Thư viện tài liệu, ebook tham khảo dành cho học sinh, sinh viên

The owners’ equity in a partnership Separate Capital and Withdrawals accounts are maintained for each partner With a sole proprietorship, there is only one Capital account and one Withdrawals account Income and losses must be divided among the partners

122 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 733 | Lượt tải: 0

The operating cycle converts cash to purchases, to sales, to accounts receivable, and back to cash Most current liabilities support this cycle Failure to manage related cash flows can have serious consequences If suppliers are not paid, they may not ship A continued inability to meet payments when due can lead to bankruptcy

81 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 847 | Lượt tải: 0

Acquisition costs include Purchase price (less cash discounts) All expenditures connected with purchasing the equipment and preparing it for use Freight Insurance in transit Excise taxes and tariffs Buying expenses Installation costs Cost of test runs Equipment is subject to depreciation because it has a limited useful life

105 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 879 | Lượt tải: 0

Apply the perpetual inventory system to the pricing of inventories at cost. State the effects of inventory methods and misstatements of inventory on income determination, income taxes, and cash flows. Apply the lower-of-cost-or-market (LCM) rule to inventory valuation.

89 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 742 | Lượt tải: 0

EFT (Electronic Funds Transfer) A company has cash transferred from its bank to another company’s bank instead of writing checks Wal-Mart Stores, Inc. makes 75% of its payments to suppliers this way Debit cards A customer’s retail purchase is deducted directly from his/her bank account The bank documents transactions for the retailer The reta...

79 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 814 | Lượt tải: 0

is all the policies and procedures management uses to ensure the reliability of financial reporting compliance with laws and regulations and the effectiveness and efficiency of operations

100 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 742 | Lượt tải: 0

World’s largest computer network Any computer in the network can communicate with any other computer in the network Computers connect to the Internet using a modem connected to a phone line A subscription to an Internet service provider (ISP) is necessary America Online (AOL) MCI WorldCom AT&T Local service providers

112 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 824 | Lượt tải: 0

To provide financial information about a company, particularly its ability to generate adequate cash flows Interested parties include Investors Interested in returns from dividends and the market price of their investment Creditors Interested in a company’s ability to repay debt

107 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 807 | Lượt tải: 0

A physical count of all merchandise on hand Required under both the perpetual and periodic inventory systems Under the perpetual inventory system, the actual count is compared to accounting records to determine any shortages that may exist Used to facilitate control over merchandise inventory

116 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 901 | Lượt tải: 0

Relevant data collected by accountants Calculations to determine the amount of Prepaid insurance that has expired Depreciation Inventory of supplies on hand Accrued wages Analyses Preliminary drafts of financial statements

60 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 836 | Lượt tải: 0