Textbook Notes for Kayla Levesque

LAURENTIANCOMM-1107ELKayla LevesqueWinter

COMM-1107EL Chapter Notes - Chapter 12A: Deferral, Accrual, Income Statement

Meghan Lever2 Page
28 Mar 2017
0
Appendix 12a preparing the statement of cash flows: direct method. Prepare a statement of cash flows using the direct method of determining. Ifrs and a
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LAURENTIANCOMM-1107ELKayla LevesqueWinter

COMM-1107EL Chapter Notes - Chapter 11: Share Capital, Issued Shares, Weighted Arithmetic Mean

Meghan Lever6 Page
14 Mar 2017
0
A corporation"s net income (including earnings per share) receives more attention than any other item in the financial statements : to shareholders, th
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LAURENTIANCOMM-1107ELKayla LevesqueWinter

COMM-1107EL Chapter Notes - Chapter 5: Cash Flow, Current Liability, Quick Ratio

Meghan Lever8 Page
14 Mar 2017
0
Short-term investments (marketable securities) are investments that a company plans to hold for 1 year or less. These investments allow the company to
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LAURENTIANCOMM-1107ELKayla LevesqueWinter

COMM-1107EL Chapter Notes - Chapter 4: List Of The Shield Episodes, Accounts Receivable, Petty Cash

Meghan Lever8 Page
14 Mar 2017
0
Fraud is an intentional misrepresentation of facts, made to persuade another party to act in a way that causes injury or damage to that party. There ar
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LAURENTIANCOMM-1107ELKayla LevesqueWinter

COMM-1107EL Chapter Notes - Chapter 9: Debits And Credits, Operating Lease, Credit Risk

Meghan Lever9 Page
14 Mar 2017
0
Current liabilities are obligations due within one year, or within the company"s normal operating cycle if it is longer than one year: current liabilit
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LAURENTIANCOMM-1107ELKayla LevesqueWinter

COMM-1107EL Chapter Notes - Chapter 6: Write-Off, Uptodate, Perpetual Inventory

Meghan Lever5 Page
14 Mar 2017
0
Chapter 6 - inventory and cost of goods sold. Account for inventory using the perpetual and periodic inventory systems. The value of inventory affects
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LAURENTIANCOMM-1107ELKayla LevesqueWinter

COMM-1107EL Chapter Notes - Chapter 7: Asset, Write-Off, Impaired Asset

Meghan Lever9 Page
14 Mar 2017
0
Tangible long-lived assets are also called pp&e (ex. buildings, land, and airplanes: the cost of these assets must be expensed over their useful lives,
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LAURENTIANCOMM-1107ELKayla LevesqueWinter

COMM-1107EL Chapter Notes - Chapter 2: Trial Balance, The Ledger, Financial Statement

Meghan Lever3 Page
14 Mar 2017
0
A transaction is any event that has a financial impact on a business and that can be reliably measured. Every transaction has 2 sides and we always rec
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LAURENTIANCOMM-1107ELKayla LevesqueWinter

COMM-1107EL Chapter Notes - Chapter 1: Market Liquidity, Retained Earnings, Share Capital

Meghan Lever7 Page
14 Mar 2017
0
Financial statements are the reports that companies use to convey the financial results of their business activities to various user groups. Explain wh
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LAURENTIANCOMM-1107ELKayla LevesqueWinter

COMM-1107EL Chapter Notes - Chapter 10: Reverse Stock Split, Legal Personality, Dividend

Meghan Lever7 Page
12 Mar 2017
0
A corp. is a business entity formed under federal or provincial law. The federal or provincial government grants articles of incorporation, which consi
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LAURENTIANCOMM-1107ELKayla LevesqueWinter

COMM-1107EL Chapter 3: Accrual Accounting and the Financial Statements

Meghan Lever4 Page
14 Mar 2017
0
Chapter 3 a(cid:272)(cid:272)rual a(cid:272)(cid:272)ou(cid:374)ti(cid:374)g a(cid:374)d the fi(cid:374)a(cid:374)(cid:272)ial. When using cash-basis a
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LAURENTIANCOMM-1107ELKayla LevesqueWinter

COMM-1107EL Chapter Notes - Chapter 8: Air Canada, Economic Model, Controlling Interest

Meghan Lever8 Page
14 Mar 2017
0
Chapter 8 lo(cid:374)g-ter(cid:373) i(cid:374)vest(cid:373)e(cid:374)ts a(cid:374)d the ti(cid:373)e. Investor the entity that owns shares in a corpora
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