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Textbook Notes for MGAB01H3 at University of Toronto Scarborough (UTSC)

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UTSCMGAB01H3H Levy-ShalevFall

MGAB01H3 Study Guide - Final Guide: Financial Statement, Financial Accounting, Accounting Period

OC240042722 Page
15 Dec 2018
0
Topic include: financial statements and business decision. Investing and financing decisions and the statement of financial. Position: operating decisi
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UTSCMGAB01H3H Levy-ShalevFall

MGAB01H3 Lecture Notes - Lecture 13: Gross Profit, Internal Control, Fixed Cost

OC24004273 Page
28 Nov 2018
0
Chapter7 reporting and interpreting cost of sales and inventory: hw5 and quiz need to submit before sunday night, final: friday,21th dec, 9-11, differe
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UTSCMGAB01H3H Levy-ShalevFall

MGAB01H3 Lecture Notes - Lecture 12: Internal Control, Working Capital, Weighted Arithmetic Mean

OC24004272 Page
21 Nov 2018
0
Inventory: the goals for company to sale to make cash. Too much inventory: limit cash, inventory is less flexible than cash. Too little inventory: no s
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UTSCMGAB01H3H Levy-ShalevFall

MGAB01H3 Lecture Notes - Lecture 11: Internal Control, Bank Reconciliation, Bank Statement

OC24004274 Page
14 Nov 2018
0
The time we should record debt expense: the same period of revenue. Two methods: indirect: aging of account receivable ( the number we figure out via t
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UTSCMGAB01H3H Levy-ShalevFall

MGAB01H3 Study Guide - Fall 2018, Comprehensive Midterm Notes -

OC24004275 Page
5 Nov 2018
0
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UTSCMGAB01H3H Levy-ShalevFall

MGAB01H3 Lecture Notes - Lecture 10: Accounts Receivable

OC24004272 Page
7 Nov 2018
0
The midterm distribution: top 25% - 79 above. Cash/sales discount: discount give to pay whole cash. Reason: make people actually pay money on time, the
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UTSCMGAB01H3H Levy-ShalevFall

MGAB01H3 Lecture 8: MGAB01 Week8 review of chapter4 and part of chapter 6

OC24004273 Page
24 Oct 2018
0
Any question about midterm pls emailing professor before next saturday. In midterm review, we don"t need to know multiple choice 14 and 15. Question is
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UTSCMGAB01H3H Levy-ShalevFall

MGAB01H3 Lecture Notes - Lecture 7: Retained Earnings, Deferral, Balance Sheet

OC24004273 Page
17 Oct 2018
0
Accrual: not pay/receive money yet, already received or provide goods or service. record at this period at next period. The order of closing entry: sta
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UTSCMGAB01H3H Levy-ShalevFall

MGAB01H3 Lecture Notes - Lecture 5: Accrual, Accounts Payable, Interest Expense

OC24004272 Page
18 Oct 2018
0
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UTSCMGAB01H3H Levy-ShalevFall

MGAB01H3 Lecture Notes - Lecture 4: Deferral, Trial Balance, Accrual

OC24004272 Page
10 Oct 2018
0
Mgab01 class4: the accounting cycle, phase1: during the accounting period(external) which we have learnt before, phase2: end of the accounting period(i
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UTSCMGAB01H3H Levy-ShalevFall

MGAB01H3 Lecture Notes - Lecture 3: Accrual, Matching Principle, Asset

OC24004272 Page
10 Oct 2018
0
Class outline: operating cycle, classified statement of earnings elements, accrual versus cash basis accounting, debit/credit framework, operating cycl
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UTSCMGAB01H3H Levy-ShalevFall

MGAB01H3 Lecture Notes - Lecture 2: Ontario Securities Commission, Historical Cost, Financial Statement

OC24004272 Page
9 Oct 2018
0
External user and decision maker needs the external financial reporting. Primary qualities: timely, predictive and has feedback values. Secondary quali
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UTSCMGAB01H3H Levy-ShalevFall

MGAB01H3 Lecture 1: Note-1 MGAB01H3 Lec30

OC24004273 Page
5 Sep 2018
0
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UTSCMGAB01H3Lisa HarveyFall

MGAB01H3- Final Exam Guide - Comprehensive Notes for the exam ( 50 pages long!)

OC53748850 Page
28 Mar 2018
0
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UTSCMGAB01H3Lisa HarveyFall

MGAB01H3 Study Guide - Final Guide: Financial Statement, Purch Group, Current Asset

OC53748816 Page
28 Feb 2018
0
Reporting and interpreting sales, revenue, receivables, and cash (parts i - iv) Reporting and interpreting cost of sales and inventory. Reporting and i
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UTSCMGAB01H3Lisa HarveyFall

MGAB01H3 Study Guide - Midterm Guide: Historical Cost, General Ledger, Interest Expense

OC53748832 Page
28 Feb 2018
0
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UTSCMGAB01H3Douglas KongFall

MGAB01H3 Chapter 1: Financial Statements and Business Decisions

Aisha Desai2 Page
28 Oct 2016
19
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UTSCMGAB01H3Douglas KongFall

MGAB01H3 Chapter 4: Adjustments, Financial Statements, and the Quality of Earnings

Aisha Desai3 Page
29 Oct 2016
20
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UTSCMGAB01H3Douglas KongFall

MGAB01H3 Chapter 2: Investing and Financing Decisions and the Statement of Financial Position

Aisha Desai4 Page
29 Oct 2016
16
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UTSCMGAB01H3Douglas KongFall

MGAB01H3 Chapter 6: Communicating and Interpreting Accounting Information

Aisha Desai4 Page
31 Oct 2016
23
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UTSCMGAB01H3G.Quan FunFall

Chapter 1 Study Guide

OC7152 Page
3 Oct 2010
72
Chapter 1: the purpose and use of financial statements. Accounting  the information system that identifies and records the economic events of an organ
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UTSCMGAB01H3Liang ChenFall

Adjusting Entries for Accruals

OC4462 Page
27 Oct 2010
79
The adjusting entry for accruals will increase both a balance sheet and an income statement account. Revenues earned, but not yet received in cash or r
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UTSCMGAB01H3Douglas KongFall

MGAB01H3 Chapter 3: Operating Decisions and the Statement of Earnings

Aisha Desai3 Page
29 Oct 2016
18
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UTSCMGAB01H3George Quan FunWinter

MGAB01H3 Chapter Notes - Chapter All covered: Net Profit, Weighted Arithmetic Mean, Consignor

OC134093513 Page
23 Jan 2017
6
External decision makers- parties outside the firm such as investors, bank loan officer. Statements can be prepared any time but are mostly done in a s
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UTSCMGAB01H3Liang ChenFall

The Basics of Adjusting Entries

OC4461 Page
27 Oct 2010
52
Under the accrual basis of accounting, adjusting entries are needed to ensure that the revenue recognition and matching principle are followed. Prepaid
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UTSCMGAB01H3George Quan FunFall

MGAB01H3 Chapter Notes - Chapter 4: Retained Earnings, Tempora, Accounting Information System

OC21885002 Page
24 Oct 2017
0
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UTSCMGAB01H3Jennifer Mc DonaldFall

MGAB01H3 Chapter Notes - Chapter 6: S&P Global, Canadian Securities Administrators, Canada Revenue Agency

OC4927256 Page
12 Jul 2015
33
Chapter 6: communicating and interpreting accounting information: corporate governance: refers to the procedures designed to ensure that the company is
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UTSCMGAB01H3G.Quan FunFall

Chapter 6 notes

OC26023 Page
9 Jan 2011
47
Counting should take place in teams of two. Prenumbered inventory tags should be used to ensure that all inventory items are counted and that none are
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