Lecture Accounting for Business – A non-accountant’s guide (2/e) - Chapter 7: Costing concepts. After you have mastered the material in this chapter, you will be able to: Explain the importance of comparisons and trends in financial statement analysis; calculate the ratios related to the profitability and financial stability of a business, from a given set of financial statements;...

 13 p dtu 23/09/2023 58 0 Download

Lecture Accounting for Business – A non-accountant’s guide (2/e) - Chapter 3: Financial accounting reports. The learning objectives for this chapter include: Describe the purpose and format of a statement of financial performance, explain the difference between gross profit and net profit, differentiate between cash and accrual accounting systems,...

 37 p dtu 23/09/2023 50 0 Download

Lecture Accounting for Business – A non-accountant’s guide (2/e) - Chapter: Capital investment analysis. The learning objectives for this chapter include: Describe the two types of capital investment decisions with which managers may be faced: accept or reject decisions, capital-rationing decisions; describe the method of calculation of non-discounting models: payback period, accounting rate of return; explain the advantages and...

 16 p dtu 23/09/2023 53 0 Download

Lecture Accounting for Business – A non-accountant’s guide (2/e) - Chapter 4: Limitations of accounting. After you have mastered the material in this chapter, you will be able to: Explain the term ‘generally accepted accounting principles’; explain the effects of the following accounting principles on the measurement of assets, revenues and expenses: historical cost, monetary unit, going concern, accounting period, conservatism.

 9 p dtu 23/09/2023 53 0 Download

Lecture Accounting for Business – A non-accountant’s guide (2/e) - Chapter 10: Basic budgetary controls. After you have mastered the material in this chapter, you will be able to: Outline the steps associated with an effective system of management control, explain the benefits of adopting a formal budgeting process, explain the importance of recognising the behavioural aspects of budgeting,...

 14 p dtu 23/09/2023 60 0 Download

Lecture Fundamental accounting principles (21e) - Chapter 1: Accounting in business. After completing this chapter you should be able to: Explain the purpose and importance of accounting; Identify users and uses of, and opportunities in, accounting; explain why ethics are crucial to accounting; explain generally accepted accounting principles and define and apply several accounting principles.

 41 p dtu 23/09/2023 32 0 Download

Lecture Fundamental accounting principles (21e) - Chapter 2: Analyzing and recording transactions. After completing this chapter you should be able to: Explain the steps in processing transactions and the role of source documents, describe an account and its use in recording transactions, describe a ledger and a chart of accounts, define debits and credits and explain double-entry accounting.

 36 p dtu 23/09/2023 38 0 Download

Lecture Fundamental accounting principles (21e) - Chapter 4: Completing the accounting cycle. After completing this chapter you should be able to: Describe merchandising activities and identify income components for a merchandising company, identify and explain the inventory asset and cost flows of a merchandising company, compute the acid-test ratio and explain its use to assess liquidity,...

 37 p dtu 23/09/2023 21 0 Download

Lecture Fundamental accounting principles (21e) - Chapter 3: Analyzing and recording transactions. After completing this chapter you should be able to: Explain the importance of periodic reporting and the time period assumption, explain accrual accounting and how it improves financial statements, identify the types of adjustments and their purpose.

 41 p dtu 23/09/2023 27 0 Download

After completing this chapter you should be able to: Describe merchandising activities and identify income components for a merchandising company, identify and explain the inventory asset and cost flows of a merchandising company, compute the acid-test ratio and explain its use to assess liquidity,...

 43 p dtu 23/09/2023 24 0 Download

Lecture Fundamental accounting principles (21e) - Chapter 6: Inventories and cost of sales. After completing this chapter you should be able to: Explain the purpose and importance of accounting; Identify users and uses of, and opportunities in, accounting; explain why ethics are crucial to accounting; explain generally accepted accounting principles and define and apply several accounting principles.

 42 p dtu 23/09/2023 22 0 Download

Lecture Fundamental accounting principles (21e) - Chapter 12: Accounting for partnerships. After completing this chapter you should be able to: Identify the principles and components of accounting information systems, explain the goals and uses of special journals, describe the use of controlling accounts and subsidiary ledgers.

 39 p dtu 23/09/2023 23 0 Download