MAA103 Study Guide - Final Guide: Financial Statement, Asset Turnover, European Cooperation In Science And Technology

• School: Deakin University
• Department: Business and Law
• Course: MAA103
• Professor: All

Document Summary

Topic 1 - the accounting environment: accounting and its role in society. The concept of business" and the concept of the entity". Topic 2 - an introduction to accounting reports: their contents and uses. Concept 3: the four financial statements: their purpose and content. Topic 3 - business planning and cost concepts for management decisions. Contribution margin (cm) = total sales total vc(vc = variable cost) Target sales (units) for target profit = fixed costs + target profit. Target sales ($) for target profit = fixed costs + target profit. Or break-even point (units) x sales price per unit. Topic 4 - business planning and operating budgets. Concept 2 - budgets: their use in business planning. Topic 6 - classification and analysis of business transactions, accounting for gst. Concept 3: accounting for goods and services tax (gst) Topic 7 - business transactions: the recording process. Concept 3: posting transactions to the general ledger.