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ANUBUSN1001WeiWinter

BUSN1001 Study Guide - Final Guide: Current Liability, Retained Earnings, Accounts Payable

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ANUBUSN1001WeiWinter

BUSN1001 Study Guide - Final Guide: General Ledger, Trial Balance, Financial Statement

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Journal - provides a complete record of all transactions in chronological order. Accounting procedures: transaction (buy equipment with cash) + source
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ANUBUSN1001WeiWinter

BUSN1001 Study Guide - Final Guide: Bank Reconciliation, Petty Cash, Bank Statement

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Internal control - all the policies and procedures that are used by management to ensure the effectiveness and efficiency of operations as well as the
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ANUBUSN1001WeiWinter

BUSN1001 Final: Income Statement

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ANUBUSN1001WeiWinter

BUSN1001 Study Guide - Final Guide: Cash Flow, Deferral, Accounts Payable

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The statement of cash flows: the statement of cash flows provides some information that balance sheet and income statement do not provide. Cash flow fr
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ANUBUSN1001WeiWinter

BUSN1001 Study Guide - Final Guide: Management Accounting, Contribution Margin, Operating Leverage

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ANUBUSN1001WeiWinter

BUSN1001 Final: Adjusting Entries

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Deferrals postponement of the recognition of expense already paid or revenue already received. Expenses: expenses paid in advance, eg: prepaid rental e
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ANUBUSN1001WeiWinter

BUSN1001 Study Guide - Final Guide: Financial Statement Analysis, Financial Analysis, Financial Statement

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Financial analysis: a process of selecting, evaluating, and interpreting financial data, along with other pertinent information, in order to formulate
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ANUBUSN1001WeiWinter

BUSN1001 Study Guide - Final Guide: Contribution Margin, Fixed Cost, Variable Cost

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ANUBUSN1001WeiWinter

BUSN1001 Study Guide - Final Guide: Cash Flow, Net Present Value, Discounting

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Capital investment decisions: capital investment decisions long-term decisions involving the purchase of new equipment and the acquisition or expansion
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