AC 239 Unit 4 Glossary
Activity-Based Costing: Method for accumulating and allocating factory overhead costs Cost Accounting Systems: Measure, record, and report product costs Cost of Production Report: A report prepared periodically by a processing depar
Unit 2: Financial Statement Analysis - Practice for Review 1. If comparative balance sheets indicate no liability for bonds payable on the preceding year and a liability of $330,000 on the current year, the increase of $330,000 can be stated as a 100% inc
Notes Receivable and Accounts Receivable can also be called trade receivables. (Points: 1) True False
2. Receivables from company owners and officers should be disclosed separately on the balance sheet. (Points: 1) True False
3. Other receivables include
AC 239 PRACTICE FINAL EXAM QUESTIONS & ANSWERS Chapter 16
1. The statement of cash flows reports a. cash flows from operating activities b. total assets c. total changes in stockholders' equity d. changes in retained earnings ANS: A 2. A ten-year bond was
Unit 7: Performance Evaluation Using Variances from Standard Costs - Practice for Review
1. The difference between the standard cost of a product and its actual cost is called a variance. (Points: 1) True False 2. Standards are performance goals used to e
Test 1 Summer 2005 Accounting 2301
Multiple Choice Identify the letter of the choice that best completes the statement or answers the question. _ 1. Allowance for Doubtful Accounts has a credit balance of $800 at the end of the year (before adjustm
1. Which of the following costs are referred to as conversion costs? (Points: 1) Direct labor cost and factory overhead cost 2. Which of the following is considered a part of factory overhead cost? (Points: 1) Depreciation of factory buildings 3. Which of
What is goal setting and why is it important?
1) What are Short-term goals? Those goals that can be achieved in a relatively brief period of time- 1 year or less. 2) What are Intermediate-term goals? They can be achieved in 1 to 5 years. 3) What are Long-
1. LIGHTWORKS COMPANY Income Statement For the Year Ended July 31, 2010 Revenues: Fees revenue. Rent revenue. Total revenues. Expenses: Salaries and wages expense. Advertising expense. Utilities expense. Repairs expense. Depreciation expenseequi
Chapter 1 Key Terms AC114 Accounting I
account form account payable account receivable accounting accounting equation assets balance sheet business The form of balance sheet that resembles the basic format of the accounting equation, with assets on the le
Chapter 2 Key Terms AC114 Accounting I
account account receivable assets balance of the account capital account chart of accounts correcting journal entry credits debits double-entry accounting system drawing expenses horizontal analysis journal journal e
Chapter 3 Key Terms AC114 Accounting I
accounting period concept The accounting concept that assumes that the economic life of the business can be divided into time periods.
accrual basis Under this basis of accounting, revenues and expenses are reported
Chapter 4 Key Terms AC114 Accounting I
accounting cycle clearing account closing entries closing process The process that begins with analyzing and journalizing transactions and ends with the post-closing trial balance. Another name for the income summary
Revised July 2008
EXAM REVIEW ACCOUNTING 101 - UNIT III - CHAPTERS 7, 8 & 9
STUDY SUGGESTIONS Review your class notes, homework exercises and problems. Be sure to review any chapter appendicies assigned on the General Course Outline. Review Demonstration
AC 116 MIDTERM QUESTIONS AND ANSWERS Chapter 8
1. A necessary element of internal control is a. database b. systems design c. systems analysis d. information and communication ANS: D 2. An example of a preventive control is a. the use of a bank account b.
Vocabulary Words UNIT 4 Chapter 10:
Accelerated depreciation method A depreciation method that provides for a higher depreciation amount in the first year of the asset's use, followed by a gradually declining amount of depreciation.
Unit 9: Statement of Cash Flows - Practice for Review
1. The main disadvantage of the direct method of reporting cash flows from operating activities is that the necessary data are often costly to accumulate. (Points: 1) True False 2. When analyzing nonca
Vocabulary Words UNIT 5 Chapter 11: Contingent liabilities Liabilities that may arise from past transactions if certain events occur in the future.
Defined benefit plan
A pension plan that promises employees a fixed annual pension benefit at retirement, b
Vocabulary Words - UNIT 8 Chapter 14:
Bond A form of an interest-bearing note used by corporations to borrow on a long-term basis.
The contract between a corporation issuing bonds and the bondholders.
The balance of the bond
APA Style: The Basics APA
A UNA University Writing Center Citation and Documentation Presentation
Dr. Robert T. Koch Jr., Ms. Katie Sanders, Mr. Ash Taylor University Writing Center University of North Alabama October 5, 2007
Todays Goals Todays
You now have your feedback from the Writing Center. The goal of this presentation is to demonstrate how to take that information and continue to transform your work into a finished final project.
Question: What direction does the second draft take?
Using Secondary Data for Research and Assessing Source Credibility
Kaplan University Academic Resource Center Presentation
data collection : What? Why? Online resources of secondary data Database searching tips and tricks Evaluating data
Becoming an Academic Writer
Once you enroll in a college or university, you become a member of a community. Although you are a student of Kaplan University, your experience is not limited to a particula
Embracing the Style of Academic Writing
In addition to considering purpose, audience, preferred terms, and appropriate evidence, academic writing has a style that clearly distinguishes it from other ca