Exams are coming!
Get ready with premium notes and study guides!

Textbook Notes for ACC 925 at McMaster University

MCMASTERACC 925Aadil Merali JumaFall

ACC 925 Chapter Notes - Chapter 2: Accounting Equation, Financial Statement

OC12030321 Page
6
Double entry system: a double entry system makes sure two accounts get affected when a transaction occurs to keep the accounting equation in balance. *
View Document
MCMASTERACC 925Aadil Merali JumaFall

ACC 925 Chapter Notes - Chapter 5: Annual Percentage Rate, Debits And Credits, Book Value

OC12030326 Page
5
Short-term investments (marketable securities): are investments that a company plans to hold for one year or less. Held-for-trading investments: to hol
View Document
MCMASTERACC 925Yvonne KwokFall

ACC 925 Chapter Notes - Chapter 1-4: Financial Accounting Standards Board, International Accounting Standards Board, Financial Accounting

OC121941917 Page
4
Accounting is best described by three essential characteristics. The identification, measurement, and communication of financial information. Financial
View Document
MCMASTERACC 925Aadil Merali JumaFall

ACC 925 Chapter Notes - Chapter 12: Cash Flow, Net Income, Income Statement

OC12030324 Page
4
Explain the uses of the statement of cash flows. Cash flows provide relative information about a company operating, investing and financing activities.
View Document
MCMASTERACC 925Aadil Merali JumaFall

ACC 925 Chapter Notes - Chapter 4: Canadian National Railway, Internal Control, Financial Statement

OC12030325 Page
9
Fraud: is an intentional mispresenting of facts, made for persuading another party to act in a way that causes injury or damage to that party. The two
View Document
MCMASTERACC 925Aadil Merali JumaFall

ACC 925 Chapter Notes - Chapter 3: Deferral, Accrual, Accounts Receivable

OC12030324 Page
4
Chapter 3: accrual accounting and the financial statements. The difference between cash-basis accounting and accrual accounting: Cash-basis accounting:
View Document
MCMASTERACC 925Y L ChanWinter

ACC 925 Chapter Notes -General Ledger, Accounts Payable, Financial Statement

OC3520851 Page
27
Who uses it: accounting software can be used for personal use, but it is more normally used by all types of businesses, there are also specific account
View Document
MCMASTERACC 925Y L ChanWinter

ACC 925 Chapter Notes -Forensic Accounting, Corporate Finance

OC3520851 Page
17
View Document
MCMASTERACC 925Aadil Merali JumaFall

ACC 925 Chapter Notes - Chapter 1: Cash Flow Statement, Financial Statement, Cash Flow

OC12030324 Page
10
Income statement- the statement to show profit or loss. Retained earnings- the state(cid:373)e(cid:374)t to sho(cid:449) (cid:272)ha(cid:374)ges i(cid:
View Document
MCMASTERACC 925Y L ChanWinter

ACC 925 Chapter Notes -Mysql

OC3520853 Page
30
View Document
MCMASTERACC 925Aadil Merali JumaFall

ACC 925 Chapter Notes - Chapter 3: Fixed Cost, Qti, Contribution Margin

OC4930717 Page
1
Use variable costing income statement is used for this analysis: Subtract all variable costs (unit variable cost (uvc) * quantity) Assume you are produ
View Document
Showing 1 — 11 of 11 result
View all professors (3+)

Textbook Notes (270,000)
CA (160,000)
McMaster (10,000)
ACC (10)
ACC 925 (10)