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Textbook Notes for Haiping Wang

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YORKADMS 2500Haiping WangSpring

ADMS 2500 Study Guide - Final Guide: Cash Flow Statement, List Of The Shield Episodes, Contingent Liability

OC53748840 Page
5 Apr 2016
156
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YORKADMS 2500Haiping WangSpring

ADMS 2500 Lecture Notes - Lecture 5: Canadian Tire Money, Petty Cash, List Of The Shield Episodes

OC5374887 Page
3 Feb 2016
71
Ap/adms 2500 lecture 5 cash and receivables. Profit does equate to cash if the cash basis of accounting is used. Cash is one of the most important asse
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YORKADMS 2500Haiping WangSpring

ADMS 2500 Lecture Notes - Lecture 3: Nebulous, Missing Data, Business Valuation

OC5374886 Page
27 Jan 2016
69
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YORKADMS 2500Haiping WangSpring

ADMS 2500 Lecture Notes - Lecture 2: Cash Flow Statement, Revenue Recognition, Financial Statement

OC5374887 Page
27 Jan 2016
54
Ap/adms 2500 lecture 2 the accounting cycle. Revenue recognition principle: revenue is recognized , recorded in financial statements, when goods and se
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YORKADMS 2500Haiping WangSpring

ADMS 2500 Lecture Notes - Lecture 1: Cash Flow Statement, Financial Statement, Moodle

OC5374884 Page
27 Jan 2016
56
Important: read the welcome letter posted on moodle check the moodle website for updates at least twice a week. Too acquire access to the e-book, a pin
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YORKADMS 2500Haiping WangSummer

ADMS 2500 Chapter Notes - Chapter 6: Internal Control, Income Statement, Consignee

OC3488937 Page
1 Nov 2014
52
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YORKADMS 2500Haiping WangSummer

ADMS 2500 Chapter Notes - Chapter 5: Income Statement, Inventory Turnover, Balance Sheet

OC3488937 Page
1 Nov 2014
93
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YORKADMS 2500Haiping WangSummer

ADMS 2500 Chapter Notes - Chapter 10: Capital Asset, Title Insurance, Canada Revenue Agency

OC34889311 Page
1 Nov 2014
51
Tangible assets: have physical substance listed in order of permanence, examples, land. Includes cash price, net removal cost of warehouse, legal fees:
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YORKADMS 2500Haiping WangSummer

ADMS 2500 Chapter Notes - Chapter 9: American Express, Promissory Note, Balance Sheet

OC3488938 Page
1 Nov 2014
76
Accounts receivable: expected to be collected within 30 days, type of account: current asset, most significant receivable in terms of dollar value $ No
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YORKADMS 2500Haiping WangFall

ADMS 2500 Chapter Notes - Chapter 2: Financial Statement, Cash Flow Statement, Accounts Payable

OC9764112 Page
26 Feb 2015
56
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YORKADMS 2500Haiping WangSpring

ADMS 2500 Chapter Notes - Chapter 5: Accounting Equation, Income Statement, Accrual

OC24065564 Page
10 Mar 2018
0
Income determination: expenses incurred and their related revenues are recognized in the same period, under the matching principle, expenses for the pe
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YORKADMS 2500Haiping WangSummer

ADMS 2500 Chapter Notes - Chapter 3: Matching Principle, Financial Statement, Accrual

OC3488933 Page
1 Nov 2014
47
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YORKADMS 2500Haiping WangSpring

ADMS 2500 Chapter Appendix B: Appendix B

OC24065563 Page
10 Mar 2018
0
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YORKADMS 2500Haiping WangSummer

ADMS 2500 Chapter Notes - Chapter 4: Accounting Software, Capital Account, Financial Statement

OC3488934 Page
1 Nov 2014
60
Closing the books: making accounts ready for next period, temporary (nominal) accounts are closed (have a 0 balance, temporary accounts balances are tr
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YORKADMS 2500Haiping WangSummer

ADMS 2500 Chapter Notes - Chapter 8: Cheque, Bank Reconciliation, Bank Statement

OC3488936 Page
1 Nov 2014
47
Internal control: could there be dishonest employees where you work, see text pg. 372 for examples: policies and procedure need to be in place to, opti
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YORKADMS 2500Haiping WangSummer

ADMS 2500 Chapter Notes - Chapter 13: Limited Liability Partnership, Limited Liability, Capital Account

OC34889311 Page
1 Nov 2014
35
Advantages: combining skills and resources of 2 or more individuals, easily formed should have a written agreement p. 608, relatively free of gov"t reg
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YORKADMS 2500Haiping WangSummer

ADMS 2500 Chapter Notes - Chapter 14: Issued Shares, Preferred Stock, Cash Cash

OC3488936 Page
1 Nov 2014
21
Limited liability of shareholders: transferable ownership rights, ability to acquire capital, continuous life, corporate management professional manage
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