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  • Woodbridge, Ontario

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Woodbridge College Documents (665)

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  • 8 pages Adjusting Entries.pdf
    • Adjusting Entries.pdf
    • Woodbridge College
    • Financial Accounting Fundamentals
    • BAF 3M - Fall 2011
    • What are adjustments? Adjustments are exactly what the name suggests: they are adjustments made to the accounting records of a company at the end of the accounting cycle. Adjustments are made to ensure that financial information adheres to GAAP and are ac
    • Register Now

    Adjusting Entries.pdf

  • 2 pages Consumer meets Producer.pdf
    • Consumer meets Producer.pdf
    • Woodbridge College
    • Economics
    • ECON CIA3M - Spring 2017
    • The quantity of a good or service that buyers are willing and able to buy at all possible prices during a period of time. Demand curve: a graph of the relationship between the price of a good and the quantity demanded The amount of a good or service that
    • Register Now

    Consumer meets Producer.pdf

  • 3 pages Introduction to Economics Lesson One.pdf
    • Introduction to Economics Lesson One.pdf
    • Woodbridge College
    • Economics
    • ECON CIA3M - Spring 2017
    • Scarcity: Scarcity: Makes choices on what you need the most for example: your shoes have holes in them but your sweater is fine so you will buy new shoes. The basic economic problem that arises because people have unlimited wants but resources are limit
    • Register Now

    Introduction to Economics Lesson One.pdf

  • 4 pages Periodic Inventory - Cost of Goods Solds COGS.pdf
    • Periodic Inventory - Cost of Goods Solds COGS.pdf
    • Woodbridge College
    • Financial Accounting Fundamentals
    • BAF 3M - Fall 2011
    • The Merchandising Company: There are 3 types of Businesses: A Service Company A Merchandise Company A Manufacturing Company We have covered the Accounting Cycle for a Service Company, now we will learn the differences of a Merchandise company. A manufa
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    Periodic Inventory - Cost of Goods Solds COGS.pdf

  • 3 pages Financial Planning Prinicples.pdf
    • Financial Planning Prinicples.pdf
    • Woodbridge College
    • Economics
    • ECON CIA3M - Spring 2017
    • Income Management: How you deal with money Simple but not necessarily easy. income: money in expenses: money out income > expenses = happy times expenses > income = not so happy What is income? Income: is money that an individual or business receives
    • Register Now

    Financial Planning Prinicples.pdf

  • 1 pages Ethics is Accounting.pdf
    • Ethics is Accounting.pdf
    • Woodbridge College
    • Financial Accounting Fundamentals
    • BAF 3M - Fall 2011
    • Business Ethics: Everyday accountants and business people in general make decisions. Decision-making is the primary job of a manager, entrepreneur, accountant, etc. Some of these decisions may involve ethical dilemmas. For example: a manager may conside
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    Ethics is Accounting.pdf

  • 3 pages Production Possibilities Frontier.pdf
    • Production Possibilities Frontier.pdf
    • Woodbridge College
    • Economics
    • ECON CIA3M - Spring 2017
    • Production Possibilities Frontier Utility: Before looking at the PPF, we must first examine Utility to fully understand a nation/persons rationale for making a decision. Utility: The satisfaction gained from any action. Utility Maximization Economists As
    • Register Now

    Production Possibilities Frontier.pdf

  • 3 pages Scarcity Lesson two.pdf
    • Scarcity Lesson two.pdf
    • Woodbridge College
    • Economics
    • ECON CIA3M - Spring 2017
    • Economics: The science that studies the choices that people make as they try to satisfy their unlimited wants & needs in a world of scarcity. Factors of Production( Economic resources): All goods and services are a result of some combination of the three
    • Register Now

    Scarcity Lesson two.pdf

  • 4 pages Introduction To Demand.pdf
    • Introduction To Demand.pdf
    • Woodbridge College
    • Economics
    • ECON CIA3M - Spring 2017
    • xWhy study Demand? If we know how Governments, Markets, Business and people work, then we can better understand the different factors that impact our daily lives The more we know about these factors, the better we will be able to explain for example why
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    Introduction To Demand.pdf

  • 2 pages Price Ceiling .pdf
    • Price Ceiling .pdf
    • Woodbridge College
    • Economics
    • ECON CIA3M - Spring 2017
    • Ceiling Price: A restriction placed by a government in order to prevent the price of a product from rising above a certain level. If the ceiling price is set below the equilibrium price, a shortage will result. There are three possible outcomes of price c
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    Price Ceiling .pdf

  • 2 pages Scarcity and Decision Making Feb 11 2017.pdf
    • Scarcity and Decision Making Feb 11 2017.pdf
    • Woodbridge College
    • Economics
    • ECON CIA3M - Spring 2017
    • Chapter one: Page 1: 1. What are the individuals shown in these photographs doing? They are all seen purchasing something, or trying to decide what to get. 2. What problem is common to these situations? They all dont know if they should get it or not. 3.
    • Register Now

    Scarcity and Decision Making Feb 11 2017.pdf

  • 3 pages Closing Entries and the Post-Closing Trial Balance.pdf
    • Closing Entries and the Post-Closing Trial Balance.pdf
    • Woodbridge College
    • Financial Accounting Fundamentals
    • BAF 3M - Fall 2011
    • Journalizing Adjusting Entries: You have now learned every step in the accounting cycle, except the last. This is where you journalize the adjusting entries (after they are recorded on the worksheet), and where you perform closing journal entries. After
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    Closing Entries and the Post-Closing Trial Balance.pdf

  • 3 pages Theory of the Firm The Profit Incentive.pdf
    • Theory of the Firm The Profit Incentive.pdf
    • Woodbridge College
    • Economics
    • ECON CIA3M - Spring 2017
    • Incentives: Are things that motivate an individual to do something or take action. (i.e. a reward) Theory of the firm: The theory of the firm states that firms (businesses) exist and make decisions in order to maximize profits. Businesses interact with th
    • Register Now

    Theory of the Firm The Profit Incentive.pdf

  • 3 pages Buying your first home.pdf
    • Buying your first home.pdf
    • Woodbridge College
    • Economics
    • ECON CIA3M - Spring 2017
    • Eight Steps to buying your first home: 1.Decide to buy. Make the decision to buy 2.Hire your agent. Find an agent who will help you buy a house 3.Secure financing. Go to the bank to see if you can afford it 4.Find your home. Itll take some time 5. Mak
    • Register Now

    Buying your first home.pdf

  • 2 pages Posting.pdf
    • Posting.pdf
    • Woodbridge College
    • Financial Accounting Fundamentals
    • BAF 3M - Fall 2011
    • Posting: Posting: The process of recording amounts as credits and debits in the pages of the general ledger from the General Journal. Posting in accounting is when the balances in ledgers and the general journal are shifted into the general ledger. Postin
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    Posting.pdf

  • 2 pages Money Banking.pdf
    • Money Banking.pdf
    • Woodbridge College
    • Economics
    • ECON CIA3M - Spring 2017
    • History of Money: First, there was Barter( trade with someone). Problems with Barter: You might not get the same value back If you dont have the thing the other person wants then it wont occur Commodity money: This money takes the form of a commodity
    • Register Now

    Money Banking.pdf

  • 2 pages Market Systems.pdf
    • Market Systems.pdf
    • Woodbridge College
    • Economics
    • ECON CIA3M - Spring 2017
    • Economic System: The set of laws, institutions, and common practices that help a nation determine how to use its scarce resources to satisfy as many of its peoples needs and wants as possible. Over time, three distinct ways of answering the three basic pr
    • Register Now

    Market Systems.pdf

  • 2 pages Cross Referencing.pdf
    • Cross Referencing.pdf
    • Woodbridge College
    • Financial Accounting Fundamentals
    • BAF 3M - Fall 2011
    • Cross Referencing Cross-referencing is the recording of the journal page number in the account and the recording of the accounting number in the journal. This is done for 3 reasons: 1. 2. 3. Entries in accounts can easily be traced back to their source in
    • Register Now

    Cross Referencing.pdf

  • 2 pages Periodic Inventory Journal Entries.pdf
    • Periodic Inventory Journal Entries.pdf
    • Woodbridge College
    • Financial Accounting Fundamentals
    • BAF 3M - Fall 2011
    • Updated Chart of Accounts: Assets 100-199 Liabilities 200-299 Capital (including Drawings) 300-399 Revenues 400-499 COGS Expenses 500-599 Operating Expenses 600-699 Discounts: Discounts are offered to people who buy on account: either from you Sal
    • Register Now

    Periodic Inventory Journal Entries.pdf

  • 1 pages The role of supply.pdf
    • The role of supply.pdf
    • Woodbridge College
    • Economics
    • ECON CIA3M - Spring 2017
    • What is Supply? Whereas demand refers to the behaviour of consumers, supply refers to the behaviour of firms. The term Supply is a relationship between two variables: a. The price of a particular good and; b. The quantity of the good that firms are willin
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    The role of supply.pdf

  • 3 pages The Extended Ledger.pdf
    • The Extended Ledger.pdf
    • Woodbridge College
    • Financial Accounting Fundamentals
    • BAF 3M - Fall 2011
    • Revenues: related to the sale of goods and services. Examples: Service Revenue, Fees Earned, Commissions Earned, Interest Revenue, Royalties Earned, etc. Since revenues increase the Capital account, their balance will be of a credit (CR) nature. Rules to
    • Register Now

    The Extended Ledger.pdf

  • 2 pages The Generally Accepted Accounting Principles.pdf
    • The Generally Accepted Accounting Principles.pdf
    • Woodbridge College
    • Financial Accounting Fundamentals
    • BAF 3M - Fall 2011
    • What is GAAP? GAPP: Generally Accepted Accounting Principles GAAPs are the ground rules used by business in presenting financial information. They allow the users of accounting information to make accurate comparisons of data from different businesses. GA
    • Register Now

    The Generally Accepted Accounting Principles.pdf

  • 3 pages HST - Harmonized Sales Tax.pdf
    • HST - Harmonized Sales Tax.pdf
    • Woodbridge College
    • Financial Accounting Fundamentals
    • BAF 3M - Fall 2011
    • HST - Harmonized Sales Tax Collecting: What you contribute as a customer, they are collected by the business and is later paid by the business to the government. Remitting: Filling of the taxes. Recovering: Business gets the money back HST is a tax tha
    • Register Now

    HST - Harmonized Sales Tax.pdf

  • 4 pages Purpose of Accounting Accounting InformationusesStructures.pdf
    • Purpose of Accounting Accounting InformationusesStructures.pdf
    • Woodbridge College
    • Financial Accounting Fundamentals
    • BAF 3M - Fall 2011
    • Accounting is often called the language of business because it uses a unique vocabulary to communicate information to decision makers. Accounting is the process of identifying, measuring, recording, and communicating an organizations economic activities t
    • Register Now

    Purpose of Accounting Accounting InformationusesStructures.pdf

  • 2 pages The Capital Section of the Classified Balance Sheet.pdf
    • The Capital Section of the Classified Balance Sheet.pdf
    • Woodbridge College
    • Financial Accounting Fundamentals
    • BAF 3M - Fall 2011
    • The Capital Section of the Classified Balance Sheet: The revenues, expenses, and drawings determine the capital of a company at the end of a fiscal period. Another style balance sheet is the report form. The balance sheet is presented in a vertical forma
    • Register Now

    The Capital Section of the Classified Balance Sheet.pdf

  • 2 pages The General Journal.pdf
    • The General Journal.pdf
    • Woodbridge College
    • Financial Accounting Fundamentals
    • BAF 3M - Fall 2011
    • Definitions: Journal: a book in which the accounting entries for all transactions are recorded first, before they are recorded in the ledger accounts. Journalizing: process of recording accounting entries in the journal. General Journal: In the past acti
    • Register Now

    The General Journal.pdf

  • 2 pages Balance sheet.pdf
    • Balance sheet.pdf
    • Woodbridge College
    • Financial Accounting Fundamentals
    • BAF 3M - Fall 2011
    • Balance Sheet: A statement showing the financial position of a person or a business. Make sure to double underline after totalling up Assets Be sure to include name of company, balance sheet and date for title Assets is organized depending on how fast
    • Register Now

    Balance sheet.pdf

  • 2 pages Lesson one Welcome to the World of Accounting .pdf
    • Lesson one Welcome to the World of Accounting .pdf
    • Woodbridge College
    • Financial Accounting Fundamentals
    • BAF 3M - Fall 2011
    • Bookkeeping vs. Accounting Bookkeeping: Refers to the process of recording economic events( i.e changes in financial positions) Examples of changes in financial position include selling goods or services, paying employees etc. Bookkeeping is comprised o
    • Register Now

    Lesson one Welcome to the World of Accounting .pdf

  • 1 pages Business Transactions.pdf
    • Business Transactions.pdf
    • Woodbridge College
    • Financial Accounting Fundamentals
    • BAF 3M - Fall 2011
    • Transactions tend to cause changes in the financial position of a company. For example, if a customer owes a company $3 000.00 and decides one day to pay this debt, the total Accounts Receivable would be deducted by $3 000.00 while the Cash of the compa
    • Register Now

    Business Transactions.pdf

  • 3 pages The income statement.pdf
    • The income statement.pdf
    • Woodbridge College
    • Financial Accounting Fundamentals
    • BAF 3M - Fall 2011
    • The income statement: A financial statement that summarizes the items of revenue and expense, and shows the net income or net loss of a business over a given period of time. Definitions: Operating income: Earned from primary day to day operations Income f
    • Register Now

    The income statement.pdf

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