Summary Corporate Financial Accounting - chapters 1-3, 5, 8, 11-4 PDF

Title	Summary Corporate Financial Accounting - chapters 1-3, 5, 8, 11-4
Author	JoAnna Mak
Course	Principles of Financial Accounting
Institution	University of Maryland
Pages	29
File Size	915.7 KB
File Type	PDF
Total Downloads	76
Total Views	137

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Summary

chapters 1-3, 5, 8, 11-4...

Description

Ch.$1$–$Basics$to$Financial$Accounting$ Accounting)–)system)to)provide)information)for)decision)making) GAAP)–)procedures)/)policies)set)by)authorities)to)help)prepare)financial)statements) Managerial)(internal))–)helps)improve)profitability)/)efficiency) Financial)(external))–)for)people)outside)the)business:)should'we'invest'/'loan'to'this'business?) ) Assets)=)Liabilities)+)Equity) ) Basic)types)of)accounts) Assets)–)resources)owned)by)a)business) Rights)/)claims)to)assets:)) 1)! Rights)of)creditors)) Liabilities)–)obligations)they)must)pay;)rights)of)the)creditors) $ Bought)on)account)à฀)creates)Account)Payable) ) (Sold)on)account)à฀)creates)Account)Receivable,)which)is)an)asset))) 2)! Rights)of)stockholders)/)owners) Equity)–)owner’s)claims)to)assets) a.! Paid...