Financial Accounting (ACCT2200)

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Here are the best resources to pass Financial Accounting (ACCT2200). Find Financial Accounting (ACCT2200) study guides, notes, assignments, and much more.

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Bank Reconciliation Statements Study material Latest Update 2023/2024
  • Exam (elaborations)

    Bank Reconciliation Statements Study material Latest Update 2023/2024

  • 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...
  • Ellisolutions
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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
  • Exam (elaborations)

    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

  • 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
  • kraft
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CyberText Solutions
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    CyberText Solutions

  • CyberText Project Solutions.
  • JefferyClark
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Current Liabilities and  Contingencies
  • Class notes

    Current Liabilities and Contingencies

  • Nature and reporting of current liabilities ƒ Understand the nature and reporting requirements of contingencies ƒ Illustrate the trade-off between reliability and relevance in accounting for contingencies
  • mdsarfaraz
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Accounting for Long-Term Debt
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    Accounting for Long-Term Debt

  • 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...
  • mdsarfaraz
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Time Value of Money
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    Time Value of Money

  • Obligations that must be discharged in a short period of time (generally less than one year) „ Reported on balance sheet at nominal value examples: ƒ Accounts payable ƒ Short-term borrowings ƒ Current portion of long-term debt ƒ Deposits ƒ Warranties ƒ Deferred Revenues / Income
  • mdsarfaraz
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Accounting for Leases
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    Accounting for Leases

  • 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.
  • mdsarfaraz
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Accounting for  Marketable Securities
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    Accounting for Marketable Securities

  • Understand when accounting departs from the “transactions- based” model and towards market-driven valuations
  • mdsarfaraz
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Depreciation and  Deferred Taxes
  • Class notes

    Depreciation and Deferred Taxes

  • 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
  • mdsarfaraz
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