Chapter 4 Overview

Chapter 4 Overview - - Classified balance sheet- Classified...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Accounting Midterm #2 Review Chapter 4 Overview Adjusting Revenues and Expenses - Accounting Cycle - Unadjusted Trial balance - Analysis of Adjusting Entries - Papa John’s Illustration Preparing Financial Statement - Income statement - Statement of stockholder’s equity - Balance sheet - Supplemental Cash Flows Information - Net profit margin ratio Closing The books - End of the accounting cycle - Post closing trial balance Chapter 5 Overview Players in the Accounting communication Process - Regulators ( SEC, FASB, PCAOB, Stock Exchanges) - Managers ( CEO, CFO and accounting staff) - Boards of Directors ( Audit committee) - Auditors - Information Intermediaries: Analysts and Information services - Users: Institutional and Private investors, credits and other - Guiding Principles for communicating useful information The Disclosure Process - Press release - Annual reports - Quarterly reports - SEC reports- 10 K, 10Q, 8K A closer look at financial statements formats and Notes
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: - Classified balance sheet- Classified income statement - Statement of stockholders equity - Statement of cash flows- Notes to Financial Statements- Voluntary Disclosures ROE Analysis: A Framework for Evaluating company performance -Returns on equity -Roe profit driver analysis-Profit drivers and Business Strategy Chapter 6 Accounting for Sales Revenue-Credit cards sales to consumers -Sales discounts to businesses -Sales returns and allowance -Reporting net sales -Gross Profit percentage Measuring and Reporting receivables -Classifying receivables -Accounting for Bad Debts-Reporting accounts receivable and bad ebts -Estimate bad debts-Control over accounts receivable Reporting and Safeguarding cash -cash and cash equivalent -cash management -internal control of cash -reconciliation of cash accounts and the bank statements...
View Full Document

This note was uploaded on 10/31/2007 for the course ACTG 11 taught by Professor Kaschmitter,ursula during the Fall '07 term at Santa Clara.

Page1 / 2

Chapter 4 Overview - - Classified balance sheet- Classified...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online