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Exam (elaborations)

Financial Test 1 Study Guide

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Financial Test 1 Study Guide Know the steps in the accounting information system Know the definition of current assets & liabilities Know the difference between cash & accrual accounting Know the types of activities that make up operating, investing & financing activities Know why adjusting entries need to be made Know the accounting equation Know the different forms of business organizations & the pros & cons of each Know the main liquidity ratios Know the main profitability ratios Know what solvency ratios measure Know the debit/credit increase/decrease rules (journalizing) Know the revenue recognition principle & how it applies Know the matching principle &... Continues...

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Uploaded on
September 7, 2023
Number of pages
1
Written in
2023/2024
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

  • 2023 2025

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