Verified Documents at University of Toronto Scarborough

Browse the full collection of course materials, past exams, study guides and class notes for MGAB01H3 - Introductory Financial Accounting I at University of Toronto Scarborough …
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Liang Chen
H Levy-Shalev

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MGAB01H3 Lecture 1: Note-1 MGAB01H3 Lec30
MGAB01H3 Lecture Notes - Lecture 2: Ontario Securities Commission, Historical Cost, Financial Statement
External user and decision maker needs the external financial reporting. Primary qualities: timely, predictive and has feedback values. Secondary quali
MGAB01H3 Lecture Notes - Lecture 3: Accrual, Matching Principle, Asset
Class outline: operating cycle, classified statement of earnings elements, accrual versus cash basis accounting, debit/credit framework, operating cycl
MGAB01H3 Lecture Notes - Lecture 4: Deferral, Trial Balance, Accrual
Mgab01 class4: the accounting cycle, phase1: during the accounting period(external) which we have learnt before, phase2: end of the accounting period(i
MGAB01H3 Lecture 5: Continued Notes on Topic 4 Adjustments, Financial Statements, and the Quality of Earnings
MGAB01H3 Lecture Notes - Lecture 5: Accrual, Accounts Payable, Interest Expense
MGAB01H3 Lecture Notes - Lecture 7: Retained Earnings, Deferral, Balance Sheet
Accrual: not pay/receive money yet, already received or provide goods or service. record at this period at next period. The order of closing entry: sta
MGAB01H3 Lecture 8: MGAB01 Week8 review of chapter4 and part of chapter 6
Any question about midterm pls emailing professor before next saturday. In midterm review, we don"t need to know multiple choice 14 and 15. Question is
MGAB01H3 Lecture Notes - Lecture 10: Accounts Receivable
The midterm distribution: top 25% - 79 above. Cash/sales discount: discount give to pay whole cash. Reason: make people actually pay money on time, the
MGAB01H3 Lecture Notes - Lecture 11: Internal Control, Bank Reconciliation, Bank Statement
The time we should record debt expense: the same period of revenue. Two methods: indirect: aging of account receivable ( the number we figure out via t
MGAB01H3 Lecture Notes - Lecture 12: Internal Control, Working Capital, Weighted Arithmetic Mean
Inventory: the goals for company to sale to make cash. Too much inventory: limit cash, inventory is less flexible than cash. Too little inventory: no s
MGAB01H3 Lecture Notes - Lecture 13: Gross Profit, Internal Control, Fixed Cost
Chapter7 reporting and interpreting cost of sales and inventory: hw5 and quiz need to submit before sunday night, final: friday,21th dec, 9-11, differe