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Textbook Notes for Leonard Valorie

LAURENTIANCOMM-1106ELLeonard ValorieFall

COMM-1106EL Chapter Notes - Chapter 9: Canada Pension Plan, Unemployment Benefits, Remittance

Meghan Lever8 Page
6 Dec 2016
2
The definition of a liability is an item that will require the outflow or sacrifice of economic resources in the future to settle an obligation that ex
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LAURENTIANCOMM-1106ELLeonard ValorieFall

COMM-1106EL Chapter Notes - Chapter 11: Dividend Payout Ratio, Dividend Yield, Stock Split

Meghan Lever11 Page
6 Dec 2016
1
Why shareholders" equity is of significance to users: share purchases are commonly made by individuals as part of their investment portfolios, either:
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LAURENTIANCOMM-1106ELLeonard ValorieFall

COMM-1106EL Chapter Notes - Chapter 8: Software, Canada Revenue Agency, The Purchase Price

Meghan Lever10 Page
6 Dec 2016
4
The three main categories of long-term assets (aka. capital assets) are: property, plant, and equipment (aka. Companies invest in long-term assets to g
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LAURENTIANCOMM-1106ELLeonard ValorieFall

COMM-1106EL Chapter Notes - Chapter 1: Promissory Note, International Financial Reporting Standards, Accounts Payable

Meghan Lever8 Page
6 Dec 2016
0
Financial accounting: is the process by which information on the transactions of an organization is captured, analyzed, and used to report to decision
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LAURENTIANCOMM-1106ELLeonard ValorieFall

COMM-1106EL Chapter Notes - Chapter 7: Write-Off, Internal Control, Book Value

Meghan Lever11 Page
6 Dec 2016
6
Inventory is any item purchased by a company for resale to customers or to be used in the manufacture of a product that is then sold to customers. All
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LAURENTIANCOMM-1106ELLeonard ValorieFall

COMM-1106EL Chapter 6: Chapter 6 – Cash and Accounts Receivable

Meghan Lever8 Page
6 Dec 2016
2
You should also be able to assess how well the company has done historically at collecting its receivables. Presenting cash and accounts receivable sep
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LAURENTIANCOMM-1106ELLeonard ValorieFall

COMM-1106EL Chapter Notes - Chapter 5: Accounts Receivable, Promissory Note, Free Cash Flow

Meghan Lever9 Page
6 Dec 2016
2
Chapter 5 the tate(cid:373)e(cid:374)t of cash flows. The use of accrual accounting means that the revenues and expenses on the statement of income do
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LAURENTIANCOMM-1106ELLeonard ValorieFall

COMM-1106EL Chapter Notes - Chapter 2: Profit Margin, Asset, Investment

Meghan Lever7 Page
6 Dec 2016
2
Accounting standards have been developed to provide companies with a broad set of rules to be followed when preparing their financial statements. These
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LAURENTIANCOMM-1106ELLeonard ValorieFall

COMM-1106EL Chapter Notes - Chapter 3: Book Value, Trial Balance, Retained Earnings

Meghan Lever10 Page
6 Dec 2016
1
Chapter 3 dou(cid:271)le entry a(cid:272)(cid:272)ounting and the. Double entry accounting system: requires each transaction be recorded in a way that
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LAURENTIANCOMM-1106ELLeonard ValorieFall

COMM-1106EL Chapter Notes - Chapter 10: Defined Contribution Plan, Defined Benefit Pension Plan, Deferred Tax

Meghan Lever13 Page
6 Dec 2016
3
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LAURENTIANCOMM-1106ELLeonard ValorieFall

COMM-1106EL Chapter Notes - Chapter 4: Weighted Arithmetic Mean, Cash Flow, The Seller

Meghan Lever5 Page
6 Dec 2016
0
What is revenue and why is it of significance to users. Revenues are defined as inflows of economic benefits from a company"s ordinary operating activi
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LAURENTIANCOMM-1106ELLeonard ValorieFall

COMM-1106EL Chapter Notes - Chapter 12: Quick Ratio, Gross Margin, Accounts Receivable

Meghan Lever9 Page
6 Dec 2016
2
Financial statement analysis is the process of evaluating a company"s performance based on an analysis of their financial statements (financial stateme
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