ACCTG414 Study Guide - Final Guide: Moving Average, Profit Margin, Capital Asset

• School: University of Alberta
• Department: Accounting
• Course: ACCTG414
• Professor: Jocelyn King

Document Summary

Jocelyn"s office hours all students in 414 are welcome. Rough split of pre midterm versus post midterm questions. But remember that much of the new material builds on material from earlier chapters. This document is not an exhaustive summary of all materials covered this term, but this quick review may be helpful to you in studying. It is not a replacement for reading the text and doing the assigned questions. You may wish to add your own notes into this document. Ch 1 and 2 objectives of financial accounting. To communicate financial information to parties outside the business organization: equity investors, creditors, employees. The four basic financial statements: statement of financial position; income. Statement/ statement of comprehensive income; statement of cash flows; Most companies prepare financial statements at the end of each year (called annual reports) and at the end of each quarter (called quarterly reports) Reversing entries are optional not required in this course.