Mdsarfaraz

Receivables and Revenue Recognition Why do we care about revenue recognition? Criteria for revenue recognition Some Details of SAB 101

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• 21 pages •
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123 University • FINANCIAL ACCOUNTING
Corporate Accounting complete package • By mdsarfaraz

Receivables and Revenue Recognition

ALLOWANCE FOR RETURNS Receivables and Revenue Recognition A Quick Look at Intel’s Statements

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• 25 pages •
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123 University • FINANCIAL ACCOUNTING
Corporate Accounting complete package • By mdsarfaraz

Inventory

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

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123 University • FINANCIAL ACCOUNTING
Corporate Accounting complete package • By mdsarfaraz

Understand how the matching principle

Understand how differences in “book” vs. tax accounting for ,lead to deferred taxes Understand how the matching principle influences the capitalization of long-lived assets the expensing of capitalized costs to match revenues generated in the use of long-lived assets

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• 15 pages •
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123 University • FINANCIAL ACCOUNTING
Corporate Accounting complete package • By mdsarfaraz

Long-lived Assets

What is annual depreciation expense for each of the first two years? What is book value at the end of 2nd year? How do we account for the improvement? What is annual depreciation expense for years 3 and beyond?

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• 24 pages •
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123 University • FINANCIAL ACCOUNTING
Corporate Accounting complete package • By mdsarfaraz

Corporate Accounting

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

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• 32 pages •
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123 University • FINANCIAL ACCOUNTING
Corporate Accounting complete package • By mdsarfaraz

Balance Sheet: Investments and Financing

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

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• 44 pages •
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123 University • FINANCIAL ACCOUNTING
Corporate Accounting complete package • By mdsarfaraz

An accountant’s functions include

Discussion of Accounting An accountant’s functions include Classifying and summarizing, made easier by the repetitive nature of business transaction

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• 33 pages •
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123 University • FINANCIAL ACCOUNTING
Corporate Accounting complete package • By mdsarfaraz

Discussion of Accounting

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

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• 52 pages •
by mdsarfaraz •
uploaded 2021

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123 University • FINANCIAL ACCOUNTING
Corporate Accounting complete package • By mdsarfaraz

Discussion of Accounting

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