Chapter 01(1)

Chapter 01(1) - Principles of Accounting Acct 2101 With Dr Christian E Wurst Jr CPA Alter Hall 442 [email protected] And a host of supporting

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Principles of Accounting Acct 2101 With….
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Dr. Christian E. Wurst Jr. CPA Alter Hall 442 [email protected]
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And a host of supporting characters…(my TA’s)…
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Abigail [email protected] Nicole [email protected] James [email protected] Ben [email protected] Lawron [email protected] Brittany [email protected]
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Chapter 1 Accounting as a Form of Communication
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What Is Business? Activities to provide members of an economic system with goods and services LO1
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Forms of Organization Sole Proprietorship Partnership Corporation one owner two or more owners entity organized under laws of a particular state LO2
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Nonbusiness Entities Government entities Private organizations Federal, State and Local Governments Hospitals, Universities, Cooperatives
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The Nature of Business Activities Financing Activities Investing Activities Operating Activities borrowing sale of stock purchase of assets sale of products/services costs incurred to operate business LO3
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What Is Accounting? Identifying Measuring Communicating Economic Information to various users LO4
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Internal and External Users of Accounting Information Internal Users – Management Creditors Current and Potential Owners Government Agencies Suppliers Trade Associations Financial Analysts Bankers
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This note was uploaded on 04/13/2011 for the course ACCT 2101 taught by Professor Christianwurst during the Spring '08 term at Temple.

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Chapter 01(1) - Principles of Accounting Acct 2101 With Dr Christian E Wurst Jr CPA Alter Hall 442 [email protected] And a host of supporting

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