ACTG 500 Handout 3 Transaction analysis continued

ACTG 500 Handout 3 Transaction analysis continued - 1 ACTG...

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Unformatted text preview: 1 ACTG 500 Introduction to Financial Accounting Fall 2009 UIC College of Business Administration The Operating Cycle ACTG 500 3-2 2 Operating Cycle to Financial Accounting Assets Resources required to generate revenues Long-term (Non-current) Property, plant and equipment (PP&E) Long-term investments Intangible assets (e.g., patents, copyrights, goodwill) Short-term (Current): Gross working capital Cash Inventories Accounts receivable Prepaid expenses ACTG 500 3-3 Operating Cycle to Financial Accounting Liabilities Funds contributed by outsiders Long-term (Non-current) Public debt (e.g., bonds, notes, bank loans) Private debt Short-term (Current) Accounts payable (trade credit from suppliers) Accrued liabilities (e.g., interest payable, rent payable, salaries/wages payable) Unearned revenues Current maturities of long-term debt Net working capital (NWC) Current assets Current liabilities ACTG 500 3-4 3 Operating Cycle to Financial Accounting Shareholders Equity Funds contributed by (and belonging to) owners of the firm Contributed capital Common and preferred stock Additional paid-in capital Earned capital Retained earnings Other accounts Other accounts...
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This note was uploaded on 03/06/2011 for the course ECON 435 taught by Professor Galven during the Spring '11 term at Ill. Chicago.

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ACTG 500 Handout 3 Transaction analysis continued - 1 ACTG...

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