D196 Principles of
D196
Financial
Principles
and of
D196
Managerial
Financial
Principles
Accounting
and of
Managerial
Financial
StudyAccounting
and
Guide
Managerial
WGUStudy
with
Accounting
Guide
Key Concepts
WGU Study
with
and
Guide
Key
Practice
Concepts
WGU Questions.pdf
with
and
Key
Practice
Concepts
Questions.pdf
and Practice Questions.pdf
D196 Principles of
Financial and
Managerial
Accounting Study
Guide WGU with
Key Concepts and
Practice Questions
D196 Principles of
D196
Financial
Principles
and of
Managerial
Financial
D196 Principles
Accounting
and Managerial
of Financial
StudyAccounting
Guide
and WGU
Managerial
Study
withGuide
Key
Accounting
Concepts
WGU with
Study
and
KeyPractice
Guide
Concepts
WGU
Questions.pdf
and
withPractice
Key Concepts
Questions.pdf
and Practice Questions
,D196 - Principles of Financial and Managerial Accounting.pdf D196 - Principles of Financial and Managerial Accounting.pdf D196 - Principles of Financial and Managerial Accounting.pdf
Managerial Accounting accounting information prepared for use inside the company
Financial Accounting accounting information prepared for the use of those outside the company
(investors, creditors, people interested in investing)
Bookkeeping the recording of accounting transactions
Transaction Any business activity that changes assets, liabilities, or owner's equity.
Three basic functions of an accounting system analysis, bookkeeping, evaluations
Analysis seeing what events should be captured in the accounting system
bookkeeping the recording of business transactions day to day
Evaluation obtaining and using financial information to determine the health and
performance of a business
Accounting quantitative information, primarily financial in nature, about economic entities that
is intended to be useful in making economic decisions
D196 - Principles of Financial and Managerial Accounting.pdf D196 - Principles of Financial and Managerial Accounting.pdf D196 - Principles of Financial and Managerial Accounting
, D196 - Principles of Financial and Managerial Accounting.pdf D196 - Principles of Financial and Managerial Accounting.pdf D196 - Principles of Financial and Managerial Accounting.pdf
Decision Making Process 1. identify the issue
2. gather information
3. identify alternatives
4. select best option
capital/financing money used to buy things in a business, it comes from 3 sources investors
(owners), creditors (lenders), the business earnings.
Accountants' Responsibilities 1. Measuring and reporting
2.Advising
annual report a yearly statement of the financial condition, progress, and expectations of an
organization
ballance sheet Reports the resources of a company (the assets), the company's obligations (the
liabilities), and the owners' equity, which represents the difference between what
is owned (assets) and what is owed (liabilities).
Income Statement Reports the amount of net income earned by a company during a period.
D196 - Principles of Financial and Managerial Accounting.pdf D196 - Principles of Financial and Managerial Accounting.pdf D196 - Principles of Financial and Managerial Accounting
D196
Financial
Principles
and of
D196
Managerial
Financial
Principles
Accounting
and of
Managerial
Financial
StudyAccounting
and
Guide
Managerial
WGUStudy
with
Accounting
Guide
Key Concepts
WGU Study
with
and
Guide
Key
Practice
Concepts
WGU Questions.pdf
with
and
Key
Practice
Concepts
Questions.pdf
and Practice Questions.pdf
D196 Principles of
Financial and
Managerial
Accounting Study
Guide WGU with
Key Concepts and
Practice Questions
D196 Principles of
D196
Financial
Principles
and of
Managerial
Financial
D196 Principles
Accounting
and Managerial
of Financial
StudyAccounting
Guide
and WGU
Managerial
Study
withGuide
Key
Accounting
Concepts
WGU with
Study
and
KeyPractice
Guide
Concepts
WGU
Questions.pdf
and
withPractice
Key Concepts
Questions.pdf
and Practice Questions
,D196 - Principles of Financial and Managerial Accounting.pdf D196 - Principles of Financial and Managerial Accounting.pdf D196 - Principles of Financial and Managerial Accounting.pdf
Managerial Accounting accounting information prepared for use inside the company
Financial Accounting accounting information prepared for the use of those outside the company
(investors, creditors, people interested in investing)
Bookkeeping the recording of accounting transactions
Transaction Any business activity that changes assets, liabilities, or owner's equity.
Three basic functions of an accounting system analysis, bookkeeping, evaluations
Analysis seeing what events should be captured in the accounting system
bookkeeping the recording of business transactions day to day
Evaluation obtaining and using financial information to determine the health and
performance of a business
Accounting quantitative information, primarily financial in nature, about economic entities that
is intended to be useful in making economic decisions
D196 - Principles of Financial and Managerial Accounting.pdf D196 - Principles of Financial and Managerial Accounting.pdf D196 - Principles of Financial and Managerial Accounting
, D196 - Principles of Financial and Managerial Accounting.pdf D196 - Principles of Financial and Managerial Accounting.pdf D196 - Principles of Financial and Managerial Accounting.pdf
Decision Making Process 1. identify the issue
2. gather information
3. identify alternatives
4. select best option
capital/financing money used to buy things in a business, it comes from 3 sources investors
(owners), creditors (lenders), the business earnings.
Accountants' Responsibilities 1. Measuring and reporting
2.Advising
annual report a yearly statement of the financial condition, progress, and expectations of an
organization
ballance sheet Reports the resources of a company (the assets), the company's obligations (the
liabilities), and the owners' equity, which represents the difference between what
is owned (assets) and what is owed (liabilities).
Income Statement Reports the amount of net income earned by a company during a period.
D196 - Principles of Financial and Managerial Accounting.pdf D196 - Principles of Financial and Managerial Accounting.pdf D196 - Principles of Financial and Managerial Accounting
