ACCOUNTING 209-FINANCIAL ACCOUNTING
Sections 501 and 502
Syllabus, Fall 2014
The primary objective of this course is to enable students to understand how accounting meets the
information needs of various users by developing and communica
Accounting Exam #1 Review
Financial accounting - the field of accounting that focuses on providing
information for external decision-makers.
o Investors, lenders, customers and the federal government
Managerial accounting - the field of accounti
Multi-Step Income statement
A multistep income statement lists several important subtotals. In addition to net income (the bottom
line), it also reports subtotals for gross profit, operating income (also called income from operations),
and income before i
Accounting Exam - Unit Two Review
o Current assets and current liabilities.
o the balance sheet lists assets in order of liquidity.
o Current assets will be converted to cash, sold, or used up during the nex
Running head: CAPITAL STRUCTURE DECISIONS
Capital structure decisions
CAPITAL STRUCTURE DECISIONS
The case presented in the Mini case similar