ACC 110 Chapter Notes - Chapter 1: Cash Flow Statement, Ryerson University, Mattress

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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.

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