Sonia lopez Guías de estudio, Notas de estudios & Resúmenes

1. How are revenues and expenses reported on the income statement under (a) the cash basis of accounting and (b) the accrual basis of accounting? 2. Is the matching concept related to (a) the cash basis of accounting or (b) the accrual basis of accounting? 3. Why are adjusting entries needed at the end of an accounting period? 4. What is the difference between adjusting entries and correcting entries? 5. Identify the four different categories of adjusting entries frequently required at the end o...

CP 3-3 Accrued revenue The following is an excerpt from a conversation between Sonia Lopez and Pete Lemke just before they boarded a flight to Paris on Delta Air Lines. They are going to Paris to attend their company’s annual sales conference. Sonia: Pete, aren’t you taking an introductory accounting course at college? Pete: Yes, I decided it’s about time I learned something about accounting. You know, our annual bonuses are based on the sales figures that come from the accounting departme...

1. How are revenues and expenses reported on the income statement under (a) the cash basis of accounting and (b) the accrual basis of accounting? 2. Is the matching concept related to (a) the cash basis of accounting or (b) the accrual basis of accounting? 3. Why are adjusting entries needed at the end of an accounting period? 4. What is the difference between adjusting entries and correcting entries? 5. Identify the four different categories of adjusting entries frequently required at the end o...

APUNTES DE CLASE AMPLIADOS CON INFORMACIÓN DE LAS LECTURAS DE CLASE. LA PROFESORA ES SONIA GARCÍA LÓPEZ.

Apuntes del tema 1: LA EMPRESA Y LOS OBJETIVOS EMPRESARIALES, de la asignatura de organización y administración de empresas completos, con diapositivas copiadas a mano, esquemas, aclaraciones propias y casos prácticos tratados en clase por Sonia Lopez Saiz.