should review before taking the exam. GOOD LUCK! CHAPTER 1 1. Know the 3 forms of business entities 2. Know the definitions of revenues and expenses 3. Know the difference between internal and external users 4. FASB – responsible for GAAP (accounting principles) 5. Accounting Equation 6. Know the 3 activities that business engage in and give examples of each activity. (These 4 questions also relate to Chapter 12‚ The Statement of Cash Flows) 7. The International Accounting Standards
Premium Balance sheet Generally Accepted Accounting Principles
ACCG399 Accounting in Context Macquarie City Campus Unit Guide Offered in Session 2‚ Undergraduate‚ City 2013 General Information Convenor and teaching staff: Lecturer –in-Charge: Email: Adrian Koit Adrian.Koit@mqc.edu.au Credit Points 3 Prerequisites ACCG224(P) and 42cp Corequisites N/A Co-badged status This unit is not co-badged. Contacting Staff Please use email as the first form of contact. Students are required to send all enquiries about the unit to the staff
Premium The Unit Student Accountancy
arrangement. The provision is dependent upon whether or not there is a “material adverse change” in Big Bear’s financial condition. The Company believes the likelihood of default is remote and the bank has no relationship with the lessor. Provision 3: The lease agreement states that Big Bear’s annual lease payment must be $1 million per year and it is increased (but not decreased) by the same rate increase in the Consumer Price Index (CPI). These increasing levels of payments are ratably over 12
Premium Lease Money
Australasian Accounting Business and Finance Journal Volume 4 Issue 3 Australasian Accounting Business and Finance Journal Article 4 Accounting Students’ Reflections on a Regional Internship Program Bonnie Cord Swinburne University of Technology Graham Bowrey University of Wollongong‚ gbowrey@uow.edu.au Mike Clements Swinburne University of Technology Follow this and additional works at: http://ro.uow.edu.au/aabfj Copyright ©2010 Australasian Accounting Business and Finance Journal and Authors
Free Education Reflection Cooperative education
Brief Exercise 11.1 Alpha Company Stockholders Equity section of the Balance Sheet Issued and outstanding common stock (10‚000 * 10) 100‚000 Additional paid-in capital (10‚000 * 3) 30‚000 Total paid-in capital 130‚000 Retained Earnings 75‚000 Total Stockholder Equity 205‚000 Brief Exercise 11.2 Beta Company Stockholders Equity section of the Balance Sheet Issued and outstanding common stock (10‚000 * 25) 250‚000 Issued and outstanding preferred stock (10‚000 * 100) 100
Premium Stock market Corporate finance Stock
Assignment 1 Review of Accounting Ethics Strayer University Financial Accounting ACC 557 May 1‚ 2013 Assignment 1 Review of Accounting Ethics Imagine trusting your hard-earned money like your retirement savings to a financial adviser or Certified Public Accountants (CPA) only to lose it all in a fraudulent Ponzi scheme. In today’s world of business many organizations‚ financial planners and accountants are in the news due to the financial ethical breaches that have affected their customers
Premium Bernard Madoff Ponzi scheme
With contract costing‚ every contract and each development will be accounted for separately; and does‚ in many respects‚ contain the features of a job costing situation. 3. Work is frequently site based and takes a long time to complete & may spread over two or more of the contractor’s accounting years. Accounting Considerations - Contract Account - Contract Profit and Loss Account - Contractee Account (e.g. Government of Jamaica) - Balance Sheet Extract Contract Account A separate
Premium Contract Contractual term
company had four producing divisions and a timberland division‚ which supplied part of the company’s pulp requirements. For several years each division had been judged independently on the basis of its profit and return on investment. Top management had been working to gain effective results from a policy of decentralizing responsibility and authority for all decisions but those relating to overall company policy. The company’s top officials believed that in the past few years the concept
Premium
CHAPTER 3 Matching Quiz E 1. Employee’s FICA Tax Rates D 2. Form SS-4 H 3. Semi Weekly Depositor J 4. Taxable for FICA A 5. Non Taxable for FICA I 6. Self-Employed’s FICA Tax Rates C 7. Form 941 B 8. Monthly Depositor G 9. Taxable Wage Base F 10. Form SS-5 CHAPTER 3 Review Questions 1. If the person employs 1 or more individuals for performances of services in the US unless such services or employment are specifically exempt by law. 2. Defined by the common-law
Premium Tax Taxation in the United States Employment
Compendium of Accounting Standards (including Interpretations as on July 1‚ 2006) THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA NEW DELHI COPYRIGHT © THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA All rights reserved. No part of this publication may be translated‚ reprinted or reproduced or utilised in any form either in whole or in part or by any electronic‚ mechanical or other means‚ including photocopying and recording‚ or in any information storage and retrieval system‚ without
Premium International Financial Reporting Standards Balance sheet Audit