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Textbook Notes for Khin Phyo Hlaing

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UWAFM123Khin Phyo HlaingWinter

AFM123 Chapter Notes - Chapter 1: International Financial Reporting Standards, Financial Accounting, Net Income

OC11437375 Page
25 Feb 2017
6
Private accountant: hire an accountant to work solely for a single business and be an employee. Public accountant: works for a variety of businesses an
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UWAFM123Khin Phyo HlaingWinter

AFM123 Chapter Notes - Chapter 3: Gift Card, Accounting Equation, Revenue Recognition

OC11437373 Page
25 Feb 2017
7
Operating activities are the day to day functions in running a business, these activities occur regularly and oftenh as a shorter duration of effect. O
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UWAFM123Khin Phyo HlaingWinter

AFM123 Chapter Notes - Chapter 2: Current Liability, Non-Functional Requirement, Starbucks

OC11437372 Page
25 Feb 2017
6
Equity financing refers to financing that a business obtains through owners contribution and reinvestments of profit. Debt financing refers to financin
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UWAFM123Khin Phyo HlaingWinter

AFM 123 Chapter 4: Chapter 4 Adjustments, Financial Statements, Financial Results

OC11437374 Page
2 Mar 2017
0
Why adjustments are needed: because as learned before not always are things paid for when bought etc. therefore you must adjust to make sure that it is
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