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Lucy Bullock
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Decks in this class (15)
Balance Sheet, Income Statement and Stockholders' Equity
What is the accounting equation,
The accounting equation is the fo...,
How do you calculate net income
54
cards
Debits and Credits (expanded)
A normal balance for an asset is ...,
A normal balance for a liability ...,
A normal balance for contributed ...
21
cards
The Accounting Cycle, Adjusting Entries and Depreciation
What are the five steps to the ac...,
Which parts of the accounting cyc...,
Which parts of the accounting cyc...
18
cards
Revenues, Receivables, and Operating Income
What is net income attributable t...,
When customers owe the company money,
What is the major risk of selling...
15
cards
Earnings Management and Inventory
__________ _____________ occurs w...,
What are the two main motives for...,
_______ ____ ________ describes t...
41
cards
Expense Recognition and Depreciation
What are the three approaches to ...,
When the cost is directly associa...,
When the cost can be associated w...
29
cards
Long-Term Operating Assets
_______ long term assets such as ...,
_______ long term assets such as ...,
Capitalized costs are reported as...
9
cards
Sale + Impairment of PP+E
If the proceeds from a sale of pp...,
If the proceeds from a sale of pp...,
What are the steps to record a sa...
12
cards
Intangible Assets
What are the two types of intangi...,
Out of the two types of intangibl...,
Out of the two types of intangibl...
16
cards
Financial Statement Analysis Basics
__________ analysis is conducted ...,
__________ analysis examines chan...,
When you are said to disaggregate...
39
cards
Current Liabilities, Contingent Liabilities, Non-Operating Liabilities
When analyzing the accounting equ...,
When analyzing the accounting equ...,
What are the three essential char...
28
cards
Bond Basics
Liabilities classified as contrac...,
Most bonds are issued with a face...,
This key interest rate in bond ca...
12
cards
Contributed Capital
Stock repurchased later by the co...,
The primary ownership unit in a c...,
The maximum amount of shares that...
32
cards
Statement of Cash Flows
What is the purpose of a statemen...,
Cash inflows and outflows from op...,
Cash inflows and outflows from ac...
49
cards
The Formula Sheet
What is liquidity,
What is solvency,
What does the return on equity ro...
32
cards
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Accounting 101
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