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The document discusses accounting principles and concepts. It defines a business and the role of accounting in providing financial information to internal and external users. Accounting principles such as GAAP, the business entity concept, and forms of business organization are summarized. The accounting equation is defined, showing that assets must equal liabilities plus owner's equity. Business transactions are provided as examples to illustrate how the elements of the accounting equation are affected.
This document is a financial analysis of Apple Inc. prepared by Radoslav Petrov for an MBA course. It analyzes Apple's financial statements from 2003-2007, calculating various ratios to assess the company's performance and financial position. Key findings include Apple's assets quadrupling over this period due to strong revenue growth. Current assets make up the vast majority of Apple's assets. The analysis also shows growing net income and cash flows from operations, with Apple outperforming competitors on many measures.
Certified Public Accountant (CPA) is a title granted to accountants in the United States who have passed the Uniform CPA Examination and met additional state requirements. CPAs provide assurance services like auditing financial statements to verify accuracy. While most states restrict the title of CPA, a few states allow other designations like Public Accountant for those who perform similar work. Obtaining the CPA license involves passing the exam and fulfilling education and experience requirements that vary by state. CPAs work in various fields like auditing, taxation, consulting, and corporate finance.
Libranda es una plataforma de distribución digital que almacena y transmite archivos electrónicos de editoriales a tiendas minoristas en línea. Comenzó en 2010 con la misión de liderar la transformación digital del contenido en español. Ofrece servicios logísticos y comerciales a editoriales, y proporciona a tiendas acceso a un amplio catálogo.
This document is a product catalog from SATEC, a global leader in energy management systems, that provides an overview of their energy management solutions. It describes their portfolio of products including basic power meters, revenue meters with power quality analysis capabilities, multi-tenant submetering solutions, and feeder monitoring instruments. The catalog highlights key features of their solutions and how they can benefit utilities, commercial/industrial customers, and help enable smart grid applications and energy efficiency.
O documento discute a publicação "Ouro Virgem" do Museu da Oliveira e do Azeite de Mirandela. A revista pretende explorar aspectos culturais da região através de textos e imagens sobre comportamentos, práticas sociais, memórias e imaginários locais usando abordagens de antropologia, história e sociologia. A revista também dará espaço às artes como fotografia, desenho e pintura.
From the server room to the board room, there is a lot of talk about “the cloud” — and for good reason. The cloud offers organizations — and their information technology (IT) staffs, in particular — a number of important benefits ranging from increased efficiencies to scalability. Taking advantage of these benefits requires understanding the various cloud models available and how they can best meet your organization’s specific needs.
Drive sales online and in-store with vouchercloud, the UK's number one mobile voucher platform. Vouchercloud allows merchants to create mobile and SMS voucher offers and coupon codes that consumers can discover, download, and redeem both online and in physical stores. Merchants can manage their vouchercloud campaigns and offers through a powerful online dashboard providing analytics on redemptions.
_ acústica musical_ clasificación de los instrumentos musicales ___choco1986
Este documento describe las diferentes clasificaciones de los instrumentos musicales. La clasificación tradicional divide los instrumentos en viento, cuerda y percusión, pero esta clasificación tiene defectos. El documento luego describe la clasificación más precisa propuesta por Hornbostel y Sachs en 1914, la cual divide los instrumentos en cinco grandes categorías (aerófonos, cordófonos, idiófonos, membranófonos y electrófonos) dependiendo de sus principios acústicos. Finalmente, se incluye una tabla detallada con esta clasificación de Horn
This document is a financial analysis of Apple Inc. prepared by Radoslav Petrov for an MBA course. It analyzes Apple's financial statements from 2003-2007, calculating various ratios to assess the company's performance and financial position. Key findings include Apple's assets quadrupling over this period due to strong revenue growth. Current assets make up the vast majority of Apple's assets. The analysis also shows growing net income and cash flows from operations, with Apple outperforming competitors on many measures.
Certified Public Accountant (CPA) is a title granted to accountants in the United States who have passed the Uniform CPA Examination and met additional state requirements. CPAs provide assurance services like auditing financial statements to verify accuracy. While most states restrict the title of CPA, a few states allow other designations like Public Accountant for those who perform similar work. Obtaining the CPA license involves passing the exam and fulfilling education and experience requirements that vary by state. CPAs work in various fields like auditing, taxation, consulting, and corporate finance.
Libranda es una plataforma de distribución digital que almacena y transmite archivos electrónicos de editoriales a tiendas minoristas en línea. Comenzó en 2010 con la misión de liderar la transformación digital del contenido en español. Ofrece servicios logísticos y comerciales a editoriales, y proporciona a tiendas acceso a un amplio catálogo.
This document is a product catalog from SATEC, a global leader in energy management systems, that provides an overview of their energy management solutions. It describes their portfolio of products including basic power meters, revenue meters with power quality analysis capabilities, multi-tenant submetering solutions, and feeder monitoring instruments. The catalog highlights key features of their solutions and how they can benefit utilities, commercial/industrial customers, and help enable smart grid applications and energy efficiency.
O documento discute a publicação "Ouro Virgem" do Museu da Oliveira e do Azeite de Mirandela. A revista pretende explorar aspectos culturais da região através de textos e imagens sobre comportamentos, práticas sociais, memórias e imaginários locais usando abordagens de antropologia, história e sociologia. A revista também dará espaço às artes como fotografia, desenho e pintura.
From the server room to the board room, there is a lot of talk about “the cloud” — and for good reason. The cloud offers organizations — and their information technology (IT) staffs, in particular — a number of important benefits ranging from increased efficiencies to scalability. Taking advantage of these benefits requires understanding the various cloud models available and how they can best meet your organization’s specific needs.
Drive sales online and in-store with vouchercloud, the UK's number one mobile voucher platform. Vouchercloud allows merchants to create mobile and SMS voucher offers and coupon codes that consumers can discover, download, and redeem both online and in physical stores. Merchants can manage their vouchercloud campaigns and offers through a powerful online dashboard providing analytics on redemptions.
_ acústica musical_ clasificación de los instrumentos musicales ___choco1986
Este documento describe las diferentes clasificaciones de los instrumentos musicales. La clasificación tradicional divide los instrumentos en viento, cuerda y percusión, pero esta clasificación tiene defectos. El documento luego describe la clasificación más precisa propuesta por Hornbostel y Sachs en 1914, la cual divide los instrumentos en cinco grandes categorías (aerófonos, cordófonos, idiófonos, membranófonos y electrófonos) dependiendo de sus principios acústicos. Finalmente, se incluye una tabla detallada con esta clasificación de Horn
El documento describe los routers, dispositivos de interconexión de redes que permiten el enrutamiento asegurando la ruta más eficiente para los paquetes. Explica que los routers operan a nivel de red del modelo OSI utilizando direcciones IP y diferentes modos de acceso. También describe varios algoritmos de enrutamiento como el vector distancia y el estado de enlace, así como protocolos de enrutamiento dinámicos como RIP, OSPF, IGRP y EIGRP.
El documento lista diferentes opciones y precios de pasteles y tortas para eventos como quinceañeras, comuniones, bautizos y fiestas infantiles. Los pasteles varían en número de pisos, decoraciones y figuras especiales, y los precios van desde $2400 hasta $4500. También ofrece tortas temáticas infantiles como de osos, autos o basquetbol, cuyos precios parten de $360 por un mínimo de 4 kilos.
La comunicación es una herramienta social importante para relacionarse con los demás. Existen diferentes formas y canales de comunicación, ya sea comunicación interna (con uno mismo) o externa (con los demás). Una comunicación efectiva requiere escucha, comprensión y habilidades como la empatía, asertividad y resiliencia.
The Bohemian teenagers find themselves lost in the strange desert town of Strangetown after forgetting to bring maps. The locals warn them that they are not supposed to be there and must hide from the authorities before curfew. The teens agree to sleep in an abandoned factory for the night while trying to figure out how to leave in the morning, as the locals say it is impossible to get past the checkpoints surrounding the town.
El programa "Idiomas y Juventud" ha permitido que más de 35.000 estudiantes andaluces hayan participado en cursos de verano de dos semanas en Gran Bretaña, Francia o Alemania durante los últimos 8 años. El programa tiene como objetivo sumergir a los estudiantes en la cultura del país anfitrión más que enseñarles solo el idioma. Los estudiantes reciben clases diarias, excursiones y actividades, y el programa cubre todos los gastos. El programa se ha ampliado en los últimos años para incluir intercambios escol
This document discusses relationship marketing and its impact on organizational performance. It explores the theoretical foundations of relationship marketing and examines how adopting this concept affects performance indicators. Relationship marketing focuses on creating and sustaining long-term relationships with customers through mutual cooperation rather than short-term transactions. When organizations implement relationship marketing successfully through internal marketing and keeping promises to customers, it can lead to improved customer loyalty, retention and positive word-of-mouth, ultimately improving organizational performance. Interactive marketing and developing trust, empathy and reciprocity in customer relationships are important aspects of relationship marketing discussed in the document.
El documento discute el papel de la media mañana y la merienda en una dieta equilibrada, recomendando incluir dos colaciones diarias además de las tres comidas principales. Explica que las colaciones deben aportar entre un 10-15% de la energía diaria total y estar compuestas de alimentos como un bocadillo con jamón serrano, queso o atún y fruta. Compara este enfoque tradicional con alternativas como bollería industrial y snacks, concluyendo que el primero ofrece un mejor perfil nutricional.
Análisis del discurso de Alan García en Ayabacacinthiapena
En su discurso en Ayabaca, Alan García se identifica con los asistentes al mencionar que es su primera visita a la provincia. Destaca la historia del APRA combatiendo el imperialismo y proponiendo una democracia con justicia social. Resalta que el APRA, a diferencia de otros partidos, realmente ha apoyado a los agricultores y que continuará haciéndolo si es elegido, respetando la voluntad del pueblo de Ayabaca.
Este documento describe cómo elaborar presupuestos de manera efectiva. Explica que un presupuesto es un cálculo anticipado de los costos, gastos e ingresos de un proyecto o negocio. Detalla diferentes tipos de presupuestos como los presupuestos por secciones, funciones y programas. Resalta la importancia de considerar unidades de insumos, producción y compuestas, así como fuentes de información, al elaborar un presupuesto preciso.
Uni-Port Services Pte Ltd is a leading supplier of heavy and light duty maritime port equipment in Singapore such as container handling equipment, forklifts, tires, and industrial lighting. They also provide spare parts for port equipment and offer services including maintenance, repair, installation, and engineering services. Uni-Port aims to ensure high quality, reliability, and customer satisfaction by developing tailored solutions and providing professional service through their experienced team.
Somos una empresa de Soluciones en impresión en oficinas a bajo costo en el estado de Chihuahua, renta de equipo de impresión, copiadoras, multifuncionales, soporte a equipos de impresión y copiado, programación de software en impresoras y multifuncionales.
Este documento presenta un catálogo de productos para terminaciones en la construcción, incluyendo juntas de dilatación, tarugos, celosías, zócalos, barras para clósets y baños, topes de puerta y gradas de PVC para escaleras. El catálogo también incluye especificaciones técnicas e información de colores para cada producto.
El documento describe el rol del tutor en entornos virtuales. Explica que el tutor debe desempeñarse como docente, comunicador y orientador para sostener a los estudiantes. También debe promover la integración del grupo, mantener claro el objetivo del curso, estimular el análisis de materiales y establecer un marco de trabajo organizado. Finalmente, señala que es necesario que los tutores virtuales puedan contener a los estudiantes para generar autonomía y pertenencia en estos nuevos entornos de aprendizaje.
Slideshare ¿cómo el marketing digital beneficia la industria de restaurantes?MASDigital
El marketing digital puede beneficiar a la industria de restaurantes al permitirles posicionarse a bajo costo, estar más cerca de los clientes y ofrecerles promociones y ofertas especiales que atraigan nuevos clientes. Las estrategias recomendadas incluyen ofrecer promociones en línea, optimizar el posicionamiento en buscadores mediante la creación de contenido relevante, y desarrollar aplicaciones móviles para mejorar la experiencia de los clientes.
Los presupuestos teóricos de Edgar Allan Poe sobre el hecho literarioKelita Vanegas
Este documento analiza los presupuestos teóricos de Edgar Allan Poe sobre la literatura. Establece una jerarquía en la que la poesía está en la cima, seguida del cuento y por último las obras realistas. Argumenta que las obras literarias deben cumplir condiciones como la libertad del autor, pureza, armonía, universalidad y generarse a partir de un efecto único. También destaca la importancia de la unidad de impresión, extensión equilibrada y elaborada ejecución. Define la originalidad como la capacidad de
Accounting in Business - Introduction to Beginnerssaerah8899
This document outlines key concepts in accounting including:
1. It defines a business as an organization that assembles resources to provide goods/services and aims to earn a profit.
2. Accounting provides internal and external users with financial information about a business's economic activities and condition.
3. Accountants must follow generally accepted accounting principles (GAAP) and act ethically to provide useful information to users.
4. Key concepts in accounting include recording transactions at cost, using objective evidence, and expressing amounts in monetary units.
The document discusses internal controls over cash, including controls over cash receipts and payments. It describes how businesses use bank accounts to help control cash. A key control is the bank reconciliation, which is an analysis of the differences between the bank statement balance and the company's cash records. It involves adjusting the bank balance for items like deposits in transit and outstanding checks to calculate the adjusted cash balance. Preparing regular bank reconciliations helps ensure accurate recording of cash transactions.
1. The document discusses stockholders' equity, the different types of stock (common and preferred), and accounting entries related to issuing stock, cash dividends, and stock dividends.
2. It describes key characteristics of corporations including separate legal status, transferable ownership shares, and limited liability for stockholders. Common stockholders have rights to voting and distributions, while preferred stockholders have dividend preference.
3. The document provides examples of accounting entries for issuing stock at par value and at a premium or discount to par, and for declaring and paying cash and stock dividends.
This document provides information about ratio analysis and various ratio formulas. It begins by explaining that ratio analysis is used to gain insight into a company's financial health and performance by comparing quantitative information from financial statements. It then lists and defines various types of ratios including liquidity ratios, profitability ratios, working capital ratios, capital structure ratios, and overall profitability ratios. For each ratio type, formulas to calculate specific ratios like current ratio, return on investment, debt equity ratio, and overall profitability ratio are provided.
The document outlines accounting concepts including accounts, the chart of accounts, journal entries, and posting journal entries to accounts. It provides examples of various business transactions and their impact on the accounting equation. Learning objectives are described to understand accounts and the double-entry accounting system, as well as journalizing, posting transactions, and using horizontal analysis to evaluate performance.
El documento describe los routers, dispositivos de interconexión de redes que permiten el enrutamiento asegurando la ruta más eficiente para los paquetes. Explica que los routers operan a nivel de red del modelo OSI utilizando direcciones IP y diferentes modos de acceso. También describe varios algoritmos de enrutamiento como el vector distancia y el estado de enlace, así como protocolos de enrutamiento dinámicos como RIP, OSPF, IGRP y EIGRP.
El documento lista diferentes opciones y precios de pasteles y tortas para eventos como quinceañeras, comuniones, bautizos y fiestas infantiles. Los pasteles varían en número de pisos, decoraciones y figuras especiales, y los precios van desde $2400 hasta $4500. También ofrece tortas temáticas infantiles como de osos, autos o basquetbol, cuyos precios parten de $360 por un mínimo de 4 kilos.
La comunicación es una herramienta social importante para relacionarse con los demás. Existen diferentes formas y canales de comunicación, ya sea comunicación interna (con uno mismo) o externa (con los demás). Una comunicación efectiva requiere escucha, comprensión y habilidades como la empatía, asertividad y resiliencia.
The Bohemian teenagers find themselves lost in the strange desert town of Strangetown after forgetting to bring maps. The locals warn them that they are not supposed to be there and must hide from the authorities before curfew. The teens agree to sleep in an abandoned factory for the night while trying to figure out how to leave in the morning, as the locals say it is impossible to get past the checkpoints surrounding the town.
El programa "Idiomas y Juventud" ha permitido que más de 35.000 estudiantes andaluces hayan participado en cursos de verano de dos semanas en Gran Bretaña, Francia o Alemania durante los últimos 8 años. El programa tiene como objetivo sumergir a los estudiantes en la cultura del país anfitrión más que enseñarles solo el idioma. Los estudiantes reciben clases diarias, excursiones y actividades, y el programa cubre todos los gastos. El programa se ha ampliado en los últimos años para incluir intercambios escol
This document discusses relationship marketing and its impact on organizational performance. It explores the theoretical foundations of relationship marketing and examines how adopting this concept affects performance indicators. Relationship marketing focuses on creating and sustaining long-term relationships with customers through mutual cooperation rather than short-term transactions. When organizations implement relationship marketing successfully through internal marketing and keeping promises to customers, it can lead to improved customer loyalty, retention and positive word-of-mouth, ultimately improving organizational performance. Interactive marketing and developing trust, empathy and reciprocity in customer relationships are important aspects of relationship marketing discussed in the document.
El documento discute el papel de la media mañana y la merienda en una dieta equilibrada, recomendando incluir dos colaciones diarias además de las tres comidas principales. Explica que las colaciones deben aportar entre un 10-15% de la energía diaria total y estar compuestas de alimentos como un bocadillo con jamón serrano, queso o atún y fruta. Compara este enfoque tradicional con alternativas como bollería industrial y snacks, concluyendo que el primero ofrece un mejor perfil nutricional.
Análisis del discurso de Alan García en Ayabacacinthiapena
En su discurso en Ayabaca, Alan García se identifica con los asistentes al mencionar que es su primera visita a la provincia. Destaca la historia del APRA combatiendo el imperialismo y proponiendo una democracia con justicia social. Resalta que el APRA, a diferencia de otros partidos, realmente ha apoyado a los agricultores y que continuará haciéndolo si es elegido, respetando la voluntad del pueblo de Ayabaca.
Este documento describe cómo elaborar presupuestos de manera efectiva. Explica que un presupuesto es un cálculo anticipado de los costos, gastos e ingresos de un proyecto o negocio. Detalla diferentes tipos de presupuestos como los presupuestos por secciones, funciones y programas. Resalta la importancia de considerar unidades de insumos, producción y compuestas, así como fuentes de información, al elaborar un presupuesto preciso.
Uni-Port Services Pte Ltd is a leading supplier of heavy and light duty maritime port equipment in Singapore such as container handling equipment, forklifts, tires, and industrial lighting. They also provide spare parts for port equipment and offer services including maintenance, repair, installation, and engineering services. Uni-Port aims to ensure high quality, reliability, and customer satisfaction by developing tailored solutions and providing professional service through their experienced team.
Somos una empresa de Soluciones en impresión en oficinas a bajo costo en el estado de Chihuahua, renta de equipo de impresión, copiadoras, multifuncionales, soporte a equipos de impresión y copiado, programación de software en impresoras y multifuncionales.
Este documento presenta un catálogo de productos para terminaciones en la construcción, incluyendo juntas de dilatación, tarugos, celosías, zócalos, barras para clósets y baños, topes de puerta y gradas de PVC para escaleras. El catálogo también incluye especificaciones técnicas e información de colores para cada producto.
El documento describe el rol del tutor en entornos virtuales. Explica que el tutor debe desempeñarse como docente, comunicador y orientador para sostener a los estudiantes. También debe promover la integración del grupo, mantener claro el objetivo del curso, estimular el análisis de materiales y establecer un marco de trabajo organizado. Finalmente, señala que es necesario que los tutores virtuales puedan contener a los estudiantes para generar autonomía y pertenencia en estos nuevos entornos de aprendizaje.
Slideshare ¿cómo el marketing digital beneficia la industria de restaurantes?MASDigital
El marketing digital puede beneficiar a la industria de restaurantes al permitirles posicionarse a bajo costo, estar más cerca de los clientes y ofrecerles promociones y ofertas especiales que atraigan nuevos clientes. Las estrategias recomendadas incluyen ofrecer promociones en línea, optimizar el posicionamiento en buscadores mediante la creación de contenido relevante, y desarrollar aplicaciones móviles para mejorar la experiencia de los clientes.
Los presupuestos teóricos de Edgar Allan Poe sobre el hecho literarioKelita Vanegas
Este documento analiza los presupuestos teóricos de Edgar Allan Poe sobre la literatura. Establece una jerarquía en la que la poesía está en la cima, seguida del cuento y por último las obras realistas. Argumenta que las obras literarias deben cumplir condiciones como la libertad del autor, pureza, armonía, universalidad y generarse a partir de un efecto único. También destaca la importancia de la unidad de impresión, extensión equilibrada y elaborada ejecución. Define la originalidad como la capacidad de
Accounting in Business - Introduction to Beginnerssaerah8899
This document outlines key concepts in accounting including:
1. It defines a business as an organization that assembles resources to provide goods/services and aims to earn a profit.
2. Accounting provides internal and external users with financial information about a business's economic activities and condition.
3. Accountants must follow generally accepted accounting principles (GAAP) and act ethically to provide useful information to users.
4. Key concepts in accounting include recording transactions at cost, using objective evidence, and expressing amounts in monetary units.
The document discusses internal controls over cash, including controls over cash receipts and payments. It describes how businesses use bank accounts to help control cash. A key control is the bank reconciliation, which is an analysis of the differences between the bank statement balance and the company's cash records. It involves adjusting the bank balance for items like deposits in transit and outstanding checks to calculate the adjusted cash balance. Preparing regular bank reconciliations helps ensure accurate recording of cash transactions.
1. The document discusses stockholders' equity, the different types of stock (common and preferred), and accounting entries related to issuing stock, cash dividends, and stock dividends.
2. It describes key characteristics of corporations including separate legal status, transferable ownership shares, and limited liability for stockholders. Common stockholders have rights to voting and distributions, while preferred stockholders have dividend preference.
3. The document provides examples of accounting entries for issuing stock at par value and at a premium or discount to par, and for declaring and paying cash and stock dividends.
This document provides information about ratio analysis and various ratio formulas. It begins by explaining that ratio analysis is used to gain insight into a company's financial health and performance by comparing quantitative information from financial statements. It then lists and defines various types of ratios including liquidity ratios, profitability ratios, working capital ratios, capital structure ratios, and overall profitability ratios. For each ratio type, formulas to calculate specific ratios like current ratio, return on investment, debt equity ratio, and overall profitability ratio are provided.
The document outlines accounting concepts including accounts, the chart of accounts, journal entries, and posting journal entries to accounts. It provides examples of various business transactions and their impact on the accounting equation. Learning objectives are described to understand accounts and the double-entry accounting system, as well as journalizing, posting transactions, and using horizontal analysis to evaluate performance.
The document discusses key accounting concepts like journal entries, T-accounts, debits and credits, and the double-entry accounting system. It provides examples of transactions to illustrate how the accounting equation is impacted and how to journalize entries. Specifically, it shows a transaction where an owner invested cash in a business, the purchase of land, a purchase on account, and cash received from customers. The goal is to teach how to record business transactions using debits, credits and journal entries.
1. Accounting provides financial information about a business to internal and external users through managerial and financial accounting.
2. Managerial accounting provides information to internal users to help manage the business, while financial accounting provides external users with general purpose financial statements.
3. Financial statements like the income statement, balance sheet, statement of owner's equity, and statement of cash flows are prepared using generally accepted accounting principles to communicate key financial information.
The document discusses the statement of cash flows and how to prepare one using the indirect method. It provides the following key points:
1. The statement of cash flows reports a company's cash inflows and outflows from operating, investing, and financing activities. It shows a company's ability to generate cash.
2. Under the indirect method, net income is adjusted for non-cash revenues/expenses to calculate cash flows from operating activities. Expenses like depreciation are added back and gains/losses from asset sales are removed.
3. Changes in current operating assets and liabilities are also considered, with increases in assets subtracted and increases in liabilities added to net income.
1) Current liabilities include accounts payable, the current portion of long-term debt due within one year, and short-term notes payable.
2) Payroll liabilities include wages and salaries owed to employees, as well as payroll tax liabilities such as Social Security, Medicare, unemployment taxes that are withheld from employee paychecks.
3) Payroll accounting systems use a payroll register to record employee earnings and deductions, employee earnings records to track individual pay, and journal entries to record payroll expenses and related tax liabilities.
Chapter 01 Introducting to Accounting and Bussines (TM 1).pptrogernapitupulu
The document is a presentation on accounting and business that covers several topics:
1) It describes the nature of business, the role of accounting in providing financial information to internal and external users, and the importance of ethics.
2) It discusses the development of generally accepted accounting principles by organizations like the FASB and IASB to guide financial reporting.
3) It summarizes different forms of business organization like proprietorships, partnerships, corporations, and limited liability companies, and notes their distinguishing characteristics and prevalence.
This document discusses accounting for receivables. It covers the common classes of receivables such as accounts receivable and notes receivable. It describes the direct write-off and allowance methods for accounting for uncollectible receivables. The direct write-off method records bad debt expense when an account is written off as uncollectible, while the allowance method estimates bad debt expense at the end of each period. The document also discusses estimating uncollectible accounts using the percentage of sales and aging of receivables methods.
Best Custom Essay Writing Services Online, Writing SAllison Koehn
This document provides instructions for using the Best Custom Essay Writing Services Online website to get assistance with writing assignments. It outlines a 5-step process: 1) Create an account with a password and email. 2) Complete a 10-minute order form with instructions, sources, and deadline. 3) Review bids from writers and choose one based on qualifications. 4) Review the completed paper and authorize payment if satisfied. 5) Request revisions until fully satisfied, with a refund offered for plagiarized work. The service aims to provide original, high-quality content to meet customer needs.
Chapter 01 - Principal Accounting (Warren Reeve Fess)Arfan Fahmi
This document provides an overview of accounting and business concepts. It defines key terms like assets, liabilities, owner's equity, and the accounting equation. It describes the different types of businesses and business organizations. It explains the accounting process and financial statements. It provides an example of basic business transactions and how they affect the accounting equation for a sample proprietorship.
The document defines internal and external users of accounting information and provides examples of each. It also differentiates between the main forms of business organization - sole proprietorship, partnership, and corporations. Finally, it compares and contrasts the three main types of business according to their activities - service businesses, merchandising businesses, and manufacturing businesses.
Principles of Financial Accounting Canadian 1st Edition Weygandt Solutions Ma...JeanetteMichael
- The document is the solutions manual for Chapter 1 of the textbook "Principles of Financial Accounting" by Weygandt, Kieso, Kimmel, Trenholm, Kinnear, Barlow, and Atkins.
- It provides answers to questions, explanations of concepts, and examples of accounting transactions presented in the chapter.
- The chapter introduces fundamental accounting concepts such as the accounting equation, financial statements, revenues, expenses, and how business transactions affect the accounting records of a company.
The document provides details about the final project for an accounting course. The project requires students to apply their accounting knowledge to address advanced topics through a case study of a selected company. It involves analyzing how different business entities, consolidations, estate planning, trusts, and insolvency would affect the company's financial reporting and stakeholders. The project is divided into three milestones and a final submission where students must demonstrate competencies through tasks like describing the impact of various scenarios on financial statements, outlining a company's corporate structure and tax planning strategy, and advising on the effects of potential insolvency.
The document describes the flow of accounting information from transactions through the accounting cycle and financial statements. It discusses how the unadjusted trial balance is adjusted, then used to prepare the adjusted trial balance, income statement, retained earnings statement, and balance sheet. Closing entries are made to zero out temporary accounts before preparing the post-closing trial balance.
The document discusses the adjusting process in accounting. It explains that under the accrual basis of accounting, some account balances need to be updated or "adjusted" at the end of an accounting period to properly reflect revenues and expenses in the appropriate periods. This involves analyzing accounts such as prepaid expenses, unearned revenues, accrued revenues, and accrued expenses to determine the proper adjusting journal entries. The adjusting entries are recorded, an adjusted trial balance is prepared, and financial statements can then be prepared using the adjusted account balances. Vertical analysis is also introduced as a technique to evaluate a company's performance and financial condition by comparing individual financial statement line items to relevant totals.
Obje
ctive
The document discusses accounting principles and concepts. It defines a business and explains the role of accounting in providing financial information to internal and external users. Accounting principles such as GAAP, the business entity concept, and the accounting equation are introduced. Transactions are presented that illustrate how the elements of the accounting equation (assets, liabilities, and equity) change as a result.
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orat
ion
and
expl
ain
how
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c. 2014 Cengage Learning. All
This document discusses accounting for fixed assets. It defines fixed assets as long-term tangible assets used in operations, such as equipment, buildings, and land improvements. It explains how to classify costs of acquiring fixed assets as capital expenditures or revenue expenditures. It also describes various depreciation methods including straight-line, units-of-production, and double-declining balance and compares their application. The document provides examples to illustrate computing depreciation expense under each method.
1. The document discusses inventory control and costing methods. Two primary objectives of inventory control are safeguarding inventory and reporting inventory in financial statements.
2. Three inventory cost flow assumptions - FIFO, LIFO, and weighted average - are described. These assumptions impact income statements and balance sheets differently.
3. Methods for determining inventory costs under perpetual and periodic inventory systems using FIFO, LIFO, and weighted average are presented and illustrated with examples.
The document discusses accounting for merchandising businesses. It describes how merchandising businesses recognize revenue from sales and the cost of goods sold, which results in gross profit. It then explains how various merchandise transactions are recorded, including purchases, sales, returns, and discounts. Specific examples are provided to illustrate accounting entries for these different types of transactions. The financial statements of a merchandising business are discussed, along with key accounting concepts like perpetual inventory.
The document describes the flow of accounting information from transactions through the accounting cycle and financial statements. It discusses how the unadjusted trial balance is adjusted, then used to prepare the income statement, retained earnings statement, and balance sheet. Closing entries are made to zero out temporary accounts before preparing the post-closing trial balance.
The document discusses the adjusting process in accounting. It describes how adjusting entries are needed at the end of an accounting period to update accounts for expenses that have been incurred but not recorded, revenues that have been earned but not recorded, and other items like prepaid expenses and unearned revenues. It provides examples of different types of adjusting entries needed for accounts like prepaid expenses, unearned revenues, accrued revenues, accrued expenses, and depreciation expense. The overall purpose of the adjusting process and adjusting entries is to ensure revenues and expenses are reported in the proper accounting period in accordance with accrual basis accounting.
The document discusses long-term borrowing through bonds and notes payable. It covers computing the impact on earnings per share, characteristics of bonds payable like term bonds and serial bonds, journal entries for bonds issued at face value and at a discount or premium. It also describes accounting for installment notes, reporting long-term liabilities, and evaluating a company's financial condition based on interest coverage.
it describes the bony anatomy including the femoral head , acetabulum, labrum . also discusses the capsule , ligaments . muscle that act on the hip joint and the range of motion are outlined. factors affecting hip joint stability and weight transmission through the joint are summarized.
How to Setup Warehouse & Location in Odoo 17 InventoryCeline George
In this slide, we'll explore how to set up warehouses and locations in Odoo 17 Inventory. This will help us manage our stock effectively, track inventory levels, and streamline warehouse operations.
Chapter wise All Notes of First year Basic Civil Engineering.pptxDenish Jangid
Chapter wise All Notes of First year Basic Civil Engineering
Syllabus
Chapter-1
Introduction to objective, scope and outcome the subject
Chapter 2
Introduction: Scope and Specialization of Civil Engineering, Role of civil Engineer in Society, Impact of infrastructural development on economy of country.
Chapter 3
Surveying: Object Principles & Types of Surveying; Site Plans, Plans & Maps; Scales & Unit of different Measurements.
Linear Measurements: Instruments used. Linear Measurement by Tape, Ranging out Survey Lines and overcoming Obstructions; Measurements on sloping ground; Tape corrections, conventional symbols. Angular Measurements: Instruments used; Introduction to Compass Surveying, Bearings and Longitude & Latitude of a Line, Introduction to total station.
Levelling: Instrument used Object of levelling, Methods of levelling in brief, and Contour maps.
Chapter 4
Buildings: Selection of site for Buildings, Layout of Building Plan, Types of buildings, Plinth area, carpet area, floor space index, Introduction to building byelaws, concept of sun light & ventilation. Components of Buildings & their functions, Basic concept of R.C.C., Introduction to types of foundation
Chapter 5
Transportation: Introduction to Transportation Engineering; Traffic and Road Safety: Types and Characteristics of Various Modes of Transportation; Various Road Traffic Signs, Causes of Accidents and Road Safety Measures.
Chapter 6
Environmental Engineering: Environmental Pollution, Environmental Acts and Regulations, Functional Concepts of Ecology, Basics of Species, Biodiversity, Ecosystem, Hydrological Cycle; Chemical Cycles: Carbon, Nitrogen & Phosphorus; Energy Flow in Ecosystems.
Water Pollution: Water Quality standards, Introduction to Treatment & Disposal of Waste Water. Reuse and Saving of Water, Rain Water Harvesting. Solid Waste Management: Classification of Solid Waste, Collection, Transportation and Disposal of Solid. Recycling of Solid Waste: Energy Recovery, Sanitary Landfill, On-Site Sanitation. Air & Noise Pollution: Primary and Secondary air pollutants, Harmful effects of Air Pollution, Control of Air Pollution. . Noise Pollution Harmful Effects of noise pollution, control of noise pollution, Global warming & Climate Change, Ozone depletion, Greenhouse effect
Text Books:
1. Palancharmy, Basic Civil Engineering, McGraw Hill publishers.
2. Satheesh Gopi, Basic Civil Engineering, Pearson Publishers.
3. Ketki Rangwala Dalal, Essentials of Civil Engineering, Charotar Publishing House.
4. BCP, Surveying volume 1
Communicating effectively and consistently with students can help them feel at ease during their learning experience and provide the instructor with a communication trail to track the course's progress. This workshop will take you through constructing an engaging course container to facilitate effective communication.
हिंदी वर्णमाला पीपीटी, hindi alphabet PPT presentation, hindi varnamala PPT, Hindi Varnamala pdf, हिंदी स्वर, हिंदी व्यंजन, sikhiye hindi varnmala, dr. mulla adam ali, hindi language and literature, hindi alphabet with drawing, hindi alphabet pdf, hindi varnamala for childrens, hindi language, hindi varnamala practice for kids, https://www.drmullaadamali.com
Temple of Asclepius in Thrace. Excavation resultsKrassimira Luka
The temple and the sanctuary around were dedicated to Asklepios Zmidrenus. This name has been known since 1875 when an inscription dedicated to him was discovered in Rome. The inscription is dated in 227 AD and was left by soldiers originating from the city of Philippopolis (modern Plovdiv).
1. to
ion
ct
du
tro ing and
In
unt iness
cco Bus
A
r1
pt e
ha
C
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
2. Learning Objectives
1.
2.
3.
4.
5.
6.
Describe the nature of a business and the role of
accounting and ethics in business.
Summarize the development of accounting principles and
relate them to practice.
State the accounting equation and define each element of
the equation.
Describe and illustrate how business transactions can be
recorded in terms of the resulting change in the elements
of the accounting equation.
Describe the financial statements of a corporation and
explain how they interrelate.
Describe and illustrate the use of the ratio of liabilities to
stockholders’ equity in evaluating a company’s financial
condition.
3. Lear
ning
Obje
ctive
Desc
r ibe
the n
and
at
tu
t he r
ole o re of a b
usine
f ac c
ethic ounting ss
and
s in b
usine
ss.
1
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
4. Nature of Business and Accounting
o
A business is an organization in which basic
resources (inputs), such as materials and
labor, are assembled and processed to
provide goods or services (outputs) to
customers.
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
5. Nature of Business and Accounting
o The objective of most businesses is to earn a
profit.
o Profit is the difference between the amounts
received from customers for goods or services
and the amounts paid for the inputs used to
provide the goods or services.
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
6. TYPES OF
BUSINESSES
Service Business
Service
Delta Air Lines
Transportation services
The Walt Disney Company
Entertainment services
Merchandising Business
Product
Walmart
General merchandise
Amazon.com
Internet books, music, videos
Manufacturing Business
Product
Ford Motor Company
Cars, trucks, vans
Dell, Inc.
Personal computers
7. The Role of Accounting in Business
o
Accounting can be defined as an information
system that provides reports to users about
the economic activities and condition of a
business.
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
8. The Role of Accounting in Business
o The process by which accounting provides
information to users is as follows:
Identify users.
Assess users’ information needs.
Design the accounting information system to meet
users’ needs.
Record economic data about business activities and
events.
Prepare accounting reports for users.
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
10. Managerial Accounting
o
The area of accounting that provides internal
users with information is called managerial
accounting or management accounting.
o
Managerial accountants employed by a
business are employed in private accounting.
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
11. Financial Accounting
o
o
o
The area of accounting that provides external
users with information is called financial
accounting.
The objective of financial accounting is to
provide relevant and timely information for
the decision-making needs of users outside of
the business.
General-purpose financial statements are one
type of financial accounting report that is
distributed to external users.
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
12. Role of Ethics in Accounting and Business
o The objective of accounting is to provide
relevant, timely information for user decision
making.
o Accountants must behave in an ethical manner
so that the information they provide users will
be trustworthy and, thus, useful for decision
making.
o Ethics are moral principles that guide the
conduct of individuals.
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
14. ROLE OF ETHICS IN ACCOUNTING AND
BUSINESS
The answer to …
Failure of individual
character
“What went wrong for
these companies?”
Firm culture of greed
and ethical
indifference
involves one or both of
these factors.
(Exhibit 2)
16. Opportunities for Accountants
o
Accountants and their staffs who provide
services on a fee basis are said to be
employed in public accounting.
o
Accountants employed by a business firm or a
not-for-profit organization are said to be
employed in private accounting.
o
Public accountants who have met a state’s
education, experience, and examination
requirements may become Certified Public
Accountants (CPAs).
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
18. Lear
ning
Obje
ctive
Su m
acco marize th
u
e
e dev
nting
el op
pr i n
men
ciple
t of
s an d
them
r
to pr elate
actic
e.
2
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
19. Generally Accepted Accounting Principles
o
Financial accountants follow generally
accepted accounting principles (GAAP) in
preparing reports.
o
Within the U.S., the Financial Accounting
Standards Board (FASB) has the primary
responsibility for developing accounting
principles.
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
20. Generally Accepted Accounting Principles
o The Securities and Exchange Commission
(SEC), an agency of the U.S. government, has
authority over the accounting and financial
disclosures for companies whose shares of
ownership (stock) are traded and sold to the
public.
o Many countries outside the United States use
generally accepted accounting principles
adopted by the International Accounting
Standards Board (IASB).
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
21. Business Entity Concept
o
Under the business entity concept, the
activities of a business are recorded
separately from the activities of its owners,
creditors, or other businesses.
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
22. PROPRIETORSHIP
A proprietorship is
owned by one
individual.
70% of business
entities in the U.S.
are
proprietorships.
They are easy and
cheap to organize.
Resources are
limited to those of
the owner.
Used by small
businesses.
23. PARTNERSHIP
A partnership is
similar to a
proprietorship
except that it is
owned by two or
more individuals.
10% of business
organizations in the
U.S. (combined
with limited
liability
companies) are
partnerships.
Combines the skills
and resources of
more than one
person.
24. CORPORATION
A corporation is
organized under state
or federal statutes as a
separate legal taxable
entity.
Corporations generate
90% of business
revenues.
20% of the business
organizations in the U.S.
are corporations.
Ownership is divided
into shares, called
stock.
Can obtain large
amounts of resources
by issuing stocks.
Used by large
businesses.
25. LIMITED LIABILITY COMPANY
(LLC)
A limited liability
company (LLC)
combines the
attributes of a
partnership and a
corporation.
10% of business
organizations in the
U.S. (combined
with partnerships).
Often used as an
alternative to a
partnership.
Has tax and legal
liability advantages
for owners.
26. Cost Concept
o Under the cost concept, amounts are initially
recorded in the accounting records at their
cost or purchase price.
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
27. Cost Concept
o Aaron Publishers purchased a building on
February 20, 2012, for $150,000. Other amounts
related to this purchased are shown on the next
slide.
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
28. Cost Concept
• Price listed by seller on January 1, 2012
$160,000
• Aaron Publishers’ initial offer to buy on
January 31, 2012
140,000
• Purchase price on February 20, 2012
150,000
• Estimated selling price on
December 31, 2014
220,000
• Assessed value for property taxes,
December 31, 2014
190,000
Under the cost concept, Aaron Publishers records the purchase of the
building on February 20, 2012, at the purchase price of
$150,000
The other amounts listed above have no effect on the accounting records.
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
29. Objectivity Concept
o
The objectivity concept requires that the
amounts recorded in the accounting records
be based on objective evidence.
o
Only the final agreed-upon amount is
objective enough to be recorded in the
accounting records.
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
30. Unit of Measure Concept
o
The unit of measure concept requires that
economic data be recorded in dollars.
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
31. Lear
ning
Obje
State
ctive
th e a
ccou
nt
in
defin
e ea g equat
ch e l
ion a
e me
n
nt of d
equa the
tion.
3
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
32. The Accounting Equation
o
o
The resources owned by a business are its assets.
o
The rights of the owners are called stockholders’
equity for a corporation and owner’s equity for a
proprietorship, partnership, or limited liability
company.
o
The equation Assets = Liabilities + Stockholders’
Equity is called the accounting equation.
The rights of creditors are the debts of the
business and are called liabilities.
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
36. Lear
ning
Obje
Desc
ctive
ribe
trans
actio and illus
o
t
n
f the
n
r
resu s can be ate how
lting
busi
reco
ness
rded
chan
g
in
of th
e acc e in the e terms
l
ount
ing e ements
quat
io n .
4
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
37. Business Transaction
1. A business transaction is an economic event or
condition that directly changes an entity’s
financial condition or its results of operations.
38. TRANSACTION A
On November 1, 2013, Chris Clark deposited
$25,000 in a bank account in the name of
NetSolutions.
39. TRANSACTION B
On November 5, 2013, NetSolutions paid
$20,000 for the purchase of land as a future
building site.
40. TRANSACTION C
On November 10, 2013, NetSolutions
purchased supplies for $1,350 and agreed to
pay the supplier in the near future.
41. Transaction C
o The liability created by a purchase on account
is called an account payable.
o Items such as supplies that will be used in the
business in the future are called prepaid
expenses, which are assets.
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
42. TRANSACTION D
On November 18, 2013, NetSolutions received cash of
$7,500 for providing services to customers. A business
earns money by selling goods or services to its
customers. This amount is called revenue.
43. Transaction D
o Revenue from providing services is recorded
as fees earned.
o Revenue from the sale of merchandise is
recorded as sales.
o Other examples of revenue include rent, which
is recorded as rent revenue, and interest, which
is recorded as interest revenue.
o An account receivable is a claim against a
customer, which is an asset.
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
44. TRANSACTION E
During the month, NetSolutions spent cash or
used up other assets in earning revenue.
Assets used in this process of earning revenue
are called expenses.
45. TRANSACTION E
On November 30, 2013, NetSolutions paid the
following expenses: wages, $2,125; rent, $800;
utilities, $450; and miscellaneous, $275.
51. You Should Note the Following:
o The effect of every transactions is an increase
or a decrease in one or more of the accounting
equation elements.
o The two sides of the accounting equation are
always equal.
o The stockholders’ equity (owner’s equity) is
increased by amounts invested by
stockholders (capital stock).
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
52. You Should Note the Following:
o The stockholders’ equity (owner’s equity) is
increased by revenues and decreased by
expenses.
o The stockholders’ equity (owner’s equity) is
decreased by dividends paid to stockholders.
o Retained earnings is the stockholders’ equity
created from business operations through
revenue and expense transactions.
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
54. Lear
ning
Obje
De s c
ctive
ribe
the f
a c or
inan
po r
c
ation
ci
and al statem
expl
ain h ents of
ow th
ey
inter
relat
e.
5
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
55. Financial Statements
o
After transactions have been recorded and
summarized, reports are prepared for users.
The accounting reports providing this
information are called financial statements.
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
57. Income Statement
o
The income statement reports the revenues and
expenses for a period of time, based on the
matching concept.
o
The matching concept is applied by “matching”
the expenses incurred during a period with the
revenue that those expenses generated.
o
The excess of the revenue over the expenses is
called net income, net profit, or earnings. If
expenses exceed revenue, the excess is a net loss.
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
58. Retained Earnings Statement
o
The retained earnings statement reports the
changes in the retained earnings for a period
of time.
o
It is prepared after the income statement
because the net income or net loss for the
period must be reported in this statement.
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
59. Retained Earnings Statement
o To illustrate, assume that NetSolutions earned net
income of $4,155 and paid dividends of $2,000
during December. The following statement would
be prepared.
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
62. Balance Sheet
o
A balance sheet is a list of the assets,
liabilities, and stockholders’ equity as of a
specific date.
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
63. Account Form
o
The account form of a balance sheet lists the
assets on the left and the liabilities and
stockholders’ equity on the right. It resembles
the basic format of the accounting equation.
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
64. BALANCE SHEET
This amount is compared
to the net cash flow on the
statement of cash flows.
From the retained
earnings statement
65. Statement of Cash Flows
o
A statement of cash flows is a summary of the
cash receipts and cash payments for a specific
period of time.
It consists of three sections:
(1) operating activities
(2) investing activities
(3) financing activities
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
67. Cash Flows from Operating Activities
o
The cash flows from operating activities
section reports a summary of cash receipts
and cash payments from operations.
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
68. Cash Flows from Investing Activities
o
The cash flows from investing activities section
reports the cash transactions for the
acquisition and sale of relatively permanent
assets.
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
69. Cash Flows from Financing Activities
o
The cash flows from financing activities
section reports the cash transactions related to
cash investments by stockholders,
borrowings, and cash dividends.
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
71. Interrelationships Among Financial Statements
o In Exhibit 6, NetSolutions’ net income of $3,050
for November is added to the beginning retained
earnings on November 1, 2013, in the retained
earnings statement.
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
73. Interrelationships Among Financial Statements
o In Exhibit 6, NetSolutions’ retained earnings of
$1,050 as of November 30, 2013, on the retained
earnings statement also appears on the November
30, 20l3, balance sheet as retained earnings.
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
75. Interrelationships Among Financial Statements
o In Exhibit 6, cash of $5,900 reported on the
balance sheet as of November 30, 2013, is also
reported on the November statement of cash flows
as the end-of-period cash.
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
76. Lear
ning
Obje
Desc
ctive
r ibe
and
illu
sto
ockh
s
olde the ratio trate the
us e o
of lia
com rs’ equi
f
biliti
pany
ty i n
es to
’s fin
e
ancia valuatin
ga
l con
ditio
n.
6
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
77. RATIO OF
LIABILITIES TO
STOCKHOLDERS’
EQUITY
Ratio of Liabilities
to Stockholders’
Equity
Ratio of Liabilities
to Stockholders’
Equity
=
Total Liabilities
Total Stockholders’ Equity
=
$400
$26,050
= 0.015
78. to
ion
ct
du
tro ing and
In
unt iness
cco Bus
A
nd
eE
Th
c. 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.