Chapter 2 The Balance Sheet_Sakai.pptx - Introduction to Financial Accounting Chapter 2 The Balance Sheet LEARNING OBJECTIVES Understand business

Chapter 2 The Balance Sheet_Sakai.pptx - Introduction to...

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Introduction to Financial Accounting Chapter 2 The Balance Sheet
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LEARNING OBJECTIVES Understand business activities that impact the balance sheet Apply transaction analysis to accounting transactions Use journal entries and T-accounts to show how transactions affect the balance sheet Prepare a classified balance sheet Interpret the balance sheet using the current ratio and on an understanding of related concepts
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LO.1 UNDERSTAND THE BUSINESS Financing Activities External Financing Debt Equity Examples: - Borrow cash from a bank - Make repayment - Pay interests Examples: - Issue shares - Pay dividends - Repurchase shares
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LO.2 ACCOUNTING FOR BUSINESS ACTIVITIES Business Activities Accounting Document s Exchange s Cost Picture transactions Name accounts Analyze effects
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Transactions An exchange or an event that has a direct and measurable financial effect on the assets, liabilities, or shareholders’ equity of a business.
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