Women and the Priesthood
Joseph. F. Smith once said that the priesthood is the power of God delegated to man by
which man can act in the earth for the salvation of the human family. The responsibility of
governing and presiding over
Close Reading 2
In my opinion, I strongly believe that you should not end your own life based on what
other people think of you. Like Kant, I think that telling the truth in this case is very important
because if you love someone and plan on b
Taxation on the CPA Examination
Four sections: Auditing and Attestation (AUD), Business Environment concepts (BEC), Financial
Accounting and Reporting (FAR), and Regulation (REG)
Less emphasis on remembering-and-understanding; more emphasis on higher-leve
Chapter 1: Understanding and Working with the Federal Tax Law
The Whys of the Tax Law
Federal tax law is a mixture of the three branches of government
o Laws passed by Congress
o Explanations provided by the Treasury Department / IRS
o Court decisions
Professor Karen Nelson
Conns is a leading specialty retailer that offers a broad selection of quality, branded durable
consumer goods and related services. Headquartered in The Woodlands, Texas, Conns a
Professor Karen Nelson
Boeing is the worlds largest aerospace company and leading manufacturer of commercial
jetliners and defense, space and security systems. Below is a footnote extracted from their
Professor Karen Nelson
Allegheny Technologies is one of the largest and most diversified specialty materials and
components producers in the world. Alleghenys accounting policy for inve
FASB, SEC, IASB
Accounting standard-setters use the following process in establishing accounting standards:
2. Public input
3. Exposure draft
The expectations gap is:
What the public thinks accountants should do and what
Cost accounting information system vs operational control information system
Cost AIS: Cost management subsystem made to assign costs to individual products and services and
other objects assigned by management.
Operational Control IS:
Marginal Tax Rate
The marginal tax rate is the tax rate that applies to the next additional increment of a taxpayers taxable
income (or deductions)
Where old refers to the current
tax and new refers to the revised tax after incorporatin
If there is a conflict with the constitution and anything else, the constitution wins.
Because the constitution is the supreme law of the land aka Supremacy Clause.
Federal Law preempts any other law that might be
Acc 200 Class 13
What SHOULD You Have Done
Before the Start of Class Today?
1. Done the Packet reading
and Watched the Software.
2. Completed the pre-class
3. Found your assigned seat.
PRACTICE PROBLEMS AND SOLUTIONS Class 7
From MyEducator Topic 3 (The Accounting Cycle: The Mechanics of Accounting)
PE 311 (LO3)
PE 312 (LO3)
PE 313 (LO3)
Acc 200 Class 27
The Balanced Scorecard
The Optometrists Office
Numerical measures that change behavior
4 Key Measures
Your Personal Balanced Sco
PRACTICE PROBLEMS AND SOLUTIONS Class 5
From MyEducator Topic 2 (The Financial Statements: An Overview)
PE 29 (LO2)
Computation of total revenues:
PE 210 (LO2)
Acc 200 Winter 2017
WHAT DO YOU NEED TO SUBMIT?
Your assignment with Paper C is to do the following two things.
1. Visit the Web sites given below and find answers to the associated questions.
Write brief answers to each of the 10 questions. Yo
Acc 200- Introduction to Accounting
Winter 2017 Sections 1, 2, and 6
Earl K. Stice
Office: 533 TNRB
E-mail: [email protected]
Email for the Accounting TAs in the Accounting Lab in the HBLL: [email protected]
Office Hours: M and W 9:30 a.m. 10:30 a.m
MyEducator Topic 18.1
MyEducator PowerPoint Slides for
What is the purpose of
a Day Planner?
an iPhone calendar?
a desk calendar?
an executive secretary?
1.San Francisco Giants
Hemming Morse Inc.
Union bank of California
San Francisco 49ers
Frank Rimerman Inc.
2. Corny. Language of Business
3. Initial: Law degree
Why did he change: Opportunities wher
All numbers are in millions of
Cost of sales (or cost of
Balance Sheet Numbers
Total stockholders equity
Why Are You Here
Tips for Studying
Know the syllabus and grading system
Complete all assigned reading
Attend class and participate
Use outline-style notes
Understand legal principles/elements
Dont miss quizzes/iClicker pop qui
Introduction to Debits and Credits
An account can be thought of as a page in a book in which all of the events
impacting a certain item (such as cash, loans payable, land, and so forth) are recorded.
By convention, the LEFT side of the page is called the
Before the Acc 200 Final Exam in Fall 2011, an unfortunate breech in exam
security allowed a very small group of students to construct a study guide for
the final exam. Because this study guide will probably be circulated among at
least some Acc 200 stude
January 9, 2017
Funding for Lilys Ice Cream Company
Family and friends
Door to to door in your LDS wards
Loan from your bank
o How do you convince strangers to invest $100 million to your company
Why do companies manage earnings?
Looking good for a loan application or an IPO (window dressing)
Meeting Internal management bonus threshold
Meeting analyst expectation.
Old fashioned income smoothing
How do you manage earnings?
Strategic timing of
January 11, 2017
What things do I need to duplicate Walmar?
Investors, bank, friend
CEO, managers, employees
Assets = Valuable items acquired in past tran
Practice Final Exam
(Classes 19 through 28)
The Final Exam is COMPREHENSIVE. One-eighth of the questions (5 out of 40) come
from Exam 1 material. Another 30% (12 out of 40) come from Exam 2 material. The
remaining 23 Final Exam questions co
Understanding the Balance Sheet
Expense = Income statement BUT
PREPAID Expense = ASSET EXAM
Un-Earned Revenue = LIABILITY EXAM
Accrued Liability: something you owe that builds up
Paycheck: everyday you work, the company owes you money
ACC 200: Accounting
Need for Accounting: Lilys Ice Cream Company
How does she get the money?
-$100 million to start
-loan from a bank (or syndicate of banks)
-GO PUBLIC: STOCK
How does Lily convince the public to invest $100 mill
-REMBMER to go over ALL slides including hints and solutions slides
-Best predictor of forecast for income for next year = INCOME FROM CONTINUING OPERATIONS (take
-Divide Income tax expense (calculation) by Net Income to get INCOME