The adjusting and closing processes in the accounting cycle are illustrated in the
"Accounting Flow_Trial Balance" Excel file available in the Additional Learning Aids
folder under Course information.
A trial balance is a listing of all accounts and their
Salary and Wage
The investing and financing activities are the same for the direct and indirect method,
important to remember.
The investing activities section relates solely to the buying and selling of non-current
assets. You do not include in the investing activities
Three Year Fixed Rate Note
Total cash flow is
$130,000 over the
life of the
does not change.
Introduction and Discussion
Financial analysis is a tool to interpret and monitor financial performance. But financial analysis, or quantitative analysis, needs to be
combined with qualitative analysis to truly interpret data effectivel
Alphabet City, USA
Comparative Balance Sheet
as of December 31
Total current assets
Vehicles, net of accum. depreciation
Equipment, net of accum. depre
What is a Debit and Why are there Credits?
The accounting equation is:
ASSETS = LIABILITIES + CAPITAL
We operate with a double entry accounting system, within which the total dollar value of debit entries must
equal the total dollar value of credit entrie
Traditional role of the accountant has been to measure and report performance, as well as be the custodian of the enterprises
assets. That finite model no longer applies.
Current accounting environment is based on a double entry syste
Crash Copter Company
Big Sky, Utah
Receivables Aging Report
Includes payments through March 24, 2003
Time Since Last Payment
Date of Last
1 - 30 days
Class Discussion Grading Guideline:*
% of Grade
One Main Post Consider the following:
Up to 70%
Students Main Post follows the provided instructions, is
substantive, and addresses each part of the Class Discussion
Present value of $1 is the conversion of a future amount to what it is worth today based on time and yield assumptions.
The present valuing of future amount facilitates the the comparison of various opportunities that do not have the
same elements or timi