DiscussionSection_2_20090602

DiscussionSection_2_20090602 - Introduction to Financial...

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Click to edit Master subtitle style  9/22/09 Introduction to Financial Accounting UGBA102A Discussion Section 2   June 2, 2009
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 9/22/09 1. Two good follow up questions from discussion section 1 2. Review of chapter 1 and connection to chapter 2 3. Summary of chapter 2 4. Problem/case solutions Agenda
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 9/22/09 1. Is 1.2% profitability good for Unique Ad, Inc? 2. How can we tell financial statement items are negative? Follow Up Questions
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 9/22/09 Review of Chapter 1 Uses of Accounting Information and Financial Statements * This figure is from Financial Statement Analysis and Security Valuation by Stephen H. Penman
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 9/22/09 Chapter 2 Analyzing Business Transactions Economic Events Recognition Valuation Classification Transaction Step 1:   Transaction Analysis Step 2:   Entry Recording Step 3:   Entry Posting Step 4:   Preparing Trial Balance General Journal General Ledger Trial Balance Balance Sheet =+++++++++++++++++ ++ Assets Liabilities Common  Stock Retained  Earnings Stockholders’ Equity Statements of Retained Earnings Dividends Revenues Expenses Investments Income Statement Dr.    Cr.
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DiscussionSection_2_20090602 - Introduction to Financial...

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