Teaching Asst.
Office Hours
Wednesday
11:45-12:45
4-5PM
wxw107020@utdallas.edu
Final EXAM
December 19 (1-3:45) JSOM2.106
Fin. ST. Analysis Protect
Industry name
Company name1 ----- student1 2 2 3 3 4 4
Class1-5 content:
Introduction to Accounting
Business activities and financial statements
Balance sheet valuation rules
Income statement valuation rules
Transaction analysis --- prepare fin statement
Mallard Clothing --- Prepare fin statement
Statement of cash flows (problem5-62)
Articles of statement of cash flows
Exam Format
1. Mallard clothing type problem
2. SOCF operating (Indirect method)
3. True/False ---- Descriptive material (Sample, Elearning, 1-4)
CLASS 1
What is Accounting?
Accounting is a system of measuring and reporting results of business activities to interested users.
Uses Decision Accounting reports
1. lenders(bank) lend? Interest? Income statement (profitability) statement of cash flows(sources and users of cash) balance sheet(Assets, liabilities) 3↑financial statements ↑Annual reports(1.notes to financial statement 2. decision of business)
2.managers Cash flows? Cash budget (predictions of cash inflow/outflow)
3.investors buy or sell stocks Financial statements of a company?
4.Government Income tax? Income statement Tax returns(tax rules) → IRS( Internal Revenue services) ↑significant different from income statement
5.Suppliers
6.Employees
7.Credit Rating companies
(about paying back loans)
Managerial Financial
Users Internal