ACC 110 Chapter Notes - Chapter 1: Cash Flow Statement, Ryerson University, Mattress
Document Summary
This guide is produced by else grech, the course coordinator, to assist students in understanding how to approach the questions that are assigned/completed during the 2 hour break-out sessions. With the powerpoint presentation that we will be using. Students are urged to complete the assigned in-class questions in this workbook. Your work for each question (this is a required for both the midterm and the final exam so you might as well get used to it!) Remember - this workbook works with the powerpoint. I recommend that you bring the workbook with you to every class. New concept: an entity means any distinct and independent existence. It can be anything (for instance, you are an entity, so is apple corp. , so is ryerson university. ) Entities have stakeholders - individuals who have a stake or interest in the entity. For instance, your stakeholders might be your parents, your grandparents, your friends, etc. Each stakeholder has an interest in the entity.