Financial Accounting (ACCT2200)
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Here are the best resources to pass Financial Accounting (ACCT2200). Find Financial Accounting (ACCT2200) study guides, notes, assignments, and much more.
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Exam (elaborations)
Bank Reconciliation Statements Study material Latest Update 2023/2024
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---18June 20242023/2024A+
- Bank Reconciliation Statements (With answers) 
A. Purpose of a bank reconciliation 
It should be prepared regularly as part of the internal control system of the business to check: 
a) the accuracy of the cash book 
b) the accuracy of the bank statement 
c) that undue delay is not occurring between payments, receipts and their clearance by the 
bank 
d) to discover payments made and items received by the bank not entered in the cash book 
B. Reasons for differences in bank statement and cash boo...
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$9.99 More Info
Ellisolutions
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Exam (elaborations)
For a 5-year period, a stock had annual returns of 6.4 percent,... For a 5-year period, a stock had annual returns of 6.4 percent, -11.2 percent, 0.3 percent, 19.8 percent, and 13.4 percent. What is the arithmetic average return? Group of answer choices
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---3April 20222021/2022A+
- For a 5-year period, a stock had annual returns of 6.4 percent,... 
For a 5-year period, a stock had annual returns of 6.4 percent, -11.2 percent, 0.3 percent, 19.8 percent, and 13.4 percent. What is the arithmetic average return? 
Group of answer choices
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$7.99 More Info
kraft
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Package deal
Corporate Accounting complete package
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---19November 2021
- Administrative matters
Discussion of Accounting
 Why is accounting interesting?
 Why do we need accounting?
Course objective
 Sophisticated financial statement 
user
An overview of information in 
financial statements

complete information of accounting
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$201.69 More Info
mdsarfaraz
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Class notes
Current Liabilities and Contingencies
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--12November 20212021/2022Available in bundle
- Nature and reporting of current liabilities 
 Understand the nature and reporting 
requirements of contingencies 
 Illustrate the trade-off between reliability 
and relevance in accounting for 
contingencies
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$30.99 More Info
mdsarfaraz
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Class notes
Accounting for Long-Term Debt
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--28November 20212021/2022Available in bundle
- Extend our understanding of valuation methods 
beyond simple present value calculations. 
 Understand the terminology of long-term debt 
 Bonds – coupon and zero-coupon bonds 
 At Par vs. Discount vs. Premium 
 Market interest rate versus coupon rate 
 Mortgages – Interest plus Principal paid each period 
 Practice bookkeeping for debt issuance, interest 
accruals, periodic payments, and debt retirement. 
 Understand how long-term debt affects financial 
statements over ti...
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$30.99 More Info
mdsarfaraz
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Class notes
Time Value of Money
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--19November 20212021/2022Available in bundle
- Obligations that must be discharged in a short 
period of time (generally less than one year) 
 Reported on balance sheet at nominal value 
examples: 
 Accounts payable 
 Short-term borrowings 
 Current portion of long-term debt 
 Deposits 
 Warranties 
 Deferred Revenues / Income
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$30.99 More Info
mdsarfaraz
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Class notes
Accounting for Leases
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--22November 20212021/2022Available in bundle
- Understand the rationale for leasing and 
the distinction between operating and 
capital leases. 
 Understand the Income Statement and 
Balance Sheet differences between 
operating and capital leases from the 
lessee’s perspective.
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$30.99 More Info
mdsarfaraz
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Class notes
Accounting for Marketable Securities
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--17November 20212021/2022Available in bundle
- Understand when accounting departs from 
the “transactions- based” model and 
towards market-driven valuations
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$30.99 More Info
mdsarfaraz
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Class notes
Depreciation and Deferred Taxes
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--4November 20212021/2022Available in bundle
- Tax Depreciation 
 Accelerated depreciation 
 No judgment in determining depreciation expense 
 Tax Reporting 
≠ Financial Reporting ==> timing 
differences in measurement of income 
 Why would a firm prefer accelerated depreciation for tax 
purposes? 
 Why does government allow this? 
 Why not use the tax method for financial reporting? 
 Different depreciation for tax and financial reporting 
gives rise to Deferred Taxes
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$30.99 More Info
mdsarfaraz