Administrative matters Discussion of Accounting Why is accounting interesting? Why do we need accounting? Course objective Sophisticated financial statement user An overview of information in financial statements complete information of accounting
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Discussion of Accounting Why is accounting interesting? Why do we need accounting? Course objective Sophisticated financial statement user An overview of information in financial statements
Voorbeeld 4 van de 31 pagina's
In winkelwagenDiscussion of Accounting Why is accounting interesting? Why do we need accounting? Course objective Sophisticated financial statement user An overview of information in financial statements
Discussion of Accounting Why is accounting interesting? Why do we need accounting? Course objective Sophisticated financial statement user An overview of information in financial statements
Voorbeeld 4 van de 52 pagina's
In winkelwagenDiscussion of Accounting Why is accounting interesting? Why do we need accounting? Course objective Sophisticated financial statement user An overview of information in financial statements
Discussion of Accounting An accountant’s functions include Classifying and summarizing, made easier by the repetitive nature of business transaction
Voorbeeld 4 van de 33 pagina's
In winkelwagenDiscussion of Accounting An accountant’s functions include Classifying and summarizing, made easier by the repetitive nature of business transaction
Balance Sheet: Investments and Financing Management Discussion Auditor’s Report Consolidated Balance Sheet Consolidated Net Income Consolidated Statement of Stockholders Equity Consolidated Cash Flow Statements Notes to Accounts
Voorbeeld 4 van de 44 pagina's
In winkelwagenBalance Sheet: Investments and Financing Management Discussion Auditor’s Report Consolidated Balance Sheet Consolidated Net Income Consolidated Statement of Stockholders Equity Consolidated Cash Flow Statements Notes to Accounts
Administrative matters Discussion of Accounting Why is accounting interesting? Why do we need accounting? Course objective Sophisticated financial statement user An overview of information in financial statements
Voorbeeld 4 van de 32 pagina's
In winkelwagenAdministrative matters Discussion of Accounting Why is accounting interesting? Why do we need accounting? Course objective Sophisticated financial statement user An overview of information in financial statements
What is annual depreciation expense for each of the first two years? What is book value at the end of 2nd year? How do we account for the improvement? What is annual depreciation expense for years 3 and beyond?
Voorbeeld 3 van de 24 pagina's
In winkelwagenWhat is annual depreciation expense for each of the first two years? What is book value at the end of 2nd year? How do we account for the improvement? What is annual depreciation expense for years 3 and beyond?
Understand how differences in “book” vs. tax accounting for ,lead to deferred taxes Understand how the matching principle influences the capitalization of long-lived assets the expensing of capitalized costs to match revenues generated in the use of long-lived assets
Voorbeeld 2 van de 15 pagina's
In winkelwagenUnderstand how differences in “book” vs. tax accounting for ,lead to deferred taxes Understand how the matching principle influences the capitalization of long-lived assets the expensing of capitalized costs to match revenues generated in the use of long-lived assets
Inventory is defined as goods held for sale in the normal course of business or items used in the manufacture of products that will be sold in the normal course of business
Voorbeeld 4 van de 61 pagina's
In winkelwagenInventory is defined as goods held for sale in the normal course of business or items used in the manufacture of products that will be sold in the normal course of business
ALLOWANCE FOR RETURNS Receivables and Revenue Recognition A Quick Look at Intel’s Statements
Voorbeeld 3 van de 25 pagina's
In winkelwagenALLOWANCE FOR RETURNS Receivables and Revenue Recognition A Quick Look at Intel’s Statements
Receivables and Revenue Recognition Why do we care about revenue recognition? Criteria for revenue recognition Some Details of SAB 101
Voorbeeld 3 van de 21 pagina's
In winkelwagenReceivables and Revenue Recognition Why do we care about revenue recognition? Criteria for revenue recognition Some Details of SAB 101
What is financial statement analysis? What is ratio analysis? The mechanics of and inferences from: Profitability ratios Risk ratios
Voorbeeld 4 van de 38 pagina's
In winkelwagenWhat is financial statement analysis? What is ratio analysis? The mechanics of and inferences from: Profitability ratios Risk ratios
Accounting – Mapping of actions and events into financial statements (Economic) Principles governing the accounting mapping: Objectivity, conservatism, revenue recognition, and matching
Voorbeeld 2 van de 9 pagina's
In winkelwagenAccounting – Mapping of actions and events into financial statements (Economic) Principles governing the accounting mapping: Objectivity, conservatism, revenue recognition, and matching
Understand that the accounting method used for acquisitions depends on the extent to which the investor exerts influence over the investee.
Voorbeeld 2 van de 13 pagina's
In winkelwagenUnderstand that the accounting method used for acquisitions depends on the extent to which the investor exerts influence over the investee.
Tax Depreciation Accelerated depreciation No judgment in determining depreciation expense Tax Reporting ≠ Financial Reporting ==> timing differences in measurement of income Why would a firm prefer accelerated depreciation for tax purposes? Why does government allow t...
Voorbeeld 1 van de 4 pagina's
In winkelwagenTax Depreciation Accelerated depreciation No judgment in determining depreciation expense Tax Reporting ≠ Financial Reporting ==> timing differences in measurement of income Why would a firm prefer accelerated depreciation for tax purposes? Why does government allow t...
Understand when accounting departs from the “transactions- based” model and towards market-driven valuations
Voorbeeld 3 van de 17 pagina's
In winkelwagenUnderstand when accounting departs from the “transactions- based” model and towards market-driven valuations
Understand the rationale for leasing and the distinction between operating and capital leases. Understand the Income Statement and Balance Sheet differences between operating and capital leases from the lessee’s perspective.
Voorbeeld 3 van de 22 pagina's
In winkelwagenUnderstand the rationale for leasing and the distinction between operating and capital leases. Understand the Income Statement and Balance Sheet differences between operating and capital leases from the lessee’s perspective.
Obligations that must be discharged in a short period of time (generally less than one year) Reported on balance sheet at nominal value examples: Accounts payable Short-term borrowings Current portion of long-term debt Deposits Warranties Deferred Revenues / Income
Voorbeeld 3 van de 19 pagina's
In winkelwagenObligations that must be discharged in a short period of time (generally less than one year) Reported on balance sheet at nominal value examples: Accounts payable Short-term borrowings Current portion of long-term debt Deposits Warranties Deferred Revenues / Income
Extend our understanding of valuation methods beyond simple present value calculations. Understand the terminology of long-term debt Bonds – coupon and zero-coupon bonds At Par vs. Discount vs. Premium Market interest rate versus coupon rate Mortgages – Interest plus Princ...
Voorbeeld 3 van de 28 pagina's
In winkelwagenExtend our understanding of valuation methods beyond simple present value calculations. Understand the terminology of long-term debt Bonds – coupon and zero-coupon bonds At Par vs. Discount vs. Premium Market interest rate versus coupon rate Mortgages – Interest plus Princ...
Nature and reporting of current liabilities Understand the nature and reporting requirements of contingencies Illustrate the trade-off between reliability and relevance in accounting for contingencies
Voorbeeld 2 van de 12 pagina's
In winkelwagenNature and reporting of current liabilities Understand the nature and reporting requirements of contingencies Illustrate the trade-off between reliability and relevance in accounting for contingencies
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