Financial accounting 12th warren duchac chapter 01

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Ngày tải lên: 11/04/2017, 15:10

... three other types of accounting besides, Financial accounting: o Not-for-profit accounting o Managerial accounting o Tax accounting Four Kinds of Accounting 24 Copyright © 2014 John Wiley & Sons, ... • • Financial Statements Financial Statements For Microline Figure 1-4 The Footnotes Integral part of the financials, and explain many of the policies and assumptions used to pre...

Ngày tải lên: 15/05/2017, 11:54

... 1 Accounting in Action Accounting in Action Learning Objectives After studying this chapter, you should be able to: [1] Explain what accounting is [2] Identify the users and uses of accounting ... What is Accounting? Three Activities Illustration 1-1 The activities of the accounting process The accounting process includes the bookkeeping function 1-4 LO 1 Accounting in Action...

Ngày tải lên: 15/05/2017, 13:08

... other kinds of accounting Three Other Kinds of Accounting *Appendix 1A • There are three other types of accounting, besides financial accounting: • Not-for-profit accounting • Fund accounting for ... to safeguard assets Financial Statements (Balance Sheet) Financial Statements (Bal Sheet cont.) Financial Statements (Income Statement & Statement of Shareholder’s Equity) Fin...

Ngày tải lên: 15/05/2017, 13:31

... of accounting that respectively provide information to internal and external users are: forensic accounting and financial accounting managerial accounting and financial accounting managerial accounting ... of the company Accounting provides creditors and banks with information regarding the credit risk rating of the company Accounting is not responsible for providing any...

Ngày tải lên: 27/03/2017, 08:03

... Cash Flows Note Disclosure Generally Accepted Accounting Principles (GAAP) LO Generally Accepted Accounting Principles Generally Accepted Accounting Principles (GAAP) – Standards that are generally ... 5.Managerial accounting activities focus on reports for internal users Solution: 1-7 1.True 2.False 3.False 4.False 5.True LO LEARNING OBJECTIVE Explain the building blocks of ac...

Ngày tải lên: 12/05/2017, 11:44

... Investments and financial markets Financial management of corporations Fields are separate but related Financial Assets Real asset—Objects that provide services: houses, cars, food, etc Financial asset—a ... limited to financial market activity – Now – Corporate finance includes the financial management of organizations Financial Management The management and control of money an...

Ngày tải lên: 21/11/2016, 15:58

... Long-Lived Project has the higher EAA, it should be chosen This is the same decision reached by the Replacement Chain Method 37 Capital Rationing Used when capital funds for new projects are limited ... acquired with it are both called capital Capital Budgeting Planning and Justifying How Capital Dollars Are Spent On Long Term Projects Provides methods for evaluating whether projects make fi...

Ngày tải lên: 21/11/2016, 15:58

... new assets when needed Include working capital Depreciation: Plan depreciation for new and old assets A non-cash item but it impacts taxes Taxes and Earnings Summarize tax deductible items in ... Last year purchased a gearshift design for $50,000 Facilities are at capacity, so a new shop is required Company owns land nearby New building will cost $60,000 Land purchased 10 years ago for ... fo...

Ngày tải lên: 21/11/2016, 15:58

... different from expected is related to the variance or standard deviation Figure 12-2 Risk in Estimated Cash Flows The Importance of Risk in Capital Budgeting Until now we have viewed cash flows as ... budgeting – Generally increases a project's expected NPV 25 The Abandonment Option A poorly performing project can sometimes be abandoned – Usually by redeploying project resources to another us...

Ngày tải lên: 21/11/2016, 15:58

... be calculated using either book or market values of capital components WACC used to evaluate next year’s projects – – – Supported by capital raised next year Book values - capital raised and spent ... Preferred Stock Francis issued preferred paying 6% of its $100 par value Flotation costs are 11% – a What is Francis’s cost of preferred if similar issues yield 9% – b Calculate the cost of pref...

Ngày tải lên: 21/11/2016, 15:58

... firm’s debt and equity – In this chapter preferred stock is considered debt Financial Leverage - using borrowed money to multiply the effectiveness of equity – Financial leverage of 10% means ... Causes financial risk Operating Leverage Associated with cost structure, the firm’s mix of fixed and variable cost Influences a firm’s business risk => variation in EBIT Financial Leverage...

Ngày tải lên: 21/11/2016, 15:58

... prefer immediate cash to uncertain future benefits – Poor management may waste the funds rather than using effectively for growth Inconsistency in theory: – If investors are worried about management ... limit contributed capital – must come from dividend payments to protect creditors’ retained earnings interests Insolvent firms can’t pay dividends Cumulative feature of preferred stock lim...

Ngày tải lên: 21/11/2016, 15:58

... now “truncate” checks Replaced with electronic checks Paper facsimiles available when needed Has sped up clearing process – Fed paper check processing locations reduced from 45 to 42 Accelerating ... companies Unsecured  Repayment is not guaranteed by the pledge of a specific asset Promissory Note – Written promise to repay amount borrowed plus interest 23 Unsecured Bank Loans Line of credit...

Ngày tải lên: 21/11/2016, 15:58