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Class Notes for ACCOUNTG 321 at University of Massachusetts Amherst (UMASSA)

UMASS-AMHERSTACCOUNTG 321J.Mc CallenSpring

ACCOUNTG 321 Lecture Notes - Lecture 3: General Ledger, Deferral, Deferred Income

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21 Feb 2017
0
Accounting equation: assets = lia(cid:271)ilities + o(cid:449)(cid:374)e(cid:396)s" e(cid:395)uity, assets = total economic resources, lia(cid:271)ilit
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UMASS-AMHERSTACCOUNTG 321J.Mc CallenSpring

ACCOUNTG 321 Lecture Notes - Lecture 6: Financial Statement Analysis, Operational Risk, Credit Risk

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2 Mar 2017
0
Risk analysis: goal is to gain a glimpse of the future from past and present data using various tools and techniques, comparative financial statements.
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UMASS-AMHERSTACCOUNTG 321J.Mc CallenSpring

ACCOUNTG 321 Lecture Notes - Lecture 5: Current Asset, Current Liability, Balance Sheet

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2 Mar 2017
0
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UMASS-AMHERSTACCOUNTG 321J.Mc CallenSpring

ACCOUNTG 321 Lecture 9: Chapter 5 pt.1

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2 Mar 2017
0
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UMASS-AMHERSTACCOUNTG 321J.Mc CallenSpring

ACCOUNTG 321 Lecture 7: Chapter 4 pt.1

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2 Mar 2017
1
Income statement overview: reports changes over the period. A year for annual financial statement (10-k) or a quarter for quarterly financial statement
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UMASS-AMHERSTACCOUNTG 321J.Mc CallenSpring

ACCOUNTG 321 Lecture 10: Chapter 5 pt.2

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2 Mar 2017
0
Special issues with the revenue recognition process: identifying the contract. Contracts can be explicit or implicit, oral or written. Has been approve
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UMASS-AMHERSTACCOUNTG 321J.Mc CallenSpring

ACCOUNTG 321 Lecture Notes - Lecture 11: Asset, Inventory Turnover, Asset Turnover

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2 Apr 2017
0
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UMASS-AMHERSTACCOUNTG 321J.Mc CallenSpring

ACCOUNTG 321 Lecture 8: Chapter 4 pt.2

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2 Mar 2017
0
Accounting changes: accounting changes fall into one of three categories: Change in reporting entity: correction of an error is another adjustment that
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UMASS-AMHERSTACCOUNTG 321J.Mc CallenSpring

ACCOUNTG 321 Lecture Notes - Lecture 2: International Accounting Standards Committee, Financial Accounting Foundation, Governmental Accounting Standards Board

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21 Feb 2017
0
Identifies financial reporting issues and attempts to resolve them without involving the fasb. Eitf rulings are ratified by the fasb and considered par
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UMASS-AMHERSTACCOUNTG 321J.Mc CallenSpring

ACCOUNTG 321 Lecture Notes - Lecture 4: Operating Cash Flow, Current Liability, Income Statement

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21 Feb 2017
0
Preparing an adjusted trial balance: trial balance after adjusting entries have been recorded. Includes other comprehensive income (oci) or loss items.
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UMASS-AMHERSTACCOUNTG 321J.Mc CallenSpring

ACCOUNTG 321 Lecture Notes - Lecture 1: Financial Statement, Cash Flow, Mutual Fund

OC9228633 Page
21 Feb 2017
0
Primary focus of financial accounting: profit-oriented companies providing financial information to various external users. Statement of other comprehe
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