfer...

Accounting
ACCTG 211
Collinsand Sohn
ACCTG 211 Lecture Notes - Lecture 18: Gondi People, Income Statement, Fixed Cost
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ACCTG 211 Lecture 18 Managerial Accounting and Budgeting The Management Cycle: 1.Planning 2.Executing 3.Reviewing Constantly Reporting after every step Value Chain: Activities that add value to products and services Need t...

Accounting
ACCTG 211
Collinsand Sohn
ACCTG 211 Lecture Notes - Lecture 17: Financial Statement, Management Accounting
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ACCTG 211 Lecture 17 Financial Statement Analysis Review Examples: What happens if Current Ratios is 2 and you sell merchandise on credit? Cost 60, Sold for 80 Current Ratio = Current Assets Current Liabilities Assets Incr...

Accounting
ACCTG 211
Collinsand Sohn
ACCTG 211 Lecture Notes - Lecture 13: Net Income
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ACCTG 211 Lecture 13 Accounting for Shareholders Equity Review Ratio Analysis: Return on Equity (ROE) measures the amount of income earned with each dollar of common shareholders investment in the firm ROE = (Net Income ...

Accounting
ACCTG 211
Collinsand Sohn
ACCTG 211 Lecture Notes - Lecture 16: Shares Outstanding, Balance Sheet, Income Statement
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ACCTG 211 Lecture 16 Ratios Ratio Analysis: Ratios are standard measures that enable analysts to compare companies of different sizes Liquidity: Can a company pay the bills as they come due? Solvency: Cany the company su...

Accounting
ACCTG 211
Collinsand Sohn
ACCTG 211 Lecture Notes - Lecture 15: Cash Flow, Current Liability, Current Asset
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ACCTG 211 Lecture 15 Statement of Cash Flows Review Indirect Method: Start: Net Income Noncash additions to net income: Add: Depreciation, depletion, and amortization Add: All losses Noncash deductions from net income: Sub...

Accounting
ACCTG 211
Collinsand Sohn
ACCTG 211 Lecture Notes - Lecture 14: Cash Flow, Balance Sheet, Income Statement
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ACCTG 211 Lecture 14 Preparing and Analyzing the Statement of Cash Flows Importance: Too many rely solely on the Income Statement and Balance Sheet That is a mistake Comparing all 3 statements gives better information Stat...

Accounting
ACCTG 211
Collinsand Sohn
ACCTG 211 Lecture Notes - Lecture 12: Jato, Income Statement, Initial Public Offering
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ACCTG 211 Lecture 12 Accounting for Shareholders Equity Equity Basics: There are three general forms of business organizations: Sole Proprietorships Partnerships Corporations Every form of business has owners Individual ow...

Accounting
ACCTG 211
Collinsand Sohn
ACCTG 211 Lecture Notes - Lecture 11: Income Statement, Accelerated Depreciation, Matching Principle
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ACCTG 211 Lecture 11 Acquisition and Long Term Assets Review Classification of Operational Assets: Operational assets are used by a business to generate revenue Tangible operational assets have physical substance Land, b...

Accounting
ACCTG 211
Collinsand Sohn
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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