Chapter 1 Notes: Accounting & the Business Environment Accounting: The information system that measures business activities‚ processes the information into reports‚ and communicates the results to decision makers. Two Major Fields of Accounting: 1) Financial Accounting: The field of accounting that focuses on providing information for external decision makers. 2) Managerial Accounting: The field of accounting that focuses on providing information for internal decision makers. Certified
Premium Generally Accepted Accounting Principles Balance sheet Income statement
Derek Greenfield Intermediate Accounting I 3/2/2012 CA1-1.) 1. True 2. False‚ must comply with all standards and interpretations including disclosure requirements 3. True 4. False‚ FASB must operate in full view of public through a “due process” system that gives interested parties ample opportunity to make their views known CA1-3.) 1. D 2. A 3. D 4. B 5. A 6. B 7. A 8. B E2-5.) Assets- F Liabilities- B Equity- I Investment by owners-
Premium Generally Accepted Accounting Principles Balance sheet 1979
Zachary Duffy Hampton Machine Tool Company From the point of view as the bank creditor‚ Jerry Eckwood‚ a determination must be made of whether Hampton Machine Tool Company should receive an extension of their original loan of $1 million‚ as well as an additional loan of $350‚000. After research and careful consideration and extraneous research and forecasting‚ we‚ St. Louis National Bank‚ as well as myself‚ Jerry Eckwood‚ have determined to reject Hampton Machine Tool Company’s loan request‚ as
Premium Generally Accepted Accounting Principles Balance sheet Financial ratios
currency) Monetary Aggregates • M1- ($2.68 trillion) Currency‚ coins‚ checking account‚travelers checks • M2-($11.13 trillion) Everything in M1 plus sav acct‚ money mkt acct‚ money mkt mutual funds‚ small CDs Money Vs. Credit • Debit card- Access to own money • Credit card- Access to pre-arranged loan 1. Money in checking and sav acct is part of money supply 2. When money is deposited bank loans it out‚ not all of it 3. Bank keeps reserve 4. Required reserve is amount of reserve bank
Premium Monetary policy Money Central bank
American Investment Management Services (AIMS) Teaching Commentary Overview THIS CASE DEALS WITH CUSTOMER PROFITABILITY ANALYSIS IN THE RETAIL INVESTMENT SERVICES BUSINESS IN THE YEAR 2000. IT IS BASED ON A LARGE AND WELL-KNOWN FIRM THAT PREFERS TO REMAIN ANONYMOUS. There are three distinct “layers” to the case. At the first level‚ the issue is ABC analysis for selected “problem customers.” The case illustrates a simplified version of an ABC system actually installed at the company
Premium Mathematics Question
FINANCIAL ACCOUNTING REPORT – TEAM 8 CASE ANALYSIS OF WAL-MART INC AND TARGET CORPORATION SUBMITTED BY: Amaresh Chandra Panda K H Gupta Mehul Shah SNDS Ramanish Sadhu Upasana Patra Table of Contents EXECUTIVE SUMMARY ....................................................................................................................... 2 RATIO ANALYSIS ................................................................................................................................ 2 PROFITABILITY
Premium
Chapter 3 Exercise / Problems: #1 p. 113 1. [Business Organization and Intellectual Property] Phil Young‚ founder of the Pedal Pushers Company‚ has developed several prototypes of a pedal replacement for children’s bicycles. The Pedal Pusher will replace existing bicycle pedals with an easy-release stirrup to help smaller children hold their feet on the pedals. The Pedal Pusher will glow in the dark and will provide a musical sound as the bicycle is pedaled. Phil plans to purchase materials for
Premium Revenue Generally Accepted Accounting Principles Financial ratios
Suggests alternative phrasing and sentence structure Provides detailed stylistic diagnostics Angus Jones & Partners‚ LLC Financials – Balance Sheet Assets Current Assets Cash & equiv Accts Receivable Inventories Other Total CA 2010 2009 290 251 459 428 411 425 59 50 1219 1154 Liabilities Current Liabilities Accts Payable Notes Payable Accrued Expenses Total CL Long Term Liabilities Deferred Taxes Long Term Debt Total LT Liab Total Liab SE/OE 2010 262 71 158 491 2009 245 66 257 568 212
Premium Computer Operating system Personal computer
1. University of Texas-Austin The University of Texas requires certain prerequisites for admission into the MPA program. The following undergraduate courses are prerequisites for the MPA program and should be completed‚ with a passing grade‚ prior to enrollment: Principles of Macroeconomics Analysis of the economy as a whole (its organization and the basic forces influencing its growth and development); money and banking‚ national income‚ public finance‚ and international linkages. Principles
Free Bachelor's degree Academic degree Bachelor of Science
TABLE OF CONTENTS - CHAPTER 11 I. CHAPTER 11 – INVENTORY 1 II. OVERVIEW AND OBJECTIVES 1 A. Overview 1 B. Objectives 1 III. DEFINITION OF INVENTORY 1 IV. INTERNAL CONTROLS 2 V. ESTABLISHING AND MAINTAINING AN INVENTORY 2 VI. VALUING THE INVENTORY 4 A. FIFO 5 B. Weighted Average 6 VII. YEAR-END PHYSICAL INVENTORY 7 VIII. EXHIBITS 8 CHAPTER 11 – INVENTORY The purpose of this chapter of The Guide is to explain the concept of inventory and to discuss the policies‚ guidelines
Premium Inventory