After completing this chapter you should be able to: Describe merchandising activities and identify income components for a merchandising company, identify and explain the inventory asset and cost flows of a merchandising company, compute the acid-test ratio and explain its use to assess liquidity,...

 43 p bvu 25/09/2023 55 0 Download

Lecture Fundamental accounting principles (21e) - Chapter 2: Analyzing and recording transactions. After completing this chapter you should be able to: Explain the steps in processing transactions and the role of source documents, describe an account and its use in recording transactions, describe a ledger and a chart of accounts, define debits and credits and explain double-entry accounting.

 36 p bvu 25/09/2023 41 0 Download

Lecture Fundamental accounting principles (21e) - Chapter 3: Analyzing and recording transactions. After completing this chapter you should be able to: Explain the importance of periodic reporting and the time period assumption, explain accrual accounting and how it improves financial statements, identify the types of adjustments and their purpose.

 41 p bvu 25/09/2023 34 0 Download

Lecture Fundamental accounting principles (21e) - Chapter 6: Inventories and cost of sales. After completing this chapter you should be able to: Explain the purpose and importance of accounting; Identify users and uses of, and opportunities in, accounting; explain why ethics are crucial to accounting; explain generally accepted accounting principles and define and apply several accounting principles.

 42 p bvu 25/09/2023 36 0 Download

Lecture Fundamental accounting principles (21e) - Chapter 12: Accounting for partnerships. After completing this chapter you should be able to: Identify the principles and components of accounting information systems, explain the goals and uses of special journals, describe the use of controlling accounts and subsidiary ledgers.

 39 p bvu 25/09/2023 39 0 Download

Lecture Fundamental accounting principles (21e) - Chapter 14: Long-term liabilities. After completing this chapter you should be able to: Describe accounts receivable and how they occur and are recorded; describe a note receivable, the computation of its maturity date, and the recording of its existence; explain how receivables can be converted to cash before maturity.

 45 p bvu 25/09/2023 30 0 Download

Lecture Fundamental accounting principles (21e) - Chapter 7: Accounting information systems. After completing this chapter you should be able to: Explain the steps in processing transactions and the role of source documents, describe an account and its use in recording transactions, describe a ledger and a chart of accounts, define debits and credits and explain double-entry accounting.

 26 p bvu 25/09/2023 33 0 Download

Lecture Fundamental accounting principles (21e) - Chapter 10: Plant assets, natural resources, and intangibles. After completing this chapter you should be able to: Describe merchandising activities and identify income components for a merchandising company, identify and explain the inventory asset and cost flows of a merchandising company, compute the acid-test ratio and explain its use to assess liquidity,...

 48 p bvu 25/09/2023 42 0 Download

Lecture Fundamental accounting principles (21e) - Chapter 13: Accounting for corporations. After completing this chapter you should be able to: Define internal control and identify its purpose and principles, define cash and cash equivalents and explain how to report them, compute the days’ sales uncollected ratio and use it to assess liquidity.

 43 p bvu 25/09/2023 34 0 Download

Lecture Fundamental accounting principles (21e) - Chapter 21: Cost allocation and performance measurement. After completing this chapter you should be able to: Distinguish between direct and indirect expenses and identify bases for allocating indirect expenses to departments; explain controllable costs and responsibility accounting; analyze investment centers using return on assets, residual income, and balanced scorecard; analyze investment...

 42 p bvu 25/09/2023 31 0 Download

Lecture Fundamental accounting principles (21e) - Chapter 22: Master budgets and planning. After completing this chapter you should be able to: Describe different types of cost behavior in relation to production and sales volume, describe several applications of cost volume-profit analysis, compute the contribution margin and describe what it reveals about a company's cost structure, analyze changes in sales using the degree of operating...

 43 p bvu 25/09/2023 21 0 Download

Lecture Fundamental accounting principles (21e) - Chapter 20: Process cost accounting. After completing this chapter you should be able to: Explain process operations and the way they differ from job order operations, define and compute equivalent units and explain their use in process cost accounting, define and prepare a process cost summary and describe its purposes.

 47 p bvu 25/09/2023 19 0 Download