Time Value of Money
LO1 Contrast simple and compound interest.
A. _ is interest you earn on the initial investment only.
B. To what amount will a $500 deposit grow, assuming 10 percent annual interest paid semiannually,
three years, and simple
PART A OVERVIEW OF LONG-TERM DEBT
LO 1 Explain financing alternatives.
A. Companies obtain external funds through
a. Debt financing (liabilities)
ACCT 201 Sec 001/002
Chapter 1 Study Plan
Before Class on January 12:
1. Watch syllabus video
Before Class on January 14:
1. Read all of Chapter 1
2. Print Chapter 1 Lecture Outline (Blackboard)
3. Print Chapter 1 Homework (CONNECT)
4. Learning Objectives
PART A CURRENT LIABILITIES
LO 1 Distinguish between current and long-term liabilities.
A. _, current liabilities are payable within one year
a. Operating cycle longer than a year? (Winery, p. 370; builders, airplane makers
Receivables and Sales
PART A RECOGNIZING ACCOUNTS RECEIVABLE
LO1 Recognize accounts receivable.
A. Companies record an asset (accounts receivable) and revenue when they sell products and
services to their customers on account, expecting payment
The Accounting Cycle: During the Period
PART A MEASURING BUSINESS ACTIVITIES
LO1 Identify the basic steps in measuring external transactions.
A. External transactions are transactions between the company and separate economic
ACCT 201 Chapter 5 Study Plan Sec 001, 002
Before Class on February 23:
Read Entire Chapter Before Class
Complete Learn Chapter 5 Smart Pre-Test
Complete Chapter 5 Pre-Class Exercises
Print off Homework
Print of Chapter 5 Outline