Chapter 1 – Introduction to Financial Accounting Learning Objectives: After studying Chapter 1‚ you should be able to * Discuss the different classifications of financial transactions * Define an equity investor and a debt investor and understand the difference * Discuss the role of the Securities and Exchange Commission * Name the Big Four accounting firms and define the term “independent auditor” * Define corporate governance * Discuss GAAP and IFRS and the concept of
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Chapter 1 Notes The impulse to move is the raw material that cultures shapes into evocative sequences of physical activity that we call DANCE -So intensely personal is dance‚ so closely linked to cultural identity. -Some people disagree abou the meaning and value of dance that is results in confusion‚ anger‚ and violence. Cambodia- -The royal treasury supported thousands of court dancers who played a central role in the fertility rights and ancestor worship. -King jayavarman VII paid honor
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Chapter 1 A big part of nomadic tribes becoming settled was their access to food. When they initially began their settlements‚ they were small houses with barns close by‚ they would grow simple crops such as corn and beans. These dwellings developed‚ over thousands of years‚ into fully functioning societies. One of the more notable groups of settlers were the Anasazi. The Anasazi had developed multi-level‚ apartment-like complexes. They would create earthen dams to utilize the little water provided
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Chapter 1 Data and Statistics Learning Objectives 1. Obtain an appreciation for the breadth of statistical applications in business and economics. 2. Understand the meaning of the terms elements‚ variables‚ and observations as they are used in statistics. 3. Obtain an understanding of the difference between categorical
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Chapter 1: The Meeting of Cultures Beginnings of America: • Nearly 12‚000-14‚000 years ago / 9000 BC migrations reached the southern tip of South America / 15th century AD = contact with Europeans -> brought with them diseases (smallpox) ended in: demographic catastrophe‚ weakened societies‚ aided Spanish/ Portuguese exploration America before Columbus: • Adaptation to surroundings = nomadic bands‚ hunting‚ fishing‚ agriculture -> created civilizations • Population: a lot more people
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Christy Stroud/CIST 1305/Chapter 1 Assignment #2. Write a program that computes and displays a 15 percent tip when the price of a meal is input by the user. (Hint: the tip is computed by multiplying the price of the meal by 0.15.) Declare MealPrice as a float Declare Tip as a float Write “Enter price of meal:” Input MealPrice (get price to calculate) Set Tip = MealPrice * 0.15 (calculate) Write MealPrice (output data) #3 Write a program that converts a temperature input in degrees Celsius
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Chapter 1 INTRODUCTION Technology made a huge impact on the changing world generation. The rise of this technology gave an easy and hassle free work between and among humans. The investors develop these technologies to serve people. The technology can perform tasks that make the work easy with a little time consumed. Because of these technologies‚ some companies and establishments are using machines while others are still working manually. As the technologies grow‚ gadgets became popular.
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Exchange: two or more parties with a desire and ability to exchange and a way to communicate. Marketing Mix: Product Symbolism: what a product or brand means to consumers and what they experience when is using it. Brand equity: intangible value‚ image or goodwill towards a brand INdirect Channels: distribution through a network of whosalers or retailers Direct channels: bring to consumers direcly through distribution means like the internet Promotional Mix: advertising‚ direct
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CHAPTER 1 MANAGERIAL ACCOUNTING‚ TYPES AND ETHICS. 1) Managerial Accounting: Firms internal accounting system and designed to support the information needs of managers in order to make decisions. Not bound by GAAP. a) Managerial accounting has 3 objectives: i) To provide information for planning organization actions ii) To provide information for controlling organization actions. iii) To provide information for making effective decisions. b) Reports that help mangers that are nonfinancial are:
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CHAPTER 1 Financial Accounting and Accounting Standards ASSIGNMENT CLASSIFICATION TABLE Topics 1. 2. 3. 4. 5. Subject matter of accounting. Environment of accounting. Role of principles‚ objectives‚ standards‚ and accounting theory. Historical development of GAAP. Authoritative pronouncements and rulemaking bodies. Role of pressure groups. Ethical issues. Questions 1 2‚ 3‚ 29 4‚ 5‚ 6‚ 7 8‚ 9‚ 10‚ 11 12‚ 13‚ 14‚ 15‚ 16‚ 17‚ 18‚ 19‚ 20‚ 21‚ 22‚ 23 23‚ 24‚ 25‚ 26‚ 27‚ 28 30 Cases 4 6‚ 7 1‚ 2‚ 3‚ 5 8
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