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Textbook Notes for ACCT - Accounting at Howard University


HU, HOWARDACCT 202WellsSpring

ACCT 202 Chapter 19: Acct Chapter 19

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HU, HOWARDACCT 202WellsSpring

ACCT 202 Chapter Notes - Chapter 6: Bank Statement, Petty Cash, Accounts Receivable

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HU, HOWARDACCT 202WellsSpring

ACCT 202 Chapter Notes - Chapter 1: International Accounting Standards Board, International Financial Reporting Standards, Conceptual Framework

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HU, HOWARDACCT 202WellsSpring

ACCT 202 Chapter 21: Acct Chapter 21

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Management uses budgets to monitor and control operations. Compare actual with budget and analyze any differences. Prepared for a single planned level
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HU, HOWARDACCT 202WellsSpring

ACCT 202 Chapter 5: Chapter 5 notes

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HU, HOWARDACCT 202WellsSpring

ACCT 202 Chapter Notes - Chapter 4: List Of Auto Parts, Net Income, Sports Equipment

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Example: sporting goods, clothing, and auto parts stores. Net sales - cogs = gross profit - expenses = net income. Begins with the purchase of merchand
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HU, HOWARDACCT 202WellsSpring

ACCT 202 Chapter Notes - Chapter 17: Deutsche Luft Hansa

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Oh can be assigned to production in 1 of 3 ways: Plantwide oh rate = ttl budgeted oh costs / ttl budgeted dlh (direct labor hrs) 4,800,000 / 100,000 dl
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HU, HOWARDACCT 202WellsSpring

ACCT 202 Chapter Notes - Chapter 2: General Ledger, Accounting Equation, Trial Balance

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HU, HOWARDACCT 202WellsSpring

ACCT 202 Chapter Notes - Chapter 3: Financial Statement, Current Liability, Profit Margin

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C1: explain the importance if periodic reporting and the time period assumption. Time period assumption: presumes that an org"s activities can be divid
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HU, HOWARDACCT 202WellsSpring

ACCT 202 Chapter Notes - Chapter 11: Dividend, Legal Personality, Preferred Stock

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The number of shares issued * par value per share in the common stock account. The remainder is assigned to paid-in capital in excess of par value, The
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HU, HOWARDACCT 202WellsSpring

ACCT 202 Chapter Notes - Chapter 7: Matching Principle, Accounts Receivable, Financial Statement

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Uncollectable amounts are referred to as ad debts. There are 2 methods of account bad debts: ad debts. There are 2 methods of account bad debts: Record
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HU, HOWARDACCT 202WellsSpring

ACCT 202 Chapter Notes - Chapter 20: Budget, Management Accounting, Accounts Payable

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Promotes analysis and a focus on the future. Provides a basis for evaluating performance against past or expected results. Continuous budgeting: practi
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