Ppe and intangibles Samenvattingen, Notities en Examens

This is a summary of the financial accounting course in the first bachelor Business Economics at the VUB. I got 18/20 with this summary.

Complete Test Bank for Financial Accounting IFRS, 12th Global Edition by Walter T. Harrison, Themin Suwardy ; ISBN13: 9781292412887.....(Full Chapters included Chapter 1 to 12)...1.Conceptual Framework and The Financial Statements 2.Recording Business Transactions 3.Accrual Accounting 4.Presentation of Financial Statements 5.Internal Control, Cash, and Receivables 6.Inventory and Merchandising Operations 7.PPE and Intangibles 8.Investments 9.Liabilities 10.Shareholders’ Equity 11.Cas...

Solutions Manual For Fundamental Accounting Principles Volume 2 15TH Canadian Edition By Larson/Jensen/Dieckmann. $18,000 + $180,000 + $3,000 + $600 = $201,600 Quick Study 9-2 (10 minutes) 1. (a) R (b) C (c) R (d) C 2. (a) Mar. 15 Repairs Expense ................................. 120 Accounts Payable .......................... 120 To record repairs. (b) Mar. 15 Refrigeration Equipment .................... 40,000 Accounts Payable .......................... 40,000 To record capital e...

Land held for future expansion is classified as a long-term investment. It is not a property, plant and equipment asset because it is not being used in the production or sale of other assets or services. 3. The cost of a property, plant and equipment asset includes all normal, reasonable, and necessary costs of getting the asset in place and ready to use. For example, cost includes such items as the invoice price paid, freight costs, non refundable sales taxes (PST, HST) and all costs incu...

What if not followed IAS or IFRS? Not True and Fair = UNETHICAL Why PRINCIPLES not RULES? Principles harder to circumvent Why have a FRAMEWORK? Provides guidances for standards setters Gives guidance where no standards exist Helps all parties with intrerpretation 2 x Useful qualities of financial information RELEVANCE = Influences Decisions FAITHFUL REPRESENTATION = Complete, Neutral, No Errors What does RELEVANCE offer? PREDICTIVE VALUE CONFIRMATORY VALUE 4 X Qualities of FAITHFU...

Solutions Manual For Fundamental Accounting Principles Volume 2 15TH Canadian Edition By Larson/Jensen/Dieckmann. Quick Study 9-2 (10 minutes) 1. (a) R (b) C (c) R (d) C 2. (a) Mar. 15 Repairs Expense ................................. 120 Accounts Payable .......................... 120 To record repairs. (b) Mar. 15 Refrigeration Equipment .................... 40,000 Accounts Payable .......................... 40,000 To record capital expenditure. (c) Mar. 15 Repairs Expense ........

What is an LBO? In a leveraged buyout, 1) PE firm acquires a company using D + E 2) Operates it for a several years with operating improvements 3) sells it at the end of the period to realize a return on that investment Walk me through the mechanics of an LBO model. 1) Assumptions 2) S&U 3) Adjust Balance Sheet - Debt and Equity - Goodwill 4) Project 3 statements 5) Project FCF 6) Debt and Interest Schedule 7) Exit Calc (MOic and IRR) 8) Sensitivity Tables How do you as...

WGU MBA FIRST HALF OF EXAMS (TESTED AND VERRIFIRD EXAM) 2023- 2024 Accounting - CORRECT ANSWER-the recording of the day-to-day financial activities of a company and the organization of that information into summary reports used to evaluate the company's financial status Bookkeeping - CORRECT ANSWER-the preservation of a systematic, quantitative record of an activity accounting system - CORRECT ANSWER-used by a business to handle routine bookkeeping tasks and to structure the inform...

ACG 2021 Final Exam Questions and answers, rated A+. Which of the following would appear on an income statement? a. Cash b. All of these appear on income statements c. Retained earnings d. Accounts payable e. Service revenue - e. Service Revenue The income statement reports revenues, expenses, and net income. This information relates to Harold Corporation: Dividends, $5,000 Sales revenue, $75,000 Cash, $15,000 Salaries and wages expense, $20,000 Rent expense, $10,...

CFA Level 2 Exam 115 Questions with Answers 2023 FCFF (using EBITDA) - CORRECT ANSWER FCFF = EBIDTA(1-T) + DEP(T) - Finv - Winv Converting FIFO to LIFO COGS - CORRECT ANSWER FIFO COGS = LIFO COGS - (End LIFO Reserve - Beg LIFO reserve) Engle- Granger Test - CORRECT ANSWER Test whether 2 variables are cointegrated. Regress 1 data series against the other and check residuals for unit root. Steady State of Growth Formula - CORRECT ANSWER growth = Growth Rate TFP/1-(Labor cost in total...