[BUSACC 0030] - Final Exam Guide - Ultimate 49 pages long Study Guide!
Document Summary
Text: financial accounting (8th edition), connect accounting (packaged with the text at the bookstore or available for purchase online), american eagle outfitters/2011 annual report (posted on courseweb) Instructor spent 30 minutes speaking about the course/going over the syllabus which is posted on courseweb: 1st homework assignment will be due 1 week later, on the same day as the following homework assignment. Financial accounting reports periodic financial statements and related disclosures a. i. 2. Managerial accounting reports detailed plans and continuous performance reports a. ii. Financing activities ex: borrow money from a bank. Operating activities ex: sell merchandise to customers. Balance sheet- reports the amount of assets, liabilities, and stockholders" equity a. iii. 2. Income statement reports the revenues less the expenses of the accounting period a. iii. 3. Statement of stockholder"s equity- reports the changes in each of the company"s stockholders" equity accounts, including the change in the retained earnings balance a. iii. 4.
