ch3_sp11 - BCOR 2000 Chapter 3 Operating Decisions and the...

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Unformatted text preview: BCOR 2000 Chapter 3 Operating Decisions and the Income Operating Decisions and the Income Statement Statement Game Plan Chapter 3: Operating cycle Income Statement form and elements Accrual basis accounting Expanded Transaction Analysis include operating-related activities & JEs Chapter 4: Adjustments @ period ends and generating financial statements Operating (Cash-to-Cash) Cycle Acquire Goods Acquire Goods and/or Services and/or Services for cash or other for cash or other consideration consideration Acquire Goods Acquire Goods and/or Services and/or Services for cash or other for cash or other consideration consideration Deliver product or Deliver product or provide service to provide service to customers for customers for cash or on credit cash or on credit Deliver product or Deliver product or provide service to provide service to customers for customers for cash or on credit cash or on credit If acquisition not If acquisition not with cash, pay with cash, pay suppliers of suppliers of goods and goods and services services If acquisition not If acquisition not with cash, pay with cash, pay suppliers of suppliers of goods and goods and services services Receive payment Receive payment from customers if from customers if sale is on credit sale is on credit Receive payment Receive payment from customers if from customers if sale is on credit sale is on credit Start Start Typical Income Statement Form...
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This note was uploaded on 10/29/2011 for the course BCOR 2000 taught by Professor Brush during the Spring '07 term at Colorado.

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ch3_sp11 - BCOR 2000 Chapter 3 Operating Decisions and the...

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