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Textbook Notes for ACCT 1220 at University of Guelph (U OF G)

U OF GACCT 1220Adeel MahmoodWinter

ACCT 1220 Chapter Notes - Chapter 1-4: Cash Flow Statement, Retained Earnings, Accounts Payable

OC120366219 Page
3 Apr 2017
0
Financial statements: are the reports that companies use to convey the financial results of their business activities to various user groups, which can
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U OF GACCT 1220Louise HayesWinter

ACCT 1220 Chapter Notes - Chapter 8: Subledger, General Ledger, Debits And Credits

OC15354838 Page
6 Mar 2017
10
The term receivables refers to amounts that are due to a business from its customers or other entities. Receivables are frequently classified as (1) ac
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U OF GACCT 1220Adeel MahmoodWinter

ACCT 1220 Chapter Notes - Chapter 1-8: Accounts Payable, Retained Earnings, Gross Profit

OC12036627 Page
3 Apr 2017
0
Statement of financial position (balance sheet) **assets = liabilities + equity. Current assets (cash, supplies, accounts receivable, anything that"s v
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U OF GACCT 1220Louise HayesWinter

ACCT 1220 Chapter 7: Reporting and Managing Cash

OC15354837 Page
27 Feb 2017
7
Cash is the lifeblood of any company. Companies big and small, even companies that are successful in every other aspect can go bankrupt if they fail to
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U OF GACCT 1220Philippe LassouFall

ACCT 1220 Chapter Notes - Chapter 10: Accounts Payable, Interest Expense, Promissory Note

OC22933243 Page
30 Nov 2017
0
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U OF GACCT 1220Louise HayesWinter

ACCT 1220 Chapter 6: Reporting and Analyzing Inventory

OC15354837 Page
15 Feb 2017
4
Regardless of the inventory system that they use, companies need to determine their inventory quantities at the end of each accounting period by physic
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U OF GACCT 1220Alireza TalebiWinter

ACCT 1220 Chapter Notes - Chapter 2: Current Liability, Deferral, Book Value

OC23650965 Page
15 Jan 2018
0
Statement of financial position (balance sheet)- s(cid:374)apshot of (cid:272)o(cid:373)pa(cid:374)y"s fi(cid:374)a(cid:374)(cid:272)ial positio(cid:37
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U OF GACCT 1220Philippe LassouFall

ACCT 1220 Chapter Notes - Chapter 1: Limited Liability, Deferred Tax, Income Statement

OC23258039 Page
29 Nov 2017
0
Chapter 1 accounting notes: accounting is the information system that records and identifies the economic events of an organization and then communicat
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U OF GACCT 1220Sandra ScottSummer

ACCT 1220 Chapter Notes - Chapter 4: Deferral, Financial Statement, Accounting

OC18328389 Page
22 Jun 2017
0
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U OF GACCT 1220Louise HayesWinter

ACCT 1220 Chapter Notes - Chapter 9: Finance Lease, The Purchase Price, Operating Lease

OC15354839 Page
20 Mar 2017
0
Property, plant, and equipment: property, plant, and equipment are long-lived resources that a company controls, are tangible, and are not intended for
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U OF GACCT 1220Alireza TalebiWinter

ACCT 1220 Chapter Notes - Chapter 3: The Ledger, General Ledger, Financial Statement

OC23650963 Page
15 Jan 2018
0
The system of collecting and processing transaction data and communicating financial info to decision makers is called the accounting information syste
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U OF GACCT 1220Allan FoersterFall

ACCT 1220 Chapter Notes - Chapter 1: Retained Earnings, Financial Statement, Accounting Equation

OC2889471 Page
8 Mar 2018
0
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