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Brad H
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Decks in this class (38)
Chapter 1: Financial Statements and Decision Making
What is the role of creditors in ...,
Who are the internal decision mak...,
Who are the external decision mak...
94
cards
Chapter 1: Responsibilities for the Accounting Communication Process
What is the role of international...,
What is the importance of underst...,
Why is it important for decision ...
37
cards
Appendix A1: Types of Business Entities
What are the three main types of ...,
What is a sole proprietorship and...,
In a sole proprietorship who is u...
17
cards
Appendix 1B: Employment In The Accounting Field Today
What legal status did accounting ...,
What designation did professional...,
What is the current unified desig...
22
cards
Chapter 2: Investing and Financing Decisions and The Accounting System
What is the conceptual framework ...,
What does the iasb conceptual fra...,
What is the purpose of the iasb c...
95
cards
Chapter 2: What types of Business Activities cause changes in Financial Statement amounts
What is a transaction in accounting,
What are the two types of events ...,
Can you provide examples of exter...
15
cards
Chapter 2: How do transactions affect accounts?
How do business decisions made by...,
Can business decisions have unint...,
Why should business managers unde...
26
cards
Chapter 2: How do Companies keep track of account balances?
What are the two basic recording ...,
Why is recording transaction effe...,
What is the purpose of the accoun...
38
cards
Chapter 2: How is a Statement of Financial Position Prepared and Analyzed?
Trial balance,
Current ratio,
Trial balance spreadsheet
40
cards
Randomized End of Chapter questions
1
cards
Chapter3: How do Business Activities Affect the Business Cycle?
Operating cycle,
Generating cash,
Key transactions
50
cards
Chapter 3: How are Business Activities Recorded and Measured?
What is cash basis accounting and...,
How is personal financial perform...,
What is a potential drawback of u...
29
cards
Chapter3: The Expanded Transaction Analysis Model
What are the five elements includ...,
How does the retained earnings ac...,
What symbols are used to represen...
11
cards
Chapter 3: How is the Statement of Earnings Prepared and Analyzed
What is the process for preparing...,
Why are adjustments necessary for...,
What is the total asset turnover ...
8
cards
Chapter 4: Adjusting Revenues and Expenses
Accounting cycle,
Recording transactions,
End of period steps
56
cards
Chapter 4: Preparing Financial Statements
Interrelation of financial statem...,
Statement preparation order,
Adjusted trial balance and statem...
20
cards
Chapter 4: Closing the books
Closing process purpose,
Permanent real accounts,
Temporary nominal accounts
13
cards
Chapter 5: Motivating Sales and Collections
Core principle of revenue recogni...,
Determining transfer of risks and...,
Revenue recognition for service c...
32
cards
Chapter 5: Measuring and Reporting Receivables.
Classifying receivables,
Account receivable,
Note receivable
69
cards
Chapter 5: Reporting and Safeguarding Cash
Cash and cash equivalents definition,
International accounting standard 7,
Financial reporting
26
cards
Chapter 11: Classification of Cash Flows
Classification of cash flows,
Cash and cash equivalents,
Statement of cash flows categories
16
cards
Chapter 11: Interpreting Cash Flows from Operating Activities
Importance of operating activitie...,
Analyzing quality of earnings ratio,
Factors impacting net earnings vs...
8
cards
Chapter 11: Reporting and Interpreting Cash Flows from Investing Activities
The effects of investing activite...,
Reporting cash flows from investi...,
Analyzing changes in assets
10
cards
Chapter 11: Reporting and Interpreting Cash Flows from Financing Activities
Reporting cash flows from financi...,
Importance of reviewing debt and ...,
Financial activites effect on cas...
8
cards
Chapter 7.1: Aquisition and maintenance of Property, Plant and Equipment
What is the definition of long li...,
What are tangible assets and how ...,
What are intangible assets and ca...
28
cards
7.2: Use, Impairment and Disposal of Property, plant and equipment
What is depreciation in accountin...,
How is depreciation expense recor...,
What is the carrying amount of an...
50
cards
Chapter 7.3: Natural Assets, Intangible Assets and Goodwill
What are wasting assets in the co...,
How are rights to explore and dev...,
What is depletion and how is it c...
29
cards
Chapter 6.1 : Nature of Inventory and Cost of Sales
What is inventory and how is it c...,
What are the two main categories ...,
What does merchandise inventory i...
31
cards
Chapter 6.2: Inventory Costing Methods
Why is determining the cost of sa...,
What are the three generally acce...,
How does the specific identificat...
12
cards
Chapter 8.1: Liabilities Defined and Classified
How do accountants formally defin...,
How is a liability measured when ...,
What does the term current liabil...
11
cards
8.2: Current Liabilities
Relationships between operating a...,
What are accounts payable and how...,
How do suppliers credit terms imp...
37
cards
8.3: Working Capital Management
What is working capital and how i...,
Why is working capital management...,
How do changes in working capital...
7
cards
9.1: CHARACTERISTICS OF LONG-TERM NOTES AND BONDS PAYABLE
What are the advantages of issuin...,
How does the deductibility of int...,
Why is it important for companies...
24
cards
9.2: Other Non Current Liabilities
What are the typical non current ...,
How are lease liabilities account...,
What is the accounting entry made...
15
cards
Chapter 10: Ownership of a Corporation
What legal form is recognized by ...,
How are corporations created and ...,
What must be included in an appli...
21
cards
Chapter 10: Common Share Transactions
What are the two types of shares ...,
What are common shares,
What is the difference between co...
41
cards
Chapter 10: Dividends on Common Shares
What are the two sources of retur...,
Why might some investors prefer s...,
What type of return do wealthy in...
20
cards
Chapter 10: Accounting and Reporting for Non Incorporated Businesses
What are the three forms of busin...,
Is a corporation considered a sep...,
What is a sole proprietorship
34
cards
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COMM 217
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