FINANCIAL ACCOUNTING (ACCT2200)

Administrative matters ƒDiscussion of Accounting ƒ Why is accounting interesting? ƒ Why do we need accounting? ƒCourse objective ƒ Sophisticated financial statement user ƒAn overview of information in financial statements

Discussion of Accounting ƒ Why is accounting interesting? ƒ Why do we need accounting? ƒCourse objective ƒ Sophisticated financial statement user ƒAn overview of information in financial statements

Discussion of Accounting ƒ Why is accounting interesting? ƒ Why do we need accounting? ƒCourse objective ƒ Sophisticated financial statement user ƒAn overview of information in financial statements

Accounting – Mapping of actions and events into financial statements „ (Economic) Principles governing the accounting mapping: Objectivity, conservatism, revenue recognition, and matching

The major objectives of this course, as designed, are to enable the students to know all the relevant enactments and legislations in relation to financial accounting in Nigeria and all over the world. As well, students should be able to

CyberText Project Solutions.

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

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...

Inventory is defined as goods held for sale in the normal course of business or items used in the manufacture of products that will be sold in the normal course of business

Balance Sheet: Investments and Financing Management Discussion „ Auditor’s Report „ Consolidated Balance Sheet „ Consolidated Net Income „ Consolidated Statement of Stockholders Equity „ Consolidated Cash Flow Statements „ Notes to Accounts