3A-W'09-REVIEW - EX#1

3A-W'09-REVIEW - EX#1 - Possible topics covered Definitions...

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Econ 3A–W’09-Review for Exam#1 – p1 Possible topics covered: Definitions of terms Basic accounting equation: A=L+E Conceptual framework – assumptions, principles, constraints Preparation and interpretation of financial statements – balance sheet, income statement, statement of retained earnings, statement of cash flows Limitations of our accounting model – cost- based, judgments, estimates, omitted intangibles Computation and interpretation of analytical ratios and amounts – working capital, current ratio, debt to total assets, free cash flow, earnings per share Concepts of liquidity, solvency, profitability Operating cycle Role of independent auditors IFRS Principle versus principal “Accounting matters” Accounting process – journal entries, T- accounts, debits and credits, etc. Anything else covered in the text or in class, but not mentioned above!
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Econ 3A–W’09-Review for Exam#1 – p2 Qualitative characteristics
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3A-W'09-REVIEW - EX#1 - Possible topics covered Definitions...

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