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Class Notes for Accounting at Virginia Commonwealth University

Exam Study Guides for Accounting Courses

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ACCT 204 Lecture Notes - Lecture 1: Total Quality Management, General Ledger, Income Statement
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Chapter 17: Managerial Acct is more flexible and is based off of company vision or direction Job Costing: cost based off labor and material Process Costing: cost based off the process ex. Painting 1 cost Activity Costing: ...

Accounting
ACCT 204
All Professors
ACCT 204 Lecture Notes - Lecture 4: Budget
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Chapter 20: process costing accumulates the total cost of production and allocates it proportionately to output Chapter 21: Everything starts with the sales budget Budgets quantify future expectations Aids in overall plans...

Accounting
ACCT 204
All Professors
ACCT 204 Lecture Notes - Lecture 6: Net Present Value, Opportunity Cost, Outsourcing
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Chapter 24: Future Value: Or compound interest; amount that a current payment (or stream of payments) will grow in time; includes interest on previous interest based on frequency of compounding Internal Rate Of Return: Als...

Accounting
ACCT 204
All Professors
ACCT 204 Lecture Notes - Lecture 5: Direct Method (Education), Income Statement
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Chapter 23: Absorption Costing: Also known as full costing a costing method where inventory absorbs direct costs and variable and fixed factory overhead Contribution Income Statement: An internal report that identifies ea...

Accounting
ACCT 204
All Professors
ACCT 204 Lecture Notes - Lecture 3: Direct Labor Cost, Weighted Arithmetic Mean, Cost Accounting

Chapter 20 Quiz 3 Student: ___________________________________________________________________________ 1. A production department's output for the most recent month consisted of 10,000 units completed and transferred to...

Accounting
ACCT 204
All Professors
ACCT 204 Lecture Notes - Lecture 18: Direct Labor Cost, Indian Railways, Association To Advance Collegiate Schools Of Business

204 Quiz 2 Ch 19 & 20 Student: ___________________________________________________________________________ 1. A job order production system would be appropriate for a company that produces which one of the following ite...

Accounting
ACCT 204
All Professors
ACCT 203 Lecture 1: Chapter 1
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Chapter 1 Wednesday, January 18, 2017 7:33 AM Financial Accounting: argeted towards external users Managerial Accounting: Targeted towards specific needs of management (used for business planning) Public Accounting: Provid...

Accounting
ACCT 203
Roxanne Spindle
ACCT 203 Lecture 14: Chapter 14
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Chapter 14 Tuesday, April 18, 2017 10:34 PM Par value: Stated value or face value. is an arbitrary amount assigned to each share of stock when it is authorized. Market price:is the amount that each share of stock will sell...

Accounting
ACCT 203
Roxanne Spindle
ACCT 203 Lecture 3: Chapter 3
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Chapter 3 Tuesday, February 7, 2017 11:37 AM Accounting income based on historic cost. RevenueExpenses= NET INCOME Gains: *occasional transactions* Generated by selling things like buildings, land, or equipment when you ma...

Accounting
ACCT 203
Roxanne Spindle
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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