Lecture16 - Lecture 16 REVIEW EXAM II REVIEW EXAM II...

Info iconThis preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon
Lecture 16 REVIEW – EXAM II
Background image of page 1

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

View Full DocumentRight Arrow Icon
REVIEW – EXAM II Statement of Cash Flows (background) Accounts Receivable Inventory Long lived Assets
Background image of page 2
Statement of Cash Flows What is the SCF? 3 categories Operating Investing Financing SCF articulates with the balance sheet
Background image of page 3

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

View Full DocumentRight Arrow Icon
Statement of Cash Flows Examples of questions we can ask: Cash collected from customers Cash paid to suppliers Etc Key to note the difference between change in working capital amounts on the balance sheet and the change reported in the SCF.
Background image of page 4
Accounts Receivable Direct write-off method Allowance method Percentage of sales method Ageing of accounts Know the disclosure of accounts receivable information Sales discounts, returns and allowances
Background image of page 5

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

View Full DocumentRight Arrow Icon
Accounts Receivable Examples of questions we can ask: How would income be different if a different method was used to calculate bad debt expense? Be able to identify information in Schedule II
Background image of page 6
Image of page 7
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 12

Lecture16 - Lecture 16 REVIEW EXAM II REVIEW EXAM II...

This preview shows document pages 1 - 7. Sign up to view the full document.

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