BUS-101 Lecture Notes - Lecture 9: International Accounting Standards Board, Financial Accounting, Current Liability

• School: University of Tampa
• Department: Business
• Course: BUS-101
• Professor: brittshirley

Document Summary

Analyzing the information to prepare it so people who aren"t accountants to make sense of everything. Banks to see if they are going to provide a loan. Accounting jobs: public vs private, auditors, tax accountants, government accountants, not for pro t accountants. If a company possess a large amount of cash and other current assets their liquidity levels are large. Leverage refers to the amount of debt a company owes and its reliance on borrowed funds. Financial accountants record, organize, analyze, and report previous nancial transactions. Higher probability ratio always indicates higher productivity. The statement of cash ow os an important nancial document except for when it allows the company to compare cash on hand and cash bills. The cost associated with media purchases at a company is a variable cost, because it could vary month to month based on the company"s advertising plan.