Financial Accounting (ACCT2200)
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Examen
Bank Reconciliation Statements Study material Latest Update 2023/2024
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---18junio 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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Ellisolutions
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Examen
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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---3abril 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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kraft
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Lote
Corporate Accounting complete package
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---19noviembre 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 Más información
mdsarfaraz
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Notas de lectura
Current Liabilities and Contingencies
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--12noviembre 20212021/2022Disponible en un paquete
- 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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mdsarfaraz
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Notas de lectura
Accounting for Long-Term Debt
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--28noviembre 20212021/2022Disponible en un paquete
- 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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mdsarfaraz
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Notas de lectura
Time Value of Money
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--19noviembre 20212021/2022Disponible en un paquete
- 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 Más información
mdsarfaraz
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Notas de lectura
Accounting for Leases
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--22noviembre 20212021/2022Disponible en un paquete
- 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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mdsarfaraz
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Notas de lectura
Accounting for Marketable Securities
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--17noviembre 20212021/2022Disponible en un paquete
- Understand when accounting departs from 
the “transactions- based” model and 
towards market-driven valuations
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$30.99 Más información
mdsarfaraz
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Notas de lectura
Depreciation and Deferred Taxes
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--4noviembre 20212021/2022Disponible en un paquete
- 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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mdsarfaraz