Study Guides for BUSI 2150U at UOIT

Scanned by CamScanner Scanned by CamScanner Scanned by CamScanner

Term Test #1 Notes Chapter #1: The Accounting Environment  Accounting is a system for gathering data about an entity’s economic ...

Accounting Midterm Review What is accounting? Accounting Is a system for gathering information about an entitys economic activity and using it to process information for people within it who want to make decisions. Account...

The Accounting EquationAssets must have the following characteristics to be classified as an asset by IFRSProvide future benefit to the entity and it must be probable that the entity will enjoy the benefitWhen accountants ...

FINANCIAL ACCOUNTING: A CRITICAL APPROACH CHAPTER 5: CASH FLOW, PROFITABILITY, AND THE CASH FLOW STATEMENT How do win a monopoly game (exam question)? Answer in one sentence. Buy as many properties as possible. Hav...

FINANCIAL ACCOUNTING: A CRITICAL APPROACH CHAPTER 4: INCOME MEASUREMENT AND OBJECTIVES OF FINANCIAL REPORTING REVENUE RECOGNITION:  WHAT IS RECOGNITION? - WHEN REVENUE AND THE RELATED EXPENSES A...

FINANCIAL ACCOUNTING: A CRITICAL APPROACH CHAPTER 2: FINANCIAL STATEMENTS: A WINDOW ON AN ENTITY WHO PREPARES FINANCIAL STATEMENTS?  PUBLIC COMPANIES (E.X; APPLE COMPUTERS)  PRIVATE COMPA...

CHAPTER 1: THE ACCOUNTING ENVIRONMENT WHAT IS ACCOUNTING AND WHY IS IT DONE?  ACCOUNTING IS DYNAMINC (CREATIVE AND CONTROVERSAL)  BUSINESS AND PERSONAL DECISIONS THAT RELY ON ACCO...