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Study Guides for ACC 100 at Ryerson University


RYERSONACC 100Keith WhelanFall

ACC 100 Study Guide - Final Guide: Tertiary Sector Of The Economy, Secondary Sector Of The Economy, Primary Sector Of The Economy

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RYERSONACC 100Keith WhelanFall

ACC 100 Lecture Notes - Lecture 9: Financial Statement, Trend Analysis, Balance Sheet

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RYERSONACC 100Keith WhelanFall

ACC 100 Lecture Notes - Lecture 8: Current Liability, Canada Pension Plan, Unemployment Benefits

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Used when goods or services are purchased on account from a supplier. Will be paid off within the upcoming 12 months. Good or service owed to a custome
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RYERSONACC 100Keith WhelanFall

ACC 100 Lecture Notes - Lecture 7: Financial Statement, Capital Asset, Fixed Asset

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RYERSONACC 100Keith WhelanFall

ACC 100 Lecture Notes - Lecture 6: Accounts Receivable, Current Liability, Financial Statement

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RYERSONACC 100Keith WhelanFall

ACC 100 Lecture Notes - Lecture 5: Cash Register, Market Price

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RYERSONACC 100Keith WhelanFall

ACC 100 Lecture Notes - Lecture 4: Accounts Payable, Negative Number, Accounts Receivable

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RYERSONACC 100Keith WhelanFall

ACC 100 Lecture Notes - Lecture 3: Income Statement, Retained Earnings, Balance Sheet

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Acc 100 - lecture 3 - accounts and financial statements. Accounts are common subgroups of financial reporting elements that are used to accumulate busi
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RYERSONACC 100Keith WhelanFall

ACC 100 Lecture Notes - Lecture 2: Financial Statement, Information System, Retained Earnings

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Acc 100 - lecture 2 - financial information. How do business produce financial information that is useful. Data has to be categorized, analyzed, and fo
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RYERSONACC 100Keith WhelanFall

ACC 100 Lecture Notes - Lecture 1: Primary Sector Of The Economy, Going Concern, Tertiary Sector Of The Economy

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Acc 100 - lecture 1 - introduction to accounting. The activity of making, buying, or selling goods or providing services in exchange for money. Primary
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RYERSONACC 100Keith WhelanSummer

ACC 100 Study Guide - Final Guide: Capital Expenditure, Asset, Preferred Stock

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RYERSONACC 100Keith WhelanSummer

ACC 100 Lecture Notes - Lecture 10: Cash Flow Statement, Cash Flow, Promissory Note

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Acc100 - l10: the statement of cash flows. The statement of cash flows is a financial statement that summarizes cash receipts and payments of a busines
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RYERSONACC 100Keith WhelanSummer

ACC 100 Lecture Notes - Lecture 9: Dividend, Retained Earnings, Stock Certificate

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With shares, the financial return may be a dividend or also a the price appreciation of shares (the increase in their current value). Shares are popula
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RYERSONACC 100Keith WhelanSummer

ACC 100 Lecture Notes - Lecture 7: Subledger, General Ledger, Accounts Receivable

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Acc100 - l7: liquid assets and internal control. Subsidiary ledger: the detail for a number of individual items that collectively make up a single gene
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RYERSONACC 100Keith WhelanSummer

ACC 100 Lecture Notes - Lecture 8: Capital Asset, Capital Expenditure

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Assets within ppe (property, plant and equipment) can be tangible or intangible. Tangible: something that is physical (i. e. a machine). Intangible: so
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RYERSONACC 100Keith WhelanSummer

ACC 100 Lecture Notes - Lecture 6: Gross Margin, Fifo (Computing And Electronics), Weighted Arithmetic Mean

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Acc100 - l6: inventories and cost of goods sold. Recall that assets are unexpired costs, and expenses are expired costs. The value assigned to an asset
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RYERSONACC 100Keith WhelanSummer

ACC 100 Lecture Notes - Lecture 5: Gross Profit, Income Statement, Revenue Recognition

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Acc100 - l5: income and the income statement. Revenue: increases economic resources resulting from ordinary activities such as the sale of goods, by re
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RYERSONACC 100Keith WhelanSummer

ACC 100 Lecture Notes - Lecture 3: Current Asset, Retained Earnings, Accounts Receivable

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External event: event involving interaction between an entity and its environment; i. e. payment of wages to an employee is an external event. Internal
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RYERSONACC 100Keith WhelanSummer

ACC 100 Lecture Notes - Lecture 2: Profit Margin, Working Capital, Promissory Note

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Acc100 - lecture 2: financial statements and the annual report. Balance sheet tells what obligations will be due and what assets will be available to s
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RYERSONACC 100Keith WhelanSummer

ACC 100 Lecture Notes - Lecture 1: Income Statement, Balance Sheet, Accounting Equation

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Acc100 - lecture 1: an introduction to accounting. Organization: group of individuals pursuing the same objectives. Sole proprietorship: a business wit
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RYERSONACC 100Keith WhelanSummer

ACC 100 Lecture Notes - Lecture 4: National Grange Of The Order Of Patrons Of Husbandry, Promissory Note, Interest Expense

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Acc100 - l4: accrual accounting, adjusting entries and accounting cycles. Recognition: the process of including an item in the financial statements of
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RYERSONACC 100Nicholas BordignonFall

ACC 100 Study Guide - Fall 2018, Comprehensive Midterm Notes - Accident Compensation Corporation, Retained Earnings, Financial Statement

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Purchasing after the secondary sector (bank, airlines, stores, hair salon) A stakeholder is someone affected by how the company does. Internal (work fo
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RYERSONACC 100peterkalvinWinter

ACC 100 Study Guide - Comprehensive Midterm Guide: Accounts Receivable, No Entry, Secondary Sector Of The Economy

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What is a business? (cid:862)the a(cid:272)ti(cid:448)it(cid:455) of (cid:373)aki(cid:374)g, (cid:271)u(cid:455)i(cid:374)g, or selli(cid:374)g goods o
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RYERSONACC 100Joel ShapiroFall

ACC 100 Study Guide - Comprehensive Midterm Guide: Tertiary Sector Of The Economy, Retained Earnings, Current Liability

Nancial position and cash ows; used by external stakeholders to analyze a business and answer questions to make decisions and meet their objectives: st
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RYERSONACC 100Keith WhelanFall

ACC 100 Midterm: Midterm Review Practice Questions

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How should i study for the midterm (and final exam! You are likely similar to most students when they studythey do what will help them the least (highl
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RYERSONACC 100Donna ZathyFall

ACC 100 Midterm: ACC 100 MID TERM STUDY

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Acc100 master - all the notes i took over the fall semester, probably missing a few things. lomoar cpsd| 2674782. Primary sector: taking raw materials,
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RYERSONACC 100Cheryl DysonFall

ACC 100 Study Guide - Quiz Guide: Deferral

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First determine what kind of transaction it is. Two are very easy to account for a sale or purchase on account can only be recorded one. 4 kinds of tra
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RYERSONACC 100Cheryl DysonFall

ACC 100 Midterm: Accounting Mid-Term Review

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RYERSONACC 100Maurizio Di MaioWinter

ACC 100 Study Guide - Midterm Guide: Historical Cost, Accrual, Trial Balance

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Understand this and you will never go wrong . Canadian accounting standards follows the accrual basis of accounting. Basically, you need to understand
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RYERSONACC 100Donna BellWinter

ACC 100 Midterm: Accounting Midterm Study Notes

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Organization a collection of individuals pursuing the same goal or objective. Accounting midterm study notes: a student group. Sole proprietorship a bu
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RYERSONACC 100Cheryl DysonWinter

ACC 100 Study Guide - Midterm Guide: Cash Flow Statement, Accrual, Retained Earnings

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Forms of organizations: business entities, non-business entities, organizations and social responsibility. Nature of business activity: financing activ
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RYERSONACC 100Keith WhelanFall

ACC 100 Study Guide - Midterm Guide: Deferral, Accounts Payable, Cash Flow

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Primary sector: grow and gather raw materials (potato farms, coal mining) Secondary sector: where raw materials are turned into products (table factory
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RYERSONACC 100Richard DeklerkFall

ACC 100 Study Guide - Midterm Guide: Perpetual Inventory, Flowchart, Capital Structure

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Business: activity of making, buying, or selling goods or services in exchange for money. Retailer earns a profit by reselling goods or providing servi
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