Wall Street Prep Accounting
Wall Street
Crash
PrepCourse
Accounting
Wall Street
Introduction
Crash
PrepCourse
Accounting
and Income
Introduction
Crash
Statement
Course
and Study
Income
Introduction
Guide
Statement
and
and
Exam
Study
Income
Questions.pdf
Guide
Statement
and Exam
StudyQuestions.pdf
Guide and Exam Questions.pdf
Wall Street Prep
Accounting Crash
Course
Introduction and
Income Statement
Study Guide and
Exam Questions
Wall Street Prep Accounting
Wall Street
Crash
PrepCourse
Accounting
Wall Street
Introduction
Crash
PrepCourse
Accounting
and Income
Introduction
Crash
Statement
Course
and Study
Income
Introduction
Guide
Statement
and
and
Exam
Study
Income
Questions.pdf
Guide
Statement
and Exam
StudyQuestions.pdf
Guide and Exam Questions.pdf
,Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf
Terms in this set (108)
What is accounting? • Accounting is the language of business. It is a standard set of rules for
measuring a firm's financial performance. Assessing a company's financial
performance is important for many groups, including:
• The firm's officers (managers and employees)
• Investors (current and potential shareholders) • Lenders (banks)
• General public • Standard financial statements serve as a "yardstick" of
communicating financial performance to the general public.
• For example, monthly sales released by McDonald's Corp. provide both
its managers and the general public with an opportunity to assess the
company's financial performance across major geographic segments (U.S.,
Europe, Asia Pacific, Middle East, and Africa).
Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf
,Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf
Why is accounting important? Making corporate decisions • Suppose a telecom company is looking to
acquire a regional company to boost its presence in that region. There are
several potential targets that fit the bill. How does this company determine
which of these, if any, companies would make a good acquisition
candidate?
Making investment decisions
• A mutual fund is looking to invest in several diverse technology
companies – Microsoft, Oracle, and Intel. How does this mutual fund
determine in which of these, if any, companies it should make an
investment?
• A major part of corporate and investment decisions relies on analyzing
each of the companies’ financial information in the above-mentioned
cases
.• Accounting, the standard language by which such financial information
can be assessed and compared, is fundamental to making these decisions.
Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf
, Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf
Who uses accounting? • Accounting is used by a variety of organizations - from the federal
government to non-profit organizations to small businesses to
corporations.
• We will be discussing accounting rules as they pertain to publicly-traded
companies.
Generally Accepted Accounting Principles (GAAP) • In the Unites States, a governmental agency called the Securities and
Exchange Commission (SEC) authorizes the Financial Accounting
Standards Board (FASB) to determine U.S. accounting rules.
• FASB communicates these rules through the issuance of Statements of
Financial Accounting Standards (SFAS). These statements make up the
body of accounting rules known as the Generally Accepted Accounting
Principles (GAAP).
• These rules have been developed to provide guidelines for financial
accounting in order to ensure that businesses present their financial
information in a fair, consistent, and straightforward basis. Financial
statements must be prepared according to GAAP.
Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf
Wall Street
Crash
PrepCourse
Accounting
Wall Street
Introduction
Crash
PrepCourse
Accounting
and Income
Introduction
Crash
Statement
Course
and Study
Income
Introduction
Guide
Statement
and
and
Exam
Study
Income
Questions.pdf
Guide
Statement
and Exam
StudyQuestions.pdf
Guide and Exam Questions.pdf
Wall Street Prep
Accounting Crash
Course
Introduction and
Income Statement
Study Guide and
Exam Questions
Wall Street Prep Accounting
Wall Street
Crash
PrepCourse
Accounting
Wall Street
Introduction
Crash
PrepCourse
Accounting
and Income
Introduction
Crash
Statement
Course
and Study
Income
Introduction
Guide
Statement
and
and
Exam
Study
Income
Questions.pdf
Guide
Statement
and Exam
StudyQuestions.pdf
Guide and Exam Questions.pdf
,Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf
Terms in this set (108)
What is accounting? • Accounting is the language of business. It is a standard set of rules for
measuring a firm's financial performance. Assessing a company's financial
performance is important for many groups, including:
• The firm's officers (managers and employees)
• Investors (current and potential shareholders) • Lenders (banks)
• General public • Standard financial statements serve as a "yardstick" of
communicating financial performance to the general public.
• For example, monthly sales released by McDonald's Corp. provide both
its managers and the general public with an opportunity to assess the
company's financial performance across major geographic segments (U.S.,
Europe, Asia Pacific, Middle East, and Africa).
Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf
,Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf
Why is accounting important? Making corporate decisions • Suppose a telecom company is looking to
acquire a regional company to boost its presence in that region. There are
several potential targets that fit the bill. How does this company determine
which of these, if any, companies would make a good acquisition
candidate?
Making investment decisions
• A mutual fund is looking to invest in several diverse technology
companies – Microsoft, Oracle, and Intel. How does this mutual fund
determine in which of these, if any, companies it should make an
investment?
• A major part of corporate and investment decisions relies on analyzing
each of the companies’ financial information in the above-mentioned
cases
.• Accounting, the standard language by which such financial information
can be assessed and compared, is fundamental to making these decisions.
Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf
, Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf
Who uses accounting? • Accounting is used by a variety of organizations - from the federal
government to non-profit organizations to small businesses to
corporations.
• We will be discussing accounting rules as they pertain to publicly-traded
companies.
Generally Accepted Accounting Principles (GAAP) • In the Unites States, a governmental agency called the Securities and
Exchange Commission (SEC) authorizes the Financial Accounting
Standards Board (FASB) to determine U.S. accounting rules.
• FASB communicates these rules through the issuance of Statements of
Financial Accounting Standards (SFAS). These statements make up the
body of accounting rules known as the Generally Accepted Accounting
Principles (GAAP).
• These rules have been developed to provide guidelines for financial
accounting in order to ensure that businesses present their financial
information in a fair, consistent, and straightforward basis. Financial
statements must be prepared according to GAAP.
Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf Wall Street Prep - Accounting Crash Course - Introduction & The Income Statement.pdf
